Asheville USDA Loan Rates, Closing Costs & Stats
ASHEVILLE, NC
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Asheville's 28 lenders originated 51 USDA loans during 2022. The total origination value was $12,315,000, with an average USDA loan value of $241,471.
Asheville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Asheville
averaged
5.91%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
Asheville's average USDA mortgage closing costs are $5,874.
The average rate for the prior week (2023-05-19) was
5.86% and
one month ago for the week of 2023-04-21, the
average rate was 5.66%.
The average rate one year ago was 4.58%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.02%.
Asheville USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Asheville level.
The top Asheville USDA lender as defined by loan originations is GoPrime Mortgage, Inc., with
7 USDA loans originated. Their average total fees are
$7,722, which is $1,697
lower than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee Asheville USDA lenders (with over 10 loans originated) are
.
The lowest rate Asheville USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Asheville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $349,950 (0.1%) | $496,019 (-3.7%) | 1.30 | 2,439 |
2018-02-01 | $349,963 (-3.1%) | $492,032 (-6.4%) | 1.27 | 2,387 |
2018-03-01 | $354,900 (-2.6%) | $497,845 (-5.4%) | 1.25 | 2,439 |
2018-04-01 | $358,925 (-3.0%) | $495,286 (-5.9%) | 1.22 | 2,572 |
2018-05-01 | $364,225 (-3.3%) | $494,421 (-7.3%) | 1.22 | 2,668 |
2018-06-01 | $385,000 (1.3%) | $530,377 (0.2%) | 1.28 | 2,593 |
2018-07-01 | $387,000 (2.1%) | $524,077 (-0.6%) | 1.29 | 2,676 |
2018-08-01 | $385,000 (0.7%) | $519,027 (-3.3%) | 1.29 | 2,773 |
2018-09-01 | $380,950 (0.5%) | $518,694 (-3.5%) | 1.28 | 2,882 |
2018-10-01 | $377,200 (0.2%) | $514,303 (-4.0%) | 1.28 | 2,978 |
2018-11-01 | $375,000 (-1.2%) | $510,954 (-4.2%) | 1.27 | 2,869 |
2018-12-01 | $375,000 (-1.1%) | $511,713 (-4.2%) | 1.29 | 2,651 |
2019-01-01 | $379,000 (8.3%) | $519,356 (4.7%) | 1.31 | 2,356 |
2019-02-01 | $375,000 (7.2%) | $522,183 (6.1%) | 1.27 | 2,256 |
2019-03-01 | $385,000 (8.5%) | $537,451 (8.0%) | 1.28 | 2,327 |
2019-04-01 | $396,525 (10.5%) | $549,276 (10.9%) | 1.26 | 2,461 |
2019-05-01 | $399,925 (9.8%) | $558,910 (13.0%) | 1.25 | 2,595 |
2019-06-01 | $399,500 (3.8%) | $559,076 (5.4%) | 1.25 | 2,771 |
2019-07-01 | $399,000 (3.1%) | $551,524 (5.2%) | 1.25 | 2,766 |
2019-08-01 | $399,900 (3.9%) | $560,627 (8.0%) | 1.25 | 2,789 |
2019-09-01 | $399,900 (5.0%) | $560,957 (8.2%) | 1.26 | 2,648 |
2019-10-01 | $399,000 (5.8%) | $547,055 (6.4%) | 1.29 | 2,821 |
2019-11-01 | $399,000 (6.4%) | $549,650 (7.6%) | 1.31 | 2,637 |
2019-12-01 | $398,950 (6.4%) | $548,845 (7.3%) | 1.33 | 2,314 |
2020-01-01 | $399,373 (5.4%) | $560,534 (7.9%) | 1.33 | 2,015 |
2020-02-01 | $400,000 (6.7%) | $562,601 (7.7%) | 1.31 | 1,843 |
2020-03-01 | $403,656 (4.9%) | $567,123 (5.5%) | 1.27 | 1,870 |
2020-04-01 | $399,450 (0.7%) | $555,177 (1.1%) | 1.25 | 2,022 |
2020-05-01 | $419,900 (5.0%) | $578,288 (3.5%) | 1.28 | 2,015 |
2020-06-01 | $427,000 (6.9%) | $596,811 (6.8%) | 1.26 | 1,958 |
2020-07-01 | $427,000 (7.0%) | $606,243 (9.9%) | 1.24 | 1,858 |
2020-08-01 | $429,000 (7.3%) | $614,891 (9.7%) | 1.23 | 1,687 |
2020-09-01 | $442,500 (10.7%) | $648,982 (15.7%) | 1.27 | 1,586 |
2020-10-01 | $449,250 (12.6%) | $658,355 (20.4%) | 1.29 | 1,556 |
2020-11-01 | $455,250 (14.1%) | $670,739 (22.0%) | 1.33 | 1,424 |
2020-12-01 | $469,225 (17.6%) | $689,344 (25.6%) | 1.40 | 1,277 |
2021-01-01 | $463,000 (15.9%) | $693,720 (23.8%) | 1.38 | 1,062 |
2021-02-01 | $449,475 (12.4%) | $689,485 (22.6%) | 1.31 | 911 |
2021-03-01 | $457,500 (13.3%) | $697,415 (23.0%) | 1.30 | 818 |
2021-04-01 | $464,950 (16.4%) | $718,269 (29.4%) | 1.26 | 843 |
2021-05-01 | $479,000 (14.1%) | $737,198 (27.5%) | 1.27 | 861 |
2021-06-01 | $472,450 (10.6%) | $713,240 (19.5%) | 1.24 | 1,092 |
2021-07-01 | $454,385 (6.4%) | $689,197 (13.7%) | 1.20 | 1,204 |
2021-08-01 | $448,675 (4.6%) | $690,368 (12.3%) | 1.20 | 1,225 |
2021-09-01 | $456,503 (3.2%) | $715,651 (10.3%) | 1.22 | 1,201 |
2021-10-01 | $469,950 (4.6%) | $729,265 (10.8%) | 1.25 | 1,157 |
2021-11-01 | $472,250 (3.7%) | $743,062 (10.8%) | 1.26 | 1,010 |
2021-12-01 | $479,855 (2.3%) | $770,865 (11.8%) | 1.30 | 867 |
2022-01-01 | $499,450 (7.9%) | $827,928 (19.4%) | 1.35 | 678 |
2022-02-01 | $537,063 (19.5%) | $909,748 (32.0%) | 1.40 | 539 |
2022-03-01 | $553,453 (21.0%) | $918,572 (31.7%) | 1.39 | 517 |
2022-04-01 | $550,000 (18.3%) | $883,704 (23.0%) | 1.31 | 600 |
2022-05-01 | $567,450 (18.5%) | $862,329 (17.0%) | 1.30 | 817 |
2022-06-01 | $560,000 (18.5%) | $825,831 (15.8%) | 1.25 | 961 |
2022-07-01 | $530,000 (16.6%) | $789,158 (14.5%) | 1.20 | 1,137 |
2022-08-01 | $521,000 (16.1%) | $762,004 (10.4%) | 1.20 | 1,154 |
2022-09-01 | $524,950 (15.0%) | $774,660 (8.3%) | 1.23 | 1,186 |
2022-10-01 | $529,000 (12.6%) | $793,875 (8.9%) | 1.24 | 1,292 |
2022-11-01 | $536,000 (13.5%) | $798,622 (7.5%) | 1.29 | 1,230 |
2022-12-01 | $540,000 (12.5%) | $798,224 (3.6%) | 1.33 | 1,096 |
2023-01-01 | $531,200 (6.4%) | $799,075 (-3.5%) | 1.31 | 959 |
2023-02-01 | $579,500 (7.9%) | $834,441 (-8.3%) | 1.40 | 820 |
2023-03-01 | $577,000 (4.3%) | $841,026 (-8.4%) | 1.36 | 837 |
2023-04-01 | $594,500 (8.1%) | $854,771 (-3.3%) | 1.38 | 925 |
Asheville's median listing price comes in at 138% of the national average.
Asheville's average listing price for 2023-04-01 was $854,771, a difference of $-28,933 (-3.3%) versus the prior year and $13,745 versus the prior month.
For the 2023-04-01 period, Asheville had 925 MLS listings, a difference of 88 listings (11%) versus the prior month and 325 listings (54%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Asheville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 137 days | 2,227 sqft |
2018-02-01 | 57 days | 2,195 sqft |
2018-03-01 | 72 days | 2,155 sqft |
2018-04-01 | 99 days | 2,158 sqft |
2018-05-01 | 90 days | 2,163 sqft |
2018-06-01 | 73 days | 2,160 sqft |
2018-07-01 | 74 days | 2,187 sqft |
2018-08-01 | 80 days | 2,185 sqft |
2018-09-01 | 85 days | 2,172 sqft |
2018-10-01 | 88 days | 2,131 sqft |
2018-11-01 | 91 days | 2,114 sqft |
2018-12-01 | 106 days | 2,089 sqft |
2019-01-01 | 122 days | 2,080 sqft |
2019-02-01 | 128 days | 2,063 sqft |
2019-03-01 | 121 days | 2,120 sqft |
2019-04-01 | 76 days | 2,170 sqft |
2019-05-01 | 71 days | 2,215 sqft |
2019-06-01 | 68 days | 2,217 sqft |
2019-07-01 | 74 days | 2,211 sqft |
2019-08-01 | 87 days | 2,213 sqft |
2019-09-01 | 93 days | 2,200 sqft |
2019-10-01 | 89 days | 2,157 sqft |
2019-11-01 | 92 days | 2,144 sqft |
2019-12-01 | 100 days | 2,130 sqft |
2020-01-01 | 115 days | 2,129 sqft |
2020-02-01 | 117 days | 2,113 sqft |
2020-03-01 | 109 days | 2,111 sqft |
2020-04-01 | 86 days | 2,078 sqft |
2020-05-01 | 87 days | 2,149 sqft |
2020-06-01 | 87 days | 2,171 sqft |
2020-07-01 | 73 days | 2,204 sqft |
2020-08-01 | 72 days | 2,181 sqft |
2020-09-01 | 72 days | 2,211 sqft |
2020-10-01 | 67 days | 2,176 sqft |
2020-11-01 | 72 days | 2,139 sqft |
2020-12-01 | 79 days | 2,109 sqft |
2021-01-01 | 91 days | 2,055 sqft |
2021-02-01 | 92 days | 1,989 sqft |
2021-03-01 | 71 days | 1,940 sqft |
2021-04-01 | 51 days | 1,929 sqft |
2021-05-01 | 42 days | 1,992 sqft |
2021-06-01 | 37 days | 1,940 sqft |
2021-07-01 | 44 days | 1,905 sqft |
2021-08-01 | 51 days | 1,871 sqft |
2021-09-01 | 54 days | 1,903 sqft |
2021-10-01 | 57 days | 1,939 sqft |
2021-11-01 | 61 days | 1,918 sqft |
2021-12-01 | 73 days | 1,928 sqft |
2022-01-01 | 82 days | 1,937 sqft |
2022-02-01 | 84 days | 1,931 sqft |
2022-03-01 | 58 days | 2,020 sqft |
2022-04-01 | 35 days | 2,003 sqft |
2022-05-01 | 32 days | 2,074 sqft |
2022-06-01 | 36 days | 2,052 sqft |
2022-07-01 | 38 days | 2,015 sqft |
2022-08-01 | 47 days | 2,021 sqft |
2022-09-01 | 51 days | 1,989 sqft |
2022-10-01 | 51 days | 2,044 sqft |
2022-11-01 | 58 days | 2,065 sqft |
2022-12-01 | 72 days | 2,056 sqft |
2023-01-01 | 86 days | 1,975 sqft |
2023-02-01 | 88 days | 2,033 sqft |
2023-03-01 | 63 days | 2,029 sqft |
2023-04-01 | 50 days | 2,043 sqft |
Asheville's median square footage for active listings during the 2023-04-01 period was 2,043 sqft. One year prior, the average listing was 2,003 sqft.