Asheville USDA Loan Rates, Closing Costs & Stats

ASHEVILLE, NC

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    • 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 14 lenders originated 21 USDA loans during 2024. The total origination value was $6,265,000, with an average USDA loan value of $298,333.

    Asheville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Asheville averaged 6.47% for the week of 2025-05-23, compared to the national average (all USDA variants) of 6.433% for the same period.

    Asheville's average USDA mortgage closing costs are $5,980.

    The average rate for the prior week (2025-05-16) was 6.8% and one month ago for the week of 2025-04-18, the average rate was 6.39%.

    The average rate one year ago was 6.86%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.67%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 3 6.21% $7,714
    HOWARD HANNA FINANCIAL SERVICES, INC. 3 6.29% $8,375
    First Bank 2 5.25% $10,310
    GoPrime Mortgage, Inc. 2 6.50% $9,500
    Alcova Mortgage LLC 2 6.56% $5,824
    MOVEMENT MORTGAGE, LLC 1 6.75% $8,354
    Paramount Bank 1 6.13% $6,729
    SeaTrust Mortgage Company 1 6.38% $11,239
    T2 FINANCIAL LLC 1 6.25% $8,881
    UNION HOME MORTGAGE CORP. 1 5.38% $14,038
    Equity Prime Mortgage LLC 1 6.38% $11,148
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.75% $10,552
    GUARANTEED RATE, INC. 1 6.25% $8,829
    HomeTrust Bank 1 5.75% $7,837

    The top Asheville USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 3 USDA loans originated. Their average total fees are $7,714, which is $661 lower than the next largest lender, HOWARD HANNA FINANCIAL SERVICES, INC..

    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. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $381,600 (1.2%) $538,570 (-4.7%) 1.41 1,917
    2018-02-01 $379,000 (-3.3%) $532,851 (-7.5%) 1.38 1,880
    2018-03-01 $379,000 (-2.7%) $538,478 (-6.1%) 1.33 1,930
    2018-04-01 $387,675 (-1.0%) $536,939 (-5.7%) 1.31 2,017
    2018-05-01 $394,875 (-1.0%) $533,969 (-7.6%) 1.32 2,099
    2018-06-01 $399,900 (0.1%) $563,261 (-0.8%) 1.33 2,113
    2018-07-01 $399,450 (0.1%) $552,165 (-2.0%) 1.33 2,171
    2018-08-01 $399,000 (0.0%) $541,769 (-5.1%) 1.34 2,269
    2018-09-01 $399,000 (0.0%) $543,053 (-4.9%) 1.34 2,362
    2018-10-01 $392,500 (-1.4%) $536,655 (-5.2%) 1.33 2,452
    2018-11-01 $389,000 (-2.5%) $527,840 (-6.8%) 1.32 2,382
    2018-12-01 $386,000 (-3.3%) $530,241 (-6.6%) 1.33 2,187
    2019-01-01 $389,900 (2.2%) $537,723 (-0.2%) 1.35 1,946
    2019-02-01 $389,750 (2.8%) $541,289 (1.6%) 1.32 1,872
    2019-03-01 $397,143 (4.8%) $550,958 (2.3%) 1.30 1,952
    2019-04-01 $406,450 (4.8%) $565,975 (5.4%) 1.29 2,060
    2019-05-01 $425,000 (7.6%) $577,895 (8.2%) 1.33 2,184
    2019-06-01 $423,750 (6.0%) $578,972 (2.8%) 1.32 2,309
    2019-07-01 $419,950 (5.1%) $571,738 (3.5%) 1.31 2,302
    2019-08-01 $420,153 (5.3%) $571,568 (5.5%) 1.33 2,320
    2019-09-01 $417,254 (4.6%) $567,861 (4.6%) 1.34 2,325
    2019-10-01 $417,441 (6.4%) $566,948 (5.6%) 1.35 2,327
    2019-11-01 $418,900 (7.7%) $571,330 (8.2%) 1.37 2,174
    2019-12-01 $417,119 (8.1%) $572,148 (7.9%) 1.39 1,889
    2020-01-01 $419,450 (7.6%) $586,619 (9.1%) 1.40 1,642
    2020-02-01 $425,000 (9.0%) $591,224 (9.2%) 1.39 1,502
    2020-03-01 $429,490 (8.1%) $598,102 (8.6%) 1.35 1,551
    2020-04-01 $418,500 (3.0%) $580,394 (2.6%) 1.31 1,690
    2020-05-01 $430,000 (1.2%) $603,773 (4.5%) 1.31 1,684
    2020-06-01 $440,000 (3.8%) $617,715 (6.7%) 1.30 1,634
    2020-07-01 $442,450 (5.4%) $627,880 (9.8%) 1.28 1,546
    2020-08-01 $445,000 (5.9%) $637,424 (11.5%) 1.28 1,413
    2020-09-01 $452,500 (8.5%) $664,980 (17.1%) 1.30 1,358
    2020-10-01 $464,250 (11.2%) $676,761 (19.4%) 1.33 1,324
    2020-11-01 $465,000 (11.0%) $686,866 (20.2%) 1.36 1,215
    2020-12-01 $475,000 (13.9%) $712,129 (24.5%) 1.41 1,080
    2021-01-01 $477,000 (13.7%) $718,749 (22.5%) 1.42 899
    2021-02-01 $467,000 (9.9%) $714,880 (20.9%) 1.36 762
    2021-03-01 $466,500 (8.6%) $724,511 (21.1%) 1.32 687
    2021-04-01 $472,000 (12.8%) $741,808 (27.8%) 1.28 696
    2021-05-01 $489,900 (13.9%) $769,982 (27.5%) 1.30 721
    2021-06-01 $479,250 (8.9%) $743,721 (20.4%) 1.26 901
    2021-07-01 $468,500 (5.9%) $718,865 (14.5%) 1.24 982
    2021-08-01 $452,380 (1.7%) $713,277 (11.9%) 1.21 1,020
    2021-09-01 $471,975 (4.3%) $742,581 (11.7%) 1.26 1,024
    2021-10-01 $481,970 (3.8%) $749,441 (10.7%) 1.29 978
    2021-11-01 $485,510 (4.4%) $770,185 (12.1%) 1.30 849
    2021-12-01 $492,500 (3.7%) $812,544 (14.1%) 1.33 719
    2022-01-01 $525,000 (10.1%) $884,393 (23.1%) 1.42 558
    2022-02-01 $570,175 (22.1%) $971,920 (36.0%) 1.48 454
    2022-03-01 $587,205 (25.9%) $972,728 (34.3%) 1.47 431
    2022-04-01 $579,000 (22.7%) $937,993 (26.5%) 1.38 483
    2022-05-01 $595,000 (21.5%) $902,865 (17.3%) 1.36 673
    2022-06-01 $584,500 (22.0%) $863,864 (16.2%) 1.30 784
    2022-07-01 $550,000 (17.4%) $818,499 (13.9%) 1.24 921
    2022-08-01 $543,250 (20.1%) $791,967 (11.0%) 1.26 940
    2022-09-01 $545,119 (15.5%) $816,071 (9.9%) 1.27 946
    2022-10-01 $550,000 (14.1%) $834,960 (11.4%) 1.29 1,039
    2022-11-01 $573,650 (18.2%) $840,875 (9.2%) 1.38 1,008
    2022-12-01 $575,000 (16.8%) $845,914 (4.1%) 1.42 885
    2023-01-01 $577,850 (10.1%) $841,255 (-4.9%) 1.43 772
    2023-02-01 $599,000 (5.1%) $870,974 (-10.4%) 1.45 660
    2023-03-01 $612,500 (4.3%) $892,262 (-8.3%) 1.44 678
    2023-04-01 $620,000 (7.1%) $907,237 (-3.3%) 1.44 754
    2023-05-01 $625,000 (5.0%) $929,794 (3.0%) 1.42 863
    2023-06-01 $644,000 (10.2%) $939,322 (8.7%) 1.45 905
    2023-07-01 $625,000 (13.6%) $927,648 (13.3%) 1.42 949
    2023-08-01 $628,246 (15.7%) $910,912 (15.0%) 1.44 972
    2023-09-01 $620,000 (13.7%) $890,091 (9.1%) 1.44 1,034
    2023-10-01 $599,125 (8.9%) $883,702 (5.8%) 1.41 1,162
    2023-11-01 $587,655 (2.4%) $866,971 (3.1%) 1.40 1,181
    2023-12-01 $559,000 (-2.8%) $848,294 (0.3%) 1.36 1,078
    2024-01-01 $565,000 (-2.2%) $875,547 (4.1%) 1.38 925
    2024-02-01 $549,938 (-8.2%) $870,453 (-0.1%) 1.32 872
    2024-03-01 $565,500 (-7.7%) $875,884 (-1.8%) 1.33 965
    2024-04-01 $575,000 (-7.3%) $856,686 (-5.6%) 1.34 1,066
    2024-05-01 $635,000 (1.6%) $928,141 (-0.2%) 1.44 1,124
    2024-06-01 $600,000 (-6.8%) $890,164 (-5.2%) 1.36 1,215
    2024-07-01 $586,000 (-6.2%) $887,812 (-4.3%) 1.34 1,329
    2024-08-01 $579,000 (-7.8%) $874,610 (-4.0%) 1.35 1,449
    2024-09-01 $585,000 (-5.7%) $873,180 (-1.9%) 1.38 1,564
    2024-10-01 $583,543 (-2.6%) $854,531 (-3.3%) 1.37 1,441
    2024-11-01 $575,000 (-2.2%) $844,461 (-2.6%) 1.38 1,453
    2024-12-01 $572,225 (2.4%) $839,983 (-1.0%) 1.42 1,352
    2025-01-01 $566,625 (0.3%) $844,317 (-3.6%) 1.41 1,263
    2025-02-01 $575,820 (4.7%) $845,195 (-2.9%) 1.40 1,308
    2025-03-01 $578,800 (2.4%) $846,979 (-3.3%) 1.36 1,444
    2025-04-01 $594,000 (3.3%) $848,485 (-1.0%) 1.38 1,796
    Asheville's median listing price for 2025-04-01 was $594,000, a difference of $19,000 (3.3%) versus the prior year and $15,200 versus the prior month.

    Asheville's median listing price comes in at 138% of the national average.

    Asheville's average listing price for 2025-04-01 was $848,485, a difference of $-8,201 (-1.0%) versus the prior year and $1,506 versus the prior month.

    For the 2025-04-01 period, Asheville had 1,796 MLS listings, a difference of 352 listings (24%) versus the prior month and 730 listings (68%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Asheville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 102 days 2,246 sqft
    2018-02-01 46 days 2,203 sqft
    2018-03-01 68 days 2,168 sqft
    2018-04-01 78 days 2,195 sqft
    2018-05-01 71 days 2,211 sqft
    2018-06-01 69 days 2,200 sqft
    2018-07-01 70 days 2,220 sqft
    2018-08-01 74 days 2,206 sqft
    2018-09-01 78 days 2,188 sqft
    2018-10-01 81 days 2,153 sqft
    2018-11-01 86 days 2,128 sqft
    2018-12-01 96 days 2,108 sqft
    2019-01-01 109 days 2,095 sqft
    2019-02-01 110 days 2,080 sqft
    2019-03-01 91 days 2,138 sqft
    2019-04-01 62 days 2,186 sqft
    2019-05-01 59 days 2,228 sqft
    2019-06-01 60 days 2,228 sqft
    2019-07-01 66 days 2,221 sqft
    2019-08-01 70 days 2,193 sqft
    2019-09-01 76 days 2,173 sqft
    2019-10-01 78 days 2,169 sqft
    2019-11-01 79 days 2,176 sqft
    2019-12-01 90 days 2,158 sqft
    2020-01-01 106 days 2,154 sqft
    2020-02-01 107 days 2,152 sqft
    2020-03-01 81 days 2,141 sqft
    2020-04-01 72 days 2,094 sqft
    2020-05-01 72 days 2,166 sqft
    2020-06-01 71 days 2,179 sqft
    2020-07-01 63 days 2,197 sqft
    2020-08-01 63 days 2,184 sqft
    2020-09-01 58 days 2,213 sqft
    2020-10-01 57 days 2,179 sqft
    2020-11-01 60 days 2,127 sqft
    2020-12-01 67 days 2,110 sqft
    2021-01-01 78 days 2,043 sqft
    2021-02-01 82 days 1,983 sqft
    2021-03-01 56 days 1,941 sqft
    2021-04-01 46 days 1,947 sqft
    2021-05-01 37 days 2,001 sqft
    2021-06-01 35 days 1,932 sqft
    2021-07-01 42 days 1,892 sqft
    2021-08-01 47 days 1,866 sqft
    2021-09-01 51 days 1,916 sqft
    2021-10-01 52 days 1,955 sqft
    2021-11-01 58 days 1,937 sqft
    2021-12-01 71 days 1,947 sqft
    2022-01-01 79 days 1,943 sqft
    2022-02-01 73 days 1,954 sqft
    2022-03-01 46 days 2,036 sqft
    2022-04-01 30 days 2,037 sqft
    2022-05-01 30 days 2,107 sqft
    2022-06-01 33 days 2,086 sqft
    2022-07-01 37 days 2,040 sqft
    2022-08-01 43 days 2,042 sqft
    2022-09-01 47 days 2,006 sqft
    2022-10-01 48 days 2,080 sqft
    2022-11-01 54 days 2,102 sqft
    2022-12-01 68 days 2,058 sqft
    2023-01-01 82 days 1,975 sqft
    2023-02-01 86 days 2,014 sqft
    2023-03-01 59 days 2,056 sqft
    2023-04-01 46 days 2,074 sqft
    2023-05-01 43 days 2,096 sqft
    2023-06-01 46 days 2,161 sqft
    2023-07-01 51 days 2,124 sqft
    2023-08-01 52 days 2,123 sqft
    2023-09-01 50 days 2,103 sqft
    2023-10-01 51 days 2,082 sqft
    2023-11-01 57 days 2,003 sqft
    2023-12-01 70 days 1,959 sqft
    2024-01-01 83 days 1,907 sqft
    2024-02-01 83 days 1,866 sqft
    2024-03-01 57 days 1,900 sqft
    2024-04-01 43 days 1,931 sqft
    2024-05-01 40 days 2,020 sqft
    2024-06-01 49 days 1,990 sqft
    2024-07-01 50 days 1,967 sqft
    2024-08-01 53 days 1,962 sqft
    2024-09-01 57 days 1,939 sqft
    2024-10-01 72 days 1,950 sqft
    2024-11-01 79 days 1,914 sqft
    2024-12-01 92 days 1,895 sqft
    2025-01-01 81 days 1,887 sqft
    2025-02-01 79 days 1,902 sqft
    2025-03-01 58 days 1,897 sqft
    2025-04-01 50 days 1,944 sqft
    Asheville's median listing age (time on market) for 2025-04-01 was 50 days. This is 15% longer than the same period one year ago.

    Asheville's median square footage for active listings during the 2025-04-01 period was 1,944 sqft. One year prior, the average listing was 1,931 sqft.