Bennettsville USDA Loan Rates, Closing Costs & Stats

Bennettsville, SC

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.

Bennettsville's 4 lenders originated 4 USDA loans during 2023. The total origination value was $690,000, with an average USDA loan value of $172,500.

Bennettsville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Bennettsville averaged 6.84% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

Bennettsville's average USDA mortgage closing costs are $4,682.

The average rate for the prior week (2024-03-15) was 6.77% and one month ago for the week of 2024-02-16, the average rate was 6.75%.

The average rate one year ago was 6.55%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.87%.

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

Bennettsville 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 Bennettsville level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
DIRECT MORTGAGE LOANS, LLC 1 7.49% $5,684
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $7,509
T2 FINANCIAL LLC 1 5.75% $11,524
UNITED WHOLESALE MORTGAGE, LLC 1 6.25% $8,223

The top Bennettsville USDA lender as defined by loan originations is DIRECT MORTGAGE LOANS, LLC, with 1 USDA loans originated. Their average total fees are $5,684, which is $1,825 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Bennettsville USDA lenders (with over 10 loans originated) are .

The lowest rate Bennettsville USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Bennettsville (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 $109,300 (43.3%) $160,298 (37.7%) 0.00 31
2018-02-01 $111,950 (43.3%) $159,187 (28.6%) 0.00 35
2018-03-01 $95,000 (20.7%) $152,441 (29.0%) 0.00 35
2018-04-01 $102,200 (-7.1%) $141,758 (16.1%) 0.00 39
2018-05-01 $92,600 (-8.8%) $156,313 (26.8%) 0.00 43
2018-06-01 $90,000 (9.6%) $153,209 (37.6%) 0.00 45
2018-07-01 $101,750 (24.1%) $149,157 (32.6%) 0.00 44
2018-08-01 $82,700 (2.2%) $158,011 (36.9%) 0.00 45
2018-09-01 $85,000 (0.1%) $161,975 (16.4%) 0.00 43
2018-10-01 $94,500 (15.7%) $156,126 (11.9%) 0.00 43
2018-11-01 $112,300 (33.8%) $156,253 (13.0%) 0.00 38
2018-12-01 $74,700 (-21.3%) $137,528 (-8.0%) 0.00 34
2019-01-01 $80,950 (-25.9%) $138,411 (-13.7%) 0.00 34
2019-02-01 $67,000 (-40.2%) $106,959 (-32.8%) 0.00 42
2019-03-01 $79,000 (-16.8%) $115,626 (-24.2%) 0.00 48
2019-04-01 $85,250 (-16.6%) $123,509 (-12.9%) 0.00 54
2019-05-01 $77,100 (-16.7%) $119,913 (-23.3%) 0.00 58
2019-06-01 $73,250 (-18.6%) $118,209 (-22.8%) 0.00 55
2019-07-01 $69,250 (-31.9%) $125,262 (-16.0%) 0.00 49
2019-08-01 $63,500 (-23.2%) $115,168 (-27.1%) 0.00 55
2019-09-01 $61,250 (-27.9%) $112,090 (-30.8%) 0.00 57
2019-10-01 $60,625 (-35.9%) $112,092 (-28.2%) 0.00 58
2019-11-01 $74,700 (-33.5%) $111,612 (-28.6%) 0.00 60
2019-12-01 $89,900 (20.4%) $113,398 (-17.6%) 0.00 60
2020-01-01 $89,900 (11.1%) $112,767 (-18.5%) 0.00 55
2020-02-01 $71,000 (6.0%) $99,685 (-6.8%) 0.00 59
2020-03-01 $89,500 (13.3%) $108,099 (-6.5%) 0.00 52
2020-04-01 $82,250 (-3.5%) $108,418 (-12.2%) 0.00 46
2020-05-01 $85,700 (11.2%) $120,256 (0.3%) 0.00 46
2020-06-01 $85,125 (16.2%) $116,747 (-1.2%) 0.00 51
2020-07-01 $79,900 (15.4%) $116,489 (-7.0%) 0.00 55
2020-08-01 $89,750 (41.3%) $136,062 (18.1%) 0.00 49
2020-09-01 $115,200 (88.1%) $148,462 (32.5%) 0.00 45
2020-10-01 $124,500 (105.4%) $218,920 (95.3%) 0.00 44
2020-11-01 $142,425 (90.7%) $243,109 (117.8%) 0.00 44
2020-12-01 $131,000 (45.7%) $234,917 (107.2%) 0.00 39
2021-01-01 $121,750 (35.4%) $236,006 (109.3%) 0.00 36
2021-02-01 $144,000 (102.8%) $242,513 (143.3%) 0.00 31
2021-03-01 $159,000 (77.7%) $248,039 (129.5%) 0.00 30
2021-04-01 $139,450 (69.5%) $252,496 (132.9%) 0.00 29
2021-05-01 $134,500 (56.9%) $259,352 (115.7%) 0.00 31
2021-06-01 $129,500 (52.1%) $257,443 (120.5%) 0.00 33
2021-07-01 $129,450 (62.0%) $262,026 (124.9%) 0.00 37
2021-08-01 $125,925 (40.3%) $172,248 (26.6%) 0.00 37
2021-09-01 $137,725 (19.6%) $167,648 (12.9%) 0.00 32
2021-10-01 $137,000 (10.0%) $152,153 (-30.5%) 0.00 31
2021-11-01 $131,675 (-7.6%) $164,602 (-32.3%) 0.00 26
2021-12-01 $129,800 (-0.9%) $158,184 (-32.7%) 0.00 23
2022-01-01 $137,000 (12.5%) $159,310 (-32.5%) 0.00 20
2022-02-01 $120,000 (-16.7%) $147,704 (-39.1%) 0.00 15
2022-03-01 $130,000 (-18.2%) $165,386 (-33.3%) 0.00 25
2022-04-01 $145,000 (4.0%) $181,568 (-28.1%) 0.00 21
2022-05-01 $119,875 (-10.9%) $166,483 (-35.8%) 0.00 21
2022-06-01 $125,000 (-3.5%) $165,952 (-35.5%) 0.00 23
2022-07-01 $149,000 (15.1%) $176,274 (-32.7%) 0.00 25
2022-08-01 $155,000 (23.1%) $185,885 (7.9%) 0.00 27
2022-09-01 $149,450 (8.5%) $181,383 (8.2%) 0.00 29
2022-10-01 $149,450 (9.1%) $185,396 (21.9%) 0.00 34
2022-11-01 $143,440 (8.9%) $190,857 (16.0%) 0.00 30
2022-12-01 $149,450 (15.1%) $190,066 (20.2%) 0.00 27
2023-01-01 $152,450 (11.3%) $190,373 (19.5%) 0.00 26
2023-02-01 $144,125 (20.1%) $173,533 (17.5%) 0.00 24
2023-03-01 $140,250 (7.9%) $174,678 (5.6%) 0.00 21
2023-04-01 $127,170 (-12.3%) $156,061 (-14.1%) 0.00 22
2023-05-01 $143,440 (19.7%) $161,542 (-3.0%) 0.00 23
2023-06-01 $135,810 (8.7%) $158,455 (-4.5%) 0.00 26
2023-07-01 $136,670 (-8.3%) $161,061 (-8.6%) 0.00 20
2023-08-01 $124,900 (-19.4%) $152,018 (-18.2%) 0.00 21
2023-09-01 $134,250 (-10.2%) $146,157 (-19.4%) 0.00 24
2023-10-01 $149,000 (-0.3%) $142,878 (-22.9%) 0.00 22
2023-11-01 $144,250 (0.6%) $135,511 (-29.0%) 0.00 24
2023-12-01 $149,900 (0.3%) $145,853 (-23.3%) 0.00 19
2024-01-01 $140,500 (-7.8%) $143,493 (-24.6%) 0.00 16
2024-02-01 $128,500 (-10.8%) $140,330 (-19.1%) 0.00 18
Bennettsville's median listing price for 2024-02-01 was $128,500, a difference of $-15,625 (-10.8%) versus the prior year and $-12,000 versus the prior month.

Bennettsville's median listing price comes in at 0% of the national average.

Bennettsville's average listing price for 2024-02-01 was $140,330, a difference of $-33,203 (-19.1%) versus the prior year and $-3,163 versus the prior month.

For the 2024-02-01 period, Bennettsville had 18 MLS listings, a difference of 2 listings (13%) versus the prior month and -6 listings (-25%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Bennettsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,889 sqft
2018-02-01 0 days 1,871 sqft
2018-03-01 0 days 1,782 sqft
2018-04-01 0 days 1,861 sqft
2018-05-01 0 days 1,778 sqft
2018-06-01 0 days 1,876 sqft
2018-07-01 0 days 1,943 sqft
2018-08-01 0 days 1,799 sqft
2018-09-01 0 days 1,808 sqft
2018-10-01 0 days 1,801 sqft
2018-11-01 0 days 1,815 sqft
2018-12-01 0 days 1,804 sqft
2019-01-01 0 days 1,825 sqft
2019-02-01 0 days 1,741 sqft
2019-03-01 0 days 1,797 sqft
2019-04-01 0 days 1,782 sqft
2019-05-01 0 days 1,755 sqft
2019-06-01 0 days 1,737 sqft
2019-07-01 0 days 1,705 sqft
2019-08-01 0 days 1,654 sqft
2019-09-01 0 days 1,638 sqft
2019-10-01 0 days 1,627 sqft
2019-11-01 0 days 1,700 sqft
2019-12-01 0 days 1,748 sqft
2020-01-01 0 days 1,748 sqft
2020-02-01 0 days 1,683 sqft
2020-03-01 0 days 1,767 sqft
2020-04-01 0 days 1,718 sqft
2020-05-01 0 days 1,718 sqft
2020-06-01 0 days 1,635 sqft
2020-07-01 0 days 1,651 sqft
2020-08-01 0 days 1,752 sqft
2020-09-01 0 days 1,971 sqft
2020-10-01 0 days 2,000 sqft
2020-11-01 0 days 2,200 sqft
2020-12-01 0 days 1,690 sqft
2021-01-01 0 days 1,544 sqft
2021-02-01 0 days 1,692 sqft
2021-03-01 0 days 1,752 sqft
2021-04-01 0 days 1,823 sqft
2021-05-01 0 days 1,925 sqft
2021-06-01 0 days 1,878 sqft
2021-07-01 0 days 1,735 sqft
2021-08-01 0 days 1,818 sqft
2021-09-01 0 days 1,800 sqft
2021-10-01 0 days 1,600 sqft
2021-11-01 0 days 1,735 sqft
2021-12-01 0 days 1,753 sqft
2022-01-01 0 days 1,602 sqft
2022-02-01 0 days 1,508 sqft
2022-03-01 0 days 1,589 sqft
2022-04-01 0 days 1,936 sqft
2022-05-01 0 days 1,581 sqft
2022-06-01 0 days 1,643 sqft
2022-07-01 0 days 1,898 sqft
2022-08-01 0 days 1,843 sqft
2022-09-01 0 days 1,822 sqft
2022-10-01 0 days 1,831 sqft
2022-11-01 0 days 1,886 sqft
2022-12-01 0 days 1,771 sqft
2023-01-01 0 days 1,728 sqft
2023-02-01 0 days 1,680 sqft
2023-03-01 0 days 1,749 sqft
2023-04-01 0 days 1,736 sqft
2023-05-01 0 days 1,718 sqft
2023-06-01 0 days 1,718 sqft
2023-07-01 0 days 1,705 sqft
2023-08-01 0 days 1,778 sqft
2023-09-01 0 days 1,486 sqft
2023-10-01 0 days 1,624 sqft
2023-11-01 0 days 1,556 sqft
2023-12-01 0 days 1,625 sqft
2024-01-01 0 days 1,578 sqft
2024-02-01 0 days 1,610 sqft
Bennettsville's median listing age (time on market) for 2024-02-01 was 0 days.

Bennettsville's median square footage for active listings during the 2024-02-01 period was 1,610 sqft. One year prior, the average listing was 1,680 sqft.