Boone USDA Loan Rates, Closing Costs & Stats

Boone, 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.

    Boone's 1 lenders originated 2 USDA loans during 2023. The total origination value was $400,000, with an average USDA loan value of $200,000.

    Boone USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Boone averaged 6.23% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Boone's average USDA mortgage closing costs are $5,496.

    The average rate for the prior week (2024-12-06) was 6.36% and one month ago for the week of 2024-11-08, the average rate was 6.68%.

    The average rate one year ago was 6.75%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.3%.

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

    Boone 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 Boone level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 2 7.09% $5,914

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Boone (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 $346,375 (15.8%) $493,892 (17.7%) 0.00 708
    2018-02-01 $354,450 (19.5%) $510,990 (25.4%) 0.00 693
    2018-03-01 $374,950 (25.3%) $523,338 (26.5%) 0.00 691
    2018-04-01 $359,250 (19.8%) $516,660 (24.3%) 0.00 727
    2018-05-01 $360,975 (43.0%) $512,247 (39.2%) 0.00 778
    2018-06-01 $378,000 (90.0%) $522,783 (67.8%) 0.00 870
    2018-07-01 $289,000 (44.6%) $428,860 (35.7%) 0.00 1,297
    2018-08-01 $199,000 (-39.6%) $325,938 (-28.4%) 0.00 1,651
    2018-09-01 $199,000 (-39.7%) $327,147 (-29.1%) 0.00 1,643
    2018-10-01 $189,950 (-42.6%) $322,514 (-31.0%) 0.00 1,620
    2018-11-01 $179,125 (-45.4%) $312,033 (-32.8%) 0.00 1,569
    2018-12-01 $169,900 (-48.4%) $309,238 (-35.2%) 0.00 1,462
    2019-01-01 $159,406 (-54.0%) $301,611 (-38.9%) 0.00 1,309
    2019-02-01 $150,000 (-57.7%) $296,573 (-42.0%) 0.00 1,312
    2019-03-01 $256,714 (-31.5%) $421,427 (-19.5%) 0.00 1,007
    2019-04-01 $399,000 (11.1%) $580,398 (12.3%) 0.00 604
    2019-05-01 $393,724 (9.1%) $573,043 (11.9%) 0.00 594
    2019-06-01 $399,000 (5.6%) $579,251 (10.8%) 0.00 659
    2019-07-01 $399,000 (38.1%) $585,451 (36.5%) 0.00 691
    2019-08-01 $404,455 (103.2%) $596,066 (82.9%) 0.00 673
    2019-09-01 $412,636 (107.4%) $608,081 (85.9%) 0.00 647
    2019-10-01 $421,950 (122.1%) $618,703 (91.8%) 0.00 620
    2019-11-01 $422,450 (135.8%) $616,801 (97.7%) 0.00 542
    2019-12-01 $417,475 (145.7%) $611,010 (97.6%) 0.00 494
    2020-01-01 $421,225 (164.3%) $617,287 (104.7%) 0.00 436
    2020-02-01 $435,000 (190.0%) $630,871 (112.7%) 0.00 412
    2020-03-01 $449,000 (74.9%) $624,023 (48.1%) 0.00 418
    2020-04-01 $449,000 (12.5%) $627,508 (8.1%) 0.00 422
    2020-05-01 $450,000 (14.3%) $651,679 (13.7%) 0.00 424
    2020-06-01 $460,975 (15.5%) $661,925 (14.3%) 0.00 390
    2020-07-01 $485,250 (21.6%) $707,508 (20.9%) 0.00 333
    2020-08-01 $498,500 (23.3%) $718,827 (20.6%) 0.00 266
    2020-09-01 $499,225 (21.0%) $746,642 (22.8%) 0.00 239
    2020-10-01 $524,900 (24.4%) $754,540 (22.0%) 0.00 212
    2020-11-01 $517,500 (22.5%) $780,550 (26.6%) 0.00 192
    2020-12-01 $499,475 (19.6%) $760,322 (24.4%) 0.00 173
    2021-01-01 $499,000 (18.5%) $767,078 (24.3%) 0.00 145
    2021-02-01 $570,000 (31.0%) $905,281 (43.5%) 0.00 127
    2021-03-01 $564,725 (25.8%) $924,602 (48.2%) 0.00 111
    2021-04-01 $597,250 (33.0%) $972,938 (55.1%) 0.00 117
    2021-05-01 $632,000 (40.4%) $985,892 (51.3%) 0.00 162
    2021-06-01 $612,000 (32.8%) $920,149 (39.0%) 0.00 192
    2021-07-01 $599,450 (23.5%) $890,711 (25.9%) 0.00 215
    2021-08-01 $580,725 (16.5%) $878,825 (22.3%) 0.00 203
    2021-09-01 $593,975 (19.0%) $880,738 (18.0%) 0.00 179
    2021-10-01 $592,500 (12.9%) $811,620 (7.6%) 0.00 175
    2021-11-01 $555,950 (7.4%) $766,958 (-1.7%) 0.00 151
    2021-12-01 $596,000 (19.3%) $817,937 (7.6%) 0.00 114
    2022-01-01 $727,000 (45.7%) $1,048,855 (36.7%) 0.00 90
    2022-02-01 $712,000 (24.9%) $1,053,424 (16.4%) 0.00 87
    2022-03-01 $727,500 (28.8%) $1,064,925 (15.2%) 0.00 96
    2022-04-01 $642,450 (7.6%) $944,956 (-2.9%) 0.00 124
    2022-05-01 $638,432 (1.0%) $916,245 (-7.1%) 0.00 171
    2022-06-01 $658,500 (7.6%) $853,659 (-7.2%) 0.00 224
    2022-07-01 $658,500 (9.9%) $850,569 (-4.5%) 0.00 290
    2022-08-01 $649,925 (11.9%) $849,099 (-3.4%) 0.00 281
    2022-09-01 $699,450 (17.8%) $928,004 (5.4%) 0.00 246
    2022-10-01 $699,000 (18.0%) $933,858 (15.1%) 0.00 220
    2022-11-01 $699,000 (25.7%) $939,667 (22.5%) 0.00 212
    2022-12-01 $699,000 (17.3%) $909,155 (11.2%) 0.00 194
    2023-01-01 $716,070 (-1.5%) $945,210 (-9.9%) 0.00 163
    2023-02-01 $699,000 (-1.8%) $937,519 (-11.0%) 0.00 142
    2023-03-01 $693,500 (-4.7%) $929,255 (-12.7%) 0.00 152
    2023-04-01 $649,900 (1.2%) $888,814 (-5.9%) 0.00 176
    2023-05-01 $684,000 (7.1%) $928,081 (1.3%) 0.00 220
    2023-06-01 $675,000 (2.5%) $884,706 (3.6%) 0.00 255
    2023-07-01 $699,900 (6.3%) $935,979 (10.0%) 0.00 264
    2023-08-01 $719,225 (10.7%) $935,957 (10.2%) 0.00 260
    2023-09-01 $733,139 (4.8%) $935,889 (0.9%) 0.00 260
    2023-10-01 $698,450 (-0.1%) $931,878 (-0.2%) 0.00 268
    2023-11-01 $699,000 (0.0%) $931,497 (-0.9%) 0.00 281
    2023-12-01 $694,950 (-0.6%) $927,026 (2.0%) 0.00 279
    2024-01-01 $663,500 (-7.3%) $915,886 (-3.1%) 0.00 255
    2024-02-01 $658,500 (-5.8%) $918,474 (-2.0%) 0.00 232
    2024-03-01 $689,000 (-0.7%) $953,913 (2.7%) 0.00 231
    2024-04-01 $706,000 (8.6%) $1,008,632 (13.5%) 0.00 253
    2024-05-01 $707,000 (3.4%) $995,462 (7.3%) 0.00 286
    2024-06-01 $699,700 (3.7%) $988,518 (11.7%) 0.00 329
    2024-07-01 $699,000 (-0.1%) $964,007 (3.0%) 0.00 377
    2024-08-01 $699,000 (-2.8%) $1,005,512 (7.4%) 0.00 357
    2024-09-01 $699,000 (-4.7%) $1,009,875 (7.9%) 0.00 326
    2024-10-01 $698,875 (0.1%) $1,005,994 (8.0%) 0.00 299
    2024-11-01 $699,450 (0.1%) $1,026,963 (10.3%) 0.00 291
    Boone's median listing price for 2024-11-01 was $699,450, a difference of $450 (0.1%) versus the prior year and $575 versus the prior month.

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

    Boone's average listing price for 2024-11-01 was $1,026,963, a difference of $95,466 (10.3%) versus the prior year and $20,969 versus the prior month.

    For the 2024-11-01 period, Boone had 291 MLS listings, a difference of -8 listings (-3%) versus the prior month and 10 listings (4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Boone (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,061 sqft
    2018-02-01 0 days 2,091 sqft
    2018-03-01 0 days 2,147 sqft
    2018-04-01 0 days 2,144 sqft
    2018-05-01 0 days 2,154 sqft
    2018-06-01 0 days 2,185 sqft
    2018-07-01 0 days 2,199 sqft
    2018-08-01 0 days 2,165 sqft
    2018-09-01 0 days 2,182 sqft
    2018-10-01 0 days 2,182 sqft
    2018-11-01 0 days 2,166 sqft
    2018-12-01 0 days 2,197 sqft
    2019-01-01 0 days 2,186 sqft
    2019-02-01 0 days 2,173 sqft
    2019-03-01 0 days 2,238 sqft
    2019-04-01 0 days 2,234 sqft
    2019-05-01 0 days 2,169 sqft
    2019-06-01 0 days 2,210 sqft
    2019-07-01 0 days 2,297 sqft
    2019-08-01 0 days 2,327 sqft
    2019-09-01 0 days 2,368 sqft
    2019-10-01 0 days 2,407 sqft
    2019-11-01 0 days 2,372 sqft
    2019-12-01 0 days 2,305 sqft
    2020-01-01 0 days 2,332 sqft
    2020-02-01 0 days 2,400 sqft
    2020-03-01 0 days 2,327 sqft
    2020-04-01 0 days 2,298 sqft
    2020-05-01 0 days 2,352 sqft
    2020-06-01 0 days 2,378 sqft
    2020-07-01 0 days 2,526 sqft
    2020-08-01 0 days 2,534 sqft
    2020-09-01 0 days 2,513 sqft
    2020-10-01 0 days 2,406 sqft
    2020-11-01 0 days 2,408 sqft
    2020-12-01 0 days 2,365 sqft
    2021-01-01 0 days 2,278 sqft
    2021-02-01 0 days 2,538 sqft
    2021-03-01 0 days 2,418 sqft
    2021-04-01 0 days 2,502 sqft
    2021-05-01 0 days 2,605 sqft
    2021-06-01 0 days 2,583 sqft
    2021-07-01 0 days 2,533 sqft
    2021-08-01 0 days 2,402 sqft
    2021-09-01 0 days 2,358 sqft
    2021-10-01 0 days 2,172 sqft
    2021-11-01 0 days 2,037 sqft
    2021-12-01 0 days 2,130 sqft
    2022-01-01 0 days 2,443 sqft
    2022-02-01 0 days 2,218 sqft
    2022-03-01 0 days 2,231 sqft
    2022-04-01 0 days 2,167 sqft
    2022-05-01 0 days 2,214 sqft
    2022-06-01 0 days 2,222 sqft
    2022-07-01 0 days 2,170 sqft
    2022-08-01 0 days 2,143 sqft
    2022-09-01 0 days 2,193 sqft
    2022-10-01 0 days 2,187 sqft
    2022-11-01 0 days 2,133 sqft
    2022-12-01 0 days 2,116 sqft
    2023-01-01 0 days 2,095 sqft
    2023-02-01 0 days 2,025 sqft
    2023-03-01 0 days 2,040 sqft
    2023-04-01 0 days 1,972 sqft
    2023-05-01 0 days 2,003 sqft
    2023-06-01 0 days 2,024 sqft
    2023-07-01 0 days 2,131 sqft
    2023-08-01 0 days 2,224 sqft
    2023-09-01 0 days 2,164 sqft
    2023-10-01 0 days 2,140 sqft
    2023-11-01 0 days 2,098 sqft
    2023-12-01 0 days 2,073 sqft
    2024-01-01 0 days 2,006 sqft
    2024-02-01 0 days 1,954 sqft
    2024-03-01 0 days 2,076 sqft
    2024-04-01 0 days 2,153 sqft
    2024-05-01 0 days 2,095 sqft
    2024-06-01 0 days 2,130 sqft
    2024-07-01 0 days 2,128 sqft
    2024-08-01 0 days 2,196 sqft
    2024-09-01 0 days 2,168 sqft
    2024-10-01 0 days 2,205 sqft
    2024-11-01 0 days 2,104 sqft
    Boone's median listing age (time on market) for 2024-11-01 was 0 days.

    Boone's median square footage for active listings during the 2024-11-01 period was 2,104 sqft. One year prior, the average listing was 2,098 sqft.