Charleston USDA Loan Rates, Closing Costs & Stats
CHARLESTON, WV
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.
Charleston's 20 lenders originated 80 USDA loans during 2023. The total origination value was $11,140,000, with an average USDA loan value of $139,250.
Charleston USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Charleston
averaged
6.63%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Charleston's average USDA mortgage closing costs are $4,411.
The average rate for the prior week (2025-02-07) was
6.59% and
one month ago for the week of 2025-01-10, the
average rate was 6.54%.
The average rate one year ago was 6.33%.
For refis of the same type during the week of 2025-02-14, the average rate
was 7.44%.
Charleston 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 Charleston level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Gateway First Bank | 20 | 6.58% | $4,812 |
| SUCCESS MORTGAGE PARTNERS, INC. | 8 | 6.86% | $6,451 |
| MOVEMENT MORTGAGE, LLC | 8 | 6.72% | $6,168 |
| Victorian Finance, LLC | 6 | 6.83% | $5,356 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 6 | 6.62% | $5,581 |
| GUARANTEED RATE, INC. | 4 | 7.00% | $6,265 |
| UNION HOME MORTGAGE CORP. | 4 | 6.56% | $6,052 |
| LOANDEPOT.COM, LLC | 3 | 6.46% | $6,624 |
| POLARIS HOME FUNDING CORP. | 3 | 6.50% | $7,505 |
| U.S. Bank | 3 | 6.92% | $4,175 |
| CROSSCOUNTRY MORTGAGE, LLC | 2 | 7.19% | $8,132 |
| Peoples Bank | 1 | 6.13% | $6,271 |
| AMERICAN FINANCIAL RESOURCES, INC. | 1 | 6.75% | $6,217 |
| BROKER SOLUTIONS, INC. | 1 | 6.75% | $7,048 |
| Barrington Bank & Trust Company, N.A. | 1 | 7.75% | $5,784 |
| Truist | 1 | 5.25% | $3,780 |
| Bank of England | 1 | 7.25% | $6,910 |
| Equity Prime Mortgage LLC | 1 | 6.38% | $5,341 |
| Alcova Mortgage LLC | 1 | 6.75% | $4,976 |
| HOMESPIRE MORTGAGE CORPORATION | 1 | 5.75% | $9,562 |
The top Charleston USDA lender as defined by loan originations is Gateway First Bank, with
20 USDA loans originated. Their average total fees are
$4,812, which is $1,639
lower than the next largest lender,
SUCCESS MORTGAGE PARTNERS, INC..
The lowest fee Charleston USDA lenders (with over 10 loans originated) are
Gateway First Bank ($4,812), .
The lowest rate Charleston USDA lenders (with over 10 loans originated) are
Gateway First Bank (6.58%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Charleston (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 | $136,250 (-1.5%) | $213,938 (-0.2%) | 0.51 | 1,039 |
| 2018-02-01 | $138,800 (-0.8%) | $217,388 (-1.6%) | 0.51 | 1,027 |
| 2018-03-01 | $139,900 (0.2%) | $221,839 (-0.5%) | 0.49 | 1,031 |
| 2018-04-01 | $145,000 (2.8%) | $229,603 (0.9%) | 0.49 | 1,062 |
| 2018-05-01 | $141,975 (1.5%) | $225,352 (0.0%) | 0.48 | 1,113 |
| 2018-06-01 | $142,950 (-1.4%) | $225,923 (1.3%) | 0.48 | 1,160 |
| 2018-07-01 | $145,000 (-1.5%) | $227,877 (2.6%) | 0.48 | 1,200 |
| 2018-08-01 | $145,000 (-2.3%) | $229,173 (3.1%) | 0.49 | 1,214 |
| 2018-09-01 | $145,000 (-1.2%) | $231,174 (5.1%) | 0.49 | 1,239 |
| 2018-10-01 | $145,000 (0.0%) | $233,491 (7.6%) | 0.51 | 1,182 |
| 2018-11-01 | $144,950 (3.5%) | $238,165 (10.5%) | 0.51 | 1,142 |
| 2018-12-01 | $143,450 (2.5%) | $235,565 (8.7%) | 0.50 | 1,076 |
| 2019-01-01 | $146,950 (7.9%) | $236,849 (10.7%) | 0.51 | 1,013 |
| 2019-02-01 | $149,000 (7.4%) | $241,737 (11.2%) | 0.50 | 1,009 |
| 2019-03-01 | $149,429 (6.8%) | $242,187 (9.2%) | 0.49 | 1,004 |
| 2019-04-01 | $149,929 (3.4%) | $243,910 (6.2%) | 0.48 | 995 |
| 2019-05-01 | $149,900 (5.6%) | $247,123 (9.7%) | 0.47 | 1,042 |
| 2019-06-01 | $149,900 (4.9%) | $245,824 (8.8%) | 0.47 | 1,100 |
| 2019-07-01 | $149,450 (3.1%) | $235,900 (3.5%) | 0.47 | 1,126 |
| 2019-08-01 | $147,245 (1.6%) | $228,653 (-0.2%) | 0.47 | 1,116 |
| 2019-09-01 | $148,739 (2.6%) | $228,452 (-1.2%) | 0.48 | 1,095 |
| 2019-10-01 | $149,900 (3.4%) | $228,318 (-2.2%) | 0.48 | 1,080 |
| 2019-11-01 | $149,000 (2.8%) | $225,435 (-5.3%) | 0.49 | 1,059 |
| 2019-12-01 | $148,600 (3.6%) | $229,266 (-2.7%) | 0.49 | 1,011 |
| 2020-01-01 | $146,625 (-0.2%) | $234,548 (-1.0%) | 0.48 | 953 |
| 2020-02-01 | $149,000 (0.0%) | $236,439 (-2.2%) | 0.47 | 906 |
| 2020-03-01 | $151,950 (1.7%) | $244,815 (1.1%) | 0.47 | 878 |
| 2020-04-01 | $158,225 (5.5%) | $247,686 (1.6%) | 0.49 | 827 |
| 2020-05-01 | $165,000 (10.1%) | $262,282 (6.1%) | 0.49 | 738 |
| 2020-06-01 | $162,848 (8.6%) | $262,424 (6.8%) | 0.47 | 722 |
| 2020-07-01 | $161,200 (7.9%) | $266,504 (13.0%) | 0.46 | 711 |
| 2020-08-01 | $164,900 (12.0%) | $268,816 (17.6%) | 0.46 | 686 |
| 2020-09-01 | $159,675 (7.4%) | $267,023 (16.9%) | 0.46 | 663 |
| 2020-10-01 | $159,950 (6.7%) | $266,457 (16.7%) | 0.46 | 653 |
| 2020-11-01 | $154,500 (3.7%) | $254,991 (13.1%) | 0.45 | 526 |
| 2020-12-01 | $149,500 (0.6%) | $238,932 (4.2%) | 0.45 | 494 |
| 2021-01-01 | $142,500 (-2.8%) | $237,861 (1.4%) | 0.43 | 446 |
| 2021-02-01 | $139,000 (-6.7%) | $232,091 (-1.8%) | 0.40 | 405 |
| 2021-03-01 | $136,875 (-9.9%) | $232,610 (-5.0%) | 0.39 | 364 |
| 2021-04-01 | $135,000 (-14.7%) | $253,769 (2.5%) | 0.37 | 321 |
| 2021-05-01 | $139,900 (-15.2%) | $253,908 (-3.2%) | 0.37 | 340 |
| 2021-06-01 | $139,900 (-14.1%) | $224,801 (-14.3%) | 0.38 | 348 |
| 2021-07-01 | $144,500 (-10.4%) | $214,249 (-19.6%) | 0.40 | 349 |
| 2021-08-01 | $139,600 (-15.3%) | $206,532 (-23.2%) | 0.37 | 377 |
| 2021-09-01 | $143,194 (-10.3%) | $204,812 (-23.3%) | 0.40 | 394 |
| 2021-10-01 | $139,950 (-12.5%) | $197,510 (-25.9%) | 0.38 | 441 |
| 2021-11-01 | $141,500 (-8.4%) | $202,730 (-20.5%) | 0.38 | 398 |
| 2021-12-01 | $149,450 (0.0%) | $201,800 (-15.5%) | 0.41 | 383 |
| 2022-01-01 | $139,950 (-1.8%) | $200,081 (-15.9%) | 0.39 | 345 |
| 2022-02-01 | $148,900 (7.1%) | $226,643 (-2.4%) | 0.39 | 302 |
| 2022-03-01 | $142,250 (3.9%) | $231,366 (-0.5%) | 0.36 | 269 |
| 2022-04-01 | $145,000 (7.4%) | $235,925 (-7.0%) | 0.35 | 255 |
| 2022-05-01 | $151,250 (8.1%) | $234,489 (-7.7%) | 0.35 | 276 |
| 2022-06-01 | $150,180 (7.4%) | $218,174 (-3.0%) | 0.33 | 314 |
| 2022-07-01 | $153,250 (6.1%) | $220,549 (2.9%) | 0.34 | 350 |
| 2022-08-01 | $140,750 (0.8%) | $206,820 (0.1%) | 0.33 | 351 |
| 2022-09-01 | $148,000 (3.4%) | $205,364 (0.3%) | 0.35 | 343 |
| 2022-10-01 | $145,000 (3.6%) | $201,940 (2.2%) | 0.35 | 364 |
| 2022-11-01 | $140,500 (-0.7%) | $198,578 (-2.1%) | 0.35 | 359 |
| 2022-12-01 | $139,000 (-7.0%) | $195,450 (-3.2%) | 0.35 | 348 |
| 2023-01-01 | $141,696 (1.3%) | $191,806 (-4.1%) | 0.36 | 320 |
| 2023-02-01 | $142,500 (-4.3%) | $208,328 (-8.1%) | 0.35 | 280 |
| 2023-03-01 | $149,950 (5.4%) | $232,249 (0.4%) | 0.36 | 277 |
| 2023-04-01 | $149,900 (3.4%) | $231,601 (-1.8%) | 0.35 | 244 |
| 2023-05-01 | $169,000 (11.7%) | $239,268 (2.0%) | 0.38 | 257 |
| 2023-06-01 | $169,325 (12.8%) | $243,196 (11.5%) | 0.38 | 272 |
| 2023-07-01 | $166,495 (8.6%) | $241,109 (9.3%) | 0.39 | 288 |
| 2023-08-01 | $152,475 (8.3%) | $227,913 (10.2%) | 0.37 | 301 |
| 2023-09-01 | $164,900 (11.4%) | $218,360 (6.3%) | 0.40 | 301 |
| 2023-10-01 | $152,450 (5.1%) | $203,860 (1.0%) | 0.37 | 316 |
| 2023-11-01 | $142,875 (1.7%) | $204,067 (2.8%) | 0.35 | 307 |
| 2023-12-01 | $152,450 (9.7%) | $216,797 (10.9%) | 0.39 | 295 |
| 2024-01-01 | $157,750 (11.3%) | $213,508 (11.3%) | 0.41 | 265 |
| 2024-02-01 | $148,025 (3.9%) | $211,953 (1.7%) | 0.37 | 279 |
| 2024-03-01 | $155,000 (3.4%) | $235,671 (1.5%) | 0.39 | 273 |
| 2024-04-01 | $152,450 (1.7%) | $230,535 (-0.5%) | 0.36 | 277 |
| 2024-05-01 | $148,675 (-12.0%) | $226,901 (-5.2%) | 0.35 | 288 |
| 2024-06-01 | $162,000 (-4.3%) | $238,361 (-2.0%) | 0.38 | 305 |
| 2024-07-01 | $161,375 (-3.1%) | $238,811 (-1.0%) | 0.38 | 338 |
| 2024-08-01 | $164,200 (7.7%) | $232,360 (2.0%) | 0.40 | 349 |
| 2024-09-01 | $167,100 (1.3%) | $222,017 (1.7%) | 0.42 | 363 |
| 2024-10-01 | $172,450 (13.1%) | $225,034 (10.4%) | 0.42 | 377 |
| 2024-11-01 | $175,000 (22.5%) | $227,487 (11.5%) | 0.44 | 372 |
| 2024-12-01 | $175,000 (14.8%) | $231,873 (7.0%) | 0.45 | 369 |
| 2025-01-01 | $162,450 (3.0%) | $217,841 (2.0%) | 0.00 | 344 |
Charleston's median listing price comes in at 0% of the national average.
Charleston's average listing price for 2025-01-01 was $217,841, a difference of $4,333 (2.0%) versus the prior year and $-14,032 versus the prior month.
For the 2025-01-01 period, Charleston had 344 MLS listings, a difference of -25 listings (-7%) versus the prior month and 79 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Charleston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 100 days | 1,812 sqft |
| 2018-02-01 | 102 days | 1,822 sqft |
| 2018-03-01 | 92 days | 1,850 sqft |
| 2018-04-01 | 77 days | 1,880 sqft |
| 2018-05-01 | 72 days | 1,846 sqft |
| 2018-06-01 | 73 days | 1,850 sqft |
| 2018-07-01 | 79 days | 1,862 sqft |
| 2018-08-01 | 84 days | 1,894 sqft |
| 2018-09-01 | 85 days | 1,842 sqft |
| 2018-10-01 | 87 days | 1,859 sqft |
| 2018-11-01 | 88 days | 1,877 sqft |
| 2018-12-01 | 95 days | 1,820 sqft |
| 2019-01-01 | 102 days | 1,824 sqft |
| 2019-02-01 | 102 days | 1,882 sqft |
| 2019-03-01 | 92 days | 1,885 sqft |
| 2019-04-01 | 80 days | 1,879 sqft |
| 2019-05-01 | 74 days | 1,848 sqft |
| 2019-06-01 | 74 days | 1,851 sqft |
| 2019-07-01 | 77 days | 1,874 sqft |
| 2019-08-01 | 82 days | 1,874 sqft |
| 2019-09-01 | 84 days | 1,883 sqft |
| 2019-10-01 | 86 days | 1,889 sqft |
| 2019-11-01 | 88 days | 1,848 sqft |
| 2019-12-01 | 95 days | 1,847 sqft |
| 2020-01-01 | 102 days | 1,845 sqft |
| 2020-02-01 | 101 days | 1,825 sqft |
| 2020-03-01 | 84 days | 1,902 sqft |
| 2020-04-01 | 81 days | 1,924 sqft |
| 2020-05-01 | 88 days | 1,950 sqft |
| 2020-06-01 | 95 days | 1,941 sqft |
| 2020-07-01 | 79 days | 1,917 sqft |
| 2020-08-01 | 73 days | 1,906 sqft |
| 2020-09-01 | 72 days | 1,874 sqft |
| 2020-10-01 | 75 days | 1,864 sqft |
| 2020-11-01 | 75 days | 1,833 sqft |
| 2020-12-01 | 77 days | 1,815 sqft |
| 2021-01-01 | 80 days | 1,810 sqft |
| 2021-02-01 | 74 days | 1,728 sqft |
| 2021-03-01 | 61 days | 1,740 sqft |
| 2021-04-01 | 61 days | 1,657 sqft |
| 2021-05-01 | 45 days | 1,682 sqft |
| 2021-06-01 | 50 days | 1,657 sqft |
| 2021-07-01 | 53 days | 1,688 sqft |
| 2021-08-01 | 51 days | 1,679 sqft |
| 2021-09-01 | 49 days | 1,703 sqft |
| 2021-10-01 | 47 days | 1,673 sqft |
| 2021-11-01 | 59 days | 1,662 sqft |
| 2021-12-01 | 70 days | 1,673 sqft |
| 2022-01-01 | 73 days | 1,647 sqft |
| 2022-02-01 | 75 days | 1,707 sqft |
| 2022-03-01 | 61 days | 1,706 sqft |
| 2022-04-01 | 52 days | 1,666 sqft |
| 2022-05-01 | 45 days | 1,692 sqft |
| 2022-06-01 | 47 days | 1,667 sqft |
| 2022-07-01 | 48 days | 1,720 sqft |
| 2022-08-01 | 51 days | 1,706 sqft |
| 2022-09-01 | 51 days | 1,621 sqft |
| 2022-10-01 | 45 days | 1,633 sqft |
| 2022-11-01 | 49 days | 1,619 sqft |
| 2022-12-01 | 60 days | 1,600 sqft |
| 2023-01-01 | 74 days | 1,606 sqft |
| 2023-02-01 | 74 days | 1,610 sqft |
| 2023-03-01 | 60 days | 1,680 sqft |
| 2023-04-01 | 50 days | 1,755 sqft |
| 2023-05-01 | 43 days | 1,815 sqft |
| 2023-06-01 | 41 days | 1,820 sqft |
| 2023-07-01 | 44 days | 1,950 sqft |
| 2023-08-01 | 43 days | 1,712 sqft |
| 2023-09-01 | 50 days | 1,750 sqft |
| 2023-10-01 | 52 days | 1,673 sqft |
| 2023-11-01 | 60 days | 1,649 sqft |
| 2023-12-01 | 64 days | 1,692 sqft |
| 2024-01-01 | 66 days | 1,669 sqft |
| 2024-02-01 | 60 days | 1,566 sqft |
| 2024-03-01 | 47 days | 1,646 sqft |
| 2024-04-01 | 45 days | 1,566 sqft |
| 2024-05-01 | 42 days | 1,541 sqft |
| 2024-06-01 | 43 days | 1,639 sqft |
| 2024-07-01 | 46 days | 1,678 sqft |
| 2024-08-01 | 46 days | 1,693 sqft |
| 2024-09-01 | 51 days | 1,639 sqft |
| 2024-10-01 | 54 days | 1,736 sqft |
| 2024-11-01 | 59 days | 1,739 sqft |
| 2024-12-01 | 64 days | 1,745 sqft |
| 2025-01-01 | 0 days | 1,682 sqft |
Charleston's median square footage for active listings during the 2025-01-01 period was 1,682 sqft. One year prior, the average listing was 1,669 sqft.