Charleston USDA Loan Rates, Closing Costs & Stats

CHARLESTON, WV

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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.

    Charleston's 21 lenders originated 60 USDA loans during 2024. The total origination value was $9,230,000, with an average USDA loan value of $153,833.

    Charleston USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Charleston averaged 6.32% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

    Charleston's average USDA mortgage closing costs are $4,537.

    The average rate for the prior week (2025-03-28) was 6.29% and one month ago for the week of 2025-02-28, the average rate was 6.44%.

    The average rate one year ago was 6.59%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.64%.

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

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Gateway First Bank 10 6.66% $5,387
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 6.69% $5,975
    MOVEMENT MORTGAGE, LLC 5 7.33% $6,888
    SUCCESS MORTGAGE PARTNERS, INC. 4 6.63% $6,863
    HOMESPIRE MORTGAGE CORPORATION 4 6.46% $6,570
    POLARIS HOME FUNDING CORP. 3 6.54% $7,900
    LOANDEPOT.COM, LLC 3 7.00% $5,515
    Equity Prime Mortgage LLC 3 6.46% $7,082
    CROSSCOUNTRY MORTGAGE, LLC 2 6.91% $6,539
    UNITED WHOLESALE MORTGAGE, LLC 2 6.44% $6,753
    GUARANTEED RATE, INC. 2 6.63% $9,052
    Victorian Finance, LLC 2 6.63% $5,297
    WesBanco 1 5.64% $5,085
    Assurance Financial Group, L.L.C. 1 6.75% $6,292
    Mortgage Research Center, LLC 1 6.38% $4,306
    Plains Commerce Bank 1 6.25% $12,347
    ROYAL UNITED MORTGAGE LLC 1 7.13% $10,548
    STOCKTON MORTGAGE CORPORATION 1 6.25% $5,868
    TOWNE MORTGAGE COMPANY 1 6.50% $6,330
    UNION HOME MORTGAGE CORP. 1 6.50% $4,440
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.63% $6,442

    The top Charleston USDA lender as defined by loan originations is Gateway First Bank, with 10 USDA loans originated. Their average total fees are $5,387, which is $588 lower than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

    The lowest fee Charleston USDA lenders (with over 10 loans originated) are Gateway First Bank ($5,387), .

    The lowest rate Charleston USDA lenders (with over 10 loans originated) are Gateway First Bank (6.66%), .

    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%) 0.50 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%) 0.47 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%) 0.49 1,182
    2018-11-01 $144,950 (3.5%) $238,165 (10.5%) 0.49 1,142
    2018-12-01 $143,450 (2.5%) $235,565 (8.7%) 0.49 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%) 0.50 1,011
    2020-01-01 $146,625 (-0.2%) $234,548 (-1.0%) 0.49 953
    2020-02-01 $149,000 (0.0%) $236,439 (-2.2%) 0.49 906
    2020-03-01 $151,950 (1.7%) $244,815 (1.1%) 0.48 878
    2020-04-01 $158,225 (5.5%) $247,686 (1.6%) 0.50 827
    2020-05-01 $165,000 (10.1%) $262,282 (6.1%) 0.50 738
    2020-06-01 $162,848 (8.6%) $262,424 (6.8%) 0.48 722
    2020-07-01 $161,200 (7.9%) $266,504 (13.0%) 0.47 711
    2020-08-01 $164,900 (12.0%) $268,816 (17.6%) 0.47 686
    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%) 0.44 494
    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%) 0.37 348
    2021-07-01 $144,500 (-10.4%) $214,249 (-19.6%) 0.38 349
    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%) 0.38 394
    2021-10-01 $139,950 (-12.5%) $197,510 (-25.9%) 0.37 441
    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%) 0.40 383
    2022-01-01 $139,950 (-1.8%) $200,081 (-15.9%) 0.38 345
    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%) 0.35 350
    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%) 0.34 364
    2022-11-01 $140,500 (-0.7%) $198,578 (-2.1%) 0.34 359
    2022-12-01 $139,000 (-7.0%) $195,450 (-3.2%) 0.34 348
    2023-01-01 $141,696 (1.3%) $191,806 (-4.1%) 0.35 320
    2023-02-01 $142,500 (-4.3%) $208,328 (-8.1%) 0.34 280
    2023-03-01 $149,950 (5.4%) $232,249 (0.4%) 0.35 277
    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%) 0.38 288
    2023-08-01 $152,475 (8.3%) $227,913 (10.2%) 0.35 301
    2023-09-01 $164,900 (11.4%) $218,360 (6.3%) 0.38 301
    2023-10-01 $152,450 (5.1%) $203,860 (1.0%) 0.36 316
    2023-11-01 $142,875 (1.7%) $204,067 (2.8%) 0.34 307
    2023-12-01 $152,450 (9.7%) $216,797 (10.9%) 0.37 295
    2024-01-01 $157,750 (11.3%) $213,508 (11.3%) 0.39 265
    2024-02-01 $148,025 (3.9%) $211,953 (1.7%) 0.36 279
    2024-03-01 $155,000 (3.4%) $235,671 (1.5%) 0.36 273
    2024-04-01 $152,450 (1.7%) $230,535 (-0.5%) 0.35 277
    2024-05-01 $148,675 (-12.0%) $226,901 (-5.2%) 0.34 288
    2024-06-01 $162,000 (-4.3%) $238,361 (-2.0%) 0.37 305
    2024-07-01 $161,375 (-3.1%) $238,811 (-1.0%) 0.37 338
    2024-08-01 $164,200 (7.7%) $232,360 (2.0%) 0.38 349
    2024-09-01 $167,100 (1.3%) $222,017 (1.7%) 0.39 363
    2024-10-01 $172,450 (13.1%) $225,034 (10.4%) 0.41 377
    2024-11-01 $175,000 (22.5%) $227,487 (11.5%) 0.42 372
    2024-12-01 $175,000 (14.8%) $231,834 (6.9%) 0.43 370
    2025-01-01 $162,450 (3.0%) $217,841 (2.0%) 0.41 344
    2025-02-01 $150,000 (1.3%) $208,529 (-1.6%) 0.36 308
    2025-03-01 $159,500 (2.9%) $214,772 (-8.9%) 0.00 287
    Charleston's median listing price for 2025-03-01 was $159,500, a difference of $4,500 (2.9%) versus the prior year and $9,500 versus the prior month.

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

    Charleston's average listing price for 2025-03-01 was $214,772, a difference of $-20,899 (-8.9%) versus the prior year and $6,243 versus the prior month.

    For the 2025-03-01 period, Charleston had 287 MLS listings, a difference of -21 listings (-7%) versus the prior month and 14 listings (5%) 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
    2018-02-01 101 days 1,822 sqft
    2018-03-01 92 days 1,850 sqft
    2018-04-01 75 days 1,880 sqft
    2018-05-01 71 days 1,846 sqft
    2018-06-01 73 days 1,850 sqft
    2018-07-01 79 days 1,862 sqft
    2018-08-01 86 days 1,894 sqft
    2018-09-01 86 days 1,842 sqft
    2018-10-01 88 days 1,859 sqft
    2018-11-01 91 days 1,877 sqft
    2018-12-01 96 days 1,820 sqft
    2019-01-01 101 days 1,824 sqft
    2019-02-01 101 days 1,882 sqft
    2019-03-01 91 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 76 days 1,874 sqft
    2019-08-01 82 days 1,874 sqft
    2019-09-01 85 days 1,883 sqft
    2019-10-01 87 days 1,889 sqft
    2019-11-01 89 days 1,848 sqft
    2019-12-01 96 days 1,847 sqft
    2020-01-01 102 days 1,845 sqft
    2020-02-01 102 days 1,825 sqft
    2020-03-01 85 days 1,902 sqft
    2020-04-01 80 days 1,924 sqft
    2020-05-01 88 days 1,950 sqft
    2020-06-01 93 days 1,941 sqft
    2020-07-01 77 days 1,917 sqft
    2020-08-01 74 days 1,906 sqft
    2020-09-01 76 days 1,874 sqft
    2020-10-01 78 days 1,864 sqft
    2020-11-01 75 days 1,833 sqft
    2020-12-01 78 days 1,815 sqft
    2021-01-01 79 days 1,810 sqft
    2021-02-01 75 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 52 days 1,679 sqft
    2021-09-01 52 days 1,703 sqft
    2021-10-01 46 days 1,673 sqft
    2021-11-01 59 days 1,662 sqft
    2021-12-01 72 days 1,673 sqft
    2022-01-01 74 days 1,647 sqft
    2022-02-01 78 days 1,707 sqft
    2022-03-01 63 days 1,706 sqft
    2022-04-01 54 days 1,666 sqft
    2022-05-01 45 days 1,692 sqft
    2022-06-01 47 days 1,667 sqft
    2022-07-01 50 days 1,720 sqft
    2022-08-01 52 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 58 days 1,680 sqft
    2023-04-01 47 days 1,755 sqft
    2023-05-01 43 days 1,815 sqft
    2023-06-01 42 days 1,820 sqft
    2023-07-01 44 days 1,950 sqft
    2023-08-01 42 days 1,712 sqft
    2023-09-01 47 days 1,750 sqft
    2023-10-01 51 days 1,673 sqft
    2023-11-01 59 days 1,649 sqft
    2023-12-01 64 days 1,692 sqft
    2024-01-01 71 days 1,669 sqft
    2024-02-01 61 days 1,566 sqft
    2024-03-01 47 days 1,646 sqft
    2024-04-01 45 days 1,566 sqft
    2024-05-01 41 days 1,541 sqft
    2024-06-01 44 days 1,639 sqft
    2024-07-01 46 days 1,678 sqft
    2024-08-01 47 days 1,693 sqft
    2024-09-01 52 days 1,639 sqft
    2024-10-01 53 days 1,736 sqft
    2024-11-01 54 days 1,739 sqft
    2024-12-01 62 days 1,744 sqft
    2025-01-01 70 days 1,682 sqft
    2025-02-01 70 days 1,630 sqft
    2025-03-01 0 days 1,600 sqft
    Charleston's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Charleston's median square footage for active listings during the 2025-03-01 period was 1,600 sqft. One year prior, the average listing was 1,646 sqft.