Charlotte USDA Loan Rates, Closing Costs & Stats

CHARLOTTE-CONCORD-GASTONIA, NC-SC

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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.

    Charlotte's 57 lenders originated 152 USDA loans during 2024. The total origination value was $40,980,000, with an average USDA loan value of $269,605.

    Charlotte USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Charlotte averaged -0.03% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

    Charlotte's average USDA mortgage closing costs are $5,787.

    The average rate for the prior week (2025-06-13) was 6.37% and one month ago for the week of 2025-05-16, the average rate was 6.73%.

    The average rate one year ago was 6.65%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.08%.

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

    Charlotte 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 Charlotte level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 6.41% $8,177
    CROSSCOUNTRY MORTGAGE, LLC 11 6.40% $9,540
    MOVEMENT MORTGAGE, LLC 11 6.09% $9,018
    American Security Mortgage Corp. 9 5.72% $9,420
    UNITED WHOLESALE MORTGAGE, LLC 7 6.02% $10,320
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 6 6.29% $10,084
    Alcova Mortgage LLC 5 6.47% $7,472
    GUILD MORTGAGE COMPANY 5 6.40% $9,848
    First Federal Bank 4 6.47% $10,074
    Uwharrie Bank 4 6.25% $9,589
    T2 FINANCIAL LLC 4 6.59% $12,401
    Ixonia Bank 4 6.53% $9,165
    DHI MORTGAGE COMPANY, LTD. 4 5.22% $3,590
    EAGLE HOME MORTGAGE, LLC 3 5.58% $10,913
    HOWARD HANNA FINANCIAL SERVICES, INC. 3 6.50% $6,845
    HOMESIDE FINANCIAL, LLC 3 7.13% $6,481
    United Community Bank 3 5.83% $13,065
    FREEDOM MORTGAGE CORPORATION 3 6.54% $7,292
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.50% $7,032
    First-Citizens Bank & Trust Company 2 6.00% $6,552
    INSPIRE HOME LOANS INC. 2 5.38% $8,601
    NEWREZ LLC 2 6.13% $12,135
    NVR Mortgage Finance, Inc. 2 5.94% $16,077
    PLAZA HOME MORTGAGE, INC. 2 6.56% $9,069
    Renasant Bank 2 6.44% $4,809
    SeaTrust Mortgage Company 2 6.63% $8,165
    Towne Bank 2 6.13% $8,036
    UNION HOME MORTGAGE CORP. 2 5.25% $13,731
    Keystone Funding, Inc. 1 6.63% $8,870
    LEGEND LENDING CORPORATION 1 6.38% $13,330
    LOANDEPOT.COM, LLC 1 6.25% $6,337
    Magnolia Bank 1 6.87% $6,630
    MICHIGAN MUTUAL, INC. 1 6.75% $4,801
    MID AMERICA MORTGAGE, INC. 1 6.38% $24,783
    Mortgage Research Center, LLC 1 7.13% $6,605
    C & F Mortgage Corporation 1 6.88% $5,531
    NEW FED MORTGAGE, CORP. 1 5.25% $10,153
    Bank of England 1 7.25% $7,304
    TOWNE MORTGAGE COMPANY 1 5.99% $5,740
    Paramount Residential Mortgage Group, Inc. 1 6.63% $6,366
    PLANET HOME LENDING, LLC 1 6.38% $9,979
    Truist 1 6.25% $6,775
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.75% $11,841
    RAPID MORTGAGE COMPANY 1 6.25% $9,939
    AMERICAN FINANCIAL NETWORK, INC. 1 7.13% $5,202
    RESOURCE FINANCIAL SERVICES, INC. 1 5.62% $6,397
    BM Real Estate Services, Inc. 1 7.13% $7,907
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.75% $2,208
    SUMMIT FUNDING, INC. 1 5.75% $7,988
    Flagstar Bank, FSB 1 7.25% $9,362
    1ST SIGNATURE LENDING, LLC 1 4.50% $13,136
    GoPrime Mortgage, Inc. 1 6.13% $9,532
    First Palmetto Bank 1 6.00% $6,979
    Fifth Third Bank 1 6.13% $7,332
    CMG MORTGAGE, INC. 1 7.13% $5,785
    BROKER SOLUTIONS, INC. 1 5.50% $21,807
    CHURCHILL MORTGAGE CORPORATION 1 6.00% $7,795

    The top Charlotte USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 11 USDA loans originated. Their average total fees are $8,177, which is $1,364 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Charlotte USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,177), MOVEMENT MORTGAGE, LLC ($9,018), CROSSCOUNTRY MORTGAGE, LLC ($9,540), .

    The lowest rate Charlotte USDA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC (6.09%), CROSSCOUNTRY MORTGAGE, LLC (6.40%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.41%), .