Charlotte USDA Loan Rates, Closing Costs & Stats

CHARLOTTE-CONCORD-GASTONIA, NC-SC

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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.

    Charlotte's 51 lenders originated 139 USDA loans during 2023. The total origination value was $32,465,000, with an average USDA loan value of $233,561.

    Charlotte USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Charlotte averaged 6.32% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Charlotte's average USDA mortgage closing costs are $5,665.

    The average rate for the prior week (2025-02-07) was 6.28% and one month ago for the week of 2025-01-10, the average rate was 6.43%.

    The average rate one year ago was 6.52%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.55%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    MOVEMENT MORTGAGE, LLC 18 6.58% $7,868
    CROSSCOUNTRY MORTGAGE, LLC 11 6.01% $10,262
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 11 6.49% $6,771
    American Security Mortgage Corp. 10 6.08% $6,652
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 7 6.46% $10,838
    CARDINAL FINANCIAL 6 6.25% $9,108
    UNITED WHOLESALE MORTGAGE, LLC 5 6.22% $9,575
    GUILD MORTGAGE COMPANY 4 7.00% $6,969
    T2 FINANCIAL LLC 4 6.31% $9,495
    SeaTrust Mortgage Company 3 6.75% $8,474
    LOANDEPOT.COM, LLC 3 5.75% $8,891
    HOMESTAR FINANCIAL CORPORATION 3 6.42% $3,167
    First Federal Bank 2 6.06% $7,852
    PLAZA HOME MORTGAGE, INC. 2 6.88% $8,632
    Bank of England 2 6.75% $5,395
    Fifth Third Bank 2 6.38% $6,146
    NVR Mortgage Finance, Inc. 2 5.50% $6,713
    GSF Mortgage Corporation 2 6.38% $7,962
    EAGLE HOME MORTGAGE, LLC 2 5.69% $9,524
    AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.00% $10,614
    Truist 2 5.88% $10,046
    UNION HOME MORTGAGE CORP. 2 6.69% $6,667
    C & F Mortgage Corporation 2 6.56% $5,739
    DHI MORTGAGE COMPANY, LTD. 2 5.06% $3,516
    CMG MORTGAGE, INC. 2 5.63% $10,900
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 7.13% $8,614
    Uwharrie Bank 1 7.38% $5,300
    Ameris Bank 1 6.00% $10,114
    BAY EQUITY LLC 1 7.00% $4,993
    DIRECT MORTGAGE LOANS, LLC 1 6.49% $10,719
    FBC MORTGAGE, LLC 1 5.13% $6,446
    Flagstar Bank, FSB 1 6.63% $6,798
    GoPrime Mortgage, Inc. 1 6.63% $6,467
    GUARANTEED RATE, INC. 1 6.50% $9,978
    HOMESIDE FINANCIAL, LLC 1 6.63% $6,487
    HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.63% $7,519
    Keystone Funding, Inc. 1 5.75% $5,987
    MICHIGAN MUTUAL, INC. 1 6.75% $12,131
    Mortgage Research Center, LLC 1 5.99% $5,443
    Network Funding, L.P. 1 6.13% $6,515
    Northpointe Bank 1 5.75% $6,566
    ON Q FINANCIAL, INC. 1 5.88% $7,168
    OPEN MORTGAGE, LLC 1 7.13% $10,991
    RESOURCE FINANCIAL SERVICES, INC. 1 6.25% $6,811
    Sierra Pacific Mortgage Company, Inc. 1 6.13% $8,829
    South State Bank 1 5.63% $12,845
    THRIVE MORTGAGE, LLC 1 7.25% $10,434
    TJC Mortgage, Inc. 1 6.00% $14,168
    TOWNE MORTGAGE COMPANY 1 5.75% $6,078
    United Community Bank 1 6.50% $6,092
    AMERICAN FINANCIAL NETWORK, INC. 1 5.75% $10,258

    The top Charlotte USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 18 USDA loans originated. Their average total fees are $7,868, which is $2,394 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Charlotte USDA lenders (with over 10 loans originated) are American Security Mortgage Corp. ($6,652), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,771), MOVEMENT MORTGAGE, LLC ($7,868), CROSSCOUNTRY MORTGAGE, LLC ($10,262) and .

    The lowest rate Charlotte USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC (6.01%), American Security Mortgage Corp. (6.08%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.49%), MOVEMENT MORTGAGE, LLC (6.58%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Charlotte (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 $337,400 (8.9%) $436,925 (7.7%) 1.25 6,852
    2018-02-01 $338,500 (6.5%) $442,752 (6.0%) 1.23 6,887
    2018-03-01 $349,000 (5.8%) $452,250 (4.6%) 1.22 7,186
    2018-04-01 $352,908 (3.8%) $463,116 (4.3%) 1.20 7,503
    2018-05-01 $354,660 (2.1%) $468,278 (3.4%) 1.18 7,948
    2018-06-01 $352,498 (1.2%) $464,257 (1.8%) 1.18 8,422
    2018-07-01 $347,000 (0.6%) $453,436 (0.7%) 1.16 8,766
    2018-08-01 $340,000 (0.2%) $445,788 (1.1%) 1.14 8,906
    2018-09-01 $339,900 (0.7%) $443,553 (1.2%) 1.14 8,963
    2018-10-01 $333,950 (-1.2%) $436,161 (-0.7%) 1.13 9,029
    2018-11-01 $329,950 (-0.9%) $432,722 (-0.3%) 1.12 8,850
    2018-12-01 $325,000 (-2.0%) $428,622 (-0.6%) 1.12 8,315
    2019-01-01 $325,000 (-3.7%) $429,035 (-1.8%) 1.12 7,887
    2019-02-01 $329,862 (-2.6%) $439,769 (-0.7%) 1.11 7,887
    2019-03-01 $341,329 (-2.2%) $461,640 (2.1%) 1.12 7,936
    2019-04-01 $349,950 (-0.8%) $475,112 (2.6%) 1.11 8,119
    2019-05-01 $355,750 (0.3%) $478,617 (2.2%) 1.11 8,345
    2019-06-01 $358,000 (1.6%) $478,016 (3.0%) 1.12 8,498
    2019-07-01 $349,938 (0.9%) $457,855 (1.0%) 1.10 8,509
    2019-08-01 $345,100 (1.5%) $455,360 (2.2%) 1.09 8,486
    2019-09-01 $339,419 (-0.1%) $457,354 (3.1%) 1.09 8,400
    2019-10-01 $335,631 (0.5%) $449,782 (3.1%) 1.08 8,306
    2019-11-01 $334,735 (1.5%) $435,665 (0.7%) 1.10 7,815
    2019-12-01 $335,882 (3.4%) $437,118 (2.0%) 1.12 6,997
    2020-01-01 $336,650 (3.6%) $443,620 (3.4%) 1.13 6,363
    2020-02-01 $340,900 (3.4%) $460,632 (4.7%) 1.12 5,750
    2020-03-01 $349,950 (2.5%) $478,124 (3.6%) 1.10 5,977
    2020-04-01 $340,500 (-2.7%) $459,847 (-3.2%) 1.07 6,502
    2020-05-01 $352,975 (-0.8%) $485,048 (1.3%) 1.07 6,266
    2020-06-01 $367,430 (2.6%) $509,490 (6.6%) 1.08 5,334
    2020-07-01 $369,450 (5.6%) $513,583 (12.2%) 1.07 4,733
    2020-08-01 $369,900 (7.2%) $516,261 (13.4%) 1.06 4,559
    2020-09-01 $373,591 (10.1%) $520,552 (13.8%) 1.07 4,442
    2020-10-01 $368,732 (9.9%) $516,090 (14.7%) 1.06 4,333
    2020-11-01 $374,950 (12.0%) $520,068 (19.4%) 1.10 4,042
    2020-12-01 $372,244 (10.8%) $513,485 (17.5%) 1.11 3,532
    2021-01-01 $367,500 (9.2%) $508,713 (14.7%) 1.10 3,036
    2021-02-01 $362,500 (6.3%) $511,186 (11.0%) 1.06 2,639
    2021-03-01 $375,079 (7.2%) $545,249 (14.0%) 1.06 2,330
    2021-04-01 $385,000 (13.1%) $554,142 (20.5%) 1.04 2,312
    2021-05-01 $389,000 (10.2%) $550,274 (13.5%) 1.03 2,457
    2021-06-01 $388,770 (5.8%) $541,856 (6.4%) 1.02 2,784
    2021-07-01 $385,983 (4.5%) $527,944 (2.8%) 1.02 3,060
    2021-08-01 $388,044 (4.9%) $517,015 (0.2%) 1.04 3,243
    2021-09-01 $389,180 (4.2%) $524,253 (0.7%) 1.04 3,270
    2021-10-01 $398,400 (8.1%) $525,226 (1.8%) 1.06 3,216
    2021-11-01 $399,250 (6.5%) $521,501 (0.3%) 1.07 3,030
    2021-12-01 $392,000 (5.3%) $519,994 (1.3%) 1.06 2,549
    2022-01-01 $399,500 (8.7%) $529,121 (4.0%) 1.08 2,097
    2022-02-01 $398,000 (9.8%) $550,148 (7.6%) 1.03 1,801
    2022-03-01 $404,000 (7.7%) $559,327 (2.6%) 1.01 1,894
    2022-04-01 $415,000 (7.8%) $582,518 (5.1%) 0.99 2,133
    2022-05-01 $432,474 (11.2%) $597,038 (8.5%) 0.99 2,879
    2022-06-01 $445,450 (14.6%) $597,243 (10.2%) 0.99 3,649
    2022-07-01 $432,000 (11.9%) $578,406 (9.6%) 0.97 4,964
    2022-08-01 $425,000 (9.5%) $567,924 (9.9%) 0.98 5,334
    2022-09-01 $420,500 (8.1%) $567,757 (8.3%) 0.98 5,391
    2022-10-01 $415,000 (4.2%) $552,120 (5.1%) 0.98 5,672
    2022-11-01 $403,923 (1.2%) $540,255 (3.6%) 0.97 5,925
    2022-12-01 $396,795 (1.2%) $528,064 (1.6%) 0.98 5,429
    2023-01-01 $395,000 (-1.1%) $528,793 (-0.1%) 0.98 4,916
    2023-02-01 $397,324 (-0.2%) $540,358 (-1.8%) 0.96 4,367
    2023-03-01 $401,784 (-0.6%) $556,878 (-0.4%) 0.95 4,088
    2023-04-01 $425,000 (2.4%) $590,203 (1.3%) 0.99 4,010
    2023-05-01 $434,881 (0.6%) $624,514 (4.6%) 0.99 3,964
    2023-06-01 $440,725 (-1.1%) $642,110 (7.5%) 0.99 4,109
    2023-07-01 $439,900 (1.8%) $635,874 (9.9%) 1.00 4,234
    2023-08-01 $429,736 (1.1%) $620,073 (9.2%) 0.99 4,400
    2023-09-01 $425,000 (1.1%) $618,632 (9.0%) 0.99 4,628
    2023-10-01 $420,945 (1.4%) $601,747 (9.0%) 0.99 5,105
    2023-11-01 $414,945 (2.7%) $587,819 (8.8%) 0.99 5,284
    2023-12-01 $400,000 (0.8%) $572,924 (8.5%) 0.98 5,014
    2024-01-01 $400,000 (1.3%) $576,167 (9.0%) 0.98 4,621
    2024-02-01 $400,000 (0.7%) $590,764 (9.3%) 0.96 4,563
    2024-03-01 $411,000 (2.3%) $597,183 (7.2%) 0.97 4,896
    2024-04-01 $422,450 (-0.6%) $623,511 (5.6%) 0.98 5,287
    2024-05-01 $435,000 (0.0%) $643,778 (3.1%) 0.98 5,642
    2024-06-01 $440,000 (-0.2%) $643,094 (0.2%) 0.99 6,127
    2024-07-01 $439,000 (-0.2%) $624,560 (-1.8%) 1.00 6,752
    2024-08-01 $435,000 (1.2%) $621,049 (0.2%) 1.01 7,146
    2024-09-01 $430,000 (1.2%) $615,857 (-0.5%) 1.01 7,451
    2024-10-01 $429,947 (2.1%) $603,537 (0.3%) 1.01 7,456
    2024-11-01 $428,750 (3.3%) $598,623 (1.8%) 1.03 7,268
    2024-12-01 $422,450 (5.6%) $583,462 (1.8%) 1.05 6,698
    2025-01-01 $420,000 (5.0%) $576,435 (0.1%) 0.00 6,379
    Charlotte's median listing price for 2025-01-01 was $420,000, a difference of $20,000 (5.0%) versus the prior year and $-2,450 versus the prior month.

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

    Charlotte's average listing price for 2025-01-01 was $576,435, a difference of $268 (0.1%) versus the prior year and $-7,027 versus the prior month.

    For the 2025-01-01 period, Charlotte had 6,379 MLS listings, a difference of -319 listings (-5%) versus the prior month and 1,758 listings (38%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Charlotte (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 79 days 2,575 sqft
    2018-02-01 69 days 2,556 sqft
    2018-03-01 46 days 2,622 sqft
    2018-04-01 45 days 2,639 sqft
    2018-05-01 45 days 2,650 sqft
    2018-06-01 46 days 2,650 sqft
    2018-07-01 50 days 2,601 sqft
    2018-08-01 51 days 2,560 sqft
    2018-09-01 56 days 2,540 sqft
    2018-10-01 59 days 2,500 sqft
    2018-11-01 59 days 2,467 sqft
    2018-12-01 65 days 2,432 sqft
    2019-01-01 72 days 2,415 sqft
    2019-02-01 63 days 2,423 sqft
    2019-03-01 51 days 2,480 sqft
    2019-04-01 46 days 2,518 sqft
    2019-05-01 46 days 2,557 sqft
    2019-06-01 47 days 2,546 sqft
    2019-07-01 50 days 2,481 sqft
    2019-08-01 50 days 2,435 sqft
    2019-09-01 52 days 2,406 sqft
    2019-10-01 53 days 2,387 sqft
    2019-11-01 55 days 2,362 sqft
    2019-12-01 64 days 2,359 sqft
    2020-01-01 70 days 2,334 sqft
    2020-02-01 57 days 2,356 sqft
    2020-03-01 38 days 2,388 sqft
    2020-04-01 41 days 2,327 sqft
    2020-05-01 52 days 2,409 sqft
    2020-06-01 45 days 2,437 sqft
    2020-07-01 42 days 2,424 sqft
    2020-08-01 37 days 2,384 sqft
    2020-09-01 33 days 2,356 sqft
    2020-10-01 35 days 2,278 sqft
    2020-11-01 41 days 2,236 sqft
    2020-12-01 47 days 2,194 sqft
    2021-01-01 46 days 2,190 sqft
    2021-02-01 30 days 2,056 sqft
    2021-03-01 28 days 2,076 sqft
    2021-04-01 25 days 2,096 sqft
    2021-05-01 22 days 2,109 sqft
    2021-06-01 22 days 2,086 sqft
    2021-07-01 24 days 2,058 sqft
    2021-08-01 25 days 2,047 sqft
    2021-09-01 28 days 2,060 sqft
    2021-10-01 30 days 2,046 sqft
    2021-11-01 31 days 2,041 sqft
    2021-12-01 38 days 1,985 sqft
    2022-01-01 39 days 1,986 sqft
    2022-02-01 26 days 1,961 sqft
    2022-03-01 17 days 1,978 sqft
    2022-04-01 17 days 1,994 sqft
    2022-05-01 20 days 2,045 sqft
    2022-06-01 26 days 2,105 sqft
    2022-07-01 30 days 2,085 sqft
    2022-08-01 36 days 2,083 sqft
    2022-09-01 43 days 2,080 sqft
    2022-10-01 44 days 2,048 sqft
    2022-11-01 47 days 2,017 sqft
    2022-12-01 57 days 1,960 sqft
    2023-01-01 67 days 1,939 sqft
    2023-02-01 55 days 1,951 sqft
    2023-03-01 42 days 1,968 sqft
    2023-04-01 39 days 2,016 sqft
    2023-05-01 39 days 2,056 sqft
    2023-06-01 38 days 2,078 sqft
    2023-07-01 39 days 2,089 sqft
    2023-08-01 38 days 2,050 sqft
    2023-09-01 40 days 2,031 sqft
    2023-10-01 40 days 2,000 sqft
    2023-11-01 43 days 1,946 sqft
    2023-12-01 53 days 1,911 sqft
    2024-01-01 59 days 1,890 sqft
    2024-02-01 45 days 1,886 sqft
    2024-03-01 38 days 1,918 sqft
    2024-04-01 37 days 1,952 sqft
    2024-05-01 32 days 2,020 sqft
    2024-06-01 36 days 2,023 sqft
    2024-07-01 41 days 2,015 sqft
    2024-08-01 44 days 2,025 sqft
    2024-09-01 48 days 2,011 sqft
    2024-10-01 53 days 1,991 sqft
    2024-11-01 55 days 1,961 sqft
    2024-12-01 63 days 1,929 sqft
    2025-01-01 0 days 1,918 sqft
    Charlotte's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Charlotte's median square footage for active listings during the 2025-01-01 period was 1,918 sqft. One year prior, the average listing was 1,890 sqft.