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 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 6.6% for the week of 2025-05-23, compared to the national average (all USDA variants) of 6.433% for the same period.

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

    The average rate for the prior week (2025-05-16) was 6.53% and one month ago for the week of 2025-04-18, the average rate was 6.32%.

    The average rate one year ago was 6.89%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.42%.

    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%), .

    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%) 1.03 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%) 1.04 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%) 0.99 5,642
    2024-06-01 $440,000 (-0.2%) $643,094 (0.2%) 1.00 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%) 1.05 6,379
    2025-02-01 $419,475 (4.9%) $570,421 (-3.4%) 1.02 6,647
    2025-03-01 $425,000 (3.4%) $590,574 (-1.1%) 1.00 7,219
    2025-04-01 $439,500 (4.0%) $613,193 (-1.7%) 1.02 8,088
    Charlotte's median listing price for 2025-04-01 was $439,500, a difference of $17,050 (4.0%) versus the prior year and $14,500 versus the prior month.

    Charlotte's median listing price comes in at 102% of the national average.

    Charlotte's average listing price for 2025-04-01 was $613,193, a difference of $-10,318 (-1.7%) versus the prior year and $22,619 versus the prior month.

    For the 2025-04-01 period, Charlotte had 8,088 MLS listings, a difference of 869 listings (12%) versus the prior month and 2,801 listings (53%) 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 56 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 47 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 39 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 35 days 2,020 sqft
    2024-06-01 40 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 67 days 1,918 sqft
    2025-02-01 56 days 1,904 sqft
    2025-03-01 43 days 1,925 sqft
    2025-04-01 42 days 1,982 sqft
    Charlotte's median listing age (time on market) for 2025-04-01 was 42 days. This is 12% longer than the same period one year ago.

    Charlotte's median square footage for active listings during the 2025-04-01 period was 1,982 sqft. One year prior, the average listing was 1,952 sqft.