Charlottesville USDA Loan Rates, Closing Costs & Stats

CHARLOTTESVILLE, VA

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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.

    Charlottesville's 17 lenders originated 28 USDA loans during 2023. The total origination value was $7,460,000, with an average USDA loan value of $266,429.

    Charlottesville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Charlottesville averaged 6.18% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Charlottesville's average USDA mortgage closing costs are $6,183.

    The average rate for the prior week (2025-02-07) was 6.14% and one month ago for the week of 2025-01-10, the average rate was 6.29%.

    The average rate one year ago was 6.38%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.94%.

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

    Charlottesville 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 Charlottesville level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 5 6.33% $10,826
    UNITED WHOLESALE MORTGAGE, LLC 3 6.41% $8,104
    CBM Mortgage, Inc. 2 6.63% $7,905
    C & F Mortgage Corporation 2 7.19% $5,592
    Waterstone Mortgage Corporation 2 6.63% $11,935
    Atlantic Coast Mortgage, LLC 2 6.13% $9,381
    Integrity Home Mortgage Corp 2 6.38% $7,466
    GUILD MORTGAGE COMPANY 1 5.63% $5,791
    Alcova Mortgage LLC 1 7.00% $7,704
    INTERCOASTAL MORTGAGE COMPANY 1 6.13% $8,109
    NATION ONE MORTGAGE CORPORATION 1 6.75% $6,768
    NVR Mortgage Finance, Inc. 1 5.99% $9,478
    PLAZA HOME MORTGAGE, INC. 1 7.25% $7,150
    Towne First Mortgage, LLC 1 6.13% $7,512
    FIRST HOME MORTGAGE CORPORATION 1 5.50% $7,409
    Virginia Credit Union, Inc. 1 6.63% $4,434
    GUARANTY HOME MORTGAGE CORPORATION 1 6.63% $6,641

    The top Charlottesville USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 5 USDA loans originated. Their average total fees are $10,826, which is $2,723 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Charlottesville USDA lenders (with over 10 loans originated) are .

    The lowest rate Charlottesville USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Charlottesville (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 $409,945 (5.1%) $580,123 (3.7%) 1.52 1,062
    2018-02-01 $401,220 (1.0%) $565,367 (-1.8%) 1.45 1,094
    2018-03-01 $399,900 (1.1%) $591,964 (0.1%) 1.40 1,250
    2018-04-01 $399,945 (0.0%) $576,749 (-2.6%) 1.36 1,383
    2018-05-01 $399,968 (-2.7%) $573,755 (-3.7%) 1.34 1,463
    2018-06-01 $399,900 (-2.5%) $583,215 (-1.3%) 1.33 1,493
    2018-07-01 $399,900 (-2.5%) $573,599 (-2.3%) 1.34 1,477
    2018-08-01 $399,700 (-4.3%) $604,269 (4.7%) 1.34 1,453
    2018-09-01 $399,000 (-4.8%) $584,376 (0.5%) 1.34 1,482
    2018-10-01 $394,950 (-7.5%) $583,849 (-1.3%) 1.33 1,495
    2018-11-01 $399,431 (-5.3%) $587,304 (2.0%) 1.35 1,350
    2018-12-01 $391,200 (-5.5%) $551,086 (-4.8%) 1.34 1,180
    2019-01-01 $396,681 (-3.2%) $564,092 (-2.8%) 1.36 1,102
    2019-02-01 $404,698 (0.9%) $590,215 (4.4%) 1.36 1,134
    2019-03-01 $429,114 (7.3%) $612,097 (3.4%) 1.40 1,259
    2019-04-01 $434,738 (8.7%) $634,855 (10.1%) 1.38 1,389
    2019-05-01 $443,445 (10.9%) $638,119 (11.2%) 1.39 1,458
    2019-06-01 $429,900 (7.5%) $609,562 (4.5%) 1.34 1,457
    2019-07-01 $429,900 (7.5%) $616,102 (7.4%) 1.35 1,447
    2019-08-01 $429,723 (7.5%) $613,386 (1.5%) 1.36 1,432
    2019-09-01 $429,457 (7.6%) $607,297 (3.9%) 1.37 1,429
    2019-10-01 $429,405 (8.7%) $592,377 (1.5%) 1.39 1,420
    2019-11-01 $425,198 (6.5%) $584,925 (-0.4%) 1.39 1,296
    2019-12-01 $424,950 (8.6%) $589,355 (6.9%) 1.42 1,118
    2020-01-01 $439,725 (10.9%) $617,128 (9.4%) 1.47 1,019
    2020-02-01 $449,000 (11.0%) $636,193 (7.8%) 1.47 1,038
    2020-03-01 $452,144 (5.4%) $635,275 (3.8%) 1.42 1,096
    2020-04-01 $454,923 (4.6%) $640,726 (0.9%) 1.42 1,105
    2020-05-01 $467,900 (5.5%) $647,763 (1.5%) 1.42 1,108
    2020-06-01 $474,950 (10.5%) $662,521 (8.7%) 1.41 1,012
    2020-07-01 $479,895 (11.6%) $670,089 (8.8%) 1.40 947
    2020-08-01 $479,600 (11.6%) $697,784 (13.8%) 1.38 847
    2020-09-01 $493,700 (15.0%) $720,442 (18.6%) 1.42 774
    2020-10-01 $489,900 (14.1%) $721,761 (21.8%) 1.40 731
    2020-11-01 $487,250 (14.6%) $826,784 (41.4%) 1.43 670
    2020-12-01 $481,900 (13.4%) $828,957 (40.7%) 1.45 570
    2021-01-01 $479,000 (8.9%) $868,807 (40.8%) 1.46 499
    2021-02-01 $516,549 (15.0%) $922,898 (45.1%) 1.50 423
    2021-03-01 $499,425 (10.5%) $904,255 (42.3%) 1.42 454
    2021-04-01 $492,000 (8.2%) $896,981 (40.0%) 1.33 439
    2021-05-01 $481,495 (2.9%) $881,078 (36.0%) 1.27 471
    2021-06-01 $490,623 (3.3%) $795,574 (20.1%) 1.28 468
    2021-07-01 $464,990 (-3.1%) $746,752 (11.4%) 1.23 488
    2021-08-01 $461,224 (-3.8%) $755,748 (8.3%) 1.23 479
    2021-09-01 $482,470 (-2.3%) $772,102 (7.2%) 1.29 485
    2021-10-01 $499,000 (1.9%) $846,637 (17.3%) 1.33 446
    2021-11-01 $512,425 (5.2%) $907,508 (9.8%) 1.36 374
    2021-12-01 $499,950 (3.8%) $881,794 (6.4%) 1.35 330
    2022-01-01 $544,267 (13.6%) $987,173 (13.6%) 1.47 267
    2022-02-01 $556,200 (7.7%) $981,053 (6.3%) 1.44 261
    2022-03-01 $514,950 (3.1%) $869,759 (-3.8%) 1.29 304
    2022-04-01 $509,900 (3.6%) $860,557 (-4.1%) 1.22 341
    2022-05-01 $509,212 (5.8%) $869,923 (-1.3%) 1.16 444
    2022-06-01 $520,205 (6.0%) $900,348 (13.2%) 1.16 485
    2022-07-01 $513,110 (10.4%) $926,967 (24.1%) 1.14 528
    2022-08-01 $499,948 (8.4%) $887,764 (17.5%) 1.16 506
    2022-09-01 $499,000 (3.4%) $875,741 (13.4%) 1.17 515
    2022-10-01 $499,900 (0.2%) $893,274 (5.5%) 1.18 551
    2022-11-01 $499,495 (-2.5%) $876,098 (-3.5%) 1.20 551
    2022-12-01 $524,900 (5.0%) $876,549 (-0.6%) 1.30 506
    2023-01-01 $542,400 (-0.3%) $901,031 (-8.7%) 1.34 461
    2023-02-01 $569,850 (2.5%) $949,862 (-3.2%) 1.38 449
    2023-03-01 $584,900 (13.6%) $933,633 (7.3%) 1.38 469
    2023-04-01 $565,000 (10.8%) $891,364 (3.6%) 1.32 523
    2023-05-01 $562,941 (10.6%) $874,511 (0.5%) 1.27 518
    2023-06-01 $570,938 (9.8%) $895,319 (-0.6%) 1.28 513
    2023-07-01 $574,950 (12.1%) $884,973 (-4.5%) 1.31 499
    2023-08-01 $573,650 (14.7%) $887,936 (0.0%) 1.31 493
    2023-09-01 $553,488 (10.9%) $885,305 (1.1%) 1.28 505
    2023-10-01 $550,000 (10.0%) $878,354 (-1.7%) 1.29 538
    2023-11-01 $562,043 (12.5%) $857,641 (-2.1%) 1.34 542
    2023-12-01 $562,495 (7.2%) $837,113 (-4.5%) 1.37 476
    2024-01-01 $565,590 (4.3%) $828,981 (-8.0%) 1.38 435
    2024-02-01 $561,275 (-1.5%) $867,277 (-8.7%) 1.35 437
    2024-03-01 $594,925 (1.7%) $933,462 (0.0%) 1.40 452
    2024-04-01 $587,399 (4.0%) $936,640 (5.1%) 1.37 487
    2024-05-01 $613,725 (9.0%) $1,003,099 (14.7%) 1.42 517
    2024-06-01 $594,950 (4.2%) $981,828 (9.7%) 1.35 554
    2024-07-01 $598,200 (4.0%) $993,867 (12.3%) 1.37 546
    2024-08-01 $599,000 (4.4%) $990,292 (11.5%) 1.39 556
    2024-09-01 $567,500 (2.5%) $975,248 (10.2%) 1.35 582
    2024-10-01 $554,500 (0.8%) $918,841 (4.6%) 1.30 615
    2024-11-01 $550,000 (-2.1%) $913,115 (6.5%) 1.32 589
    2024-12-01 $532,950 (-5.3%) $914,734 (9.3%) 1.33 470
    2025-01-01 $547,750 (-3.2%) $965,538 (16.5%) 0.00 427
    Charlottesville's median listing price for 2025-01-01 was $547,750, a difference of $-17,840 (-3.2%) versus the prior year and $14,800 versus the prior month.

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

    Charlottesville's average listing price for 2025-01-01 was $965,538, a difference of $136,557 (16.5%) versus the prior year and $50,804 versus the prior month.

    For the 2025-01-01 period, Charlottesville had 427 MLS listings, a difference of -43 listings (-9%) versus the prior month and -8 listings (-2%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Charlottesville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 106 days 2,394 sqft
    2018-02-01 83 days 2,366 sqft
    2018-03-01 53 days 2,372 sqft
    2018-04-01 51 days 2,371 sqft
    2018-05-01 55 days 2,390 sqft
    2018-06-01 65 days 2,378 sqft
    2018-07-01 80 days 2,380 sqft
    2018-08-01 87 days 2,366 sqft
    2018-09-01 90 days 2,350 sqft
    2018-10-01 92 days 2,368 sqft
    2018-11-01 95 days 2,374 sqft
    2018-12-01 105 days 2,299 sqft
    2019-01-01 111 days 2,314 sqft
    2019-02-01 103 days 2,360 sqft
    2019-03-01 75 days 2,397 sqft
    2019-04-01 53 days 2,407 sqft
    2019-05-01 58 days 2,439 sqft
    2019-06-01 71 days 2,403 sqft
    2019-07-01 77 days 2,413 sqft
    2019-08-01 80 days 2,421 sqft
    2019-09-01 80 days 2,429 sqft
    2019-10-01 81 days 2,433 sqft
    2019-11-01 86 days 2,392 sqft
    2019-12-01 99 days 2,338 sqft
    2020-01-01 107 days 2,344 sqft
    2020-02-01 98 days 2,410 sqft
    2020-03-01 61 days 2,448 sqft
    2020-04-01 61 days 2,439 sqft
    2020-05-01 72 days 2,483 sqft
    2020-06-01 85 days 2,519 sqft
    2020-07-01 87 days 2,495 sqft
    2020-08-01 73 days 2,500 sqft
    2020-09-01 70 days 2,451 sqft
    2020-10-01 66 days 2,415 sqft
    2020-11-01 67 days 2,402 sqft
    2020-12-01 85 days 2,400 sqft
    2021-01-01 94 days 2,309 sqft
    2021-02-01 77 days 2,328 sqft
    2021-03-01 49 days 2,288 sqft
    2021-04-01 44 days 2,304 sqft
    2021-05-01 41 days 2,327 sqft
    2021-06-01 48 days 2,323 sqft
    2021-07-01 45 days 2,263 sqft
    2021-08-01 50 days 2,248 sqft
    2021-09-01 51 days 2,275 sqft
    2021-10-01 62 days 2,282 sqft
    2021-11-01 64 days 2,255 sqft
    2021-12-01 68 days 2,291 sqft
    2022-01-01 80 days 2,305 sqft
    2022-02-01 52 days 2,274 sqft
    2022-03-01 34 days 2,179 sqft
    2022-04-01 32 days 2,160 sqft
    2022-05-01 34 days 2,220 sqft
    2022-06-01 39 days 2,252 sqft
    2022-07-01 45 days 2,236 sqft
    2022-08-01 52 days 2,201 sqft
    2022-09-01 51 days 2,211 sqft
    2022-10-01 46 days 2,207 sqft
    2022-11-01 53 days 2,199 sqft
    2022-12-01 64 days 2,220 sqft
    2023-01-01 82 days 2,240 sqft
    2023-02-01 80 days 2,262 sqft
    2023-03-01 50 days 2,275 sqft
    2023-04-01 44 days 2,227 sqft
    2023-05-01 51 days 2,255 sqft
    2023-06-01 56 days 2,252 sqft
    2023-07-01 57 days 2,247 sqft
    2023-08-01 48 days 2,251 sqft
    2023-09-01 52 days 2,263 sqft
    2023-10-01 51 days 2,246 sqft
    2023-11-01 59 days 2,234 sqft
    2023-12-01 72 days 2,255 sqft
    2024-01-01 81 days 2,233 sqft
    2024-02-01 51 days 2,218 sqft
    2024-03-01 43 days 2,265 sqft
    2024-04-01 41 days 2,243 sqft
    2024-05-01 41 days 2,298 sqft
    2024-06-01 46 days 2,300 sqft
    2024-07-01 50 days 2,299 sqft
    2024-08-01 55 days 2,306 sqft
    2024-09-01 56 days 2,266 sqft
    2024-10-01 46 days 2,262 sqft
    2024-11-01 53 days 2,221 sqft
    2024-12-01 64 days 2,154 sqft
    2025-01-01 0 days 2,128 sqft
    Charlottesville'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.

    Charlottesville's median square footage for active listings during the 2025-01-01 period was 2,128 sqft. One year prior, the average listing was 2,233 sqft.