Cullowhee USDA Loan Rates, Closing Costs & Stats
Cullowhee, NC
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.
Cullowhee's 4 lenders originated 5 USDA loans during 2022. The total origination value was $905,000, with an average USDA loan value of $181,000.
Cullowhee USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Cullowhee
averaged
-0.44%
for the week of 2023-11-24, compared to the national average (all USDA variants) of
0% for the same period.
Cullowhee's average USDA mortgage closing costs are $5,012.
The average rate for the prior week (2023-11-17) was
6.65% and
one month ago for the week of 2023-10-20, the
average rate was 6.67%.
The average rate one year ago was 6.11%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.81%.
Cullowhee 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 Cullowhee level.
| Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
|---|---|---|---|
| HOMESTAR FINANCIAL CORPORATION | 2 | 4.75% | $2,340 |
| American Security Mortgage Corp. | 1 | 3.50% | $9,879 |
| PENNYMAC LOAN SERVICES, LLC | 1 | 3.49% | $9,909 |
| United Community Bank | 1 | 7.00% | $5,856 |
The top Cullowhee USDA lender as defined by loan originations is HOMESTAR FINANCIAL CORPORATION, with
2 USDA loans originated. Their average total fees are
$2,340, which is $7,539
lower than the next largest lender,
American Security Mortgage Corp..
The lowest fee Cullowhee USDA lenders (with over 10 loans originated) are
.
The lowest rate Cullowhee USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Cullowhee (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 | $349,900 (7.7%) | $631,360 (9.0%) | 0.00 | 818 |
| 2018-02-01 | $353,950 (7.4%) | $639,199 (9.7%) | 0.00 | 806 |
| 2018-03-01 | $359,000 (3.5%) | $643,866 (8.4%) | 0.00 | 812 |
| 2018-04-01 | $370,725 (5.9%) | $639,951 (4.7%) | 0.00 | 841 |
| 2018-05-01 | $378,500 (4.4%) | $640,193 (1.9%) | 0.00 | 879 |
| 2018-06-01 | $381,950 (2.9%) | $647,865 (2.3%) | 0.00 | 935 |
| 2018-07-01 | $379,450 (1.2%) | $638,410 (0.6%) | 0.00 | 973 |
| 2018-08-01 | $385,000 (2.1%) | $648,481 (2.9%) | 0.00 | 966 |
| 2018-09-01 | $379,900 (-0.5%) | $653,651 (3.0%) | 0.00 | 959 |
| 2018-10-01 | $379,450 (0.5%) | $657,007 (3.5%) | 0.00 | 956 |
| 2018-11-01 | $387,000 (3.2%) | $660,543 (5.1%) | 0.00 | 898 |
| 2018-12-01 | $398,250 (8.1%) | $647,418 (2.3%) | 0.00 | 849 |
| 2019-01-01 | $385,000 (10.0%) | $649,705 (2.9%) | 0.00 | 754 |
| 2019-02-01 | $385,000 (8.8%) | $648,858 (1.5%) | 0.00 | 754 |
| 2019-03-01 | $390,143 (8.7%) | $659,852 (2.5%) | 0.00 | 773 |
| 2019-04-01 | $398,000 (7.4%) | $668,538 (4.5%) | 0.00 | 803 |
| 2019-05-01 | $399,000 (5.4%) | $662,424 (3.5%) | 0.00 | 886 |
| 2019-06-01 | $399,000 (4.5%) | $649,433 (0.2%) | 0.00 | 921 |
| 2019-07-01 | $391,950 (3.3%) | $636,339 (-0.3%) | 0.00 | 917 |
| 2019-08-01 | $385,886 (0.2%) | $638,418 (-1.6%) | 0.00 | 904 |
| 2019-09-01 | $387,216 (1.9%) | $638,879 (-2.3%) | 0.00 | 882 |
| 2019-10-01 | $393,375 (3.7%) | $642,482 (-2.2%) | 0.00 | 865 |
| 2019-11-01 | $398,000 (2.8%) | $656,699 (-0.6%) | 0.00 | 798 |
| 2019-12-01 | $379,450 (-4.7%) | $635,774 (-1.8%) | 0.00 | 772 |
| 2020-01-01 | $374,000 (-2.9%) | $613,242 (-5.6%) | 0.00 | 706 |
| 2020-02-01 | $395,000 (2.6%) | $641,038 (-1.2%) | 0.00 | 626 |
| 2020-03-01 | $414,975 (6.4%) | $663,172 (0.5%) | 0.00 | 642 |
| 2020-04-01 | $419,000 (5.3%) | $685,474 (2.5%) | 0.00 | 657 |
| 2020-05-01 | $425,000 (6.5%) | $700,745 (5.8%) | 0.00 | 662 |
| 2020-06-01 | $442,000 (10.8%) | $726,263 (11.8%) | 0.00 | 635 |
| 2020-07-01 | $418,000 (6.7%) | $748,259 (17.6%) | 0.00 | 573 |
| 2020-08-01 | $425,000 (10.1%) | $755,572 (18.4%) | 0.00 | 487 |
| 2020-09-01 | $425,000 (9.8%) | $748,551 (17.2%) | 0.00 | 420 |
| 2020-10-01 | $459,000 (16.7%) | $768,310 (19.6%) | 0.00 | 409 |
| 2020-11-01 | $492,450 (23.7%) | $818,296 (24.6%) | 0.00 | 373 |
| 2020-12-01 | $536,500 (41.4%) | $870,388 (36.9%) | 0.00 | 343 |
| 2021-01-01 | $549,875 (47.0%) | $885,596 (44.4%) | 0.00 | 291 |
| 2021-02-01 | $497,850 (26.0%) | $920,744 (43.6%) | 0.00 | 259 |
| 2021-03-01 | $557,163 (34.3%) | $953,965 (43.9%) | 0.00 | 240 |
| 2021-04-01 | $557,000 (32.9%) | $982,223 (43.3%) | 0.00 | 239 |
| 2021-05-01 | $574,900 (35.3%) | $991,045 (41.4%) | 0.00 | 248 |
| 2021-06-01 | $574,175 (29.9%) | $1,007,736 (38.8%) | 0.00 | 280 |
| 2021-07-01 | $599,900 (43.5%) | $1,023,047 (36.7%) | 0.00 | 300 |
| 2021-08-01 | $575,000 (35.3%) | $992,782 (31.4%) | 0.00 | 294 |
| 2021-09-01 | $599,000 (40.9%) | $1,025,658 (37.0%) | 0.00 | 280 |
| 2021-10-01 | $625,000 (36.2%) | $1,125,092 (46.4%) | 0.00 | 256 |
| 2021-11-01 | $647,000 (31.4%) | $1,123,348 (37.3%) | 0.00 | 235 |
| 2021-12-01 | $658,500 (22.7%) | $1,159,269 (33.2%) | 0.00 | 212 |
| 2022-01-01 | $625,000 (13.7%) | $1,208,470 (36.5%) | 0.00 | 175 |
| 2022-02-01 | $674,900 (35.6%) | $1,309,070 (42.2%) | 0.00 | 166 |
| 2022-03-01 | $664,950 (19.4%) | $1,248,861 (30.9%) | 0.00 | 167 |
| 2022-04-01 | $649,900 (16.7%) | $1,297,239 (32.1%) | 0.00 | 186 |
| 2022-05-01 | $632,000 (9.9%) | $1,246,366 (25.8%) | 0.00 | 211 |
| 2022-06-01 | $649,950 (13.2%) | $1,241,077 (23.2%) | 0.00 | 265 |
| 2022-07-01 | $631,950 (5.3%) | $1,247,479 (21.9%) | 0.00 | 301 |
| 2022-08-01 | $625,975 (8.9%) | $1,198,999 (20.8%) | 0.00 | 312 |
| 2022-09-01 | $617,250 (3.1%) | $1,111,791 (8.4%) | 0.00 | 316 |
| 2022-10-01 | $609,000 (-2.6%) | $1,089,535 (-3.2%) | 0.00 | 334 |
| 2022-11-01 | $669,435 (3.5%) | $1,180,551 (5.1%) | 0.00 | 305 |
| 2022-12-01 | $692,250 (5.1%) | $1,200,219 (3.5%) | 0.00 | 273 |
| 2023-01-01 | $693,625 (11.0%) | $1,187,524 (-1.7%) | 0.00 | 229 |
| 2023-02-01 | $717,188 (6.3%) | $1,195,383 (-8.7%) | 0.00 | 219 |
| 2023-03-01 | $757,250 (13.9%) | $1,242,741 (-0.5%) | 0.00 | 213 |
| 2023-04-01 | $749,000 (15.3%) | $1,289,803 (-0.6%) | 0.00 | 236 |
| 2023-05-01 | $769,700 (21.8%) | $1,354,551 (8.7%) | 0.00 | 269 |
| 2023-06-01 | $794,850 (22.3%) | $1,390,780 (12.1%) | 0.00 | 305 |
| 2023-07-01 | $791,000 (25.2%) | $1,421,099 (13.9%) | 0.00 | 333 |
| 2023-08-01 | $783,000 (25.1%) | $1,448,926 (20.8%) | 0.00 | 326 |
| 2023-09-01 | $754,500 (22.2%) | $1,385,886 (24.7%) | 0.00 | 325 |
| 2023-10-01 | $749,500 (23.1%) | $1,340,786 (23.1%) | 0.00 | 347 |
Cullowhee's median listing price comes in at 0% of the national average.
Cullowhee's average listing price for 2023-10-01 was $1,340,786, a difference of $251,251 (23.1%) versus the prior year and $-45,100 versus the prior month.
For the 2023-10-01 period, Cullowhee had 347 MLS listings, a difference of 22 listings (7%) versus the prior month and 13 listings (4%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cullowhee (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,250 sqft |
| 2018-02-01 | 0 days | 2,250 sqft |
| 2018-03-01 | 0 days | 2,250 sqft |
| 2018-04-01 | 0 days | 2,250 sqft |
| 2018-05-01 | 0 days | 2,250 sqft |
| 2018-06-01 | 0 days | 2,250 sqft |
| 2018-07-01 | 0 days | 2,200 sqft |
| 2018-08-01 | 0 days | 2,246 sqft |
| 2018-09-01 | 0 days | 2,250 sqft |
| 2018-10-01 | 0 days | 2,250 sqft |
| 2018-11-01 | 0 days | 2,250 sqft |
| 2018-12-01 | 0 days | 2,250 sqft |
| 2019-01-01 | 0 days | 2,250 sqft |
| 2019-02-01 | 0 days | 2,214 sqft |
| 2019-03-01 | 0 days | 2,221 sqft |
| 2019-04-01 | 0 days | 2,250 sqft |
| 2019-05-01 | 0 days | 2,250 sqft |
| 2019-06-01 | 0 days | 2,250 sqft |
| 2019-07-01 | 0 days | 2,178 sqft |
| 2019-08-01 | 0 days | 2,194 sqft |
| 2019-09-01 | 0 days | 2,146 sqft |
| 2019-10-01 | 0 days | 2,123 sqft |
| 2019-11-01 | 0 days | 2,100 sqft |
| 2019-12-01 | 0 days | 2,031 sqft |
| 2020-01-01 | 0 days | 1,947 sqft |
| 2020-02-01 | 0 days | 2,137 sqft |
| 2020-03-01 | 0 days | 2,117 sqft |
| 2020-04-01 | 0 days | 2,058 sqft |
| 2020-05-01 | 0 days | 1,976 sqft |
| 2020-06-01 | 0 days | 1,866 sqft |
| 2020-07-01 | 0 days | 1,895 sqft |
| 2020-08-01 | 0 days | 1,827 sqft |
| 2020-09-01 | 0 days | 1,839 sqft |
| 2020-10-01 | 0 days | 1,850 sqft |
| 2020-11-01 | 0 days | 1,853 sqft |
| 2020-12-01 | 0 days | 1,870 sqft |
| 2021-01-01 | 0 days | 1,939 sqft |
| 2021-02-01 | 0 days | 1,894 sqft |
| 2021-03-01 | 0 days | 1,950 sqft |
| 2021-04-01 | 0 days | 1,914 sqft |
| 2021-05-01 | 0 days | 1,896 sqft |
| 2021-06-01 | 0 days | 1,878 sqft |
| 2021-07-01 | 0 days | 1,984 sqft |
| 2021-08-01 | 0 days | 2,021 sqft |
| 2021-09-01 | 0 days | 1,918 sqft |
| 2021-10-01 | 0 days | 1,908 sqft |
| 2021-11-01 | 0 days | 1,877 sqft |
| 2021-12-01 | 0 days | 1,812 sqft |
| 2022-01-01 | 0 days | 1,738 sqft |
| 2022-02-01 | 0 days | 1,832 sqft |
| 2022-03-01 | 0 days | 1,904 sqft |
| 2022-04-01 | 0 days | 1,751 sqft |
| 2022-05-01 | 0 days | 1,766 sqft |
| 2022-06-01 | 0 days | 1,885 sqft |
| 2022-07-01 | 0 days | 1,850 sqft |
| 2022-08-01 | 0 days | 1,951 sqft |
| 2022-09-01 | 0 days | 1,965 sqft |
| 2022-10-01 | 0 days | 1,900 sqft |
| 2022-11-01 | 0 days | 1,899 sqft |
| 2022-12-01 | 0 days | 1,861 sqft |
| 2023-01-01 | 0 days | 1,784 sqft |
| 2023-02-01 | 0 days | 1,812 sqft |
| 2023-03-01 | 0 days | 1,823 sqft |
| 2023-04-01 | 0 days | 1,800 sqft |
| 2023-05-01 | 0 days | 1,786 sqft |
| 2023-06-01 | 0 days | 1,783 sqft |
| 2023-07-01 | 0 days | 2,008 sqft |
| 2023-08-01 | 0 days | 2,056 sqft |
| 2023-09-01 | 0 days | 2,008 sqft |
| 2023-10-01 | 0 days | 1,943 sqft |
Cullowhee's median square footage for active listings during the 2023-10-01 period was 1,943 sqft. One year prior, the average listing was 1,900 sqft.