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 2 lenders originated 2 USDA loans during 2023. The total origination value was $380,000, with an average USDA loan value of $190,000.

Cullowhee USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Cullowhee averaged 6.89% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

Cullowhee's average USDA mortgage closing costs are $5,076.

The average rate for the prior week (2024-05-31) was 6.97% and one month ago for the week of 2024-05-03, the average rate was 6.86%.

The average rate one year ago was 6.56%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.8%.

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

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Blue Ridge Bank 1 7.00% $11,974
HOMESTAR FINANCIAL CORPORATION 1 6.63% $3,394

The top Cullowhee USDA lender as defined by loan originations is Blue Ridge Bank, with 1 USDA loans originated. Their average total fees are $11,974, which is $8,581 higher than the next largest lender, HOMESTAR FINANCIAL CORPORATION.

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 (7.0%) $635,275 (8.7%) 0.00 822
2018-02-01 $350,000 (5.0%) $643,226 (9.5%) 0.00 811
2018-03-01 $350,000 (0.3%) $646,393 (7.9%) 0.00 817
2018-04-01 $369,500 (2.9%) $643,586 (4.6%) 0.00 844
2018-05-01 $377,750 (3.3%) $642,484 (1.8%) 0.00 880
2018-06-01 $381,950 (3.2%) $648,836 (2.0%) 0.00 935
2018-07-01 $379,575 (1.2%) $640,208 (0.4%) 0.00 971
2018-08-01 $385,000 (1.9%) $650,428 (2.7%) 0.00 963
2018-09-01 $379,900 (-1.3%) $655,584 (2.6%) 0.00 955
2018-10-01 $379,450 (0.0%) $659,179 (3.2%) 0.00 953
2018-11-01 $387,000 (2.5%) $662,683 (4.7%) 0.00 894
2018-12-01 $396,500 (7.2%) $648,059 (1.8%) 0.00 845
2019-01-01 $385,000 (10.0%) $647,806 (2.0%) 0.00 749
2019-02-01 $385,000 (10.0%) $647,125 (0.6%) 0.00 749
2019-03-01 $389,264 (11.2%) $658,362 (1.9%) 0.00 767
2019-04-01 $396,975 (7.4%) $667,159 (3.7%) 0.00 797
2019-05-01 $397,250 (5.2%) $661,091 (2.9%) 0.00 880
2019-06-01 $395,000 (3.4%) $647,419 (-0.2%) 0.00 916
2019-07-01 $387,475 (2.1%) $634,235 (-0.9%) 0.00 917
2019-08-01 $386,091 (0.3%) $637,883 (-1.9%) 0.00 904
2019-09-01 $387,727 (2.1%) $638,923 (-2.5%) 0.00 883
2019-10-01 $394,000 (3.8%) $642,772 (-2.5%) 0.00 866
2019-11-01 $399,000 (3.1%) $656,755 (-0.9%) 0.00 799
2019-12-01 $379,900 (-4.2%) $636,326 (-1.8%) 0.00 772
2020-01-01 $374,000 (-2.9%) $613,756 (-5.3%) 0.00 704
2020-02-01 $395,000 (2.6%) $640,753 (-1.0%) 0.00 624
2020-03-01 $416,375 (7.0%) $661,633 (0.5%) 0.00 641
2020-04-01 $419,225 (5.6%) $683,877 (2.5%) 0.00 658
2020-05-01 $425,000 (7.0%) $699,943 (5.9%) 0.00 664
2020-06-01 $442,000 (11.9%) $727,829 (12.4%) 0.00 637
2020-07-01 $419,000 (8.1%) $750,930 (18.4%) 0.00 574
2020-08-01 $425,000 (10.1%) $758,279 (18.9%) 0.00 488
2020-09-01 $427,975 (10.4%) $756,658 (18.4%) 0.00 424
2020-10-01 $474,900 (20.5%) $780,625 (21.5%) 0.00 414
2020-11-01 $511,175 (28.1%) $828,521 (26.2%) 0.00 383
2020-12-01 $549,913 (44.8%) $875,873 (37.7%) 0.00 355
2021-01-01 $557,000 (48.9%) $892,664 (45.4%) 0.00 301
2021-02-01 $529,500 (34.1%) $925,116 (44.4%) 0.00 270
2021-03-01 $581,000 (39.5%) $957,446 (44.7%) 0.00 248
2021-04-01 $570,925 (36.2%) $988,120 (44.5%) 0.00 246
2021-05-01 $579,000 (36.2%) $999,256 (42.8%) 0.00 257
2021-06-01 $589,000 (33.3%) $1,021,742 (40.4%) 0.00 290
2021-07-01 $625,000 (49.2%) $1,046,271 (39.3%) 0.00 308
2021-08-01 $598,000 (40.7%) $1,019,110 (34.4%) 0.00 301
2021-09-01 $621,500 (45.2%) $1,048,372 (38.6%) 0.00 286
2021-10-01 $662,450 (39.5%) $1,172,707 (50.2%) 0.00 263
2021-11-01 $671,500 (31.4%) $1,172,827 (41.6%) 0.00 243
2021-12-01 $672,000 (22.2%) $1,215,616 (38.8%) 0.00 220
2022-01-01 $671,450 (20.6%) $1,272,964 (42.6%) 0.00 181
2022-02-01 $698,500 (31.9%) $1,370,268 (48.1%) 0.00 172
2022-03-01 $681,075 (17.2%) $1,296,191 (35.4%) 0.00 172
2022-04-01 $662,500 (16.0%) $1,327,270 (34.3%) 0.00 190
2022-05-01 $640,950 (10.7%) $1,262,771 (26.4%) 0.00 214
2022-06-01 $675,000 (14.6%) $1,295,427 (26.8%) 0.00 271
2022-07-01 $635,000 (1.6%) $1,270,360 (21.4%) 0.00 306
2022-08-01 $627,250 (4.9%) $1,203,245 (18.1%) 0.00 317
2022-09-01 $620,850 (-0.1%) $1,114,783 (6.3%) 0.00 319
2022-10-01 $602,000 (-9.1%) $1,085,158 (-7.5%) 0.00 338
2022-11-01 $667,000 (-0.7%) $1,176,142 (0.3%) 0.00 306
2022-12-01 $695,000 (3.4%) $1,202,026 (-1.1%) 0.00 272
2023-01-01 $693,625 (3.3%) $1,187,861 (-6.7%) 0.00 229
2023-02-01 $718,875 (2.9%) $1,198,482 (-12.5%) 0.00 220
2023-03-01 $763,500 (12.1%) $1,243,991 (-4.0%) 0.00 213
2023-04-01 $749,000 (13.1%) $1,288,004 (-3.0%) 0.00 237
2023-05-01 $767,225 (19.7%) $1,344,482 (6.5%) 0.00 271
2023-06-01 $801,075 (18.7%) $1,391,106 (7.4%) 0.00 306
2023-07-01 $794,000 (25.0%) $1,423,792 (12.1%) 0.00 334
2023-08-01 $783,000 (24.8%) $1,448,926 (20.4%) 0.00 326
2023-09-01 $754,500 (21.5%) $1,385,886 (24.3%) 0.00 325
2023-10-01 $749,500 (24.5%) $1,340,786 (23.6%) 0.00 347
2023-11-01 $702,249 (5.3%) $1,319,523 (12.2%) 0.00 336
2023-12-01 $699,000 (0.6%) $1,292,062 (7.5%) 0.00 331
2024-01-01 $699,000 (0.8%) $1,261,375 (6.2%) 0.00 287
2024-02-01 $647,225 (-10.0%) $1,242,453 (3.7%) 0.00 284
2024-03-01 $649,700 (-14.9%) $1,235,809 (-0.7%) 0.00 300
2024-04-01 $695,000 (-7.2%) $1,292,611 (0.4%) 0.00 332
2024-05-01 $752,500 (-1.9%) $1,274,869 (-5.2%) 0.00 352
Cullowhee's median listing price for 2024-05-01 was $752,500, a difference of $-14,725 (-1.9%) versus the prior year and $57,500 versus the prior month.

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

Cullowhee's average listing price for 2024-05-01 was $1,274,869, a difference of $-69,613 (-5.2%) versus the prior year and $-17,742 versus the prior month.

For the 2024-05-01 period, Cullowhee had 352 MLS listings, a difference of 20 listings (6%) versus the prior month and 81 listings (30%) 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 2,250 sqft
2018-08-01 0 days 2,250 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 2,250 sqft
2019-03-01 0 days 2,230 sqft
2019-04-01 0 days 2,248 sqft
2019-05-01 0 days 2,250 sqft
2019-06-01 0 days 2,250 sqft
2019-07-01 0 days 2,167 sqft
2019-08-01 0 days 2,194 sqft
2019-09-01 0 days 2,146 sqft
2019-10-01 0 days 2,119 sqft
2019-11-01 0 days 2,090 sqft
2019-12-01 0 days 2,020 sqft
2020-01-01 0 days 1,934 sqft
2020-02-01 0 days 2,117 sqft
2020-03-01 0 days 2,109 sqft
2020-04-01 0 days 2,012 sqft
2020-05-01 0 days 1,937 sqft
2020-06-01 0 days 1,842 sqft
2020-07-01 0 days 1,891 sqft
2020-08-01 0 days 1,827 sqft
2020-09-01 0 days 1,845 sqft
2020-10-01 0 days 1,858 sqft
2020-11-01 0 days 1,884 sqft
2020-12-01 0 days 1,877 sqft
2021-01-01 0 days 1,916 sqft
2021-02-01 0 days 1,879 sqft
2021-03-01 0 days 1,936 sqft
2021-04-01 0 days 1,899 sqft
2021-05-01 0 days 1,900 sqft
2021-06-01 0 days 1,903 sqft
2021-07-01 0 days 1,984 sqft
2021-08-01 0 days 1,981 sqft
2021-09-01 0 days 1,903 sqft
2021-10-01 0 days 1,897 sqft
2021-11-01 0 days 1,867 sqft
2021-12-01 0 days 1,790 sqft
2022-01-01 0 days 1,700 sqft
2022-02-01 0 days 1,773 sqft
2022-03-01 0 days 1,863 sqft
2022-04-01 0 days 1,750 sqft
2022-05-01 0 days 1,756 sqft
2022-06-01 0 days 1,867 sqft
2022-07-01 0 days 1,896 sqft
2022-08-01 0 days 2,056 sqft
2022-09-01 0 days 2,055 sqft
2022-10-01 0 days 1,922 sqft
2022-11-01 0 days 1,911 sqft
2022-12-01 0 days 1,922 sqft
2023-01-01 0 days 1,808 sqft
2023-02-01 0 days 1,808 sqft
2023-03-01 0 days 1,941 sqft
2023-04-01 0 days 1,840 sqft
2023-05-01 0 days 1,824 sqft
2023-06-01 0 days 1,896 sqft
2023-07-01 0 days 2,066 sqft
2023-08-01 0 days 2,070 sqft
2023-09-01 0 days 2,026 sqft
2023-10-01 0 days 1,953 sqft
2023-11-01 0 days 1,933 sqft
2023-12-01 0 days 1,881 sqft
2024-01-01 0 days 1,826 sqft
2024-02-01 0 days 1,792 sqft
2024-03-01 0 days 1,766 sqft
2024-04-01 0 days 1,792 sqft
2024-05-01 0 days 1,800 sqft
Cullowhee's median listing age (time on market) for 2024-05-01 was 0 days.

Cullowhee's median square footage for active listings during the 2024-05-01 period was 1,800 sqft. One year prior, the average listing was 1,824 sqft.