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 4 USDA loans during 2024. The total origination value was $920,000, with an average USDA loan value of $230,000.
Cullowhee USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Cullowhee
averaged
6.77%
for the week of 2025-05-23, compared to the national average (all USDA variants) of
6.433% for the same period.
Cullowhee's average USDA mortgage closing costs are $5,152.
The average rate for the prior week (2025-05-16) was
6.6% and
one month ago for the week of 2025-04-18, the
average rate was 6.99%.
The average rate one year ago was 7.16%.
For refis of the same type during the week of 2025-05-23, the average rate
was 6.53%.
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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| FIRST COMMUNITY MORTGAGE, INC. | 1 | 6.63% | $4,775 |
| First Reliance Bank | 1 | 6.00% | $8,931 |
| GoPrime Mortgage, Inc. | 1 | 6.13% | $7,141 |
| United Community Bank | 1 | 6.38% | $6,069 |
The top Cullowhee USDA lender as defined by loan originations is FIRST COMMUNITY MORTGAGE, INC., with
1 USDA loans originated. Their average total fees are
$4,775, which is $4,157
lower than the next largest lender,
First Reliance Bank.
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 |
| 2024-06-01 | $749,000 (-6.5%) | $1,309,403 (-5.9%) | 0.00 | 392 |
| 2024-07-01 | $699,000 (-12.0%) | $1,346,284 (-5.4%) | 0.00 | 390 |
| 2024-08-01 | $750,000 (-4.2%) | $1,378,660 (-4.9%) | 0.00 | 408 |
| 2024-09-01 | $795,000 (5.4%) | $1,389,078 (0.2%) | 0.00 | 413 |
| 2024-10-01 | $784,000 (4.6%) | $1,390,865 (3.7%) | 0.00 | 398 |
| 2024-11-01 | $754,500 (7.4%) | $1,317,550 (-0.2%) | 0.00 | 384 |
| 2024-12-01 | $749,000 (7.2%) | $1,280,190 (-0.9%) | 0.00 | 353 |
Cullowhee's median listing price comes in at 0% of the national average.
Cullowhee's average listing price for 2024-12-01 was $1,280,190, a difference of $-11,872 (-0.9%) versus the prior year and $-37,360 versus the prior month.
For the 2024-12-01 period, Cullowhee had 353 MLS listings, a difference of -31 listings (-8%) versus the prior month and 22 listings (7%) 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 | 1,844 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 |
| 2024-06-01 | 0 days | 1,820 sqft |
| 2024-07-01 | 0 days | 1,830 sqft |
| 2024-08-01 | 0 days | 1,817 sqft |
| 2024-09-01 | 0 days | 1,832 sqft |
| 2024-10-01 | 0 days | 1,812 sqft |
| 2024-11-01 | 0 days | 1,701 sqft |
| 2024-12-01 | 0 days | 1,671 sqft |
Cullowhee's median square footage for active listings during the 2024-12-01 period was 1,671 sqft. One year prior, the average listing was 1,881 sqft.