Durham USDA Loan Rates, Closing Costs & Stats

DURHAM-CHAPEL HILL, NC

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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.

    Durham's 19 lenders originated 26 USDA loans during 2023. The total origination value was $6,250,000, with an average USDA loan value of $240,385.

    Durham USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Durham averaged 6.06% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Durham's average USDA mortgage closing costs are $5,756.

    The average rate for the prior week (2025-02-07) was 6.31% and one month ago for the week of 2025-01-10, the average rate was 6.16%.

    The average rate one year ago was 6.05%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.32%.

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

    Durham 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 Durham level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    NEWREZ LLC 3 6.83% $8,754
    Barrington Bank & Trust Company, N.A. 2 6.75% $5,483
    MOVEMENT MORTGAGE, LLC 2 6.13% $6,033
    UNION HOME MORTGAGE CORP. 2 6.88% $7,609
    UNITED WHOLESALE MORTGAGE, LLC 2 5.47% $11,635
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $3,367
    First Heritage Mortgage, LLC 1 6.00% $7,346
    Flagstar Bank, FSB 1 5.75% $6,340
    Prosperity Home Mortgage, LLC 1 7.00% $6,063
    TJC Mortgage, Inc. 1 6.13% $9,346
    Towne Mortgage of the Carolinas, LLC 1 5.63% $7,320
    United Community Bank 1 6.13% $9,087
    Alcova Mortgage LLC 1 6.63% $4,840
    Victorian Finance, LLC 1 6.00% $7,670
    American Security Mortgage Corp. 1 5.13% $10,739
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.88% $10,481
    Corporate Investors Mortgage Group, Inc. 1 5.63% $6,762
    EQUITY RESOURCES, INC. 1 6.99% $6,208
    First-Citizens Bank & Trust Company 1 5.88% $5,931

    The top Durham USDA lender as defined by loan originations is NEWREZ LLC, with 3 USDA loans originated. Their average total fees are $8,754, which is $3,271 higher than the next largest lender, Barrington Bank & Trust Company, N.A..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Durham (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 $387,000 (9.8%) $489,698 (11.7%) 1.40 1,249
    2018-02-01 $399,950 (9.1%) $500,519 (12.1%) 1.42 1,227
    2018-03-01 $400,000 (6.8%) $500,578 (9.2%) 1.39 1,412
    2018-04-01 $410,000 (3.7%) $513,255 (6.8%) 1.36 1,460
    2018-05-01 $409,857 (2.5%) $526,113 (7.6%) 1.33 1,509
    2018-06-01 $400,000 (0.0%) $518,234 (6.6%) 1.30 1,578
    2018-07-01 $397,653 (-0.3%) $500,712 (2.3%) 1.28 1,665
    2018-08-01 $390,000 (-1.2%) $492,937 (1.6%) 1.27 1,695
    2018-09-01 $389,900 (-0.3%) $491,431 (0.9%) 1.28 1,739
    2018-10-01 $388,097 (0.2%) $488,928 (0.4%) 1.28 1,764
    2018-11-01 $387,350 (-0.4%) $483,224 (-1.1%) 1.27 1,700
    2018-12-01 $384,500 (-0.1%) $481,248 (-1.7%) 1.29 1,555
    2019-01-01 $375,000 (-3.1%) $470,197 (-4.0%) 1.24 1,409
    2019-02-01 $385,000 (-3.7%) $482,149 (-3.7%) 1.27 1,366
    2019-03-01 $402,571 (0.6%) $498,873 (-0.3%) 1.27 1,459
    2019-04-01 $416,400 (1.6%) $510,118 (-0.6%) 1.27 1,556
    2019-05-01 $407,232 (-0.6%) $501,658 (-4.7%) 1.25 1,619
    2019-06-01 $408,500 (2.1%) $494,705 (-4.5%) 1.25 1,739
    2019-07-01 $401,500 (1.0%) $485,074 (-3.1%) 1.24 1,793
    2019-08-01 $395,836 (1.5%) $475,834 (-3.5%) 1.21 1,827
    2019-09-01 $389,741 (0.0%) $470,392 (-4.3%) 1.20 1,840
    2019-10-01 $385,000 (-0.8%) $466,215 (-4.7%) 1.19 1,846
    2019-11-01 $389,000 (0.4%) $465,925 (-3.6%) 1.22 1,741
    2019-12-01 $394,970 (2.7%) $468,302 (-2.7%) 1.27 1,552
    2020-01-01 $399,000 (6.4%) $473,307 (0.7%) 1.29 1,362
    2020-02-01 $414,900 (7.8%) $486,313 (0.9%) 1.31 1,274
    2020-03-01 $429,500 (6.7%) $512,293 (2.7%) 1.30 1,303
    2020-04-01 $405,475 (-2.6%) $489,534 (-4.0%) 1.24 1,352
    2020-05-01 $415,900 (2.1%) $489,831 (-2.4%) 1.21 1,366
    2020-06-01 $423,750 (3.7%) $513,354 (3.8%) 1.23 1,281
    2020-07-01 $429,765 (7.0%) $519,223 (7.0%) 1.21 1,212
    2020-08-01 $433,946 (9.6%) $524,700 (10.3%) 1.20 1,124
    2020-09-01 $435,000 (11.6%) $539,608 (14.7%) 1.20 1,037
    2020-10-01 $438,944 (14.0%) $555,737 (19.2%) 1.19 988
    2020-11-01 $435,874 (12.1%) $555,188 (19.2%) 1.19 943
    2020-12-01 $431,105 (9.2%) $567,478 (21.2%) 1.22 836
    2021-01-01 $425,000 (6.5%) $556,636 (17.6%) 1.19 715
    2021-02-01 $429,975 (3.6%) $579,381 (19.1%) 1.20 570
    2021-03-01 $436,201 (1.6%) $580,401 (13.3%) 1.22 540
    2021-04-01 $461,950 (13.9%) $620,691 (26.8%) 1.24 481
    2021-05-01 $450,000 (8.2%) $605,127 (23.5%) 1.18 452
    2021-06-01 $449,875 (6.2%) $615,849 (20.0%) 1.16 505
    2021-07-01 $449,900 (4.7%) $602,528 (16.0%) 1.16 570
    2021-08-01 $452,500 (4.3%) $597,296 (13.8%) 1.19 603
    2021-09-01 $455,000 (4.6%) $599,437 (11.1%) 1.20 640
    2021-10-01 $470,222 (7.1%) $616,541 (10.9%) 1.25 652
    2021-11-01 $461,485 (5.9%) $609,447 (9.8%) 1.21 595
    2021-12-01 $470,788 (9.2%) $623,467 (9.9%) 1.25 533
    2022-01-01 $469,950 (10.6%) $643,558 (15.6%) 1.24 454
    2022-02-01 $478,500 (11.3%) $662,585 (14.4%) 1.23 356
    2022-03-01 $491,200 (12.6%) $706,014 (21.6%) 1.19 371
    2022-04-01 $495,000 (7.2%) $689,032 (11.0%) 1.16 405
    2022-05-01 $501,971 (11.6%) $711,018 (17.5%) 1.13 566
    2022-06-01 $502,090 (11.6%) $689,398 (11.9%) 1.11 743
    2022-07-01 $501,716 (11.5%) $669,399 (11.1%) 1.12 929
    2022-08-01 $499,000 (10.3%) $666,112 (11.5%) 1.14 1,026
    2022-09-01 $465,019 (2.2%) $630,481 (5.2%) 1.08 1,149
    2022-10-01 $468,000 (-0.5%) $648,560 (5.2%) 1.09 1,237
    2022-11-01 $471,250 (2.1%) $665,893 (9.3%) 1.12 1,183
    2022-12-01 $460,950 (-2.1%) $670,518 (7.6%) 1.13 1,058
    2023-01-01 $472,945 (0.6%) $681,681 (5.9%) 1.16 898
    2023-02-01 $496,200 (3.7%) $719,374 (8.6%) 1.18 835
    2023-03-01 $529,725 (7.8%) $749,811 (6.2%) 1.23 828
    2023-04-01 $550,000 (11.1%) $762,299 (10.6%) 1.26 836
    2023-05-01 $542,475 (8.1%) $775,170 (9.0%) 1.21 866
    2023-06-01 $542,000 (8.0%) $774,283 (12.3%) 1.19 909
    2023-07-01 $549,000 (9.4%) $781,999 (16.8%) 1.22 926
    2023-08-01 $543,535 (8.9%) $774,625 (16.3%) 1.22 948
    2023-09-01 $500,000 (7.5%) $750,009 (19.0%) 1.16 1,063
    2023-10-01 $499,000 (6.6%) $748,254 (15.4%) 1.17 1,134
    2023-11-01 $497,450 (5.6%) $739,773 (11.1%) 1.17 1,098
    2023-12-01 $480,000 (4.1%) $727,317 (8.5%) 1.16 1,025
    2024-01-01 $489,675 (3.5%) $753,167 (10.5%) 1.17 883
    2024-02-01 $498,113 (0.4%) $760,821 (5.8%) 1.19 897
    2024-03-01 $529,000 (-0.1%) $780,620 (4.1%) 1.24 930
    2024-04-01 $533,378 (-3.0%) $787,269 (3.3%) 1.22 1,024
    2024-05-01 $542,000 (-0.1%) $797,885 (2.9%) 1.22 1,072
    2024-06-01 $525,000 (-3.1%) $757,387 (-2.2%) 1.18 1,160
    2024-07-01 $525,000 (-4.4%) $749,688 (-4.1%) 1.18 1,197
    2024-08-01 $515,000 (-5.3%) $739,634 (-4.5%) 1.16 1,245
    2024-09-01 $518,080 (3.6%) $737,637 (-1.7%) 1.18 1,302
    2024-10-01 $499,900 (0.2%) $729,561 (-2.5%) 1.16 1,350
    2024-11-01 $485,000 (-2.5%) $718,042 (-2.9%) 1.15 1,353
    2024-12-01 $477,000 (-0.6%) $699,035 (-3.9%) 1.16 1,205
    2025-01-01 $474,450 (-3.1%) $706,131 (-6.3%) 0.00 1,111
    Durham's median listing price for 2025-01-01 was $474,450, a difference of $-15,225 (-3.1%) versus the prior year and $-2,550 versus the prior month.

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

    Durham's average listing price for 2025-01-01 was $706,131, a difference of $-47,036 (-6.3%) versus the prior year and $7,096 versus the prior month.

    For the 2025-01-01 period, Durham had 1,111 MLS listings, a difference of -94 listings (-8%) versus the prior month and 228 listings (26%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Durham (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 87 days 2,442 sqft
    2018-02-01 72 days 2,468 sqft
    2018-03-01 44 days 2,478 sqft
    2018-04-01 47 days 2,504 sqft
    2018-05-01 50 days 2,493 sqft
    2018-06-01 51 days 2,458 sqft
    2018-07-01 53 days 2,458 sqft
    2018-08-01 56 days 2,413 sqft
    2018-09-01 66 days 2,376 sqft
    2018-10-01 68 days 2,367 sqft
    2018-11-01 75 days 2,327 sqft
    2018-12-01 82 days 2,297 sqft
    2019-01-01 89 days 2,238 sqft
    2019-02-01 79 days 2,294 sqft
    2019-03-01 57 days 2,354 sqft
    2019-04-01 47 days 2,406 sqft
    2019-05-01 47 days 2,401 sqft
    2019-06-01 50 days 2,339 sqft
    2019-07-01 56 days 2,263 sqft
    2019-08-01 59 days 2,242 sqft
    2019-09-01 62 days 2,247 sqft
    2019-10-01 65 days 2,250 sqft
    2019-11-01 68 days 2,286 sqft
    2019-12-01 79 days 2,238 sqft
    2020-01-01 82 days 2,200 sqft
    2020-02-01 72 days 2,251 sqft
    2020-03-01 48 days 2,354 sqft
    2020-04-01 49 days 2,217 sqft
    2020-05-01 56 days 2,218 sqft
    2020-06-01 58 days 2,321 sqft
    2020-07-01 52 days 2,332 sqft
    2020-08-01 50 days 2,300 sqft
    2020-09-01 52 days 2,363 sqft
    2020-10-01 51 days 2,300 sqft
    2020-11-01 49 days 2,288 sqft
    2020-12-01 53 days 2,236 sqft
    2021-01-01 58 days 2,205 sqft
    2021-02-01 38 days 2,204 sqft
    2021-03-01 25 days 2,160 sqft
    2021-04-01 25 days 2,214 sqft
    2021-05-01 19 days 2,116 sqft
    2021-06-01 16 days 2,074 sqft
    2021-07-01 22 days 2,056 sqft
    2021-08-01 27 days 2,056 sqft
    2021-09-01 28 days 2,043 sqft
    2021-10-01 29 days 2,106 sqft
    2021-11-01 31 days 1,998 sqft
    2021-12-01 39 days 1,946 sqft
    2022-01-01 52 days 1,903 sqft
    2022-02-01 38 days 1,887 sqft
    2022-03-01 17 days 1,959 sqft
    2022-04-01 15 days 1,998 sqft
    2022-05-01 16 days 2,004 sqft
    2022-06-01 18 days 2,035 sqft
    2022-07-01 24 days 2,061 sqft
    2022-08-01 32 days 2,080 sqft
    2022-09-01 44 days 2,040 sqft
    2022-10-01 50 days 2,069 sqft
    2022-11-01 58 days 2,086 sqft
    2022-12-01 69 days 2,070 sqft
    2023-01-01 74 days 2,080 sqft
    2023-02-01 61 days 2,137 sqft
    2023-03-01 45 days 2,226 sqft
    2023-04-01 42 days 2,236 sqft
    2023-05-01 39 days 2,179 sqft
    2023-06-01 40 days 2,133 sqft
    2023-07-01 44 days 2,178 sqft
    2023-08-01 44 days 2,200 sqft
    2023-09-01 43 days 2,161 sqft
    2023-10-01 47 days 2,158 sqft
    2023-11-01 52 days 2,117 sqft
    2023-12-01 64 days 2,025 sqft
    2024-01-01 61 days 2,015 sqft
    2024-02-01 44 days 2,013 sqft
    2024-03-01 37 days 2,153 sqft
    2024-04-01 39 days 2,143 sqft
    2024-05-01 37 days 2,183 sqft
    2024-06-01 38 days 2,139 sqft
    2024-07-01 48 days 2,093 sqft
    2024-08-01 51 days 2,075 sqft
    2024-09-01 53 days 2,084 sqft
    2024-10-01 52 days 2,041 sqft
    2024-11-01 56 days 2,012 sqft
    2024-12-01 65 days 1,975 sqft
    2025-01-01 0 days 1,943 sqft
    Durham'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.

    Durham's median square footage for active listings during the 2025-01-01 period was 1,943 sqft. One year prior, the average listing was 2,015 sqft.