Durham USDA Loan Rates, Closing Costs & Stats

DURHAM-CHAPEL HILL, 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.

Durham's 8 lenders originated 10 USDA loans during 2024. The total origination value was $2,280,000, with an average USDA loan value of $228,000.

Durham USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Durham averaged -0.01% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Durham's average USDA mortgage closing costs are $5,783.

The average rate for the prior week (2025-06-13) was 6.39% and one month ago for the week of 2025-05-16, the average rate was 6.75%.

The average rate one year ago was 6.57%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.04%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Corporate Investors Mortgage Group, Inc. 2 6.19% $5,083
Encompass Lending Group, LP 1 6.63% $6,946
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.63% $9,003
LOANDEPOT.COM, LLC 1 5.99% $4,964
PLAZA HOME MORTGAGE, INC. 1 7.25% $4,590
Truist 1 5.50% $15,938
UNION HOME MORTGAGE CORP. 1 6.00% $9,676
United Community Bank 1 6.63% $6,961

The top Durham USDA lender as defined by loan originations is Corporate Investors Mortgage Group, Inc., with 2 USDA loans originated. Their average total fees are $5,083, which is $1,863 lower than the next largest lender, Encompass Lending Group, LP.

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

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