Elizabeth City USDA Loan Rates, Closing Costs & Stats

Elizabeth City, 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.

    Elizabeth City's 10 lenders originated 12 USDA loans during 2023. The total origination value was $2,530,000, with an average USDA loan value of $210,833.

    Elizabeth City USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Elizabeth City averaged 6.29% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Elizabeth City's average USDA mortgage closing costs are $5,546.

    The average rate for the prior week (2025-02-07) was 6.35% and one month ago for the week of 2025-01-10, the average rate was 6.09%.

    The average rate one year ago was 6.09%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.73%.

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

    Elizabeth City 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 Elizabeth City level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.67% $7,526
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.99% $7,180
    FIRST COMMUNITY MORTGAGE, INC. 1 6.75% $10,320
    HOMESIDE FINANCIAL, LLC 1 6.13% $6,852
    MOVEMENT MORTGAGE, LLC 1 5.75% $8,661
    Paramount Residential Mortgage Group, Inc. 1 6.88% $7,320
    Presidential Bank, FSB 1 6.88% $7,629
    Tidewater Home Funding, LLC 1 6.38% $2,926
    Advance Financial Group, LLC 1 6.25% $6,078
    United Bank 1 5.63% $5,239

    The top Elizabeth City USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 3 USDA loans originated. Their average total fees are $7,526, which is $345 higher than the next largest lender, AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Elizabeth City (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 $191,650 (6.5%) $197,810 (0.5%) 0.00 227
    2018-02-01 $190,225 (3.6%) $200,511 (1.2%) 0.00 243
    2018-03-01 $190,000 (-1.3%) $204,118 (2.1%) 0.00 236
    2018-04-01 $194,975 (2.7%) $208,879 (5.2%) 0.00 223
    2018-05-01 $189,950 (-3.8%) $206,166 (-2.3%) 0.00 219
    2018-06-01 $195,450 (0.1%) $206,613 (-1.6%) 0.00 217
    2018-07-01 $196,625 (1.3%) $210,679 (2.5%) 0.00 240
    2018-08-01 $199,200 (2.8%) $209,191 (1.8%) 0.00 251
    2018-09-01 $192,000 (-1.5%) $201,446 (-2.5%) 0.00 254
    2018-10-01 $196,725 (0.1%) $201,439 (-3.1%) 0.00 244
    2018-11-01 $188,725 (-3.2%) $193,070 (-5.0%) 0.00 228
    2018-12-01 $189,000 (-3.1%) $193,547 (-3.7%) 0.00 219
    2019-01-01 $189,475 (-1.1%) $196,089 (-0.9%) 0.00 214
    2019-02-01 $199,900 (5.1%) $206,250 (2.9%) 0.00 213
    2019-03-01 $206,371 (8.6%) $218,340 (7.0%) 0.00 218
    2019-04-01 $214,500 (10.0%) $222,494 (6.5%) 0.00 229
    2019-05-01 $215,250 (13.3%) $221,736 (7.6%) 0.00 241
    2019-06-01 $217,839 (11.5%) $225,733 (9.3%) 0.00 226
    2019-07-01 $218,100 (10.9%) $226,660 (7.6%) 0.00 220
    2019-08-01 $217,173 (9.0%) $229,420 (9.7%) 0.00 209
    2019-09-01 $213,082 (11.0%) $226,530 (12.5%) 0.00 203
    2019-10-01 $209,975 (6.7%) $225,115 (11.8%) 0.00 199
    2019-11-01 $206,950 (9.7%) $216,393 (12.1%) 0.00 184
    2019-12-01 $199,250 (5.4%) $211,584 (9.3%) 0.00 163
    2020-01-01 $201,175 (6.2%) $213,791 (9.0%) 0.00 150
    2020-02-01 $212,500 (6.3%) $219,645 (6.5%) 0.00 144
    2020-03-01 $202,350 (-2.0%) $213,982 (-2.0%) 0.00 151
    2020-04-01 $211,225 (-1.5%) $216,839 (-2.5%) 0.00 160
    2020-05-01 $219,450 (2.0%) $231,727 (4.5%) 0.00 144
    2020-06-01 $225,000 (3.3%) $240,763 (6.7%) 0.00 136
    2020-07-01 $231,250 (6.0%) $245,691 (8.4%) 0.00 123
    2020-08-01 $245,000 (12.8%) $253,314 (10.4%) 0.00 104
    2020-09-01 $218,750 (2.7%) $242,752 (7.2%) 0.00 91
    2020-10-01 $225,000 (7.2%) $248,924 (10.6%) 0.00 77
    2020-11-01 $220,000 (6.3%) $251,045 (16.0%) 0.00 67
    2020-12-01 $198,000 (-0.6%) $219,992 (4.0%) 0.00 65
    2021-01-01 $217,500 (8.1%) $222,576 (4.1%) 0.00 56
    2021-02-01 $224,950 (5.9%) $226,786 (3.3%) 0.00 53
    2021-03-01 $227,250 (12.3%) $239,645 (12.0%) 0.00 55
    2021-04-01 $231,875 (9.8%) $261,268 (20.5%) 0.00 49
    2021-05-01 $230,000 (4.8%) $254,026 (9.6%) 0.00 55
    2021-06-01 $222,450 (-1.1%) $251,921 (4.6%) 0.00 61
    2021-07-01 $199,900 (-13.6%) $244,581 (-0.5%) 0.00 74
    2021-08-01 $224,500 (-8.4%) $251,224 (-0.8%) 0.00 78
    2021-09-01 $249,900 (14.2%) $263,539 (8.6%) 0.00 84
    2021-10-01 $270,000 (20.0%) $288,881 (16.1%) 0.00 80
    2021-11-01 $268,750 (22.2%) $284,188 (13.2%) 0.00 75
    2021-12-01 $270,000 (36.4%) $281,613 (28.0%) 0.00 70
    2022-01-01 $289,900 (33.3%) $277,535 (24.7%) 0.00 76
    2022-02-01 $278,475 (23.8%) $278,061 (22.6%) 0.00 74
    2022-03-01 $289,973 (27.6%) $282,702 (18.0%) 0.00 80
    2022-04-01 $308,490 (33.0%) $297,936 (14.0%) 0.00 84
    2022-05-01 $299,990 (30.4%) $312,307 (22.9%) 0.00 83
    2022-06-01 $335,950 (51.0%) $337,741 (34.1%) 0.00 97
    2022-07-01 $327,450 (63.8%) $337,932 (38.2%) 0.00 116
    2022-08-01 $305,648 (36.2%) $306,207 (21.9%) 0.00 164
    2022-09-01 $304,975 (22.0%) $310,456 (17.8%) 0.00 144
    2022-10-01 $329,900 (22.2%) $316,149 (9.4%) 0.00 109
    2022-11-01 $312,495 (16.3%) $311,332 (9.6%) 0.00 107
    2022-12-01 $349,900 (29.6%) $323,629 (14.9%) 0.00 81
    2023-01-01 $349,950 (20.7%) $324,125 (16.8%) 0.00 70
    2023-02-01 $330,973 (18.9%) $308,192 (10.8%) 0.00 68
    2023-03-01 $325,973 (12.4%) $301,737 (6.7%) 0.00 71
    2023-04-01 $339,000 (9.9%) $312,928 (5.0%) 0.00 72
    2023-05-01 $349,900 (16.6%) $330,427 (5.8%) 0.00 91
    2023-06-01 $332,450 (-1.0%) $330,975 (-2.0%) 0.00 99
    2023-07-01 $329,500 (0.6%) $338,436 (0.2%) 0.00 98
    2023-08-01 $310,000 (1.4%) $324,336 (5.9%) 0.00 108
    2023-09-01 $314,995 (3.3%) $330,069 (6.3%) 0.00 118
    2023-10-01 $311,995 (-5.4%) $330,431 (4.5%) 0.00 118
    2023-11-01 $304,245 (-2.6%) $321,006 (3.1%) 0.00 112
    2023-12-01 $325,000 (-7.1%) $330,871 (2.2%) 0.00 105
    2024-01-01 $321,000 (-8.3%) $323,380 (-0.2%) 0.00 101
    2024-02-01 $311,500 (-5.9%) $315,344 (2.3%) 0.00 102
    2024-03-01 $322,400 (-1.1%) $320,229 (6.1%) 0.00 113
    2024-04-01 $329,950 (-2.7%) $330,704 (5.7%) 0.00 108
    2024-05-01 $344,973 (-1.4%) $346,667 (4.9%) 0.00 124
    2024-06-01 $345,000 (3.8%) $354,596 (7.1%) 0.00 138
    2024-07-01 $347,250 (5.4%) $363,970 (7.5%) 0.00 132
    2024-08-01 $359,900 (16.1%) $376,615 (16.1%) 0.00 121
    2024-09-01 $360,625 (14.5%) $381,064 (15.5%) 0.00 124
    2024-10-01 $351,500 (12.7%) $378,012 (14.4%) 0.00 133
    2024-11-01 $352,000 (15.7%) $367,131 (14.4%) 0.00 141
    2024-12-01 $374,375 (15.2%) $375,337 (13.4%) 0.00 129
    2025-01-01 $379,700 (18.3%) $370,676 (14.6%) 0.00 128
    Elizabeth City's median listing price for 2025-01-01 was $379,700, a difference of $58,700 (18.3%) versus the prior year and $5,325 versus the prior month.

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

    Elizabeth City's average listing price for 2025-01-01 was $370,676, a difference of $47,296 (14.6%) versus the prior year and $-4,661 versus the prior month.

    For the 2025-01-01 period, Elizabeth City had 128 MLS listings, a difference of -1 listings (-1%) versus the prior month and 27 listings (27%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Elizabeth City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,058 sqft
    2018-02-01 0 days 2,003 sqft
    2018-03-01 0 days 2,044 sqft
    2018-04-01 0 days 2,055 sqft
    2018-05-01 0 days 2,073 sqft
    2018-06-01 0 days 2,060 sqft
    2018-07-01 0 days 2,061 sqft
    2018-08-01 0 days 2,106 sqft
    2018-09-01 0 days 2,100 sqft
    2018-10-01 0 days 2,102 sqft
    2018-11-01 0 days 2,032 sqft
    2018-12-01 0 days 2,008 sqft
    2019-01-01 0 days 2,005 sqft
    2019-02-01 0 days 2,017 sqft
    2019-03-01 0 days 2,042 sqft
    2019-04-01 0 days 2,081 sqft
    2019-05-01 0 days 1,996 sqft
    2019-06-01 0 days 1,947 sqft
    2019-07-01 0 days 1,947 sqft
    2019-08-01 0 days 1,950 sqft
    2019-09-01 0 days 1,950 sqft
    2019-10-01 0 days 1,959 sqft
    2019-11-01 0 days 1,952 sqft
    2019-12-01 0 days 1,974 sqft
    2020-01-01 0 days 2,020 sqft
    2020-02-01 0 days 2,062 sqft
    2020-03-01 0 days 2,032 sqft
    2020-04-01 0 days 2,020 sqft
    2020-05-01 0 days 2,082 sqft
    2020-06-01 0 days 2,153 sqft
    2020-07-01 0 days 2,151 sqft
    2020-08-01 0 days 2,150 sqft
    2020-09-01 0 days 2,093 sqft
    2020-10-01 0 days 2,060 sqft
    2020-11-01 0 days 2,053 sqft
    2020-12-01 0 days 2,000 sqft
    2021-01-01 0 days 2,000 sqft
    2021-02-01 0 days 2,061 sqft
    2021-03-01 0 days 2,029 sqft
    2021-04-01 0 days 2,079 sqft
    2021-05-01 0 days 1,786 sqft
    2021-06-01 0 days 1,702 sqft
    2021-07-01 0 days 1,698 sqft
    2021-08-01 0 days 2,056 sqft
    2021-09-01 0 days 2,150 sqft
    2021-10-01 0 days 2,167 sqft
    2021-11-01 0 days 2,122 sqft
    2021-12-01 0 days 2,186 sqft
    2022-01-01 0 days 2,078 sqft
    2022-02-01 0 days 1,874 sqft
    2022-03-01 0 days 2,045 sqft
    2022-04-01 0 days 2,114 sqft
    2022-05-01 0 days 2,080 sqft
    2022-06-01 0 days 2,092 sqft
    2022-07-01 0 days 2,079 sqft
    2022-08-01 0 days 2,123 sqft
    2022-09-01 0 days 2,072 sqft
    2022-10-01 0 days 2,005 sqft
    2022-11-01 0 days 1,924 sqft
    2022-12-01 0 days 2,018 sqft
    2023-01-01 0 days 2,053 sqft
    2023-02-01 0 days 1,985 sqft
    2023-03-01 0 days 1,884 sqft
    2023-04-01 0 days 1,943 sqft
    2023-05-01 0 days 1,982 sqft
    2023-06-01 0 days 1,920 sqft
    2023-07-01 0 days 1,970 sqft
    2023-08-01 0 days 1,893 sqft
    2023-09-01 0 days 1,828 sqft
    2023-10-01 0 days 1,837 sqft
    2023-11-01 0 days 1,772 sqft
    2023-12-01 0 days 1,879 sqft
    2024-01-01 0 days 1,866 sqft
    2024-02-01 0 days 1,780 sqft
    2024-03-01 0 days 1,865 sqft
    2024-04-01 0 days 1,917 sqft
    2024-05-01 0 days 1,985 sqft
    2024-06-01 0 days 2,014 sqft
    2024-07-01 0 days 2,000 sqft
    2024-08-01 0 days 2,065 sqft
    2024-09-01 0 days 2,005 sqft
    2024-10-01 0 days 1,992 sqft
    2024-11-01 0 days 1,982 sqft
    2024-12-01 0 days 1,982 sqft
    2025-01-01 0 days 2,016 sqft
    Elizabeth City's median listing age (time on market) for 2025-01-01 was 0 days.

    Elizabeth City's median square footage for active listings during the 2025-01-01 period was 2,016 sqft. One year prior, the average listing was 1,866 sqft.