Elizabeth City USDA Loan Rates, Closing Costs & Stats
Elizabeth City, 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.
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
6.07%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Elizabeth City's average USDA mortgage closing costs are $5,546.
The average rate for the prior week (2024-12-06) was
5.9% and
one month ago for the week of 2024-11-08, the
average rate was 6.02%.
The average rate one year ago was 6.69%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.4%.
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 | $204,500 (4.1%) | $228,508 (-3.3%) | 0.00 | 344 |
| 2018-02-01 | $212,600 (4.3%) | $234,845 (0.0%) | 0.00 | 373 |
| 2018-03-01 | $219,000 (5.2%) | $240,952 (1.6%) | 0.00 | 371 |
| 2018-04-01 | $219,900 (5.0%) | $243,140 (3.2%) | 0.00 | 361 |
| 2018-05-01 | $224,450 (3.0%) | $249,190 (3.1%) | 0.00 | 363 |
| 2018-06-01 | $217,000 (1.0%) | $250,036 (4.8%) | 0.00 | 373 |
| 2018-07-01 | $218,000 (1.4%) | $249,804 (5.4%) | 0.00 | 399 |
| 2018-08-01 | $215,000 (-1.2%) | $247,677 (1.4%) | 0.00 | 401 |
| 2018-09-01 | $209,900 (-5.8%) | $238,752 (-5.2%) | 0.00 | 399 |
| 2018-10-01 | $213,350 (-5.0%) | $239,677 (-5.4%) | 0.00 | 389 |
| 2018-11-01 | $200,813 (-7.3%) | $238,030 (-2.4%) | 0.00 | 364 |
| 2018-12-01 | $199,900 (-4.8%) | $232,536 (-0.6%) | 0.00 | 342 |
| 2019-01-01 | $199,900 (-2.3%) | $234,149 (2.5%) | 0.00 | 326 |
| 2019-02-01 | $213,250 (0.3%) | $243,175 (3.6%) | 0.00 | 331 |
| 2019-03-01 | $220,714 (0.8%) | $250,929 (4.1%) | 0.00 | 347 |
| 2019-04-01 | $229,000 (4.1%) | $258,348 (6.3%) | 0.00 | 364 |
| 2019-05-01 | $229,000 (2.0%) | $261,279 (4.9%) | 0.00 | 375 |
| 2019-06-01 | $229,700 (5.9%) | $264,981 (6.0%) | 0.00 | 356 |
| 2019-07-01 | $232,750 (6.8%) | $271,348 (8.6%) | 0.00 | 352 |
| 2019-08-01 | $236,350 (9.9%) | $272,557 (10.1%) | 0.00 | 351 |
| 2019-09-01 | $238,375 (13.6%) | $271,690 (13.8%) | 0.00 | 347 |
| 2019-10-01 | $242,450 (13.6%) | $271,428 (13.3%) | 0.00 | 344 |
| 2019-11-01 | $235,000 (17.0%) | $260,868 (9.6%) | 0.00 | 321 |
| 2019-12-01 | $231,875 (16.0%) | $258,512 (11.2%) | 0.00 | 298 |
| 2020-01-01 | $230,950 (15.5%) | $255,150 (9.0%) | 0.00 | 269 |
| 2020-02-01 | $242,850 (13.9%) | $259,997 (6.9%) | 0.00 | 270 |
| 2020-03-01 | $240,743 (9.1%) | $260,559 (3.8%) | 0.00 | 266 |
| 2020-04-01 | $239,900 (4.8%) | $260,013 (0.6%) | 0.00 | 273 |
| 2020-05-01 | $245,900 (7.4%) | $269,763 (3.3%) | 0.00 | 251 |
| 2020-06-01 | $244,475 (6.4%) | $279,897 (5.6%) | 0.00 | 223 |
| 2020-07-01 | $250,850 (7.8%) | $282,208 (4.0%) | 0.00 | 203 |
| 2020-08-01 | $265,000 (12.1%) | $295,306 (8.4%) | 0.00 | 176 |
| 2020-09-01 | $267,000 (12.0%) | $296,388 (9.1%) | 0.00 | 147 |
| 2020-10-01 | $257,000 (6.0%) | $299,125 (10.2%) | 0.00 | 133 |
| 2020-11-01 | $266,225 (13.3%) | $301,479 (15.6%) | 0.00 | 114 |
| 2020-12-01 | $251,950 (8.7%) | $276,283 (6.9%) | 0.00 | 114 |
| 2021-01-01 | $257,000 (11.3%) | $289,146 (13.3%) | 0.00 | 102 |
| 2021-02-01 | $251,075 (3.4%) | $294,556 (13.3%) | 0.00 | 98 |
| 2021-03-01 | $259,000 (7.6%) | $303,667 (16.5%) | 0.00 | 88 |
| 2021-04-01 | $274,500 (14.4%) | $314,181 (20.8%) | 0.00 | 80 |
| 2021-05-01 | $249,900 (1.6%) | $314,257 (16.5%) | 0.00 | 84 |
| 2021-06-01 | $251,975 (3.1%) | $314,632 (12.4%) | 0.00 | 94 |
| 2021-07-01 | $257,000 (2.5%) | $320,836 (13.7%) | 0.00 | 112 |
| 2021-08-01 | $250,950 (-5.3%) | $334,436 (13.3%) | 0.00 | 119 |
| 2021-09-01 | $274,975 (3.0%) | $344,834 (16.4%) | 0.00 | 124 |
| 2021-10-01 | $295,000 (14.8%) | $344,868 (15.3%) | 0.00 | 115 |
| 2021-11-01 | $304,875 (14.5%) | $349,823 (16.0%) | 0.00 | 108 |
| 2021-12-01 | $286,175 (13.6%) | $325,862 (17.9%) | 0.00 | 98 |
| 2022-01-01 | $294,990 (14.8%) | $328,048 (13.5%) | 0.00 | 105 |
| 2022-02-01 | $299,225 (19.2%) | $348,101 (18.2%) | 0.00 | 104 |
| 2022-03-01 | $300,968 (16.2%) | $325,686 (7.3%) | 0.00 | 108 |
| 2022-04-01 | $319,400 (16.4%) | $317,823 (1.2%) | 0.00 | 111 |
| 2022-05-01 | $313,750 (25.6%) | $328,798 (4.6%) | 0.00 | 109 |
| 2022-06-01 | $337,373 (33.9%) | $351,977 (11.9%) | 0.00 | 124 |
| 2022-07-01 | $326,000 (26.9%) | $354,637 (10.5%) | 0.00 | 162 |
| 2022-08-01 | $163,225 (-35.0%) | $233,534 (-30.2%) | 0.00 | 317 |
| 2022-09-01 | $257,250 (-6.5%) | $272,486 (-21.0%) | 0.00 | 240 |
| 2022-10-01 | $334,495 (13.4%) | $338,046 (-2.0%) | 0.00 | 153 |
| 2022-11-01 | $328,950 (7.9%) | $335,418 (-4.1%) | 0.00 | 151 |
| 2022-12-01 | $349,000 (22.0%) | $338,194 (3.8%) | 0.00 | 123 |
| 2023-01-01 | $349,968 (18.6%) | $340,914 (3.9%) | 0.00 | 106 |
| 2023-02-01 | $343,720 (14.9%) | $339,481 (-2.5%) | 0.00 | 101 |
| 2023-03-01 | $329,990 (9.6%) | $327,935 (0.7%) | 0.00 | 105 |
| 2023-04-01 | $351,900 (10.2%) | $353,077 (11.1%) | 0.00 | 112 |
| 2023-05-01 | $362,445 (15.5%) | $366,397 (11.4%) | 0.00 | 140 |
| 2023-06-01 | $359,945 (6.7%) | $374,788 (6.5%) | 0.00 | 155 |
| 2023-07-01 | $359,900 (10.4%) | $396,502 (11.8%) | 0.00 | 151 |
| 2023-08-01 | $348,425 (113.5%) | $393,114 (68.3%) | 0.00 | 162 |
| 2023-09-01 | $349,000 (35.7%) | $409,976 (50.5%) | 0.00 | 171 |
| 2023-10-01 | $355,245 (6.2%) | $402,088 (18.9%) | 0.00 | 174 |
| 2023-11-01 | $354,874 (7.9%) | $384,719 (14.7%) | 0.00 | 175 |
| 2023-12-01 | $362,745 (3.9%) | $380,623 (12.6%) | 0.00 | 166 |
| 2024-01-01 | $350,473 (0.1%) | $366,193 (7.4%) | 0.00 | 154 |
| 2024-02-01 | $342,243 (-0.4%) | $362,561 (6.8%) | 0.00 | 161 |
| 2024-03-01 | $355,000 (7.6%) | $364,287 (11.1%) | 0.00 | 170 |
| 2024-04-01 | $361,495 (2.7%) | $374,833 (6.2%) | 0.00 | 159 |
| 2024-05-01 | $387,750 (7.0%) | $392,128 (7.0%) | 0.00 | 177 |
| 2024-06-01 | $379,000 (5.3%) | $409,698 (9.3%) | 0.00 | 198 |
| 2024-07-01 | $380,200 (5.6%) | $414,264 (4.5%) | 0.00 | 190 |
| 2024-08-01 | $394,995 (13.4%) | $423,636 (7.8%) | 0.00 | 178 |
| 2024-09-01 | $389,500 (11.6%) | $430,390 (5.0%) | 0.00 | 174 |
| 2024-10-01 | $391,725 (10.3%) | $425,528 (5.8%) | 0.00 | 191 |
| 2024-11-01 | $389,000 (9.6%) | $416,617 (8.3%) | 0.00 | 200 |
Elizabeth City's median listing price comes in at 0% of the national average.
Elizabeth City's average listing price for 2024-11-01 was $416,617, a difference of $31,898 (8.3%) versus the prior year and $-8,911 versus the prior month.
For the 2024-11-01 period, Elizabeth City had 200 MLS listings, a difference of 9 listings (5%) versus the prior month and 25 listings (14%) 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 | 2,153 sqft |
| 2018-02-01 | 0 days | 2,148 sqft |
| 2018-03-01 | 0 days | 2,192 sqft |
| 2018-04-01 | 0 days | 2,177 sqft |
| 2018-05-01 | 0 days | 2,221 sqft |
| 2018-06-01 | 0 days | 2,184 sqft |
| 2018-07-01 | 0 days | 2,192 sqft |
| 2018-08-01 | 0 days | 2,217 sqft |
| 2018-09-01 | 0 days | 2,195 sqft |
| 2018-10-01 | 0 days | 2,206 sqft |
| 2018-11-01 | 0 days | 2,167 sqft |
| 2018-12-01 | 0 days | 2,150 sqft |
| 2019-01-01 | 0 days | 2,150 sqft |
| 2019-02-01 | 0 days | 2,166 sqft |
| 2019-03-01 | 0 days | 2,157 sqft |
| 2019-04-01 | 0 days | 2,125 sqft |
| 2019-05-01 | 0 days | 2,082 sqft |
| 2019-06-01 | 0 days | 2,109 sqft |
| 2019-07-01 | 0 days | 2,154 sqft |
| 2019-08-01 | 0 days | 2,145 sqft |
| 2019-09-01 | 0 days | 2,123 sqft |
| 2019-10-01 | 0 days | 2,115 sqft |
| 2019-11-01 | 0 days | 2,120 sqft |
| 2019-12-01 | 0 days | 2,165 sqft |
| 2020-01-01 | 0 days | 2,150 sqft |
| 2020-02-01 | 0 days | 2,150 sqft |
| 2020-03-01 | 0 days | 2,153 sqft |
| 2020-04-01 | 0 days | 2,150 sqft |
| 2020-05-01 | 0 days | 2,224 sqft |
| 2020-06-01 | 0 days | 2,356 sqft |
| 2020-07-01 | 0 days | 2,288 sqft |
| 2020-08-01 | 0 days | 2,288 sqft |
| 2020-09-01 | 0 days | 2,295 sqft |
| 2020-10-01 | 0 days | 2,190 sqft |
| 2020-11-01 | 0 days | 2,173 sqft |
| 2020-12-01 | 0 days | 2,150 sqft |
| 2021-01-01 | 0 days | 2,345 sqft |
| 2021-02-01 | 0 days | 2,415 sqft |
| 2021-03-01 | 0 days | 2,316 sqft |
| 2021-04-01 | 0 days | 2,324 sqft |
| 2021-05-01 | 0 days | 1,954 sqft |
| 2021-06-01 | 0 days | 1,904 sqft |
| 2021-07-01 | 0 days | 1,800 sqft |
| 2021-08-01 | 0 days | 2,065 sqft |
| 2021-09-01 | 0 days | 2,172 sqft |
| 2021-10-01 | 0 days | 2,196 sqft |
| 2021-11-01 | 0 days | 2,139 sqft |
| 2021-12-01 | 0 days | 2,186 sqft |
| 2022-01-01 | 0 days | 2,092 sqft |
| 2022-02-01 | 0 days | 2,071 sqft |
| 2022-03-01 | 0 days | 2,074 sqft |
| 2022-04-01 | 0 days | 2,121 sqft |
| 2022-05-01 | 0 days | 2,086 sqft |
| 2022-06-01 | 0 days | 2,121 sqft |
| 2022-07-01 | 0 days | 2,132 sqft |
| 2022-08-01 | 0 days | 2,142 sqft |
| 2022-09-01 | 0 days | 2,113 sqft |
| 2022-10-01 | 0 days | 2,028 sqft |
| 2022-11-01 | 0 days | 1,943 sqft |
| 2022-12-01 | 0 days | 2,003 sqft |
| 2023-01-01 | 0 days | 2,048 sqft |
| 2023-02-01 | 0 days | 2,003 sqft |
| 2023-03-01 | 0 days | 1,944 sqft |
| 2023-04-01 | 0 days | 2,000 sqft |
| 2023-05-01 | 0 days | 2,115 sqft |
| 2023-06-01 | 0 days | 2,132 sqft |
| 2023-07-01 | 0 days | 2,150 sqft |
| 2023-08-01 | 0 days | 2,022 sqft |
| 2023-09-01 | 0 days | 2,070 sqft |
| 2023-10-01 | 0 days | 2,046 sqft |
| 2023-11-01 | 0 days | 2,060 sqft |
| 2023-12-01 | 0 days | 2,097 sqft |
| 2024-01-01 | 0 days | 2,065 sqft |
| 2024-02-01 | 0 days | 2,000 sqft |
| 2024-03-01 | 0 days | 2,033 sqft |
| 2024-04-01 | 0 days | 2,022 sqft |
| 2024-05-01 | 0 days | 2,187 sqft |
| 2024-06-01 | 0 days | 2,196 sqft |
| 2024-07-01 | 0 days | 2,200 sqft |
| 2024-08-01 | 0 days | 2,329 sqft |
| 2024-09-01 | 0 days | 2,289 sqft |
| 2024-10-01 | 0 days | 2,213 sqft |
| 2024-11-01 | 0 days | 2,189 sqft |
Elizabeth City's median square footage for active listings during the 2024-11-01 period was 2,189 sqft. One year prior, the average listing was 2,060 sqft.