Fayetteville USDA Loan Rates, Closing Costs & Stats

FAYETTEVILLE, 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.

Fayetteville's 83 lenders originated 420 USDA loans during 2021. The total origination value was $81,740,000, with an average USDA loan value of $194,619.

Fayetteville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Fayetteville averaged -0.03% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

Fayetteville's average USDA mortgage closing costs are $4,847.

The average rate for the prior week (2022-11-18) was 6.62% and one month ago for the week of 2022-10-21, the average rate was 6.83%.

The average rate one year ago was 3.37%.

For refis of the same type during the week of 2022-11-25, the average rate was -0.56%.

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

Fayetteville 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 Fayetteville level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
MOVEMENT MORTGAGE, LLC 40 2.91% $5,315
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 38 3.10% $5,400
UNION HOME MORTGAGE CORP. 30 2.75% $6,192
GoPrime Mortgage, Inc. 20 3.29% $5,834
SOUTHERN TRUST MORTGAGE, LLC 19 2.93% $5,120
OVM FINANCIAL, INC. 16 3.41% $6,785
HOMESPIRE MORTGAGE CORPORATION 16 2.96% $5,500
American Security Mortgage Corp. 16 2.67% $4,975
CORNERSTONE HOME LENDING, INC. 13 3.16% $5,545
NFM, INC. 13 3.34% $4,472
CMG MORTGAGE, INC. 13 3.02% $6,407
CROSSCOUNTRY MORTGAGE, LLC 12 2.75% $3,302
Truist 8 2.83% $5,801
FREEDOM MORTGAGE CORPORATION 7 2.96% $4,857
CERTAINTY HOME LOANS, LLC 7 3.54% $5,602
THE MORTGAGE FIRM, INC. 6 3.19% $5,493
PENNYMAC LOAN SERVICES, LLC 6 2.92% $4,967
RESIDENTIAL MORTGAGE SERVICES, INC. 6 3.13% $5,245
CALIBER HOME LOANS, INC. 6 2.83% $8,103
EAGLE HOME MORTGAGE, LLC 6 2.92% $3,990
Mortgage Research Center, LLC 6 2.83% $4,066
NVR Mortgage Finance, Inc. 5 2.90% $6,906
Blue Ridge Bank 4 2.88% $6,052
HOME POINT FINANCIAL CORPORATION 4 3.00% $4,949
DAS Acquisition Company, LLC 4 3.25% $5,757
Prosperity Home Mortgage, LLC 4 3.00% $5,619
Alcova Mortgage LLC 3 2.92% $3,816
SIGNATURE MORTGAGE CORPORATION 3 3.29% $5,531
Bank of England 3 3.00% $6,614
Wells Fargo Bank 3 2.79% $5,141
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.29% $5,558
UNITED WHOLESALE MORTGAGE, LLC 3 2.69% $6,373
United Community Bank 3 2.75% $6,583
AMERICAN FINANCIAL NETWORK, INC. 3 3.00% $8,651
The Central Trust Bank 2 3.00% $5,779
Austin Capital Bank SSB 2 2.81% $6,176
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.19% $4,340
EQUITY RESOURCES, INC. 2 2.38% $5,570
First-Citizens Bank & Trust Company 2 2.69% $5,301
First Guaranty Mortgage Corporation 2 3.13% $6,735
First Heritage Mortgage, LLC 2 2.94% $5,109
First Horizon Bank 2 2.88% $5,727
KELLER MORTGAGE, LLC 2 2.63% $4,287
LAKEVIEW LOAN SERVICING, LLC 2 3.00% $4,118
Shamrock Home Loans, Inc. 2 3.06% $5,480
SUCCESS MORTGAGE PARTNERS, INC. 2 3.56% $6,311
Towne Mortgage of the Carolinas, LLC 2 2.63% $6,357
JET HOMELOANS, LLC 1 3.13% $6,564
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 2.99% $6,581
Keystone Funding, Inc. 1 2.50% $3,886
ANGEL OAK HOME LOANS LLC 1 2.75% $6,626
Magnolia Bank 1 3.00% $6,380
HOMESIDE FINANCIAL, LLC 1 2.88% $6,380
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.75% $6,399
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.38% $4,862
NATIONS DIRECT MORTGAGE, LLC 1 2.88% $5,300
NEWREZ LLC 1 2.75% $4,651
GUARANTEED RATE, INC. 1 2.38% $6,198
GSF Mortgage Corporation 1 3.75% $12,818
First Bank 1 2.38% $4,472
PANORAMA MORTGAGE GROUP, LLC 1 2.25% $5,915
FIDELITY BANK 1 2.75% $7,006
PNC Bank 1 3.00% $3,984
FBC MORTGAGE, LLC 1 2.99% $6,246
DHI MORTGAGE COMPANY, LTD. 1 3.25% $4,602
Renasant Bank 1 3.00% $5,673
Corporate Investors Mortgage Group, Inc. 1 2.88% $5,819
Ameris Bank 1 3.00% $9,343
Colten Mortgage, LLC 1 2.75% $6,159
CHURCHILL MORTGAGE CORPORATION 1 2.75% $5,382
Victorian Finance, LLC 1 2.88% $7,241
T2 FINANCIAL LLC 1 3.63% $5,130
Carrington Mortgage Services, LLC 1 3.25% $6,991
The Federal Savings Bank 1 3.00% $6,368
The Fidelity Bank 1 3.13% $6,466
CANOPY MORTGAGE, LLC 1 2.25% $5,293
Amerifirst Financial, Inc. 1 3.00% $4,893
BROKER SOLUTIONS, INC. 1 2.88% $4,619
HOMESTAR FINANCIAL CORPORATION 1 3.00% $5,282
Hometown Equity Mortgage, LLC 1 3.63% $6,320
Hometown Lenders, Inc. 1 3.63% $4,629
HUNT MORTGAGE CORPORATION 1 3.00% $6,495
INTERCOASTAL MORTGAGE COMPANY 1 2.75% $4,704

The top Fayetteville USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 40 USDA loans originated. Their average total fees are $5,315, which is $84 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Fayetteville USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($3,302), NFM, INC. ($4,472), American Security Mortgage Corp. ($4,975), SOUTHERN TRUST MORTGAGE, LLC ($5,120) and MOVEMENT MORTGAGE, LLC ($5,315).

The lowest rate Fayetteville USDA lenders (with over 10 loans originated) are American Security Mortgage Corp. (2.67%), CROSSCOUNTRY MORTGAGE, LLC (2.75%), UNION HOME MORTGAGE CORP. (2.75%), MOVEMENT MORTGAGE, LLC (2.91%) and SOUTHERN TRUST MORTGAGE, LLC (2.93%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Fayetteville (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 $169,900 (5.4%) $187,383 (3.0%) 0.63 2,961
2018-02-01 $170,750 (2.5%) $187,702 (1.1%) 0.62 2,892
2018-03-01 $174,900 (3.5%) $190,381 (1.5%) 0.61 2,913
2018-04-01 $178,075 (5.4%) $193,434 (2.9%) 0.60 2,866
2018-05-01 $177,995 (4.8%) $194,863 (3.9%) 0.59 2,876
2018-06-01 $177,000 (2.9%) $196,995 (4.0%) 0.59 2,828
2018-07-01 $177,875 (2.8%) $197,288 (3.4%) 0.59 2,821
2018-08-01 $179,700 (3.9%) $198,740 (4.3%) 0.60 2,751
2018-09-01 $179,900 (5.9%) $198,965 (5.5%) 0.60 2,722
2018-10-01 $179,900 (6.0%) $198,319 (5.7%) 0.61 2,595
2018-11-01 $179,450 (5.6%) $198,240 (5.6%) 0.61 2,537
2018-12-01 $177,500 (4.5%) $196,955 (5.0%) 0.61 2,449
2019-01-01 $179,925 (5.9%) $199,823 (6.6%) 0.62 2,318
2019-02-01 $189,950 (11.2%) $206,277 (9.9%) 0.64 2,240
2019-03-01 $199,286 (13.9%) $213,386 (12.1%) 0.65 2,104
2019-04-01 $204,286 (14.7%) $218,174 (12.8%) 0.65 2,028
2019-05-01 $199,900 (12.3%) $217,178 (11.5%) 0.62 2,032
2019-06-01 $199,900 (12.9%) $218,602 (11.0%) 0.62 2,083
2019-07-01 $199,600 (12.2%) $217,158 (10.1%) 0.62 2,107
2019-08-01 $199,645 (11.1%) $216,408 (8.9%) 0.63 2,078
2019-09-01 $199,564 (10.9%) $216,182 (8.7%) 0.64 2,040
2019-10-01 $198,750 (10.5%) $216,030 (8.9%) 0.64 2,002
2019-11-01 $199,000 (10.9%) $216,543 (9.2%) 0.65 1,911
2019-12-01 $199,700 (12.5%) $215,418 (9.4%) 0.67 1,799
2020-01-01 $205,700 (14.3%) $219,145 (9.7%) 0.69 1,645
2020-02-01 $214,366 (12.9%) $220,973 (7.1%) 0.70 1,532
2020-03-01 $211,475 (6.1%) $224,255 (5.1%) 0.66 1,423
2020-04-01 $217,725 (6.6%) $229,002 (5.0%) 0.68 1,362
2020-05-01 $224,900 (12.5%) $235,617 (8.5%) 0.68 1,155
2020-06-01 $234,700 (17.4%) $245,055 (12.1%) 0.69 963
2020-07-01 $236,400 (18.4%) $248,554 (14.5%) 0.69 889
2020-08-01 $245,000 (22.7%) $253,132 (17.0%) 0.70 803
2020-09-01 $240,000 (20.3%) $254,681 (17.8%) 0.69 778
2020-10-01 $239,000 (20.3%) $255,784 (18.4%) 0.68 749
2020-11-01 $235,000 (18.1%) $255,280 (17.9%) 0.69 709
2020-12-01 $233,240 (16.8%) $256,138 (18.9%) 0.69 666
2021-01-01 $229,000 (11.3%) $251,921 (15.0%) 0.68 572
2021-02-01 $229,735 (7.2%) $254,433 (15.1%) 0.67 500
2021-03-01 $214,925 (1.6%) $236,556 (5.5%) 0.61 479
2021-04-01 $211,625 (-2.8%) $239,609 (4.6%) 0.57 476
2021-05-01 $219,900 (-2.2%) $243,331 (3.3%) 0.58 493
2021-06-01 $218,875 (-6.7%) $242,415 (-1.1%) 0.58 545
2021-07-01 $220,000 (-6.9%) $255,266 (2.7%) 0.58 633
2021-08-01 $227,500 (-7.1%) $253,410 (0.1%) 0.61 720
2021-09-01 $225,000 (-6.3%) $257,367 (1.1%) 0.60 711
2021-10-01 $225,000 (-5.9%) $259,140 (1.3%) 0.60 749
2021-11-01 $229,900 (-2.2%) $264,896 (3.8%) 0.61 677
2021-12-01 $239,900 (2.9%) $270,016 (5.4%) 0.65 593
2022-01-01 $249,450 (8.9%) $283,876 (12.7%) 0.67 505
2022-02-01 $249,500 (8.6%) $289,583 (13.8%) 0.65 435
2022-03-01 $235,250 (9.5%) $285,531 (20.7%) 0.59 424
2022-04-01 $265,000 (25.2%) $307,663 (28.4%) 0.63 499
2022-05-01 $291,250 (32.5%) $315,060 (29.5%) 0.67 606
2022-06-01 $295,870 (35.2%) $314,065 (29.6%) 0.66 809
2022-07-01 $302,140 (37.3%) $322,528 (26.4%) 0.68 945
2022-08-01 $325,000 (42.9%) $334,677 (32.1%) 0.75 1,006
2022-09-01 $328,536 (46.0%) $339,318 (31.8%) 0.77 1,031
2022-10-01 $334,900 (48.8%) $342,077 (32.0%) 0.79 1,069
Fayetteville's median listing price for 2022-10-01 was $334,900, a difference of $109,900 (48.8%) versus the prior year and $6,364 versus the prior month.

Fayetteville's median listing price comes in at 79% of the national average.

Fayetteville's average listing price for 2022-10-01 was $342,077, a difference of $82,937 (32.0%) versus the prior year and $2,759 versus the prior month.

For the 2022-10-01 period, Fayetteville had 1,069 MLS listings, a difference of 38 listings (4%) versus the prior month and 320 listings (43%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Fayetteville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 103 days 1,850 sqft
2018-02-01 101 days 1,850 sqft
2018-03-01 87 days 1,850 sqft
2018-04-01 77 days 1,950 sqft
2018-05-01 73 days 1,950 sqft
2018-06-01 73 days 1,950 sqft
2018-07-01 74 days 1,950 sqft
2018-08-01 78 days 1,950 sqft
2018-09-01 81 days 1,950 sqft
2018-10-01 88 days 1,950 sqft
2018-11-01 93 days 1,950 sqft
2018-12-01 98 days 1,894 sqft
2019-01-01 92 days 1,950 sqft
2019-02-01 93 days 1,963 sqft
2019-03-01 81 days 2,013 sqft
2019-04-01 68 days 2,051 sqft
2019-05-01 61 days 2,054 sqft
2019-06-01 62 days 2,077 sqft
2019-07-01 63 days 1,967 sqft
2019-08-01 66 days 1,957 sqft
2019-09-01 67 days 1,953 sqft
2019-10-01 70 days 1,950 sqft
2019-11-01 71 days 1,950 sqft
2019-12-01 79 days 1,950 sqft
2020-01-01 84 days 1,950 sqft
2020-02-01 72 days 2,075 sqft
2020-03-01 58 days 1,993 sqft
2020-04-01 58 days 2,065 sqft
2020-05-01 62 days 2,100 sqft
2020-06-01 59 days 2,100 sqft
2020-07-01 56 days 2,100 sqft
2020-08-01 54 days 2,100 sqft
2020-09-01 51 days 2,100 sqft
2020-10-01 48 days 2,100 sqft
2020-11-01 52 days 2,100 sqft
2020-12-01 52 days 2,083 sqft
2021-01-01 51 days 1,950 sqft
2021-02-01 41 days 1,950 sqft
2021-03-01 32 days 1,850 sqft
2021-04-01 35 days 1,847 sqft
2021-05-01 34 days 1,909 sqft
2021-06-01 34 days 1,883 sqft
2021-07-01 35 days 1,868 sqft
2021-08-01 34 days 1,884 sqft
2021-09-01 38 days 1,854 sqft
2021-10-01 40 days 1,850 sqft
2021-11-01 44 days 1,869 sqft
2021-12-01 50 days 1,889 sqft
2022-01-01 51 days 1,942 sqft
2022-02-01 36 days 1,935 sqft
2022-03-01 34 days 1,851 sqft
2022-04-01 26 days 1,950 sqft
2022-05-01 30 days 1,989 sqft
2022-06-01 29 days 2,054 sqft
2022-07-01 35 days 2,100 sqft
2022-08-01 38 days 2,153 sqft
2022-09-01 44 days 2,141 sqft
2022-10-01 54 days 2,243 sqft
Fayetteville's median listing age (time on market) for 2022-10-01 was 54 days. This is 35% longer than the same period one year ago.

Fayetteville's median square footage for active listings during the 2022-10-01 period was 2,243 sqft. One year prior, the average listing was 1,850 sqft.