Fayetteville USDA Loans

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 5.37% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.2% and one month ago for the week of 2022-04-08, the average rate was 5.06%.

The average rate one year ago was 3.07%.

For refis of the same type during the week of 2022-05-13, the average rate was 4.84%.

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 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. Total Fees
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 Bank 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 $158,000 (9.0%) $180,300 (3.4%) 0.58 2,230
2018-02-01 $159,350 (6.3%) $181,435 (1.5%) 0.57 2,184
2018-03-01 $159,900 (6.6%) $182,576 (1.8%) 0.55 2,201
2018-04-01 $162,500 (6.3%) $183,717 (2.4%) 0.55 2,160
2018-05-01 $161,225 (4.9%) $185,204 (3.0%) 0.54 2,112
2018-06-01 $162,500 (3.7%) $188,053 (3.7%) 0.54 2,126
2018-07-01 $161,500 (1.3%) $186,741 (2.1%) 0.54 2,130
2018-08-01 $162,500 (1.8%) $188,065 (2.8%) 0.54 2,050
2018-09-01 $161,990 (1.9%) $188,503 (3.4%) 0.54 2,045
2018-10-01 $159,995 (0.3%) $187,959 (3.2%) 0.54 1,957
2018-11-01 $159,945 (0.7%) $189,496 (4.6%) 0.54 1,936
2018-12-01 $159,900 (3.2%) $187,808 (4.6%) 0.55 1,889
2019-01-01 $164,250 (4.0%) $191,279 (6.1%) 0.57 1,740
2019-02-01 $169,950 (6.7%) $198,058 (9.2%) 0.57 1,674
2019-03-01 $179,243 (12.1%) $204,770 (12.2%) 0.58 1,559
2019-04-01 $182,193 (12.1%) $209,358 (14.0%) 0.57 1,493
2019-05-01 $176,700 (9.6%) $207,346 (12.0%) 0.54 1,466
2019-06-01 $183,900 (13.2%) $210,428 (11.9%) 0.57 1,504
2019-07-01 $180,000 (11.5%) $208,781 (11.8%) 0.56 1,539
2019-08-01 $179,900 (10.7%) $205,457 (9.3%) 0.57 1,626
2019-09-01 $179,900 (11.1%) $203,963 (8.2%) 0.57 1,587
2019-10-01 $180,700 (12.9%) $205,864 (9.5%) 0.58 1,460
2019-11-01 $185,000 (15.7%) $207,232 (9.4%) 0.60 1,430
2019-12-01 $184,950 (15.7%) $205,979 (9.7%) 0.62 1,341
2020-01-01 $188,450 (14.7%) $209,167 (9.4%) 0.63 1,208
2020-02-01 $188,000 (10.6%) $209,016 (5.5%) 0.61 1,125
2020-03-01 $189,900 (6.0%) $213,765 (4.4%) 0.59 965
2020-04-01 $190,950 (4.8%) $217,265 (3.8%) 0.59 906
2020-05-01 $199,700 (13.0%) $224,513 (8.3%) 0.61 737
2020-06-01 $211,950 (15.3%) $234,203 (11.3%) 0.62 613
2020-07-01 $219,950 (22.2%) $238,882 (14.4%) 0.63 573
2020-08-01 $224,000 (24.5%) $242,629 (18.1%) 0.64 520
2020-09-01 $221,850 (23.3%) $245,475 (20.4%) 0.63 518
2020-10-01 $210,000 (16.2%) $243,853 (18.5%) 0.60 483
2020-11-01 $215,000 (16.2%) $247,688 (19.5%) 0.62 444
2020-12-01 $215,238 (16.4%) $248,121 (20.5%) 0.63 430
2021-01-01 $209,900 (11.4%) $242,947 (16.2%) 0.62 389
2021-02-01 $216,500 (15.2%) $250,824 (20.0%) 0.62 328
2021-03-01 $195,750 (3.1%) $235,905 (10.4%) 0.55 288
2021-04-01 $194,500 (1.9%) $235,847 (8.6%) 0.52 288
2021-05-01 $202,000 (1.2%) $236,376 (5.3%) 0.53 297
2021-06-01 $203,750 (-3.9%) $241,163 (3.0%) 0.53 354
2021-07-01 $200,000 (-9.1%) $247,579 (3.6%) 0.52 421
2021-08-01 $207,500 (-7.4%) $245,859 (1.3%) 0.55 485
2021-09-01 $204,450 (-7.8%) $245,180 (-0.1%) 0.54 482
2021-10-01 $199,950 (-4.8%) $249,110 (2.2%) 0.53 510
2021-11-01 $202,450 (-5.8%) $253,651 (2.4%) 0.53 461
2021-12-01 $217,450 (1.0%) $264,165 (6.5%) 0.58 411
2022-01-01 $224,000 (6.7%) $274,733 (13.1%) 0.60 363
2022-02-01 $229,900 (6.2%) $275,773 (10.0%) 0.59 313
2022-03-01 $222,500 (13.7%) $272,070 (15.3%) 0.55 308
2022-04-01 $245,000 (26.0%) $283,551 (20.2%) 0.58 335
Fayetteville's median listing price for 2022-04-01 was $245,000, a difference of $50,500 (26.0%) versus the prior year and $22,500 versus the prior month.

Fayetteville's median listing price comes in at 58% of the national average.

Fayetteville's average listing price for 2022-04-01 was $283,551, a difference of $47,704 (20.2%) versus the prior year and $11,481 versus the prior month.

For the 2022-04-01 period, Fayetteville had 335 MLS listings, a difference of 27 listings (9%) versus the prior month and 47 listings (16%) 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
2018-01-01 106 days 1,750 sqft
2018-02-01 102 days 1,750 sqft
2018-03-01 87 days 1,826 sqft
2018-04-01 78 days 1,850 sqft
2018-05-01 72 days 1,850 sqft
2018-06-01 73 days 1,850 sqft
2018-07-01 74 days 1,850 sqft
2018-08-01 76 days 1,850 sqft
2018-09-01 81 days 1,850 sqft
2018-10-01 88 days 1,850 sqft
2018-11-01 92 days 1,850 sqft
2018-12-01 96 days 1,850 sqft
2019-01-01 93 days 1,850 sqft
2019-02-01 95 days 1,612 sqft
2019-03-01 87 days 1,667 sqft
2019-04-01 65 days 1,874 sqft
2019-05-01 59 days 1,945 sqft
2019-06-01 60 days 1,950 sqft
2019-07-01 60 days 1,950 sqft
2019-08-01 63 days 1,916 sqft
2019-09-01 67 days 1,890 sqft
2019-10-01 65 days 1,950 sqft
2019-11-01 66 days 1,950 sqft
2019-12-01 74 days 1,949 sqft
2020-01-01 81 days 1,950 sqft
2020-02-01 74 days 1,950 sqft
2020-03-01 60 days 1,950 sqft
2020-04-01 59 days 1,950 sqft
2020-05-01 62 days 1,954 sqft
2020-06-01 57 days 2,100 sqft
2020-07-01 53 days 2,100 sqft
2020-08-01 48 days 2,100 sqft
2020-09-01 45 days 2,100 sqft
2020-10-01 44 days 2,012 sqft
2020-11-01 49 days 2,044 sqft
2020-12-01 48 days 2,021 sqft
2021-01-01 53 days 1,950 sqft
2021-02-01 49 days 1,966 sqft
2021-03-01 38 days 1,850 sqft
2021-04-01 37 days 1,829 sqft
2021-05-01 35 days 1,883 sqft
2021-06-01 33 days 1,870 sqft
2021-07-01 35 days 1,850 sqft
2021-08-01 36 days 1,850 sqft
2021-09-01 39 days 1,849 sqft
2021-10-01 42 days 1,821 sqft
2021-11-01 41 days 1,849 sqft
2021-12-01 46 days 1,850 sqft
2022-01-01 50 days 1,850 sqft
2022-02-01 37 days 1,870 sqft
2022-03-01 38 days 1,799 sqft
2022-04-01 34 days 1,925 sqft
Fayetteville's median listing age (time on market) for 2022-04-01 was 34 days. This is -7% shorter than the same period one year ago.

Fayetteville's median square footage for active listings during the 2022-04-01 period was 1,925 sqft. One year prior, the average listing was 1,829 sqft.