Fayetteville USDA Loans

FAYETTEVILLE, 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.

    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.