Fayetteville USDA Loan Rates, Closing Costs & Stats

FAYETTEVILLE, NC

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 32 lenders originated 59 USDA loans during 2023. The total origination value was $16,595,000, with an average USDA loan value of $281,271.

    Fayetteville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Fayetteville averaged 6.76% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Fayetteville's average USDA mortgage closing costs are $5,118.

    The average rate for the prior week (2024-04-12) was 6.31% and one month ago for the week of 2024-03-15, the average rate was 6.49%.

    The average rate one year ago was 6.13%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    MOVEMENT MORTGAGE, LLC 6 6.38% $9,039
    JET HOMELOANS, LLC 5 6.05% $9,420
    CROSSCOUNTRY MORTGAGE, LLC 4 6.66% $5,837
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.67% $9,317
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.46% $10,045
    Truist 3 5.63% $8,050
    CORNERSTONE HOME LENDING, INC. 3 5.91% $8,395
    Alcova Mortgage LLC 2 7.00% $3,853
    EQUITY RESOURCES, INC. 2 6.00% $7,822
    Keystone Funding, Inc. 2 6.13% $7,537
    UNITED WHOLESALE MORTGAGE, LLC 2 6.16% $8,917
    Towne Mortgage of the Carolinas, LLC 1 6.25% $7,075
    BAYSHORE MORTGAGE FUNDING, LLC 1 5.63% $13,666
    FIRST HOME MORTGAGE CORPORATION 1 7.00% $7,696
    Flagstar Bank, FSB 1 6.25% $7,101
    GoPrime Mortgage, Inc. 1 6.38% $6,695
    GUILD MORTGAGE COMPANY 1 6.88% $10,001
    HOMESIDE FINANCIAL, LLC 1 6.63% $8,141
    Bank of England 1 7.63% $6,376
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $9,654
    Mortgage Research Center, LLC 1 5.75% $2,124
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 6.25% $9,654
    NEWREZ LLC 1 6.25% $7,366
    NFM, INC. 1 7.13% $6,023
    NTFN, INC. 1 6.13% $7,571
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.75% $6,997
    Shamrock Home Loans, Inc. 1 6.25% $6,272
    The Central Trust Bank 1 6.63% $5,228
    The Fidelity Bank 1 6.13% $4,971
    CMG MORTGAGE, INC. 1 6.25% $8,600
    CBM Mortgage, Inc. 1 5.13% $15,485
    CARDINAL FINANCIAL 1 5.50% $13,472

    The top Fayetteville USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 6 USDA loans originated. Their average total fees are $9,039, which is $381 lower than the next largest lender, JET HOMELOANS, LLC.

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

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

    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%) $187,549 (3.1%) 0.63 2,964
    2018-02-01 $170,750 (2.4%) $187,912 (1.2%) 0.62 2,896
    2018-03-01 $174,900 (3.5%) $190,585 (1.6%) 0.61 2,917
    2018-04-01 $178,595 (5.7%) $193,657 (3.0%) 0.61 2,870
    2018-05-01 $178,000 (4.8%) $194,954 (4.0%) 0.59 2,878
    2018-06-01 $177,500 (3.2%) $197,087 (4.0%) 0.59 2,830
    2018-07-01 $177,950 (2.9%) $197,332 (3.4%) 0.59 2,823
    2018-08-01 $179,800 (4.1%) $198,796 (4.4%) 0.60 2,753
    2018-09-01 $179,900 (5.9%) $199,057 (5.5%) 0.60 2,724
    2018-10-01 $179,900 (6.0%) $198,370 (5.7%) 0.61 2,597
    2018-11-01 $179,700 (5.8%) $198,260 (5.6%) 0.61 2,538
    2018-12-01 $177,500 (4.5%) $196,975 (4.9%) 0.61 2,449
    2019-01-01 $179,925 (5.9%) $199,845 (6.6%) 0.62 2,318
    2019-02-01 $189,950 (11.2%) $206,293 (9.8%) 0.64 2,240
    2019-03-01 $199,286 (13.9%) $213,400 (12.0%) 0.65 2,102
    2019-04-01 $204,286 (14.4%) $218,216 (12.7%) 0.65 2,021
    2019-05-01 $199,900 (12.3%) $217,302 (11.5%) 0.62 2,029
    2019-06-01 $199,900 (12.6%) $218,797 (11.0%) 0.62 2,079
    2019-07-01 $199,850 (12.3%) $217,511 (10.2%) 0.63 2,104
    2019-08-01 $199,900 (11.2%) $216,792 (9.1%) 0.63 2,076
    2019-09-01 $199,900 (11.1%) $216,544 (8.8%) 0.64 2,041
    2019-10-01 $199,450 (10.9%) $216,379 (9.1%) 0.64 2,004
    2019-11-01 $199,500 (11.0%) $216,869 (9.4%) 0.65 1,912
    2019-12-01 $199,900 (12.6%) $215,757 (9.5%) 0.67 1,800
    2020-01-01 $206,500 (14.8%) $219,477 (9.8%) 0.69 1,643
    2020-02-01 $214,900 (13.1%) $221,232 (7.2%) 0.70 1,529
    2020-03-01 $212,000 (6.4%) $224,412 (5.2%) 0.66 1,417
    2020-04-01 $217,800 (6.6%) $229,178 (5.0%) 0.68 1,354
    2020-05-01 $225,000 (12.6%) $235,926 (8.6%) 0.68 1,148
    2020-06-01 $234,950 (17.5%) $245,551 (12.2%) 0.69 957
    2020-07-01 $237,350 (18.8%) $249,056 (14.5%) 0.69 882
    2020-08-01 $245,000 (22.6%) $253,348 (16.9%) 0.70 799
    2020-09-01 $244,410 (22.3%) $255,347 (17.9%) 0.70 779
    2020-10-01 $239,900 (20.3%) $256,500 (18.5%) 0.69 748
    2020-11-01 $237,481 (19.0%) $256,256 (18.2%) 0.69 711
    2020-12-01 $235,000 (17.6%) $257,190 (19.2%) 0.70 664
    2021-01-01 $229,900 (11.3%) $252,855 (15.2%) 0.69 569
    2021-02-01 $230,225 (7.1%) $255,995 (15.7%) 0.67 493
    2021-03-01 $214,975 (1.4%) $237,905 (6.0%) 0.61 472
    2021-04-01 $214,750 (-1.4%) $240,955 (5.1%) 0.58 473
    2021-05-01 $219,900 (-2.3%) $244,346 (3.6%) 0.58 488
    2021-06-01 $219,450 (-6.6%) $243,341 (-0.9%) 0.58 539
    2021-07-01 $220,000 (-7.3%) $255,940 (2.8%) 0.58 625
    2021-08-01 $227,500 (-7.1%) $254,512 (0.5%) 0.61 715
    2021-09-01 $227,850 (-6.8%) $258,673 (1.3%) 0.61 706
    2021-10-01 $226,820 (-5.5%) $260,166 (1.4%) 0.60 747
    2021-11-01 $231,675 (-2.4%) $266,584 (4.0%) 0.62 676
    2021-12-01 $239,900 (2.1%) $271,516 (5.6%) 0.65 588
    2022-01-01 $248,500 (8.1%) $285,365 (12.9%) 0.67 498
    2022-02-01 $249,950 (8.6%) $290,897 (13.6%) 0.65 425
    2022-03-01 $237,500 (10.5%) $287,058 (20.7%) 0.59 418
    2022-04-01 $269,000 (25.3%) $310,413 (28.8%) 0.64 488
    2022-05-01 $294,725 (34.0%) $317,494 (29.9%) 0.67 603
    2022-06-01 $297,200 (35.4%) $316,007 (29.9%) 0.66 807
    2022-07-01 $307,500 (39.8%) $323,846 (26.5%) 0.69 947
    2022-08-01 $325,500 (43.1%) $337,061 (32.4%) 0.75 1,014
    2022-09-01 $329,900 (44.8%) $341,310 (32.0%) 0.77 1,035
    2022-10-01 $335,000 (47.7%) $343,419 (32.0%) 0.79 1,073
    2022-11-01 $339,900 (46.7%) $347,326 (30.3%) 0.82 1,189
    2022-12-01 $335,038 (39.7%) $345,388 (27.2%) 0.83 1,171
    2023-01-01 $339,975 (36.8%) $351,144 (23.1%) 0.84 1,092
    2023-02-01 $341,450 (36.6%) $353,282 (21.5%) 0.82 1,029
    2023-03-01 $345,975 (45.7%) $355,121 (23.7%) 0.82 966
    2023-04-01 $341,654 (27.0%) $351,171 (13.1%) 0.79 952
    2023-05-01 $344,803 (17.0%) $358,516 (12.9%) 0.78 947
    2023-06-01 $349,300 (17.5%) $359,567 (13.8%) 0.78 955
    2023-07-01 $339,273 (10.3%) $350,098 (8.1%) 0.77 994
    2023-08-01 $335,950 (3.2%) $347,170 (3.0%) 0.77 1,084
    2023-09-01 $330,000 (0.0%) $344,336 (0.9%) 0.77 1,228
    2023-10-01 $327,745 (-2.2%) $344,861 (0.4%) 0.77 1,360
    2023-11-01 $326,400 (-4.0%) $344,551 (-0.8%) 0.78 1,441
    2023-12-01 $324,900 (-3.0%) $338,614 (-2.0%) 0.79 1,516
    2024-01-01 $324,802 (-4.5%) $338,207 (-3.7%) 0.79 1,377
    2024-02-01 $323,603 (-5.2%) $338,218 (-4.3%) 0.78 1,353
    2024-03-01 $324,975 (-6.1%) $341,218 (-3.9%) 0.76 1,337
    Fayetteville's median listing price for 2024-03-01 was $324,975, a difference of $-21,000 (-6.1%) versus the prior year and $1,372 versus the prior month.

    Fayetteville's median listing price comes in at 76% of the national average.

    Fayetteville's average listing price for 2024-03-01 was $341,218, a difference of $-13,903 (-3.9%) versus the prior year and $3,000 versus the prior month.

    For the 2024-03-01 period, Fayetteville had 1,337 MLS listings, a difference of -16 listings (-1%) versus the prior month and 371 listings (38%) 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 95 days 1,850 sqft
    2018-02-01 92 days 1,850 sqft
    2018-03-01 74 days 1,850 sqft
    2018-04-01 69 days 1,950 sqft
    2018-05-01 66 days 1,950 sqft
    2018-06-01 66 days 1,950 sqft
    2018-07-01 69 days 1,950 sqft
    2018-08-01 71 days 1,950 sqft
    2018-09-01 74 days 1,950 sqft
    2018-10-01 81 days 1,950 sqft
    2018-11-01 85 days 1,950 sqft
    2018-12-01 86 days 1,902 sqft
    2019-01-01 85 days 1,950 sqft
    2019-02-01 82 days 1,924 sqft
    2019-03-01 72 days 1,972 sqft
    2019-04-01 62 days 2,032 sqft
    2019-05-01 57 days 2,054 sqft
    2019-06-01 58 days 2,077 sqft
    2019-07-01 59 days 1,975 sqft
    2019-08-01 61 days 1,963 sqft
    2019-09-01 63 days 1,956 sqft
    2019-10-01 65 days 1,950 sqft
    2019-11-01 66 days 1,950 sqft
    2019-12-01 74 days 1,950 sqft
    2020-01-01 80 days 1,950 sqft
    2020-02-01 68 days 2,075 sqft
    2020-03-01 54 days 2,002 sqft
    2020-04-01 56 days 2,071 sqft
    2020-05-01 60 days 2,100 sqft
    2020-06-01 55 days 2,100 sqft
    2020-07-01 53 days 2,100 sqft
    2020-08-01 51 days 2,100 sqft
    2020-09-01 48 days 2,100 sqft
    2020-10-01 46 days 2,100 sqft
    2020-11-01 50 days 2,100 sqft
    2020-12-01 51 days 2,100 sqft
    2021-01-01 50 days 1,981 sqft
    2021-02-01 39 days 1,973 sqft
    2021-03-01 30 days 1,850 sqft
    2021-04-01 34 days 1,850 sqft
    2021-05-01 33 days 1,925 sqft
    2021-06-01 33 days 1,890 sqft
    2021-07-01 34 days 1,874 sqft
    2021-08-01 33 days 1,906 sqft
    2021-09-01 38 days 1,881 sqft
    2021-10-01 40 days 1,859 sqft
    2021-11-01 44 days 1,888 sqft
    2021-12-01 48 days 1,901 sqft
    2022-01-01 50 days 1,922 sqft
    2022-02-01 35 days 1,935 sqft
    2022-03-01 34 days 1,854 sqft
    2022-04-01 25 days 1,950 sqft
    2022-05-01 29 days 2,003 sqft
    2022-06-01 28 days 2,080 sqft
    2022-07-01 34 days 2,100 sqft
    2022-08-01 37 days 2,186 sqft
    2022-09-01 44 days 2,177 sqft
    2022-10-01 54 days 2,256 sqft
    2022-11-01 56 days 2,263 sqft
    2022-12-01 60 days 2,242 sqft
    2023-01-01 73 days 2,275 sqft
    2023-02-01 69 days 2,216 sqft
    2023-03-01 50 days 2,178 sqft
    2023-04-01 46 days 2,151 sqft
    2023-05-01 45 days 2,133 sqft
    2023-06-01 45 days 2,148 sqft
    2023-07-01 43 days 2,100 sqft
    2023-08-01 43 days 2,059 sqft
    2023-09-01 44 days 2,027 sqft
    2023-10-01 45 days 2,012 sqft
    2023-11-01 51 days 2,000 sqft
    2023-12-01 58 days 1,985 sqft
    2024-01-01 63 days 1,966 sqft
    2024-02-01 54 days 1,930 sqft
    2024-03-01 49 days 1,977 sqft
    Fayetteville's median listing age (time on market) for 2024-03-01 was 49 days. This is -1% shorter than the same period one year ago.

    Fayetteville's median square footage for active listings during the 2024-03-01 period was 1,977 sqft. One year prior, the average listing was 2,178 sqft.