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 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
-0.11%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Fayetteville's average USDA mortgage closing costs are $5,118.
The average rate for the prior week (2024-11-22) was
6.5% and
one month ago for the week of 2024-10-25, the
average rate was 6.2%.
The average rate one year ago was 7%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.04%.
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.
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. LouisDate | 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 |
2024-04-01 | $325,000 (-4.9%) | $342,570 (-2.5%) | 0.76 | 1,358 |
2024-05-01 | $333,852 (-3.2%) | $350,528 (-2.2%) | 0.75 | 1,426 |
2024-06-01 | $329,950 (-5.5%) | $347,052 (-3.5%) | 0.74 | 1,640 |
2024-07-01 | $324,975 (-4.2%) | $335,822 (-4.1%) | 0.74 | 1,782 |
2024-08-01 | $325,000 (-3.3%) | $334,678 (-3.6%) | 0.76 | 1,828 |
2024-09-01 | $324,963 (-1.5%) | $336,642 (-2.2%) | 0.76 | 1,888 |
2024-10-01 | $325,000 (-0.8%) | $335,182 (-2.8%) | 0.76 | 1,943 |
Fayetteville's median listing price comes in at 76% of the national average.
Fayetteville's average listing price for 2024-10-01 was $335,182, a difference of $-9,679 (-2.8%) versus the prior year and $-1,460 versus the prior month.
For the 2024-10-01 period, Fayetteville had 1,943 MLS listings, a difference of 55 listings (3%) versus the prior month and 583 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. LouisDate | 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 | 1,929 sqft |
2024-03-01 | 49 days | 1,977 sqft |
2024-04-01 | 43 days | 1,982 sqft |
2024-05-01 | 37 days | 2,046 sqft |
2024-06-01 | 40 days | 1,996 sqft |
2024-07-01 | 45 days | 1,981 sqft |
2024-08-01 | 51 days | 1,981 sqft |
2024-09-01 | 58 days | 1,977 sqft |
2024-10-01 | 58 days | 1,979 sqft |
Fayetteville's median square footage for active listings during the 2024-10-01 period was 1,979 sqft. One year prior, the average listing was 2,012 sqft.