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 48 lenders originated 150 USDA loans during 2022. The total origination value was $31,600,000, with an average USDA loan value of $210,667.

Fayetteville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Fayetteville averaged 6.36% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Fayetteville's average USDA mortgage closing costs are $5,004.

The average rate for the prior week (2024-02-23) was 6.11% and one month ago for the week of 2024-01-26, the average rate was 5.87%.

The average rate one year ago was 6.23%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.03%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
MOVEMENT MORTGAGE, LLC 17 4.65% $6,382
UNION HOME MORTGAGE CORP. 12 4.71% $5,881
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 4.68% $6,332
CMG MORTGAGE, INC. 9 4.29% $8,411
CROSSCOUNTRY MORTGAGE, LLC 7 4.74% $4,848
NFM, INC. 6 4.88% $6,939
UNITED WHOLESALE MORTGAGE, LLC 6 5.32% $5,057
GoPrime Mortgage, Inc. 5 4.90% $5,071
CORNERSTONE HOME LENDING, INC. 5 4.65% $7,754
Truist 4 3.69% $5,700
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 5.47% $6,904
PRIMELENDING, A PLAINSCAPITAL COMPANY 4 4.78% $6,796
PENNYMAC LOAN SERVICES, LLC 4 3.16% $6,032
CARDINAL FINANCIAL 3 5.58% $7,488
Alcova Mortgage LLC 3 5.50% $6,195
HOMESPIRE MORTGAGE CORPORATION 3 4.71% $5,195
SOUTHERN TRUST MORTGAGE, LLC 3 3.79% $6,010
Bank of England 2 5.44% $8,604
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.50% $6,188
ACOPIA, LLC 2 4.81% $6,880
Blue Ridge Bank 2 5.31% $7,087
DAS Acquisition Company, LLC 2 4.88% $8,114
First Heritage Mortgage, LLC 2 5.62% $5,187
JET HOMELOANS, LLC 2 4.31% $8,315
Mortgage Research Center, LLC 2 5.38% $4,209
North State Bank 2 5.69% $5,378
OVM FINANCIAL, INC. 2 3.50% $6,773
T2 FINANCIAL LLC 2 4.44% $7,862
GUARANTEED RATE, INC. 1 3.75% $7,936
FREEDOM MORTGAGE CORPORATION 1 3.50% $4,017
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.63% $8,836
NVR Mortgage Finance, Inc. 1 3.50% $14,121
American Security Mortgage Corp. 1 5.38% $8,967
Paramount Residential Mortgage Group, Inc. 1 3.63% $5,921
EAGLE HOME MORTGAGE, LLC 1 3.75% $4,786
PLAZA HOME MORTGAGE, INC. 1 5.13% $11,374
Citizens Bank 1 3.25% $4,093
Prosperity Home Mortgage, LLC 1 6.63% $7,791
SECURITYNATIONAL MORTGAGE COMPANY 1 6.50% $5,483
Shamrock Home Loans, Inc. 1 3.00% $8,258
CHURCHILL MORTGAGE CORPORATION 1 5.13% $6,311
Wells Fargo Bank 1 5.25% $3,558
The Central Trust Bank 1 3.13% $5,717
HOMESIDE FINANCIAL, LLC 1 3.25% $7,279
HOME POINT FINANCIAL CORPORATION 1 2.75% $4,410
HUNT MORTGAGE CORPORATION 1 5.13% $5,225
The Fidelity Bank 1 3.50% $4,516
Austin Capital Bank SSB 1 3.75% $6,779

The top Fayetteville USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 17 USDA loans originated. Their average total fees are $6,382, which is $501 higher than the next largest lender, UNION HOME MORTGAGE CORP..

The lowest fee Fayetteville USDA lenders (with over 10 loans originated) are UNION HOME MORTGAGE CORP. ($5,881), MOVEMENT MORTGAGE, LLC ($6,382), .

The lowest rate Fayetteville USDA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC (4.65%), UNION HOME MORTGAGE CORP. (4.71%), .


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 (7.7%) $187,549 (3.1%) 0.63 2,964
2018-02-01 $170,750 (5.0%) $187,912 (1.2%) 0.62 2,896
2018-03-01 $174,900 (6.6%) $190,585 (1.6%) 0.61 2,917
2018-04-01 $178,595 (6.7%) $193,657 (3.0%) 0.61 2,870
2018-05-01 $178,000 (7.5%) $194,954 (4.0%) 0.59 2,878
2018-06-01 $177,500 (4.4%) $197,087 (4.0%) 0.59 2,830
2018-07-01 $177,950 (2.3%) $197,332 (3.4%) 0.59 2,823
2018-08-01 $179,800 (3.1%) $198,796 (4.4%) 0.60 2,753
2018-09-01 $179,900 (4.5%) $199,057 (5.5%) 0.60 2,724
2018-10-01 $179,900 (3.0%) $198,370 (5.7%) 0.61 2,597
2018-11-01 $179,700 (3.2%) $198,260 (5.6%) 0.61 2,538
2018-12-01 $177,500 (3.2%) $196,975 (4.9%) 0.61 2,449
2019-01-01 $179,925 (5.1%) $199,845 (6.6%) 0.62 2,318
2019-02-01 $189,950 (8.1%) $206,293 (9.8%) 0.64 2,240
2019-03-01 $199,286 (12.8%) $213,400 (12.0%) 0.65 2,102
2019-04-01 $204,286 (14.8%) $218,216 (12.7%) 0.65 2,021
2019-05-01 $199,900 (8.7%) $217,302 (11.5%) 0.62 2,029
2019-06-01 $199,900 (11.9%) $218,797 (11.0%) 0.62 2,079
2019-07-01 $199,850 (11.1%) $217,511 (10.2%) 0.63 2,104
2019-08-01 $199,900 (10.6%) $216,792 (9.1%) 0.63 2,076
2019-09-01 $199,900 (12.1%) $216,544 (8.8%) 0.64 2,041
2019-10-01 $199,450 (13.3%) $216,379 (9.1%) 0.64 2,004
2019-11-01 $199,500 (15.6%) $216,869 (9.4%) 0.65 1,912
2019-12-01 $199,900 (14.1%) $215,757 (9.5%) 0.67 1,800
2020-01-01 $206,500 (15.4%) $219,477 (9.8%) 0.69 1,643
2020-02-01 $214,900 (11.5%) $221,232 (7.2%) 0.70 1,529
2020-03-01 $212,000 (5.8%) $224,412 (5.2%) 0.66 1,417
2020-04-01 $217,800 (4.0%) $229,178 (5.0%) 0.68 1,354
2020-05-01 $225,000 (13.2%) $235,926 (8.6%) 0.68 1,148
2020-06-01 $234,950 (17.2%) $245,551 (12.2%) 0.69 957
2020-07-01 $237,350 (20.7%) $249,056 (14.5%) 0.69 882
2020-08-01 $245,000 (22.1%) $253,348 (16.9%) 0.70 799
2020-09-01 $244,410 (18.3%) $255,347 (17.9%) 0.70 779
2020-10-01 $239,900 (13.0%) $256,500 (18.5%) 0.69 748
2020-11-01 $237,481 (13.8%) $256,256 (18.2%) 0.69 711
2020-12-01 $235,000 (16.7%) $257,190 (19.2%) 0.70 664
2021-01-01 $229,900 (13.2%) $252,855 (15.2%) 0.69 569
2021-02-01 $230,225 (16.1%) $255,995 (15.7%) 0.67 493
2021-03-01 $214,975 (4.0%) $237,905 (6.0%) 0.61 472
2021-04-01 $214,750 (1.9%) $240,955 (5.1%) 0.58 473
2021-05-01 $219,900 (0.1%) $244,346 (3.6%) 0.58 488
2021-06-01 $219,450 (-5.7%) $243,341 (-0.9%) 0.58 539
2021-07-01 $220,000 (-8.0%) $255,940 (2.8%) 0.58 625
2021-08-01 $227,500 (-7.0%) $254,512 (0.5%) 0.61 715
2021-09-01 $227,850 (-6.0%) $258,673 (1.3%) 0.61 706
2021-10-01 $226,820 (-3.5%) $260,166 (1.4%) 0.60 747
2021-11-01 $231,675 (-3.9%) $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 (6.8%) $285,365 (12.9%) 0.67 498
2022-02-01 $249,950 (4.1%) $290,897 (13.6%) 0.65 425
2022-03-01 $237,500 (10.9%) $287,058 (20.7%) 0.59 418
2022-04-01 $269,000 (23.3%) $310,413 (28.8%) 0.64 488
2022-05-01 $294,725 (29.9%) $317,494 (29.9%) 0.67 603
2022-06-01 $297,200 (36.2%) $316,007 (29.9%) 0.66 807
2022-07-01 $307,500 (40.0%) $323,846 (26.5%) 0.69 947
2022-08-01 $325,500 (46.3%) $337,061 (32.4%) 0.75 1,014
2022-09-01 $329,900 (53.4%) $341,310 (32.0%) 0.77 1,035
2022-10-01 $335,000 (58.7%) $343,419 (32.0%) 0.79 1,073
2022-11-01 $339,900 (60.9%) $347,326 (30.3%) 0.82 1,189
2022-12-01 $335,038 (48.5%) $345,388 (27.2%) 0.83 1,171
2023-01-01 $339,975 (45.5%) $351,144 (23.1%) 0.84 1,092
2023-02-01 $341,450 (46.2%) $353,282 (21.5%) 0.82 1,029
2023-03-01 $345,975 (51.3%) $355,121 (23.7%) 0.82 966
2023-04-01 $341,654 (35.4%) $351,171 (13.1%) 0.79 952
2023-05-01 $344,803 (24.2%) $358,516 (12.9%) 0.78 947
2023-06-01 $349,300 (22.1%) $359,567 (13.8%) 0.78 955
2023-07-01 $339,273 (14.3%) $350,098 (8.1%) 0.77 994
2023-08-01 $335,950 (6.7%) $347,170 (3.0%) 0.77 1,084
2023-09-01 $330,000 (2.3%) $344,336 (0.9%) 0.77 1,228
2023-10-01 $327,745 (0.5%) $344,861 (0.4%) 0.77 1,360
2023-11-01 $326,400 (-2.8%) $344,551 (-0.8%) 0.78 1,441
2023-12-01 $324,900 (-4.1%) $338,614 (-2.0%) 0.79 1,516
2024-01-01 $324,802 (0.0%) $338,207 (-3.7%) 0.79 1,377
Fayetteville's median listing price for 2024-01-01 was $324,802, a difference of $-15,173 (0.0%) versus the prior year and $-98 versus the prior month.

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

Fayetteville's average listing price for 2024-01-01 was $338,207, a difference of $-12,937 (-3.7%) versus the prior year and $-407 versus the prior month.

For the 2024-01-01 period, Fayetteville had 1,377 MLS listings, a difference of -139 listings (-9%) versus the prior month and 285 listings (26%) 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
Fayetteville's median listing age (time on market) for 2024-01-01 was 63 days. This is -14% shorter than the same period one year ago.

Fayetteville's median square footage for active listings during the 2024-01-01 period was 1,966 sqft. One year prior, the average listing was 2,275 sqft.