Fayetteville USDA Loan Rates, Closing Costs & Stats

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 -0.03% for the week of 2022-11-25, compared to the national average (all USDA variants) of 0% for the same period.

    Fayetteville's average USDA mortgage closing costs are $4,847.

    The average rate for the prior week (2022-11-18) was 6.62% and one month ago for the week of 2022-10-21, the average rate was 6.83%.

    The average rate one year ago was 3.37%.

    For refis of the same type during the week of 2022-11-25, the average rate was -0.56%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    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 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 $169,900 (5.4%) $187,383 (3.0%) 0.63 2,961
    2018-02-01 $170,750 (2.5%) $187,702 (1.1%) 0.62 2,892
    2018-03-01 $174,900 (3.5%) $190,381 (1.5%) 0.61 2,913
    2018-04-01 $178,075 (5.4%) $193,434 (2.9%) 0.60 2,866
    2018-05-01 $177,995 (4.8%) $194,863 (3.9%) 0.59 2,876
    2018-06-01 $177,000 (2.9%) $196,995 (4.0%) 0.59 2,828
    2018-07-01 $177,875 (2.8%) $197,288 (3.4%) 0.59 2,821
    2018-08-01 $179,700 (3.9%) $198,740 (4.3%) 0.60 2,751
    2018-09-01 $179,900 (5.9%) $198,965 (5.5%) 0.60 2,722
    2018-10-01 $179,900 (6.0%) $198,319 (5.7%) 0.61 2,595
    2018-11-01 $179,450 (5.6%) $198,240 (5.6%) 0.61 2,537
    2018-12-01 $177,500 (4.5%) $196,955 (5.0%) 0.61 2,449
    2019-01-01 $179,925 (5.9%) $199,823 (6.6%) 0.62 2,318
    2019-02-01 $189,950 (11.2%) $206,277 (9.9%) 0.64 2,240
    2019-03-01 $199,286 (13.9%) $213,386 (12.1%) 0.65 2,104
    2019-04-01 $204,286 (14.7%) $218,174 (12.8%) 0.65 2,028
    2019-05-01 $199,900 (12.3%) $217,178 (11.5%) 0.62 2,032
    2019-06-01 $199,900 (12.9%) $218,602 (11.0%) 0.62 2,083
    2019-07-01 $199,600 (12.2%) $217,158 (10.1%) 0.62 2,107
    2019-08-01 $199,645 (11.1%) $216,408 (8.9%) 0.63 2,078
    2019-09-01 $199,564 (10.9%) $216,182 (8.7%) 0.64 2,040
    2019-10-01 $198,750 (10.5%) $216,030 (8.9%) 0.64 2,002
    2019-11-01 $199,000 (10.9%) $216,543 (9.2%) 0.65 1,911
    2019-12-01 $199,700 (12.5%) $215,418 (9.4%) 0.67 1,799
    2020-01-01 $205,700 (14.3%) $219,145 (9.7%) 0.69 1,645
    2020-02-01 $214,366 (12.9%) $220,973 (7.1%) 0.70 1,532
    2020-03-01 $211,475 (6.1%) $224,255 (5.1%) 0.66 1,423
    2020-04-01 $217,725 (6.6%) $229,002 (5.0%) 0.68 1,362
    2020-05-01 $224,900 (12.5%) $235,617 (8.5%) 0.68 1,155
    2020-06-01 $234,700 (17.4%) $245,055 (12.1%) 0.69 963
    2020-07-01 $236,400 (18.4%) $248,554 (14.5%) 0.69 889
    2020-08-01 $245,000 (22.7%) $253,132 (17.0%) 0.70 803
    2020-09-01 $240,000 (20.3%) $254,681 (17.8%) 0.69 778
    2020-10-01 $239,000 (20.3%) $255,784 (18.4%) 0.68 749
    2020-11-01 $235,000 (18.1%) $255,280 (17.9%) 0.69 709
    2020-12-01 $233,240 (16.8%) $256,138 (18.9%) 0.69 666
    2021-01-01 $229,000 (11.3%) $251,921 (15.0%) 0.68 572
    2021-02-01 $229,735 (7.2%) $254,433 (15.1%) 0.67 500
    2021-03-01 $214,925 (1.6%) $236,556 (5.5%) 0.61 479
    2021-04-01 $211,625 (-2.8%) $239,609 (4.6%) 0.57 476
    2021-05-01 $219,900 (-2.2%) $243,331 (3.3%) 0.58 493
    2021-06-01 $218,875 (-6.7%) $242,415 (-1.1%) 0.58 545
    2021-07-01 $220,000 (-6.9%) $255,266 (2.7%) 0.58 633
    2021-08-01 $227,500 (-7.1%) $253,410 (0.1%) 0.61 720
    2021-09-01 $225,000 (-6.3%) $257,367 (1.1%) 0.60 711
    2021-10-01 $225,000 (-5.9%) $259,140 (1.3%) 0.60 749
    2021-11-01 $229,900 (-2.2%) $264,896 (3.8%) 0.61 677
    2021-12-01 $239,900 (2.9%) $270,016 (5.4%) 0.65 593
    2022-01-01 $249,450 (8.9%) $283,876 (12.7%) 0.67 505
    2022-02-01 $249,500 (8.6%) $289,583 (13.8%) 0.65 435
    2022-03-01 $235,250 (9.5%) $285,531 (20.7%) 0.59 424
    2022-04-01 $265,000 (25.2%) $307,663 (28.4%) 0.63 499
    2022-05-01 $291,250 (32.5%) $315,060 (29.5%) 0.67 606
    2022-06-01 $295,870 (35.2%) $314,065 (29.6%) 0.66 809
    2022-07-01 $302,140 (37.3%) $322,528 (26.4%) 0.68 945
    2022-08-01 $325,000 (42.9%) $334,677 (32.1%) 0.75 1,006
    2022-09-01 $328,536 (46.0%) $339,318 (31.8%) 0.77 1,031
    2022-10-01 $334,900 (48.8%) $342,077 (32.0%) 0.79 1,069
    Fayetteville's median listing price for 2022-10-01 was $334,900, a difference of $109,900 (48.8%) versus the prior year and $6,364 versus the prior month.

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

    Fayetteville's average listing price for 2022-10-01 was $342,077, a difference of $82,937 (32.0%) versus the prior year and $2,759 versus the prior month.

    For the 2022-10-01 period, Fayetteville had 1,069 MLS listings, a difference of 38 listings (4%) versus the prior month and 320 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. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 103 days 1,850 sqft
    2018-02-01 101 days 1,850 sqft
    2018-03-01 87 days 1,850 sqft
    2018-04-01 77 days 1,950 sqft
    2018-05-01 73 days 1,950 sqft
    2018-06-01 73 days 1,950 sqft
    2018-07-01 74 days 1,950 sqft
    2018-08-01 78 days 1,950 sqft
    2018-09-01 81 days 1,950 sqft
    2018-10-01 88 days 1,950 sqft
    2018-11-01 93 days 1,950 sqft
    2018-12-01 98 days 1,894 sqft
    2019-01-01 92 days 1,950 sqft
    2019-02-01 93 days 1,963 sqft
    2019-03-01 81 days 2,013 sqft
    2019-04-01 68 days 2,051 sqft
    2019-05-01 61 days 2,054 sqft
    2019-06-01 62 days 2,077 sqft
    2019-07-01 63 days 1,967 sqft
    2019-08-01 66 days 1,957 sqft
    2019-09-01 67 days 1,953 sqft
    2019-10-01 70 days 1,950 sqft
    2019-11-01 71 days 1,950 sqft
    2019-12-01 79 days 1,950 sqft
    2020-01-01 84 days 1,950 sqft
    2020-02-01 72 days 2,075 sqft
    2020-03-01 58 days 1,993 sqft
    2020-04-01 58 days 2,065 sqft
    2020-05-01 62 days 2,100 sqft
    2020-06-01 59 days 2,100 sqft
    2020-07-01 56 days 2,100 sqft
    2020-08-01 54 days 2,100 sqft
    2020-09-01 51 days 2,100 sqft
    2020-10-01 48 days 2,100 sqft
    2020-11-01 52 days 2,100 sqft
    2020-12-01 52 days 2,083 sqft
    2021-01-01 51 days 1,950 sqft
    2021-02-01 41 days 1,950 sqft
    2021-03-01 32 days 1,850 sqft
    2021-04-01 35 days 1,847 sqft
    2021-05-01 34 days 1,909 sqft
    2021-06-01 34 days 1,883 sqft
    2021-07-01 35 days 1,868 sqft
    2021-08-01 34 days 1,884 sqft
    2021-09-01 38 days 1,854 sqft
    2021-10-01 40 days 1,850 sqft
    2021-11-01 44 days 1,869 sqft
    2021-12-01 50 days 1,889 sqft
    2022-01-01 51 days 1,942 sqft
    2022-02-01 36 days 1,935 sqft
    2022-03-01 34 days 1,851 sqft
    2022-04-01 26 days 1,950 sqft
    2022-05-01 30 days 1,989 sqft
    2022-06-01 29 days 2,054 sqft
    2022-07-01 35 days 2,100 sqft
    2022-08-01 38 days 2,153 sqft
    2022-09-01 44 days 2,141 sqft
    2022-10-01 54 days 2,243 sqft
    Fayetteville's median listing age (time on market) for 2022-10-01 was 54 days. This is 35% longer than the same period one year ago.

    Fayetteville's median square footage for active listings during the 2022-10-01 period was 2,243 sqft. One year prior, the average listing was 1,850 sqft.