Florence USDA Loan Rates, Closing Costs & Stats

FLORENCE, SC

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.

Florence's 24 lenders originated 50 USDA loans during 2024. The total origination value was $8,990,000, with an average USDA loan value of $179,800.

Florence USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Florence averaged 6.42% for the week of 2025-06-27, compared to the national average (all USDA variants) of 6.457% for the same period.

Florence's average USDA mortgage closing costs are $5,425.

The average rate for the prior week (2025-06-20) was 6.64% and one month ago for the week of 2025-05-23, the average rate was 6.6%.

The average rate one year ago was 6.91%.

For refis of the same type during the week of 2025-06-27, the average rate was 6.37%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Florence 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 Florence level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
SUN WEST MORTGAGE COMPANY, INC. 6 6.52% $7,947
RESOURCE FINANCIAL SERVICES, INC. 5 6.33% $7,643
CROSSCOUNTRY MORTGAGE, LLC 5 6.65% $7,105
DHI MORTGAGE COMPANY, LTD. 4 4.93% $5,405
Magnolia Bank 4 6.53% $7,214
MOVEMENT MORTGAGE, LLC 4 6.34% $8,034
EQUITY RESOURCES, INC. 2 6.50% $4,133
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $8,245
GENEVA FINANCIAL, LLC 2 5.94% $12,270
PNC Bank 1 6.75% $4,076
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.63% $3,698
SENTE MORTGAGE, INC. 1 7.00% $4,908
T2 FINANCIAL LLC 1 6.38% $13,131
Truist 1 5.75% $5,520
Alcova Mortgage LLC 1 7.13% $2,525
UNION HOME MORTGAGE CORP. 1 7.13% $5,441
CMG MORTGAGE, INC. 1 6.25% $8,816
Equity Prime Mortgage LLC 1 7.75% $6,041
First Bank 1 5.62% $5,600
FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $7,781
First Reliance Bank 1 5.75% $9,677
INSPIRE HOME LOANS INC. 1 5.13% $10,758
NORWICH COMMERCIAL GROUP, INC. 1 6.25% $5,577
Plains Commerce Bank 1 6.00% $6,929

The top Florence USDA lender as defined by loan originations is SUN WEST MORTGAGE COMPANY, INC., with 6 USDA loans originated. Their average total fees are $7,947, which is $304 higher than the next largest lender, RESOURCE FINANCIAL SERVICES, INC..

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

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