Florence USDA Loan Rates, Closing Costs & Stats

FLORENCE, SC

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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.

    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 6.41% for the week of 2025-07-11, compared to the national average (all USDA variants) of 6.449% for the same period.

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

    The average rate for the prior week (2025-07-04) was 6.52% and one month ago for the week of 2025-06-06, the average rate was 6.62%.

    The average rate one year ago was 6.6%.

    For refis of the same type during the week of 2025-07-11, the average rate was 5.96%.

    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 .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Florence (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 $159,900 (2.8%) $199,158 (4.1%) 0.59 606
    2018-02-01 $166,750 (5.2%) $205,389 (6.9%) 0.61 618
    2018-03-01 $173,550 (8.8%) $208,815 (5.5%) 0.61 651
    2018-04-01 $170,000 (4.1%) $209,606 (1.9%) 0.58 670
    2018-05-01 $179,900 (8.4%) $216,308 (2.7%) 0.60 703
    2018-06-01 $177,450 (5.9%) $215,056 (1.5%) 0.59 714
    2018-07-01 $177,575 (1.5%) $211,010 (-1.4%) 0.59 741
    2018-08-01 $175,625 (1.9%) $206,101 (-3.2%) 0.59 744
    2018-09-01 $175,000 (4.2%) $201,674 (-2.5%) 0.59 698
    2018-10-01 $169,950 (-1.1%) $199,921 (-5.7%) 0.58 681
    2018-11-01 $169,900 (0.0%) $197,445 (-7.5%) 0.58 667
    2018-12-01 $166,500 (1.2%) $195,220 (-0.8%) 0.57 662
    2019-01-01 $168,586 (5.4%) $196,657 (-1.3%) 0.58 640
    2019-02-01 $168,225 (0.9%) $197,626 (-3.8%) 0.57 635
    2019-03-01 $168,500 (-2.9%) $199,443 (-4.5%) 0.55 743
    2019-04-01 $172,425 (1.4%) $203,938 (-2.7%) 0.55 883
    2019-05-01 $182,250 (1.3%) $210,689 (-2.6%) 0.57 862
    2019-06-01 $187,995 (5.9%) $217,241 (1.0%) 0.59 862
    2019-07-01 $186,495 (5.0%) $217,998 (3.3%) 0.58 864
    2019-08-01 $183,336 (4.4%) $214,370 (4.0%) 0.58 855
    2019-09-01 $180,841 (3.3%) $212,232 (5.2%) 0.58 841
    2019-10-01 $179,702 (5.7%) $211,473 (5.8%) 0.58 835
    2019-11-01 $184,950 (8.9%) $211,247 (7.0%) 0.61 827
    2019-12-01 $185,080 (11.2%) $210,364 (7.8%) 0.62 731
    2020-01-01 $185,413 (10.0%) $208,704 (6.1%) 0.62 713
    2020-02-01 $189,900 (12.9%) $206,735 (4.6%) 0.62 767
    2020-03-01 $188,873 (12.1%) $211,485 (6.0%) 0.59 780
    2020-04-01 $189,900 (10.1%) $215,026 (5.4%) 0.59 748
    2020-05-01 $199,000 (9.2%) $221,377 (5.1%) 0.60 723
    2020-06-01 $200,000 (6.4%) $226,102 (4.1%) 0.59 720
    2020-07-01 $192,900 (3.4%) $219,752 (0.8%) 0.56 738
    2020-08-01 $189,900 (3.6%) $221,338 (3.3%) 0.54 686
    2020-09-01 $189,925 (5.0%) $224,469 (5.8%) 0.54 629
    2020-10-01 $190,900 (6.2%) $226,735 (7.2%) 0.55 579
    2020-11-01 $189,950 (2.7%) $227,895 (7.9%) 0.56 571
    2020-12-01 $189,500 (2.4%) $225,837 (7.4%) 0.56 549
    2021-01-01 $189,900 (2.4%) $225,061 (7.8%) 0.57 524
    2021-02-01 $205,000 (8.0%) $232,002 (12.2%) 0.60 536
    2021-03-01 $199,925 (5.9%) $232,147 (9.8%) 0.57 546
    2021-04-01 $214,975 (13.2%) $244,879 (13.9%) 0.58 545
    2021-05-01 $210,000 (5.5%) $245,126 (10.7%) 0.56 541
    2021-06-01 $212,450 (6.2%) $245,289 (8.5%) 0.56 550
    2021-07-01 $207,000 (7.3%) $240,366 (9.4%) 0.55 550
    2021-08-01 $217,100 (14.3%) $625,990 (182.8%) 0.58 577
    2021-09-01 $219,100 (15.4%) $615,937 (174.4%) 0.58 608
    2021-10-01 $217,000 (13.7%) $648,424 (186.0%) 0.58 567
    2021-11-01 $222,525 (17.2%) $658,869 (189.1%) 0.59 556
    2021-12-01 $225,803 (19.2%) $264,916 (17.3%) 0.61 532
    2022-01-01 $235,000 (23.8%) $267,698 (18.9%) 0.64 485
    2022-02-01 $239,225 (16.7%) $272,204 (17.3%) 0.62 483
    2022-03-01 $235,526 (17.8%) $266,348 (14.7%) 0.59 497
    2022-04-01 $235,000 (9.3%) $271,235 (10.8%) 0.56 450
    2022-05-01 $242,450 (15.5%) $275,365 (12.3%) 0.55 517
    2022-06-01 $256,294 (20.6%) $289,683 (18.1%) 0.57 589
    2022-07-01 $264,836 (27.9%) $288,098 (19.9%) 0.60 608
    2022-08-01 $251,019 (15.6%) $281,322 (-55.1%) 0.58 618
    2022-09-01 $267,475 (22.1%) $288,532 (-53.2%) 0.63 610
    2022-10-01 $273,369 (26.0%) $292,545 (-54.9%) 0.64 611
    2022-11-01 $274,497 (23.4%) $287,656 (-56.3%) 0.66 585
    2022-12-01 $269,900 (19.5%) $283,900 (7.2%) 0.67 543
    2023-01-01 $259,748 (10.5%) $278,672 (4.1%) 0.64 528
    2023-02-01 $254,500 (6.4%) $272,318 (0.0%) 0.61 533
    2023-03-01 $259,923 (10.4%) $283,507 (6.4%) 0.61 493
    2023-04-01 $259,000 (10.2%) $282,398 (4.1%) 0.60 519
    2023-05-01 $266,223 (9.8%) $290,526 (5.5%) 0.60 498
    2023-06-01 $273,700 (6.8%) $299,595 (3.4%) 0.62 505
    2023-07-01 $275,490 (4.0%) $300,807 (4.4%) 0.63 517
    2023-08-01 $274,349 (9.3%) $298,468 (6.1%) 0.63 508
    2023-09-01 $271,576 (1.5%) $292,625 (1.4%) 0.63 510
    2023-10-01 $266,995 (-2.3%) $289,915 (-0.9%) 0.63 522
    2023-11-01 $260,313 (-5.2%) $284,980 (-0.9%) 0.62 490
    2023-12-01 $257,900 (-4.5%) $279,264 (-1.6%) 0.63 454
    2024-01-01 $252,450 (-2.8%) $266,068 (-4.5%) 0.62 455
    2024-02-01 $248,406 (-2.4%) $265,706 (-2.4%) 0.60 501
    2024-03-01 $249,500 (-4.0%) $277,230 (-2.2%) 0.59 513
    2024-04-01 $250,635 (-3.2%) $284,376 (0.7%) 0.58 556
    2024-05-01 $249,950 (-6.1%) $282,610 (-2.7%) 0.57 585
    2024-06-01 $249,900 (-8.7%) $290,040 (-3.2%) 0.57 594
    2024-07-01 $248,498 (-9.8%) $295,805 (-1.7%) 0.57 611
    2024-08-01 $249,900 (-8.9%) $293,501 (-1.7%) 0.58 626
    2024-09-01 $249,900 (-8.0%) $291,648 (-0.3%) 0.59 641
    2024-10-01 $249,300 (-6.6%) $292,639 (0.9%) 0.59 666
    2024-11-01 $249,900 (-4.0%) $291,049 (2.1%) 0.60 639
    2024-12-01 $251,475 (-2.5%) $296,088 (6.0%) 0.62 583
    2025-01-01 $249,900 (-1.0%) $303,047 (13.9%) 0.62 583
    2025-02-01 $248,875 (0.2%) $302,267 (13.8%) 0.60 615
    2025-03-01 $250,000 (0.2%) $308,200 (11.2%) 0.59 633
    2025-04-01 $254,925 (1.7%) $311,264 (9.5%) 0.59 694
    2025-05-01 $265,000 (6.0%) $305,653 (8.2%) 0.60 701
    2025-06-01 $265,000 (6.0%) $305,971 (5.5%) 0.60 709
    Florence's median listing price for 2025-06-01 was $265,000, a difference of $15,100 (6.0%) versus the prior year and $0 versus the prior month.

    Florence's median listing price comes in at 60% of the national average.

    Florence's average listing price for 2025-06-01 was $305,971, a difference of $15,931 (5.5%) versus the prior year and $318 versus the prior month.

    For the 2025-06-01 period, Florence had 709 MLS listings, a difference of 8 listings (1%) versus the prior month and 115 listings (19%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Florence (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 96 days 1,890 sqft
    2018-02-01 96 days 1,952 sqft
    2018-03-01 73 days 2,030 sqft
    2018-04-01 68 days 2,074 sqft
    2018-05-01 67 days 2,100 sqft
    2018-06-01 71 days 2,086 sqft
    2018-07-01 77 days 2,082 sqft
    2018-08-01 81 days 2,045 sqft
    2018-09-01 89 days 2,008 sqft
    2018-10-01 89 days 1,922 sqft
    2018-11-01 94 days 1,861 sqft
    2018-12-01 93 days 1,849 sqft
    2019-01-01 93 days 1,868 sqft
    2019-02-01 94 days 1,902 sqft
    2019-03-01 88 days 1,904 sqft
    2019-04-01 82 days 1,921 sqft
    2019-05-01 80 days 1,980 sqft
    2019-06-01 79 days 2,020 sqft
    2019-07-01 78 days 2,075 sqft
    2019-08-01 80 days 2,028 sqft
    2019-09-01 82 days 1,985 sqft
    2019-10-01 82 days 1,981 sqft
    2019-11-01 79 days 1,981 sqft
    2019-12-01 88 days 1,984 sqft
    2020-01-01 95 days 1,984 sqft
    2020-02-01 89 days 2,003 sqft
    2020-03-01 70 days 2,009 sqft
    2020-04-01 74 days 2,030 sqft
    2020-05-01 78 days 2,072 sqft
    2020-06-01 81 days 2,092 sqft
    2020-07-01 69 days 2,043 sqft
    2020-08-01 66 days 2,002 sqft
    2020-09-01 75 days 2,035 sqft
    2020-10-01 74 days 2,010 sqft
    2020-11-01 59 days 1,887 sqft
    2020-12-01 61 days 1,851 sqft
    2021-01-01 61 days 1,902 sqft
    2021-02-01 46 days 2,070 sqft
    2021-03-01 49 days 2,040 sqft
    2021-04-01 50 days 2,046 sqft
    2021-05-01 50 days 2,044 sqft
    2021-06-01 48 days 1,975 sqft
    2021-07-01 45 days 1,885 sqft
    2021-08-01 44 days 1,933 sqft
    2021-09-01 44 days 1,964 sqft
    2021-10-01 54 days 1,880 sqft
    2021-11-01 56 days 1,913 sqft
    2021-12-01 52 days 1,910 sqft
    2022-01-01 61 days 1,908 sqft
    2022-02-01 54 days 1,902 sqft
    2022-03-01 44 days 1,877 sqft
    2022-04-01 46 days 1,837 sqft
    2022-05-01 38 days 1,826 sqft
    2022-06-01 37 days 1,916 sqft
    2022-07-01 44 days 1,956 sqft
    2022-08-01 54 days 1,945 sqft
    2022-09-01 55 days 1,964 sqft
    2022-10-01 57 days 2,002 sqft
    2022-11-01 64 days 2,037 sqft
    2022-12-01 74 days 1,961 sqft
    2023-01-01 81 days 1,954 sqft
    2023-02-01 75 days 1,926 sqft
    2023-03-01 65 days 1,947 sqft
    2023-04-01 54 days 1,910 sqft
    2023-05-01 51 days 1,960 sqft
    2023-06-01 51 days 1,961 sqft
    2023-07-01 50 days 1,956 sqft
    2023-08-01 52 days 1,914 sqft
    2023-09-01 53 days 1,913 sqft
    2023-10-01 52 days 1,914 sqft
    2023-11-01 56 days 1,832 sqft
    2023-12-01 66 days 1,823 sqft
    2024-01-01 72 days 1,724 sqft
    2024-02-01 60 days 1,737 sqft
    2024-03-01 51 days 1,755 sqft
    2024-04-01 51 days 1,739 sqft
    2024-05-01 52 days 1,751 sqft
    2024-06-01 55 days 1,750 sqft
    2024-07-01 54 days 1,782 sqft
    2024-08-01 57 days 1,773 sqft
    2024-09-01 60 days 1,774 sqft
    2024-10-01 61 days 1,771 sqft
    2024-11-01 61 days 1,764 sqft
    2024-12-01 75 days 1,768 sqft
    2025-01-01 79 days 1,728 sqft
    2025-02-01 76 days 1,736 sqft
    2025-03-01 67 days 1,767 sqft
    2025-04-01 62 days 1,777 sqft
    2025-05-01 56 days 1,820 sqft
    2025-06-01 58 days 1,849 sqft
    Florence's median listing age (time on market) for 2025-06-01 was 58 days. This is 5% longer than the same period one year ago.

    Florence's median square footage for active listings during the 2025-06-01 period was 1,849 sqft. One year prior, the average listing was 1,750 sqft.