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 20 lenders originated 39 USDA loans during 2023. The total origination value was $6,435,000, with an average USDA loan value of $165,000.
Florence USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Florence
averaged
6.34%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Florence's average USDA mortgage closing costs are $5,231.
The average rate for the prior week (2024-12-06) was
6.48% and
one month ago for the week of 2024-11-08, the
average rate was 6.39%.
The average rate one year ago was 6.86%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.43%.
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 | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
SUN WEST MORTGAGE COMPANY, INC. | 6 | 6.31% | $7,491 |
Magnolia Bank | 6 | 6.85% | $8,061 |
CROSSCOUNTRY MORTGAGE, LLC | 4 | 6.94% | $6,362 |
First Reliance Bank | 3 | 6.38% | $5,447 |
GUILD MORTGAGE COMPANY | 2 | 6.75% | $6,749 |
EQUITY RESOURCES, INC. | 2 | 7.56% | $4,514 |
GSF Mortgage Corporation | 2 | 6.31% | $9,353 |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 2 | 7.00% | $6,025 |
SOUTHPOINT FINANCIAL SERVICES, INC. | 1 | 7.13% | $3,869 |
UNION HOME MORTGAGE CORP. | 1 | 7.25% | $6,960 |
United Community Bank | 1 | 6.63% | $6,667 |
CBM Mortgage, Inc. | 1 | 6.13% | $6,907 |
Wells Fargo Bank | 1 | 5.25% | $4,436 |
DELMAR FINANCIAL COMPANY | 1 | 6.88% | $5,820 |
GUARANTEED RATE, INC. | 1 | 6.50% | $4,327 |
INSPIRE HOME LOANS INC. | 1 | 6.63% | $13,627 |
MORTGAGE INVESTORS GROUP, INC. | 1 | 7.50% | $5,693 |
MOVEMENT MORTGAGE, LLC | 1 | 5.75% | $5,370 |
Paramount Residential Mortgage Group, Inc. | 1 | 6.13% | $6,978 |
RESOURCE FINANCIAL SERVICES, INC. | 1 | 5.63% | $7,708 |
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
$7,491, which is $570
lower than the next largest lender,
Magnolia Bank.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $159,900 (2.9%) | $199,165 (4.1%) | 0.59 | 605 |
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 (5.7%) | $215,056 (1.4%) | 0.59 | 714 |
2018-07-01 | $177,575 (1.5%) | $211,010 (-1.5%) | 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 (-2.6%) | 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%) | $199,434 (-4.5%) | 0.55 | 742 |
2019-04-01 | $172,425 (1.4%) | $203,928 (-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%) | $227,909 (7.9%) | 0.56 | 570 |
2020-12-01 | $189,475 (2.4%) | $225,849 (7.4%) | 0.56 | 548 |
2021-01-01 | $189,900 (2.4%) | $225,072 (7.8%) | 0.57 | 523 |
2021-02-01 | $206,725 (8.9%) | $232,198 (12.3%) | 0.60 | 534 |
2021-03-01 | $199,950 (5.9%) | $232,312 (9.9%) | 0.57 | 545 |
2021-04-01 | $214,925 (13.2%) | $244,884 (13.9%) | 0.58 | 544 |
2021-05-01 | $210,000 (5.5%) | $245,144 (10.7%) | 0.56 | 540 |
2021-06-01 | $212,450 (6.2%) | $245,306 (8.5%) | 0.56 | 549 |
2021-07-01 | $206,950 (7.3%) | $240,368 (9.4%) | 0.55 | 549 |
2021-08-01 | $217,100 (14.3%) | $626,991 (183.3%) | 0.58 | 576 |
2021-09-01 | $219,100 (15.4%) | $617,263 (175.0%) | 0.58 | 606 |
2021-10-01 | $217,300 (13.8%) | $649,270 (186.4%) | 0.58 | 566 |
2021-11-01 | $222,500 (17.1%) | $659,387 (189.3%) | 0.59 | 555 |
2021-12-01 | $225,053 (18.8%) | $264,812 (17.3%) | 0.61 | 531 |
2022-01-01 | $233,500 (23.0%) | $267,587 (18.9%) | 0.63 | 484 |
2022-02-01 | $239,000 (15.6%) | $272,103 (17.2%) | 0.62 | 482 |
2022-03-01 | $235,000 (17.5%) | $266,241 (14.6%) | 0.59 | 496 |
2022-04-01 | $235,000 (9.3%) | $271,235 (10.8%) | 0.56 | 450 |
2022-05-01 | $242,945 (15.7%) | $276,034 (12.6%) | 0.56 | 519 |
2022-06-01 | $257,601 (21.3%) | $290,234 (18.3%) | 0.57 | 591 |
2022-07-01 | $265,000 (28.1%) | $288,454 (20.0%) | 0.60 | 610 |
2022-08-01 | $251,114 (15.7%) | $281,749 (-55.1%) | 0.58 | 619 |
2022-09-01 | $267,475 (22.1%) | $288,745 (-53.2%) | 0.63 | 610 |
2022-10-01 | $273,763 (26.0%) | $292,797 (-54.9%) | 0.64 | 610 |
2022-11-01 | $274,539 (23.4%) | $288,302 (-56.3%) | 0.66 | 585 |
2022-12-01 | $269,900 (19.9%) | $284,580 (7.5%) | 0.67 | 544 |
2023-01-01 | $260,950 (11.8%) | $279,849 (4.6%) | 0.65 | 530 |
2023-02-01 | $255,000 (6.7%) | $272,791 (0.3%) | 0.62 | 534 |
2023-03-01 | $259,968 (10.6%) | $283,950 (6.7%) | 0.61 | 494 |
2023-04-01 | $259,000 (10.2%) | $282,803 (4.3%) | 0.60 | 520 |
2023-05-01 | $266,723 (9.8%) | $291,368 (5.6%) | 0.60 | 500 |
2023-06-01 | $273,950 (6.4%) | $300,362 (3.5%) | 0.62 | 507 |
2023-07-01 | $276,990 (4.5%) | $301,539 (4.5%) | 0.63 | 519 |
2023-08-01 | $275,445 (9.7%) | $299,320 (6.2%) | 0.63 | 510 |
2023-09-01 | $271,576 (1.5%) | $292,625 (1.3%) | 0.63 | 509 |
2023-10-01 | $266,995 (-2.5%) | $289,964 (-1.0%) | 0.63 | 521 |
2023-11-01 | $260,288 (-5.2%) | $284,980 (-1.2%) | 0.62 | 490 |
2023-12-01 | $257,450 (-4.6%) | $279,264 (-1.9%) | 0.63 | 454 |
2024-01-01 | $252,425 (-3.3%) | $266,068 (-4.9%) | 0.62 | 455 |
2024-02-01 | $248,406 (-2.6%) | $265,706 (-2.6%) | 0.60 | 501 |
2024-03-01 | $249,500 (-4.0%) | $277,230 (-2.4%) | 0.59 | 513 |
2024-04-01 | $250,635 (-3.2%) | $284,376 (0.6%) | 0.58 | 556 |
2024-05-01 | $250,261 (-6.2%) | $282,843 (-2.9%) | 0.57 | 583 |
2024-06-01 | $249,000 (-9.1%) | $290,591 (-3.3%) | 0.56 | 594 |
2024-07-01 | $248,498 (-10.3%) | $295,784 (-1.9%) | 0.57 | 611 |
2024-08-01 | $249,900 (-9.3%) | $293,619 (-1.9%) | 0.58 | 624 |
2024-09-01 | $249,900 (-8.0%) | $291,759 (-0.3%) | 0.59 | 639 |
2024-10-01 | $249,150 (-6.7%) | $292,841 (1.0%) | 0.59 | 663 |
2024-11-01 | $249,900 (-4.0%) | $291,276 (2.2%) | 0.60 | 635 |
Florence's median listing price comes in at 60% of the national average.
Florence's average listing price for 2024-11-01 was $291,276, a difference of $6,296 (2.2%) versus the prior year and $-1,565 versus the prior month.
For the 2024-11-01 period, Florence had 635 MLS listings, a difference of -28 listings (-4%) versus the prior month and 145 listings (30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Florence (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 2,071 sqft |
2019-08-01 | 80 days | 2,020 sqft |
2019-09-01 | 82 days | 1,982 sqft |
2019-10-01 | 82 days | 1,980 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 | 1,884 sqft |
2020-12-01 | 61 days | 1,849 sqft |
2021-01-01 | 61 days | 1,900 sqft |
2021-02-01 | 46 days | 2,070 sqft |
2021-03-01 | 49 days | 2,041 sqft |
2021-04-01 | 50 days | 2,045 sqft |
2021-05-01 | 50 days | 2,034 sqft |
2021-06-01 | 48 days | 1,969 sqft |
2021-07-01 | 45 days | 1,882 sqft |
2021-08-01 | 44 days | 1,931 sqft |
2021-09-01 | 44 days | 1,964 sqft |
2021-10-01 | 54 days | 1,888 sqft |
2021-11-01 | 56 days | 1,911 sqft |
2021-12-01 | 52 days | 1,905 sqft |
2022-01-01 | 61 days | 1,906 sqft |
2022-02-01 | 53 days | 1,900 sqft |
2022-03-01 | 44 days | 1,871 sqft |
2022-04-01 | 46 days | 1,837 sqft |
2022-05-01 | 38 days | 1,829 sqft |
2022-06-01 | 37 days | 1,923 sqft |
2022-07-01 | 44 days | 1,956 sqft |
2022-08-01 | 54 days | 1,948 sqft |
2022-09-01 | 55 days | 1,966 sqft |
2022-10-01 | 56 days | 2,002 sqft |
2022-11-01 | 64 days | 2,050 sqft |
2022-12-01 | 74 days | 1,961 sqft |
2023-01-01 | 82 days | 1,956 sqft |
2023-02-01 | 75 days | 1,937 sqft |
2023-03-01 | 65 days | 1,949 sqft |
2023-04-01 | 55 days | 1,914 sqft |
2023-05-01 | 51 days | 1,962 sqft |
2023-06-01 | 51 days | 1,961 sqft |
2023-07-01 | 51 days | 1,959 sqft |
2023-08-01 | 52 days | 1,927 sqft |
2023-09-01 | 53 days | 1,913 sqft |
2023-10-01 | 52 days | 1,920 sqft |
2023-11-01 | 56 days | 1,831 sqft |
2023-12-01 | 66 days | 1,827 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 | 51 days | 1,763 sqft |
2024-06-01 | 53 days | 1,773 sqft |
2024-07-01 | 54 days | 1,783 sqft |
2024-08-01 | 58 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 |
Florence's median square footage for active listings during the 2024-11-01 period was 1,764 sqft. One year prior, the average listing was 1,831 sqft.