Forest City USDA Loan Rates, Closing Costs & Stats

Forest City, 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.

    Forest City's 8 lenders originated 18 USDA loans during 2024. The total origination value was $3,730,000, with an average USDA loan value of $207,222.

    Forest City USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Forest City averaged 6.83% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

    Forest City's average USDA mortgage closing costs are $5,026.

    The average rate for the prior week (2025-03-28) was 6.79% and one month ago for the week of 2025-02-28, the average rate was 6.54%.

    The average rate one year ago was 6.89%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.55%.

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

    Forest City 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 Forest City level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    MOVEMENT MORTGAGE, LLC 6 6.79% $6,319
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 5 6.58% $8,177
    UNION HOME MORTGAGE CORP. 2 6.31% $9,537
    United Community Bank 1 7.13% $5,120
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.63% $6,780
    Uwharrie Bank 1 6.63% $7,606
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.75% $3,675
    Plains Commerce Bank 1 6.00% $10,033

    The top Forest City USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 6 USDA loans originated. Their average total fees are $6,319, which is $1,858 lower than the next largest lender, ATLANTIC BAY MORTGAGE GROUP, L.L.C..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Forest City (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 $229,900 (8.2%) $353,032 (15.3%) 0.00 421
    2018-02-01 $229,450 (5.5%) $367,160 (19.6%) 0.00 396
    2018-03-01 $231,500 (6.6%) $373,750 (20.7%) 0.00 407
    2018-04-01 $247,400 (10.0%) $389,434 (19.9%) 0.00 429
    2018-05-01 $259,800 (8.3%) $404,073 (19.6%) 0.00 459
    2018-06-01 $295,000 (19.0%) $448,691 (30.5%) 0.00 426
    2018-07-01 $291,725 (16.9%) $444,670 (27.2%) 0.00 465
    2018-08-01 $299,900 (17.8%) $461,531 (30.9%) 0.00 466
    2018-09-01 $299,900 (15.8%) $461,718 (28.3%) 0.00 497
    2018-10-01 $299,000 (12.8%) $448,602 (21.6%) 0.00 482
    2018-11-01 $299,000 (15.4%) $441,686 (18.2%) 0.00 479
    2018-12-01 $299,900 (20.0%) $443,907 (18.7%) 0.00 445
    2019-01-01 $299,675 (30.4%) $445,838 (26.3%) 0.00 421
    2019-02-01 $299,900 (30.7%) $445,865 (21.4%) 0.00 414
    2019-03-01 $299,386 (29.3%) $435,465 (16.5%) 0.00 437
    2019-04-01 $299,900 (21.2%) $439,272 (12.8%) 0.00 453
    2019-05-01 $299,900 (15.4%) $434,264 (7.5%) 0.00 485
    2019-06-01 $300,000 (1.7%) $443,833 (-1.1%) 0.00 507
    2019-07-01 $312,450 (7.1%) $440,022 (-1.1%) 0.00 492
    2019-08-01 $314,482 (4.9%) $434,023 (-6.0%) 0.00 478
    2019-09-01 $306,280 (2.1%) $430,408 (-6.8%) 0.00 467
    2019-10-01 $299,450 (0.2%) $425,555 (-5.1%) 0.00 461
    2019-11-01 $297,000 (-0.7%) $409,505 (-7.3%) 0.00 433
    2019-12-01 $287,475 (-4.1%) $399,899 (-9.9%) 0.00 389
    2020-01-01 $298,000 (-0.6%) $413,424 (-7.3%) 0.00 310
    2020-02-01 $294,950 (-1.7%) $417,965 (-6.3%) 0.00 293
    2020-03-01 $299,000 (-0.1%) $427,951 (-1.7%) 0.00 294
    2020-04-01 $295,500 (-1.5%) $430,272 (-2.1%) 0.00 294
    2020-05-01 $325,000 (8.4%) $450,147 (3.7%) 0.00 274
    2020-06-01 $349,800 (16.6%) $462,361 (4.2%) 0.00 254
    2020-07-01 $349,900 (12.0%) $470,013 (6.8%) 0.00 231
    2020-08-01 $349,000 (11.0%) $471,745 (8.7%) 0.00 200
    2020-09-01 $349,000 (14.0%) $473,777 (10.1%) 0.00 163
    2020-10-01 $312,000 (4.2%) $442,113 (3.9%) 0.00 157
    2020-11-01 $299,250 (0.8%) $434,808 (6.2%) 0.00 150
    2020-12-01 $298,225 (3.7%) $443,495 (10.9%) 0.00 128
    2021-01-01 $284,500 (-4.5%) $412,099 (-0.3%) 0.00 109
    2021-02-01 $269,900 (-8.5%) $396,613 (-5.1%) 0.00 109
    2021-03-01 $278,200 (-7.0%) $441,213 (3.1%) 0.00 84
    2021-04-01 $307,975 (4.2%) $478,908 (11.3%) 0.00 79
    2021-05-01 $414,600 (27.6%) $539,821 (19.9%) 0.00 84
    2021-06-01 $409,375 (17.0%) $527,544 (14.1%) 0.00 114
    2021-07-01 $349,000 (-0.3%) $482,663 (2.7%) 0.00 134
    2021-08-01 $344,500 (-1.3%) $478,854 (1.5%) 0.00 137
    2021-09-01 $361,950 (3.7%) $496,566 (4.8%) 0.00 127
    2021-10-01 $344,000 (10.3%) $486,376 (10.0%) 0.00 133
    2021-11-01 $340,000 (13.6%) $458,302 (5.4%) 0.00 117
    2021-12-01 $345,000 (15.7%) $475,651 (7.3%) 0.00 116
    2022-01-01 $320,000 (12.5%) $458,027 (11.1%) 0.00 95
    2022-02-01 $327,500 (21.3%) $451,837 (13.9%) 0.00 84
    2022-03-01 $377,200 (35.6%) $492,847 (11.7%) 0.00 78
    2022-04-01 $400,000 (29.9%) $503,768 (5.2%) 0.00 79
    2022-05-01 $332,725 (-19.8%) $474,891 (-12.0%) 0.00 96
    2022-06-01 $325,450 (-20.5%) $488,440 (-7.4%) 0.00 108
    2022-07-01 $335,000 (-4.0%) $499,314 (3.5%) 0.00 155
    2022-08-01 $343,975 (-0.2%) $493,602 (3.1%) 0.00 180
    2022-09-01 $345,450 (-4.6%) $502,280 (1.2%) 0.00 165
    2022-10-01 $349,900 (1.7%) $490,634 (0.9%) 0.00 178
    2022-11-01 $348,450 (2.5%) $517,655 (13.0%) 0.00 174
    2022-12-01 $330,000 (-4.4%) $499,296 (5.0%) 0.00 175
    2023-01-01 $324,000 (1.3%) $468,131 (2.2%) 0.00 152
    2023-02-01 $325,000 (-0.8%) $487,416 (7.9%) 0.00 120
    2023-03-01 $357,450 (-5.2%) $515,465 (4.6%) 0.00 114
    2023-04-01 $372,450 (-6.9%) $542,765 (7.7%) 0.00 124
    2023-05-01 $425,738 (28.0%) $584,732 (23.1%) 0.00 120
    2023-06-01 $442,700 (36.0%) $572,558 (17.2%) 0.00 141
    2023-07-01 $434,500 (29.7%) $561,971 (12.6%) 0.00 154
    2023-08-01 $412,363 (19.9%) $544,031 (10.2%) 0.00 150
    2023-09-01 $414,900 (20.1%) $554,054 (10.3%) 0.00 169
    2023-10-01 $399,500 (14.2%) $520,966 (6.2%) 0.00 195
    2023-11-01 $399,250 (14.6%) $547,292 (5.7%) 0.00 210
    2023-12-01 $396,000 (20.0%) $541,821 (8.5%) 0.00 193
    2024-01-01 $373,688 (15.3%) $533,780 (14.0%) 0.00 195
    2024-02-01 $361,150 (11.1%) $528,930 (8.5%) 0.00 169
    2024-03-01 $386,750 (8.2%) $529,320 (2.7%) 0.00 166
    2024-04-01 $382,750 (2.8%) $562,944 (3.7%) 0.00 189
    2024-05-01 $400,000 (-6.1%) $588,776 (0.7%) 0.00 193
    2024-06-01 $400,000 (-9.7%) $573,362 (0.1%) 0.00 231
    2024-07-01 $412,500 (-5.1%) $597,840 (6.4%) 0.00 252
    2024-08-01 $400,000 (-3.0%) $572,281 (5.2%) 0.00 281
    2024-09-01 $399,975 (-3.6%) $549,062 (-0.9%) 0.00 303
    2024-10-01 $400,000 (0.1%) $538,407 (3.4%) 0.00 285
    2024-11-01 $400,000 (0.2%) $548,862 (0.3%) 0.00 289
    2024-12-01 $399,950 (1.0%) $555,687 (2.6%) 0.00 263
    2025-01-01 $399,975 (7.0%) $557,115 (4.4%) 0.00 245
    2025-02-01 $401,973 (11.3%) $543,508 (2.8%) 0.00 252
    2025-03-01 $411,495 (6.4%) $532,944 (0.7%) 0.00 252
    Forest City's median listing price for 2025-03-01 was $411,495, a difference of $24,745 (6.4%) versus the prior year and $9,522 versus the prior month.

    Forest City's median listing price comes in at 0% of the national average.

    Forest City's average listing price for 2025-03-01 was $532,944, a difference of $3,624 (0.7%) versus the prior year and $-10,564 versus the prior month.

    For the 2025-03-01 period, Forest City had 252 MLS listings, a difference of 0 listings (0%) versus the prior month and 86 listings (52%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Forest City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,941 sqft
    2018-02-01 0 days 1,917 sqft
    2018-03-01 0 days 1,962 sqft
    2018-04-01 0 days 2,005 sqft
    2018-05-01 0 days 2,004 sqft
    2018-06-01 0 days 2,001 sqft
    2018-07-01 0 days 2,024 sqft
    2018-08-01 0 days 2,041 sqft
    2018-09-01 0 days 2,073 sqft
    2018-10-01 0 days 2,077 sqft
    2018-11-01 0 days 2,078 sqft
    2018-12-01 0 days 2,098 sqft
    2019-01-01 0 days 2,099 sqft
    2019-02-01 0 days 2,040 sqft
    2019-03-01 0 days 2,025 sqft
    2019-04-01 0 days 2,033 sqft
    2019-05-01 0 days 2,084 sqft
    2019-06-01 0 days 2,184 sqft
    2019-07-01 0 days 2,172 sqft
    2019-08-01 0 days 2,190 sqft
    2019-09-01 0 days 2,144 sqft
    2019-10-01 0 days 2,112 sqft
    2019-11-01 0 days 2,008 sqft
    2019-12-01 0 days 1,961 sqft
    2020-01-01 0 days 1,956 sqft
    2020-02-01 0 days 1,905 sqft
    2020-03-01 0 days 1,981 sqft
    2020-04-01 0 days 2,007 sqft
    2020-05-01 0 days 2,009 sqft
    2020-06-01 0 days 2,102 sqft
    2020-07-01 0 days 2,146 sqft
    2020-08-01 0 days 2,088 sqft
    2020-09-01 0 days 1,951 sqft
    2020-10-01 0 days 1,836 sqft
    2020-11-01 0 days 1,741 sqft
    2020-12-01 0 days 1,739 sqft
    2021-01-01 0 days 1,662 sqft
    2021-02-01 0 days 1,660 sqft
    2021-03-01 0 days 1,692 sqft
    2021-04-01 0 days 1,718 sqft
    2021-05-01 0 days 2,052 sqft
    2021-06-01 0 days 2,144 sqft
    2021-07-01 0 days 1,882 sqft
    2021-08-01 0 days 1,875 sqft
    2021-09-01 0 days 1,903 sqft
    2021-10-01 0 days 1,960 sqft
    2021-11-01 0 days 1,847 sqft
    2021-12-01 0 days 1,833 sqft
    2022-01-01 0 days 1,572 sqft
    2022-02-01 0 days 1,735 sqft
    2022-03-01 0 days 1,914 sqft
    2022-04-01 0 days 1,802 sqft
    2022-05-01 0 days 1,805 sqft
    2022-06-01 0 days 1,787 sqft
    2022-07-01 0 days 1,718 sqft
    2022-08-01 0 days 1,698 sqft
    2022-09-01 0 days 1,672 sqft
    2022-10-01 0 days 1,684 sqft
    2022-11-01 0 days 1,677 sqft
    2022-12-01 0 days 1,664 sqft
    2023-01-01 0 days 1,665 sqft
    2023-02-01 0 days 1,590 sqft
    2023-03-01 0 days 1,597 sqft
    2023-04-01 0 days 1,626 sqft
    2023-05-01 0 days 1,791 sqft
    2023-06-01 0 days 1,810 sqft
    2023-07-01 0 days 1,800 sqft
    2023-08-01 0 days 1,660 sqft
    2023-09-01 0 days 1,664 sqft
    2023-10-01 0 days 1,702 sqft
    2023-11-01 0 days 1,750 sqft
    2023-12-01 0 days 1,749 sqft
    2024-01-01 0 days 1,683 sqft
    2024-02-01 0 days 1,807 sqft
    2024-03-01 0 days 1,815 sqft
    2024-04-01 0 days 1,700 sqft
    2024-05-01 0 days 1,681 sqft
    2024-06-01 0 days 1,672 sqft
    2024-07-01 0 days 1,701 sqft
    2024-08-01 0 days 1,631 sqft
    2024-09-01 0 days 1,634 sqft
    2024-10-01 0 days 1,653 sqft
    2024-11-01 0 days 1,693 sqft
    2024-12-01 0 days 1,643 sqft
    2025-01-01 0 days 1,619 sqft
    2025-02-01 0 days 1,699 sqft
    2025-03-01 0 days 1,755 sqft
    Forest City's median listing age (time on market) for 2025-03-01 was 0 days.

    Forest City's median square footage for active listings during the 2025-03-01 period was 1,755 sqft. One year prior, the average listing was 1,815 sqft.