Greensboro USDA Loan Rates, Closing Costs & Stats

GREENSBORO-HIGH POINT, NC

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.

Greensboro's 29 lenders originated 88 USDA loans during 2023. The total origination value was $16,990,000, with an average USDA loan value of $193,068.

Greensboro USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Greensboro averaged 6.39% for the week of 2024-05-24, compared to the national average (all USDA variants) of 6.738% for the same period.

Greensboro's average USDA mortgage closing costs are $4,812.

The average rate for the prior week (2024-05-17) was 6.57% and one month ago for the week of 2024-04-19, the average rate was 6.61%.

The average rate one year ago was 6.42%.

For refis of the same type during the week of 2024-05-24, the average rate was 7.04%.

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

Greensboro 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 Greensboro level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 8 6.88% $10,060
Alcova Mortgage LLC 5 6.80% $3,377
DHI MORTGAGE COMPANY, LTD. 4 5.18% $5,425
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.59% $7,198
Ameris Bank 3 6.67% $7,807
UNITED WHOLESALE MORTGAGE, LLC 3 5.96% $7,729
Keystone Funding, Inc. 3 6.83% $6,425
ACADEMY MORTGAGE CORPORATION 2 6.69% $6,916
Blue Ridge Bank 2 6.38% $7,094
CROSSCOUNTRY MORTGAGE, LLC 2 6.00% $8,392
First Bank 2 5.87% $8,091
HOMESIDE FINANCIAL, LLC 2 6.75% $9,597
Renasant Bank 2 6.63% $7,158
TOWNE MORTGAGE COMPANY 2 6.94% $6,426
First National Bank of Pennsylvania 1 6.63% $5,889
GUILD MORTGAGE COMPANY 1 7.13% $6,863
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $9,535
AXIA FINANCIAL, LLC 1 7.00% $8,982
HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.63% $5,496
Integrity Home Mortgage Corp 1 7.13% $5,806
BancorpSouth 1 5.13% $7,527
MID AMERICA MORTGAGE, INC. 1 7.50% $6,250
Mortgage Research Center, LLC 1 6.75% $5,343
MOVEMENT MORTGAGE, LLC 1 6.75% $6,472
CMG MORTGAGE, INC. 1 5.75% $10,049
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $8,192
Citizens Bank 1 7.00% $4,551
CARDINAL FINANCIAL 1 6.25% $5,112
UNION HOME MORTGAGE CORP. 1 6.50% $8,513

The top Greensboro USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 8 USDA loans originated. Their average total fees are $10,060, which is $6,684 higher than the next largest lender, Alcova Mortgage LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Greensboro (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 $204,720 (14.1%) $307,685 (14.8%) 0.76 2,356
2018-02-01 $212,876 (15.5%) $313,950 (14.0%) 0.77 2,280
2018-03-01 $225,000 (19.8%) $321,587 (15.0%) 0.79 2,262
2018-04-01 $242,000 (21.1%) $329,430 (14.9%) 0.82 2,245
2018-05-01 $244,750 (16.6%) $330,629 (11.2%) 0.82 2,351
2018-06-01 $239,900 (12.0%) $328,881 (9.5%) 0.80 2,404
2018-07-01 $245,000 (17.2%) $326,400 (10.1%) 0.82 2,400
2018-08-01 $247,030 (17.0%) $306,499 (3.6%) 0.83 2,095
2018-09-01 $249,000 (15.8%) $308,917 (2.6%) 0.84 2,086
2018-10-01 $247,226 (14.6%) $306,381 (0.8%) 0.84 2,110
2018-11-01 $244,950 (21.0%) $301,735 (-0.2%) 0.83 2,085
2018-12-01 $245,000 (23.0%) $303,500 (1.4%) 0.85 1,992
2019-01-01 $249,900 (22.1%) $307,445 (-0.1%) 0.86 1,812
2019-02-01 $253,875 (19.3%) $306,766 (-2.3%) 0.86 1,712
2019-03-01 $260,560 (15.8%) $317,084 (-1.4%) 0.85 1,670
2019-04-01 $265,000 (9.5%) $327,179 (-0.7%) 0.84 1,680
2019-05-01 $269,900 (10.3%) $328,711 (-0.6%) 0.84 1,785
2019-06-01 $264,493 (10.3%) $324,512 (-1.3%) 0.83 1,865
2019-07-01 $266,797 (8.9%) $324,316 (-0.6%) 0.84 1,884
2019-08-01 $262,438 (6.2%) $318,588 (3.9%) 0.83 1,917
2019-09-01 $261,010 (4.8%) $315,698 (2.2%) 0.84 1,924
2019-10-01 $262,481 (6.2%) $316,658 (3.4%) 0.85 1,900
2019-11-01 $264,260 (7.9%) $318,396 (5.5%) 0.87 1,836
2019-12-01 $265,483 (8.4%) $316,556 (4.3%) 0.89 1,614
2020-01-01 $263,000 (5.2%) $313,357 (1.9%) 0.88 1,461
2020-02-01 $260,000 (2.4%) $314,360 (2.5%) 0.85 1,362
2020-03-01 $267,500 (2.7%) $323,855 (2.1%) 0.84 1,353
2020-04-01 $260,000 (-1.9%) $323,784 (-1.0%) 0.81 1,416
2020-05-01 $284,700 (5.5%) $346,712 (5.5%) 0.87 1,374
2020-06-01 $291,495 (10.2%) $369,887 (14.0%) 0.86 1,256
2020-07-01 $296,825 (11.3%) $368,274 (13.6%) 0.86 1,138
2020-08-01 $299,129 (14.0%) $372,594 (17.0%) 0.86 1,069
2020-09-01 $297,450 (14.0%) $374,322 (18.6%) 0.85 996
2020-10-01 $284,900 (8.5%) $361,901 (14.3%) 0.82 968
2020-11-01 $264,950 (0.3%) $340,005 (6.8%) 0.77 924
2020-12-01 $258,445 (-2.7%) $339,471 (7.2%) 0.77 912
2021-01-01 $260,000 (-1.1%) $347,459 (10.9%) 0.78 732
2021-02-01 $249,200 (-4.2%) $345,465 (9.9%) 0.73 632
2021-03-01 $252,500 (-5.6%) $355,176 (9.7%) 0.72 549
2021-04-01 $250,000 (-3.9%) $349,525 (8.0%) 0.68 549
2021-05-01 $246,695 (-13.4%) $342,043 (-1.4%) 0.66 606
2021-06-01 $256,400 (-12.0%) $346,816 (-6.2%) 0.67 674
2021-07-01 $250,000 (-15.8%) $340,255 (-7.6%) 0.66 745
2021-08-01 $256,995 (-14.1%) $353,388 (-5.2%) 0.69 856
2021-09-01 $257,000 (-13.6%) $350,420 (-6.4%) 0.69 908
2021-10-01 $255,000 (-10.5%) $355,508 (-1.8%) 0.68 895
2021-11-01 $259,475 (-2.1%) $355,916 (4.7%) 0.69 813
2021-12-01 $259,450 (0.4%) $365,829 (7.8%) 0.70 678
2022-01-01 $273,445 (5.2%) $375,194 (8.0%) 0.74 550
2022-02-01 $272,675 (9.4%) $381,312 (10.4%) 0.71 471
2022-03-01 $275,000 (8.9%) $383,348 (7.9%) 0.69 465
2022-04-01 $299,000 (19.6%) $402,829 (15.3%) 0.71 485
2022-05-01 $319,747 (29.6%) $407,221 (19.1%) 0.73 644
2022-06-01 $336,950 (31.4%) $405,351 (16.9%) 0.75 773
2022-07-01 $324,900 (30.0%) $395,491 (16.2%) 0.73 911
2022-08-01 $325,000 (26.5%) $402,377 (13.9%) 0.75 942
2022-09-01 $326,000 (26.9%) $396,000 (13.0%) 0.76 970
2022-10-01 $324,565 (27.3%) $390,292 (9.8%) 0.76 1,033
2022-11-01 $321,973 (24.1%) $392,060 (10.2%) 0.77 1,077
2022-12-01 $318,990 (23.0%) $389,017 (6.3%) 0.79 1,033
2023-01-01 $322,551 (18.0%) $388,551 (3.6%) 0.80 903
2023-02-01 $324,950 (19.2%) $400,606 (5.1%) 0.78 828
2023-03-01 $327,371 (19.0%) $417,375 (8.9%) 0.77 750
2023-04-01 $338,900 (13.3%) $421,196 (4.6%) 0.79 769
2023-05-01 $334,682 (4.7%) $416,338 (2.2%) 0.76 837
2023-06-01 $341,995 (1.5%) $418,159 (3.2%) 0.77 838
2023-07-01 $345,000 (6.2%) $425,108 (7.5%) 0.78 843
2023-08-01 $332,172 (2.2%) $420,029 (4.4%) 0.76 913
2023-09-01 $331,814 (1.8%) $411,332 (3.9%) 0.77 942
2023-10-01 $320,950 (-1.1%) $397,404 (1.8%) 0.76 1,083
2023-11-01 $317,450 (-1.4%) $386,698 (-1.4%) 0.76 1,132
2023-12-01 $308,995 (-3.1%) $377,855 (-2.9%) 0.75 1,160
2024-01-01 $311,445 (-3.4%) $375,347 (-3.4%) 0.76 1,109
2024-02-01 $313,950 (-3.4%) $374,374 (-6.6%) 0.76 1,058
2024-03-01 $319,000 (-2.6%) $376,610 (-9.8%) 0.75 1,037
2024-04-01 $329,848 (-2.7%) $391,275 (-7.1%) 0.77 1,062
Greensboro's median listing price for 2024-04-01 was $329,848, a difference of $-9,052 (-2.7%) versus the prior year and $10,848 versus the prior month.

Greensboro's median listing price comes in at 77% of the national average.

Greensboro's average listing price for 2024-04-01 was $391,275, a difference of $-29,921 (-7.1%) versus the prior year and $14,665 versus the prior month.

For the 2024-04-01 period, Greensboro had 1,062 MLS listings, a difference of 25 listings (2%) versus the prior month and 293 listings (38%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Greensboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 92 days 1,952 sqft
2018-02-01 91 days 2,080 sqft
2018-03-01 66 days 2,159 sqft
2018-04-01 59 days 2,291 sqft
2018-05-01 58 days 2,304 sqft
2018-06-01 57 days 2,292 sqft
2018-07-01 65 days 2,281 sqft
2018-08-01 62 days 2,240 sqft
2018-09-01 64 days 2,231 sqft
2018-10-01 65 days 2,212 sqft
2018-11-01 70 days 2,195 sqft
2018-12-01 78 days 2,175 sqft
2019-01-01 87 days 2,197 sqft
2019-02-01 79 days 2,223 sqft
2019-03-01 67 days 2,312 sqft
2019-04-01 51 days 2,395 sqft
2019-05-01 50 days 2,409 sqft
2019-06-01 53 days 2,325 sqft
2019-07-01 57 days 2,207 sqft
2019-08-01 56 days 2,166 sqft
2019-09-01 56 days 2,148 sqft
2019-10-01 56 days 2,173 sqft
2019-11-01 64 days 2,135 sqft
2019-12-01 74 days 2,198 sqft
2020-01-01 81 days 2,089 sqft
2020-02-01 79 days 2,075 sqft
2020-03-01 49 days 2,114 sqft
2020-04-01 52 days 2,071 sqft
2020-05-01 60 days 2,181 sqft
2020-06-01 53 days 2,152 sqft
2020-07-01 52 days 2,129 sqft
2020-08-01 45 days 2,231 sqft
2020-09-01 43 days 2,394 sqft
2020-10-01 36 days 2,393 sqft
2020-11-01 55 days 2,063 sqft
2020-12-01 66 days 2,055 sqft
2021-01-01 74 days 2,038 sqft
2021-02-01 62 days 1,862 sqft
2021-03-01 43 days 1,801 sqft
2021-04-01 43 days 2,014 sqft
2021-05-01 44 days 2,101 sqft
2021-06-01 43 days 1,978 sqft
2021-07-01 40 days 2,012 sqft
2021-08-01 37 days 1,984 sqft
2021-09-01 38 days 2,069 sqft
2021-10-01 43 days 2,167 sqft
2021-11-01 45 days 2,266 sqft
2021-12-01 49 days 2,028 sqft
2022-01-01 56 days 1,801 sqft
2022-02-01 48 days 1,747 sqft
2022-03-01 38 days 1,687 sqft
2022-04-01 32 days 1,776 sqft
2022-05-01 29 days 1,925 sqft
2022-06-01 30 days 1,923 sqft
2022-07-01 34 days 1,803 sqft
2022-08-01 39 days 1,908 sqft
2022-09-01 43 days 1,841 sqft
2022-10-01 44 days 1,965 sqft
2022-11-01 48 days 1,787 sqft
2022-12-01 59 days 1,780 sqft
2023-01-01 65 days 1,781 sqft
2023-02-01 50 days 1,789 sqft
2023-03-01 50 days 1,757 sqft
2023-04-01 40 days 1,716 sqft
2023-05-01 38 days 1,785 sqft
2023-06-01 43 days 1,674 sqft
2023-07-01 43 days 1,735 sqft
2023-08-01 38 days 1,833 sqft
2023-09-01 39 days 1,764 sqft
2023-10-01 38 days 1,773 sqft
2023-11-01 40 days 1,895 sqft
2023-12-01 46 days 1,787 sqft
2024-01-01 54 days 1,677 sqft
2024-02-01 47 days 1,754 sqft
2024-03-01 45 days 1,764 sqft
2024-04-01 40 days 1,784 sqft
Greensboro's median listing age (time on market) for 2024-04-01 was 40 days. This is -1% shorter than the same period one year ago.

Greensboro's median square footage for active listings during the 2024-04-01 period was 1,784 sqft. One year prior, the average listing was 1,716 sqft.