Greensboro USDA Loan Rates, Closing Costs & Stats

GREENSBORO-HIGH POINT, 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.

    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 6.71% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.66% and one month ago for the week of 2024-03-15, the average rate was 6.65%.

    The average rate one year ago was 5.99%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

    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
    Greensboro's median listing price for 2024-03-01 was $319,000, a difference of $-8,371 (-2.6%) versus the prior year and $5,050 versus the prior month.

    Greensboro's median listing price comes in at 75% of the national average.

    Greensboro's average listing price for 2024-03-01 was $376,610, a difference of $-40,765 (-9.8%) versus the prior year and $2,236 versus the prior month.

    For the 2024-03-01 period, Greensboro had 1,037 MLS listings, a difference of -21 listings (-2%) versus the prior month and 287 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 1,797 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 1,774 sqft
    2024-03-01 45 days 1,764 sqft
    Greensboro's median listing age (time on market) for 2024-03-01 was 45 days. This is -9% shorter than the same period one year ago.

    Greensboro's median square footage for active listings during the 2024-03-01 period was 1,764 sqft. One year prior, the average listing was 1,757 sqft.