Greensboro USDA Loans

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 71 lenders originated 367 USDA loans during 2021. The total origination value was $64,295,000, with an average USDA loan value of $175,191.

Greensboro USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Greensboro averaged 5.38% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.62% and one month ago for the week of 2022-04-08, the average rate was 4.78%.

The average rate one year ago was 3.29%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.05%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Greensboro level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
MOVEMENT MORTGAGE, LLC 34 2.97% $5,264
MID AMERICA MORTGAGE, INC. 33 3.14% $2,320
Alcova Mortgage LLC 29 3.00% $2,805
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 24 3.41% $6,147
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 18 3.08% $5,454
Ameris Bank 15 2.99% $5,704
DHI MORTGAGE COMPANY, LTD. 14 2.57% $5,076
GUARANTEED RATE, INC. 13 2.81% $5,922
UNION HOME MORTGAGE CORP. 10 2.60% $5,662
Wolfe Financial, Inc 10 3.05% $5,448
LOANDEPOT.COM, LLC 7 3.45% $5,759
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 7 3.00% $5,230
CALIBER HOME LOANS, INC. 7 3.11% $5,842
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 5 3.38% $7,088
Victorian Finance, LLC 5 2.53% $6,039
RESIDENTIAL MORTGAGE SERVICES, INC. 5 2.70% $5,574
The Fidelity Bank 4 2.69% $6,031
INTERCOASTAL MORTGAGE COMPANY 4 3.00% $4,349
HAMILTON HOME LOANS, INC. 4 3.25% $6,169
Bank of England 4 2.91% $5,847
PENNYMAC LOAN SERVICES, LLC 4 2.91% $4,657
Allen Tate Mortgage Partners, LLC 4 2.53% $5,570
CROSSCOUNTRY MORTGAGE, LLC 4 3.25% $6,894
EQUITY RESOURCES, INC. 3 2.50% $4,863
Renasant Bank 3 2.71% $5,848
AMERIFIRST FINANCIAL CORPORATION 3 3.17% $6,882
Hometown Lenders, Inc. 3 3.42% $8,520
HOME POINT FINANCIAL CORPORATION 3 2.79% $5,827
Pinnacle Bank 2 3.13% $4,231
Alpha Mortgage Corporation 2 2.94% $7,878
BROKER SOLUTIONS, INC. 2 2.81% $8,049
Colten Mortgage, LLC 2 3.06% $5,144
FINANCE OF AMERICA MORTGAGE LLC 2 3.69% $7,001
First Bank 2 3.31% $4,695
GoPrime Mortgage, Inc. 2 3.25% $6,009
HomeTrust Bank 2 2.25% $4,347
MORTGAGE FINANCIAL GROUP, INC. 2 2.75% $8,335
NEWREZ LLC 2 2.50% $5,554
NFM, INC. 2 3.44% $6,613
North State Bank 2 2.50% $3,985
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.56% $7,771
LAKEVIEW LOAN SERVICING, LLC 1 2.88% $5,676
LEADERONE FINANCIAL CORPORATION 1 2.50% $4,594
GUARANTY HOME MORTGAGE CORPORATION 1 3.25% $6,836
MCLEAN MORTGAGE CORPORATION 1 3.25% $4,093
GENEVA FINANCIAL, LLC 1 4.00% $5,227
Towne Mortgage of the Carolinas, LLC 1 2.25% $5,684
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 2.88% $8,111
EMM LOANS LLC 1 2.50% $5,910
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 3.38% $5,998
UNITED WHOLESALE MORTGAGE, LLC 1 3.00% $7,306
AMERICAN FINANCIAL NETWORK, INC. 1 3.50% $9,428
OCEANSIDE MORTGAGE COMPANY 1 3.24% $1,382
Citizens Bank 1 3.13% $4,375
CHURCHILL MORTGAGE CORPORATION 1 3.25% $5,573
PLANET HOME LENDING, LLC 1 2.63% $7,206
ALLIED MORTGAGE GROUP, INC. 1 2.88% $3,785
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.99% $5,993
RELIANCE FIRST CAPITAL, LLC 1 2.75% $5,397
CANOPY MORTGAGE, LLC 1 2.25% $5,859
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.50% $3,378
SeaTrust Mortgage Company 1 2.75% $4,522
The Central Trust Bank 1 3.38% $4,957
American Security Mortgage Corp. 1 2.88% $6,274
TIDEWATER MORTGAGE SERVICES, INC. 1 3.75% $6,953
HOMESTAR FINANCIAL CORPORATION 1 3.63% $2,056
HOMESIDE FINANCIAL, LLC 1 2.75% $7,183
TOWNE MORTGAGE COMPANY 1 3.25% $3,618
INSPIRE HOME LOANS INC. 1 3.13% $5,653
GUILD MORTGAGE COMPANY 1 3.50% $4,332
Keystone Funding, Inc. 1 2.25% $4,239

The top Greensboro USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with 34 USDA loans originated. Their average total fees are $5,264, which is $2,945 higher than the next largest lender, MID AMERICA MORTGAGE, INC..

The lowest fee Greensboro USDA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($2,320), Alcova Mortgage LLC ($2,805), DHI MORTGAGE COMPANY, LTD. ($5,076), MOVEMENT MORTGAGE, LLC ($5,264) and Wolfe Financial, Inc ($5,448).

The lowest rate Greensboro USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (2.57%), UNION HOME MORTGAGE CORP. (2.60%), GUARANTEED RATE, INC. (2.81%), MOVEMENT MORTGAGE, LLC (2.97%) and Ameris Bank (2.99%).


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 $200,495 (14.3%) $302,846 (17.0%) 0.74 2,527
2018-02-01 $211,950 (18.1%) $309,632 (14.9%) 0.76 2,449
2018-03-01 $225,000 (20.0%) $317,926 (15.3%) 0.78 2,430
2018-04-01 $242,440 (23.7%) $326,497 (14.8%) 0.81 2,400
2018-05-01 $240,500 (15.4%) $327,174 (10.5%) 0.80 2,494
2018-06-01 $239,900 (16.2%) $325,713 (9.7%) 0.80 2,579
2018-07-01 $241,950 (21.0%) $324,205 (10.6%) 0.81 2,568
2018-08-01 $242,450 (20.5%) $304,209 (4.1%) 0.81 2,229
2018-09-01 $245,000 (17.2%) $305,716 (3.0%) 0.82 2,216
2018-10-01 $247,450 (17.9%) $305,190 (1.8%) 0.83 2,218
2018-11-01 $243,440 (20.2%) $301,108 (0.4%) 0.82 2,192
2018-12-01 $239,990 (20.1%) $301,175 (1.8%) 0.82 2,094
2019-01-01 $244,465 (21.9%) $306,779 (1.3%) 0.84 1,886
2019-02-01 $250,000 (18.0%) $305,383 (-1.4%) 0.84 1,791
2019-03-01 $263,243 (17.0%) $317,125 (-0.3%) 0.86 1,742
2019-04-01 $268,900 (10.9%) $327,607 (0.3%) 0.85 1,736
2019-05-01 $275,000 (14.4%) $331,275 (1.3%) 0.85 1,846
2019-06-01 $266,935 (11.3%) $327,594 (0.6%) 0.82 1,951
2019-07-01 $269,800 (11.5%) $327,636 (1.1%) 0.84 1,944
2019-08-01 $266,254 (9.8%) $322,650 (6.1%) 0.84 1,933
2019-09-01 $264,746 (8.1%) $321,646 (5.2%) 0.84 1,900
2019-10-01 $264,591 (6.9%) $321,659 (5.4%) 0.84 1,982
2019-11-01 $265,000 (8.9%) $323,303 (7.4%) 0.86 1,903
2019-12-01 $266,900 (11.2%) $323,771 (7.5%) 0.89 1,675
2020-01-01 $265,000 (8.4%) $322,033 (5.0%) 0.88 1,525
2020-02-01 $265,000 (6.0%) $323,053 (5.8%) 0.86 1,405
2020-03-01 $270,000 (2.6%) $333,720 (5.2%) 0.84 1,394
2020-04-01 $260,000 (-3.3%) $330,777 (1.0%) 0.81 1,495
2020-05-01 $284,990 (3.6%) $353,737 (6.8%) 0.86 1,439
2020-06-01 $292,000 (9.4%) $374,633 (14.4%) 0.85 1,340
2020-07-01 $298,250 (10.6%) $372,815 (13.8%) 0.85 1,199
2020-08-01 $299,900 (12.6%) $376,512 (16.7%) 0.86 1,114
2020-09-01 $297,759 (12.5%) $377,438 (17.4%) 0.85 1,019
2020-10-01 $280,000 (5.8%) $365,318 (13.6%) 0.80 992
2020-11-01 $276,900 (4.5%) $361,739 (11.9%) 0.79 928
2020-12-01 $267,450 (0.2%) $359,580 (11.1%) 0.78 924
2021-01-01 $274,999 (3.8%) $373,374 (15.9%) 0.81 721
2021-02-01 $270,648 (2.1%) $366,721 (13.5%) 0.78 626
2021-03-01 $261,508 (-3.2%) $357,584 (7.2%) 0.73 538
2021-04-01 $257,400 (-1.0%) $354,486 (7.2%) 0.69 548
2021-05-01 $250,000 (-12.3%) $341,313 (-3.5%) 0.66 585
2021-06-01 $259,950 (-11.0%) $348,616 (-6.9%) 0.68 637
2021-07-01 $254,950 (-14.5%) $347,762 (-6.7%) 0.66 681
2021-08-01 $262,450 (-12.5%) $357,829 (-5.0%) 0.69 793
2021-09-01 $262,745 (-11.8%) $354,480 (-6.1%) 0.69 860
2021-10-01 $259,900 (-7.2%) $355,863 (-2.6%) 0.68 832
2021-11-01 $268,750 (-2.9%) $356,922 (-1.3%) 0.71 776
2021-12-01 $266,500 (-0.4%) $362,331 (0.8%) 0.71 655
2022-01-01 $269,900 (-1.9%) $370,295 (-0.8%) 0.72 507
2022-02-01 $271,950 (0.5%) $375,784 (2.5%) 0.69 426
2022-03-01 $272,000 (4.0%) $379,491 (6.1%) 0.67 402
2022-04-01 $295,000 (14.6%) $396,817 (11.9%) 0.69 427
Greensboro's median listing price for 2022-04-01 was $295,000, a difference of $37,600 (14.6%) versus the prior year and $23,000 versus the prior month.

Greensboro's median listing price comes in at 69% of the national average.

Greensboro's average listing price for 2022-04-01 was $396,817, a difference of $42,331 (11.9%) versus the prior year and $17,326 versus the prior month.

For the 2022-04-01 period, Greensboro had 427 MLS listings, a difference of 25 listings (6%) versus the prior month and -121 listings (-22%) 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
2018-01-01 105 days 1,796 sqft
2018-02-01 108 days 2,069 sqft
2018-03-01 92 days 2,130 sqft
2018-04-01 74 days 2,279 sqft
2018-05-01 68 days 2,271 sqft
2018-06-01 66 days 2,269 sqft
2018-07-01 74 days 2,271 sqft
2018-08-01 70 days 2,238 sqft
2018-09-01 72 days 2,225 sqft
2018-10-01 71 days 2,203 sqft
2018-11-01 74 days 2,178 sqft
2018-12-01 82 days 2,158 sqft
2019-01-01 93 days 2,193 sqft
2019-02-01 84 days 2,220 sqft
2019-03-01 66 days 2,164 sqft
2019-04-01 57 days 2,144 sqft
2019-05-01 55 days 2,203 sqft
2019-06-01 57 days 2,200 sqft
2019-07-01 60 days 2,130 sqft
2019-08-01 63 days 2,184 sqft
2019-09-01 65 days 2,296 sqft
2019-10-01 58 days 2,131 sqft
2019-11-01 65 days 2,104 sqft
2019-12-01 78 days 2,348 sqft
2020-01-01 86 days 2,116 sqft
2020-02-01 82 days 2,086 sqft
2020-03-01 54 days 2,038 sqft
2020-04-01 53 days 2,025 sqft
2020-05-01 64 days 2,086 sqft
2020-06-01 61 days 2,068 sqft
2020-07-01 61 days 2,153 sqft
2020-08-01 52 days 2,205 sqft
2020-09-01 55 days 2,426 sqft
2020-10-01 40 days 2,060 sqft
2020-11-01 48 days 2,093 sqft
2020-12-01 51 days 2,041 sqft
2021-01-01 61 days 1,903 sqft
2021-02-01 55 days 1,874 sqft
2021-03-01 46 days 1,985 sqft
2021-04-01 40 days 2,106 sqft
2021-05-01 38 days 2,213 sqft
2021-06-01 36 days 1,878 sqft
2021-07-01 35 days 1,887 sqft
2021-08-01 36 days 1,727 sqft
2021-09-01 36 days 2,058 sqft
2021-10-01 43 days 2,319 sqft
2021-11-01 45 days 2,330 sqft
2021-12-01 50 days 2,148 sqft
2022-01-01 58 days 1,642 sqft
2022-02-01 49 days 1,608 sqft
2022-03-01 40 days 1,560 sqft
2022-04-01 33 days 1,627 sqft
Greensboro's median listing age (time on market) for 2022-04-01 was 33 days. This is -16% shorter than the same period one year ago.

Greensboro's median square footage for active listings during the 2022-04-01 period was 1,627 sqft. One year prior, the average listing was 2,106 sqft.