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 56 lenders originated 164 USDA loans during 2022. The total origination value was $28,350,000, with an average USDA loan value of $172,866.

    Greensboro USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Greensboro averaged -0.56% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

    Greensboro's average USDA mortgage closing costs are $4,708.

    The average rate for the prior week (2023-11-17) was 6.53% and one month ago for the week of 2023-10-20, the average rate was 6.95%.

    The average rate one year ago was 5.99%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.28%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 12 5.44% $7,033
    MOVEMENT MORTGAGE, LLC 8 4.69% $6,657
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 5.23% $5,850
    MID AMERICA MORTGAGE, INC. 7 3.91% $2,347
    Wolfe Financial, Inc 6 4.46% $5,813
    Ameris Bank 6 4.50% $6,110
    UNITED WHOLESALE MORTGAGE, LLC 5 5.31% $7,083
    UNION HOME MORTGAGE CORP. 4 5.44% $7,331
    Renasant Bank 3 5.63% $7,391
    Allen Tate Mortgage Partners, LLC 3 4.50% $5,998
    Alcova Mortgage LLC 3 5.00% $3,140
    Prosperity Home Mortgage, LLC 2 3.87% $5,007
    GUARANTEED RATE, INC. 2 4.50% $6,429
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.13% $3,590
    EQUITY RESOURCES, INC. 2 4.19% $4,758
    Flagstar Bank, FSB 2 3.06% $4,591
    MCLEAN MORTGAGE CORPORATION 2 4.81% $6,502
    DHI MORTGAGE COMPANY, LTD. 2 2.87% $5,388
    CARDINAL FINANCIAL 2 5.69% $10,248
    HOME POINT FINANCIAL CORPORATION 2 4.44% $6,922
    CMG MORTGAGE, INC. 2 6.00% $7,742
    Alpha Mortgage Corporation 2 5.44% $6,640
    NFM, INC. 1 4.13% $8,258
    NJ LENDERS CORP. 1 3.00% $5,561
    ON Q FINANCIAL, INC. 1 6.00% $5,274
    Paramount Residential Mortgage Group, Inc. 1 4.13% $4,662
    PENNYMAC LOAN SERVICES, LLC 1 3.25% $3,773
    Peoples Bank 1 7.63% $6,764
    PNC Bank 1 5.63% $4,646
    1ST SIGNATURE LENDING, LLC 1 4.00% $11,595
    The Fidelity Bank 1 2.75% $8,582
    Truist 1 4.88% $4,885
    UNIVERSAL MORTGAGE & FINANCE, INC. 1 5.25% $7,553
    Victorian Finance, LLC 1 3.63% $6,680
    Shamrock Home Loans, Inc. 1 5.63% $5,657
    American National Bank and Trust Company 1 2.75% $5,495
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.63% $5,519
    Blue Ridge Bank 1 3.50% $4,106
    CALIBER HOME LOANS, INC. 1 5.75% $6,393
    CERTAINTY HOME LOANS, LLC 1 4.75% $6,581
    Congressional Bank 1 4.63% $5,606
    Equity Prime Mortgage LLC 1 6.63% $10,286
    EVERETT FINANCIAL, INC. 1 7.13% $3,683
    First Bank 1 3.99% $6,080
    FREEDOM MORTGAGE CORPORATION 1 6.75% $5,068
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 3.25% $5,732
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.75% $5,819
    HOMESPIRE MORTGAGE CORPORATION 1 2.88% $5,104
    HOMESTAR FINANCIAL CORPORATION 1 3.13% $3,278
    Hometown Lenders, Inc. 1 4.75% $10,022
    INTERCOASTAL MORTGAGE COMPANY 1 3.25% $4,534
    KELLER MORTGAGE, LLC 1 3.00% $3,939
    LOANDEPOT.COM, LLC 1 3.75% $5,377
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $4,757
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.50% $6,836
    Nations Lending Corporation 1 5.25% $7,132

    The top Greensboro USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 12 USDA loans originated. Their average total fees are $7,033, which is $376 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee Greensboro USDA lenders (with over 10 loans originated) are ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($7,033), .

    The lowest rate Greensboro USDA lenders (with over 10 loans originated) are ATLANTIC BAY MORTGAGE GROUP, L.L.C. (5.44%), .

    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 $205,248 (14.2%) $307,917 (14.9%) 0.76 2,361
    2018-02-01 $214,250 (16.2%) $314,168 (14.0%) 0.78 2,286
    2018-03-01 $225,495 (20.1%) $321,771 (15.1%) 0.79 2,268
    2018-04-01 $242,000 (21.1%) $329,724 (15.0%) 0.82 2,247
    2018-05-01 $244,000 (16.2%) $330,912 (11.2%) 0.81 2,353
    2018-06-01 $239,900 (11.9%) $329,189 (9.5%) 0.80 2,406
    2018-07-01 $244,975 (17.2%) $326,775 (10.1%) 0.82 2,401
    2018-08-01 $246,885 (16.7%) $306,448 (3.5%) 0.83 2,094
    2018-09-01 $249,000 (15.8%) $308,872 (2.5%) 0.84 2,085
    2018-10-01 $247,465 (14.6%) $306,292 (0.6%) 0.84 2,111
    2018-11-01 $244,950 (20.4%) $301,644 (-0.3%) 0.83 2,089
    2018-12-01 $246,115 (23.4%) $303,248 (1.2%) 0.85 2,000
    2019-01-01 $249,900 (21.8%) $307,237 (-0.2%) 0.86 1,821
    2019-02-01 $254,150 (18.6%) $306,617 (-2.4%) 0.86 1,722
    2019-03-01 $260,560 (15.6%) $316,813 (-1.5%) 0.85 1,679
    2019-04-01 $265,000 (9.5%) $326,967 (-0.8%) 0.84 1,686
    2019-05-01 $269,900 (10.6%) $328,517 (-0.7%) 0.84 1,788
    2019-06-01 $264,485 (10.3%) $324,489 (-1.4%) 0.83 1,865
    2019-07-01 $266,718 (8.9%) $324,239 (-0.8%) 0.83 1,886
    2019-08-01 $262,438 (6.3%) $318,559 (4.0%) 0.83 1,918
    2019-09-01 $261,010 (4.8%) $315,724 (2.2%) 0.84 1,922
    2019-10-01 $262,481 (6.1%) $316,718 (3.4%) 0.85 1,898
    2019-11-01 $264,260 (7.9%) $318,460 (5.6%) 0.87 1,834
    2019-12-01 $266,125 (8.1%) $316,628 (4.4%) 0.89 1,608
    2020-01-01 $264,900 (6.0%) $313,957 (2.2%) 0.89 1,449
    2020-02-01 $263,294 (3.6%) $315,088 (2.8%) 0.86 1,351
    2020-03-01 $268,975 (3.2%) $324,200 (2.3%) 0.84 1,347
    2020-04-01 $260,623 (-1.7%) $324,129 (-0.9%) 0.82 1,410
    2020-05-01 $284,000 (5.2%) $346,651 (5.5%) 0.86 1,372
    2020-06-01 $291,495 (10.2%) $369,955 (14.0%) 0.86 1,254
    2020-07-01 $296,578 (11.2%) $368,479 (13.6%) 0.86 1,135
    2020-08-01 $299,000 (13.9%) $372,479 (16.9%) 0.86 1,066
    2020-09-01 $297,175 (13.9%) $374,354 (18.6%) 0.85 993
    2020-10-01 $284,900 (8.5%) $361,730 (14.2%) 0.82 967
    2020-11-01 $264,500 (0.1%) $339,746 (6.7%) 0.77 924
    2020-12-01 $257,695 (-3.2%) $339,666 (7.3%) 0.77 911
    2021-01-01 $260,000 (-1.9%) $347,303 (10.6%) 0.78 732
    2021-02-01 $248,698 (-5.5%) $345,406 (9.6%) 0.72 631
    2021-03-01 $252,500 (-6.1%) $355,146 (9.6%) 0.72 550
    2021-04-01 $250,000 (-4.1%) $349,550 (7.8%) 0.68 548
    2021-05-01 $245,900 (-13.4%) $341,850 (-1.4%) 0.65 605
    2021-06-01 $256,175 (-12.1%) $346,534 (-6.3%) 0.67 673
    2021-07-01 $250,000 (-15.7%) $339,825 (-7.8%) 0.66 745
    2021-08-01 $256,995 (-14.1%) $353,211 (-5.2%) 0.69 857
    2021-09-01 $257,000 (-13.5%) $350,356 (-6.4%) 0.69 909
    2021-10-01 $255,000 (-10.5%) $356,025 (-1.6%) 0.68 898
    2021-11-01 $259,950 (-1.7%) $356,026 (4.8%) 0.70 821
    2021-12-01 $259,950 (0.9%) $365,775 (7.7%) 0.70 685
    2022-01-01 $275,000 (5.8%) $375,075 (8.0%) 0.74 559
    2022-02-01 $275,080 (10.6%) $381,136 (10.3%) 0.72 479
    2022-03-01 $278,950 (10.5%) $383,181 (7.9%) 0.70 470
    2022-04-01 $299,000 (19.6%) $402,895 (15.3%) 0.71 486
    2022-05-01 $319,995 (30.1%) $407,243 (19.1%) 0.73 646
    2022-06-01 $337,225 (31.6%) $405,425 (17.0%) 0.75 779
    2022-07-01 $324,900 (30.0%) $395,628 (16.4%) 0.73 910
    2022-08-01 $324,925 (26.4%) $402,128 (13.9%) 0.75 943
    2022-09-01 $325,623 (26.7%) $395,733 (13.0%) 0.76 972
    2022-10-01 $324,900 (27.4%) $390,008 (9.6%) 0.76 1,040
    2022-11-01 $322,450 (24.0%) $391,731 (10.0%) 0.78 1,083
    2022-12-01 $316,800 (21.9%) $388,645 (6.3%) 0.78 1,037
    2023-01-01 $323,835 (17.8%) $388,275 (3.5%) 0.80 907
    2023-02-01 $324,950 (18.1%) $400,456 (5.1%) 0.78 830
    2023-03-01 $327,292 (17.3%) $417,313 (8.9%) 0.77 750
    2023-04-01 $338,900 (13.3%) $421,182 (4.5%) 0.79 767
    2023-05-01 $334,591 (4.6%) $416,327 (2.2%) 0.76 837
    2023-06-01 $341,995 (1.4%) $418,159 (3.1%) 0.77 838
    2023-07-01 $345,350 (6.3%) $425,108 (7.5%) 0.78 843
    2023-08-01 $332,172 (2.2%) $420,029 (4.5%) 0.76 913
    2023-09-01 $331,814 (1.9%) $411,332 (3.9%) 0.77 942
    2023-10-01 $320,950 (-1.2%) $397,404 (1.9%) 0.76 1,083
    Greensboro's median listing price for 2023-10-01 was $320,950, a difference of $-3,950 (-1.2%) versus the prior year and $-10,864 versus the prior month.

    Greensboro's median listing price comes in at 76% of the national average.

    Greensboro's average listing price for 2023-10-01 was $397,404, a difference of $7,396 (1.9%) versus the prior year and $-13,928 versus the prior month.

    For the 2023-10-01 period, Greensboro had 1,083 MLS listings, a difference of 141 listings (15%) versus the prior month and 43 listings (4%) 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 1,894 sqft
    2018-02-01 91 days 2,070 sqft
    2018-03-01 66 days 2,142 sqft
    2018-04-01 59 days 2,289 sqft
    2018-05-01 58 days 2,302 sqft
    2018-06-01 57 days 2,289 sqft
    2018-07-01 65 days 2,279 sqft
    2018-08-01 62 days 2,240 sqft
    2018-09-01 64 days 2,232 sqft
    2018-10-01 65 days 2,211 sqft
    2018-11-01 70 days 2,193 sqft
    2018-12-01 77 days 2,173 sqft
    2019-01-01 87 days 2,198 sqft
    2019-02-01 79 days 2,228 sqft
    2019-03-01 66 days 2,349 sqft
    2019-04-01 51 days 2,477 sqft
    2019-05-01 50 days 2,430 sqft
    2019-06-01 53 days 2,333 sqft
    2019-07-01 57 days 2,293 sqft
    2019-08-01 57 days 2,159 sqft
    2019-09-01 56 days 2,188 sqft
    2019-10-01 57 days 2,215 sqft
    2019-11-01 64 days 2,220 sqft
    2019-12-01 74 days 2,305 sqft
    2020-01-01 82 days 2,243 sqft
    2020-02-01 81 days 2,217 sqft
    2020-03-01 49 days 2,213 sqft
    2020-04-01 52 days 2,198 sqft
    2020-05-01 60 days 2,253 sqft
    2020-06-01 53 days 2,306 sqft
    2020-07-01 52 days 2,224 sqft
    2020-08-01 45 days 2,312 sqft
    2020-09-01 42 days 2,433 sqft
    2020-10-01 35 days 2,427 sqft
    2020-11-01 55 days 2,226 sqft
    2020-12-01 66 days 2,187 sqft
    2021-01-01 74 days 2,068 sqft
    2021-02-01 61 days 2,007 sqft
    2021-03-01 43 days 1,868 sqft
    2021-04-01 43 days 2,126 sqft
    2021-05-01 44 days 2,219 sqft
    2021-06-01 42 days 2,102 sqft
    2021-07-01 40 days 2,012 sqft
    2021-08-01 37 days 1,984 sqft
    2021-09-01 38 days 2,100 sqft
    2021-10-01 43 days 2,181 sqft
    2021-11-01 45 days 2,266 sqft
    2021-12-01 49 days 1,971 sqft
    2022-01-01 56 days 1,800 sqft
    2022-02-01 49 days 1,775 sqft
    2022-03-01 38 days 1,726 sqft
    2022-04-01 32 days 1,815 sqft
    2022-05-01 29 days 1,798 sqft
    2022-06-01 30 days 1,999 sqft
    2022-07-01 34 days 1,876 sqft
    2022-08-01 38 days 1,784 sqft
    2022-09-01 43 days 1,767 sqft
    2022-10-01 44 days 2,009 sqft
    2022-11-01 48 days 1,957 sqft
    2022-12-01 59 days 1,884 sqft
    2023-01-01 65 days 1,875 sqft
    2023-02-01 50 days 1,850 sqft
    2023-03-01 49 days 1,756 sqft
    2023-04-01 40 days 1,823 sqft
    2023-05-01 38 days 1,756 sqft
    2023-06-01 43 days 1,700 sqft
    2023-07-01 43 days 1,724 sqft
    2023-08-01 38 days 1,833 sqft
    2023-09-01 39 days 1,651 sqft
    2023-10-01 38 days 1,651 sqft
    Greensboro's median listing age (time on market) for 2023-10-01 was 38 days. This is -14% shorter than the same period one year ago.

    Greensboro's median square footage for active listings during the 2023-10-01 period was 1,651 sqft. One year prior, the average listing was 2,009 sqft.