Greensboro USDA Loans

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 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.