Greenville USDA Loans
GREENVILLE-ANDERSON, SC
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.
Greenville's 95 lenders originated 687 USDA loans during 2021. The total origination value was $135,805,000, with an average USDA loan value of $197,678.
Greenville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Greenville
averaged
5.52%
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
5.56% and
one month ago for the week of 2022-04-08, the
average rate was 5.02%.
The average rate one year ago was 3.23%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.21%.
Greenville 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 Greenville level.
The top Greenville USDA lender as defined by loan originations is MOVEMENT MORTGAGE, LLC, with
54 USDA loans originated. Their average total fees are
$5,610, which is $343
lower than the next largest lender,
PRIMELENDING, A PLAINSCAPITAL COMPANY.
The lowest fee Greenville USDA lenders (with over 10 loans originated) are
Alcova Mortgage LLC ($3,344), HOMESTAR FINANCIAL CORPORATION ($3,446), Flagstar Bank, FSB ($4,570), Sierra Pacific Mortgage Company, Inc. ($5,100) and South State Bank ($5,160).
The lowest rate Greenville USDA lenders (with over 10 loans originated) are
South State Bank (2.66%), DHI MORTGAGE COMPANY, LTD. (2.67%), Flagstar Bank, FSB (2.71%), APEX HOME LOANS, INC. (2.74%) and Sierra Pacific Mortgage Company, Inc. (2.84%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Greenville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $265,400 (5.6%) | $344,035 (2.0%) | 0.98 | 3,623 |
2018-02-01 | $268,995 (5.7%) | $357,626 (5.8%) | 0.97 | 3,630 |
2018-03-01 | $270,000 (3.9%) | $361,883 (6.0%) | 0.93 | 3,655 |
2018-04-01 | $274,700 (3.9%) | $369,997 (4.5%) | 0.92 | 3,790 |
2018-05-01 | $273,990 (3.4%) | $373,140 (6.4%) | 0.91 | 3,907 |
2018-06-01 | $275,161 (2.8%) | $375,800 (6.6%) | 0.92 | 4,001 |
2018-07-01 | $274,950 (2.2%) | $370,407 (4.1%) | 0.92 | 4,032 |
2018-08-01 | $273,750 (2.0%) | $371,372 (4.9%) | 0.91 | 3,987 |
2018-09-01 | $264,966 (-1.1%) | $366,227 (4.3%) | 0.89 | 4,177 |
2018-10-01 | $261,293 (-3.1%) | $363,675 (2.6%) | 0.87 | 4,227 |
2018-11-01 | $263,094 (-1.8%) | $364,549 (3.3%) | 0.88 | 4,137 |
2018-12-01 | $259,965 (-1.9%) | $359,904 (3.5%) | 0.89 | 4,003 |
2019-01-01 | $262,445 (-1.1%) | $361,972 (5.2%) | 0.91 | 3,747 |
2019-02-01 | $264,825 (-1.6%) | $363,825 (1.7%) | 0.89 | 3,617 |
2019-03-01 | $273,714 (1.4%) | $372,553 (3.0%) | 0.89 | 3,543 |
2019-04-01 | $280,484 (2.1%) | $381,775 (3.2%) | 0.88 | 3,501 |
2019-05-01 | $282,450 (3.1%) | $385,929 (3.4%) | 0.87 | 3,666 |
2019-06-01 | $279,900 (1.7%) | $386,504 (2.9%) | 0.86 | 3,901 |
2019-07-01 | $275,675 (0.3%) | $389,895 (5.3%) | 0.86 | 4,091 |
2019-08-01 | $274,963 (0.4%) | $385,790 (3.9%) | 0.87 | 4,060 |
2019-09-01 | $269,057 (1.5%) | $375,657 (2.6%) | 0.85 | 4,038 |
2019-10-01 | $270,950 (3.7%) | $381,804 (5.0%) | 0.86 | 4,122 |
2019-11-01 | $269,900 (2.6%) | $383,155 (5.1%) | 0.87 | 4,071 |
2019-12-01 | $265,000 (1.9%) | $374,505 (4.1%) | 0.88 | 3,804 |
2020-01-01 | $267,400 (1.9%) | $374,125 (3.4%) | 0.89 | 3,603 |
2020-02-01 | $272,500 (2.9%) | $386,126 (6.1%) | 0.88 | 3,371 |
2020-03-01 | $276,395 (1.0%) | $398,427 (7.0%) | 0.86 | 3,386 |
2020-04-01 | $279,250 (-0.4%) | $401,430 (5.2%) | 0.87 | 3,466 |
2020-05-01 | $284,681 (0.8%) | $417,193 (8.1%) | 0.86 | 3,327 |
2020-06-01 | $290,495 (3.8%) | $429,143 (11.0%) | 0.85 | 2,952 |
2020-07-01 | $287,458 (4.3%) | $431,994 (10.8%) | 0.82 | 2,827 |
2020-08-01 | $289,900 (5.4%) | $440,582 (14.2%) | 0.83 | 2,667 |
2020-09-01 | $289,950 (7.8%) | $440,748 (17.3%) | 0.83 | 2,482 |
2020-10-01 | $285,000 (5.2%) | $429,500 (12.5%) | 0.81 | 2,437 |
2020-11-01 | $281,517 (4.3%) | $415,924 (8.6%) | 0.81 | 2,426 |
2020-12-01 | $278,532 (5.1%) | $411,796 (10.0%) | 0.82 | 2,286 |
2021-01-01 | $274,445 (2.6%) | $412,740 (10.3%) | 0.81 | 1,998 |
2021-02-01 | $278,845 (2.3%) | $420,561 (8.9%) | 0.80 | 1,726 |
2021-03-01 | $294,000 (6.4%) | $435,950 (9.4%) | 0.82 | 1,433 |
2021-04-01 | $303,495 (8.7%) | $458,085 (14.1%) | 0.82 | 1,271 |
2021-05-01 | $299,990 (5.4%) | $467,747 (12.1%) | 0.79 | 1,151 |
2021-06-01 | $311,956 (7.4%) | $477,625 (11.3%) | 0.81 | 1,199 |
2021-07-01 | $313,331 (9.0%) | $471,479 (9.1%) | 0.81 | 1,406 |
2021-08-01 | $328,850 (13.4%) | $481,668 (9.3%) | 0.86 | 1,525 |
2021-09-01 | $325,495 (12.3%) | $466,138 (5.8%) | 0.86 | 1,558 |
2021-10-01 | $327,000 (14.7%) | $469,410 (9.3%) | 0.86 | 1,527 |
2021-11-01 | $325,000 (15.5%) | $466,783 (12.2%) | 0.86 | 1,470 |
2021-12-01 | $319,547 (14.7%) | $469,371 (14.0%) | 0.85 | 1,390 |
2022-01-01 | $317,990 (15.9%) | $465,553 (12.8%) | 0.85 | 1,171 |
2022-02-01 | $333,580 (19.6%) | $489,925 (16.5%) | 0.85 | 975 |
2022-03-01 | $335,480 (14.1%) | $500,747 (14.9%) | 0.83 | 913 |
2022-04-01 | $349,500 (15.2%) | $495,605 (8.2%) | 0.82 | 966 |
Greenville's median listing price comes in at 82% of the national average.
Greenville's average listing price for 2022-04-01 was $495,605, a difference of $37,520 (8.2%) versus the prior year and $-5,142 versus the prior month.
For the 2022-04-01 period, Greenville had 966 MLS listings, a difference of 53 listings (6%) versus the prior month and -305 listings (-24%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Greenville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 82 days | 2,447 sqft |
2018-02-01 | 79 days | 2,452 sqft |
2018-03-01 | 63 days | 2,320 sqft |
2018-04-01 | 61 days | 2,386 sqft |
2018-05-01 | 56 days | 2,383 sqft |
2018-06-01 | 60 days | 2,400 sqft |
2018-07-01 | 66 days | 2,342 sqft |
2018-08-01 | 70 days | 2,279 sqft |
2018-09-01 | 68 days | 2,231 sqft |
2018-10-01 | 67 days | 2,206 sqft |
2018-11-01 | 71 days | 2,149 sqft |
2018-12-01 | 81 days | 2,100 sqft |
2019-01-01 | 91 days | 2,100 sqft |
2019-02-01 | 89 days | 2,088 sqft |
2019-03-01 | 69 days | 2,176 sqft |
2019-04-01 | 59 days | 2,252 sqft |
2019-05-01 | 55 days | 2,239 sqft |
2019-06-01 | 57 days | 2,219 sqft |
2019-07-01 | 57 days | 2,235 sqft |
2019-08-01 | 59 days | 2,209 sqft |
2019-09-01 | 65 days | 2,191 sqft |
2019-10-01 | 66 days | 2,172 sqft |
2019-11-01 | 67 days | 2,200 sqft |
2019-12-01 | 76 days | 2,135 sqft |
2020-01-01 | 82 days | 2,130 sqft |
2020-02-01 | 80 days | 2,144 sqft |
2020-03-01 | 64 days | 2,229 sqft |
2020-04-01 | 64 days | 2,264 sqft |
2020-05-01 | 70 days | 2,272 sqft |
2020-06-01 | 77 days | 2,281 sqft |
2020-07-01 | 64 days | 2,286 sqft |
2020-08-01 | 58 days | 2,225 sqft |
2020-09-01 | 57 days | 2,099 sqft |
2020-10-01 | 57 days | 2,089 sqft |
2020-11-01 | 56 days | 2,078 sqft |
2020-12-01 | 65 days | 2,071 sqft |
2021-01-01 | 71 days | 1,957 sqft |
2021-02-01 | 63 days | 1,941 sqft |
2021-03-01 | 55 days | 1,846 sqft |
2021-04-01 | 55 days | 1,960 sqft |
2021-05-01 | 45 days | 2,060 sqft |
2021-06-01 | 43 days | 2,123 sqft |
2021-07-01 | 37 days | 2,103 sqft |
2021-08-01 | 40 days | 2,207 sqft |
2021-09-01 | 44 days | 2,150 sqft |
2021-10-01 | 49 days | 1,995 sqft |
2021-11-01 | 49 days | 1,905 sqft |
2021-12-01 | 51 days | 1,984 sqft |
2022-01-01 | 57 days | 2,000 sqft |
2022-02-01 | 46 days | 1,953 sqft |
2022-03-01 | 39 days | 1,924 sqft |
2022-04-01 | 36 days | 1,956 sqft |
Greenville's median square footage for active listings during the 2022-04-01 period was 1,956 sqft. One year prior, the average listing was 1,960 sqft.