Greenville USDA Loans

GREENVILLE, 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.

Greenville's 27 lenders originated 72 USDA loans during 2021. The total origination value was $13,410,000, with an average USDA loan value of $186,250.

Greenville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Greenville averaged 5.45% 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 5.58% and one month ago for the week of 2022-04-08, the average rate was 4.84%.

The average rate one year ago was 2.96%.

For refis of the same type during the week of 2022-05-13, the average rate was 4.96%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
Alcova Mortgage LLC 15 2.75% $3,517
ANGEL OAK HOME LOANS LLC 6 2.90% $6,707
CALIBER HOME LOANS, INC. 5 3.21% $6,255
Truist Bank 5 2.78% $4,758
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 5 3.02% $7,045
FAIR WAY LENDING LLC 3 2.75% $4,742
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 3.17% $6,073
MOVEMENT MORTGAGE, LLC 3 2.71% $7,206
FINANCE OF AMERICA MORTGAGE LLC 2 2.94% $6,124
United Bank 2 3.13% $4,771
Towne Bank 2 2.69% $5,131
First-Citizens Bank & Trust Company 2 2.56% $4,360
UNION HOME MORTGAGE CORP. 2 3.06% $5,246
Bank of England 2 3.00% $6,581
GENEVA FINANCIAL, LLC 1 2.75% $5,506
ON Q FINANCIAL, INC. 1 3.50% $6,565
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.99% $8,981
SIGNATURE MORTGAGE CORPORATION 1 2.88% $5,553
Southern Bank and Trust Company 1 2.50% $1,949
ALL WESTERN MORTGAGE, INC. 1 3.38% $4,423
CMG MORTGAGE, INC. 1 2.75% $5,701
Blue Ridge Bank 1 3.50% $5,953
CORNERSTONE HOME LENDING, INC. 1 3.25% $5,181
DHI MORTGAGE COMPANY, LTD. 1 3.00% $4,839
EMM LOANS LLC 1 2.63% $6,490
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.50% $6,855
Flagstar Bank, FSB 1 3.25% $4,370

The top Greenville USDA lender as defined by loan originations is Alcova Mortgage LLC, with 15 USDA loans originated. Their average total fees are $3,517, which is $3,190 lower than the next largest lender, ANGEL OAK HOME LOANS LLC.

The lowest fee Greenville USDA lenders (with over 10 loans originated) are Alcova Mortgage LLC ($3,517), .

The lowest rate Greenville USDA lenders (with over 10 loans originated) are Alcova Mortgage LLC (2.75%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Greenville (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 $192,900 (13.5%) $226,345 (12.1%) 0.71 531
2018-02-01 $195,200 (14.8%) $233,635 (13.6%) 0.70 524
2018-03-01 $198,500 (12.2%) $233,442 (11.7%) 0.69 539
2018-04-01 $205,000 (14.0%) $244,033 (15.1%) 0.69 544
2018-05-01 $201,500 (7.2%) $242,488 (10.4%) 0.67 567
2018-06-01 $205,000 (9.3%) $244,189 (8.9%) 0.68 585
2018-07-01 $199,999 (6.4%) $244,265 (8.7%) 0.67 562
2018-08-01 $199,900 (9.5%) $241,695 (9.3%) 0.67 543
2018-09-01 $196,960 (7.3%) $233,653 (5.1%) 0.66 559
2018-10-01 $196,000 (3.1%) $232,011 (3.1%) 0.66 548
2018-11-01 $198,400 (2.2%) $234,475 (3.3%) 0.67 512
2018-12-01 $197,900 (3.1%) $233,491 (5.1%) 0.68 470
2019-01-01 $199,900 (3.6%) $236,251 (4.4%) 0.69 398
2019-02-01 $203,650 (4.3%) $238,629 (2.1%) 0.68 391
2019-03-01 $214,903 (8.3%) $245,373 (5.1%) 0.70 372
2019-04-01 $224,220 (9.4%) $253,136 (3.7%) 0.71 359
2019-05-01 $239,900 (19.1%) $261,261 (7.7%) 0.74 353
2019-06-01 $234,900 (14.6%) $257,291 (5.4%) 0.72 341
2019-07-01 $217,500 (8.8%) $242,316 (-0.8%) 0.68 368
2019-08-01 $215,714 (7.9%) $243,804 (0.9%) 0.68 367
2019-09-01 $213,164 (8.2%) $238,577 (2.1%) 0.68 380
2019-10-01 $213,750 (9.1%) $235,813 (1.6%) 0.68 382
2019-11-01 $219,900 (10.8%) $237,591 (1.3%) 0.71 365
2019-12-01 $225,000 (13.7%) $243,008 (4.1%) 0.75 369
2020-01-01 $226,150 (13.1%) $252,934 (7.1%) 0.75 338
2020-02-01 $227,900 (11.9%) $256,990 (7.7%) 0.74 318
2020-03-01 $239,300 (11.4%) $267,994 (9.2%) 0.75 335
2020-04-01 $244,450 (9.0%) $274,931 (8.6%) 0.76 348
2020-05-01 $260,490 (8.6%) $295,671 (13.2%) 0.79 316
2020-06-01 $267,695 (14.0%) $313,551 (21.9%) 0.78 275
2020-07-01 $269,900 (24.1%) $318,899 (31.6%) 0.77 260
2020-08-01 $269,000 (24.7%) $337,856 (38.6%) 0.77 238
2020-09-01 $278,450 (30.6%) $349,108 (46.3%) 0.80 218
2020-10-01 $278,700 (30.4%) $350,515 (48.6%) 0.80 201
2020-11-01 $280,200 (27.4%) $358,016 (50.7%) 0.80 196
2020-12-01 $272,490 (21.1%) $360,874 (48.5%) 0.80 173
2021-01-01 $258,000 (14.1%) $346,067 (36.8%) 0.76 152
2021-02-01 $260,865 (14.5%) $340,749 (32.6%) 0.75 125
2021-03-01 $266,820 (11.5%) $356,117 (32.9%) 0.75 126
2021-04-01 $249,500 (2.1%) $337,352 (22.7%) 0.67 133
2021-05-01 $237,000 (-9.0%) $332,844 (12.6%) 0.62 136
2021-06-01 $249,245 (-6.9%) $340,805 (8.7%) 0.65 138
2021-07-01 $243,500 (-9.8%) $329,159 (3.2%) 0.63 150
2021-08-01 $244,450 (-9.1%) $282,784 (-16.3%) 0.64 181
2021-09-01 $251,490 (-9.7%) $286,759 (-17.9%) 0.66 188
2021-10-01 $257,500 (-7.6%) $290,594 (-17.1%) 0.68 181
2021-11-01 $274,950 (-1.9%) $314,135 (-12.3%) 0.72 168
2021-12-01 $252,500 (-7.3%) $297,310 (-17.6%) 0.67 146
2022-01-01 $252,000 (-2.3%) $306,698 (-11.4%) 0.67 100
2022-02-01 $262,450 (0.6%) $312,055 (-8.4%) 0.67 80
2022-03-01 $264,950 (-0.7%) $311,464 (-12.5%) 0.65 71
2022-04-01 $278,000 (11.4%) $374,135 (10.9%) 0.65 96
Greenville's median listing price for 2022-04-01 was $278,000, a difference of $28,500 (11.4%) versus the prior year and $13,050 versus the prior month.

Greenville's median listing price comes in at 65% of the national average.

Greenville's average listing price for 2022-04-01 was $374,135, a difference of $36,783 (10.9%) versus the prior year and $62,671 versus the prior month.

For the 2022-04-01 period, Greenville had 96 MLS listings, a difference of 25 listings (35%) versus the prior month and -37 listings (-28%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Greenville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 108 days 2,007 sqft
2018-02-01 87 days 2,065 sqft
2018-03-01 74 days 2,038 sqft
2018-04-01 64 days 2,155 sqft
2018-05-01 60 days 2,120 sqft
2018-06-01 61 days 2,144 sqft
2018-07-01 72 days 2,089 sqft
2018-08-01 80 days 2,065 sqft
2018-09-01 86 days 2,030 sqft
2018-10-01 91 days 2,012 sqft
2018-11-01 100 days 2,031 sqft
2018-12-01 108 days 2,021 sqft
2019-01-01 109 days 1,997 sqft
2019-02-01 89 days 2,057 sqft
2019-03-01 67 days 2,148 sqft
2019-04-01 51 days 2,205 sqft
2019-05-01 41 days 2,280 sqft
2019-06-01 56 days 2,230 sqft
2019-07-01 56 days 2,123 sqft
2019-08-01 64 days 2,136 sqft
2019-09-01 69 days 2,121 sqft
2019-10-01 62 days 2,101 sqft
2019-11-01 70 days 2,120 sqft
2019-12-01 74 days 2,154 sqft
2020-01-01 84 days 2,147 sqft
2020-02-01 78 days 2,160 sqft
2020-03-01 60 days 2,225 sqft
2020-04-01 55 days 2,256 sqft
2020-05-01 64 days 2,424 sqft
2020-06-01 73 days 2,510 sqft
2020-07-01 70 days 2,513 sqft
2020-08-01 56 days 2,460 sqft
2020-09-01 52 days 2,475 sqft
2020-10-01 45 days 2,390 sqft
2020-11-01 46 days 2,400 sqft
2020-12-01 62 days 2,368 sqft
2021-01-01 72 days 2,242 sqft
2021-02-01 58 days 2,235 sqft
2021-03-01 42 days 2,243 sqft
2021-04-01 44 days 2,141 sqft
2021-05-01 39 days 1,978 sqft
2021-06-01 41 days 2,044 sqft
2021-07-01 40 days 2,016 sqft
2021-08-01 34 days 2,010 sqft
2021-09-01 39 days 2,013 sqft
2021-10-01 44 days 1,995 sqft
2021-11-01 45 days 2,022 sqft
2021-12-01 56 days 1,932 sqft
2022-01-01 57 days 1,914 sqft
2022-02-01 51 days 1,916 sqft
2022-03-01 37 days 1,935 sqft
2022-04-01 24 days 1,986 sqft
Greenville's median listing age (time on market) for 2022-04-01 was 24 days. This is -45% shorter than the same period one year ago.

Greenville's median square footage for active listings during the 2022-04-01 period was 1,986 sqft. One year prior, the average listing was 2,141 sqft.