Hickory USDA Loan Rates, Closing Costs & Stats

HICKORY-LENOIR-MORGANTON, 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.

    Hickory's 29 lenders originated 89 USDA loans during 2023. The total origination value was $18,135,000, with an average USDA loan value of $203,764.

    Hickory USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Hickory averaged 6.33% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Hickory's average USDA mortgage closing costs are $5,257.

    The average rate for the prior week (2025-02-07) was 6.09% and one month ago for the week of 2025-01-10, the average rate was 6.14%.

    The average rate one year ago was 6.43%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.69%.

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

    Hickory 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 Hickory level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 19 6.45% $9,762
    CROSSCOUNTRY MORTGAGE, LLC 15 6.73% $7,691
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 5 6.48% $7,125
    Alcova Mortgage LLC 5 6.20% $3,665
    MOVEMENT MORTGAGE, LLC 4 6.50% $5,614
    UNITED WHOLESALE MORTGAGE, LLC 3 6.05% $8,605
    American Security Mortgage Corp. 3 6.13% $8,430
    CARDINAL FINANCIAL 3 6.38% $10,050
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.54% $8,372
    UNION HOME MORTGAGE CORP. 3 6.79% $7,211
    SeaTrust Mortgage Company 2 6.38% $10,952
    Peoples Bank 2 7.19% $6,635
    T2 FINANCIAL LLC 2 5.94% $13,054
    GUARANTEED RATE, INC. 2 6.25% $7,368
    Renasant Bank 2 5.88% $6,056
    EAGLE HOME MORTGAGE, LLC 2 5.81% $5,683
    INSPIRE HOME LOANS INC. 1 6.38% $9,463
    CIS Financial Services, Inc. 1 6.13% $6,170
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.50% $5,293
    PLANET HOME LENDING, LLC 1 7.25% $5,503
    SECURITYNATIONAL MORTGAGE COMPANY 1 7.00% $8,114
    Truist 1 6.00% $6,248
    DHI MORTGAGE COMPANY, LTD. 1 4.75% $3,633
    Northpointe Bank 1 6.25% $4,834
    First Horizon Bank 1 6.63% $6,148
    First Savings Bank 1 6.25% $6,817
    GUILD MORTGAGE COMPANY 1 6.63% $6,353
    CMG MORTGAGE, INC. 1 6.75% $5,755
    HOMESTAR FINANCIAL CORPORATION 1 5.13% $4,552

    The top Hickory USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 19 USDA loans originated. Their average total fees are $9,762, which is $2,071 higher than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Hickory USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($7,691), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($9,762), .

    The lowest rate Hickory USDA lenders (with over 10 loans originated) are ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.45%), CROSSCOUNTRY MORTGAGE, LLC (6.73%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hickory (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 $228,750 (27.6%) $314,555 (18.2%) 0.85 1,032
    2018-02-01 $231,950 (26.1%) $322,321 (18.4%) 0.84 1,095
    2018-03-01 $246,398 (28.5%) $344,043 (23.0%) 0.86 1,058
    2018-04-01 $254,375 (24.1%) $350,100 (21.6%) 0.86 1,119
    2018-05-01 $257,400 (19.8%) $354,376 (21.0%) 0.86 1,113
    2018-06-01 $259,900 (19.8%) $359,618 (18.1%) 0.87 1,123
    2018-07-01 $250,950 (14.1%) $352,899 (13.7%) 0.83 1,205
    2018-08-01 $246,750 (9.7%) $352,633 (14.5%) 0.82 1,236
    2018-09-01 $239,000 (6.2%) $338,897 (8.2%) 0.80 1,283
    2018-10-01 $239,300 (5.6%) $336,698 (7.2%) 0.81 1,287
    2018-11-01 $248,700 (5.9%) $339,180 (6.5%) 0.84 1,219
    2018-12-01 $249,000 (6.0%) $338,822 (6.8%) 0.86 1,151
    2019-01-01 $249,900 (9.3%) $344,080 (9.4%) 0.86 1,006
    2019-02-01 $249,950 (7.8%) $339,910 (5.5%) 0.84 988
    2019-03-01 $267,257 (8.5%) $355,569 (3.4%) 0.87 926
    2019-04-01 $281,900 (10.8%) $376,597 (7.6%) 0.89 868
    2019-05-01 $299,350 (16.3%) $391,293 (10.4%) 0.94 861
    2019-06-01 $299,000 (15.0%) $397,466 (10.5%) 0.93 872
    2019-07-01 $298,625 (19.0%) $394,819 (11.9%) 0.93 886
    2019-08-01 $295,791 (19.9%) $392,276 (11.2%) 0.94 874
    2019-09-01 $290,227 (21.4%) $385,841 (13.9%) 0.93 853
    2019-10-01 $280,450 (17.2%) $378,109 (12.3%) 0.90 846
    2019-11-01 $269,900 (8.5%) $365,745 (7.8%) 0.88 840
    2019-12-01 $274,900 (10.4%) $369,415 (9.0%) 0.92 777
    2020-01-01 $267,450 (7.0%) $372,224 (8.2%) 0.89 702
    2020-02-01 $261,000 (4.4%) $370,956 (9.1%) 0.85 687
    2020-03-01 $259,950 (-2.7%) $361,376 (1.6%) 0.81 677
    2020-04-01 $263,675 (-6.5%) $357,475 (-5.1%) 0.83 669
    2020-05-01 $269,900 (-9.8%) $373,722 (-4.5%) 0.82 589
    2020-06-01 $279,450 (-6.5%) $389,848 (-1.9%) 0.82 528
    2020-07-01 $299,500 (0.3%) $396,934 (0.5%) 0.87 490
    2020-08-01 $310,000 (4.8%) $406,247 (3.6%) 0.89 443
    2020-09-01 $299,175 (3.1%) $407,475 (5.6%) 0.86 513
    2020-10-01 $309,900 (10.5%) $413,087 (9.3%) 0.89 425
    2020-11-01 $299,950 (11.1%) $417,807 (14.2%) 0.88 438
    2020-12-01 $294,450 (7.1%) $412,280 (11.6%) 0.88 412
    2021-01-01 $285,000 (6.6%) $421,957 (13.4%) 0.85 366
    2021-02-01 $259,950 (-0.4%) $414,807 (11.8%) 0.76 324
    2021-03-01 $264,625 (1.8%) $415,070 (14.9%) 0.75 288
    2021-04-01 $264,950 (0.5%) $416,876 (16.6%) 0.72 282
    2021-05-01 $269,900 (0.0%) $433,438 (16.0%) 0.70 298
    2021-06-01 $268,975 (-3.8%) $428,530 (9.9%) 0.70 343
    2021-07-01 $275,000 (-8.2%) $411,057 (3.6%) 0.73 394
    2021-08-01 $271,750 (-12.3%) $392,095 (-3.5%) 0.72 403
    2021-09-01 $273,000 (-8.8%) $401,944 (-1.4%) 0.73 407
    2021-10-01 $269,900 (-12.9%) $405,814 (-1.8%) 0.72 378
    2021-11-01 $282,400 (-5.9%) $407,691 (-2.4%) 0.75 357
    2021-12-01 $277,425 (-5.8%) $417,969 (1.4%) 0.75 312
    2022-01-01 $298,500 (4.7%) $438,305 (3.9%) 0.80 254
    2022-02-01 $294,500 (13.3%) $427,959 (3.2%) 0.77 234
    2022-03-01 $311,575 (17.7%) $432,460 (4.2%) 0.78 255
    2022-04-01 $304,900 (15.1%) $450,280 (8.0%) 0.72 251
    2022-05-01 $317,450 (17.6%) $486,815 (12.3%) 0.73 336
    2022-06-01 $326,500 (21.4%) $483,176 (12.8%) 0.73 384
    2022-07-01 $339,900 (23.6%) $477,280 (16.1%) 0.77 466
    2022-08-01 $346,145 (27.4%) $478,012 (21.9%) 0.80 505
    2022-09-01 $339,675 (24.4%) $482,555 (20.1%) 0.79 503
    2022-10-01 $339,900 (25.9%) $477,715 (17.7%) 0.80 521
    2022-11-01 $342,295 (21.2%) $468,195 (14.8%) 0.82 575
    2022-12-01 $329,950 (18.9%) $466,335 (11.6%) 0.81 530
    2023-01-01 $343,923 (15.2%) $475,265 (8.4%) 0.85 484
    2023-02-01 $349,950 (18.8%) $480,648 (12.3%) 0.84 438
    2023-03-01 $349,900 (12.3%) $486,643 (12.5%) 0.82 441
    2023-04-01 $369,950 (21.3%) $509,614 (13.2%) 0.86 450
    2023-05-01 $376,495 (18.6%) $523,419 (7.5%) 0.85 490
    2023-06-01 $385,000 (17.9%) $524,668 (8.6%) 0.87 483
    2023-07-01 $374,450 (10.2%) $516,267 (8.2%) 0.85 498
    2023-08-01 $369,900 (6.9%) $505,866 (5.8%) 0.85 551
    2023-09-01 $360,000 (6.0%) $506,552 (5.0%) 0.84 589
    2023-10-01 $350,200 (3.0%) $507,904 (6.3%) 0.82 602
    2023-11-01 $349,000 (2.0%) $496,130 (6.0%) 0.83 647
    2023-12-01 $349,900 (6.1%) $501,225 (7.5%) 0.85 677
    2024-01-01 $349,900 (1.7%) $483,623 (1.8%) 0.85 633
    2024-02-01 $359,858 (2.8%) $497,539 (3.5%) 0.86 603
    2024-03-01 $359,950 (2.9%) $506,651 (4.1%) 0.85 638
    2024-04-01 $369,450 (-0.1%) $510,909 (0.3%) 0.86 675
    2024-05-01 $372,425 (-1.1%) $527,981 (0.9%) 0.85 708
    2024-06-01 $369,950 (-3.9%) $526,079 (0.3%) 0.84 738
    2024-07-01 $367,720 (-1.8%) $519,039 (0.5%) 0.84 802
    2024-08-01 $350,000 (-5.4%) $496,804 (-1.8%) 0.81 873
    2024-09-01 $349,000 (-3.1%) $493,119 (-2.7%) 0.82 924
    2024-10-01 $346,450 (-1.1%) $493,953 (-2.8%) 0.82 852
    2024-11-01 $349,000 (0.0%) $490,007 (-1.2%) 0.84 895
    2024-12-01 $344,450 (-1.6%) $472,889 (-5.7%) 0.86 881
    2025-01-01 $347,450 (-0.7%) $471,337 (-2.5%) 0.00 803
    Hickory's median listing price for 2025-01-01 was $347,450, a difference of $-2,450 (-0.7%) versus the prior year and $3,000 versus the prior month.

    Hickory's median listing price comes in at 0% of the national average.

    Hickory's average listing price for 2025-01-01 was $471,337, a difference of $-12,286 (-2.5%) versus the prior year and $-1,552 versus the prior month.

    For the 2025-01-01 period, Hickory had 803 MLS listings, a difference of -78 listings (-9%) versus the prior month and 170 listings (27%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hickory (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 104 days 2,089 sqft
    2018-02-01 86 days 2,077 sqft
    2018-03-01 73 days 2,127 sqft
    2018-04-01 63 days 2,160 sqft
    2018-05-01 61 days 2,192 sqft
    2018-06-01 64 days 2,113 sqft
    2018-07-01 65 days 2,091 sqft
    2018-08-01 67 days 2,103 sqft
    2018-09-01 73 days 2,032 sqft
    2018-10-01 81 days 2,086 sqft
    2018-11-01 88 days 2,072 sqft
    2018-12-01 95 days 2,058 sqft
    2019-01-01 97 days 2,072 sqft
    2019-02-01 92 days 2,018 sqft
    2019-03-01 80 days 2,127 sqft
    2019-04-01 72 days 2,212 sqft
    2019-05-01 65 days 2,282 sqft
    2019-06-01 63 days 2,345 sqft
    2019-07-01 64 days 2,289 sqft
    2019-08-01 62 days 2,254 sqft
    2019-09-01 65 days 2,235 sqft
    2019-10-01 66 days 2,185 sqft
    2019-11-01 65 days 2,123 sqft
    2019-12-01 74 days 2,117 sqft
    2020-01-01 85 days 2,112 sqft
    2020-02-01 73 days 2,071 sqft
    2020-03-01 55 days 2,041 sqft
    2020-04-01 54 days 2,038 sqft
    2020-05-01 60 days 2,062 sqft
    2020-06-01 60 days 2,097 sqft
    2020-07-01 52 days 2,195 sqft
    2020-08-01 44 days 2,208 sqft
    2020-09-01 37 days 2,110 sqft
    2020-10-01 43 days 2,224 sqft
    2020-11-01 44 days 2,190 sqft
    2020-12-01 50 days 2,080 sqft
    2021-01-01 58 days 1,961 sqft
    2021-02-01 48 days 1,923 sqft
    2021-03-01 41 days 1,894 sqft
    2021-04-01 36 days 1,921 sqft
    2021-05-01 29 days 1,872 sqft
    2021-06-01 29 days 1,815 sqft
    2021-07-01 29 days 1,870 sqft
    2021-08-01 33 days 1,902 sqft
    2021-09-01 39 days 1,895 sqft
    2021-10-01 37 days 1,828 sqft
    2021-11-01 40 days 1,902 sqft
    2021-12-01 43 days 1,809 sqft
    2022-01-01 46 days 1,906 sqft
    2022-02-01 34 days 1,875 sqft
    2022-03-01 27 days 1,902 sqft
    2022-04-01 26 days 1,806 sqft
    2022-05-01 27 days 1,794 sqft
    2022-06-01 34 days 1,900 sqft
    2022-07-01 32 days 1,920 sqft
    2022-08-01 41 days 1,967 sqft
    2022-09-01 43 days 1,955 sqft
    2022-10-01 48 days 1,965 sqft
    2022-11-01 47 days 1,986 sqft
    2022-12-01 57 days 1,918 sqft
    2023-01-01 71 days 1,911 sqft
    2023-02-01 69 days 1,881 sqft
    2023-03-01 43 days 1,879 sqft
    2023-04-01 44 days 1,998 sqft
    2023-05-01 40 days 2,038 sqft
    2023-06-01 44 days 2,034 sqft
    2023-07-01 43 days 1,980 sqft
    2023-08-01 41 days 1,974 sqft
    2023-09-01 44 days 1,930 sqft
    2023-10-01 46 days 1,819 sqft
    2023-11-01 47 days 1,809 sqft
    2023-12-01 52 days 1,884 sqft
    2024-01-01 61 days 1,903 sqft
    2024-02-01 60 days 1,899 sqft
    2024-03-01 45 days 1,831 sqft
    2024-04-01 43 days 1,890 sqft
    2024-05-01 37 days 1,917 sqft
    2024-06-01 41 days 1,902 sqft
    2024-07-01 44 days 1,898 sqft
    2024-08-01 49 days 1,826 sqft
    2024-09-01 52 days 1,825 sqft
    2024-10-01 62 days 1,788 sqft
    2024-11-01 66 days 1,764 sqft
    2024-12-01 71 days 1,742 sqft
    2025-01-01 0 days 1,754 sqft
    Hickory's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Hickory's median square footage for active listings during the 2025-01-01 period was 1,754 sqft. One year prior, the average listing was 1,903 sqft.