Hickory USDA Loan Rates, Closing Costs & Stats

HICKORY-LENOIR-MORGANTON, 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.

Hickory's 28 lenders originated 90 USDA loans during 2024. The total origination value was $20,230,000, with an average USDA loan value of $224,778.

Hickory USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Hickory averaged 0% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

Hickory's average USDA mortgage closing costs are $5,383.

The average rate for the prior week (2025-06-27) was 6.44% and one month ago for the week of 2025-05-30, the average rate was 6.42%.

The average rate one year ago was 6.92%.

For refis of the same type during the week of 2025-07-04, the average rate was 0.05%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
CROSSCOUNTRY MORTGAGE, LLC 29 6.31% $8,276
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 16 6.55% $8,415
MOVEMENT MORTGAGE, LLC 5 6.93% $7,384
HOMESIDE FINANCIAL, LLC 3 6.29% $6,916
AMERICAN FINANCIAL NETWORK, INC. 3 6.17% $8,972
Alcova Mortgage LLC 3 6.50% $5,617
T2 FINANCIAL LLC 2 6.69% $9,368
UNITED WHOLESALE MORTGAGE, LLC 2 5.97% $9,672
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.31% $8,211
DHI MORTGAGE COMPANY, LTD. 2 4.93% $3,774
EAGLE HOME MORTGAGE, LLC 2 5.88% $5,061
GUILD MORTGAGE COMPANY 2 6.81% $7,236
BROKER SOLUTIONS, INC. 2 6.81% $6,741
Renasant Bank 2 6.44% $11,905
VILLAGE CAPITAL MORTGAGE 1 6.38% $6,050
C & F Mortgage Corporation 1 7.25% $5,412
HOWARD HANNA FINANCIAL SERVICES, INC. 1 6.13% $6,795
INSPIRE HOME LOANS INC. 1 5.00% $5,340
MICHIGAN MUTUAL, INC. 1 6.25% $6,963
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 7.75% $13,368
NFM, INC. 1 7.50% $9,161
ON Q FINANCIAL, INC. 1 6.75% $11,856
PLANET HOME LENDING, LLC 1 7.13% $7,768
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.00% $7,847
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.38% $9,445
SECURITYNATIONAL MORTGAGE COMPANY 1 5.25% $15,312
TOWNE MORTGAGE COMPANY 1 5.75% $10,433
ABSOLUTE HOME MORTGAGE CORPORATION 1 6.75% $6,831

The top Hickory USDA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 29 USDA loans originated. Their average total fees are $8,276, which is $139 lower than the next largest lender, ATLANTIC BAY MORTGAGE GROUP, L.L.C..

The lowest fee Hickory USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC ($8,276), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($8,415), .

The lowest rate Hickory USDA lenders (with over 10 loans originated) are CROSSCOUNTRY MORTGAGE, LLC (6.31%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.55%), .