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 6.67% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.62% and one month ago for the week of 2024-03-15, the average rate was 6.3%.

    The average rate one year ago was 6.24%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.82%.

    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%) $322,291 (18.3%) 0.84 1,095
    2018-03-01 $246,398 (28.4%) $343,090 (22.6%) 0.86 1,058
    2018-04-01 $253,655 (23.7%) $349,105 (21.2%) 0.86 1,118
    2018-05-01 $256,880 (19.5%) $353,026 (20.5%) 0.86 1,112
    2018-06-01 $259,900 (19.8%) $358,282 (17.6%) 0.87 1,122
    2018-07-01 $249,875 (13.6%) $351,641 (13.3%) 0.83 1,204
    2018-08-01 $245,250 (9.0%) $352,312 (14.4%) 0.82 1,236
    2018-09-01 $238,950 (6.2%) $338,587 (8.1%) 0.80 1,283
    2018-10-01 $237,900 (4.9%) $336,271 (7.1%) 0.81 1,287
    2018-11-01 $248,000 (5.6%) $338,742 (6.3%) 0.84 1,219
    2018-12-01 $249,000 (6.0%) $338,339 (6.7%) 0.86 1,149
    2019-01-01 $249,900 (9.3%) $344,359 (9.5%) 0.86 1,005
    2019-02-01 $249,950 (7.8%) $340,334 (5.6%) 0.84 989
    2019-03-01 $265,543 (7.8%) $356,181 (3.8%) 0.87 925
    2019-04-01 $279,800 (10.3%) $377,124 (8.0%) 0.89 866
    2019-05-01 $299,250 (16.5%) $391,935 (11.0%) 0.94 861
    2019-06-01 $299,000 (15.0%) $398,138 (11.1%) 0.93 872
    2019-07-01 $297,750 (19.2%) $394,532 (12.2%) 0.93 884
    2019-08-01 $295,486 (20.5%) $392,056 (11.3%) 0.94 872
    2019-09-01 $289,841 (21.3%) $385,679 (13.9%) 0.93 851
    2019-10-01 $280,225 (17.8%) $377,986 (12.4%) 0.90 845
    2019-11-01 $269,900 (8.8%) $365,745 (8.0%) 0.88 840
    2019-12-01 $274,900 (10.4%) $369,415 (9.2%) 0.92 777
    2020-01-01 $267,450 (7.0%) $372,224 (8.1%) 0.89 702
    2020-02-01 $260,000 (4.0%) $370,519 (8.9%) 0.85 686
    2020-03-01 $259,950 (-2.1%) $361,376 (1.5%) 0.81 677
    2020-04-01 $263,675 (-5.8%) $357,475 (-5.2%) 0.83 669
    2020-05-01 $269,900 (-9.8%) $373,722 (-4.7%) 0.82 589
    2020-06-01 $279,450 (-6.5%) $389,848 (-2.1%) 0.82 528
    2020-07-01 $299,500 (0.6%) $396,934 (0.6%) 0.87 490
    2020-08-01 $310,000 (4.9%) $406,247 (3.6%) 0.89 443
    2020-09-01 $299,175 (3.2%) $407,475 (5.7%) 0.86 513
    2020-10-01 $309,900 (10.6%) $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 (0.0%) $414,807 (12.0%) 0.76 324
    2021-03-01 $264,500 (1.8%) $414,911 (14.8%) 0.75 287
    2021-04-01 $264,700 (0.4%) $416,582 (16.5%) 0.72 281
    2021-05-01 $264,950 (-1.8%) $433,273 (15.9%) 0.70 297
    2021-06-01 $267,750 (-4.2%) $428,482 (9.9%) 0.70 342
    2021-07-01 $275,000 (-8.2%) $410,979 (3.5%) 0.73 393
    2021-08-01 $270,600 (-12.7%) $391,978 (-3.5%) 0.72 402
    2021-09-01 $272,500 (-8.9%) $401,846 (-1.4%) 0.73 406
    2021-10-01 $269,900 (-12.9%) $405,718 (-1.8%) 0.72 377
    2021-11-01 $281,950 (-6.0%) $407,596 (-2.4%) 0.75 356
    2021-12-01 $277,400 (-5.8%) $417,883 (1.4%) 0.75 311
    2022-01-01 $296,700 (4.1%) $438,266 (3.9%) 0.80 253
    2022-02-01 $294,350 (13.2%) $427,885 (3.2%) 0.77 233
    2022-03-01 $311,175 (17.7%) $432,407 (4.2%) 0.78 254
    2022-04-01 $300,000 (13.3%) $450,281 (8.1%) 0.72 249
    2022-05-01 $317,450 (19.8%) $486,863 (12.4%) 0.73 336
    2022-06-01 $326,500 (21.9%) $483,176 (12.8%) 0.73 384
    2022-07-01 $339,900 (23.6%) $477,571 (16.2%) 0.77 465
    2022-08-01 $346,145 (27.9%) $478,147 (22.0%) 0.80 505
    2022-09-01 $339,675 (24.7%) $482,555 (20.1%) 0.79 503
    2022-10-01 $339,900 (25.9%) $477,720 (17.8%) 0.80 520
    2022-11-01 $340,773 (20.9%) $466,358 (14.4%) 0.82 573
    2022-12-01 $329,900 (18.9%) $464,150 (11.1%) 0.81 528
    2023-01-01 $343,395 (15.7%) $475,266 (8.4%) 0.85 483
    2023-02-01 $349,900 (18.9%) $480,283 (12.3%) 0.84 438
    2023-03-01 $349,450 (12.3%) $486,667 (12.6%) 0.82 440
    2023-04-01 $369,900 (23.3%) $509,681 (13.2%) 0.86 449
    2023-05-01 $376,252 (18.5%) $523,504 (7.5%) 0.85 489
    2023-06-01 $385,000 (17.9%) $524,757 (8.6%) 0.87 482
    2023-07-01 $373,540 (9.9%) $514,800 (7.8%) 0.85 497
    2023-08-01 $369,900 (6.9%) $504,256 (5.5%) 0.85 552
    2023-09-01 $360,000 (6.0%) $506,685 (5.0%) 0.84 590
    2023-10-01 $349,950 (3.0%) $505,553 (5.8%) 0.82 601
    2023-11-01 $348,750 (2.3%) $492,779 (5.7%) 0.83 647
    2023-12-01 $349,900 (6.1%) $498,989 (7.5%) 0.85 676
    2024-01-01 $349,900 (1.9%) $482,637 (1.6%) 0.85 632
    2024-02-01 $358,066 (2.3%) $496,559 (3.4%) 0.86 602
    2024-03-01 $359,900 (3.0%) $505,788 (3.9%) 0.85 637
    Hickory's median listing price for 2024-03-01 was $359,900, a difference of $10,450 (3.0%) versus the prior year and $1,834 versus the prior month.

    Hickory's median listing price comes in at 85% of the national average.

    Hickory's average listing price for 2024-03-01 was $505,788, a difference of $19,121 (3.9%) versus the prior year and $9,229 versus the prior month.

    For the 2024-03-01 period, Hickory had 637 MLS listings, a difference of 35 listings (6%) versus the prior month and 197 listings (45%) 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 2,091 sqft
    2018-02-01 86 days 2,076 sqft
    2018-03-01 73 days 2,123 sqft
    2018-04-01 63 days 2,151 sqft
    2018-05-01 61 days 2,183 sqft
    2018-06-01 64 days 2,104 sqft
    2018-07-01 65 days 2,082 sqft
    2018-08-01 67 days 2,100 sqft
    2018-09-01 73 days 2,031 sqft
    2018-10-01 81 days 2,082 sqft
    2018-11-01 88 days 2,069 sqft
    2018-12-01 95 days 2,052 sqft
    2019-01-01 97 days 2,071 sqft
    2019-02-01 92 days 2,012 sqft
    2019-03-01 80 days 2,123 sqft
    2019-04-01 72 days 2,207 sqft
    2019-05-01 65 days 2,274 sqft
    2019-06-01 63 days 2,332 sqft
    2019-07-01 64 days 2,282 sqft
    2019-08-01 62 days 2,249 sqft
    2019-09-01 65 days 2,230 sqft
    2019-10-01 66 days 2,183 sqft
    2019-11-01 65 days 2,123 sqft
    2019-12-01 74 days 2,114 sqft
    2020-01-01 85 days 2,112 sqft
    2020-02-01 73 days 2,079 sqft
    2020-03-01 55 days 2,044 sqft
    2020-04-01 54 days 2,038 sqft
    2020-05-01 60 days 2,063 sqft
    2020-06-01 60 days 2,102 sqft
    2020-07-01 52 days 2,194 sqft
    2020-08-01 44 days 2,187 sqft
    2020-09-01 37 days 2,110 sqft
    2020-10-01 43 days 2,202 sqft
    2020-11-01 44 days 2,185 sqft
    2020-12-01 50 days 2,080 sqft
    2021-01-01 58 days 1,964 sqft
    2021-02-01 48 days 1,926 sqft
    2021-03-01 41 days 1,893 sqft
    2021-04-01 36 days 1,918 sqft
    2021-05-01 29 days 1,870 sqft
    2021-06-01 29 days 1,819 sqft
    2021-07-01 29 days 1,870 sqft
    2021-08-01 33 days 1,903 sqft
    2021-09-01 39 days 1,898 sqft
    2021-10-01 37 days 1,828 sqft
    2021-11-01 40 days 1,901 sqft
    2021-12-01 43 days 1,792 sqft
    2022-01-01 46 days 1,904 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 1,789 sqft
    2022-06-01 34 days 1,899 sqft
    2022-07-01 32 days 1,937 sqft
    2022-08-01 41 days 1,970 sqft
    2022-09-01 43 days 1,957 sqft
    2022-10-01 48 days 1,970 sqft
    2022-11-01 47 days 1,989 sqft
    2022-12-01 57 days 1,920 sqft
    2023-01-01 71 days 1,915 sqft
    2023-02-01 69 days 1,887 sqft
    2023-03-01 43 days 1,881 sqft
    2023-04-01 44 days 1,996 sqft
    2023-05-01 40 days 2,039 sqft
    2023-06-01 44 days 2,034 sqft
    2023-07-01 43 days 1,980 sqft
    2023-08-01 41 days 1,976 sqft
    2023-09-01 44 days 1,933 sqft
    2023-10-01 46 days 1,816 sqft
    2023-11-01 47 days 1,799 sqft
    2023-12-01 52 days 1,884 sqft
    2024-01-01 61 days 1,899 sqft
    2024-02-01 60 days 1,895 sqft
    2024-03-01 45 days 1,824 sqft
    Hickory's median listing age (time on market) for 2024-03-01 was 45 days. This is 5% longer than the same period one year ago.

    Hickory's median square footage for active listings during the 2024-03-01 period was 1,824 sqft. One year prior, the average listing was 1,881 sqft.