Kinston USDA Loan Rates, Closing Costs & Stats

Kinston, 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.

    Kinston's 7 lenders originated 9 USDA loans during 2023. The total origination value was $2,055,000, with an average USDA loan value of $228,333.

    Kinston USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Kinston averaged 6.53% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Kinston's average USDA mortgage closing costs are $5,233.

    The average rate for the prior week (2024-04-12) was 6.28% and one month ago for the week of 2024-03-15, the average rate was 6.37%.

    The average rate one year ago was 6.31%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

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

    Kinston 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 Kinston level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    EMM LOANS LLC 2 6.81% $7,615
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 7.00% $7,537
    CORNERSTONE HOME LENDING, INC. 1 6.38% $8,188
    TOWNE MORTGAGE COMPANY 1 6.63% $7,168
    FBC MORTGAGE, LLC 1 5.99% $4,771
    MOVEMENT MORTGAGE, LLC 1 7.25% $11,721
    CMG MORTGAGE, INC. 1 6.25% $8,303

    The top Kinston USDA lender as defined by loan originations is EMM LOANS LLC, with 2 USDA loans originated. Their average total fees are $7,615, which is $78 higher than the next largest lender, ATLANTIC BAY MORTGAGE GROUP, L.L.C..

    The lowest fee Kinston USDA lenders (with over 10 loans originated) are .

    The lowest rate Kinston USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kinston (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 $114,950 (-3.4%) $130,920 (-6.5%) 0.00 200
    2018-02-01 $114,900 (-5.0%) $130,791 (-10.0%) 0.00 199
    2018-03-01 $119,000 (-7.2%) $131,613 (-10.2%) 0.00 196
    2018-04-01 $119,000 (-7.8%) $134,463 (-6.2%) 0.00 183
    2018-05-01 $113,425 (-8.8%) $131,031 (-5.4%) 0.00 171
    2018-06-01 $115,000 (-7.2%) $133,755 (-3.7%) 0.00 156
    2018-07-01 $122,425 (-2.0%) $140,123 (3.4%) 0.00 159
    2018-08-01 $115,000 (-7.9%) $136,785 (2.0%) 0.00 152
    2018-09-01 $119,900 (0.0%) $142,141 (6.9%) 0.00 153
    2018-10-01 $122,275 (2.0%) $140,097 (5.2%) 0.00 134
    2018-11-01 $119,100 (4.2%) $141,818 (10.1%) 0.00 126
    2018-12-01 $119,000 (3.6%) $142,712 (9.9%) 0.00 128
    2019-01-01 $119,000 (3.5%) $149,291 (14.0%) 0.00 114
    2019-02-01 $119,000 (3.6%) $155,465 (18.9%) 0.00 100
    2019-03-01 $119,429 (0.4%) $161,845 (23.0%) 0.00 94
    2019-04-01 $124,250 (4.4%) $163,733 (21.8%) 0.00 93
    2019-05-01 $129,800 (14.4%) $167,893 (28.1%) 0.00 103
    2019-06-01 $129,000 (12.2%) $160,606 (20.1%) 0.00 114
    2019-07-01 $124,500 (1.7%) $153,722 (9.7%) 0.00 108
    2019-08-01 $125,541 (9.2%) $158,906 (16.2%) 0.00 106
    2019-09-01 $119,302 (-0.5%) $156,655 (10.2%) 0.00 104
    2019-10-01 $116,393 (-4.8%) $154,686 (10.4%) 0.00 103
    2019-11-01 $110,000 (-7.6%) $140,904 (-0.6%) 0.00 116
    2019-12-01 $103,475 (-13.1%) $133,538 (-6.4%) 0.00 118
    2020-01-01 $114,650 (-3.7%) $137,586 (-7.8%) 0.00 103
    2020-02-01 $114,900 (-3.5%) $136,362 (-12.3%) 0.00 108
    2020-03-01 $113,725 (-4.8%) $139,194 (-14.0%) 0.00 104
    2020-04-01 $114,950 (-7.5%) $150,513 (-8.1%) 0.00 94
    2020-05-01 $118,950 (-8.4%) $146,635 (-12.7%) 0.00 89
    2020-06-01 $124,425 (-3.6%) $156,760 (-2.4%) 0.00 68
    2020-07-01 $123,200 (-1.0%) $163,560 (6.4%) 0.00 63
    2020-08-01 $129,450 (3.1%) $170,647 (7.4%) 0.00 55
    2020-09-01 $129,999 (9.0%) $168,922 (7.8%) 0.00 47
    2020-10-01 $137,500 (18.1%) $179,919 (16.3%) 0.00 45
    2020-11-01 $148,450 (35.0%) $179,929 (27.7%) 0.00 55
    2020-12-01 $138,350 (33.7%) $160,292 (20.0%) 0.00 52
    2021-01-01 $148,000 (29.1%) $175,434 (27.5%) 0.00 47
    2021-02-01 $136,125 (18.5%) $169,737 (24.5%) 0.00 43
    2021-03-01 $125,000 (9.9%) $166,895 (19.9%) 0.00 34
    2021-04-01 $135,225 (17.6%) $173,146 (15.0%) 0.00 34
    2021-05-01 $125,000 (5.1%) $173,309 (18.2%) 0.00 32
    2021-06-01 $159,925 (28.5%) $183,245 (16.9%) 0.00 35
    2021-07-01 $154,900 (25.7%) $181,706 (11.1%) 0.00 33
    2021-08-01 $149,975 (15.9%) $198,248 (16.2%) 0.00 34
    2021-09-01 $153,500 (18.1%) $204,737 (21.2%) 0.00 40
    2021-10-01 $150,000 (9.1%) $211,114 (17.3%) 0.00 38
    2021-11-01 $172,750 (16.4%) $211,293 (17.4%) 0.00 38
    2021-12-01 $153,725 (11.1%) $196,007 (22.3%) 0.00 37
    2022-01-01 $157,450 (6.4%) $197,435 (12.5%) 0.00 35
    2022-02-01 $151,200 (11.1%) $191,519 (12.8%) 0.00 32
    2022-03-01 $181,950 (45.6%) $210,027 (25.8%) 0.00 31
    2022-04-01 $177,000 (30.9%) $204,324 (18.0%) 0.00 36
    2022-05-01 $185,425 (48.3%) $200,077 (15.5%) 0.00 50
    2022-06-01 $192,725 (20.5%) $206,011 (12.4%) 0.00 66
    2022-07-01 $207,500 (34.0%) $220,632 (21.4%) 0.00 88
    2022-08-01 $207,725 (38.5%) $226,305 (14.2%) 0.00 87
    2022-09-01 $212,475 (38.4%) $226,563 (10.7%) 0.00 88
    2022-10-01 $227,370 (51.6%) $235,558 (11.6%) 0.00 101
    2022-11-01 $221,720 (28.4%) $256,154 (21.2%) 0.00 114
    2022-12-01 $237,495 (54.5%) $281,225 (43.5%) 0.00 122
    2023-01-01 $243,089 (54.4%) $290,973 (47.4%) 0.00 117
    2023-02-01 $242,169 (60.2%) $292,301 (52.6%) 0.00 113
    2023-03-01 $239,900 (31.9%) $295,365 (40.6%) 0.00 99
    2023-04-01 $229,000 (29.4%) $234,562 (14.8%) 0.00 74
    2023-05-01 $242,470 (30.8%) $278,613 (39.3%) 0.00 85
    2023-06-01 $257,748 (33.7%) $313,719 (52.3%) 0.00 97
    2023-07-01 $250,740 (20.8%) $316,925 (43.6%) 0.00 95
    2023-08-01 $247,740 (19.3%) $308,701 (36.4%) 0.00 95
    2023-09-01 $279,900 (31.7%) $320,632 (41.5%) 0.00 105
    2023-10-01 $263,700 (16.0%) $294,748 (25.1%) 0.00 93
    2023-11-01 $239,813 (8.2%) $280,370 (9.5%) 0.00 116
    2023-12-01 $236,500 (-0.4%) $272,323 (-3.2%) 0.00 115
    2024-01-01 $219,500 (-9.7%) $233,334 (-19.8%) 0.00 91
    2024-02-01 $231,175 (-4.5%) $249,436 (-14.7%) 0.00 86
    2024-03-01 $230,000 (-4.1%) $252,378 (-14.6%) 0.00 87
    Kinston's median listing price for 2024-03-01 was $230,000, a difference of $-9,900 (-4.1%) versus the prior year and $-1,175 versus the prior month.

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

    Kinston's average listing price for 2024-03-01 was $252,378, a difference of $-42,987 (-14.6%) versus the prior year and $2,942 versus the prior month.

    For the 2024-03-01 period, Kinston had 87 MLS listings, a difference of 1 listings (1%) versus the prior month and -12 listings (-12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kinston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,863 sqft
    2018-02-01 0 days 1,866 sqft
    2018-03-01 0 days 1,825 sqft
    2018-04-01 0 days 1,836 sqft
    2018-05-01 0 days 1,813 sqft
    2018-06-01 0 days 1,840 sqft
    2018-07-01 0 days 1,819 sqft
    2018-08-01 0 days 1,760 sqft
    2018-09-01 0 days 1,862 sqft
    2018-10-01 0 days 1,930 sqft
    2018-11-01 0 days 1,845 sqft
    2018-12-01 0 days 1,800 sqft
    2019-01-01 0 days 1,827 sqft
    2019-02-01 0 days 1,791 sqft
    2019-03-01 0 days 1,799 sqft
    2019-04-01 0 days 1,812 sqft
    2019-05-01 0 days 1,937 sqft
    2019-06-01 0 days 1,947 sqft
    2019-07-01 0 days 1,943 sqft
    2019-08-01 0 days 1,912 sqft
    2019-09-01 0 days 1,851 sqft
    2019-10-01 0 days 1,827 sqft
    2019-11-01 0 days 1,808 sqft
    2019-12-01 0 days 1,780 sqft
    2020-01-01 0 days 1,772 sqft
    2020-02-01 0 days 1,746 sqft
    2020-03-01 0 days 1,756 sqft
    2020-04-01 0 days 1,781 sqft
    2020-05-01 0 days 1,805 sqft
    2020-06-01 0 days 1,863 sqft
    2020-07-01 0 days 1,823 sqft
    2020-08-01 0 days 1,901 sqft
    2020-09-01 0 days 1,912 sqft
    2020-10-01 0 days 1,948 sqft
    2020-11-01 0 days 2,014 sqft
    2020-12-01 0 days 1,900 sqft
    2021-01-01 0 days 1,818 sqft
    2021-02-01 0 days 1,812 sqft
    2021-03-01 0 days 1,604 sqft
    2021-04-01 0 days 1,614 sqft
    2021-05-01 0 days 1,739 sqft
    2021-06-01 0 days 2,008 sqft
    2021-07-01 0 days 1,874 sqft
    2021-08-01 0 days 1,949 sqft
    2021-09-01 0 days 1,942 sqft
    2021-10-01 0 days 1,805 sqft
    2021-11-01 0 days 1,857 sqft
    2021-12-01 0 days 1,808 sqft
    2022-01-01 0 days 1,712 sqft
    2022-02-01 0 days 1,718 sqft
    2022-03-01 0 days 1,746 sqft
    2022-04-01 0 days 1,654 sqft
    2022-05-01 0 days 1,705 sqft
    2022-06-01 0 days 1,807 sqft
    2022-07-01 0 days 1,890 sqft
    2022-08-01 0 days 1,890 sqft
    2022-09-01 0 days 1,852 sqft
    2022-10-01 0 days 1,895 sqft
    2022-11-01 0 days 1,825 sqft
    2022-12-01 0 days 1,628 sqft
    2023-01-01 0 days 1,620 sqft
    2023-02-01 0 days 1,662 sqft
    2023-03-01 0 days 1,598 sqft
    2023-04-01 0 days 1,843 sqft
    2023-05-01 0 days 1,765 sqft
    2023-06-01 0 days 1,662 sqft
    2023-07-01 0 days 1,672 sqft
    2023-08-01 0 days 1,712 sqft
    2023-09-01 0 days 1,644 sqft
    2023-10-01 0 days 1,773 sqft
    2023-11-01 0 days 1,676 sqft
    2023-12-01 0 days 1,698 sqft
    2024-01-01 0 days 1,769 sqft
    2024-02-01 0 days 1,799 sqft
    2024-03-01 0 days 1,777 sqft
    Kinston's median listing age (time on market) for 2024-03-01 was 0 days.

    Kinston's median square footage for active listings during the 2024-03-01 period was 1,777 sqft. One year prior, the average listing was 1,598 sqft.