Laurinburg USDA Loan Rates, Closing Costs & Stats

Laurinburg, 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.

    Laurinburg's 5 lenders originated 7 USDA loans during 2023. The total origination value was $995,000, with an average USDA loan value of $142,143.

    Laurinburg USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Laurinburg averaged 6.9% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Laurinburg's average USDA mortgage closing costs are $4,897.

    The average rate for the prior week (2024-04-12) was 6.95% and one month ago for the week of 2024-03-15, the average rate was 6.63%.

    The average rate one year ago was 6.37%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    Laurinburg 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 Laurinburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNION HOME MORTGAGE CORP. 2 7.13% $8,490
    BROKER SOLUTIONS, INC. 1 6.00% $3,752
    CARDINAL FINANCIAL 1 5.50% $9,674
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.25% $5,190
    ROYAL UNITED MORTGAGE LLC 1 7.25% $4,987

    The top Laurinburg USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 2 USDA loans originated. Their average total fees are $8,490, which is $4,738 higher than the next largest lender, BROKER SOLUTIONS, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Laurinburg (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 $129,925 (16.0%) $160,767 (16.1%) 0.00 133
    2018-02-01 $128,575 (14.9%) $158,434 (15.2%) 0.00 129
    2018-03-01 $129,900 (14.2%) $156,404 (13.1%) 0.00 132
    2018-04-01 $129,900 (9.2%) $155,699 (8.0%) 0.00 138
    2018-05-01 $129,900 (6.0%) $159,912 (4.8%) 0.00 146
    2018-06-01 $128,450 (8.0%) $152,874 (1.6%) 0.00 154
    2018-07-01 $124,975 (-3.8%) $149,536 (-4.0%) 0.00 152
    2018-08-01 $121,175 (-7.7%) $145,176 (-8.9%) 0.00 154
    2018-09-01 $121,000 (-9.3%) $145,325 (-9.0%) 0.00 142
    2018-10-01 $114,975 (-16.5%) $140,482 (-15.2%) 0.00 127
    2018-11-01 $113,385 (-12.7%) $145,790 (-8.0%) 0.00 115
    2018-12-01 $113,250 (-9.4%) $148,847 (-3.4%) 0.00 107
    2019-01-01 $114,700 (-11.7%) $147,281 (-8.4%) 0.00 97
    2019-02-01 $117,350 (-8.7%) $148,135 (-6.5%) 0.00 101
    2019-03-01 $121,929 (-6.1%) $151,806 (-2.9%) 0.00 96
    2019-04-01 $124,529 (-4.1%) $154,048 (-1.1%) 0.00 97
    2019-05-01 $121,300 (-6.6%) $148,475 (-7.2%) 0.00 96
    2019-06-01 $125,000 (-2.7%) $159,083 (4.1%) 0.00 87
    2019-07-01 $134,875 (7.9%) $172,762 (15.5%) 0.00 80
    2019-08-01 $134,523 (11.0%) $168,370 (16.0%) 0.00 85
    2019-09-01 $133,807 (10.6%) $169,151 (16.4%) 0.00 92
    2019-10-01 $133,330 (16.0%) $169,671 (20.8%) 0.00 98
    2019-11-01 $130,000 (14.7%) $161,254 (10.6%) 0.00 90
    2019-12-01 $128,375 (13.4%) $148,139 (-0.5%) 0.00 82
    2020-01-01 $132,000 (15.1%) $148,755 (1.0%) 0.00 74
    2020-02-01 $129,900 (10.7%) $144,333 (-2.6%) 0.00 72
    2020-03-01 $111,000 (-9.0%) $139,093 (-8.4%) 0.00 68
    2020-04-01 $108,000 (-13.3%) $138,838 (-9.9%) 0.00 70
    2020-05-01 $111,500 (-8.1%) $137,785 (-7.2%) 0.00 59
    2020-06-01 $119,425 (-4.5%) $150,281 (-5.5%) 0.00 55
    2020-07-01 $139,925 (3.7%) $163,824 (-5.2%) 0.00 38
    2020-08-01 $149,900 (11.4%) $177,011 (5.1%) 0.00 39
    2020-09-01 $159,925 (19.5%) $191,717 (13.3%) 0.00 37
    2020-10-01 $192,400 (44.3%) $197,924 (16.7%) 0.00 37
    2020-11-01 $185,825 (42.9%) $194,140 (20.4%) 0.00 34
    2020-12-01 $173,650 (35.3%) $188,600 (27.3%) 0.00 40
    2021-01-01 $178,500 (35.2%) $194,124 (30.5%) 0.00 28
    2021-02-01 $132,425 (1.9%) $167,955 (16.4%) 0.00 18
    2021-03-01 $163,200 (47.0%) $188,149 (35.3%) 0.00 18
    2021-04-01 $184,450 (70.8%) $213,383 (53.7%) 0.00 21
    2021-05-01 $199,900 (79.3%) $232,284 (68.6%) 0.00 19
    2021-06-01 $184,250 (54.3%) $243,944 (62.3%) 0.00 20
    2021-07-01 $190,000 (35.8%) $216,342 (32.1%) 0.00 26
    2021-08-01 $189,600 (26.5%) $217,613 (22.9%) 0.00 40
    2021-09-01 $149,950 (-6.2%) $197,249 (2.9%) 0.00 38
    2021-10-01 $180,000 (-6.4%) $207,793 (5.0%) 0.00 36
    2021-11-01 $237,450 (27.8%) $235,379 (21.2%) 0.00 36
    2021-12-01 $219,975 (26.7%) $236,609 (25.5%) 0.00 29
    2022-01-01 $185,950 (4.2%) $235,445 (21.3%) 0.00 30
    2022-02-01 $160,100 (20.9%) $223,093 (32.8%) 0.00 25
    2022-03-01 $167,225 (2.5%) $239,130 (27.1%) 0.00 21
    2022-04-01 $145,700 (-21.0%) $229,580 (7.6%) 0.00 25
    2022-05-01 $203,000 (1.6%) $250,777 (8.0%) 0.00 34
    2022-06-01 $172,350 (-6.5%) $249,441 (2.3%) 0.00 35
    2022-07-01 $199,750 (5.1%) $234,825 (8.5%) 0.00 47
    2022-08-01 $198,950 (4.9%) $230,517 (5.9%) 0.00 42
    2022-09-01 $202,425 (35.0%) $228,272 (15.7%) 0.00 46
    2022-10-01 $194,950 (8.3%) $227,438 (9.5%) 0.00 44
    2022-11-01 $208,625 (-12.1%) $225,115 (-4.4%) 0.00 45
    2022-12-01 $229,900 (4.5%) $262,165 (10.8%) 0.00 43
    2023-01-01 $229,900 (23.6%) $254,752 (8.2%) 0.00 40
    2023-02-01 $221,125 (38.1%) $252,818 (13.3%) 0.00 38
    2023-03-01 $204,475 (22.3%) $249,700 (4.4%) 0.00 37
    2023-04-01 $209,450 (43.8%) $266,576 (16.1%) 0.00 30
    2023-05-01 $203,750 (0.4%) $250,279 (-0.2%) 0.00 30
    2023-06-01 $208,750 (21.1%) $244,620 (-1.9%) 0.00 32
    2023-07-01 $195,000 (-2.4%) $227,329 (-3.2%) 0.00 27
    2023-08-01 $202,475 (1.8%) $239,865 (4.1%) 0.00 31
    2023-09-01 $172,900 (-14.6%) $221,670 (-2.9%) 0.00 36
    2023-10-01 $189,950 (-2.6%) $249,984 (9.9%) 0.00 34
    2023-11-01 $188,725 (-9.5%) $255,812 (13.6%) 0.00 39
    2023-12-01 $179,000 (-22.1%) $267,229 (1.9%) 0.00 37
    2024-01-01 $177,925 (-22.6%) $258,806 (1.6%) 0.00 36
    2024-02-01 $201,425 (-8.9%) $273,551 (8.2%) 0.00 37
    2024-03-01 $214,950 (5.1%) $284,790 (14.1%) 0.00 35
    Laurinburg's median listing price for 2024-03-01 was $214,950, a difference of $10,475 (5.1%) versus the prior year and $13,525 versus the prior month.

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

    Laurinburg's average listing price for 2024-03-01 was $284,790, a difference of $35,090 (14.1%) versus the prior year and $11,239 versus the prior month.

    For the 2024-03-01 period, Laurinburg had 35 MLS listings, a difference of -2 listings (-5%) versus the prior month and -2 listings (-5%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Laurinburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,100 sqft
    2018-02-01 0 days 2,031 sqft
    2018-03-01 0 days 2,011 sqft
    2018-04-01 0 days 2,013 sqft
    2018-05-01 0 days 2,092 sqft
    2018-06-01 0 days 1,956 sqft
    2018-07-01 0 days 1,888 sqft
    2018-08-01 0 days 1,961 sqft
    2018-09-01 0 days 1,974 sqft
    2018-10-01 0 days 1,883 sqft
    2018-11-01 0 days 1,870 sqft
    2018-12-01 0 days 1,930 sqft
    2019-01-01 0 days 1,870 sqft
    2019-02-01 0 days 1,876 sqft
    2019-03-01 0 days 1,922 sqft
    2019-04-01 0 days 1,946 sqft
    2019-05-01 0 days 1,946 sqft
    2019-06-01 0 days 1,936 sqft
    2019-07-01 0 days 1,963 sqft
    2019-08-01 0 days 1,937 sqft
    2019-09-01 0 days 1,917 sqft
    2019-10-01 0 days 1,904 sqft
    2019-11-01 0 days 1,912 sqft
    2019-12-01 0 days 1,859 sqft
    2020-01-01 0 days 1,854 sqft
    2020-02-01 0 days 1,842 sqft
    2020-03-01 0 days 1,813 sqft
    2020-04-01 0 days 1,738 sqft
    2020-05-01 0 days 1,670 sqft
    2020-06-01 0 days 1,691 sqft
    2020-07-01 0 days 1,870 sqft
    2020-08-01 0 days 1,851 sqft
    2020-09-01 0 days 2,037 sqft
    2020-10-01 0 days 2,076 sqft
    2020-11-01 0 days 2,100 sqft
    2020-12-01 0 days 2,114 sqft
    2021-01-01 0 days 2,237 sqft
    2021-02-01 0 days 2,224 sqft
    2021-03-01 0 days 2,116 sqft
    2021-04-01 0 days 2,435 sqft
    2021-05-01 0 days 2,336 sqft
    2021-06-01 0 days 2,174 sqft
    2021-07-01 0 days 2,141 sqft
    2021-08-01 0 days 2,039 sqft
    2021-09-01 0 days 1,925 sqft
    2021-10-01 0 days 2,100 sqft
    2021-11-01 0 days 2,100 sqft
    2021-12-01 0 days 1,925 sqft
    2022-01-01 0 days 2,027 sqft
    2022-02-01 0 days 2,003 sqft
    2022-03-01 0 days 1,951 sqft
    2022-04-01 0 days 2,078 sqft
    2022-05-01 0 days 2,113 sqft
    2022-06-01 0 days 1,960 sqft
    2022-07-01 0 days 1,950 sqft
    2022-08-01 0 days 1,943 sqft
    2022-09-01 0 days 1,950 sqft
    2022-10-01 0 days 1,950 sqft
    2022-11-01 0 days 1,950 sqft
    2022-12-01 0 days 2,088 sqft
    2023-01-01 0 days 2,060 sqft
    2023-02-01 0 days 2,055 sqft
    2023-03-01 0 days 2,029 sqft
    2023-04-01 0 days 2,039 sqft
    2023-05-01 0 days 2,044 sqft
    2023-06-01 0 days 2,054 sqft
    2023-07-01 0 days 1,988 sqft
    2023-08-01 0 days 1,886 sqft
    2023-09-01 0 days 1,813 sqft
    2023-10-01 0 days 1,983 sqft
    2023-11-01 0 days 1,820 sqft
    2023-12-01 0 days 1,828 sqft
    2024-01-01 0 days 1,845 sqft
    2024-02-01 0 days 1,963 sqft
    2024-03-01 0 days 1,993 sqft
    Laurinburg's median listing age (time on market) for 2024-03-01 was 0 days.

    Laurinburg's median square footage for active listings during the 2024-03-01 period was 1,993 sqft. One year prior, the average listing was 2,029 sqft.