Lumberton USDA Loan Rates, Closing Costs & Stats

Lumberton, 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.

    Lumberton's 12 lenders originated 18 USDA loans during 2023. The total origination value was $3,040,000, with an average USDA loan value of $168,889.

    Lumberton USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lumberton averaged 6.75% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Lumberton's average USDA mortgage closing costs are $5,283.

    The average rate for the prior week (2024-04-12) was 6.7% and one month ago for the week of 2024-03-15, the average rate was 6.58%.

    The average rate one year ago was 6.32%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

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

    Lumberton 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 Lumberton level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 6.50% $5,486
    UNITED WHOLESALE MORTGAGE, LLC 2 6.74% $5,347
    Alcova Mortgage LLC 2 7.00% $7,995
    DAS Acquisition Company, LLC 1 6.13% $7,495
    EMM LOANS LLC 1 5.75% $8,685
    Mortgage Research Center, LLC 1 6.99% $1,984
    SeaTrust Mortgage Company 1 7.00% $9,103
    UNION HOME MORTGAGE CORP. 1 7.13% $6,684
    1ST SIGNATURE LENDING, LLC 1 6.25% $8,764
    Wells Fargo Bank 1 6.63% $3,083
    ACADEMY MORTGAGE CORPORATION 1 7.75% $6,956
    BROKER SOLUTIONS, INC. 1 6.63% $5,668

    The top Lumberton USDA lender as defined by loan originations is AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC, with 3 USDA loans originated. Their average total fees are $5,486, which is $139 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lumberton (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 $119,900 (9.0%) $143,934 (-1.1%) 0.00 212
    2018-02-01 $111,175 (-5.0%) $144,463 (-1.4%) 0.00 217
    2018-03-01 $114,900 (-7.2%) $147,811 (0.1%) 0.00 214
    2018-04-01 $117,450 (-6.0%) $145,620 (-5.4%) 0.00 214
    2018-05-01 $115,975 (-3.3%) $148,373 (-2.3%) 0.00 236
    2018-06-01 $118,000 (-4.1%) $148,892 (-1.8%) 0.00 249
    2018-07-01 $110,500 (-14.7%) $146,291 (-5.1%) 0.00 239
    2018-08-01 $119,900 (-4.1%) $156,741 (3.7%) 0.00 239
    2018-09-01 $115,000 (-10.0%) $155,976 (4.3%) 0.00 233
    2018-10-01 $120,100 (-7.2%) $163,259 (9.2%) 0.00 226
    2018-11-01 $123,500 (-1.1%) $161,300 (7.5%) 0.00 223
    2018-12-01 $119,900 (0.0%) $158,122 (8.1%) 0.00 218
    2019-01-01 $116,700 (-2.7%) $156,807 (8.9%) 0.00 218
    2019-02-01 $114,950 (3.4%) $151,872 (5.1%) 0.00 218
    2019-03-01 $115,300 (0.4%) $152,465 (3.2%) 0.00 214
    2019-04-01 $115,775 (-1.4%) $157,300 (8.0%) 0.00 210
    2019-05-01 $119,225 (2.8%) $161,132 (8.6%) 0.00 219
    2019-06-01 $120,000 (1.7%) $154,546 (3.8%) 0.00 218
    2019-07-01 $121,700 (10.1%) $159,710 (9.2%) 0.00 229
    2019-08-01 $125,000 (4.3%) $158,167 (0.9%) 0.00 227
    2019-09-01 $125,000 (8.7%) $155,479 (-0.3%) 0.00 221
    2019-10-01 $125,000 (4.1%) $154,853 (-5.2%) 0.00 215
    2019-11-01 $124,250 (0.6%) $155,360 (-3.7%) 0.00 195
    2019-12-01 $119,950 (0.0%) $149,810 (-5.3%) 0.00 198
    2020-01-01 $119,975 (2.8%) $150,293 (-4.2%) 0.00 184
    2020-02-01 $110,000 (-4.3%) $144,929 (-4.6%) 0.00 182
    2020-03-01 $115,450 (0.1%) $149,376 (-2.0%) 0.00 181
    2020-04-01 $120,000 (3.7%) $155,270 (-1.3%) 0.00 164
    2020-05-01 $123,250 (3.4%) $158,051 (-1.9%) 0.00 141
    2020-06-01 $115,000 (-4.2%) $168,124 (8.8%) 0.00 135
    2020-07-01 $136,700 (12.3%) $181,180 (13.4%) 0.00 131
    2020-08-01 $147,000 (17.6%) $189,516 (19.8%) 0.00 111
    2020-09-01 $148,450 (18.8%) $186,335 (19.9%) 0.00 98
    2020-10-01 $145,950 (16.8%) $182,798 (18.1%) 0.00 94
    2020-11-01 $144,450 (16.3%) $193,246 (24.4%) 0.00 83
    2020-12-01 $149,175 (24.4%) $207,447 (38.5%) 0.00 86
    2021-01-01 $166,000 (38.4%) $226,841 (50.9%) 0.00 81
    2021-02-01 $148,475 (35.0%) $209,096 (44.3%) 0.00 83
    2021-03-01 $139,750 (21.1%) $200,415 (34.2%) 0.00 70
    2021-04-01 $131,945 (10.0%) $206,103 (32.7%) 0.00 59
    2021-05-01 $163,750 (32.9%) $231,337 (46.4%) 0.00 65
    2021-06-01 $172,500 (50.0%) $232,005 (38.0%) 0.00 67
    2021-07-01 $169,900 (24.3%) $240,175 (32.6%) 0.00 68
    2021-08-01 $175,000 (19.1%) $230,936 (21.9%) 0.00 71
    2021-09-01 $170,000 (14.5%) $223,764 (20.1%) 0.00 77
    2021-10-01 $160,000 (9.6%) $202,252 (10.6%) 0.00 72
    2021-11-01 $170,000 (17.7%) $204,222 (5.7%) 0.00 70
    2021-12-01 $175,000 (17.3%) $212,266 (2.3%) 0.00 64
    2022-01-01 $175,500 (5.7%) $205,826 (-9.3%) 0.00 52
    2022-02-01 $192,750 (29.8%) $199,494 (-4.6%) 0.00 59
    2022-03-01 $180,000 (28.8%) $195,014 (-2.7%) 0.00 54
    2022-04-01 $207,500 (57.3%) $223,519 (8.5%) 0.00 51
    2022-05-01 $218,000 (33.1%) $231,541 (0.1%) 0.00 60
    2022-06-01 $193,950 (12.4%) $223,129 (-3.8%) 0.00 80
    2022-07-01 $222,500 (31.0%) $237,677 (-1.0%) 0.00 95
    2022-08-01 $218,700 (25.0%) $232,681 (0.8%) 0.00 99
    2022-09-01 $220,000 (29.4%) $234,820 (4.9%) 0.00 107
    2022-10-01 $220,000 (37.5%) $239,104 (18.2%) 0.00 113
    2022-11-01 $244,750 (44.0%) $238,994 (17.0%) 0.00 121
    2022-12-01 $249,990 (42.9%) $259,635 (22.3%) 0.00 129
    2023-01-01 $252,490 (43.9%) $267,448 (29.9%) 0.00 118
    2023-02-01 $264,463 (37.2%) $282,308 (41.5%) 0.00 100
    2023-03-01 $257,950 (43.3%) $295,012 (51.3%) 0.00 78
    2023-04-01 $261,900 (26.2%) $283,544 (26.9%) 0.00 87
    2023-05-01 $259,925 (19.2%) $289,362 (25.0%) 0.00 89
    2023-06-01 $251,225 (29.5%) $278,496 (24.8%) 0.00 100
    2023-07-01 $254,900 (14.6%) $281,006 (18.2%) 0.00 109
    2023-08-01 $259,100 (18.5%) $275,639 (18.5%) 0.00 128
    2023-09-01 $259,900 (18.1%) $272,417 (16.0%) 0.00 116
    2023-10-01 $263,450 (19.8%) $287,807 (20.4%) 0.00 110
    2023-11-01 $263,025 (7.5%) $274,775 (15.0%) 0.00 128
    2023-12-01 $262,000 (4.8%) $296,069 (14.0%) 0.00 138
    2024-01-01 $250,825 (-0.7%) $292,101 (9.2%) 0.00 129
    2024-02-01 $247,450 (-6.4%) $285,379 (1.1%) 0.00 141
    2024-03-01 $249,450 (-3.3%) $284,769 (-3.5%) 0.00 147
    Lumberton's median listing price for 2024-03-01 was $249,450, a difference of $-8,500 (-3.3%) versus the prior year and $2,000 versus the prior month.

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

    Lumberton's average listing price for 2024-03-01 was $284,769, a difference of $-10,243 (-3.5%) versus the prior year and $-610 versus the prior month.

    For the 2024-03-01 period, Lumberton had 147 MLS listings, a difference of 6 listings (4%) versus the prior month and 69 listings (88%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lumberton (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,833 sqft
    2018-02-01 0 days 1,750 sqft
    2018-03-01 0 days 1,750 sqft
    2018-04-01 0 days 1,790 sqft
    2018-05-01 0 days 1,779 sqft
    2018-06-01 0 days 1,750 sqft
    2018-07-01 0 days 1,650 sqft
    2018-08-01 0 days 1,750 sqft
    2018-09-01 0 days 1,650 sqft
    2018-10-01 0 days 1,750 sqft
    2018-11-01 0 days 1,750 sqft
    2018-12-01 0 days 1,750 sqft
    2019-01-01 0 days 1,650 sqft
    2019-02-01 0 days 1,684 sqft
    2019-03-01 0 days 1,743 sqft
    2019-04-01 0 days 1,800 sqft
    2019-05-01 0 days 1,787 sqft
    2019-06-01 0 days 1,750 sqft
    2019-07-01 0 days 1,750 sqft
    2019-08-01 0 days 1,750 sqft
    2019-09-01 0 days 1,750 sqft
    2019-10-01 0 days 1,750 sqft
    2019-11-01 0 days 1,750 sqft
    2019-12-01 0 days 1,710 sqft
    2020-01-01 0 days 1,650 sqft
    2020-02-01 0 days 1,550 sqft
    2020-03-01 0 days 1,550 sqft
    2020-04-01 0 days 1,600 sqft
    2020-05-01 0 days 1,550 sqft
    2020-06-01 0 days 1,550 sqft
    2020-07-01 0 days 1,660 sqft
    2020-08-01 0 days 1,750 sqft
    2020-09-01 0 days 1,808 sqft
    2020-10-01 0 days 1,750 sqft
    2020-11-01 0 days 1,750 sqft
    2020-12-01 0 days 1,802 sqft
    2021-01-01 0 days 1,850 sqft
    2021-02-01 0 days 1,697 sqft
    2021-03-01 0 days 1,840 sqft
    2021-04-01 0 days 1,750 sqft
    2021-05-01 0 days 1,850 sqft
    2021-06-01 0 days 1,850 sqft
    2021-07-01 0 days 1,850 sqft
    2021-08-01 0 days 1,950 sqft
    2021-09-01 0 days 1,850 sqft
    2021-10-01 0 days 1,829 sqft
    2021-11-01 0 days 1,700 sqft
    2021-12-01 0 days 1,850 sqft
    2022-01-01 0 days 1,850 sqft
    2022-02-01 0 days 1,850 sqft
    2022-03-01 0 days 1,900 sqft
    2022-04-01 0 days 1,935 sqft
    2022-05-01 0 days 1,937 sqft
    2022-06-01 0 days 1,850 sqft
    2022-07-01 0 days 1,873 sqft
    2022-08-01 0 days 1,850 sqft
    2022-09-01 0 days 1,850 sqft
    2022-10-01 0 days 1,850 sqft
    2022-11-01 0 days 1,850 sqft
    2022-12-01 0 days 1,850 sqft
    2023-01-01 0 days 1,850 sqft
    2023-02-01 0 days 1,850 sqft
    2023-03-01 0 days 1,832 sqft
    2023-04-01 0 days 1,850 sqft
    2023-05-01 0 days 1,850 sqft
    2023-06-01 0 days 1,873 sqft
    2023-07-01 0 days 1,837 sqft
    2023-08-01 0 days 1,789 sqft
    2023-09-01 0 days 1,779 sqft
    2023-10-01 0 days 1,788 sqft
    2023-11-01 0 days 1,786 sqft
    2023-12-01 0 days 1,794 sqft
    2024-01-01 0 days 1,780 sqft
    2024-02-01 0 days 1,780 sqft
    2024-03-01 0 days 1,770 sqft
    Lumberton's median listing age (time on market) for 2024-03-01 was 0 days.

    Lumberton's median square footage for active listings during the 2024-03-01 period was 1,770 sqft. One year prior, the average listing was 1,832 sqft.