Lynchburg USDA Loan Rates, Closing Costs & Stats

LYNCHBURG, VA

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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.

    Lynchburg's 33 lenders originated 106 USDA loans during 2023. The total origination value was $21,510,000, with an average USDA loan value of $202,925.

    Lynchburg USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lynchburg averaged 6.55% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Lynchburg's average USDA mortgage closing costs are $5,236.

    The average rate for the prior week (2025-02-07) was 6.61% and one month ago for the week of 2025-01-10, the average rate was 6.46%.

    The average rate one year ago was 6.75%.

    For refis of the same type during the week of 2025-02-14, the average rate was 7.4%.

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

    Lynchburg 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 Lynchburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 15 6.84% $7,693
    Alcova Mortgage LLC 10 7.07% $3,205
    EMBRACE HOME LOANS, INC. 8 6.45% $8,963
    NATION ONE MORTGAGE CORPORATION 8 6.61% $9,159
    MOVEMENT MORTGAGE, LLC 7 6.38% $6,979
    Renasant Bank 7 6.29% $5,368
    UNION HOME MORTGAGE CORP. 5 6.33% $9,627
    NEWREZ LLC 5 6.15% $7,297
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.38% $3,574
    Flagstar Bank, FSB 3 6.50% $8,276
    CARDINAL FINANCIAL 3 6.13% $5,396
    Atlantic Coast Mortgage, LLC 2 6.13% $7,690
    American National Bank and Trust Company 2 6.81% $4,423
    Blue Ridge Bank 2 6.44% $4,869
    THRIVE MORTGAGE, LLC 2 6.75% $8,524
    American Mortgage & Equity Consultants, Inc. 2 7.00% $5,173
    UNITED WHOLESALE MORTGAGE, LLC 2 5.88% $5,349
    Integrity Home Mortgage Corp 2 6.50% $8,660
    CALIBER HOME LOANS, INC. 2 6.75% $10,444
    NFM, INC. 1 5.13% $6,271
    Paramount Residential Mortgage Group, Inc. 1 6.75% $5,680
    Plains Commerce Bank 1 5.63% $12,099
    SWBC MORTGAGE CORPORATION 1 6.25% $6,831
    VILLAGE BANK MORTGAGE CORPORATION 1 6.25% $3,303
    DHI MORTGAGE COMPANY, LTD. 1 6.50% $5,906
    Virginia Credit Union, Inc. 1 6.25% $3,528
    Century Mortgage Company DBA Century Lending Company 1 6.63% $5,062
    EMM LOANS LLC 1 6.13% $10,187
    First Reliance Bank 1 7.13% $5,305
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.38% $3,732
    GUILD MORTGAGE COMPANY 1 7.13% $5,008
    Atlantic Union Bank 1 7.13% $5,510
    Assurance Financial Group, L.L.C. 1 5.63% $8,909

    The top Lynchburg USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 15 USDA loans originated. Their average total fees are $7,693, which is $4,488 higher than the next largest lender, Alcova Mortgage LLC.

    The lowest fee Lynchburg USDA lenders (with over 10 loans originated) are Alcova Mortgage LLC ($3,205), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($7,693), .

    The lowest rate Lynchburg USDA lenders (with over 10 loans originated) are ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.84%), Alcova Mortgage LLC (7.07%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lynchburg (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 $219,900 (15.8%) $284,916 (10.3%) 0.82 995
    2018-02-01 $220,950 (13.4%) $282,978 (7.2%) 0.81 989
    2018-03-01 $229,900 (15.0%) $289,858 (6.3%) 0.81 1,063
    2018-04-01 $232,700 (16.4%) $293,374 (8.3%) 0.79 1,118
    2018-05-01 $138,700 (-33.9%) $214,185 (-22.6%) 0.46 2,079
    2018-06-01 $139,900 (-33.2%) $216,188 (-21.3%) 0.47 2,164
    2018-07-01 $139,475 (-32.0%) $214,256 (-22.5%) 0.47 2,199
    2018-08-01 $136,600 (-34.9%) $211,188 (-24.5%) 0.46 2,190
    2018-09-01 $134,975 (-40.0%) $208,594 (-27.8%) 0.45 2,242
    2018-10-01 $132,375 (-39.8%) $205,353 (-28.7%) 0.45 2,219
    2018-11-01 $127,500 (-42.0%) $200,669 (-29.4%) 0.43 2,182
    2018-12-01 $119,950 (-45.5%) $194,361 (-31.1%) 0.41 2,078
    2019-01-01 $119,900 (-45.5%) $192,948 (-32.3%) 0.41 1,898
    2019-02-01 $115,225 (-47.9%) $191,941 (-32.2%) 0.39 1,859
    2019-03-01 $168,386 (-26.8%) $236,713 (-18.3%) 0.55 1,470
    2019-04-01 $239,913 (3.1%) $296,853 (1.2%) 0.76 979
    2019-05-01 $241,475 (74.1%) $302,782 (41.4%) 0.75 991
    2019-06-01 $239,900 (71.5%) $306,485 (41.8%) 0.75 989
    2019-07-01 $241,200 (72.9%) $310,959 (45.1%) 0.76 996
    2019-08-01 $241,973 (77.1%) $319,339 (51.2%) 0.77 1,006
    2019-09-01 $246,432 (82.6%) $333,173 (59.7%) 0.79 1,017
    2019-10-01 $244,405 (84.6%) $337,297 (64.3%) 0.79 1,025
    2019-11-01 $235,000 (84.3%) $334,485 (66.7%) 0.77 989
    2019-12-01 $231,500 (93.0%) $302,713 (55.8%) 0.77 903
    2020-01-01 $238,900 (99.3%) $305,223 (58.2%) 0.80 819
    2020-02-01 $249,500 (116.5%) $312,731 (62.9%) 0.82 771
    2020-03-01 $252,450 (49.9%) $321,660 (35.9%) 0.79 764
    2020-04-01 $253,925 (5.8%) $326,605 (10.0%) 0.79 782
    2020-05-01 $255,000 (5.6%) $337,205 (11.4%) 0.78 684
    2020-06-01 $266,150 (10.9%) $350,866 (14.5%) 0.78 621
    2020-07-01 $261,950 (8.6%) $404,291 (30.0%) 0.76 579
    2020-08-01 $259,900 (7.4%) $407,743 (27.7%) 0.74 553
    2020-09-01 $259,000 (5.1%) $400,536 (20.2%) 0.74 551
    2020-10-01 $249,450 (2.1%) $406,541 (20.5%) 0.71 557
    2020-11-01 $249,900 (6.3%) $409,298 (22.4%) 0.73 544
    2020-12-01 $244,900 (5.8%) $421,923 (39.4%) 0.73 493
    2021-01-01 $249,900 (4.6%) $438,230 (43.6%) 0.75 412
    2021-02-01 $253,450 (1.6%) $475,270 (52.0%) 0.75 338
    2021-03-01 $257,400 (2.0%) $472,960 (47.0%) 0.73 352
    2021-04-01 $277,325 (9.2%) $507,128 (55.3%) 0.75 332
    2021-05-01 $274,950 (7.8%) $464,859 (37.9%) 0.73 343
    2021-06-01 $287,400 (8.0%) $468,050 (33.4%) 0.76 366
    2021-07-01 $279,900 (6.9%) $445,862 (10.3%) 0.74 434
    2021-08-01 $277,675 (6.8%) $439,546 (7.8%) 0.74 448
    2021-09-01 $290,550 (12.2%) $450,514 (12.5%) 0.77 457
    2021-10-01 $289,900 (16.2%) $447,457 (10.1%) 0.77 445
    2021-11-01 $295,350 (18.2%) $454,990 (11.2%) 0.79 392
    2021-12-01 $289,900 (18.4%) $402,412 (-4.6%) 0.79 338
    2022-01-01 $284,900 (14.0%) $355,839 (-18.8%) 0.77 279
    2022-02-01 $297,000 (17.2%) $363,157 (-23.6%) 0.77 266
    2022-03-01 $322,425 (25.3%) $387,139 (-18.2%) 0.81 263
    2022-04-01 $324,738 (17.1%) $386,522 (-23.8%) 0.77 263
    2022-05-01 $327,450 (19.1%) $394,700 (-15.1%) 0.75 327
    2022-06-01 $334,450 (16.4%) $395,994 (-15.4%) 0.75 392
    2022-07-01 $329,900 (17.9%) $411,383 (-7.7%) 0.74 460
    2022-08-01 $334,450 (20.5%) $412,731 (-6.1%) 0.77 457
    2022-09-01 $317,450 (9.3%) $401,510 (-10.9%) 0.74 435
    2022-10-01 $329,900 (13.8%) $409,964 (-8.4%) 0.78 428
    2022-11-01 $336,975 (14.1%) $418,336 (-8.1%) 0.81 435
    2022-12-01 $329,000 (13.5%) $401,317 (-0.3%) 0.81 396
    2023-01-01 $323,000 (13.4%) $398,899 (12.1%) 0.80 369
    2023-02-01 $329,913 (11.1%) $406,774 (12.0%) 0.80 334
    2023-03-01 $339,450 (5.3%) $418,526 (8.1%) 0.80 348
    2023-04-01 $334,900 (3.1%) $420,821 (8.9%) 0.78 379
    2023-05-01 $327,975 (0.2%) $431,038 (9.2%) 0.75 402
    2023-06-01 $348,650 (4.3%) $457,245 (15.5%) 0.78 420
    2023-07-01 $347,400 (5.3%) $456,276 (10.9%) 0.79 451
    2023-08-01 $346,600 (3.6%) $461,652 (11.9%) 0.80 516
    2023-09-01 $329,950 (3.9%) $443,339 (10.4%) 0.77 507
    2023-10-01 $339,450 (2.9%) $434,712 (6.0%) 0.80 552
    2023-11-01 $343,700 (2.0%) $441,556 (5.6%) 0.83 569
    2023-12-01 $339,900 (3.3%) $439,543 (9.5%) 0.83 537
    2024-01-01 $339,950 (5.3%) $441,851 (10.8%) 0.83 512
    2024-02-01 $332,225 (0.7%) $429,507 (5.6%) 0.81 513
    2024-03-01 $337,380 (-0.6%) $439,102 (4.9%) 0.79 518
    2024-04-01 $344,900 (3.0%) $436,852 (3.8%) 0.80 537
    2024-05-01 $352,425 (7.5%) $443,950 (3.0%) 0.80 622
    2024-06-01 $349,900 (0.4%) $438,249 (-4.2%) 0.79 686
    2024-07-01 $349,900 (0.7%) $434,576 (-4.8%) 0.80 708
    2024-08-01 $349,900 (1.0%) $430,463 (-6.8%) 0.81 694
    2024-09-01 $349,800 (6.0%) $428,204 (-3.4%) 0.82 716
    2024-10-01 $345,200 (1.7%) $435,690 (0.2%) 0.81 691
    2024-11-01 $334,925 (-2.6%) $426,642 (-3.4%) 0.80 707
    2024-12-01 $334,900 (-1.5%) $424,652 (-3.4%) 0.83 668
    2025-01-01 $327,445 (-3.7%) $418,749 (-5.2%) 0.00 613
    Lynchburg's median listing price for 2025-01-01 was $327,445, a difference of $-12,505 (-3.7%) versus the prior year and $-7,455 versus the prior month.

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

    Lynchburg's average listing price for 2025-01-01 was $418,749, a difference of $-23,102 (-5.2%) versus the prior year and $-5,903 versus the prior month.

    For the 2025-01-01 period, Lynchburg had 613 MLS listings, a difference of -55 listings (-8%) versus the prior month and 101 listings (20%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lynchburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 93 days 1,974 sqft
    2018-02-01 86 days 1,978 sqft
    2018-03-01 64 days 1,995 sqft
    2018-04-01 56 days 2,024 sqft
    2018-05-01 78 days 2,050 sqft
    2018-06-01 82 days 2,084 sqft
    2018-07-01 86 days 2,052 sqft
    2018-08-01 86 days 2,018 sqft
    2018-09-01 88 days 2,005 sqft
    2018-10-01 89 days 1,990 sqft
    2018-11-01 94 days 1,951 sqft
    2018-12-01 110 days 1,930 sqft
    2019-01-01 115 days 1,955 sqft
    2019-02-01 116 days 1,956 sqft
    2019-03-01 90 days 1,996 sqft
    2019-04-01 55 days 2,015 sqft
    2019-05-01 55 days 2,002 sqft
    2019-06-01 57 days 2,071 sqft
    2019-07-01 62 days 2,109 sqft
    2019-08-01 64 days 2,081 sqft
    2019-09-01 66 days 2,052 sqft
    2019-10-01 67 days 2,022 sqft
    2019-11-01 74 days 1,985 sqft
    2019-12-01 82 days 1,957 sqft
    2020-01-01 88 days 1,960 sqft
    2020-02-01 75 days 1,974 sqft
    2020-03-01 57 days 1,986 sqft
    2020-04-01 59 days 1,992 sqft
    2020-05-01 66 days 2,010 sqft
    2020-06-01 64 days 2,102 sqft
    2020-07-01 58 days 2,095 sqft
    2020-08-01 52 days 2,088 sqft
    2020-09-01 53 days 2,035 sqft
    2020-10-01 51 days 1,890 sqft
    2020-11-01 60 days 1,907 sqft
    2020-12-01 65 days 1,861 sqft
    2021-01-01 72 days 1,844 sqft
    2021-02-01 69 days 1,848 sqft
    2021-03-01 47 days 1,839 sqft
    2021-04-01 43 days 1,885 sqft
    2021-05-01 43 days 1,872 sqft
    2021-06-01 41 days 1,883 sqft
    2021-07-01 38 days 1,880 sqft
    2021-08-01 42 days 1,932 sqft
    2021-09-01 42 days 1,896 sqft
    2021-10-01 46 days 1,875 sqft
    2021-11-01 51 days 1,873 sqft
    2021-12-01 58 days 1,793 sqft
    2022-01-01 61 days 1,747 sqft
    2022-02-01 46 days 1,752 sqft
    2022-03-01 36 days 1,862 sqft
    2022-04-01 37 days 1,870 sqft
    2022-05-01 33 days 1,902 sqft
    2022-06-01 33 days 1,952 sqft
    2022-07-01 39 days 1,952 sqft
    2022-08-01 49 days 1,941 sqft
    2022-09-01 51 days 1,852 sqft
    2022-10-01 51 days 1,817 sqft
    2022-11-01 51 days 1,872 sqft
    2022-12-01 61 days 1,800 sqft
    2023-01-01 61 days 1,792 sqft
    2023-02-01 44 days 1,733 sqft
    2023-03-01 44 days 1,817 sqft
    2023-04-01 38 days 1,800 sqft
    2023-05-01 40 days 1,763 sqft
    2023-06-01 47 days 1,895 sqft
    2023-07-01 42 days 1,840 sqft
    2023-08-01 41 days 1,871 sqft
    2023-09-01 50 days 1,898 sqft
    2023-10-01 46 days 1,877 sqft
    2023-11-01 52 days 1,855 sqft
    2023-12-01 60 days 1,870 sqft
    2024-01-01 59 days 1,826 sqft
    2024-02-01 50 days 1,774 sqft
    2024-03-01 51 days 1,784 sqft
    2024-04-01 47 days 1,786 sqft
    2024-05-01 37 days 1,844 sqft
    2024-06-01 40 days 1,829 sqft
    2024-07-01 50 days 1,842 sqft
    2024-08-01 52 days 1,818 sqft
    2024-09-01 52 days 1,798 sqft
    2024-10-01 54 days 1,788 sqft
    2024-11-01 55 days 1,721 sqft
    2024-12-01 58 days 1,686 sqft
    2025-01-01 0 days 1,649 sqft
    Lynchburg's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Lynchburg's median square footage for active listings during the 2025-01-01 period was 1,649 sqft. One year prior, the average listing was 1,826 sqft.