Lynchburg USDA Loan Rates, Closing Costs & Stats

LYNCHBURG, VA

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 26 lenders originated 80 USDA loans during 2024. The total origination value was $17,680,000, with an average USDA loan value of $221,000.

Lynchburg USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Lynchburg averaged 6.82% for the week of 2025-05-09, compared to the national average (all USDA variants) of 6.468% for the same period.

Lynchburg's average USDA mortgage closing costs are $5,323.

The average rate for the prior week (2025-05-02) was 6.75% and one month ago for the week of 2025-04-04, the average rate was 6.36%.

The average rate one year ago was 7.02%.

For refis of the same type during the week of 2025-05-09, the average rate was 6.78%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 10 6.41% $8,363
NATION ONE MORTGAGE CORPORATION 8 6.64% $7,364
EMBRACE HOME LOANS, INC. 6 6.08% $7,360
Century Mortgage Company DBA Century Lending Company 5 5.78% $9,450
NEWREZ LLC 5 6.28% $9,577
UNION HOME MORTGAGE CORP. 5 5.60% $11,668
Alcova Mortgage LLC 5 7.08% $3,845
Renasant Bank 4 6.66% $5,676
Integrity Home Mortgage Corp 3 6.54% $7,082
Flagstar Bank, FSB 3 6.54% $7,533
HOMESIDE FINANCIAL, LLC 3 6.58% $6,847
FREEDOM FIRST 2 6.19% $5,052
UNITED WHOLESALE MORTGAGE, LLC 2 6.19% $7,380
MOVEMENT MORTGAGE, LLC 2 6.38% $7,957
CARDINAL FINANCIAL 2 6.69% $7,341
Atlantic Union Bank 2 6.13% $6,285
SWBC MORTGAGE CORPORATION 2 6.88% $3,869
FIRST COMMUNITY MORTGAGE, INC. 2 6.37% $6,784
Atlantic Coast Mortgage, LLC 1 6.25% $6,173
NFM, INC. 1 6.63% $11,018
PLAZA HOME MORTGAGE, INC. 1 5.63% $6,447
FIRST COLONY MORTGAGE CORPORATION 1 6.25% $6,499
Keystone Funding, Inc. 1 5.75% $8,353
Mortgage Research Center, LLC 1 7.13% $1,830
Truist 1 6.25% $5,458
EMM LOANS LLC 1 7.00% $6,332

The top Lynchburg USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 10 USDA loans originated. Their average total fees are $8,363, which is $999 higher than the next largest lender, NATION ONE MORTGAGE CORPORATION.

The lowest fee Lynchburg USDA lenders (with over 10 loans originated) are ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($8,363), .

The lowest rate Lynchburg USDA lenders (with over 10 loans originated) are ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.41%), .