Marion USDA Loan Rates, Closing Costs & Stats

Marion, 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.

    Marion's 2 lenders originated 7 USDA loans during 2023. The total origination value was $1,265,000, with an average USDA loan value of $180,714.

    Marion USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Marion averaged 6.5% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Marion's average USDA mortgage closing costs are $5,451.

    The average rate for the prior week (2025-02-07) was 6.16% and one month ago for the week of 2025-01-10, the average rate was 6.6%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.33%.

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

    Marion 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 Marion level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 6 6.79% $7,656
    EVERETT FINANCIAL, INC. 1 6.13% $2,984

    The top Marion USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 6 USDA loans originated. Their average total fees are $7,656, which is $4,672 higher than the next largest lender, EVERETT FINANCIAL, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Marion (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 $259,000 (12.0%) $332,128 (10.2%) 0.00 196
    2018-02-01 $259,000 (12.7%) $328,382 (12.4%) 0.00 194
    2018-03-01 $249,950 (5.5%) $331,507 (6.8%) 0.00 184
    2018-04-01 $249,000 (-3.9%) $337,990 (5.4%) 0.00 176
    2018-05-01 $246,950 (-6.6%) $342,286 (3.7%) 0.00 185
    2018-06-01 $259,500 (-4.6%) $370,823 (8.6%) 0.00 193
    2018-07-01 $269,975 (-3.2%) $377,835 (10.1%) 0.00 210
    2018-08-01 $288,250 (3.3%) $393,875 (15.5%) 0.00 196
    2018-09-01 $289,500 (3.8%) $387,429 (9.9%) 0.00 208
    2018-10-01 $283,250 (1.5%) $387,386 (10.4%) 0.00 213
    2018-11-01 $269,900 (-1.9%) $365,163 (4.3%) 0.00 204
    2018-12-01 $252,000 (-8.4%) $349,363 (0.6%) 0.00 200
    2019-01-01 $250,000 (-3.5%) $341,171 (2.7%) 0.00 188
    2019-02-01 $269,675 (4.1%) $352,365 (7.3%) 0.00 179
    2019-03-01 $277,764 (11.1%) $359,457 (8.4%) 0.00 190
    2019-04-01 $294,475 (18.3%) $378,856 (12.1%) 0.00 182
    2019-05-01 $320,750 (29.9%) $409,571 (19.7%) 0.00 186
    2019-06-01 $299,500 (15.4%) $412,504 (11.2%) 0.00 217
    2019-07-01 $294,425 (9.1%) $401,891 (6.4%) 0.00 209
    2019-08-01 $301,600 (4.6%) $399,183 (1.4%) 0.00 207
    2019-09-01 $300,700 (3.9%) $393,615 (1.6%) 0.00 207
    2019-10-01 $300,000 (5.9%) $390,898 (0.9%) 0.00 208
    2019-11-01 $324,900 (20.4%) $392,232 (7.4%) 0.00 197
    2019-12-01 $294,750 (17.0%) $379,798 (8.7%) 0.00 178
    2020-01-01 $304,825 (21.9%) $386,611 (13.3%) 0.00 164
    2020-02-01 $324,900 (20.5%) $405,429 (15.1%) 0.00 161
    2020-03-01 $329,900 (18.8%) $408,296 (13.6%) 0.00 162
    2020-04-01 $333,525 (13.3%) $413,581 (9.2%) 0.00 155
    2020-05-01 $359,000 (11.9%) $434,249 (6.0%) 0.00 133
    2020-06-01 $374,725 (25.1%) $451,529 (9.5%) 0.00 118
    2020-07-01 $386,750 (31.4%) $468,275 (16.5%) 0.00 102
    2020-08-01 $359,000 (19.0%) $451,167 (13.0%) 0.00 96
    2020-09-01 $355,000 (18.1%) $449,356 (14.2%) 0.00 97
    2020-10-01 $337,500 (12.5%) $431,945 (10.5%) 0.00 93
    2020-11-01 $342,200 (5.3%) $404,340 (3.1%) 0.00 85
    2020-12-01 $299,000 (1.4%) $384,417 (1.2%) 0.00 85
    2021-01-01 $299,000 (-1.9%) $379,658 (-1.8%) 0.00 68
    2021-02-01 $278,500 (-14.3%) $394,075 (-2.8%) 0.00 57
    2021-03-01 $301,225 (-8.7%) $388,675 (-4.8%) 0.00 52
    2021-04-01 $287,400 (-13.8%) $391,830 (-5.3%) 0.00 53
    2021-05-01 $325,000 (-9.5%) $407,969 (-6.1%) 0.00 55
    2021-06-01 $397,250 (6.0%) $447,250 (-1.0%) 0.00 64
    2021-07-01 $407,450 (5.4%) $466,777 (-0.3%) 0.00 73
    2021-08-01 $375,500 (4.6%) $431,255 (-4.4%) 0.00 84
    2021-09-01 $384,250 (8.2%) $453,726 (1.0%) 0.00 80
    2021-10-01 $389,000 (15.3%) $487,624 (12.9%) 0.00 83
    2021-11-01 $414,000 (21.0%) $3,247,435 (703.2%) 0.00 80
    2021-12-01 $389,000 (30.1%) $3,411,322 (787.4%) 0.00 71
    2022-01-01 $400,000 (33.8%) $471,730 (24.3%) 0.00 56
    2022-02-01 $341,925 (22.8%) $472,235 (19.8%) 0.00 42
    2022-03-01 $334,725 (11.1%) $426,652 (9.8%) 0.00 45
    2022-04-01 $365,000 (27.0%) $480,702 (22.7%) 0.00 43
    2022-05-01 $362,500 (11.5%) $496,381 (21.7%) 0.00 49
    2022-06-01 $380,000 (-4.3%) $506,753 (13.3%) 0.00 64
    2022-07-01 $375,000 (-8.0%) $482,028 (3.3%) 0.00 80
    2022-08-01 $354,500 (-5.6%) $457,792 (6.2%) 0.00 86
    2022-09-01 $385,500 (0.3%) $499,305 (10.1%) 0.00 77
    2022-10-01 $397,000 (2.1%) $519,100 (6.5%) 0.00 80
    2022-11-01 $440,000 (6.3%) $554,716 (-82.9%) 0.00 81
    2022-12-01 $415,000 (6.7%) $537,088 (-84.3%) 0.00 82
    2023-01-01 $394,475 (-1.4%) $540,474 (14.6%) 0.00 75
    2023-02-01 $413,225 (20.9%) $575,609 (21.9%) 0.00 59
    2023-03-01 $395,000 (18.0%) $610,847 (43.2%) 0.00 58
    2023-04-01 $462,450 (26.7%) $663,896 (38.1%) 0.00 59
    2023-05-01 $480,238 (32.5%) $681,134 (37.2%) 0.00 67
    2023-06-01 $490,500 (29.1%) $729,645 (44.0%) 0.00 70
    2023-07-01 $459,000 (22.4%) $639,588 (32.7%) 0.00 78
    2023-08-01 $449,725 (26.9%) $620,733 (35.6%) 0.00 92
    2023-09-01 $454,500 (17.9%) $649,960 (30.2%) 0.00 104
    2023-10-01 $442,450 (11.5%) $591,421 (13.9%) 0.00 117
    2023-11-01 $452,000 (2.7%) $586,805 (5.8%) 0.00 112
    2023-12-01 $459,000 (10.6%) $597,841 (11.3%) 0.00 101
    2024-01-01 $467,000 (18.4%) $579,409 (7.2%) 0.00 89
    2024-02-01 $443,000 (7.2%) $567,223 (-1.5%) 0.00 84
    2024-03-01 $459,900 (16.4%) $559,427 (-8.4%) 0.00 96
    2024-04-01 $433,125 (-6.3%) $543,416 (-18.2%) 0.00 96
    2024-05-01 $431,225 (-10.2%) $554,300 (-18.6%) 0.00 104
    2024-06-01 $452,400 (-7.8%) $600,625 (-17.7%) 0.00 109
    2024-07-01 $447,450 (-2.5%) $599,338 (-6.3%) 0.00 114
    2024-08-01 $439,000 (-2.4%) $608,598 (-2.0%) 0.00 130
    2024-09-01 $437,250 (-3.8%) $610,038 (-6.1%) 0.00 144
    2024-10-01 $431,250 (-2.5%) $607,371 (2.7%) 0.00 138
    2024-11-01 $399,900 (-11.5%) $591,333 (0.8%) 0.00 125
    2024-12-01 $416,000 (-9.4%) $568,068 (-5.0%) 0.00 114
    2025-01-01 $391,125 (-16.3%) $542,372 (-6.4%) 0.00 101
    Marion's median listing price for 2025-01-01 was $391,125, a difference of $-75,875 (-16.3%) versus the prior year and $-24,875 versus the prior month.

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

    Marion's average listing price for 2025-01-01 was $542,372, a difference of $-37,037 (-6.4%) versus the prior year and $-25,696 versus the prior month.

    For the 2025-01-01 period, Marion had 101 MLS listings, a difference of -13 listings (-11%) versus the prior month and 12 listings (13%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Marion (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,998 sqft
    2018-02-01 0 days 1,947 sqft
    2018-03-01 0 days 1,989 sqft
    2018-04-01 0 days 1,918 sqft
    2018-05-01 0 days 1,905 sqft
    2018-06-01 0 days 1,888 sqft
    2018-07-01 0 days 1,913 sqft
    2018-08-01 0 days 2,051 sqft
    2018-09-01 0 days 2,046 sqft
    2018-10-01 0 days 2,022 sqft
    2018-11-01 0 days 1,935 sqft
    2018-12-01 0 days 1,906 sqft
    2019-01-01 0 days 1,892 sqft
    2019-02-01 0 days 1,919 sqft
    2019-03-01 0 days 1,947 sqft
    2019-04-01 0 days 2,012 sqft
    2019-05-01 0 days 2,003 sqft
    2019-06-01 0 days 2,000 sqft
    2019-07-01 0 days 2,012 sqft
    2019-08-01 0 days 2,024 sqft
    2019-09-01 0 days 2,024 sqft
    2019-10-01 0 days 2,025 sqft
    2019-11-01 0 days 2,013 sqft
    2019-12-01 0 days 1,995 sqft
    2020-01-01 0 days 1,991 sqft
    2020-02-01 0 days 2,000 sqft
    2020-03-01 0 days 2,050 sqft
    2020-04-01 0 days 2,076 sqft
    2020-05-01 0 days 2,187 sqft
    2020-06-01 0 days 2,250 sqft
    2020-07-01 0 days 2,381 sqft
    2020-08-01 0 days 2,240 sqft
    2020-09-01 0 days 2,209 sqft
    2020-10-01 0 days 2,193 sqft
    2020-11-01 0 days 2,108 sqft
    2020-12-01 0 days 2,083 sqft
    2021-01-01 0 days 2,100 sqft
    2021-02-01 0 days 2,012 sqft
    2021-03-01 0 days 1,906 sqft
    2021-04-01 0 days 1,630 sqft
    2021-05-01 0 days 1,674 sqft
    2021-06-01 0 days 1,885 sqft
    2021-07-01 0 days 1,823 sqft
    2021-08-01 0 days 1,791 sqft
    2021-09-01 0 days 1,863 sqft
    2021-10-01 0 days 1,872 sqft
    2021-11-01 0 days 1,977 sqft
    2021-12-01 0 days 1,839 sqft
    2022-01-01 0 days 1,696 sqft
    2022-02-01 0 days 1,643 sqft
    2022-03-01 0 days 1,575 sqft
    2022-04-01 0 days 1,650 sqft
    2022-05-01 0 days 1,762 sqft
    2022-06-01 0 days 1,810 sqft
    2022-07-01 0 days 1,796 sqft
    2022-08-01 0 days 1,730 sqft
    2022-09-01 0 days 1,836 sqft
    2022-10-01 0 days 1,824 sqft
    2022-11-01 0 days 1,907 sqft
    2022-12-01 0 days 1,748 sqft
    2023-01-01 0 days 1,644 sqft
    2023-02-01 0 days 1,812 sqft
    2023-03-01 0 days 1,758 sqft
    2023-04-01 0 days 2,252 sqft
    2023-05-01 0 days 2,267 sqft
    2023-06-01 0 days 2,098 sqft
    2023-07-01 0 days 1,967 sqft
    2023-08-01 0 days 1,917 sqft
    2023-09-01 0 days 1,989 sqft
    2023-10-01 0 days 1,817 sqft
    2023-11-01 0 days 1,865 sqft
    2023-12-01 0 days 1,796 sqft
    2024-01-01 0 days 1,796 sqft
    2024-02-01 0 days 1,749 sqft
    2024-03-01 0 days 1,917 sqft
    2024-04-01 0 days 1,835 sqft
    2024-05-01 0 days 1,900 sqft
    2024-06-01 0 days 1,903 sqft
    2024-07-01 0 days 1,801 sqft
    2024-08-01 0 days 1,817 sqft
    2024-09-01 0 days 1,798 sqft
    2024-10-01 0 days 1,799 sqft
    2024-11-01 0 days 1,796 sqft
    2024-12-01 0 days 1,798 sqft
    2025-01-01 0 days 1,735 sqft
    Marion's median listing age (time on market) for 2025-01-01 was 0 days.

    Marion's median square footage for active listings during the 2025-01-01 period was 1,735 sqft. One year prior, the average listing was 1,796 sqft.