Marion USDA Loan Rates, Closing Costs & Stats

Marion, NC

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 6.54% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

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

The average rate for the prior week (2024-03-15) was 6.57% and one month ago for the week of 2024-02-16, the average rate was 6.55%.

The average rate one year ago was 6.15%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.67%.

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%) $331,777 (10.1%) 0.00 196
2018-02-01 $259,000 (12.7%) $328,382 (12.4%) 0.00 194
2018-03-01 $250,000 (5.5%) $331,818 (6.9%) 0.00 184
2018-04-01 $249,150 (-3.8%) $344,373 (7.4%) 0.00 176
2018-05-01 $249,000 (-5.6%) $350,455 (6.3%) 0.00 187
2018-06-01 $269,000 (-0.7%) $378,315 (11.0%) 0.00 196
2018-07-01 $272,750 (-2.2%) $384,531 (12.2%) 0.00 212
2018-08-01 $289,500 (3.8%) $395,421 (16.1%) 0.00 198
2018-09-01 $294,500 (5.6%) $389,059 (10.3%) 0.00 210
2018-10-01 $286,375 (2.6%) $389,102 (11.0%) 0.00 215
2018-11-01 $269,950 (-1.8%) $367,480 (5.0%) 0.00 206
2018-12-01 $256,950 (-6.6%) $351,536 (1.3%) 0.00 203
2019-01-01 $250,000 (-3.5%) $338,981 (2.2%) 0.00 188
2019-02-01 $269,450 (4.0%) $349,321 (6.4%) 0.00 178
2019-03-01 $274,714 (9.9%) $355,611 (7.2%) 0.00 189
2019-04-01 $294,250 (18.1%) $375,317 (9.0%) 0.00 181
2019-05-01 $313,250 (25.8%) $405,039 (15.6%) 0.00 186
2019-06-01 $299,400 (11.3%) $408,119 (7.9%) 0.00 217
2019-07-01 $294,100 (7.8%) $400,796 (4.2%) 0.00 210
2019-08-01 $302,959 (4.7%) $398,698 (0.8%) 0.00 207
2019-09-01 $308,298 (4.7%) $394,049 (1.3%) 0.00 207
2019-10-01 $311,857 (8.9%) $391,977 (0.7%) 0.00 207
2019-11-01 $324,900 (20.4%) $392,232 (6.7%) 0.00 197
2019-12-01 $294,750 (14.7%) $379,798 (8.0%) 0.00 178
2020-01-01 $304,825 (21.9%) $386,655 (14.1%) 0.00 164
2020-02-01 $325,000 (20.6%) $405,247 (16.0%) 0.00 162
2020-03-01 $329,900 (20.1%) $408,056 (14.8%) 0.00 163
2020-04-01 $334,900 (13.8%) $413,255 (10.1%) 0.00 156
2020-05-01 $359,250 (14.7%) $433,694 (7.1%) 0.00 134
2020-06-01 $372,000 (24.3%) $450,788 (10.5%) 0.00 119
2020-07-01 $383,500 (30.4%) $467,271 (16.6%) 0.00 103
2020-08-01 $359,500 (18.7%) $450,273 (12.9%) 0.00 97
2020-09-01 $357,000 (15.8%) $448,431 (13.8%) 0.00 98
2020-10-01 $340,000 (9.0%) $431,100 (10.0%) 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 (-14.2%) $391,830 (-5.2%) 0.00 53
2021-05-01 $325,000 (-9.5%) $407,969 (-5.9%) 0.00 55
2021-06-01 $397,250 (6.8%) $447,250 (-0.8%) 0.00 64
2021-07-01 $415,000 (8.2%) $466,777 (-0.1%) 0.00 74
2021-08-01 $375,500 (4.5%) $431,255 (-4.2%) 0.00 84
2021-09-01 $384,250 (7.6%) $453,726 (1.2%) 0.00 80
2021-10-01 $389,000 (14.4%) $490,980 (13.9%) 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 (-9.6%) $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 (5.7%) 0.00 79
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 $479,625 (32.3%) $680,944 (37.2%) 0.00 66
2023-06-01 $489,000 (28.7%) $730,118 (44.1%) 0.00 69
2023-07-01 $459,000 (22.4%) $639,190 (32.6%) 0.00 78
2023-08-01 $449,725 (26.9%) $620,430 (35.5%) 0.00 92
2023-09-01 $450,000 (16.7%) $650,381 (30.3%) 0.00 103
2023-10-01 $441,075 (11.1%) $591,360 (13.9%) 0.00 116
2023-11-01 $447,225 (1.6%) $587,131 (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
Marion's median listing price for 2024-02-01 was $443,000, a difference of $29,775 (7.2%) versus the prior year and $-24,000 versus the prior month.

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

Marion's average listing price for 2024-02-01 was $567,223, a difference of $-8,386 (-1.5%) versus the prior year and $-12,186 versus the prior month.

For the 2024-02-01 period, Marion had 84 MLS listings, a difference of -5 listings (-6%) versus the prior month and 25 listings (42%) 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 1,925 sqft
2018-05-01 0 days 1,906 sqft
2018-06-01 0 days 1,906 sqft
2018-07-01 0 days 1,932 sqft
2018-08-01 0 days 2,059 sqft
2018-09-01 0 days 2,049 sqft
2018-10-01 0 days 2,029 sqft
2018-11-01 0 days 1,936 sqft
2018-12-01 0 days 1,907 sqft
2019-01-01 0 days 1,901 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 1,999 sqft
2019-08-01 0 days 2,015 sqft
2019-09-01 0 days 2,021 sqft
2019-10-01 0 days 2,024 sqft
2019-11-01 0 days 2,000 sqft
2019-12-01 0 days 1,989 sqft
2020-01-01 0 days 1,984 sqft
2020-02-01 0 days 2,000 sqft
2020-03-01 0 days 2,052 sqft
2020-04-01 0 days 2,088 sqft
2020-05-01 0 days 2,203 sqft
2020-06-01 0 days 2,258 sqft
2020-07-01 0 days 2,362 sqft
2020-08-01 0 days 2,242 sqft
2020-09-01 0 days 2,217 sqft
2020-10-01 0 days 2,209 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 1,843 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 1,772 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 1,738 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 2,252 sqft
2023-06-01 0 days 2,077 sqft
2023-07-01 0 days 1,967 sqft
2023-08-01 0 days 1,904 sqft
2023-09-01 0 days 1,978 sqft
2023-10-01 0 days 1,799 sqft
2023-11-01 0 days 1,833 sqft
2023-12-01 0 days 1,798 sqft
2024-01-01 0 days 1,797 sqft
2024-02-01 0 days 1,749 sqft
Marion's median listing age (time on market) for 2024-02-01 was 0 days.

Marion's median square footage for active listings during the 2024-02-01 period was 1,749 sqft. One year prior, the average listing was 1,812 sqft.