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 6.55% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

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

    The average rate for the prior week (2024-11-01) was 6.42% and one month ago for the week of 2024-10-04, the average rate was 5.64%.

    The average rate one year ago was 7.48%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.58%.

    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
    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 $432,450 (-9.8%) $554,795 (-18.5%) 0.00 104
    2024-06-01 $449,900 (-8.0%) $604,483 (-17.2%) 0.00 108
    2024-07-01 $447,450 (-2.5%) $599,338 (-6.2%) 0.00 114
    2024-08-01 $439,000 (-2.4%) $608,598 (-1.9%) 0.00 130
    2024-09-01 $437,250 (-2.8%) $610,038 (-6.2%) 0.00 144
    2024-10-01 $431,250 (-2.2%) $607,371 (2.7%) 0.00 138
    Marion's median listing price for 2024-10-01 was $431,250, a difference of $-9,825 (-2.2%) versus the prior year and $-6,000 versus the prior month.

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

    Marion's average listing price for 2024-10-01 was $607,371, a difference of $16,011 (2.7%) versus the prior year and $-2,667 versus the prior month.

    For the 2024-10-01 period, Marion had 138 MLS listings, a difference of -6 listings (-4%) versus the prior month and 22 listings (19%) 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
    2024-03-01 0 days 1,917 sqft
    2024-04-01 0 days 1,844 sqft
    2024-05-01 0 days 1,908 sqft
    2024-06-01 0 days 1,912 sqft
    2024-07-01 0 days 1,816 sqft
    2024-08-01 0 days 1,833 sqft
    2024-09-01 0 days 1,799 sqft
    2024-10-01 0 days 1,800 sqft
    Marion's median listing age (time on market) for 2024-10-01 was 0 days.

    Marion's median square footage for active listings during the 2024-10-01 period was 1,800 sqft. One year prior, the average listing was 1,799 sqft.