Morehead City USDA Loan Rates, Closing Costs & Stats

Morehead City, 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.

    Morehead City's 2 lenders originated 3 USDA loans during 2023. The total origination value was $775,000, with an average USDA loan value of $258,333.

    Morehead City USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Morehead City averaged 5.99% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Morehead City's average USDA mortgage closing costs are $4,757.

    The average rate for the prior week (2024-12-06) was 6.23% and one month ago for the week of 2024-11-08, the average rate was 6.24%.

    The average rate one year ago was 6.91%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.3%.

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

    Morehead City 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 Morehead City level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    American Security Mortgage Corp. 2 6.63% $5,747
    MOVEMENT MORTGAGE, LLC 1 6.00% $7,668

    The top Morehead City USDA lender as defined by loan originations is American Security Mortgage Corp., with 2 USDA loans originated. Their average total fees are $5,747, which is $1,920 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Morehead City (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 $309,450 (3.5%) $393,920 (7.8%) 0.00 969
    2018-02-01 $314,950 (5.3%) $398,075 (7.7%) 0.00 958
    2018-03-01 $322,950 (8.0%) $404,889 (8.3%) 0.00 997
    2018-04-01 $322,250 (4.6%) $404,273 (4.8%) 0.00 1,011
    2018-05-01 $325,000 (6.7%) $413,015 (5.8%) 0.00 1,022
    2018-06-01 $326,500 (7.1%) $416,844 (7.9%) 0.00 999
    2018-07-01 $330,000 (4.8%) $425,276 (8.6%) 0.00 983
    2018-08-01 $337,000 (6.9%) $433,165 (10.7%) 0.00 939
    2018-09-01 $343,000 (8.9%) $446,926 (15.2%) 0.00 899
    2018-10-01 $337,000 (7.0%) $445,004 (14.4%) 0.00 723
    2018-11-01 $338,925 (9.7%) $443,515 (15.0%) 0.00 670
    2018-12-01 $339,900 (9.7%) $443,764 (14.0%) 0.00 653
    2019-01-01 $339,463 (9.7%) $449,963 (14.2%) 0.00 585
    2019-02-01 $340,619 (8.2%) $440,224 (10.6%) 0.00 610
    2019-03-01 $351,143 (8.7%) $457,572 (13.0%) 0.00 636
    2019-04-01 $354,125 (9.9%) $474,251 (17.3%) 0.00 673
    2019-05-01 $362,500 (11.5%) $488,547 (18.3%) 0.00 705
    2019-06-01 $359,900 (10.2%) $484,360 (16.2%) 0.00 729
    2019-07-01 $369,125 (11.9%) $486,944 (14.5%) 0.00 737
    2019-08-01 $376,336 (11.7%) $494,837 (14.2%) 0.00 751
    2019-09-01 $378,341 (10.3%) $497,583 (11.3%) 0.00 778
    2019-10-01 $379,677 (12.7%) $499,413 (12.2%) 0.00 799
    2019-11-01 $375,000 (10.6%) $492,275 (11.0%) 0.00 820
    2019-12-01 $375,000 (10.3%) $488,356 (10.1%) 0.00 774
    2020-01-01 $375,000 (10.5%) $484,524 (7.7%) 0.00 771
    2020-02-01 $375,000 (10.1%) $488,145 (10.9%) 0.00 771
    2020-03-01 $375,000 (6.8%) $490,303 (7.2%) 0.00 805
    2020-04-01 $375,375 (6.0%) $497,395 (4.9%) 0.00 809
    2020-05-01 $375,500 (3.6%) $499,510 (2.2%) 0.00 758
    2020-06-01 $385,000 (7.0%) $519,460 (7.3%) 0.00 659
    2020-07-01 $385,000 (4.3%) $520,107 (6.8%) 0.00 584
    2020-08-01 $385,000 (2.3%) $527,131 (6.5%) 0.00 532
    2020-09-01 $385,000 (1.8%) $552,438 (11.0%) 0.00 454
    2020-10-01 $385,000 (1.4%) $555,865 (11.3%) 0.00 430
    2020-11-01 $385,000 (2.7%) $558,711 (13.5%) 0.00 400
    2020-12-01 $399,725 (6.6%) $575,358 (17.8%) 0.00 332
    2021-01-01 $399,250 (6.5%) $552,071 (13.9%) 0.00 287
    2021-02-01 $422,500 (12.7%) $587,290 (20.3%) 0.00 241
    2021-03-01 $449,975 (20.0%) $594,730 (21.3%) 0.00 219
    2021-04-01 $469,950 (25.2%) $619,749 (24.6%) 0.00 215
    2021-05-01 $465,000 (23.8%) $622,774 (24.7%) 0.00 202
    2021-06-01 $467,825 (21.5%) $613,422 (18.1%) 0.00 224
    2021-07-01 $450,000 (16.9%) $596,253 (14.6%) 0.00 242
    2021-08-01 $450,000 (16.9%) $624,288 (18.4%) 0.00 245
    2021-09-01 $450,000 (16.9%) $623,067 (12.8%) 0.00 276
    2021-10-01 $449,000 (16.6%) $599,921 (7.9%) 0.00 265
    2021-11-01 $449,500 (16.8%) $612,188 (9.6%) 0.00 232
    2021-12-01 $461,950 (15.6%) $615,791 (7.0%) 0.00 208
    2022-01-01 $475,000 (19.0%) $607,750 (10.1%) 0.00 165
    2022-02-01 $479,150 (13.4%) $609,761 (3.8%) 0.00 160
    2022-03-01 $484,475 (7.7%) $633,846 (6.6%) 0.00 145
    2022-04-01 $486,950 (3.6%) $635,745 (2.6%) 0.00 164
    2022-05-01 $510,950 (9.9%) $682,419 (9.6%) 0.00 179
    2022-06-01 $525,000 (12.2%) $696,527 (13.6%) 0.00 218
    2022-07-01 $539,900 (20.0%) $706,652 (18.5%) 0.00 262
    2022-08-01 $559,450 (24.3%) $722,663 (15.8%) 0.00 271
    2022-09-01 $552,975 (22.9%) $721,107 (15.7%) 0.00 300
    2022-10-01 $550,000 (22.5%) $697,339 (16.2%) 0.00 335
    2022-11-01 $547,425 (21.8%) $660,806 (7.9%) 0.00 351
    2022-12-01 $552,350 (19.6%) $670,615 (8.9%) 0.00 320
    2023-01-01 $551,175 (16.0%) $687,578 (13.1%) 0.00 285
    2023-02-01 $549,925 (14.8%) $680,483 (11.6%) 0.00 290
    2023-03-01 $549,850 (13.5%) $702,072 (10.8%) 0.00 290
    2023-04-01 $569,000 (16.9%) $714,988 (12.5%) 0.00 280
    2023-05-01 $550,000 (7.6%) $696,546 (2.1%) 0.00 275
    2023-06-01 $576,250 (9.8%) $718,237 (3.1%) 0.00 285
    2023-07-01 $587,575 (8.8%) $733,432 (3.8%) 0.00 278
    2023-08-01 $593,250 (6.0%) $754,410 (4.4%) 0.00 282
    2023-09-01 $595,000 (7.6%) $778,551 (8.0%) 0.00 305
    2023-10-01 $609,925 (10.9%) $808,786 (16.0%) 0.00 312
    2023-11-01 $602,475 (10.1%) $791,650 (19.8%) 0.00 328
    2023-12-01 $599,900 (8.6%) $772,642 (15.2%) 0.00 329
    2024-01-01 $598,650 (8.6%) $736,826 (7.2%) 0.00 338
    2024-02-01 $598,950 (8.9%) $753,647 (10.8%) 0.00 364
    2024-03-01 $599,900 (9.1%) $770,159 (9.7%) 0.00 402
    2024-04-01 $599,325 (5.3%) $755,192 (5.6%) 0.00 431
    2024-05-01 $599,900 (9.1%) $756,786 (8.7%) 0.00 451
    2024-06-01 $599,900 (4.1%) $800,722 (11.5%) 0.00 456
    2024-07-01 $599,000 (1.9%) $786,046 (7.2%) 0.00 454
    2024-08-01 $590,450 (-0.5%) $765,769 (1.5%) 0.00 475
    2024-09-01 $599,000 (0.7%) $771,239 (-0.9%) 0.00 490
    2024-10-01 $597,000 (-2.1%) $759,131 (-6.1%) 0.00 486
    2024-11-01 $579,950 (-3.7%) $747,511 (-5.6%) 0.00 497
    Morehead City's median listing price for 2024-11-01 was $579,950, a difference of $-22,525 (-3.7%) versus the prior year and $-17,050 versus the prior month.

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

    Morehead City's average listing price for 2024-11-01 was $747,511, a difference of $-44,139 (-5.6%) versus the prior year and $-11,620 versus the prior month.

    For the 2024-11-01 period, Morehead City had 497 MLS listings, a difference of 11 listings (2%) versus the prior month and 169 listings (52%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Morehead City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,716 sqft
    2018-02-01 0 days 1,750 sqft
    2018-03-01 0 days 1,784 sqft
    2018-04-01 0 days 1,787 sqft
    2018-05-01 0 days 1,831 sqft
    2018-06-01 0 days 1,841 sqft
    2018-07-01 0 days 1,864 sqft
    2018-08-01 0 days 1,867 sqft
    2018-09-01 0 days 1,862 sqft
    2018-10-01 0 days 1,845 sqft
    2018-11-01 0 days 1,806 sqft
    2018-12-01 0 days 1,789 sqft
    2019-01-01 0 days 1,783 sqft
    2019-02-01 0 days 1,796 sqft
    2019-03-01 0 days 1,814 sqft
    2019-04-01 0 days 1,819 sqft
    2019-05-01 0 days 1,922 sqft
    2019-06-01 0 days 1,944 sqft
    2019-07-01 0 days 1,952 sqft
    2019-08-01 0 days 1,969 sqft
    2019-09-01 0 days 1,953 sqft
    2019-10-01 0 days 1,922 sqft
    2019-11-01 0 days 1,863 sqft
    2019-12-01 0 days 1,825 sqft
    2020-01-01 0 days 1,798 sqft
    2020-02-01 0 days 1,795 sqft
    2020-03-01 0 days 1,789 sqft
    2020-04-01 0 days 1,795 sqft
    2020-05-01 0 days 1,800 sqft
    2020-06-01 0 days 1,923 sqft
    2020-07-01 0 days 1,944 sqft
    2020-08-01 0 days 1,920 sqft
    2020-09-01 0 days 1,890 sqft
    2020-10-01 0 days 1,874 sqft
    2020-11-01 0 days 1,847 sqft
    2020-12-01 0 days 1,854 sqft
    2021-01-01 0 days 1,860 sqft
    2021-02-01 0 days 1,942 sqft
    2021-03-01 0 days 1,959 sqft
    2021-04-01 0 days 1,974 sqft
    2021-05-01 0 days 1,951 sqft
    2021-06-01 0 days 1,901 sqft
    2021-07-01 0 days 1,850 sqft
    2021-08-01 0 days 1,850 sqft
    2021-09-01 0 days 1,821 sqft
    2021-10-01 0 days 1,820 sqft
    2021-11-01 0 days 1,792 sqft
    2021-12-01 0 days 1,784 sqft
    2022-01-01 0 days 1,790 sqft
    2022-02-01 0 days 1,808 sqft
    2022-03-01 0 days 1,802 sqft
    2022-04-01 0 days 1,802 sqft
    2022-05-01 0 days 1,979 sqft
    2022-06-01 0 days 1,926 sqft
    2022-07-01 0 days 1,887 sqft
    2022-08-01 0 days 2,000 sqft
    2022-09-01 0 days 1,976 sqft
    2022-10-01 0 days 1,960 sqft
    2022-11-01 0 days 1,914 sqft
    2022-12-01 0 days 1,881 sqft
    2023-01-01 0 days 1,875 sqft
    2023-02-01 0 days 1,918 sqft
    2023-03-01 0 days 1,910 sqft
    2023-04-01 0 days 1,937 sqft
    2023-05-01 0 days 1,999 sqft
    2023-06-01 0 days 1,972 sqft
    2023-07-01 0 days 1,970 sqft
    2023-08-01 0 days 1,906 sqft
    2023-09-01 0 days 1,926 sqft
    2023-10-01 0 days 1,910 sqft
    2023-11-01 0 days 1,871 sqft
    2023-12-01 0 days 1,800 sqft
    2024-01-01 0 days 1,800 sqft
    2024-02-01 0 days 1,765 sqft
    2024-03-01 0 days 1,797 sqft
    2024-04-01 0 days 1,795 sqft
    2024-05-01 0 days 1,800 sqft
    2024-06-01 0 days 1,816 sqft
    2024-07-01 0 days 1,936 sqft
    2024-08-01 0 days 1,858 sqft
    2024-09-01 0 days 1,829 sqft
    2024-10-01 0 days 1,823 sqft
    2024-11-01 0 days 1,800 sqft
    Morehead City's median listing age (time on market) for 2024-11-01 was 0 days.

    Morehead City's median square footage for active listings during the 2024-11-01 period was 1,800 sqft. One year prior, the average listing was 1,871 sqft.