Mount Airy USDA Loan Rates, Closing Costs & Stats
Mount Airy, 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.
Mount Airy's 14 lenders originated 32 USDA loans during 2023. The total origination value was $5,770,000, with an average USDA loan value of $180,313.
Mount Airy USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Mount Airy
averaged
6.76%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Mount Airy's average USDA mortgage closing costs are $4,709.
The average rate for the prior week (2024-04-12) was
6.51% and
one month ago for the week of 2024-03-15, the
average rate was 6.49%.
The average rate one year ago was 6.43%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.76%.
Mount Airy 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 Mount Airy level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Renasant Bank | 6 | 6.60% | $6,744 |
| Chickasaw Community Bank | 4 | 6.75% | $7,788 |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 4 | 6.78% | $7,580 |
| EMM LOANS LLC | 3 | 6.63% | $6,044 |
| AMERICAN FINANCIAL NETWORK, INC. | 2 | 6.49% | $7,282 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 2 | 6.06% | $8,947 |
| HIGHLANDS RESIDENTIAL MORTGAGE, LTD. | 2 | 6.81% | $7,724 |
| MOVEMENT MORTGAGE, LLC | 2 | 6.50% | $5,830 |
| UNION HOME MORTGAGE CORP. | 2 | 6.63% | $7,138 |
| AMERICAN FINANCIAL RESOURCES, INC. | 1 | 7.13% | $4,642 |
| CARDINAL FINANCIAL | 1 | 6.63% | $8,900 |
| MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 5.75% | $6,914 |
| Gateway First Bank | 1 | 7.13% | $6,924 |
| NEWREZ LLC | 1 | 7.25% | $3,934 |
The top Mount Airy USDA lender as defined by loan originations is Renasant Bank, with
6 USDA loans originated. Their average total fees are
$6,744, which is $1,044
lower than the next largest lender,
Chickasaw Community Bank.
The lowest fee Mount Airy USDA lenders (with over 10 loans originated) are
.
The lowest rate Mount Airy USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Mount Airy (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 | $161,175 (1.1%) | $259,624 (10.4%) | 0.00 | 243 |
| 2018-02-01 | $160,425 (4.6%) | $269,994 (20.1%) | 0.00 | 242 |
| 2018-03-01 | $185,250 (22.3%) | $281,341 (24.2%) | 0.00 | 242 |
| 2018-04-01 | $192,860 (20.6%) | $289,389 (21.7%) | 0.00 | 239 |
| 2018-05-01 | $218,675 (28.7%) | $297,304 (20.3%) | 0.00 | 239 |
| 2018-06-01 | $199,450 (15.7%) | $285,622 (12.9%) | 0.00 | 238 |
| 2018-07-01 | $184,350 (2.5%) | $259,159 (0.8%) | 0.00 | 248 |
| 2018-08-01 | $165,925 (-10.3%) | $239,215 (-8.0%) | 0.00 | 193 |
| 2018-09-01 | $189,450 (5.3%) | $253,577 (-9.0%) | 0.00 | 175 |
| 2018-10-01 | $179,475 (3.2%) | $245,943 (-10.0%) | 0.00 | 177 |
| 2018-11-01 | $189,000 (11.2%) | $256,218 (-2.8%) | 0.00 | 159 |
| 2018-12-01 | $189,450 (5.3%) | $266,243 (-1.3%) | 0.00 | 143 |
| 2019-01-01 | $195,925 (21.6%) | $267,679 (3.1%) | 0.00 | 143 |
| 2019-02-01 | $191,900 (19.6%) | $269,452 (-0.2%) | 0.00 | 141 |
| 2019-03-01 | $206,371 (11.4%) | $271,788 (-3.4%) | 0.00 | 143 |
| 2019-04-01 | $213,921 (10.9%) | $278,225 (-3.9%) | 0.00 | 147 |
| 2019-05-01 | $215,000 (-1.7%) | $277,604 (-6.6%) | 0.00 | 149 |
| 2019-06-01 | $204,900 (2.7%) | $289,405 (1.3%) | 0.00 | 143 |
| 2019-07-01 | $199,325 (8.1%) | $273,728 (5.6%) | 0.00 | 157 |
| 2019-08-01 | $198,359 (19.6%) | $273,591 (14.4%) | 0.00 | 154 |
| 2019-09-01 | $197,848 (4.4%) | $276,538 (9.1%) | 0.00 | 151 |
| 2019-10-01 | $201,232 (12.1%) | $284,288 (15.6%) | 0.00 | 147 |
| 2019-11-01 | $199,999 (5.8%) | $301,954 (17.9%) | 0.00 | 147 |
| 2019-12-01 | $219,450 (15.8%) | $302,161 (13.5%) | 0.00 | 136 |
| 2020-01-01 | $192,400 (-1.8%) | $301,927 (12.8%) | 0.00 | 130 |
| 2020-02-01 | $189,900 (-1.0%) | $285,010 (5.8%) | 0.00 | 133 |
| 2020-03-01 | $199,950 (-3.1%) | $286,727 (5.5%) | 0.00 | 123 |
| 2020-04-01 | $217,450 (1.7%) | $299,492 (7.6%) | 0.00 | 121 |
| 2020-05-01 | $229,900 (6.9%) | $305,226 (10.0%) | 0.00 | 112 |
| 2020-06-01 | $247,450 (20.8%) | $344,253 (19.0%) | 0.00 | 108 |
| 2020-07-01 | $242,925 (21.9%) | $327,286 (19.6%) | 0.00 | 114 |
| 2020-08-01 | $239,000 (20.5%) | $337,159 (23.2%) | 0.00 | 107 |
| 2020-09-01 | $238,675 (20.6%) | $334,358 (20.9%) | 0.00 | 101 |
| 2020-10-01 | $251,855 (25.2%) | $348,292 (22.5%) | 0.00 | 94 |
| 2020-11-01 | $241,300 (20.7%) | $340,198 (12.7%) | 0.00 | 92 |
| 2020-12-01 | $199,900 (-8.9%) | $320,487 (6.1%) | 0.00 | 78 |
| 2021-01-01 | $227,450 (18.2%) | $346,839 (14.9%) | 0.00 | 63 |
| 2021-02-01 | $263,475 (38.7%) | $360,935 (26.6%) | 0.00 | 58 |
| 2021-03-01 | $266,350 (33.2%) | $380,219 (32.6%) | 0.00 | 52 |
| 2021-04-01 | $257,400 (18.4%) | $388,227 (29.6%) | 0.00 | 53 |
| 2021-05-01 | $249,000 (8.3%) | $360,177 (18.0%) | 0.00 | 65 |
| 2021-06-01 | $257,400 (4.0%) | $379,835 (10.3%) | 0.00 | 71 |
| 2021-07-01 | $244,900 (0.8%) | $380,932 (16.4%) | 0.00 | 79 |
| 2021-08-01 | $251,750 (5.3%) | $355,332 (5.4%) | 0.00 | 90 |
| 2021-09-01 | $258,800 (8.4%) | $356,882 (6.7%) | 0.00 | 88 |
| 2021-10-01 | $259,900 (3.2%) | $362,545 (4.1%) | 0.00 | 83 |
| 2021-11-01 | $217,423 (-9.9%) | $327,529 (-3.7%) | 0.00 | 79 |
| 2021-12-01 | $212,000 (6.1%) | $318,446 (-0.6%) | 0.00 | 69 |
| 2022-01-01 | $236,000 (3.8%) | $324,053 (-6.6%) | 0.00 | 56 |
| 2022-02-01 | $238,675 (-9.4%) | $331,303 (-8.2%) | 0.00 | 53 |
| 2022-03-01 | $229,450 (-13.9%) | $349,483 (-8.1%) | 0.00 | 43 |
| 2022-04-01 | $219,500 (-14.7%) | $300,468 (-22.6%) | 0.00 | 40 |
| 2022-05-01 | $218,450 (-12.3%) | $298,067 (-17.2%) | 0.00 | 43 |
| 2022-06-01 | $256,700 (-0.3%) | $331,897 (-12.6%) | 0.00 | 67 |
| 2022-07-01 | $293,000 (19.6%) | $348,041 (-8.6%) | 0.00 | 76 |
| 2022-08-01 | $295,000 (17.2%) | $389,123 (9.5%) | 0.00 | 88 |
| 2022-09-01 | $272,450 (5.3%) | $356,759 (0.0%) | 0.00 | 100 |
| 2022-10-01 | $269,000 (3.5%) | $368,523 (1.7%) | 0.00 | 102 |
| 2022-11-01 | $285,975 (31.5%) | $368,067 (12.4%) | 0.00 | 101 |
| 2022-12-01 | $275,500 (30.0%) | $348,445 (9.4%) | 0.00 | 93 |
| 2023-01-01 | $277,750 (17.7%) | $349,752 (7.9%) | 0.00 | 84 |
| 2023-02-01 | $274,900 (15.2%) | $340,632 (2.8%) | 0.00 | 76 |
| 2023-03-01 | $283,200 (23.4%) | $349,657 (0.1%) | 0.00 | 67 |
| 2023-04-01 | $289,900 (32.1%) | $357,186 (18.9%) | 0.00 | 59 |
| 2023-05-01 | $282,400 (29.3%) | $358,597 (20.3%) | 0.00 | 56 |
| 2023-06-01 | $287,400 (12.0%) | $363,768 (9.6%) | 0.00 | 57 |
| 2023-07-01 | $257,000 (-12.3%) | $338,811 (-2.7%) | 0.00 | 72 |
| 2023-08-01 | $296,725 (0.6%) | $362,308 (-6.9%) | 0.00 | 75 |
| 2023-09-01 | $310,000 (13.8%) | $381,502 (6.9%) | 0.00 | 69 |
| 2023-10-01 | $299,500 (11.3%) | $387,562 (5.2%) | 0.00 | 83 |
| 2023-11-01 | $299,450 (4.7%) | $382,577 (3.9%) | 0.00 | 101 |
| 2023-12-01 | $292,450 (6.2%) | $377,663 (8.4%) | 0.00 | 97 |
| 2024-01-01 | $318,675 (14.7%) | $402,941 (15.2%) | 0.00 | 87 |
| 2024-02-01 | $299,900 (9.1%) | $391,927 (15.1%) | 0.00 | 93 |
| 2024-03-01 | $299,950 (5.9%) | $387,697 (10.9%) | 0.00 | 92 |
Mount Airy's median listing price comes in at 0% of the national average.
Mount Airy's average listing price for 2024-03-01 was $387,697, a difference of $38,040 (10.9%) versus the prior year and $-4,230 versus the prior month.
For the 2024-03-01 period, Mount Airy had 92 MLS listings, a difference of -1 listings (-1%) versus the prior month and 25 listings (37%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Mount Airy (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,983 sqft |
| 2018-02-01 | 0 days | 1,826 sqft |
| 2018-03-01 | 0 days | 1,900 sqft |
| 2018-04-01 | 0 days | 2,007 sqft |
| 2018-05-01 | 0 days | 2,068 sqft |
| 2018-06-01 | 0 days | 2,055 sqft |
| 2018-07-01 | 0 days | 2,012 sqft |
| 2018-08-01 | 0 days | 1,942 sqft |
| 2018-09-01 | 0 days | 1,971 sqft |
| 2018-10-01 | 0 days | 1,977 sqft |
| 2018-11-01 | 0 days | 1,993 sqft |
| 2018-12-01 | 0 days | 1,987 sqft |
| 2019-01-01 | 0 days | 1,987 sqft |
| 2019-02-01 | 0 days | 2,053 sqft |
| 2019-03-01 | 0 days | 2,075 sqft |
| 2019-04-01 | 0 days | 2,032 sqft |
| 2019-05-01 | 0 days | 2,047 sqft |
| 2019-06-01 | 0 days | 2,315 sqft |
| 2019-07-01 | 0 days | 2,184 sqft |
| 2019-08-01 | 0 days | 2,432 sqft |
| 2019-09-01 | 0 days | 2,326 sqft |
| 2019-10-01 | 0 days | 2,179 sqft |
| 2019-11-01 | 0 days | 2,042 sqft |
| 2019-12-01 | 0 days | 1,985 sqft |
| 2020-01-01 | 0 days | 1,993 sqft |
| 2020-02-01 | 0 days | 2,924 sqft |
| 2020-03-01 | 0 days | 2,344 sqft |
| 2020-04-01 | 0 days | 2,904 sqft |
| 2020-05-01 | 0 days | 2,924 sqft |
| 2020-06-01 | 0 days | 2,508 sqft |
| 2020-07-01 | 0 days | 2,426 sqft |
| 2020-08-01 | 0 days | 2,426 sqft |
| 2020-09-01 | 0 days | 2,380 sqft |
| 2020-10-01 | 0 days | 3,168 sqft |
| 2020-11-01 | 0 days | 2,428 sqft |
| 2020-12-01 | 0 days | 2,333 sqft |
| 2021-01-01 | 0 days | 2,396 sqft |
| 2021-02-01 | 0 days | 2,472 sqft |
| 2021-03-01 | 0 days | 2,464 sqft |
| 2021-04-01 | 0 days | 2,180 sqft |
| 2021-05-01 | 0 days | 2,422 sqft |
| 2021-06-01 | 0 days | 2,561 sqft |
| 2021-07-01 | 0 days | 2,561 sqft |
| 2021-08-01 | 0 days | 3,506 sqft |
| 2021-09-01 | 0 days | 3,506 sqft |
| 2021-10-01 | 0 days | 3,518 sqft |
| 2021-11-01 | 0 days | 2,402 sqft |
| 2021-12-01 | 0 days | 2,161 sqft |
| 2022-01-01 | 0 days | 2,134 sqft |
| 2022-02-01 | 0 days | 1,970 sqft |
| 2022-03-01 | 0 days | 1,727 sqft |
| 2022-04-01 | 0 days | 1,764 sqft |
| 2022-05-01 | 0 days | 1,982 sqft |
| 2022-06-01 | 0 days | 2,411 sqft |
| 2022-07-01 | 0 days | 2,285 sqft |
| 2022-08-01 | 0 days | 1,995 sqft |
| 2022-09-01 | 0 days | 1,782 sqft |
| 2022-10-01 | 0 days | 1,534 sqft |
| 2022-11-01 | 0 days | 1,824 sqft |
| 2022-12-01 | 0 days | 1,474 sqft |
| 2023-01-01 | 0 days | 1,554 sqft |
| 2023-02-01 | 0 days | 1,457 sqft |
| 2023-03-01 | 0 days | 1,880 sqft |
| 2023-04-01 | 0 days | 2,025 sqft |
| 2023-05-01 | 0 days | 2,068 sqft |
| 2023-06-01 | 0 days | 1,600 sqft |
| 2023-07-01 | 0 days | 1,518 sqft |
| 2023-08-01 | 0 days | 1,559 sqft |
| 2023-09-01 | 0 days | 1,518 sqft |
| 2023-10-01 | 0 days | 1,576 sqft |
| 2023-11-01 | 0 days | 1,637 sqft |
| 2023-12-01 | 0 days | 1,978 sqft |
| 2024-01-01 | 0 days | 1,923 sqft |
| 2024-02-01 | 0 days | 1,579 sqft |
| 2024-03-01 | 0 days | 2,015 sqft |
Mount Airy's median square footage for active listings during the 2024-03-01 period was 2,015 sqft. One year prior, the average listing was 1,880 sqft.