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 11 lenders originated 31 USDA loans during 2024. The total origination value was $5,945,000, with an average USDA loan value of $191,774.
Mount Airy USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Mount Airy
averaged
0.21%
for the week of 2025-06-20, compared to the national average (all USDA variants) of
0% for the same period.
Mount Airy's average USDA mortgage closing costs are $4,842.
The average rate for the prior week (2025-06-13) was
6.81% and
one month ago for the week of 2025-05-16, the
average rate was 6.78%.
The average rate one year ago was 6.8%.
For refis of the same type during the week of 2025-06-20, the average rate
was 0.44%.
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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| Renasant Bank | 15 | 6.63% | $5,699 |
| AMERICAN FINANCIAL RESOURCES, INC. | 3 | 6.50% | $5,669 |
| EMM LOANS LLC | 3 | 6.21% | $7,733 |
| T2 FINANCIAL LLC | 2 | 6.63% | $13,209 |
| MID AMERICA MORTGAGE, INC. | 1 | 6.75% | $5,267 |
| UNION HOME MORTGAGE CORP. | 1 | 6.63% | $5,962 |
| Alcova Mortgage LLC | 1 | 5.88% | $10,418 |
| UNITED | 1 | 6.88% | $5,695 |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 1 | 6.13% | $13,008 |
| Blue Ridge Bank | 1 | 6.25% | $5,959 |
| GUILD MORTGAGE COMPANY | 1 | 6.63% | $9,147 |
The top Mount Airy USDA lender as defined by loan originations is Renasant Bank, with
15 USDA loans originated. Their average total fees are
$5,699, which is $30
higher than the next largest lender,
AMERICAN FINANCIAL RESOURCES, INC..
The lowest fee Mount Airy USDA lenders (with over 10 loans originated) are
Renasant Bank ($5,699), .
The lowest rate Mount Airy USDA lenders (with over 10 loans originated) are
Renasant Bank (6.63%), .