Mount Airy USDA Loan Rates, Closing Costs & Stats

Mount Airy, 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.

    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% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Mount Airy's average USDA mortgage closing costs are $4,709.

    The average rate for the prior week (2024-12-06) was 6.24% and one month ago for the week of 2024-11-08, the average rate was 6.15%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.4%.

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

    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
    2024-04-01 $322,400 (11.2%) $420,089 (17.6%) 0.00 90
    2024-05-01 $328,450 (16.3%) $433,452 (20.9%) 0.00 96
    2024-06-01 $300,000 (4.4%) $407,830 (12.1%) 0.00 105
    2024-07-01 $301,250 (17.2%) $408,393 (20.5%) 0.00 104
    2024-08-01 $299,900 (1.1%) $404,907 (11.8%) 0.00 115
    2024-09-01 $292,000 (-5.8%) $370,664 (-2.8%) 0.00 128
    2024-10-01 $278,000 (-7.2%) $357,191 (-7.8%) 0.00 127
    2024-11-01 $277,000 (-7.5%) $383,091 (0.1%) 0.00 115
    Mount Airy's median listing price for 2024-11-01 was $277,000, a difference of $-22,450 (-7.5%) versus the prior year and $-1,000 versus the prior month.

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

    Mount Airy's average listing price for 2024-11-01 was $383,091, a difference of $514 (0.1%) versus the prior year and $25,900 versus the prior month.

    For the 2024-11-01 period, Mount Airy had 115 MLS listings, a difference of -12 listings (-9%) versus the prior month and 14 listings (14%) 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
    2024-04-01 0 days 1,991 sqft
    2024-05-01 0 days 1,963 sqft
    2024-06-01 0 days 1,918 sqft
    2024-07-01 0 days 2,814 sqft
    2024-08-01 0 days 3,025 sqft
    2024-09-01 0 days 1,724 sqft
    2024-10-01 0 days 1,944 sqft
    2024-11-01 0 days 1,918 sqft
    Mount Airy's median listing age (time on market) for 2024-11-01 was 0 days.

    Mount Airy's median square footage for active listings during the 2024-11-01 period was 1,918 sqft. One year prior, the average listing was 1,637 sqft.