Myrtle Beach USDA Loan Rates, Closing Costs & Stats

MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-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.

Myrtle Beach's 31 lenders originated 67 USDA loans during 2024. The total origination value was $17,805,000, with an average USDA loan value of $265,746.

Myrtle Beach USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Myrtle Beach averaged 0.05% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Myrtle Beach's average USDA mortgage closing costs are $5,612.

The average rate for the prior week (2025-06-13) was 6.45% and one month ago for the week of 2025-05-16, the average rate was 6.41%.

The average rate one year ago was 6.93%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.01%.

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

Myrtle Beach 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 Myrtle Beach level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
DHI MORTGAGE COMPANY, LTD. 25 5.24% $5,561
UNITED WHOLESALE MORTGAGE, LLC 4 6.29% $8,105
1ST SIGNATURE LENDING, LLC 3 6.04% $13,084
EAGLE HOME MORTGAGE, LLC 2 5.31% $13,436
Magnolia Bank 2 6.50% $8,172
FBC MORTGAGE, LLC 2 4.99% $5,679
NEWREZ LLC 2 5.88% $4,622
FIRST COMMUNITY MORTGAGE, INC. 2 6.81% $6,704
First-Citizens Bank & Trust Company 2 5.63% $7,953
Integrity Home Mortgage Corp 1 5.88% $8,471
INTERCOASTAL MORTGAGE COMPANY 1 6.13% $11,490
JET HOMELOANS, LLC 1 5.63% $13,596
MID AMERICA MORTGAGE, INC. 1 6.25% $5,570
MORTGAGE INVESTORS GROUP, INC. 1 5.63% $7,871
MOVEMENT MORTGAGE, LLC 1 6.75% $11,225
NVR Mortgage Finance, Inc. 1 6.75% $7,855
Paramount Bank 1 5.75% $11,217
Paramount Residential Mortgage Group, Inc. 1 6.88% $7,532
Prosperity Home Mortgage, LLC 1 6.49% $8,459
Truist 1 6.13% $5,535
UNION HOME MORTGAGE CORP. 1 7.00% $6,020
United Bank 1 6.25% $6,567
VELOCIO MORTGAGE L.L.C. 1 3.99% $9,917
Alcova Mortgage LLC 1 5.63% $3,159
AMERICAN FINANCIAL NETWORK, INC. 1 6.13% $12,260
CMG MORTGAGE, INC. 1 6.25% $8,506
CROSSCOUNTRY MORTGAGE, LLC 1 6.00% $3,392
DELMAR FINANCIAL COMPANY 1 6.25% $8,257
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.63% $5,626
Flagstar Bank, FSB 1 6.00% $9,352
HOMESIDE FINANCIAL, LLC 1 7.00% $6,492

The top Myrtle Beach USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 25 USDA loans originated. Their average total fees are $5,561, which is $2,544 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Myrtle Beach USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($5,561), .

The lowest rate Myrtle Beach USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.24%), .