Myrtle Beach USDA Loan Rates, Closing Costs & Stats

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

    Myrtle Beach's 35 lenders originated 63 USDA loans during 2023. The total origination value was $17,035,000, with an average USDA loan value of $270,397.

    Myrtle Beach USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Myrtle Beach averaged 6.64% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Myrtle Beach's average USDA mortgage closing costs are $5,537.

    The average rate for the prior week (2025-02-07) was 6.5% and one month ago for the week of 2025-01-10, the average rate was 6.24%.

    The average rate one year ago was 6.63%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.72%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 16 5.17% $5,346
    UNITED WHOLESALE MORTGAGE, LLC 3 5.71% $11,320
    NEWREZ LLC 3 6.04% $7,201
    INSPIRE HOME LOANS INC. 3 5.50% $6,035
    First Palmetto Bank 2 6.94% $6,726
    MORTGAGE INVESTORS GROUP, INC. 2 6.88% $8,706
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 7.00% $9,144
    CARDINAL FINANCIAL 2 5.81% $8,381
    Truist 2 5.69% $7,581
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.38% $8,708
    GUARANTEED RATE, INC. 2 5.63% $10,655
    Gateway First Bank 1 7.25% $9,523
    AMERICAN FINANCIAL NETWORK, INC. 1 6.50% $13,782
    HOMESIDE FINANCIAL, LLC 1 6.00% $3,276
    INTERCOASTAL MORTGAGE COMPANY 1 6.38% $5,967
    Ixonia Bank 1 6.13% $18,901
    LOANDEPOT.COM, LLC 1 6.63% $4,908
    Magnolia Bank 1 5.38% $9,210
    MOVEMENT MORTGAGE, LLC 1 7.00% $9,592
    Renasant Bank 1 6.13% $5,925
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.63% $6,786
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 7.25% $3,812
    The Central Trust Bank 1 6.63% $5,858
    UNION HOME MORTGAGE CORP. 1 7.13% $7,809
    GUILD MORTGAGE COMPANY 1 6.63% $5,519
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.50% $10,145
    Ameris Bank 1 6.25% $13,023
    Atlantic Coast Mortgage, LLC 1 6.25% $9,698
    Bank of England 1 6.63% $4,060
    CMG MORTGAGE, INC. 1 5.63% $9,804
    CROSSCOUNTRY MORTGAGE, LLC 1 4.75% $9,927
    EAGLE HOME MORTGAGE, LLC 1 5.99% $3,971
    EQUITY RESOURCES, INC. 1 6.00% $5,634
    FIRST COMMUNITY MORTGAGE, INC. 1 5.50% $11,867
    FREEDOM MORTGAGE CORPORATION 1 7.25% $7,577

    The top Myrtle Beach USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 16 USDA loans originated. Their average total fees are $5,346, which is $5,974 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. ($5,346), .

    The lowest rate Myrtle Beach USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.17%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Myrtle Beach (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 $227,590 (8.4%) $283,889 (6.9%) 0.91 4,764
    2018-02-01 $229,250 (8.4%) $283,511 (6.3%) 0.90 4,881
    2018-03-01 $228,990 (5.5%) $284,602 (5.5%) 0.87 5,069
    2018-04-01 $229,900 (4.6%) $288,173 (5.0%) 0.85 5,043
    2018-05-01 $231,551 (5.3%) $290,191 (4.8%) 0.84 4,991
    2018-06-01 $237,900 (6.5%) $294,509 (3.9%) 0.87 4,944
    2018-07-01 $239,266 (6.9%) $295,438 (5.0%) 0.87 4,844
    2018-08-01 $234,950 (4.4%) $291,054 (2.1%) 0.87 4,890
    2018-09-01 $234,900 (4.4%) $291,255 (2.1%) 0.87 4,828
    2018-10-01 $232,995 (3.6%) $289,287 (1.9%) 0.85 4,897
    2018-11-01 $233,978 (3.5%) $290,403 (2.1%) 0.85 4,890
    2018-12-01 $234,800 (3.9%) $289,535 (1.7%) 0.86 4,847
    2019-01-01 $234,775 (3.2%) $288,989 (1.8%) 0.87 4,842
    2019-02-01 $235,445 (2.7%) $294,498 (3.9%) 0.85 4,993
    2019-03-01 $236,162 (3.1%) $297,343 (4.5%) 0.84 5,096
    2019-04-01 $237,635 (3.4%) $301,281 (4.6%) 0.83 5,156
    2019-05-01 $239,950 (3.6%) $304,499 (4.9%) 0.83 5,096
    2019-06-01 $239,900 (0.8%) $302,562 (2.7%) 0.82 5,064
    2019-07-01 $239,611 (0.1%) $300,076 (1.6%) 0.81 5,024
    2019-08-01 $239,000 (1.7%) $300,385 (3.2%) 0.83 4,964
    2019-09-01 $239,000 (1.8%) $300,197 (3.1%) 0.85 4,937
    2019-10-01 $238,555 (2.4%) $299,271 (3.5%) 0.86 4,932
    2019-11-01 $239,900 (2.5%) $299,356 (3.1%) 0.87 4,896
    2019-12-01 $239,900 (2.2%) $297,752 (2.8%) 0.88 4,779
    2020-01-01 $236,900 (0.9%) $296,068 (2.5%) 0.87 4,639
    2020-02-01 $236,995 (0.7%) $298,133 (1.2%) 0.86 4,714
    2020-03-01 $235,633 (-0.2%) $299,217 (0.6%) 0.82 4,825
    2020-04-01 $235,000 (-1.1%) $294,525 (-2.2%) 0.81 5,070
    2020-05-01 $238,550 (-0.6%) $299,472 (-1.7%) 0.80 4,895
    2020-06-01 $239,684 (-0.1%) $301,861 (-0.2%) 0.78 4,442
    2020-07-01 $239,900 (0.1%) $302,703 (0.9%) 0.76 4,238
    2020-08-01 $239,900 (0.4%) $302,976 (0.9%) 0.75 4,180
    2020-09-01 $239,950 (0.4%) $302,844 (0.9%) 0.75 3,944
    2020-10-01 $241,550 (1.3%) $303,496 (1.4%) 0.75 3,754
    2020-11-01 $244,950 (2.1%) $305,282 (2.0%) 0.77 3,515
    2020-12-01 $243,150 (1.4%) $299,843 (0.7%) 0.77 3,436
    2021-01-01 $243,070 (2.6%) $297,149 (0.4%) 0.78 3,169
    2021-02-01 $244,950 (3.4%) $301,600 (1.2%) 0.77 2,713
    2021-03-01 $255,618 (8.5%) $314,713 (5.2%) 0.77 2,282
    2021-04-01 $265,912 (13.2%) $338,944 (15.1%) 0.79 1,882
    2021-05-01 $279,900 (17.3%) $364,320 (21.7%) 0.83 1,507
    2021-06-01 $297,500 (24.1%) $390,441 (29.3%) 0.87 1,338
    2021-07-01 $326,470 (36.1%) $409,458 (35.3%) 0.95 1,411
    2021-08-01 $334,750 (39.5%) $411,692 (35.9%) 0.96 1,582
    2021-09-01 $337,450 (40.6%) $416,507 (37.5%) 0.95 1,648
    2021-10-01 $350,000 (44.9%) $433,793 (42.9%) 0.98 1,690
    2021-11-01 $356,568 (45.6%) $440,202 (44.2%) 0.98 1,645
    2021-12-01 $359,500 (47.9%) $441,774 (47.3%) 1.00 1,397
    2022-01-01 $359,900 (48.1%) $444,663 (49.6%) 1.01 1,312
    2022-02-01 $377,731 (54.2%) $471,025 (56.2%) 1.03 1,006
    2022-03-01 $397,000 (55.3%) $481,767 (53.1%) 1.00 1,002
    2022-04-01 $383,295 (44.1%) $477,631 (40.9%) 0.95 1,175
    2022-05-01 $374,950 (34.0%) $469,951 (29.0%) 0.89 1,624
    2022-06-01 $367,450 (23.5%) $463,349 (18.7%) 0.87 2,049
    2022-07-01 $358,900 (9.9%) $447,229 (9.2%) 0.86 2,538
    2022-08-01 $359,088 (7.3%) $440,603 (7.0%) 0.88 2,795
    2022-09-01 $358,925 (6.4%) $436,868 (4.9%) 0.89 2,991
    2022-10-01 $353,858 (1.1%) $432,779 (-0.2%) 0.89 3,205
    2022-11-01 $349,937 (-1.9%) $428,439 (-2.7%) 0.90 3,412
    2022-12-01 $349,900 (-2.7%) $423,621 (-4.1%) 0.90 3,441
    2023-01-01 $349,450 (-2.9%) $422,320 (-5.0%) 0.90 3,274
    2023-02-01 $349,945 (-7.4%) $425,843 (-9.6%) 0.88 3,040
    2023-03-01 $349,995 (-11.8%) $426,932 (-11.4%) 0.86 2,925
    2023-04-01 $349,973 (-8.7%) $431,956 (-9.6%) 0.85 2,908
    2023-05-01 $349,900 (-6.7%) $422,414 (-10.1%) 0.83 3,045
    2023-06-01 $349,448 (-4.9%) $420,008 (-9.4%) 0.82 3,126
    2023-07-01 $339,900 (-5.3%) $413,348 (-7.6%) 0.82 3,214
    2023-08-01 $336,450 (-6.3%) $408,535 (-7.3%) 0.82 3,362
    2023-09-01 $329,900 (-8.1%) $403,676 (-7.6%) 0.81 3,451
    2023-10-01 $329,697 (-6.8%) $402,675 (-7.0%) 0.82 3,642
    2023-11-01 $329,000 (-6.0%) $401,748 (-6.2%) 0.83 3,847
    2023-12-01 $325,078 (-7.1%) $400,269 (-5.5%) 0.85 3,961
    2024-01-01 $325,000 (-7.0%) $399,078 (-5.5%) 0.84 4,095
    2024-02-01 $324,900 (-7.2%) $396,496 (-6.9%) 0.83 4,281
    2024-03-01 $324,900 (-7.2%) $396,356 (-7.2%) 0.82 4,508
    2024-04-01 $324,900 (-7.2%) $396,971 (-8.1%) 0.80 4,726
    2024-05-01 $324,900 (-7.1%) $400,522 (-5.2%) 0.78 4,955
    2024-06-01 $322,000 (-7.9%) $400,053 (-4.8%) 0.77 5,052
    2024-07-01 $324,900 (-4.4%) $402,045 (-2.7%) 0.78 5,126
    2024-08-01 $322,998 (-4.0%) $401,582 (-1.7%) 0.79 5,164
    2024-09-01 $320,495 (-2.9%) $399,535 (-1.0%) 0.80 5,316
    2024-10-01 $319,995 (-2.9%) $400,202 (-0.6%) 0.80 5,389
    2024-11-01 $319,900 (-2.8%) $400,823 (-0.2%) 0.82 5,507
    2024-12-01 $319,900 (-1.6%) $402,357 (0.5%) 0.84 5,232
    2025-01-01 $320,990 (-1.2%) $407,032 (2.0%) 0.00 5,155
    Myrtle Beach's median listing price for 2025-01-01 was $320,990, a difference of $-4,010 (-1.2%) versus the prior year and $1,090 versus the prior month.

    Myrtle Beach's median listing price comes in at 0% of the national average.

    Myrtle Beach's average listing price for 2025-01-01 was $407,032, a difference of $7,954 (2.0%) versus the prior year and $4,675 versus the prior month.

    For the 2025-01-01 period, Myrtle Beach had 5,155 MLS listings, a difference of -77 listings (-1%) versus the prior month and 1,060 listings (26%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Myrtle Beach (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 99 days 1,601 sqft
    2018-02-01 94 days 1,601 sqft
    2018-03-01 75 days 1,601 sqft
    2018-04-01 73 days 1,601 sqft
    2018-05-01 73 days 1,601 sqft
    2018-06-01 79 days 1,601 sqft
    2018-07-01 85 days 1,601 sqft
    2018-08-01 82 days 1,601 sqft
    2018-09-01 87 days 1,601 sqft
    2018-10-01 91 days 1,551 sqft
    2018-11-01 95 days 1,551 sqft
    2018-12-01 102 days 1,551 sqft
    2019-01-01 94 days 1,501 sqft
    2019-02-01 89 days 1,526 sqft
    2019-03-01 79 days 1,380 sqft
    2019-04-01 74 days 1,174 sqft
    2019-05-01 76 days 1,151 sqft
    2019-06-01 81 days 1,151 sqft
    2019-07-01 82 days 1,201 sqft
    2019-08-01 84 days 1,215 sqft
    2019-09-01 84 days 1,235 sqft
    2019-10-01 85 days 1,251 sqft
    2019-11-01 86 days 1,301 sqft
    2019-12-01 90 days 1,401 sqft
    2020-01-01 96 days 1,450 sqft
    2020-02-01 93 days 1,550 sqft
    2020-03-01 71 days 1,550 sqft
    2020-04-01 76 days 1,539 sqft
    2020-05-01 86 days 1,550 sqft
    2020-06-01 92 days 1,550 sqft
    2020-07-01 77 days 1,536 sqft
    2020-08-01 68 days 1,520 sqft
    2020-09-01 68 days 1,504 sqft
    2020-10-01 68 days 1,500 sqft
    2020-11-01 68 days 1,500 sqft
    2020-12-01 72 days 1,479 sqft
    2021-01-01 75 days 1,465 sqft
    2021-02-01 73 days 1,405 sqft
    2021-03-01 56 days 1,403 sqft
    2021-04-01 52 days 1,491 sqft
    2021-05-01 46 days 1,500 sqft
    2021-06-01 41 days 1,509 sqft
    2021-07-01 37 days 1,600 sqft
    2021-08-01 35 days 1,653 sqft
    2021-09-01 39 days 1,671 sqft
    2021-10-01 41 days 1,774 sqft
    2021-11-01 44 days 1,774 sqft
    2021-12-01 57 days 1,779 sqft
    2022-01-01 64 days 1,788 sqft
    2022-02-01 48 days 1,764 sqft
    2022-03-01 37 days 1,766 sqft
    2022-04-01 29 days 1,705 sqft
    2022-05-01 26 days 1,641 sqft
    2022-06-01 32 days 1,618 sqft
    2022-07-01 39 days 1,600 sqft
    2022-08-01 45 days 1,609 sqft
    2022-09-01 52 days 1,618 sqft
    2022-10-01 58 days 1,639 sqft
    2022-11-01 65 days 1,639 sqft
    2022-12-01 67 days 1,653 sqft
    2023-01-01 77 days 1,645 sqft
    2023-02-01 79 days 1,656 sqft
    2023-03-01 62 days 1,677 sqft
    2023-04-01 53 days 1,665 sqft
    2023-05-01 51 days 1,634 sqft
    2023-06-01 51 days 1,618 sqft
    2023-07-01 55 days 1,554 sqft
    2023-08-01 55 days 1,524 sqft
    2023-09-01 55 days 1,500 sqft
    2023-10-01 57 days 1,477 sqft
    2023-11-01 59 days 1,477 sqft
    2023-12-01 66 days 1,468 sqft
    2024-01-01 72 days 1,455 sqft
    2024-02-01 62 days 1,441 sqft
    2024-03-01 57 days 1,437 sqft
    2024-04-01 59 days 1,438 sqft
    2024-05-01 59 days 1,439 sqft
    2024-06-01 65 days 1,450 sqft
    2024-07-01 71 days 1,462 sqft
    2024-08-01 74 days 1,456 sqft
    2024-09-01 74 days 1,452 sqft
    2024-10-01 74 days 1,448 sqft
    2024-11-01 78 days 1,442 sqft
    2024-12-01 82 days 1,439 sqft
    2025-01-01 0 days 1,437 sqft
    Myrtle Beach's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Myrtle Beach's median square footage for active listings during the 2025-01-01 period was 1,437 sqft. One year prior, the average listing was 1,455 sqft.