New Bern USDA Loan Rates, Closing Costs & Stats

NEW BERN, 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.

New Bern's 9 lenders originated 14 USDA loans during 2022. The total origination value was $3,010,000, with an average USDA loan value of $215,000.

New Bern USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in New Bern averaged 6.2% for the week of 2024-02-16, compared to the national average (all USDA variants) of 6.685% for the same period.

New Bern's average USDA mortgage closing costs are $4,660.

The average rate for the prior week (2024-02-09) was 5.84% and one month ago for the week of 2024-01-12, the average rate was 6.06%.

The average rate one year ago was 5.79%.

For refis of the same type during the week of 2024-02-16, the average rate was 4.86%.

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

New Bern 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 New Bern level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
GUARANTEED RATE, INC. 3 4.67% $7,069
MOVEMENT MORTGAGE, LLC 3 4.75% $7,924
UNION HOME MORTGAGE CORP. 2 4.81% $6,665
INTERCOASTAL MORTGAGE COMPANY 1 2.88% $4,582
American Security Mortgage Corp. 1 3.25% $5,524
NFM, INC. 1 4.88% $8,785
SECURITYNATIONAL MORTGAGE COMPANY 1 3.00% $6,255
Truist 1 3.75% $5,262
Alpha Mortgage Corporation 1 6.13% $7,023

The top New Bern USDA lender as defined by loan originations is GUARANTEED RATE, INC., with 3 USDA loans originated. Their average total fees are $7,069, which is $855 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

The lowest fee New Bern USDA lenders (with over 10 loans originated) are .

The lowest rate New Bern USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - New Bern (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 $194,925 (6.2%) $246,422 (3.1%) 0.00 758
2018-02-01 $192,700 (-2.4%) $242,828 (-2.6%) 0.00 748
2018-03-01 $195,900 (-5.1%) $249,954 (-1.6%) 0.00 750
2018-04-01 $198,725 (-3.8%) $255,124 (-0.7%) 0.00 791
2018-05-01 $198,475 (-4.4%) $252,696 (-3.7%) 0.00 831
2018-06-01 $200,000 (-4.1%) $256,215 (-2.8%) 0.00 837
2018-07-01 $208,850 (2.4%) $254,440 (-3.2%) 0.00 819
2018-08-01 $207,450 (1.2%) $256,363 (-3.4%) 0.00 810
2018-09-01 $206,250 (3.1%) $256,815 (-2.9%) 0.00 749
2018-10-01 $209,875 (3.9%) $260,439 (-3.7%) 0.00 582
2018-11-01 $214,100 (7.6%) $261,450 (2.4%) 0.00 535
2018-12-01 $218,250 (11.9%) $262,666 (6.3%) 0.00 498
2019-01-01 $223,380 (14.6%) $262,544 (6.5%) 0.00 454
2019-02-01 $229,088 (18.9%) $274,253 (12.9%) 0.00 456
2019-03-01 $232,657 (18.8%) $281,231 (12.5%) 0.00 520
2019-04-01 $236,908 (19.2%) $286,539 (12.3%) 0.00 566
2019-05-01 $242,705 (22.3%) $294,889 (16.7%) 0.00 598
2019-06-01 $242,610 (21.3%) $293,590 (14.6%) 0.00 670
2019-07-01 $239,950 (14.9%) $292,142 (14.8%) 0.00 718
2019-08-01 $237,173 (14.3%) $288,121 (12.4%) 0.00 737
2019-09-01 $233,082 (13.0%) $284,637 (10.8%) 0.00 738
2019-10-01 $230,400 (9.8%) $283,346 (8.8%) 0.00 733
2019-11-01 $229,900 (7.4%) $284,877 (9.0%) 0.00 740
2019-12-01 $225,000 (3.1%) $284,987 (8.5%) 0.00 716
2020-01-01 $225,000 (0.7%) $284,623 (8.4%) 0.00 688
2020-02-01 $229,900 (0.4%) $289,513 (5.6%) 0.00 675
2020-03-01 $235,000 (1.0%) $297,217 (5.7%) 0.00 658
2020-04-01 $236,625 (-0.1%) $294,566 (2.8%) 0.00 675
2020-05-01 $241,900 (-0.3%) $305,849 (3.7%) 0.00 628
2020-06-01 $249,400 (2.8%) $317,873 (8.3%) 0.00 565
2020-07-01 $246,300 (2.7%) $319,337 (9.3%) 0.00 530
2020-08-01 $248,850 (4.9%) $320,702 (11.3%) 0.00 461
2020-09-01 $249,000 (6.8%) $329,249 (15.7%) 0.00 405
2020-10-01 $245,000 (6.3%) $331,698 (17.1%) 0.00 398
2020-11-01 $247,000 (7.4%) $335,307 (17.7%) 0.00 391
2020-12-01 $239,000 (6.2%) $326,890 (14.7%) 0.00 361
2021-01-01 $239,890 (6.6%) $329,185 (15.7%) 0.00 313
2021-02-01 $257,438 (12.0%) $346,731 (19.8%) 0.00 292
2021-03-01 $257,700 (9.7%) $334,155 (12.4%) 0.00 278
2021-04-01 $264,760 (11.9%) $332,957 (13.0%) 0.00 268
2021-05-01 $280,900 (16.1%) $352,412 (15.2%) 0.00 259
2021-06-01 $280,400 (12.4%) $346,973 (9.2%) 0.00 253
2021-07-01 $273,450 (11.0%) $341,497 (6.9%) 0.00 271
2021-08-01 $275,450 (10.7%) $343,858 (7.2%) 0.00 276
2021-09-01 $273,368 (9.8%) $350,128 (6.3%) 0.00 251
2021-10-01 $289,925 (18.3%) $370,371 (11.7%) 0.00 253
2021-11-01 $299,225 (21.1%) $389,577 (16.2%) 0.00 232
2021-12-01 $310,000 (29.7%) $398,072 (21.8%) 0.00 219
2022-01-01 $307,500 (28.2%) $409,097 (24.3%) 0.00 192
2022-02-01 $314,233 (22.1%) $405,665 (17.0%) 0.00 158
2022-03-01 $317,500 (23.2%) $420,079 (25.7%) 0.00 140
2022-04-01 $311,000 (17.5%) $420,612 (26.3%) 0.00 145
2022-05-01 $325,000 (15.7%) $419,810 (19.1%) 0.00 170
2022-06-01 $325,225 (16.0%) $422,196 (21.7%) 0.00 200
2022-07-01 $329,950 (20.7%) $421,787 (23.5%) 0.00 255
2022-08-01 $334,025 (21.3%) $405,819 (18.0%) 0.00 249
2022-09-01 $335,500 (22.7%) $410,582 (17.3%) 0.00 245
2022-10-01 $330,990 (14.2%) $406,553 (9.8%) 0.00 256
2022-11-01 $329,595 (10.2%) $417,244 (7.1%) 0.00 260
2022-12-01 $325,450 (5.0%) $406,299 (2.1%) 0.00 248
2023-01-01 $325,450 (5.8%) $404,534 (-1.1%) 0.00 242
2023-02-01 $338,500 (7.7%) $413,078 (1.8%) 0.00 227
2023-03-01 $347,060 (9.3%) $410,914 (-2.2%) 0.00 209
2023-04-01 $359,750 (15.7%) $430,049 (2.2%) 0.00 223
2023-05-01 $362,498 (11.5%) $429,311 (2.3%) 0.00 281
2023-06-01 $369,648 (13.7%) $427,730 (1.3%) 0.00 339
2023-07-01 $355,000 (7.6%) $418,094 (-0.9%) 0.00 328
2023-08-01 $359,888 (7.7%) $424,160 (4.5%) 0.00 340
2023-09-01 $362,700 (8.1%) $424,926 (3.5%) 0.00 339
2023-10-01 $369,450 (11.6%) $420,569 (3.5%) 0.00 383
2023-11-01 $365,123 (10.8%) $422,084 (1.2%) 0.00 440
2023-12-01 $356,000 (9.4%) $405,863 (-0.1%) 0.00 443
New Bern's median listing price for 2023-12-01 was $356,000, a difference of $30,550 (9.4%) versus the prior year and $-9,123 versus the prior month.

New Bern's median listing price comes in at 0% of the national average.

New Bern's average listing price for 2023-12-01 was $405,863, a difference of $-436 (-0.1%) versus the prior year and $-16,221 versus the prior month.

For the 2023-12-01 period, New Bern had 443 MLS listings, a difference of 3 listings (1%) versus the prior month and 195 listings (79%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - New Bern (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,888 sqft
2018-02-01 0 days 1,869 sqft
2018-03-01 0 days 1,865 sqft
2018-04-01 0 days 1,850 sqft
2018-05-01 0 days 1,854 sqft
2018-06-01 0 days 1,836 sqft
2018-07-01 0 days 1,838 sqft
2018-08-01 0 days 1,834 sqft
2018-09-01 0 days 1,836 sqft
2018-10-01 0 days 1,855 sqft
2018-11-01 0 days 1,900 sqft
2018-12-01 0 days 1,902 sqft
2019-01-01 0 days 1,906 sqft
2019-02-01 0 days 1,945 sqft
2019-03-01 0 days 1,955 sqft
2019-04-01 0 days 1,942 sqft
2019-05-01 0 days 1,980 sqft
2019-06-01 0 days 1,990 sqft
2019-07-01 0 days 1,961 sqft
2019-08-01 0 days 1,941 sqft
2019-09-01 0 days 1,948 sqft
2019-10-01 0 days 1,952 sqft
2019-11-01 0 days 1,950 sqft
2019-12-01 0 days 1,933 sqft
2020-01-01 0 days 1,913 sqft
2020-02-01 0 days 1,928 sqft
2020-03-01 0 days 1,940 sqft
2020-04-01 0 days 1,940 sqft
2020-05-01 0 days 1,950 sqft
2020-06-01 0 days 1,999 sqft
2020-07-01 0 days 1,937 sqft
2020-08-01 0 days 1,919 sqft
2020-09-01 0 days 1,948 sqft
2020-10-01 0 days 1,955 sqft
2020-11-01 0 days 1,908 sqft
2020-12-01 0 days 1,835 sqft
2021-01-01 0 days 1,815 sqft
2021-02-01 0 days 1,873 sqft
2021-03-01 0 days 1,902 sqft
2021-04-01 0 days 1,892 sqft
2021-05-01 0 days 1,917 sqft
2021-06-01 0 days 1,915 sqft
2021-07-01 0 days 1,900 sqft
2021-08-01 0 days 1,885 sqft
2021-09-01 0 days 1,847 sqft
2021-10-01 0 days 1,886 sqft
2021-11-01 0 days 1,925 sqft
2021-12-01 0 days 1,980 sqft
2022-01-01 0 days 1,936 sqft
2022-02-01 0 days 1,922 sqft
2022-03-01 0 days 1,927 sqft
2022-04-01 0 days 1,877 sqft
2022-05-01 0 days 1,956 sqft
2022-06-01 0 days 1,955 sqft
2022-07-01 0 days 1,975 sqft
2022-08-01 0 days 1,937 sqft
2022-09-01 0 days 1,986 sqft
2022-10-01 0 days 1,968 sqft
2022-11-01 0 days 1,944 sqft
2022-12-01 0 days 1,936 sqft
2023-01-01 0 days 1,904 sqft
2023-02-01 0 days 1,917 sqft
2023-03-01 0 days 1,933 sqft
2023-04-01 0 days 1,978 sqft
2023-05-01 0 days 1,972 sqft
2023-06-01 0 days 2,006 sqft
2023-07-01 0 days 1,987 sqft
2023-08-01 0 days 1,972 sqft
2023-09-01 0 days 2,000 sqft
2023-10-01 0 days 1,984 sqft
2023-11-01 0 days 1,982 sqft
2023-12-01 0 days 1,927 sqft
New Bern's median listing age (time on market) for 2023-12-01 was 0 days.

New Bern's median square footage for active listings during the 2023-12-01 period was 1,927 sqft. One year prior, the average listing was 1,936 sqft.