New Bern USDA Loan Rates, Closing Costs & Stats

NEW BERN, 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.

    New Bern's 6 lenders originated 10 USDA loans during 2023. The total origination value was $1,870,000, with an average USDA loan value of $187,000.

    New Bern USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in New Bern averaged 6.87% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    New Bern's average USDA mortgage closing costs are $4,788.

    The average rate for the prior week (2024-04-12) was 6.52% and one month ago for the week of 2024-03-15, the average rate was 6.21%.

    The average rate one year ago was 6.25%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.86%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.25% $8,221
    GUARANTEED RATE, INC. 2 6.75% $9,855
    First-Citizens Bank & Trust Company 1 6.88% $6,430
    GoPrime Mortgage, Inc. 1 5.99% $5,775
    MOVEMENT MORTGAGE, LLC 1 7.25% $5,463
    PLAZA HOME MORTGAGE, INC. 1 5.75% $3,686

    The top New Bern USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 3 USDA loans originated. Their average total fees are $8,221, which is $1,634 lower than the next largest lender, GUARANTEED RATE, INC..

    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
    2024-01-01 $359,725 (10.5%) $425,438 (5.2%) 0.00 442
    2024-02-01 $355,950 (5.2%) $420,125 (1.7%) 0.00 431
    2024-03-01 $354,460 (2.1%) $426,693 (3.8%) 0.00 432
    New Bern's median listing price for 2024-03-01 was $354,460, a difference of $7,400 (2.1%) versus the prior year and $-1,490 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 2024-03-01 was $426,693, a difference of $15,779 (3.8%) versus the prior year and $6,568 versus the prior month.

    For the 2024-03-01 period, New Bern had 432 MLS listings, a difference of 1 listings (0%) versus the prior month and 223 listings (107%) 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
    2024-01-01 0 days 1,911 sqft
    2024-02-01 0 days 1,918 sqft
    2024-03-01 0 days 1,941 sqft
    New Bern's median listing age (time on market) for 2024-03-01 was 0 days.

    New Bern's median square footage for active listings during the 2024-03-01 period was 1,941 sqft. One year prior, the average listing was 1,933 sqft.