Newberry USDA Loan Rates, Closing Costs & Stats

Newberry, SC

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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.

    Newberry's 7 lenders originated 10 USDA loans during 2023. The total origination value was $1,730,000, with an average USDA loan value of $173,000.

    Newberry USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Newberry averaged 0.08% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Newberry's average USDA mortgage closing costs are $4,934.

    The average rate for the prior week (2024-11-08) was 6.23% and one month ago for the week of 2024-10-11, the average rate was 6.29%.

    The average rate one year ago was 7.22%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.2%.

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

    Newberry 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 Newberry level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 3 6.63% $6,147
    DHI MORTGAGE COMPANY, LTD. 1 5.25% $5,518
    First Community Bank 1 7.13% $5,387
    CARDINAL FINANCIAL 1 6.00% $8,384
    LEADERONE FINANCIAL CORPORATION 1 6.25% $11,488
    MOVEMENT MORTGAGE, LLC 1 7.25% $5,528
    GUARANTEED RATE, INC. 1 6.88% $4,559

    The top Newberry USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 3 USDA loans originated. Their average total fees are $6,147, which is $629 higher than the next largest lender, DHI MORTGAGE COMPANY, LTD..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Newberry (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 $159,450 (-0.2%) $213,676 (-12.2%) 0.00 139
    2018-02-01 $161,450 (8.0%) $214,346 (-3.3%) 0.00 129
    2018-03-01 $176,250 (21.6%) $235,991 (7.6%) 0.00 116
    2018-04-01 $234,000 (56.0%) $258,935 (10.8%) 0.00 107
    2018-05-01 $236,500 (32.9%) $260,339 (5.1%) 0.00 91
    2018-06-01 $199,900 (12.8%) $256,734 (0.7%) 0.00 102
    2018-07-01 $195,700 (8.8%) $238,935 (-1.8%) 0.00 115
    2018-08-01 $237,450 (37.9%) $261,611 (12.1%) 0.00 108
    2018-09-01 $229,900 (27.8%) $250,899 (5.1%) 0.00 103
    2018-10-01 $209,475 (19.7%) $251,663 (9.4%) 0.00 101
    2018-11-01 $223,475 (27.7%) $246,556 (11.9%) 0.00 93
    2018-12-01 $225,000 (30.5%) $245,314 (13.0%) 0.00 95
    2019-01-01 $219,000 (37.4%) $242,047 (13.3%) 0.00 88
    2019-02-01 $220,375 (36.5%) $246,760 (15.1%) 0.00 86
    2019-03-01 $236,000 (33.9%) $266,512 (12.9%) 0.00 87
    2019-04-01 $250,125 (6.9%) $290,021 (12.0%) 0.00 86
    2019-05-01 $217,200 (-8.2%) $278,520 (7.0%) 0.00 91
    2019-06-01 $195,400 (-2.3%) $259,142 (0.9%) 0.00 86
    2019-07-01 $193,100 (-1.3%) $251,170 (5.1%) 0.00 88
    2019-08-01 $194,405 (-18.1%) $247,283 (-5.5%) 0.00 95
    2019-09-01 $190,211 (-17.3%) $242,552 (-3.3%) 0.00 96
    2019-10-01 $187,416 (-10.5%) $239,398 (-4.9%) 0.00 93
    2019-11-01 $184,999 (-17.2%) $246,932 (0.2%) 0.00 93
    2019-12-01 $187,450 (-16.7%) $246,651 (0.6%) 0.00 95
    2020-01-01 $198,450 (-9.4%) $258,781 (6.9%) 0.00 82
    2020-02-01 $199,900 (-9.3%) $272,399 (10.4%) 0.00 86
    2020-03-01 $208,408 (-11.7%) $275,522 (3.4%) 0.00 84
    2020-04-01 $211,380 (-15.5%) $284,288 (-2.0%) 0.00 85
    2020-05-01 $229,950 (5.9%) $302,857 (8.7%) 0.00 81
    2020-06-01 $224,424 (14.9%) $299,861 (15.7%) 0.00 63
    2020-07-01 $223,427 (15.7%) $295,016 (17.5%) 0.00 59
    2020-08-01 $219,900 (13.1%) $276,975 (12.0%) 0.00 48
    2020-09-01 $198,625 (4.4%) $239,626 (-1.2%) 0.00 47
    2020-10-01 $192,500 (2.7%) $246,698 (3.1%) 0.00 41
    2020-11-01 $207,450 (12.1%) $253,676 (2.7%) 0.00 36
    2020-12-01 $235,000 (25.4%) $295,374 (19.8%) 0.00 44
    2021-01-01 $223,500 (12.6%) $269,204 (4.0%) 0.00 36
    2021-02-01 $233,750 (16.9%) $278,941 (2.4%) 0.00 42
    2021-03-01 $249,913 (19.9%) $305,775 (11.0%) 0.00 33
    2021-04-01 $249,000 (17.8%) $303,252 (6.7%) 0.00 22
    2021-05-01 $256,375 (11.5%) $303,944 (0.4%) 0.00 21
    2021-06-01 $187,500 (-16.5%) $327,635 (9.3%) 0.00 28
    2021-07-01 $275,000 (23.1%) $367,964 (24.7%) 0.00 29
    2021-08-01 $257,875 (17.3%) $374,764 (35.3%) 0.00 37
    2021-09-01 $306,875 (54.5%) $427,215 (78.3%) 0.00 43
    2021-10-01 $295,000 (53.3%) $376,227 (52.5%) 0.00 42
    2021-11-01 $300,975 (45.1%) $447,394 (76.4%) 0.00 37
    2021-12-01 $300,750 (28.0%) $436,155 (47.7%) 0.00 30
    2022-01-01 $274,950 (23.0%) $430,329 (59.9%) 0.00 26
    2022-02-01 $245,500 (5.0%) $423,765 (51.9%) 0.00 17
    2022-03-01 $300,165 (20.1%) $486,032 (59.0%) 0.00 21
    2022-04-01 $302,940 (21.7%) $464,355 (53.1%) 0.00 36
    2022-05-01 $308,740 (20.4%) $497,143 (63.6%) 0.00 47
    2022-06-01 $309,065 (64.8%) $432,643 (32.1%) 0.00 58
    2022-07-01 $306,490 (11.5%) $431,245 (17.2%) 0.00 68
    2022-08-01 $310,165 (20.3%) $421,836 (12.6%) 0.00 62
    2022-09-01 $310,000 (1.0%) $414,530 (-3.0%) 0.00 59
    2022-10-01 $304,390 (3.2%) $392,733 (4.4%) 0.00 68
    2022-11-01 $299,950 (-0.3%) $369,466 (-17.4%) 0.00 74
    2022-12-01 $289,900 (-3.6%) $364,707 (-16.4%) 0.00 73
    2023-01-01 $297,145 (8.1%) $374,444 (-13.0%) 0.00 59
    2023-02-01 $285,018 (16.1%) $338,327 (-20.2%) 0.00 56
    2023-03-01 $276,500 (-7.9%) $359,934 (-25.9%) 0.00 56
    2023-04-01 $305,000 (0.7%) $437,500 (-5.8%) 0.00 64
    2023-05-01 $401,000 (29.9%) $472,371 (-5.0%) 0.00 48
    2023-06-01 $356,750 (15.4%) $458,502 (6.0%) 0.00 41
    2023-07-01 $375,000 (22.4%) $462,830 (7.3%) 0.00 39
    2023-08-01 $413,750 (33.4%) $503,140 (19.3%) 0.00 44
    2023-09-01 $349,750 (12.8%) $475,469 (14.7%) 0.00 54
    2023-10-01 $356,713 (17.2%) $496,723 (26.5%) 0.00 69
    2023-11-01 $356,549 (18.9%) $506,658 (37.1%) 0.00 67
    2023-12-01 $346,895 (19.7%) $480,324 (31.7%) 0.00 69
    2024-01-01 $339,199 (14.2%) $467,779 (24.9%) 0.00 65
    2024-02-01 $331,983 (16.5%) $482,530 (42.6%) 0.00 62
    2024-03-01 $329,950 (19.3%) $475,450 (32.1%) 0.00 62
    2024-04-01 $324,950 (6.5%) $499,652 (14.2%) 0.00 69
    2024-05-01 $354,802 (-11.5%) $547,067 (15.8%) 0.00 76
    2024-06-01 $339,900 (-4.7%) $534,747 (16.6%) 0.00 86
    2024-07-01 $310,339 (-17.2%) $453,005 (-2.1%) 0.00 93
    2024-08-01 $305,900 (-26.1%) $440,853 (-12.4%) 0.00 92
    2024-09-01 $324,950 (-7.1%) $453,522 (-4.6%) 0.00 84
    2024-10-01 $326,304 (-8.5%) $426,379 (-14.2%) 0.00 74
    Newberry's median listing price for 2024-10-01 was $326,304, a difference of $-30,409 (-8.5%) versus the prior year and $1,354 versus the prior month.

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

    Newberry's average listing price for 2024-10-01 was $426,379, a difference of $-70,344 (-14.2%) versus the prior year and $-27,143 versus the prior month.

    For the 2024-10-01 period, Newberry had 74 MLS listings, a difference of -10 listings (-12%) versus the prior month and 5 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Newberry (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,861 sqft
    2018-02-01 0 days 1,815 sqft
    2018-03-01 0 days 1,945 sqft
    2018-04-01 0 days 1,985 sqft
    2018-05-01 0 days 2,064 sqft
    2018-06-01 0 days 1,907 sqft
    2018-07-01 0 days 1,817 sqft
    2018-08-01 0 days 1,920 sqft
    2018-09-01 0 days 1,935 sqft
    2018-10-01 0 days 1,973 sqft
    2018-11-01 0 days 1,944 sqft
    2018-12-01 0 days 2,010 sqft
    2019-01-01 0 days 1,995 sqft
    2019-02-01 0 days 1,944 sqft
    2019-03-01 0 days 1,906 sqft
    2019-04-01 0 days 1,854 sqft
    2019-05-01 0 days 1,877 sqft
    2019-06-01 0 days 1,856 sqft
    2019-07-01 0 days 1,770 sqft
    2019-08-01 0 days 1,716 sqft
    2019-09-01 0 days 1,716 sqft
    2019-10-01 0 days 1,736 sqft
    2019-11-01 0 days 1,824 sqft
    2019-12-01 0 days 1,857 sqft
    2020-01-01 0 days 1,915 sqft
    2020-02-01 0 days 2,004 sqft
    2020-03-01 0 days 2,002 sqft
    2020-04-01 0 days 1,986 sqft
    2020-05-01 0 days 2,000 sqft
    2020-06-01 0 days 1,971 sqft
    2020-07-01 0 days 1,908 sqft
    2020-08-01 0 days 1,986 sqft
    2020-09-01 0 days 1,912 sqft
    2020-10-01 0 days 1,929 sqft
    2020-11-01 0 days 1,997 sqft
    2020-12-01 0 days 1,967 sqft
    2021-01-01 0 days 2,009 sqft
    2021-02-01 0 days 1,917 sqft
    2021-03-01 0 days 1,918 sqft
    2021-04-01 0 days 2,044 sqft
    2021-05-01 0 days 1,964 sqft
    2021-06-01 0 days 1,690 sqft
    2021-07-01 0 days 1,950 sqft
    2021-08-01 0 days 2,020 sqft
    2021-09-01 0 days 2,122 sqft
    2021-10-01 0 days 2,100 sqft
    2021-11-01 0 days 2,103 sqft
    2021-12-01 0 days 2,276 sqft
    2022-01-01 0 days 2,146 sqft
    2022-02-01 0 days 1,821 sqft
    2022-03-01 0 days 2,090 sqft
    2022-04-01 0 days 2,049 sqft
    2022-05-01 0 days 2,196 sqft
    2022-06-01 0 days 2,196 sqft
    2022-07-01 0 days 2,232 sqft
    2022-08-01 0 days 2,232 sqft
    2022-09-01 0 days 2,361 sqft
    2022-10-01 0 days 2,303 sqft
    2022-11-01 0 days 2,233 sqft
    2022-12-01 0 days 2,196 sqft
    2023-01-01 0 days 2,204 sqft
    2023-02-01 0 days 2,182 sqft
    2023-03-01 0 days 2,189 sqft
    2023-04-01 0 days 2,185 sqft
    2023-05-01 0 days 2,288 sqft
    2023-06-01 0 days 2,150 sqft
    2023-07-01 0 days 1,886 sqft
    2023-08-01 0 days 1,869 sqft
    2023-09-01 0 days 1,990 sqft
    2023-10-01 0 days 2,225 sqft
    2023-11-01 0 days 2,225 sqft
    2023-12-01 0 days 2,204 sqft
    2024-01-01 0 days 2,137 sqft
    2024-02-01 0 days 2,189 sqft
    2024-03-01 0 days 2,132 sqft
    2024-04-01 0 days 2,056 sqft
    2024-05-01 0 days 2,199 sqft
    2024-06-01 0 days 2,018 sqft
    2024-07-01 0 days 1,981 sqft
    2024-08-01 0 days 1,971 sqft
    2024-09-01 0 days 2,046 sqft
    2024-10-01 0 days 2,100 sqft
    Newberry's median listing age (time on market) for 2024-10-01 was 0 days.

    Newberry's median square footage for active listings during the 2024-10-01 period was 2,100 sqft. One year prior, the average listing was 2,225 sqft.