Newberry USDA Loan Rates, Closing Costs & Stats

Newberry, SC

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 6.55% for the week of 2024-07-12, compared to the national average (all USDA variants) of 6.672% for the same period.

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

The average rate for the prior week (2024-07-05) was 6.51% and one month ago for the week of 2024-06-07, the average rate was 6.58%.

The average rate one year ago was 6.86%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.57%.

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
Newberry's median listing price for 2024-06-01 was $339,900, a difference of $-16,850 (-4.7%) versus the prior year and $-14,902 versus the prior month.

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

Newberry's average listing price for 2024-06-01 was $534,747, a difference of $76,245 (16.6%) versus the prior year and $-12,320 versus the prior month.

For the 2024-06-01 period, Newberry had 86 MLS listings, a difference of 10 listings (13%) versus the prior month and 45 listings (110%) 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
Newberry's median listing age (time on market) for 2024-06-01 was 0 days.

Newberry's median square footage for active listings during the 2024-06-01 period was 2,018 sqft. One year prior, the average listing was 2,150 sqft.