North Wilkesboro USDA Loan Rates, Closing Costs & Stats

North Wilkesboro, NC

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    North Wilkesboro's 8 lenders originated 13 USDA loans during 2023. The total origination value was $2,655,000, with an average USDA loan value of $204,231.

    North Wilkesboro USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in North Wilkesboro averaged 6.9% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    North Wilkesboro's average USDA mortgage closing costs are $4,428.

    The average rate for the prior week (2024-04-12) was 6.65% and one month ago for the week of 2024-03-15, the average rate was 6.34%.

    The average rate one year ago was 6.28%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.96%.

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

    North Wilkesboro 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 North Wilkesboro level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Alcova Mortgage LLC 5 6.73% $4,462
    T2 FINANCIAL LLC 2 6.94% $6,294
    CMG MORTGAGE, INC. 1 5.75% $7,675
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.88% $6,928
    MID AMERICA MORTGAGE, INC. 1 7.13% $6,927
    MOVEMENT MORTGAGE, LLC 1 6.25% $7,899
    Truist 1 5.25% $6,871
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.75% $11,755

    The top North Wilkesboro USDA lender as defined by loan originations is Alcova Mortgage LLC, with 5 USDA loans originated. Their average total fees are $4,462, which is $1,833 lower than the next largest lender, T2 FINANCIAL LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - North Wilkesboro (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 $229,600 (5.7%) $332,645 (5.0%) 0.00 214
    2018-02-01 $228,475 (6.9%) $329,893 (4.7%) 0.00 220
    2018-03-01 $229,450 (3.9%) $320,446 (0.6%) 0.00 220
    2018-04-01 $226,750 (0.8%) $319,581 (-2.4%) 0.00 221
    2018-05-01 $249,000 (16.0%) $336,381 (5.8%) 0.00 228
    2018-06-01 $249,950 (26.1%) $357,190 (15.5%) 0.00 240
    2018-07-01 $229,900 (15.0%) $322,208 (3.4%) 0.00 264
    2018-08-01 $219,900 (-3.6%) $300,491 (-4.1%) 0.00 280
    2018-09-01 $228,750 (0.1%) $310,616 (-1.9%) 0.00 275
    2018-10-01 $225,125 (-5.0%) $307,914 (-4.0%) 0.00 270
    2018-11-01 $206,950 (-11.7%) $304,152 (-5.6%) 0.00 254
    2018-12-01 $199,900 (-13.5%) $302,074 (-8.5%) 0.00 253
    2019-01-01 $193,450 (-15.7%) $289,974 (-12.8%) 0.00 242
    2019-02-01 $210,000 (-8.1%) $313,738 (-4.9%) 0.00 227
    2019-03-01 $232,757 (1.4%) $337,184 (5.2%) 0.00 219
    2019-04-01 $249,700 (10.1%) $364,379 (14.0%) 0.00 217
    2019-05-01 $249,900 (0.4%) $358,377 (6.5%) 0.00 221
    2019-06-01 $255,450 (2.2%) $360,506 (0.9%) 0.00 237
    2019-07-01 $250,000 (8.7%) $346,338 (7.5%) 0.00 243
    2019-08-01 $249,973 (13.7%) $347,423 (15.6%) 0.00 241
    2019-09-01 $249,932 (9.3%) $351,142 (13.1%) 0.00 237
    2019-10-01 $252,455 (12.1%) $360,619 (17.1%) 0.00 226
    2019-11-01 $259,000 (25.2%) $374,315 (23.1%) 0.00 206
    2019-12-01 $257,000 (28.6%) $373,666 (23.7%) 0.00 182
    2020-01-01 $249,225 (28.8%) $359,620 (24.0%) 0.00 170
    2020-02-01 $249,000 (18.6%) $351,821 (12.1%) 0.00 162
    2020-03-01 $287,400 (23.5%) $385,481 (14.3%) 0.00 146
    2020-04-01 $299,000 (19.7%) $391,937 (7.6%) 0.00 152
    2020-05-01 $323,200 (29.3%) $401,999 (12.2%) 0.00 131
    2020-06-01 $349,450 (36.8%) $425,487 (18.0%) 0.00 124
    2020-07-01 $349,900 (40.0%) $477,836 (38.0%) 0.00 117
    2020-08-01 $379,450 (51.8%) $497,573 (43.2%) 0.00 96
    2020-09-01 $357,175 (42.9%) $472,968 (34.7%) 0.00 97
    2020-10-01 $334,900 (32.7%) $450,068 (24.8%) 0.00 98
    2020-11-01 $353,200 (36.4%) $463,519 (23.8%) 0.00 89
    2020-12-01 $379,225 (47.6%) $473,684 (26.8%) 0.00 73
    2021-01-01 $384,900 (54.4%) $487,261 (35.5%) 0.00 63
    2021-02-01 $385,950 (55.0%) $493,629 (40.3%) 0.00 53
    2021-03-01 $386,950 (34.6%) $483,873 (25.5%) 0.00 42
    2021-04-01 $301,175 (0.7%) $370,836 (-5.4%) 0.00 50
    2021-05-01 $349,900 (8.3%) $388,552 (-3.4%) 0.00 48
    2021-06-01 $299,000 (-14.4%) $390,213 (-8.3%) 0.00 63
    2021-07-01 $299,900 (-14.3%) $412,383 (-13.7%) 0.00 64
    2021-08-01 $287,050 (-24.4%) $428,128 (-14.0%) 0.00 64
    2021-09-01 $293,200 (-17.9%) $462,220 (-2.3%) 0.00 72
    2021-10-01 $288,800 (-13.8%) $459,750 (2.2%) 0.00 78
    2021-11-01 $270,000 (-23.6%) $465,551 (0.4%) 0.00 75
    2021-12-01 $277,450 (-26.8%) $461,052 (-2.7%) 0.00 68
    2022-01-01 $279,450 (-27.4%) $460,953 (-5.4%) 0.00 53
    2022-02-01 $259,900 (-32.7%) $476,536 (-3.5%) 0.00 46
    2022-03-01 $250,425 (-35.3%) $486,932 (0.6%) 0.00 40
    2022-04-01 $294,450 (-2.2%) $517,978 (39.7%) 0.00 43
    2022-05-01 $398,475 (13.9%) $532,304 (37.0%) 0.00 58
    2022-06-01 $377,350 (26.2%) $521,863 (33.7%) 0.00 67
    2022-07-01 $345,000 (15.0%) $442,993 (7.4%) 0.00 74
    2022-08-01 $349,450 (21.7%) $452,485 (5.7%) 0.00 71
    2022-09-01 $337,000 (14.9%) $474,883 (2.7%) 0.00 69
    2022-10-01 $329,900 (14.2%) $494,628 (7.6%) 0.00 68
    2022-11-01 $343,975 (27.4%) $520,659 (11.8%) 0.00 67
    2022-12-01 $299,250 (7.9%) $505,675 (9.7%) 0.00 62
    2023-01-01 $340,495 (21.8%) $470,266 (2.0%) 0.00 49
    2023-02-01 $349,975 (34.7%) $452,499 (-5.0%) 0.00 50
    2023-03-01 $311,250 (24.3%) $430,535 (-11.6%) 0.00 49
    2023-04-01 $349,000 (18.5%) $447,006 (-13.7%) 0.00 58
    2023-05-01 $380,000 (-4.6%) $1,043,739 (96.1%) 0.00 72
    2023-06-01 $353,500 (-6.3%) $1,614,882 (209.5%) 0.00 76
    2023-07-01 $380,000 (10.1%) $1,553,502 (250.7%) 0.00 86
    2023-08-01 $364,725 (4.4%) $1,463,251 (223.4%) 0.00 90
    2023-09-01 $380,000 (12.8%) $1,601,835 (237.3%) 0.00 79
    2023-10-01 $396,500 (20.2%) $1,543,245 (212.0%) 0.00 90
    2023-11-01 $380,000 (10.5%) $1,603,022 (207.9%) 0.00 82
    2023-12-01 $380,000 (27.0%) $1,670,868 (230.4%) 0.00 79
    2024-01-01 $356,200 (4.6%) $1,663,915 (253.8%) 0.00 79
    2024-02-01 $378,500 (8.2%) $1,698,515 (275.4%) 0.00 76
    2024-03-01 $374,500 (20.3%) $1,664,598 (286.6%) 0.00 74
    North Wilkesboro's median listing price for 2024-03-01 was $374,500, a difference of $63,250 (20.3%) versus the prior year and $-4,000 versus the prior month.

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

    North Wilkesboro's average listing price for 2024-03-01 was $1,664,598, a difference of $1,234,063 (286.6%) versus the prior year and $-33,917 versus the prior month.

    For the 2024-03-01 period, North Wilkesboro had 74 MLS listings, a difference of -2 listings (-3%) versus the prior month and 25 listings (51%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - North Wilkesboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,904 sqft
    2018-02-01 0 days 1,968 sqft
    2018-03-01 0 days 1,957 sqft
    2018-04-01 0 days 1,975 sqft
    2018-05-01 0 days 2,067 sqft
    2018-06-01 0 days 2,166 sqft
    2018-07-01 0 days 2,154 sqft
    2018-08-01 0 days 2,174 sqft
    2018-09-01 0 days 2,154 sqft
    2018-10-01 0 days 2,158 sqft
    2018-11-01 0 days 2,091 sqft
    2018-12-01 0 days 2,141 sqft
    2019-01-01 0 days 2,040 sqft
    2019-02-01 0 days 2,111 sqft
    2019-03-01 0 days 2,185 sqft
    2019-04-01 0 days 2,264 sqft
    2019-05-01 0 days 2,138 sqft
    2019-06-01 0 days 2,154 sqft
    2019-07-01 0 days 2,163 sqft
    2019-08-01 0 days 2,152 sqft
    2019-09-01 0 days 2,131 sqft
    2019-10-01 0 days 2,137 sqft
    2019-11-01 0 days 2,270 sqft
    2019-12-01 0 days 2,478 sqft
    2020-01-01 0 days 2,412 sqft
    2020-02-01 0 days 2,364 sqft
    2020-03-01 0 days 2,485 sqft
    2020-04-01 0 days 2,460 sqft
    2020-05-01 0 days 2,264 sqft
    2020-06-01 0 days 2,081 sqft
    2020-07-01 0 days 2,071 sqft
    2020-08-01 0 days 2,040 sqft
    2020-09-01 0 days 2,024 sqft
    2020-10-01 0 days 2,008 sqft
    2020-11-01 0 days 2,118 sqft
    2020-12-01 0 days 2,221 sqft
    2021-01-01 0 days 2,425 sqft
    2021-02-01 0 days 2,003 sqft
    2021-03-01 0 days 2,098 sqft
    2021-04-01 0 days 1,960 sqft
    2021-05-01 0 days 1,872 sqft
    2021-06-01 0 days 1,836 sqft
    2021-07-01 0 days 1,684 sqft
    2021-08-01 0 days 1,872 sqft
    2021-09-01 0 days 2,000 sqft
    2021-10-01 0 days 1,935 sqft
    2021-11-01 0 days 2,067 sqft
    2021-12-01 0 days 2,172 sqft
    2022-01-01 0 days 2,320 sqft
    2022-02-01 0 days 2,460 sqft
    2022-03-01 0 days 2,151 sqft
    2022-04-01 0 days 2,563 sqft
    2022-05-01 0 days 2,200 sqft
    2022-06-01 0 days 2,308 sqft
    2022-07-01 0 days 2,218 sqft
    2022-08-01 0 days 2,036 sqft
    2022-09-01 0 days 1,893 sqft
    2022-10-01 0 days 2,039 sqft
    2022-11-01 0 days 2,364 sqft
    2022-12-01 0 days 1,844 sqft
    2023-01-01 0 days 1,701 sqft
    2023-02-01 0 days 1,768 sqft
    2023-03-01 0 days 1,768 sqft
    2023-04-01 0 days 1,920 sqft
    2023-05-01 0 days 1,932 sqft
    2023-06-01 0 days 2,005 sqft
    2023-07-01 0 days 2,128 sqft
    2023-08-01 0 days 2,011 sqft
    2023-09-01 0 days 2,005 sqft
    2023-10-01 0 days 2,019 sqft
    2023-11-01 0 days 2,026 sqft
    2023-12-01 0 days 2,005 sqft
    2024-01-01 0 days 2,005 sqft
    2024-02-01 0 days 2,123 sqft
    2024-03-01 0 days 2,005 sqft
    North Wilkesboro's median listing age (time on market) for 2024-03-01 was 0 days.

    North Wilkesboro's median square footage for active listings during the 2024-03-01 period was 2,005 sqft. One year prior, the average listing was 1,768 sqft.