Orangeburg USDA Loan Rates, Closing Costs & Stats
Orangeburg, 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.
Orangeburg's 14 lenders originated 24 USDA loans during 2023. The total origination value was $4,700,000, with an average USDA loan value of $195,833.
Orangeburg USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Orangeburg
averaged
6.95%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Orangeburg's average USDA mortgage closing costs are $5,050.
The average rate for the prior week (2024-04-12) was
6.8% and
one month ago for the week of 2024-03-15, the
average rate was 6.58%.
The average rate one year ago was 6.12%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.86%.
Orangeburg 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 Orangeburg level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| TOWNE MORTGAGE COMPANY | 4 | 6.12% | $6,483 |
| Ameris Bank | 3 | 6.54% | $9,293 |
| NORWICH COMMERCIAL GROUP, INC. | 3 | 7.50% | $4,895 |
| GUILD MORTGAGE COMPANY | 2 | 6.69% | $10,393 |
| First Palmetto Bank | 2 | 6.63% | $7,750 |
| MIDLAND MORTGAGE CORPORATION | 1 | 7.13% | $3,789 |
| MOVEMENT MORTGAGE, LLC | 1 | 7.25% | $7,653 |
| CARDINAL FINANCIAL | 1 | 5.25% | $16,840 |
| Paramount Residential Mortgage Group, Inc. | 1 | 7.50% | $6,552 |
| Renasant Bank | 1 | 6.88% | $4,452 |
| SOUTHPOINT FINANCIAL SERVICES, INC. | 1 | 7.75% | $10,582 |
| THRIVE MORTGAGE, LLC | 1 | 5.63% | $13,188 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.63% | $9,326 |
| GUARANTEED RATE, INC. | 1 | 6.25% | $7,209 |
The top Orangeburg USDA lender as defined by loan originations is TOWNE MORTGAGE COMPANY, with
4 USDA loans originated. Their average total fees are
$6,483, which is $2,810
lower than the next largest lender,
Ameris Bank.
The lowest fee Orangeburg USDA lenders (with over 10 loans originated) are
.
The lowest rate Orangeburg USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Orangeburg (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 | $131,900 (-5.7%) | $174,128 (1.5%) | 0.00 | 341 |
| 2018-02-01 | $135,575 (-0.5%) | $181,484 (6.6%) | 0.00 | 345 |
| 2018-03-01 | $139,250 (4.1%) | $184,764 (8.8%) | 0.00 | 349 |
| 2018-04-01 | $138,625 (2.8%) | $186,375 (8.4%) | 0.00 | 366 |
| 2018-05-01 | $139,575 (0.8%) | $189,532 (6.7%) | 0.00 | 360 |
| 2018-06-01 | $139,900 (1.6%) | $190,540 (6.4%) | 0.00 | 362 |
| 2018-07-01 | $139,900 (0.0%) | $188,679 (6.2%) | 0.00 | 379 |
| 2018-08-01 | $147,718 (10.5%) | $192,120 (14.2%) | 0.00 | 387 |
| 2018-09-01 | $148,995 (11.2%) | $192,559 (13.2%) | 0.00 | 393 |
| 2018-10-01 | $146,450 (12.4%) | $189,314 (13.9%) | 0.00 | 389 |
| 2018-11-01 | $145,225 (11.3%) | $194,601 (15.4%) | 0.00 | 387 |
| 2018-12-01 | $142,500 (8.8%) | $190,409 (13.3%) | 0.00 | 374 |
| 2019-01-01 | $146,173 (10.8%) | $194,834 (11.9%) | 0.00 | 346 |
| 2019-02-01 | $149,700 (10.4%) | $198,464 (9.4%) | 0.00 | 344 |
| 2019-03-01 | $157,000 (12.8%) | $204,329 (10.6%) | 0.00 | 358 |
| 2019-04-01 | $163,750 (18.1%) | $209,543 (12.4%) | 0.00 | 370 |
| 2019-05-01 | $159,800 (14.5%) | $207,088 (9.3%) | 0.00 | 375 |
| 2019-06-01 | $159,900 (14.3%) | $203,806 (7.0%) | 0.00 | 365 |
| 2019-07-01 | $160,950 (15.1%) | $206,626 (9.5%) | 0.00 | 358 |
| 2019-08-01 | $167,632 (13.5%) | $211,162 (9.9%) | 0.00 | 339 |
| 2019-09-01 | $168,655 (13.2%) | $212,727 (10.5%) | 0.00 | 319 |
| 2019-10-01 | $169,675 (15.9%) | $215,061 (13.6%) | 0.00 | 303 |
| 2019-11-01 | $196,500 (35.3%) | $235,877 (21.2%) | 0.00 | 228 |
| 2019-12-01 | $177,475 (24.5%) | $233,145 (22.4%) | 0.00 | 230 |
| 2020-01-01 | $169,800 (16.2%) | $228,470 (17.3%) | 0.00 | 213 |
| 2020-02-01 | $159,900 (6.8%) | $217,760 (9.7%) | 0.00 | 205 |
| 2020-03-01 | $152,000 (-3.2%) | $208,753 (2.2%) | 0.00 | 202 |
| 2020-04-01 | $152,000 (-7.2%) | $212,067 (1.2%) | 0.00 | 193 |
| 2020-05-01 | $177,000 (10.8%) | $237,178 (14.5%) | 0.00 | 177 |
| 2020-06-01 | $167,125 (4.5%) | $252,478 (23.9%) | 0.00 | 159 |
| 2020-07-01 | $199,000 (23.6%) | $273,742 (32.5%) | 0.00 | 151 |
| 2020-08-01 | $199,900 (19.3%) | $274,751 (30.1%) | 0.00 | 144 |
| 2020-09-01 | $199,900 (18.5%) | $259,905 (22.2%) | 0.00 | 139 |
| 2020-10-01 | $194,500 (14.6%) | $264,317 (22.9%) | 0.00 | 129 |
| 2020-11-01 | $161,725 (-17.7%) | $232,768 (-1.3%) | 0.00 | 154 |
| 2020-12-01 | $170,425 (-4.0%) | $240,201 (3.0%) | 0.00 | 129 |
| 2021-01-01 | $175,000 (3.1%) | $228,913 (0.2%) | 0.00 | 112 |
| 2021-02-01 | $159,900 (0.0%) | $226,961 (4.2%) | 0.00 | 114 |
| 2021-03-01 | $161,125 (6.0%) | $235,545 (12.8%) | 0.00 | 99 |
| 2021-04-01 | $180,000 (18.4%) | $271,915 (28.2%) | 0.00 | 96 |
| 2021-05-01 | $175,000 (-1.1%) | $317,748 (34.0%) | 0.00 | 80 |
| 2021-06-01 | $175,850 (5.2%) | $295,290 (17.0%) | 0.00 | 84 |
| 2021-07-01 | $222,000 (11.6%) | $308,977 (12.9%) | 0.00 | 89 |
| 2021-08-01 | $172,450 (-13.7%) | $299,165 (8.9%) | 0.00 | 91 |
| 2021-09-01 | $176,225 (-11.8%) | $295,410 (13.7%) | 0.00 | 100 |
| 2021-10-01 | $225,000 (15.7%) | $309,220 (17.0%) | 0.00 | 112 |
| 2021-11-01 | $239,900 (48.3%) | $311,951 (34.0%) | 0.00 | 107 |
| 2021-12-01 | $238,825 (40.1%) | $301,358 (25.5%) | 0.00 | 108 |
| 2022-01-01 | $231,250 (32.1%) | $279,745 (22.2%) | 0.00 | 102 |
| 2022-02-01 | $236,798 (48.1%) | $272,562 (20.1%) | 0.00 | 93 |
| 2022-03-01 | $237,125 (47.2%) | $271,778 (15.4%) | 0.00 | 77 |
| 2022-04-01 | $238,500 (32.5%) | $259,933 (-4.4%) | 0.00 | 81 |
| 2022-05-01 | $273,100 (56.1%) | $279,842 (-11.9%) | 0.00 | 89 |
| 2022-06-01 | $310,000 (76.3%) | $306,578 (3.8%) | 0.00 | 99 |
| 2022-07-01 | $326,900 (47.3%) | $308,209 (-0.3%) | 0.00 | 130 |
| 2022-08-01 | $318,473 (84.7%) | $308,917 (3.3%) | 0.00 | 122 |
| 2022-09-01 | $326,650 (85.4%) | $325,277 (10.1%) | 0.00 | 124 |
| 2022-10-01 | $314,900 (40.0%) | $330,064 (6.7%) | 0.00 | 134 |
| 2022-11-01 | $304,950 (27.1%) | $337,875 (8.3%) | 0.00 | 120 |
| 2022-12-01 | $296,450 (24.1%) | $321,936 (6.8%) | 0.00 | 130 |
| 2023-01-01 | $304,175 (31.5%) | $324,258 (15.9%) | 0.00 | 130 |
| 2023-02-01 | $269,750 (13.9%) | $297,968 (9.3%) | 0.00 | 133 |
| 2023-03-01 | $272,475 (14.9%) | $290,854 (7.0%) | 0.00 | 145 |
| 2023-04-01 | $275,000 (15.3%) | $271,316 (4.4%) | 0.00 | 147 |
| 2023-05-01 | $249,000 (-8.8%) | $256,734 (-8.3%) | 0.00 | 168 |
| 2023-06-01 | $254,450 (-17.9%) | $266,414 (-13.1%) | 0.00 | 146 |
| 2023-07-01 | $274,900 (-15.9%) | $283,509 (-8.0%) | 0.00 | 139 |
| 2023-08-01 | $267,198 (-16.1%) | $288,989 (-6.5%) | 0.00 | 145 |
| 2023-09-01 | $250,000 (-23.5%) | $271,642 (-16.5%) | 0.00 | 145 |
| 2023-10-01 | $259,925 (-17.5%) | $293,088 (-11.2%) | 0.00 | 140 |
| 2023-11-01 | $263,450 (-13.6%) | $289,401 (-14.4%) | 0.00 | 158 |
| 2023-12-01 | $279,900 (-5.6%) | $300,727 (-6.6%) | 0.00 | 177 |
| 2024-01-01 | $269,525 (-11.4%) | $299,950 (-7.5%) | 0.00 | 172 |
| 2024-02-01 | $265,949 (-1.4%) | $303,963 (2.0%) | 0.00 | 186 |
| 2024-03-01 | $275,000 (0.9%) | $325,597 (12.0%) | 0.00 | 201 |
Orangeburg's median listing price comes in at 0% of the national average.
Orangeburg's average listing price for 2024-03-01 was $325,597, a difference of $34,743 (12.0%) versus the prior year and $21,634 versus the prior month.
For the 2024-03-01 period, Orangeburg had 201 MLS listings, a difference of 15 listings (8%) versus the prior month and 56 listings (39%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Orangeburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,805 sqft |
| 2018-02-01 | 0 days | 1,839 sqft |
| 2018-03-01 | 0 days | 1,830 sqft |
| 2018-04-01 | 0 days | 1,852 sqft |
| 2018-05-01 | 0 days | 1,865 sqft |
| 2018-06-01 | 0 days | 1,920 sqft |
| 2018-07-01 | 0 days | 1,814 sqft |
| 2018-08-01 | 0 days | 1,808 sqft |
| 2018-09-01 | 0 days | 1,800 sqft |
| 2018-10-01 | 0 days | 1,783 sqft |
| 2018-11-01 | 0 days | 1,769 sqft |
| 2018-12-01 | 0 days | 1,740 sqft |
| 2019-01-01 | 0 days | 1,732 sqft |
| 2019-02-01 | 0 days | 1,805 sqft |
| 2019-03-01 | 0 days | 1,812 sqft |
| 2019-04-01 | 0 days | 1,808 sqft |
| 2019-05-01 | 0 days | 1,793 sqft |
| 2019-06-01 | 0 days | 1,781 sqft |
| 2019-07-01 | 0 days | 1,824 sqft |
| 2019-08-01 | 0 days | 1,825 sqft |
| 2019-09-01 | 0 days | 1,835 sqft |
| 2019-10-01 | 0 days | 1,847 sqft |
| 2019-11-01 | 0 days | 1,960 sqft |
| 2019-12-01 | 0 days | 1,955 sqft |
| 2020-01-01 | 0 days | 1,860 sqft |
| 2020-02-01 | 0 days | 1,853 sqft |
| 2020-03-01 | 0 days | 1,853 sqft |
| 2020-04-01 | 0 days | 1,868 sqft |
| 2020-05-01 | 0 days | 1,900 sqft |
| 2020-06-01 | 0 days | 1,912 sqft |
| 2020-07-01 | 0 days | 2,012 sqft |
| 2020-08-01 | 0 days | 2,150 sqft |
| 2020-09-01 | 0 days | 2,098 sqft |
| 2020-10-01 | 0 days | 2,095 sqft |
| 2020-11-01 | 0 days | 1,994 sqft |
| 2020-12-01 | 0 days | 1,901 sqft |
| 2021-01-01 | 0 days | 1,850 sqft |
| 2021-02-01 | 0 days | 1,810 sqft |
| 2021-03-01 | 0 days | 1,807 sqft |
| 2021-04-01 | 0 days | 1,862 sqft |
| 2021-05-01 | 0 days | 2,002 sqft |
| 2021-06-01 | 0 days | 1,941 sqft |
| 2021-07-01 | 0 days | 1,905 sqft |
| 2021-08-01 | 0 days | 1,748 sqft |
| 2021-09-01 | 0 days | 1,779 sqft |
| 2021-10-01 | 0 days | 1,905 sqft |
| 2021-11-01 | 0 days | 1,959 sqft |
| 2021-12-01 | 0 days | 1,920 sqft |
| 2022-01-01 | 0 days | 2,000 sqft |
| 2022-02-01 | 0 days | 2,005 sqft |
| 2022-03-01 | 0 days | 1,952 sqft |
| 2022-04-01 | 0 days | 1,919 sqft |
| 2022-05-01 | 0 days | 2,073 sqft |
| 2022-06-01 | 0 days | 2,179 sqft |
| 2022-07-01 | 0 days | 2,150 sqft |
| 2022-08-01 | 0 days | 2,149 sqft |
| 2022-09-01 | 0 days | 2,121 sqft |
| 2022-10-01 | 0 days | 2,109 sqft |
| 2022-11-01 | 0 days | 2,141 sqft |
| 2022-12-01 | 0 days | 2,095 sqft |
| 2023-01-01 | 0 days | 2,010 sqft |
| 2023-02-01 | 0 days | 1,934 sqft |
| 2023-03-01 | 0 days | 1,952 sqft |
| 2023-04-01 | 0 days | 1,932 sqft |
| 2023-05-01 | 0 days | 1,906 sqft |
| 2023-06-01 | 0 days | 1,929 sqft |
| 2023-07-01 | 0 days | 2,000 sqft |
| 2023-08-01 | 0 days | 1,997 sqft |
| 2023-09-01 | 0 days | 1,908 sqft |
| 2023-10-01 | 0 days | 1,924 sqft |
| 2023-11-01 | 0 days | 1,770 sqft |
| 2023-12-01 | 0 days | 1,774 sqft |
| 2024-01-01 | 0 days | 1,773 sqft |
| 2024-02-01 | 0 days | 1,773 sqft |
| 2024-03-01 | 0 days | 1,774 sqft |
Orangeburg's median square footage for active listings during the 2024-03-01 period was 1,774 sqft. One year prior, the average listing was 1,952 sqft.