Raleigh USDA Loan Rates, Closing Costs & Stats

RALEIGH-CARY, 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.

    Raleigh's 57 lenders originated 183 USDA loans during 2024. The total origination value was $57,725,000, with an average USDA loan value of $315,437.

    Raleigh USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Raleigh averaged 6.5% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

    Raleigh's average USDA mortgage closing costs are $5,881.

    The average rate for the prior week (2025-03-28) was 6.46% and one month ago for the week of 2025-02-28, the average rate was 6.51%.

    The average rate one year ago was 6.77%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.02%.

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

    Raleigh 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 Raleigh level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 24 6.28% $8,275
    NVR Mortgage Finance, Inc. 18 5.85% $9,254
    VANDERBILT MORTGAGE AND FINANCE, INC. 13 5.45% $13,981
    VELOCIO MORTGAGE L.L.C. 11 4.88% $7,028
    Alcova Mortgage LLC 6 6.64% $6,953
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 6 6.27% $10,458
    NFM, INC. 6 6.08% $9,453
    MOVEMENT MORTGAGE, LLC 5 6.25% $9,436
    American Security Mortgage Corp. 5 6.10% $8,107
    GUARANTEED RATE, INC. 4 6.20% $8,515
    CORNERSTONE HOME LENDING, INC. 4 5.94% $15,950
    FIRST HOME MORTGAGE CORPORATION 4 5.91% $14,811
    GUILD MORTGAGE COMPANY 4 6.31% $7,960
    SUMMIT FUNDING, INC. 4 5.87% $10,607
    Truist 4 5.53% $12,237
    PULTE MORTGAGE LLC 3 5.08% $7,282
    Towne Bank 3 5.96% $14,909
    North State Bank 3 5.92% $7,599
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.19% $8,945
    CROSSCOUNTRY MORTGAGE, LLC 2 6.31% $6,516
    First-Citizens Bank & Trust Company 2 5.88% $7,712
    UNITED WHOLESALE MORTGAGE, LLC 2 6.75% $12,524
    HOMESPIRE MORTGAGE CORPORATION 2 6.56% $5,134
    LOANDEPOT.COM, LLC 2 5.87% $5,762
    Loan Simple, Inc. 2 7.00% $13,172
    NEWREZ LLC 2 6.63% $8,913
    Presidential Bank, FSB 2 6.13% $12,568
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 5.94% $11,268
    T2 FINANCIAL LLC 2 6.13% $8,233
    TOWNE MORTGAGE COMPANY 2 6.44% $7,759
    UNION HOME MORTGAGE CORP. 2 6.25% $10,059
    United Community Bank 2 6.25% $9,316
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $5,291
    CARDINAL FINANCIAL 1 6.75% $6,651
    PLAZA HOME MORTGAGE, INC. 1 7.25% $11,864
    EQUITY RESOURCES, INC. 1 5.88% $6,628
    FBC MORTGAGE, LLC 1 5.88% $13,994
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.99% $7,422
    Prosperity Home Mortgage, LLC 1 6.49% $7,576
    GENEVA FINANCIAL, LLC 1 6.63% $13,125
    SeaTrust Mortgage Company 1 5.62% $6,819
    STOCKTON MORTGAGE CORPORATION 1 7.25% $7,772
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.50% $11,476
    BROKER SOLUTIONS, INC. 1 6.75% $11,194
    SUN WEST MORTGAGE COMPANY, INC. 1 5.75% $17,639
    EAGLE HOME MORTGAGE, LLC 1 5.75% $4,957
    The Federal Savings Bank 1 6.13% $11,392
    Capital City Home Loans, LLC 1 5.50% $9,421
    First Heritage Mortgage, LLC 1 6.75% $7,335
    Hometown Equity Mortgage, LLC 1 6.63% $7,509
    JET HOMELOANS, LLC 1 4.99% $6,298
    Equity Prime Mortgage LLC 1 5.25% $16,540
    V.I.P. MORTGAGE, INC. 1 5.99% $7,124
    CMG MORTGAGE, INC. 1 6.50% $6,257
    Tyndall Federal Credit Union 1 5.50% $7,132
    Century Mortgage Company DBA Century Lending Company 1 5.63% $17,299
    Corporate Investors Mortgage Group, Inc. 1 6.50% $7,294

    The top Raleigh USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 24 USDA loans originated. Their average total fees are $8,275, which is $979 lower than the next largest lender, NVR Mortgage Finance, Inc..

    The lowest fee Raleigh USDA lenders (with over 10 loans originated) are VELOCIO MORTGAGE L.L.C. ($7,028), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,275), NVR Mortgage Finance, Inc. ($9,254), VANDERBILT MORTGAGE AND FINANCE, INC. ($13,981) and .

    The lowest rate Raleigh USDA lenders (with over 10 loans originated) are VELOCIO MORTGAGE L.L.C. (4.88%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.45%), NVR Mortgage Finance, Inc. (5.85%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.28%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Raleigh (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 $350,639 (2.6%) $423,172 (3.3%) 1.30 4,013
    2018-02-01 $358,750 (3.3%) $427,364 (3.2%) 1.30 4,042
    2018-03-01 $368,454 (2.4%) $439,032 (2.7%) 1.29 4,254
    2018-04-01 $370,344 (0.4%) $440,454 (0.3%) 1.26 4,533
    2018-05-01 $369,945 (0.0%) $441,440 (-0.1%) 1.24 4,866
    2018-06-01 $369,000 (0.8%) $444,668 (1.8%) 1.23 4,953
    2018-07-01 $369,400 (0.9%) $447,943 (2.9%) 1.23 4,856
    2018-08-01 $369,214 (1.5%) $447,025 (3.4%) 1.24 4,946
    2018-09-01 $365,770 (0.7%) $442,064 (2.4%) 1.23 5,077
    2018-10-01 $357,771 (-0.6%) $431,461 (0.8%) 1.21 5,328
    2018-11-01 $354,950 (-1.3%) $429,709 (0.8%) 1.20 5,200
    2018-12-01 $353,815 (-0.6%) $426,176 (-0.1%) 1.22 4,951
    2019-01-01 $349,995 (-0.2%) $423,418 (0.1%) 1.21 4,666
    2019-02-01 $354,748 (-1.1%) $429,785 (0.6%) 1.20 4,626
    2019-03-01 $363,800 (-1.3%) $439,443 (0.1%) 1.19 4,640
    2019-04-01 $369,794 (-0.2%) $449,111 (2.0%) 1.17 4,762
    2019-05-01 $375,000 (1.4%) $455,636 (3.2%) 1.17 4,861
    2019-06-01 $376,250 (2.0%) $453,080 (1.9%) 1.18 4,963
    2019-07-01 $375,000 (1.5%) $451,761 (0.9%) 1.17 5,039
    2019-08-01 $371,969 (0.8%) $447,847 (0.2%) 1.18 5,120
    2019-09-01 $367,993 (0.6%) $444,312 (0.5%) 1.18 5,185
    2019-10-01 $364,645 (1.9%) $441,629 (2.4%) 1.18 5,229
    2019-11-01 $359,450 (1.3%) $439,881 (2.4%) 1.18 5,031
    2019-12-01 $359,950 (1.7%) $442,171 (3.8%) 1.20 4,565
    2020-01-01 $358,914 (2.6%) $442,183 (4.4%) 1.20 4,251
    2020-02-01 $364,500 (2.8%) $449,961 (4.7%) 1.19 4,146
    2020-03-01 $373,712 (2.7%) $461,132 (4.9%) 1.17 4,060
    2020-04-01 $364,445 (-1.5%) $451,353 (0.5%) 1.14 4,325
    2020-05-01 $370,900 (-1.1%) $465,358 (2.1%) 1.13 4,221
    2020-06-01 $381,248 (1.3%) $485,504 (7.2%) 1.12 3,602
    2020-07-01 $381,200 (1.7%) $486,439 (7.7%) 1.10 3,349
    2020-08-01 $385,000 (3.5%) $487,045 (8.8%) 1.10 3,225
    2020-09-01 $389,684 (5.9%) $493,964 (11.2%) 1.12 2,931
    2020-10-01 $389,320 (6.8%) $494,440 (12.0%) 1.12 2,887
    2020-11-01 $384,175 (6.9%) $490,890 (11.6%) 1.12 2,598
    2020-12-01 $385,774 (7.2%) $496,100 (12.2%) 1.15 2,222
    2021-01-01 $389,900 (8.6%) $506,703 (14.6%) 1.16 1,874
    2021-02-01 $395,000 (8.4%) $524,830 (16.6%) 1.15 1,484
    2021-03-01 $397,500 (6.4%) $527,992 (14.5%) 1.13 1,289
    2021-04-01 $401,826 (10.3%) $541,164 (19.9%) 1.09 1,209
    2021-05-01 $405,265 (9.3%) $550,160 (18.2%) 1.08 1,040
    2021-06-01 $409,063 (7.3%) $559,258 (15.2%) 1.08 1,049
    2021-07-01 $409,945 (7.5%) $545,236 (12.1%) 1.08 1,211
    2021-08-01 $424,873 (10.4%) $563,378 (15.7%) 1.13 1,255
    2021-09-01 $425,000 (9.1%) $554,278 (12.2%) 1.13 1,417
    2021-10-01 $425,000 (9.2%) $550,233 (11.3%) 1.13 1,470
    2021-11-01 $426,724 (11.1%) $553,227 (12.7%) 1.14 1,346
    2021-12-01 $423,320 (9.7%) $551,073 (11.1%) 1.15 1,101
    2022-01-01 $425,500 (9.1%) $567,962 (12.1%) 1.15 902
    2022-02-01 $433,157 (9.7%) $588,872 (12.2%) 1.13 658
    2022-03-01 $450,250 (13.3%) $619,421 (17.3%) 1.13 695
    2022-04-01 $478,503 (19.1%) $620,202 (14.6%) 1.14 857
    2022-05-01 $494,500 (22.0%) $608,261 (10.6%) 1.13 1,444
    2022-06-01 $499,950 (22.2%) $626,098 (12.0%) 1.11 2,116
    2022-07-01 $495,000 (20.8%) $614,669 (12.7%) 1.12 2,783
    2022-08-01 $487,450 (14.7%) $605,691 (7.5%) 1.13 3,201
    2022-09-01 $464,450 (9.3%) $580,567 (4.7%) 1.09 3,779
    2022-10-01 $455,000 (7.1%) $576,086 (4.7%) 1.07 3,955
    2022-11-01 $449,950 (5.4%) $570,728 (3.2%) 1.08 3,901
    2022-12-01 $449,000 (6.1%) $569,135 (3.3%) 1.11 3,613
    2023-01-01 $446,347 (4.9%) $573,252 (0.9%) 1.11 3,218
    2023-02-01 $449,900 (3.9%) $583,811 (-0.9%) 1.09 2,853
    2023-03-01 $450,000 (-0.1%) $597,742 (-3.5%) 1.06 2,622
    2023-04-01 $465,000 (-2.8%) $629,907 (1.6%) 1.08 2,444
    2023-05-01 $474,950 (-4.0%) $639,746 (5.2%) 1.08 2,518
    2023-06-01 $480,200 (-4.0%) $641,879 (2.5%) 1.08 2,553
    2023-07-01 $470,000 (-5.1%) $634,278 (3.2%) 1.07 2,587
    2023-08-01 $466,500 (-4.3%) $628,818 (3.8%) 1.07 2,692
    2023-09-01 $459,950 (-1.0%) $624,227 (7.5%) 1.07 2,873
    2023-10-01 $459,394 (1.0%) $621,073 (7.8%) 1.08 3,140
    2023-11-01 $452,450 (0.6%) $615,583 (7.9%) 1.08 3,234
    2023-12-01 $448,685 (-0.1%) $615,526 (8.2%) 1.09 2,975
    2024-01-01 $440,500 (-1.3%) $622,803 (8.6%) 1.08 2,668
    2024-02-01 $442,665 (-1.6%) $634,236 (8.6%) 1.07 2,664
    2024-03-01 $449,995 (0.0%) $643,840 (7.7%) 1.06 2,775
    2024-04-01 $453,383 (-2.5%) $641,496 (1.8%) 1.05 2,947
    2024-05-01 $463,524 (-2.4%) $647,003 (1.1%) 1.05 3,214
    2024-06-01 $469,900 (-2.1%) $635,917 (-0.9%) 1.07 3,569
    2024-07-01 $464,950 (-1.1%) $636,410 (0.3%) 1.06 3,888
    2024-08-01 $455,000 (-2.5%) $625,150 (-0.6%) 1.06 3,986
    2024-09-01 $454,950 (-1.1%) $626,598 (0.4%) 1.07 4,240
    2024-10-01 $454,121 (-1.2%) $623,108 (0.3%) 1.07 4,368
    2024-11-01 $449,900 (-0.6%) $612,144 (-0.6%) 1.08 4,299
    2024-12-01 $444,995 (-0.8%) $605,679 (-1.6%) 1.11 3,777
    2025-01-01 $440,000 (-0.1%) $600,433 (-3.6%) 1.10 3,528
    2025-02-01 $435,962 (-1.5%) $598,053 (-5.7%) 1.06 3,772
    2025-03-01 $445,000 (-1.1%) $608,510 (-5.5%) 0.00 4,091
    Raleigh's median listing price for 2025-03-01 was $445,000, a difference of $-4,995 (-1.1%) versus the prior year and $9,038 versus the prior month.

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

    Raleigh's average listing price for 2025-03-01 was $608,510, a difference of $-35,330 (-5.5%) versus the prior year and $10,457 versus the prior month.

    For the 2025-03-01 period, Raleigh had 4,091 MLS listings, a difference of 319 listings (8%) versus the prior month and 1,316 listings (47%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Raleigh (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 82 days 2,666 sqft
    2018-02-01 69 days 2,656 sqft
    2018-03-01 53 days 2,700 sqft
    2018-04-01 51 days 2,675 sqft
    2018-05-01 50 days 2,676 sqft
    2018-06-01 53 days 2,665 sqft
    2018-07-01 60 days 2,651 sqft
    2018-08-01 62 days 2,655 sqft
    2018-09-01 65 days 2,623 sqft
    2018-10-01 68 days 2,587 sqft
    2018-11-01 71 days 2,577 sqft
    2018-12-01 78 days 2,563 sqft
    2019-01-01 84 days 2,557 sqft
    2019-02-01 74 days 2,560 sqft
    2019-03-01 61 days 2,594 sqft
    2019-04-01 50 days 2,627 sqft
    2019-05-01 50 days 2,652 sqft
    2019-06-01 50 days 2,630 sqft
    2019-07-01 56 days 2,605 sqft
    2019-08-01 57 days 2,580 sqft
    2019-09-01 58 days 2,557 sqft
    2019-10-01 59 days 2,542 sqft
    2019-11-01 61 days 2,503 sqft
    2019-12-01 69 days 2,505 sqft
    2020-01-01 72 days 2,485 sqft
    2020-02-01 59 days 2,523 sqft
    2020-03-01 47 days 2,554 sqft
    2020-04-01 50 days 2,500 sqft
    2020-05-01 58 days 2,518 sqft
    2020-06-01 59 days 2,543 sqft
    2020-07-01 48 days 2,490 sqft
    2020-08-01 40 days 2,471 sqft
    2020-09-01 45 days 2,459 sqft
    2020-10-01 44 days 2,430 sqft
    2020-11-01 44 days 2,388 sqft
    2020-12-01 50 days 2,377 sqft
    2021-01-01 45 days 2,354 sqft
    2021-02-01 33 days 2,309 sqft
    2021-03-01 25 days 2,259 sqft
    2021-04-01 20 days 2,300 sqft
    2021-05-01 17 days 2,275 sqft
    2021-06-01 16 days 2,261 sqft
    2021-07-01 18 days 2,255 sqft
    2021-08-01 20 days 2,258 sqft
    2021-09-01 19 days 2,247 sqft
    2021-10-01 20 days 2,228 sqft
    2021-11-01 22 days 2,218 sqft
    2021-12-01 34 days 2,199 sqft
    2022-01-01 33 days 2,130 sqft
    2022-02-01 16 days 2,137 sqft
    2022-03-01 11 days 2,183 sqft
    2022-04-01 10 days 2,250 sqft
    2022-05-01 12 days 2,319 sqft
    2022-06-01 16 days 2,354 sqft
    2022-07-01 23 days 2,338 sqft
    2022-08-01 30 days 2,336 sqft
    2022-09-01 42 days 2,287 sqft
    2022-10-01 47 days 2,270 sqft
    2022-11-01 56 days 2,271 sqft
    2022-12-01 68 days 2,284 sqft
    2023-01-01 74 days 2,287 sqft
    2023-02-01 66 days 2,290 sqft
    2023-03-01 52 days 2,308 sqft
    2023-04-01 47 days 2,331 sqft
    2023-05-01 43 days 2,339 sqft
    2023-06-01 43 days 2,351 sqft
    2023-07-01 42 days 2,319 sqft
    2023-08-01 40 days 2,303 sqft
    2023-09-01 43 days 2,278 sqft
    2023-10-01 44 days 2,262 sqft
    2023-11-01 49 days 2,234 sqft
    2023-12-01 63 days 2,205 sqft
    2024-01-01 63 days 2,166 sqft
    2024-02-01 44 days 2,174 sqft
    2024-03-01 41 days 2,187 sqft
    2024-04-01 38 days 2,170 sqft
    2024-05-01 36 days 2,180 sqft
    2024-06-01 40 days 2,220 sqft
    2024-07-01 43 days 2,209 sqft
    2024-08-01 47 days 2,176 sqft
    2024-09-01 51 days 2,158 sqft
    2024-10-01 51 days 2,157 sqft
    2024-11-01 57 days 2,130 sqft
    2024-12-01 70 days 2,118 sqft
    2025-01-01 71 days 2,102 sqft
    2025-02-01 53 days 2,072 sqft
    2025-03-01 0 days 2,103 sqft
    Raleigh's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Raleigh's median square footage for active listings during the 2025-03-01 period was 2,103 sqft. One year prior, the average listing was 2,187 sqft.