Roanoke Rapids USDA Loan Rates, Closing Costs & Stats

Roanoke Rapids, 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.

    Roanoke Rapids's 1 lenders originated 4 USDA loans during 2023. The total origination value was $540,000, with an average USDA loan value of $135,000.

    Roanoke Rapids USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Roanoke Rapids averaged 6.93% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Roanoke Rapids's average USDA mortgage closing costs are $4,854.

    The average rate for the prior week (2024-04-12) was 6.68% and one month ago for the week of 2024-03-15, the average rate was 6.67%.

    The average rate one year ago was 6.2%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

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

    Roanoke Rapids 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 Roanoke Rapids level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Paramount Residential Mortgage Group, Inc. 3 6.29% $5,648

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Roanoke Rapids (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 $149,925 (0.0%) $236,266 (-3.9%) 0.00 265
    2018-02-01 $153,950 (-12.4%) $242,547 (-4.9%) 0.00 267
    2018-03-01 $169,900 (-8.4%) $246,321 (-5.7%) 0.00 283
    2018-04-01 $180,550 (-2.4%) $262,551 (-1.4%) 0.00 285
    2018-05-01 $167,450 (-13.0%) $261,191 (-2.8%) 0.00 293
    2018-06-01 $165,000 (-5.0%) $249,377 (-2.1%) 0.00 286
    2018-07-01 $156,700 (-2.5%) $245,790 (1.2%) 0.00 282
    2018-08-01 $147,425 (-15.8%) $235,040 (-7.3%) 0.00 280
    2018-09-01 $139,900 (-21.8%) $224,663 (-12.5%) 0.00 293
    2018-10-01 $139,900 (-21.4%) $223,370 (-9.7%) 0.00 274
    2018-11-01 $136,225 (-24.3%) $220,026 (-13.0%) 0.00 264
    2018-12-01 $129,900 (-27.4%) $204,059 (-19.2%) 0.00 263
    2019-01-01 $134,975 (-10.0%) $218,162 (-7.7%) 0.00 259
    2019-02-01 $137,250 (-10.9%) $228,884 (-5.6%) 0.00 265
    2019-03-01 $152,571 (-10.2%) $237,452 (-3.6%) 0.00 265
    2019-04-01 $168,750 (-6.5%) $247,543 (-5.7%) 0.00 264
    2019-05-01 $185,350 (10.7%) $275,915 (5.6%) 0.00 262
    2019-06-01 $205,000 (24.2%) $292,361 (17.2%) 0.00 250
    2019-07-01 $199,675 (27.4%) $280,084 (14.0%) 0.00 236
    2019-08-01 $194,118 (31.7%) $272,285 (15.9%) 0.00 227
    2019-09-01 $186,120 (33.0%) $265,238 (18.1%) 0.00 224
    2019-10-01 $180,789 (29.2%) $260,235 (16.5%) 0.00 224
    2019-11-01 $188,500 (38.4%) $268,578 (22.1%) 0.00 227
    2019-12-01 $188,625 (45.2%) $270,115 (32.4%) 0.00 226
    2020-01-01 $188,875 (39.9%) $264,260 (21.1%) 0.00 209
    2020-02-01 $189,000 (37.7%) $273,705 (19.6%) 0.00 193
    2020-03-01 $186,000 (21.9%) $280,383 (18.1%) 0.00 203
    2020-04-01 $179,500 (6.4%) $280,381 (13.3%) 0.00 193
    2020-05-01 $179,000 (-3.4%) $268,493 (-2.7%) 0.00 169
    2020-06-01 $168,575 (-17.8%) $269,787 (-7.7%) 0.00 157
    2020-07-01 $175,000 (-12.4%) $268,576 (-4.1%) 0.00 150
    2020-08-01 $169,700 (-12.6%) $277,767 (2.0%) 0.00 140
    2020-09-01 $169,250 (-9.1%) $310,451 (17.1%) 0.00 139
    2020-10-01 $150,000 (-17.0%) $297,267 (14.2%) 0.00 133
    2020-11-01 $132,200 (-29.9%) $280,018 (4.3%) 0.00 149
    2020-12-01 $146,975 (-22.1%) $291,310 (7.9%) 0.00 128
    2021-01-01 $149,900 (-20.6%) $289,741 (9.6%) 0.00 123
    2021-02-01 $149,783 (-20.8%) $286,600 (4.7%) 0.00 105
    2021-03-01 $152,191 (-18.2%) $301,862 (7.7%) 0.00 88
    2021-04-01 $152,450 (-15.1%) $306,829 (9.4%) 0.00 80
    2021-05-01 $210,000 (17.3%) $335,753 (25.1%) 0.00 74
    2021-06-01 $217,500 (29.0%) $361,206 (33.9%) 0.00 73
    2021-07-01 $224,950 (28.5%) $343,205 (27.8%) 0.00 79
    2021-08-01 $230,475 (35.8%) $336,017 (21.0%) 0.00 74
    2021-09-01 $220,000 (30.0%) $316,727 (2.0%) 0.00 72
    2021-10-01 $199,000 (32.7%) $317,058 (6.7%) 0.00 67
    2021-11-01 $203,725 (54.1%) $379,391 (35.5%) 0.00 76
    2021-12-01 $188,725 (28.4%) $404,403 (38.8%) 0.00 66
    2022-01-01 $192,450 (28.4%) $387,997 (33.9%) 0.00 65
    2022-02-01 $196,750 (31.4%) $348,670 (21.7%) 0.00 61
    2022-03-01 $224,900 (47.8%) $407,704 (35.1%) 0.00 62
    2022-04-01 $236,000 (54.8%) $401,567 (30.9%) 0.00 72
    2022-05-01 $255,250 (21.6%) $447,797 (33.4%) 0.00 79
    2022-06-01 $299,500 (37.7%) $483,889 (34.0%) 0.00 83
    2022-07-01 $289,500 (28.7%) $471,946 (37.5%) 0.00 99
    2022-08-01 $247,000 (7.2%) $421,283 (25.4%) 0.00 112
    2022-09-01 $238,725 (8.5%) $392,414 (23.9%) 0.00 105
    2022-10-01 $249,950 (25.6%) $390,411 (23.1%) 0.00 105
    2022-11-01 $257,500 (26.4%) $413,673 (9.0%) 0.00 96
    2022-12-01 $270,999 (43.6%) $408,931 (1.1%) 0.00 90
    2023-01-01 $270,999 (40.8%) $401,451 (3.5%) 0.00 86
    2023-02-01 $249,675 (26.9%) $425,949 (22.2%) 0.00 84
    2023-03-01 $199,498 (-11.3%) $314,518 (-22.9%) 0.00 83
    2023-04-01 $212,900 (-9.8%) $353,709 (-11.9%) 0.00 83
    2023-05-01 $230,000 (-9.9%) $326,607 (-27.1%) 0.00 97
    2023-06-01 $249,675 (-16.6%) $390,581 (-19.3%) 0.00 100
    2023-07-01 $214,000 (-26.1%) $354,574 (-24.9%) 0.00 97
    2023-08-01 $199,000 (-19.4%) $332,557 (-21.1%) 0.00 106
    2023-09-01 $183,900 (-23.0%) $312,044 (-20.5%) 0.00 96
    2023-10-01 $220,250 (-11.9%) $386,340 (-1.0%) 0.00 107
    2023-11-01 $220,000 (-14.6%) $385,202 (-6.9%) 0.00 102
    2023-12-01 $215,000 (-20.7%) $360,421 (-11.9%) 0.00 103
    2024-01-01 $199,675 (-26.3%) $355,300 (-11.5%) 0.00 97
    2024-02-01 $199,250 (-20.2%) $328,902 (-22.8%) 0.00 96
    2024-03-01 $209,450 (5.0%) $392,241 (24.7%) 0.00 97
    Roanoke Rapids's median listing price for 2024-03-01 was $209,450, a difference of $9,952 (5.0%) versus the prior year and $10,200 versus the prior month.

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

    Roanoke Rapids's average listing price for 2024-03-01 was $392,241, a difference of $77,723 (24.7%) versus the prior year and $63,339 versus the prior month.

    For the 2024-03-01 period, Roanoke Rapids had 97 MLS listings, a difference of 1 listings (1%) versus the prior month and 14 listings (17%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Roanoke Rapids (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,762 sqft
    2018-02-01 0 days 1,795 sqft
    2018-03-01 0 days 1,885 sqft
    2018-04-01 0 days 1,937 sqft
    2018-05-01 0 days 1,849 sqft
    2018-06-01 0 days 1,823 sqft
    2018-07-01 0 days 1,825 sqft
    2018-08-01 0 days 1,823 sqft
    2018-09-01 0 days 1,820 sqft
    2018-10-01 0 days 1,823 sqft
    2018-11-01 0 days 1,822 sqft
    2018-12-01 0 days 1,745 sqft
    2019-01-01 0 days 1,765 sqft
    2019-02-01 0 days 1,748 sqft
    2019-03-01 0 days 1,755 sqft
    2019-04-01 0 days 1,768 sqft
    2019-05-01 0 days 1,831 sqft
    2019-06-01 0 days 1,932 sqft
    2019-07-01 0 days 1,868 sqft
    2019-08-01 0 days 1,823 sqft
    2019-09-01 0 days 1,823 sqft
    2019-10-01 0 days 1,823 sqft
    2019-11-01 0 days 1,823 sqft
    2019-12-01 0 days 1,823 sqft
    2020-01-01 0 days 1,823 sqft
    2020-02-01 0 days 1,823 sqft
    2020-03-01 0 days 1,823 sqft
    2020-04-01 0 days 1,823 sqft
    2020-05-01 0 days 1,806 sqft
    2020-06-01 0 days 1,823 sqft
    2020-07-01 0 days 1,823 sqft
    2020-08-01 0 days 1,809 sqft
    2020-09-01 0 days 1,728 sqft
    2020-10-01 0 days 1,693 sqft
    2020-11-01 0 days 1,567 sqft
    2020-12-01 0 days 1,568 sqft
    2021-01-01 0 days 1,792 sqft
    2021-02-01 0 days 1,754 sqft
    2021-03-01 0 days 1,786 sqft
    2021-04-01 0 days 1,605 sqft
    2021-05-01 0 days 1,823 sqft
    2021-06-01 0 days 2,152 sqft
    2021-07-01 0 days 1,929 sqft
    2021-08-01 0 days 1,873 sqft
    2021-09-01 0 days 1,801 sqft
    2021-10-01 0 days 1,764 sqft
    2021-11-01 0 days 1,856 sqft
    2021-12-01 0 days 1,877 sqft
    2022-01-01 0 days 1,796 sqft
    2022-02-01 0 days 1,826 sqft
    2022-03-01 0 days 1,916 sqft
    2022-04-01 0 days 1,963 sqft
    2022-05-01 0 days 2,035 sqft
    2022-06-01 0 days 2,330 sqft
    2022-07-01 0 days 2,242 sqft
    2022-08-01 0 days 2,167 sqft
    2022-09-01 0 days 1,873 sqft
    2022-10-01 0 days 1,800 sqft
    2022-11-01 0 days 2,033 sqft
    2022-12-01 0 days 2,280 sqft
    2023-01-01 0 days 2,346 sqft
    2023-02-01 0 days 2,177 sqft
    2023-03-01 0 days 1,913 sqft
    2023-04-01 0 days 1,738 sqft
    2023-05-01 0 days 1,748 sqft
    2023-06-01 0 days 1,854 sqft
    2023-07-01 0 days 1,775 sqft
    2023-08-01 0 days 1,783 sqft
    2023-09-01 0 days 1,800 sqft
    2023-10-01 0 days 1,969 sqft
    2023-11-01 0 days 1,815 sqft
    2023-12-01 0 days 1,756 sqft
    2024-01-01 0 days 1,789 sqft
    2024-02-01 0 days 1,731 sqft
    2024-03-01 0 days 1,680 sqft
    Roanoke Rapids's median listing age (time on market) for 2024-03-01 was 0 days.

    Roanoke Rapids's median square footage for active listings during the 2024-03-01 period was 1,680 sqft. One year prior, the average listing was 1,913 sqft.