Roanoke Rapids USDA Loan Rates, Closing Costs & Stats

Roanoke Rapids, NC

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 6.17% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

The average rate for the prior week (2024-12-06) was 6.11% and one month ago for the week of 2024-11-08, the average rate was 6.12%.

The average rate one year ago was 6.59%.

For refis of the same type during the week of 2024-12-13, the average rate was 6.2%.

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
2024-04-01 $249,500 (17.2%) $424,366 (20.0%) 0.00 107
2024-05-01 $262,450 (14.1%) $442,883 (35.6%) 0.00 111
2024-06-01 $260,000 (4.1%) $448,075 (14.7%) 0.00 117
2024-07-01 $267,350 (24.9%) $455,818 (28.6%) 0.00 117
2024-08-01 $275,000 (38.2%) $451,748 (35.8%) 0.00 115
2024-09-01 $286,975 (56.1%) $479,948 (53.8%) 0.00 115
2024-10-01 $287,625 (30.6%) $458,381 (18.7%) 0.00 110
2024-11-01 $274,750 (24.9%) $469,498 (21.9%) 0.00 120
Roanoke Rapids's median listing price for 2024-11-01 was $274,750, a difference of $54,750 (24.9%) versus the prior year and $-12,875 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 2024-11-01 was $469,498, a difference of $84,296 (21.9%) versus the prior year and $11,117 versus the prior month.

For the 2024-11-01 period, Roanoke Rapids had 120 MLS listings, a difference of 10 listings (9%) versus the prior month and 18 listings (18%) 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
2024-04-01 0 days 1,759 sqft
2024-05-01 0 days 1,736 sqft
2024-06-01 0 days 1,689 sqft
2024-07-01 0 days 1,730 sqft
2024-08-01 0 days 1,728 sqft
2024-09-01 0 days 1,781 sqft
2024-10-01 0 days 1,736 sqft
2024-11-01 0 days 1,751 sqft
Roanoke Rapids's median listing age (time on market) for 2024-11-01 was 0 days.

Roanoke Rapids's median square footage for active listings during the 2024-11-01 period was 1,751 sqft. One year prior, the average listing was 1,815 sqft.