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
-0.33%
for the week of 2024-11-15, compared to the national average (all USDA variants) of
0% for the same period.
Roanoke Rapids's average USDA mortgage closing costs are $4,854.
The average rate for the prior week (2024-11-08) was
6.12% and
one month ago for the week of 2024-10-11, the
average rate was 5.78%.
The average rate one year ago was 7.01%.
For refis of the same type during the week of 2024-11-15, the average rate
was 0.1%.
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 |
Roanoke Rapids's median listing price comes in at 0% of the national average.
Roanoke Rapids's average listing price for 2024-10-01 was $458,381, a difference of $72,041 (18.7%) versus the prior year and $-21,567 versus the prior month.
For the 2024-10-01 period, Roanoke Rapids had 110 MLS listings, a difference of -5 listings (-4%) versus the prior month and 3 listings (3%) 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 |
Roanoke Rapids's median square footage for active listings during the 2024-10-01 period was 1,736 sqft. One year prior, the average listing was 1,969 sqft.