Roanoke USDA Loan Rates, Closing Costs & Stats
ROANOKE, VA
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's 18 lenders originated 47 USDA loans during 2024. The total origination value was $10,255,000, with an average USDA loan value of $218,191.
Roanoke USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Roanoke
averaged
6.81%
for the week of 2025-05-23, compared to the national average (all USDA variants) of
6.433% for the same period.
Roanoke's average USDA mortgage closing costs are $5,002.
The average rate for the prior week (2025-05-16) was
6.54% and
one month ago for the week of 2025-04-18, the
average rate was 6.83%.
The average rate one year ago was 7.19%.
For refis of the same type during the week of 2025-05-23, the average rate
was 6.69%.
Roanoke 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 level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| Alcova Mortgage LLC | 11 | 6.79% | $3,933 |
| UNION HOME MORTGAGE CORP. | 6 | 6.38% | $8,791 |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 5 | 6.40% | $8,028 |
| Atlantic Union Bank | 4 | 6.31% | $6,045 |
| GUARANTEED RATE, INC. | 3 | 6.23% | $7,669 |
| AMERICAN FINANCIAL RESOURCES, INC. | 3 | 7.29% | $6,458 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 6.12% | $10,758 |
| FREEDOM FIRST | 1 | 5.75% | $10,951 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 4.88% | $12,036 |
| Integrity Home Mortgage Corp | 1 | 6.63% | $7,284 |
| Loan Simple, Inc. | 1 | 7.25% | $12,617 |
| MASON MCDUFFIE MORTGAGE CORPORATION | 1 | 6.00% | $8,825 |
| Plains Commerce Bank | 1 | 6.13% | $12,337 |
| Prosperity Home Mortgage, LLC | 1 | 6.87% | $6,254 |
| SWBC MORTGAGE CORPORATION | 1 | 7.25% | $2,404 |
| The Federal Savings Bank | 1 | 6.00% | $7,732 |
| Equity Prime Mortgage LLC | 1 | 5.88% | $9,805 |
| C & F Mortgage Corporation | 1 | 5.99% | $5,365 |
The top Roanoke USDA lender as defined by loan originations is Alcova Mortgage LLC, with
11 USDA loans originated. Their average total fees are
$3,933, which is $4,858
lower than the next largest lender,
UNION HOME MORTGAGE CORP..
The lowest fee Roanoke USDA lenders (with over 10 loans originated) are
Alcova Mortgage LLC ($3,933), .
The lowest rate Roanoke USDA lenders (with over 10 loans originated) are
Alcova Mortgage LLC (6.79%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Roanoke (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 | $239,925 (9.2%) | $335,660 (5.7%) | 0.89 | 1,372 |
| 2018-02-01 | $248,963 (13.2%) | $336,857 (5.2%) | 0.90 | 1,371 |
| 2018-03-01 | $249,000 (10.2%) | $339,253 (3.9%) | 0.87 | 1,424 |
| 2018-04-01 | $252,475 (7.5%) | $349,694 (4.4%) | 0.86 | 1,480 |
| 2018-05-01 | $254,950 (6.4%) | $356,156 (6.0%) | 0.85 | 1,600 |
| 2018-06-01 | $264,900 (8.1%) | $369,099 (9.4%) | 0.88 | 1,580 |
| 2018-07-01 | $261,638 (6.8%) | $368,481 (8.6%) | 0.87 | 1,599 |
| 2018-08-01 | $259,950 (8.3%) | $364,393 (7.5%) | 0.87 | 1,616 |
| 2018-09-01 | $254,950 (4.1%) | $365,591 (5.9%) | 0.86 | 1,587 |
| 2018-10-01 | $249,866 (4.1%) | $355,521 (2.7%) | 0.85 | 1,575 |
| 2018-11-01 | $254,950 (9.0%) | $361,533 (8.3%) | 0.86 | 1,492 |
| 2018-12-01 | $249,250 (3.9%) | $357,917 (4.2%) | 0.86 | 1,378 |
| 2019-01-01 | $252,063 (5.1%) | $355,187 (5.8%) | 0.87 | 1,275 |
| 2019-02-01 | $256,975 (3.2%) | $361,306 (7.3%) | 0.87 | 1,235 |
| 2019-03-01 | $266,400 (7.0%) | $368,591 (8.7%) | 0.87 | 1,240 |
| 2019-04-01 | $273,925 (8.5%) | $371,965 (6.4%) | 0.87 | 1,255 |
| 2019-05-01 | $288,313 (13.1%) | $374,477 (5.1%) | 0.90 | 1,274 |
| 2019-06-01 | $285,950 (8.0%) | $369,963 (0.2%) | 0.89 | 1,309 |
| 2019-07-01 | $279,925 (7.0%) | $371,667 (0.9%) | 0.88 | 1,293 |
| 2019-08-01 | $278,564 (7.2%) | $373,628 (2.5%) | 0.88 | 1,263 |
| 2019-09-01 | $276,559 (8.5%) | $378,646 (3.6%) | 0.89 | 1,248 |
| 2019-10-01 | $275,223 (10.2%) | $380,765 (7.1%) | 0.89 | 1,237 |
| 2019-11-01 | $279,000 (9.4%) | $385,326 (6.6%) | 0.91 | 1,203 |
| 2019-12-01 | $275,825 (10.7%) | $381,314 (6.5%) | 0.92 | 1,086 |
| 2020-01-01 | $269,925 (7.1%) | $379,562 (6.9%) | 0.90 | 1,015 |
| 2020-02-01 | $276,750 (7.7%) | $391,763 (8.4%) | 0.91 | 937 |
| 2020-03-01 | $275,913 (3.6%) | $390,058 (5.8%) | 0.86 | 953 |
| 2020-04-01 | $279,950 (2.2%) | $387,847 (4.3%) | 0.88 | 986 |
| 2020-05-01 | $295,000 (2.3%) | $408,262 (9.0%) | 0.90 | 865 |
| 2020-06-01 | $307,438 (7.5%) | $419,941 (13.5%) | 0.91 | 826 |
| 2020-07-01 | $298,822 (6.8%) | $412,203 (10.9%) | 0.87 | 736 |
| 2020-08-01 | $299,700 (7.6%) | $417,516 (11.8%) | 0.86 | 680 |
| 2020-09-01 | $286,000 (3.4%) | $416,344 (10.0%) | 0.82 | 695 |
| 2020-10-01 | $274,950 (-0.1%) | $403,698 (6.0%) | 0.79 | 674 |
| 2020-11-01 | $272,473 (-2.3%) | $411,912 (6.9%) | 0.80 | 628 |
| 2020-12-01 | $268,055 (-2.8%) | $400,957 (5.2%) | 0.80 | 568 |
| 2021-01-01 | $273,700 (1.4%) | $398,276 (4.9%) | 0.82 | 485 |
| 2021-02-01 | $287,488 (3.9%) | $422,989 (8.0%) | 0.84 | 372 |
| 2021-03-01 | $296,088 (7.3%) | $429,357 (10.1%) | 0.84 | 354 |
| 2021-04-01 | $292,713 (4.6%) | $419,213 (8.1%) | 0.79 | 357 |
| 2021-05-01 | $282,950 (-4.1%) | $399,920 (-2.0%) | 0.75 | 389 |
| 2021-06-01 | $290,238 (-5.6%) | $404,853 (-3.6%) | 0.76 | 451 |
| 2021-07-01 | $289,925 (-3.0%) | $391,519 (-5.0%) | 0.77 | 494 |
| 2021-08-01 | $279,988 (-6.6%) | $395,074 (-5.4%) | 0.75 | 517 |
| 2021-09-01 | $289,950 (1.4%) | $397,248 (-4.6%) | 0.77 | 473 |
| 2021-10-01 | $292,950 (6.6%) | $406,326 (0.7%) | 0.78 | 496 |
| 2021-11-01 | $289,961 (6.4%) | $410,712 (-0.3%) | 0.78 | 446 |
| 2021-12-01 | $302,475 (12.8%) | $428,808 (7.0%) | 0.82 | 363 |
| 2022-01-01 | $317,950 (16.2%) | $439,475 (10.3%) | 0.86 | 299 |
| 2022-02-01 | $326,700 (13.6%) | $460,856 (9.0%) | 0.85 | 267 |
| 2022-03-01 | $325,065 (9.8%) | $453,828 (5.7%) | 0.81 | 259 |
| 2022-04-01 | $309,900 (5.9%) | $444,328 (6.0%) | 0.74 | 285 |
| 2022-05-01 | $349,475 (23.5%) | $483,209 (20.8%) | 0.80 | 338 |
| 2022-06-01 | $343,975 (18.5%) | $499,277 (23.3%) | 0.77 | 416 |
| 2022-07-01 | $349,450 (20.5%) | $486,365 (24.2%) | 0.79 | 452 |
| 2022-08-01 | $327,425 (16.9%) | $465,496 (17.8%) | 0.76 | 420 |
| 2022-09-01 | $343,200 (18.4%) | $469,943 (18.3%) | 0.80 | 420 |
| 2022-10-01 | $337,925 (15.4%) | $446,582 (9.9%) | 0.80 | 452 |
| 2022-11-01 | $333,738 (15.1%) | $450,234 (9.6%) | 0.80 | 459 |
| 2022-12-01 | $339,950 (12.4%) | $452,880 (5.6%) | 0.84 | 430 |
| 2023-01-01 | $348,250 (9.5%) | $478,178 (8.8%) | 0.86 | 424 |
| 2023-02-01 | $349,950 (7.1%) | $499,091 (8.3%) | 0.84 | 362 |
| 2023-03-01 | $368,950 (13.5%) | $513,623 (13.2%) | 0.87 | 340 |
| 2023-04-01 | $379,900 (22.6%) | $528,828 (19.0%) | 0.88 | 344 |
| 2023-05-01 | $385,913 (10.4%) | $540,993 (12.0%) | 0.88 | 337 |
| 2023-06-01 | $375,725 (9.2%) | $542,377 (8.6%) | 0.84 | 384 |
| 2023-07-01 | $379,450 (8.6%) | $550,109 (13.1%) | 0.86 | 428 |
| 2023-08-01 | $374,936 (14.5%) | $537,694 (15.5%) | 0.86 | 446 |
| 2023-09-01 | $365,000 (6.4%) | $518,577 (10.4%) | 0.85 | 485 |
| 2023-10-01 | $354,925 (5.0%) | $499,947 (12.0%) | 0.84 | 552 |
| 2023-11-01 | $349,494 (4.7%) | $491,644 (9.2%) | 0.83 | 553 |
| 2023-12-01 | $349,900 (2.9%) | $481,587 (6.3%) | 0.85 | 515 |
| 2024-01-01 | $342,000 (-1.8%) | $464,016 (-3.0%) | 0.84 | 487 |
| 2024-02-01 | $344,375 (-1.6%) | $467,657 (-6.3%) | 0.83 | 440 |
| 2024-03-01 | $352,450 (-4.5%) | $484,291 (-5.7%) | 0.83 | 435 |
| 2024-04-01 | $362,238 (-4.7%) | $496,522 (-6.1%) | 0.84 | 454 |
| 2024-05-01 | $374,988 (-2.8%) | $506,740 (-6.3%) | 0.85 | 505 |
| 2024-06-01 | $374,950 (-0.2%) | $504,484 (-7.0%) | 0.85 | 550 |
| 2024-07-01 | $368,450 (-2.9%) | $501,561 (-8.8%) | 0.84 | 578 |
| 2024-08-01 | $374,973 (0.0%) | $503,998 (-6.3%) | 0.87 | 619 |
| 2024-09-01 | $369,975 (1.4%) | $497,737 (-4.0%) | 0.87 | 683 |
| 2024-10-01 | $364,475 (2.7%) | $502,195 (0.5%) | 0.86 | 654 |
| 2024-11-01 | $350,000 (0.1%) | $486,410 (-1.1%) | 0.84 | 675 |
| 2024-12-01 | $349,800 (0.0%) | $477,566 (-0.8%) | 0.87 | 622 |
| 2025-01-01 | $343,975 (0.6%) | $452,928 (-2.4%) | 0.86 | 564 |
| 2025-02-01 | $342,463 (-0.6%) | $457,639 (-2.1%) | 0.83 | 573 |
| 2025-03-01 | $354,067 (0.5%) | $480,348 (-0.8%) | 0.83 | 614 |
| 2025-04-01 | $357,425 (-1.3%) | $500,887 (0.9%) | 0.83 | 684 |
Roanoke's median listing price comes in at 83% of the national average.
Roanoke's average listing price for 2025-04-01 was $500,887, a difference of $4,365 (0.9%) versus the prior year and $20,539 versus the prior month.
For the 2025-04-01 period, Roanoke had 684 MLS listings, a difference of 70 listings (11%) versus the prior month and 230 listings (51%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Roanoke (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 91 days | 2,060 sqft |
| 2018-02-01 | 84 days | 2,063 sqft |
| 2018-03-01 | 66 days | 2,110 sqft |
| 2018-04-01 | 57 days | 2,136 sqft |
| 2018-05-01 | 53 days | 2,153 sqft |
| 2018-06-01 | 60 days | 2,160 sqft |
| 2018-07-01 | 70 days | 2,151 sqft |
| 2018-08-01 | 72 days | 2,156 sqft |
| 2018-09-01 | 72 days | 2,156 sqft |
| 2018-10-01 | 74 days | 2,119 sqft |
| 2018-11-01 | 79 days | 2,125 sqft |
| 2018-12-01 | 82 days | 2,094 sqft |
| 2019-01-01 | 93 days | 2,088 sqft |
| 2019-02-01 | 95 days | 2,117 sqft |
| 2019-03-01 | 79 days | 2,148 sqft |
| 2019-04-01 | 57 days | 2,165 sqft |
| 2019-05-01 | 55 days | 2,175 sqft |
| 2019-06-01 | 61 days | 2,168 sqft |
| 2019-07-01 | 67 days | 2,156 sqft |
| 2019-08-01 | 70 days | 2,154 sqft |
| 2019-09-01 | 71 days | 2,141 sqft |
| 2019-10-01 | 72 days | 2,131 sqft |
| 2019-11-01 | 74 days | 2,142 sqft |
| 2019-12-01 | 80 days | 2,114 sqft |
| 2020-01-01 | 89 days | 2,064 sqft |
| 2020-02-01 | 81 days | 2,118 sqft |
| 2020-03-01 | 54 days | 2,132 sqft |
| 2020-04-01 | 57 days | 2,144 sqft |
| 2020-05-01 | 70 days | 2,200 sqft |
| 2020-06-01 | 61 days | 2,193 sqft |
| 2020-07-01 | 58 days | 2,160 sqft |
| 2020-08-01 | 57 days | 2,200 sqft |
| 2020-09-01 | 53 days | 2,198 sqft |
| 2020-10-01 | 55 days | 2,152 sqft |
| 2020-11-01 | 59 days | 2,175 sqft |
| 2020-12-01 | 66 days | 2,160 sqft |
| 2021-01-01 | 67 days | 2,131 sqft |
| 2021-02-01 | 64 days | 2,148 sqft |
| 2021-03-01 | 47 days | 2,092 sqft |
| 2021-04-01 | 42 days | 2,005 sqft |
| 2021-05-01 | 40 days | 2,007 sqft |
| 2021-06-01 | 40 days | 2,026 sqft |
| 2021-07-01 | 43 days | 2,006 sqft |
| 2021-08-01 | 45 days | 1,977 sqft |
| 2021-09-01 | 52 days | 2,002 sqft |
| 2021-10-01 | 49 days | 2,019 sqft |
| 2021-11-01 | 64 days | 2,006 sqft |
| 2021-12-01 | 61 days | 2,014 sqft |
| 2022-01-01 | 84 days | 2,031 sqft |
| 2022-02-01 | 64 days | 2,005 sqft |
| 2022-03-01 | 38 days | 1,942 sqft |
| 2022-04-01 | 35 days | 1,934 sqft |
| 2022-05-01 | 32 days | 2,021 sqft |
| 2022-06-01 | 34 days | 2,056 sqft |
| 2022-07-01 | 40 days | 2,031 sqft |
| 2022-08-01 | 42 days | 1,945 sqft |
| 2022-09-01 | 46 days | 1,975 sqft |
| 2022-10-01 | 40 days | 2,007 sqft |
| 2022-11-01 | 44 days | 1,960 sqft |
| 2022-12-01 | 54 days | 1,960 sqft |
| 2023-01-01 | 60 days | 2,004 sqft |
| 2023-02-01 | 63 days | 2,007 sqft |
| 2023-03-01 | 50 days | 2,044 sqft |
| 2023-04-01 | 44 days | 2,117 sqft |
| 2023-05-01 | 43 days | 2,112 sqft |
| 2023-06-01 | 42 days | 2,100 sqft |
| 2023-07-01 | 43 days | 2,087 sqft |
| 2023-08-01 | 45 days | 2,081 sqft |
| 2023-09-01 | 43 days | 1,980 sqft |
| 2023-10-01 | 45 days | 1,981 sqft |
| 2023-11-01 | 50 days | 1,982 sqft |
| 2023-12-01 | 59 days | 1,945 sqft |
| 2024-01-01 | 63 days | 1,914 sqft |
| 2024-02-01 | 61 days | 1,910 sqft |
| 2024-03-01 | 46 days | 1,908 sqft |
| 2024-04-01 | 39 days | 1,942 sqft |
| 2024-05-01 | 36 days | 1,957 sqft |
| 2024-06-01 | 43 days | 1,980 sqft |
| 2024-07-01 | 51 days | 1,991 sqft |
| 2024-08-01 | 51 days | 2,020 sqft |
| 2024-09-01 | 45 days | 2,046 sqft |
| 2024-10-01 | 53 days | 2,016 sqft |
| 2024-11-01 | 57 days | 1,970 sqft |
| 2024-12-01 | 58 days | 1,937 sqft |
| 2025-01-01 | 67 days | 1,905 sqft |
| 2025-02-01 | 66 days | 1,900 sqft |
| 2025-03-01 | 43 days | 1,936 sqft |
| 2025-04-01 | 38 days | 1,919 sqft |
Roanoke's median square footage for active listings during the 2025-04-01 period was 1,919 sqft. One year prior, the average listing was 1,942 sqft.