Rockingham USDA Loan Rates, Closing Costs & Stats
Rockingham, 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.
Rockingham's 4 lenders originated 4 USDA loans during 2023. The total origination value was $710,000, with an average USDA loan value of $177,500.
Rockingham USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Rockingham
averaged
6.43%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Rockingham's average USDA mortgage closing costs are $4,711.
The average rate for the prior week (2024-04-12) was
6.48% and
one month ago for the week of 2024-03-15, the
average rate was 6.56%.
The average rate one year ago was 6.3%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.86%.
Rockingham 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 Rockingham level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| FREEDOM MORTGAGE CORPORATION | 1 | 5.88% | $8,534 |
| PLAZA HOME MORTGAGE, INC. | 1 | 6.25% | $5,139 |
| TOWNE MORTGAGE COMPANY | 1 | 6.75% | $9,770 |
| UNION HOME MORTGAGE CORP. | 1 | 7.00% | $5,523 |
The top Rockingham USDA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with
1 USDA loans originated. Their average total fees are
$8,534, which is $3,395
higher than the next largest lender,
PLAZA HOME MORTGAGE, INC..
The lowest fee Rockingham USDA lenders (with over 10 loans originated) are
.
The lowest rate Rockingham USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Rockingham (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 | $119,875 (5.2%) | $140,858 (-1.8%) | 0.00 | 128 |
| 2018-02-01 | $120,875 (3.1%) | $144,192 (-1.9%) | 0.00 | 119 |
| 2018-03-01 | $123,000 (7.7%) | $150,444 (9.6%) | 0.00 | 104 |
| 2018-04-01 | $127,875 (11.2%) | $151,987 (14.1%) | 0.00 | 105 |
| 2018-05-01 | $136,500 (24.1%) | $164,025 (22.3%) | 0.00 | 104 |
| 2018-06-01 | $121,500 (10.6%) | $152,509 (15.1%) | 0.00 | 103 |
| 2018-07-01 | $121,250 (12.4%) | $153,246 (19.3%) | 0.00 | 105 |
| 2018-08-01 | $122,225 (11.1%) | $151,337 (13.0%) | 0.00 | 102 |
| 2018-09-01 | $119,900 (0.8%) | $152,461 (7.4%) | 0.00 | 91 |
| 2018-10-01 | $111,625 (-6.4%) | $151,795 (3.9%) | 0.00 | 85 |
| 2018-11-01 | $129,000 (10.3%) | $160,131 (15.5%) | 0.00 | 83 |
| 2018-12-01 | $127,000 (6.3%) | $148,734 (4.9%) | 0.00 | 83 |
| 2019-01-01 | $121,400 (1.3%) | $146,818 (4.2%) | 0.00 | 93 |
| 2019-02-01 | $120,725 (-0.1%) | $146,287 (1.5%) | 0.00 | 96 |
| 2019-03-01 | $118,336 (-3.8%) | $144,300 (-4.1%) | 0.00 | 89 |
| 2019-04-01 | $117,561 (-8.1%) | $142,465 (-6.3%) | 0.00 | 84 |
| 2019-05-01 | $120,675 (-11.6%) | $137,507 (-16.2%) | 0.00 | 82 |
| 2019-06-01 | $114,950 (-5.4%) | $135,757 (-11.0%) | 0.00 | 82 |
| 2019-07-01 | $118,550 (-2.2%) | $136,265 (-11.1%) | 0.00 | 91 |
| 2019-08-01 | $122,109 (-0.1%) | $143,430 (-5.2%) | 0.00 | 88 |
| 2019-09-01 | $125,423 (4.6%) | $152,049 (-0.3%) | 0.00 | 80 |
| 2019-10-01 | $123,482 (10.6%) | $153,672 (1.2%) | 0.00 | 75 |
| 2019-11-01 | $111,400 (-13.6%) | $144,316 (-9.9%) | 0.00 | 79 |
| 2019-12-01 | $101,950 (-19.7%) | $147,912 (-0.6%) | 0.00 | 70 |
| 2020-01-01 | $104,725 (-13.7%) | $143,579 (-2.2%) | 0.00 | 62 |
| 2020-02-01 | $103,450 (-14.3%) | $144,812 (-1.0%) | 0.00 | 70 |
| 2020-03-01 | $104,725 (-11.5%) | $160,415 (11.2%) | 0.00 | 71 |
| 2020-04-01 | $109,975 (-6.5%) | $160,746 (12.8%) | 0.00 | 69 |
| 2020-05-01 | $120,000 (-0.6%) | $168,864 (22.8%) | 0.00 | 64 |
| 2020-06-01 | $124,074 (7.9%) | $178,202 (31.3%) | 0.00 | 62 |
| 2020-07-01 | $122,549 (3.4%) | $170,132 (24.9%) | 0.00 | 53 |
| 2020-08-01 | $125,000 (2.4%) | $161,445 (12.6%) | 0.00 | 52 |
| 2020-09-01 | $109,475 (-12.7%) | $170,905 (12.4%) | 0.00 | 44 |
| 2020-10-01 | $128,250 (3.9%) | $177,021 (15.2%) | 0.00 | 41 |
| 2020-11-01 | $123,400 (10.8%) | $178,169 (23.5%) | 0.00 | 40 |
| 2020-12-01 | $133,925 (31.4%) | $170,403 (15.2%) | 0.00 | 43 |
| 2021-01-01 | $135,700 (29.6%) | $174,820 (21.8%) | 0.00 | 37 |
| 2021-02-01 | $163,000 (57.6%) | $192,170 (32.7%) | 0.00 | 34 |
| 2021-03-01 | $147,950 (41.3%) | $192,076 (19.7%) | 0.00 | 36 |
| 2021-04-01 | $142,675 (29.7%) | $182,795 (13.7%) | 0.00 | 41 |
| 2021-05-01 | $139,500 (16.3%) | $174,569 (3.4%) | 0.00 | 30 |
| 2021-06-01 | $154,675 (24.7%) | $171,606 (-3.7%) | 0.00 | 27 |
| 2021-07-01 | $149,000 (21.6%) | $178,755 (5.1%) | 0.00 | 38 |
| 2021-08-01 | $168,700 (35.0%) | $188,066 (16.5%) | 0.00 | 37 |
| 2021-09-01 | $161,125 (47.2%) | $185,589 (8.6%) | 0.00 | 35 |
| 2021-10-01 | $158,400 (23.5%) | $199,656 (12.8%) | 0.00 | 34 |
| 2021-11-01 | $164,650 (33.4%) | $208,329 (16.9%) | 0.00 | 33 |
| 2021-12-01 | $158,100 (18.1%) | $200,967 (17.9%) | 0.00 | 28 |
| 2022-01-01 | $159,900 (17.8%) | $210,754 (20.6%) | 0.00 | 30 |
| 2022-02-01 | $157,675 (-3.3%) | $182,256 (-5.2%) | 0.00 | 36 |
| 2022-03-01 | $164,225 (11.0%) | $228,422 (18.9%) | 0.00 | 37 |
| 2022-04-01 | $151,000 (5.8%) | $230,306 (26.0%) | 0.00 | 40 |
| 2022-05-01 | $161,175 (15.5%) | $232,643 (33.3%) | 0.00 | 42 |
| 2022-06-01 | $152,425 (-1.5%) | $210,736 (22.8%) | 0.00 | 45 |
| 2022-07-01 | $164,900 (10.7%) | $217,119 (21.5%) | 0.00 | 41 |
| 2022-08-01 | $157,063 (-6.9%) | $244,785 (30.2%) | 0.00 | 34 |
| 2022-09-01 | $168,000 (4.3%) | $231,563 (24.8%) | 0.00 | 41 |
| 2022-10-01 | $168,000 (6.1%) | $231,661 (16.0%) | 0.00 | 48 |
| 2022-11-01 | $176,175 (7.0%) | $220,384 (5.8%) | 0.00 | 50 |
| 2022-12-01 | $197,900 (25.2%) | $218,332 (8.6%) | 0.00 | 52 |
| 2023-01-01 | $192,950 (20.7%) | $214,033 (1.6%) | 0.00 | 51 |
| 2023-02-01 | $194,750 (23.5%) | $246,254 (35.1%) | 0.00 | 54 |
| 2023-03-01 | $192,450 (17.2%) | $234,383 (2.6%) | 0.00 | 49 |
| 2023-04-01 | $209,500 (38.7%) | $246,284 (6.9%) | 0.00 | 42 |
| 2023-05-01 | $194,900 (20.9%) | $255,349 (9.8%) | 0.00 | 36 |
| 2023-06-01 | $214,750 (40.9%) | $273,408 (29.7%) | 0.00 | 39 |
| 2023-07-01 | $195,000 (18.3%) | $246,807 (13.7%) | 0.00 | 43 |
| 2023-08-01 | $167,950 (6.9%) | $209,231 (-14.5%) | 0.00 | 48 |
| 2023-09-01 | $195,000 (16.1%) | $244,649 (5.7%) | 0.00 | 58 |
| 2023-10-01 | $214,475 (27.7%) | $271,093 (17.0%) | 0.00 | 60 |
| 2023-11-01 | $209,225 (18.8%) | $256,329 (16.3%) | 0.00 | 60 |
| 2023-12-01 | $212,000 (7.1%) | $264,608 (21.2%) | 0.00 | 63 |
| 2024-01-01 | $199,950 (3.6%) | $257,727 (20.4%) | 0.00 | 56 |
| 2024-02-01 | $219,250 (12.6%) | $269,448 (9.4%) | 0.00 | 58 |
| 2024-03-01 | $227,450 (18.2%) | $272,281 (16.2%) | 0.00 | 65 |
Rockingham's median listing price comes in at 0% of the national average.
Rockingham's average listing price for 2024-03-01 was $272,281, a difference of $37,898 (16.2%) versus the prior year and $2,833 versus the prior month.
For the 2024-03-01 period, Rockingham had 65 MLS listings, a difference of 7 listings (12%) versus the prior month and 16 listings (33%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Rockingham (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,677 sqft |
| 2018-02-01 | 0 days | 1,574 sqft |
| 2018-03-01 | 0 days | 1,515 sqft |
| 2018-04-01 | 0 days | 1,735 sqft |
| 2018-05-01 | 0 days | 1,721 sqft |
| 2018-06-01 | 0 days | 1,520 sqft |
| 2018-07-01 | 0 days | 1,534 sqft |
| 2018-08-01 | 0 days | 1,629 sqft |
| 2018-09-01 | 0 days | 1,667 sqft |
| 2018-10-01 | 0 days | 1,628 sqft |
| 2018-11-01 | 0 days | 1,628 sqft |
| 2018-12-01 | 0 days | 1,603 sqft |
| 2019-01-01 | 0 days | 1,603 sqft |
| 2019-02-01 | 0 days | 1,651 sqft |
| 2019-03-01 | 0 days | 1,642 sqft |
| 2019-04-01 | 0 days | 1,605 sqft |
| 2019-05-01 | 0 days | 1,588 sqft |
| 2019-06-01 | 0 days | 1,525 sqft |
| 2019-07-01 | 0 days | 1,576 sqft |
| 2019-08-01 | 0 days | 1,572 sqft |
| 2019-09-01 | 0 days | 1,592 sqft |
| 2019-10-01 | 0 days | 1,610 sqft |
| 2019-11-01 | 0 days | 1,576 sqft |
| 2019-12-01 | 0 days | 1,588 sqft |
| 2020-01-01 | 0 days | 1,560 sqft |
| 2020-02-01 | 0 days | 1,644 sqft |
| 2020-03-01 | 0 days | 1,598 sqft |
| 2020-04-01 | 0 days | 1,571 sqft |
| 2020-05-01 | 0 days | 1,644 sqft |
| 2020-06-01 | 0 days | 1,627 sqft |
| 2020-07-01 | 0 days | 1,649 sqft |
| 2020-08-01 | 0 days | 1,512 sqft |
| 2020-09-01 | 0 days | 1,536 sqft |
| 2020-10-01 | 0 days | 1,641 sqft |
| 2020-11-01 | 0 days | 1,616 sqft |
| 2020-12-01 | 0 days | 1,556 sqft |
| 2021-01-01 | 0 days | 1,520 sqft |
| 2021-02-01 | 0 days | 1,535 sqft |
| 2021-03-01 | 0 days | 1,683 sqft |
| 2021-04-01 | 0 days | 1,500 sqft |
| 2021-05-01 | 0 days | 1,566 sqft |
| 2021-06-01 | 0 days | 1,557 sqft |
| 2021-07-01 | 0 days | 1,581 sqft |
| 2021-08-01 | 0 days | 1,582 sqft |
| 2021-09-01 | 0 days | 1,606 sqft |
| 2021-10-01 | 0 days | 1,604 sqft |
| 2021-11-01 | 0 days | 1,601 sqft |
| 2021-12-01 | 0 days | 1,408 sqft |
| 2022-01-01 | 0 days | 1,456 sqft |
| 2022-02-01 | 0 days | 1,586 sqft |
| 2022-03-01 | 0 days | 1,498 sqft |
| 2022-04-01 | 0 days | 1,470 sqft |
| 2022-05-01 | 0 days | 1,583 sqft |
| 2022-06-01 | 0 days | 1,418 sqft |
| 2022-07-01 | 0 days | 1,461 sqft |
| 2022-08-01 | 0 days | 1,496 sqft |
| 2022-09-01 | 0 days | 1,522 sqft |
| 2022-10-01 | 0 days | 1,425 sqft |
| 2022-11-01 | 0 days | 1,467 sqft |
| 2022-12-01 | 0 days | 1,607 sqft |
| 2023-01-01 | 0 days | 1,570 sqft |
| 2023-02-01 | 0 days | 1,602 sqft |
| 2023-03-01 | 0 days | 1,573 sqft |
| 2023-04-01 | 0 days | 1,635 sqft |
| 2023-05-01 | 0 days | 1,650 sqft |
| 2023-06-01 | 0 days | 1,587 sqft |
| 2023-07-01 | 0 days | 1,548 sqft |
| 2023-08-01 | 0 days | 1,454 sqft |
| 2023-09-01 | 0 days | 1,564 sqft |
| 2023-10-01 | 0 days | 1,570 sqft |
| 2023-11-01 | 0 days | 1,682 sqft |
| 2023-12-01 | 0 days | 1,708 sqft |
| 2024-01-01 | 0 days | 1,639 sqft |
| 2024-02-01 | 0 days | 1,690 sqft |
| 2024-03-01 | 0 days | 1,678 sqft |
Rockingham's median square footage for active listings during the 2024-03-01 period was 1,678 sqft. One year prior, the average listing was 1,573 sqft.