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
6.09%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Rockingham's average USDA mortgage closing costs are $4,711.
The average rate for the prior week (2025-02-07) was
6.45% and
one month ago for the week of 2025-01-10, the
average rate was 6.39%.
The average rate one year ago was 6.09%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.33%.
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 (4.7%) | $140,858 (-1.9%) | 0.00 | 128 |
| 2018-02-01 | $120,875 (1.2%) | $144,192 (-2.1%) | 0.00 | 119 |
| 2018-03-01 | $123,000 (7.5%) | $150,444 (9.5%) | 0.00 | 104 |
| 2018-04-01 | $127,875 (10.3%) | $151,987 (13.7%) | 0.00 | 105 |
| 2018-05-01 | $136,500 (24.1%) | $164,025 (21.6%) | 0.00 | 104 |
| 2018-06-01 | $121,500 (10.6%) | $152,509 (14.3%) | 0.00 | 103 |
| 2018-07-01 | $121,250 (12.4%) | $153,246 (19.0%) | 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 |
| 2024-04-01 | $232,750 (11.1%) | $269,429 (9.4%) | 0.00 | 61 |
| 2024-05-01 | $231,250 (18.7%) | $258,575 (1.3%) | 0.00 | 56 |
| 2024-06-01 | $229,900 (7.1%) | $273,752 (0.1%) | 0.00 | 65 |
| 2024-07-01 | $226,000 (15.9%) | $264,118 (7.0%) | 0.00 | 74 |
| 2024-08-01 | $230,000 (37.0%) | $256,126 (22.4%) | 0.00 | 67 |
| 2024-09-01 | $220,000 (12.8%) | $247,213 (1.1%) | 0.00 | 68 |
| 2024-10-01 | $214,750 (0.1%) | $247,240 (-8.8%) | 0.00 | 71 |
| 2024-11-01 | $215,000 (2.8%) | $262,570 (2.4%) | 0.00 | 78 |
| 2024-12-01 | $189,675 (-10.5%) | $252,172 (-4.7%) | 0.00 | 78 |
| 2025-01-01 | $190,500 (-4.7%) | $275,218 (6.8%) | 0.00 | 72 |
Rockingham's median listing price comes in at 0% of the national average.
Rockingham's average listing price for 2025-01-01 was $275,218, a difference of $17,491 (6.8%) versus the prior year and $23,046 versus the prior month.
For the 2025-01-01 period, Rockingham had 72 MLS listings, a difference of -6 listings (-8%) versus the prior month and 16 listings (29%) 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 | 1,746 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 | 1,641 sqft |
| 2019-04-01 | 0 days | 1,602 sqft |
| 2019-05-01 | 0 days | 1,577 sqft |
| 2019-06-01 | 0 days | 1,540 sqft |
| 2019-07-01 | 0 days | 1,576 sqft |
| 2019-08-01 | 0 days | 1,573 sqft |
| 2019-09-01 | 0 days | 1,593 sqft |
| 2019-10-01 | 0 days | 1,623 sqft |
| 2019-11-01 | 0 days | 1,576 sqft |
| 2019-12-01 | 0 days | 1,587 sqft |
| 2020-01-01 | 0 days | 1,560 sqft |
| 2020-02-01 | 0 days | 1,644 sqft |
| 2020-03-01 | 0 days | 1,613 sqft |
| 2020-04-01 | 0 days | 1,588 sqft |
| 2020-05-01 | 0 days | 1,669 sqft |
| 2020-06-01 | 0 days | 1,623 sqft |
| 2020-07-01 | 0 days | 1,595 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 | 1,545 sqft |
| 2021-03-01 | 0 days | 1,677 sqft |
| 2021-04-01 | 0 days | 1,500 sqft |
| 2021-05-01 | 0 days | 1,568 sqft |
| 2021-06-01 | 0 days | 1,565 sqft |
| 2021-07-01 | 0 days | 1,600 sqft |
| 2021-08-01 | 0 days | 1,571 sqft |
| 2021-09-01 | 0 days | 1,604 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 | 1,463 sqft |
| 2022-05-01 | 0 days | 1,545 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 | 1,559 sqft |
| 2023-02-01 | 0 days | 1,571 sqft |
| 2023-03-01 | 0 days | 1,565 sqft |
| 2023-04-01 | 0 days | 1,629 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 | 1,714 sqft |
| 2024-01-01 | 0 days | 1,651 sqft |
| 2024-02-01 | 0 days | 1,710 sqft |
| 2024-03-01 | 0 days | 1,683 sqft |
| 2024-04-01 | 0 days | 1,686 sqft |
| 2024-05-01 | 0 days | 1,678 sqft |
| 2024-06-01 | 0 days | 1,720 sqft |
| 2024-07-01 | 0 days | 1,687 sqft |
| 2024-08-01 | 0 days | 1,711 sqft |
| 2024-09-01 | 0 days | 1,614 sqft |
| 2024-10-01 | 0 days | 1,537 sqft |
| 2024-11-01 | 0 days | 1,526 sqft |
| 2024-12-01 | 0 days | 1,469 sqft |
| 2025-01-01 | 0 days | 1,557 sqft |
Rockingham's median square footage for active listings during the 2025-01-01 period was 1,557 sqft. One year prior, the average listing was 1,651 sqft.