Sanford USDA Loan Rates, Closing Costs & Stats

Sanford, NC

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    • 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.

    Sanford's 12 lenders originated 18 USDA loans during 2023. The total origination value was $6,580,000, with an average USDA loan value of $365,556.

    Sanford USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Sanford averaged 6.5% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Sanford's average USDA mortgage closing costs are $5,263.

    The average rate for the prior week (2024-04-12) was 6.55% and one month ago for the week of 2024-03-15, the average rate was 6.14%.

    The average rate one year ago was 6.18%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.06%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Sanford 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 Sanford level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CMG MORTGAGE, INC. 2 6.25% $8,901
    GUILD MORTGAGE COMPANY 2 7.13% $7,672
    Keystone Funding, Inc. 2 6.38% $6,232
    MOVEMENT MORTGAGE, LLC 2 6.00% $14,218
    First National Bank of Pennsylvania 1 6.63% $6,975
    American Security Mortgage Corp. 1 6.00% $6,800
    GoPrime Mortgage, Inc. 1 6.38% $13,745
    GUARANTEED RATE, INC. 1 5.75% $7,719
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $10,123
    CERTAINTY HOME LOANS, LLC 1 5.75% $10,899
    DHI MORTGAGE COMPANY, LTD. 1 5.50% $5,074
    First Heritage Mortgage, LLC 1 5.63% $5,963

    The top Sanford USDA lender as defined by loan originations is CMG MORTGAGE, INC., with 2 USDA loans originated. Their average total fees are $8,901, which is $1,228 higher than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Sanford USDA lenders (with over 10 loans originated) are .

    The lowest rate Sanford USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sanford (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 $213,300 (12.6%) $228,727 (4.2%) 0.00 211
    2018-02-01 $209,211 (7.6%) $226,149 (0.2%) 0.00 197
    2018-03-01 $214,747 (7.6%) $232,899 (0.8%) 0.00 194
    2018-04-01 $213,633 (1.8%) $233,508 (2.0%) 0.00 186
    2018-05-01 $218,950 (3.8%) $234,529 (-2.3%) 0.00 172
    2018-06-01 $216,900 (3.4%) $235,291 (-0.6%) 0.00 164
    2018-07-01 $221,425 (5.5%) $238,041 (-1.1%) 0.00 175
    2018-08-01 $226,550 (13.3%) $241,940 (9.1%) 0.00 167
    2018-09-01 $224,950 (12.6%) $229,996 (6.4%) 0.00 169
    2018-10-01 $225,000 (13.9%) $235,052 (10.2%) 0.00 178
    2018-11-01 $226,225 (12.7%) $237,121 (8.5%) 0.00 179
    2018-12-01 $225,000 (10.7%) $232,970 (6.0%) 0.00 187
    2019-01-01 $225,000 (5.5%) $238,466 (4.3%) 0.00 180
    2019-02-01 $225,375 (7.7%) $247,965 (9.7%) 0.00 177
    2019-03-01 $226,071 (5.3%) $256,654 (10.2%) 0.00 178
    2019-04-01 $227,321 (6.4%) $265,278 (13.6%) 0.00 185
    2019-05-01 $226,250 (3.3%) $268,730 (14.6%) 0.00 189
    2019-06-01 $234,900 (8.3%) $277,664 (18.0%) 0.00 178
    2019-07-01 $237,063 (7.1%) $277,701 (16.7%) 0.00 181
    2019-08-01 $239,900 (5.9%) $280,297 (15.9%) 0.00 179
    2019-09-01 $239,900 (6.7%) $280,115 (21.8%) 0.00 186
    2019-10-01 $239,450 (6.4%) $278,603 (18.5%) 0.00 188
    2019-11-01 $235,000 (3.9%) $281,262 (18.6%) 0.00 178
    2019-12-01 $228,850 (1.7%) $277,683 (19.2%) 0.00 166
    2020-01-01 $224,250 (-0.3%) $267,883 (12.3%) 0.00 165
    2020-02-01 $229,200 (1.7%) $280,719 (13.2%) 0.00 138
    2020-03-01 $244,925 (8.3%) $288,098 (12.3%) 0.00 134
    2020-04-01 $245,975 (8.2%) $292,274 (10.2%) 0.00 134
    2020-05-01 $236,000 (4.3%) $285,270 (6.2%) 0.00 124
    2020-06-01 $266,175 (13.3%) $306,701 (10.5%) 0.00 91
    2020-07-01 $257,200 (8.5%) $297,814 (7.2%) 0.00 77
    2020-08-01 $249,900 (4.2%) $298,318 (6.4%) 0.00 79
    2020-09-01 $270,637 (12.8%) $311,885 (11.3%) 0.00 81
    2020-10-01 $259,000 (8.2%) $316,642 (13.7%) 0.00 67
    2020-11-01 $251,300 (6.9%) $316,725 (12.6%) 0.00 68
    2020-12-01 $260,000 (13.6%) $327,462 (17.9%) 0.00 61
    2021-01-01 $259,000 (15.5%) $322,398 (20.4%) 0.00 58
    2021-02-01 $274,698 (19.9%) $318,773 (13.6%) 0.00 61
    2021-03-01 $269,925 (10.2%) $281,918 (-2.2%) 0.00 53
    2021-04-01 $285,210 (16.0%) $306,390 (4.8%) 0.00 50
    2021-05-01 $275,000 (16.5%) $349,718 (22.6%) 0.00 47
    2021-06-01 $315,190 (18.4%) $391,097 (27.5%) 0.00 47
    2021-07-01 $332,250 (29.2%) $390,710 (31.2%) 0.00 58
    2021-08-01 $328,640 (31.5%) $377,005 (26.4%) 0.00 83
    2021-09-01 $314,450 (16.2%) $361,304 (15.9%) 0.00 88
    2021-10-01 $299,750 (15.7%) $380,124 (20.1%) 0.00 79
    2021-11-01 $337,400 (34.3%) $385,684 (21.8%) 0.00 65
    2021-12-01 $347,996 (33.8%) $418,728 (27.9%) 0.00 52
    2022-01-01 $344,586 (33.0%) $412,850 (28.1%) 0.00 38
    2022-02-01 $319,475 (16.3%) $380,872 (19.5%) 0.00 37
    2022-03-01 $328,675 (21.8%) $411,091 (45.8%) 0.00 31
    2022-04-01 $356,450 (25.0%) $467,764 (52.7%) 0.00 36
    2022-05-01 $354,900 (29.1%) $454,905 (30.1%) 0.00 39
    2022-06-01 $365,975 (16.1%) $417,802 (6.8%) 0.00 62
    2022-07-01 $350,000 (5.3%) $390,655 (0.0%) 0.00 74
    2022-08-01 $358,950 (9.2%) $391,281 (3.8%) 0.00 66
    2022-09-01 $374,500 (19.1%) $410,295 (13.6%) 0.00 64
    2022-10-01 $369,900 (23.4%) $419,584 (10.4%) 0.00 82
    2022-11-01 $377,095 (11.8%) $421,611 (9.3%) 0.00 85
    2022-12-01 $394,000 (13.2%) $434,198 (3.7%) 0.00 85
    2023-01-01 $377,875 (9.7%) $407,912 (-1.2%) 0.00 86
    2023-02-01 $373,650 (17.0%) $411,864 (8.1%) 0.00 89
    2023-03-01 $375,000 (14.1%) $411,772 (0.2%) 0.00 103
    2023-04-01 $380,002 (6.6%) $397,285 (-15.1%) 0.00 110
    2023-05-01 $377,502 (6.4%) $405,860 (-10.8%) 0.00 124
    2023-06-01 $384,738 (5.1%) $420,716 (0.7%) 0.00 144
    2023-07-01 $374,990 (7.1%) $407,109 (4.2%) 0.00 150
    2023-08-01 $361,388 (0.7%) $392,005 (0.2%) 0.00 162
    2023-09-01 $360,925 (-3.6%) $399,690 (-2.6%) 0.00 166
    2023-10-01 $364,425 (-1.5%) $407,297 (-2.9%) 0.00 184
    2023-11-01 $358,120 (-5.0%) $406,080 (-3.7%) 0.00 188
    2023-12-01 $360,000 (-8.6%) $413,747 (-4.7%) 0.00 186
    2024-01-01 $368,139 (-2.6%) $422,589 (3.6%) 0.00 178
    2024-02-01 $362,225 (-3.1%) $414,565 (0.7%) 0.00 182
    2024-03-01 $361,850 (-3.5%) $415,875 (1.0%) 0.00 167
    Sanford's median listing price for 2024-03-01 was $361,850, a difference of $-13,150 (-3.5%) versus the prior year and $-375 versus the prior month.

    Sanford's median listing price comes in at 0% of the national average.

    Sanford's average listing price for 2024-03-01 was $415,875, a difference of $4,103 (1.0%) versus the prior year and $1,310 versus the prior month.

    For the 2024-03-01 period, Sanford had 167 MLS listings, a difference of -15 listings (-8%) versus the prior month and 64 listings (62%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sanford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,271 sqft
    2018-02-01 0 days 2,156 sqft
    2018-03-01 0 days 2,100 sqft
    2018-04-01 0 days 2,100 sqft
    2018-05-01 0 days 2,189 sqft
    2018-06-01 0 days 2,102 sqft
    2018-07-01 0 days 2,237 sqft
    2018-08-01 0 days 2,270 sqft
    2018-09-01 0 days 2,100 sqft
    2018-10-01 0 days 2,100 sqft
    2018-11-01 0 days 2,100 sqft
    2018-12-01 0 days 2,100 sqft
    2019-01-01 0 days 2,111 sqft
    2019-02-01 0 days 2,147 sqft
    2019-03-01 0 days 2,145 sqft
    2019-04-01 0 days 2,156 sqft
    2019-05-01 0 days 2,170 sqft
    2019-06-01 0 days 2,256 sqft
    2019-07-01 0 days 2,179 sqft
    2019-08-01 0 days 2,158 sqft
    2019-09-01 0 days 2,126 sqft
    2019-10-01 0 days 2,100 sqft
    2019-11-01 0 days 2,100 sqft
    2019-12-01 0 days 2,100 sqft
    2020-01-01 0 days 2,093 sqft
    2020-02-01 0 days 2,100 sqft
    2020-03-01 0 days 2,143 sqft
    2020-04-01 0 days 2,201 sqft
    2020-05-01 0 days 2,144 sqft
    2020-06-01 0 days 2,304 sqft
    2020-07-01 0 days 2,311 sqft
    2020-08-01 0 days 2,300 sqft
    2020-09-01 0 days 2,329 sqft
    2020-10-01 0 days 2,300 sqft
    2020-11-01 0 days 2,298 sqft
    2020-12-01 0 days 2,336 sqft
    2021-01-01 0 days 2,300 sqft
    2021-02-01 0 days 2,296 sqft
    2021-03-01 0 days 2,100 sqft
    2021-04-01 0 days 2,216 sqft
    2021-05-01 0 days 1,950 sqft
    2021-06-01 0 days 2,171 sqft
    2021-07-01 0 days 2,301 sqft
    2021-08-01 0 days 2,259 sqft
    2021-09-01 0 days 2,105 sqft
    2021-10-01 0 days 2,120 sqft
    2021-11-01 0 days 2,324 sqft
    2021-12-01 0 days 2,298 sqft
    2022-01-01 0 days 2,301 sqft
    2022-02-01 0 days 1,925 sqft
    2022-03-01 0 days 2,061 sqft
    2022-04-01 0 days 2,300 sqft
    2022-05-01 0 days 2,190 sqft
    2022-06-01 0 days 2,337 sqft
    2022-07-01 0 days 2,189 sqft
    2022-08-01 0 days 2,271 sqft
    2022-09-01 0 days 2,257 sqft
    2022-10-01 0 days 2,151 sqft
    2022-11-01 0 days 2,156 sqft
    2022-12-01 0 days 2,243 sqft
    2023-01-01 0 days 2,116 sqft
    2023-02-01 0 days 2,085 sqft
    2023-03-01 0 days 2,038 sqft
    2023-04-01 0 days 2,134 sqft
    2023-05-01 0 days 2,134 sqft
    2023-06-01 0 days 2,157 sqft
    2023-07-01 0 days 2,083 sqft
    2023-08-01 0 days 2,051 sqft
    2023-09-01 0 days 2,072 sqft
    2023-10-01 0 days 2,055 sqft
    2023-11-01 0 days 2,023 sqft
    2023-12-01 0 days 2,034 sqft
    2024-01-01 0 days 2,095 sqft
    2024-02-01 0 days 2,020 sqft
    2024-03-01 0 days 2,057 sqft
    Sanford's median listing age (time on market) for 2024-03-01 was 0 days.

    Sanford's median square footage for active listings during the 2024-03-01 period was 2,057 sqft. One year prior, the average listing was 2,038 sqft.