Seneca USDA Loan Rates, Closing Costs & Stats

Seneca, SC

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Seneca's 13 lenders originated 18 USDA loans during 2023. The total origination value was $3,530,000, with an average USDA loan value of $196,111.

    Seneca USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Seneca averaged 6.67% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Seneca's average USDA mortgage closing costs are $4,769.

    The average rate for the prior week (2025-02-07) was 6.23% and one month ago for the week of 2025-01-10, the average rate was 6.58%.

    The average rate one year ago was 6.47%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.73%.

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

    Seneca 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 Seneca level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.50% $5,616
    ON Q FINANCIAL, INC. 3 6.67% $7,208
    UNITED WHOLESALE MORTGAGE, LLC 2 5.36% $7,831
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.75% $8,554
    BANKSOUTH MORTGAGE COMPANY, LLC 1 6.13% $5,969
    DHI MORTGAGE COMPANY, LTD. 1 4.75% $4,871
    Ameris Bank 1 6.00% $6,011
    MOVEMENT MORTGAGE, LLC 1 7.25% $10,371
    NVR Mortgage Finance, Inc. 1 5.63% $6,869
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.25% $8,893
    Princeton Mortgage Corporation 1 6.63% $5,644
    UNION HOME MORTGAGE CORP. 1 7.63% $10,777
    ACOPIA, LLC 1 6.13% $7,541

    The top Seneca USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 3 USDA loans originated. Their average total fees are $5,616, which is $1,592 lower than the next largest lender, ON Q FINANCIAL, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Seneca (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 $249,000 (1.6%) $403,462 (3.9%) 0.00 547
    2018-02-01 $249,900 (4.5%) $411,772 (8.4%) 0.00 547
    2018-03-01 $274,900 (15.1%) $444,518 (16.1%) 0.00 592
    2018-04-01 $282,450 (17.8%) $432,953 (12.6%) 0.00 620
    2018-05-01 $285,000 (18.2%) $430,587 (10.2%) 0.00 613
    2018-06-01 $280,000 (18.2%) $429,551 (11.5%) 0.00 633
    2018-07-01 $289,350 (20.9%) $449,959 (15.2%) 0.00 639
    2018-08-01 $289,000 (16.1%) $440,292 (11.4%) 0.00 635
    2018-09-01 $279,900 (12.4%) $439,637 (10.9%) 0.00 637
    2018-10-01 $279,000 (11.9%) $442,514 (12.0%) 0.00 624
    2018-11-01 $275,000 (10.0%) $437,728 (8.2%) 0.00 617
    2018-12-01 $274,500 (10.3%) $433,917 (9.4%) 0.00 574
    2019-01-01 $274,950 (10.4%) $444,551 (10.2%) 0.00 545
    2019-02-01 $269,945 (8.0%) $465,531 (13.1%) 0.00 550
    2019-03-01 $280,400 (2.0%) $485,062 (9.1%) 0.00 515
    2019-04-01 $297,000 (5.2%) $492,174 (13.7%) 0.00 468
    2019-05-01 $299,475 (5.1%) $507,577 (17.9%) 0.00 471
    2019-06-01 $310,000 (10.7%) $514,069 (19.7%) 0.00 469
    2019-07-01 $294,450 (1.8%) $493,191 (9.6%) 0.00 460
    2019-08-01 $291,727 (0.9%) $487,055 (10.6%) 0.00 452
    2019-09-01 $295,818 (5.7%) $493,294 (12.2%) 0.00 433
    2019-10-01 $304,475 (9.1%) $508,002 (14.8%) 0.00 419
    2019-11-01 $319,450 (16.2%) $519,910 (18.8%) 0.00 408
    2019-12-01 $300,000 (9.3%) $496,521 (14.4%) 0.00 382
    2020-01-01 $299,500 (8.9%) $484,869 (9.1%) 0.00 356
    2020-02-01 $295,000 (9.3%) $479,298 (3.0%) 0.00 337
    2020-03-01 $299,950 (7.0%) $504,631 (4.0%) 0.00 341
    2020-04-01 $300,000 (1.0%) $488,314 (-0.8%) 0.00 338
    2020-05-01 $300,000 (0.2%) $504,753 (-0.6%) 0.00 331
    2020-06-01 $299,800 (-3.3%) $528,353 (2.8%) 0.00 303
    2020-07-01 $305,000 (3.6%) $522,541 (6.0%) 0.00 263
    2020-08-01 $300,000 (2.8%) $523,577 (7.5%) 0.00 247
    2020-09-01 $299,950 (1.4%) $531,680 (7.8%) 0.00 221
    2020-10-01 $299,000 (-1.8%) $535,438 (5.4%) 0.00 204
    2020-11-01 $299,669 (-6.2%) $531,351 (2.2%) 0.00 183
    2020-12-01 $292,624 (-2.5%) $510,830 (2.9%) 0.00 176
    2021-01-01 $290,950 (-2.9%) $510,037 (5.2%) 0.00 160
    2021-02-01 $295,000 (0.0%) $569,473 (18.8%) 0.00 149
    2021-03-01 $325,000 (8.4%) $597,871 (18.5%) 0.00 139
    2021-04-01 $342,000 (14.0%) $608,075 (24.5%) 0.00 122
    2021-05-01 $339,900 (13.3%) $566,665 (12.3%) 0.00 118
    2021-06-01 $344,975 (15.1%) $538,015 (1.8%) 0.00 146
    2021-07-01 $329,500 (8.0%) $514,443 (-1.6%) 0.00 170
    2021-08-01 $347,000 (15.7%) $559,686 (6.9%) 0.00 174
    2021-09-01 $344,075 (14.7%) $538,533 (1.3%) 0.00 168
    2021-10-01 $324,900 (8.7%) $521,635 (-2.6%) 0.00 154
    2021-11-01 $315,901 (5.4%) $518,398 (-2.4%) 0.00 182
    2021-12-01 $302,546 (3.4%) $505,095 (-1.1%) 0.00 166
    2022-01-01 $280,940 (-3.4%) $514,122 (0.8%) 0.00 150
    2022-02-01 $296,225 (0.4%) $502,416 (-11.8%) 0.00 149
    2022-03-01 $311,312 (-4.2%) $559,225 (-6.5%) 0.00 147
    2022-04-01 $341,133 (-0.3%) $565,689 (-7.0%) 0.00 165
    2022-05-01 $346,816 (2.0%) $587,930 (3.8%) 0.00 207
    2022-06-01 $350,138 (1.5%) $616,935 (14.7%) 0.00 222
    2022-07-01 $354,258 (7.5%) $642,234 (24.8%) 0.00 261
    2022-08-01 $361,836 (4.3%) $676,718 (20.9%) 0.00 293
    2022-09-01 $349,050 (1.5%) $653,850 (21.4%) 0.00 294
    2022-10-01 $347,348 (6.9%) $637,430 (22.2%) 0.00 299
    2022-11-01 $366,655 (16.1%) $678,663 (30.9%) 0.00 289
    2022-12-01 $363,294 (20.1%) $647,173 (28.1%) 0.00 279
    2023-01-01 $362,000 (28.9%) $603,057 (17.3%) 0.00 266
    2023-02-01 $360,950 (21.9%) $624,583 (24.3%) 0.00 254
    2023-03-01 $393,950 (26.6%) $710,980 (27.1%) 0.00 244
    2023-04-01 $393,600 (15.4%) $715,641 (26.5%) 0.00 216
    2023-05-01 $415,175 (19.7%) $731,171 (24.4%) 0.00 222
    2023-06-01 $406,175 (16.0%) $700,307 (13.5%) 0.00 223
    2023-07-01 $375,000 (5.9%) $655,615 (2.1%) 0.00 217
    2023-08-01 $376,500 (4.1%) $643,553 (-4.9%) 0.00 243
    2023-09-01 $399,000 (14.3%) $670,027 (2.5%) 0.00 250
    2023-10-01 $394,500 (13.6%) $639,898 (0.4%) 0.00 281
    2023-11-01 $382,225 (4.3%) $610,390 (-10.1%) 0.00 292
    2023-12-01 $374,500 (3.1%) $593,439 (-8.3%) 0.00 293
    2024-01-01 $357,250 (-1.3%) $574,598 (-4.7%) 0.00 296
    2024-02-01 $358,225 (-0.8%) $561,858 (-10.0%) 0.00 283
    2024-03-01 $400,000 (1.5%) $596,647 (-16.1%) 0.00 305
    2024-04-01 $400,000 (1.6%) $612,674 (-14.4%) 0.00 326
    2024-05-01 $409,993 (-1.3%) $632,662 (-13.5%) 0.00 358
    2024-06-01 $406,495 (0.1%) $620,379 (-11.4%) 0.00 372
    2024-07-01 $397,375 (6.0%) $621,507 (-5.2%) 0.00 367
    2024-08-01 $395,000 (4.9%) $602,391 (-6.4%) 0.00 355
    2024-09-01 $391,925 (-1.8%) $633,465 (-5.5%) 0.00 348
    2024-10-01 $390,450 (-1.0%) $675,315 (5.5%) 0.00 341
    2024-11-01 $389,900 (2.0%) $660,477 (8.2%) 0.00 318
    2024-12-01 $383,725 (2.5%) $605,521 (2.0%) 0.00 298
    2025-01-01 $384,450 (7.6%) $580,786 (1.1%) 0.00 283
    Seneca's median listing price for 2025-01-01 was $384,450, a difference of $27,200 (7.6%) versus the prior year and $725 versus the prior month.

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

    Seneca's average listing price for 2025-01-01 was $580,786, a difference of $6,188 (1.1%) versus the prior year and $-24,735 versus the prior month.

    For the 2025-01-01 period, Seneca had 283 MLS listings, a difference of -15 listings (-5%) versus the prior month and -13 listings (-4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Seneca (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,276 sqft
    2018-02-01 0 days 2,249 sqft
    2018-03-01 0 days 2,411 sqft
    2018-04-01 0 days 2,465 sqft
    2018-05-01 0 days 2,532 sqft
    2018-06-01 0 days 2,450 sqft
    2018-07-01 0 days 2,522 sqft
    2018-08-01 0 days 2,500 sqft
    2018-09-01 0 days 2,467 sqft
    2018-10-01 0 days 2,461 sqft
    2018-11-01 0 days 2,359 sqft
    2018-12-01 0 days 2,256 sqft
    2019-01-01 0 days 2,238 sqft
    2019-02-01 0 days 2,193 sqft
    2019-03-01 0 days 2,222 sqft
    2019-04-01 0 days 2,378 sqft
    2019-05-01 0 days 2,507 sqft
    2019-06-01 0 days 2,504 sqft
    2019-07-01 0 days 2,451 sqft
    2019-08-01 0 days 2,448 sqft
    2019-09-01 0 days 2,453 sqft
    2019-10-01 0 days 2,536 sqft
    2019-11-01 0 days 2,596 sqft
    2019-12-01 0 days 2,434 sqft
    2020-01-01 0 days 2,375 sqft
    2020-02-01 0 days 2,316 sqft
    2020-03-01 0 days 2,388 sqft
    2020-04-01 0 days 2,429 sqft
    2020-05-01 0 days 2,435 sqft
    2020-06-01 0 days 2,403 sqft
    2020-07-01 0 days 2,420 sqft
    2020-08-01 0 days 2,420 sqft
    2020-09-01 0 days 2,376 sqft
    2020-10-01 0 days 2,316 sqft
    2020-11-01 0 days 2,225 sqft
    2020-12-01 0 days 2,213 sqft
    2021-01-01 0 days 2,197 sqft
    2021-02-01 0 days 2,130 sqft
    2021-03-01 0 days 2,234 sqft
    2021-04-01 0 days 2,253 sqft
    2021-05-01 0 days 2,067 sqft
    2021-06-01 0 days 2,047 sqft
    2021-07-01 0 days 2,029 sqft
    2021-08-01 0 days 2,159 sqft
    2021-09-01 0 days 2,157 sqft
    2021-10-01 0 days 1,995 sqft
    2021-11-01 0 days 1,960 sqft
    2021-12-01 0 days 1,914 sqft
    2022-01-01 0 days 1,796 sqft
    2022-02-01 0 days 1,765 sqft
    2022-03-01 0 days 1,852 sqft
    2022-04-01 0 days 1,955 sqft
    2022-05-01 0 days 1,974 sqft
    2022-06-01 0 days 2,090 sqft
    2022-07-01 0 days 2,078 sqft
    2022-08-01 0 days 2,106 sqft
    2022-09-01 0 days 2,105 sqft
    2022-10-01 0 days 2,120 sqft
    2022-11-01 0 days 2,225 sqft
    2022-12-01 0 days 2,177 sqft
    2023-01-01 0 days 2,077 sqft
    2023-02-01 0 days 2,074 sqft
    2023-03-01 0 days 2,258 sqft
    2023-04-01 0 days 2,297 sqft
    2023-05-01 0 days 2,252 sqft
    2023-06-01 0 days 2,232 sqft
    2023-07-01 0 days 2,070 sqft
    2023-08-01 0 days 2,041 sqft
    2023-09-01 0 days 2,120 sqft
    2023-10-01 0 days 2,184 sqft
    2023-11-01 0 days 2,158 sqft
    2023-12-01 0 days 2,039 sqft
    2024-01-01 0 days 2,006 sqft
    2024-02-01 0 days 1,947 sqft
    2024-03-01 0 days 2,000 sqft
    2024-04-01 0 days 2,000 sqft
    2024-05-01 0 days 2,000 sqft
    2024-06-01 0 days 2,045 sqft
    2024-07-01 0 days 2,030 sqft
    2024-08-01 0 days 2,107 sqft
    2024-09-01 0 days 2,105 sqft
    2024-10-01 0 days 2,166 sqft
    2024-11-01 0 days 1,944 sqft
    2024-12-01 0 days 1,895 sqft
    2025-01-01 0 days 1,853 sqft
    Seneca's median listing age (time on market) for 2025-01-01 was 0 days.

    Seneca's median square footage for active listings during the 2025-01-01 period was 1,853 sqft. One year prior, the average listing was 2,006 sqft.