Spartanburg USDA Loan Rates, Closing Costs & Stats
SPARTANBURG, SC
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.
Spartanburg's 50 lenders originated 145 USDA loans during 2023. The total origination value was $32,675,000, with an average USDA loan value of $225,345.
Spartanburg USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Spartanburg
averaged
5.94%
for the week of 2025-03-14, compared to the national average (all USDA variants) of
6.402% for the same period.
Spartanburg's average USDA mortgage closing costs are $5,640.
The average rate for the prior week (2025-03-07) was
6.02% and
one month ago for the week of 2025-02-07, the
average rate was 6.33%.
The average rate one year ago was 6.13%.
For refis of the same type during the week of 2025-03-14, the average rate
was 6.44%.
Spartanburg 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 Spartanburg level.
The top Spartanburg USDA lender as defined by loan originations is Sierra Pacific Mortgage Company, Inc., with
21 USDA loans originated. Their average total fees are
$9,652, which is $3,049
higher than the next largest lender,
ARK-LA-TEX FINANCIAL SERVICES, LLC..
The lowest fee Spartanburg USDA lenders (with over 10 loans originated) are
ARK-LA-TEX FINANCIAL SERVICES, LLC. ($6,603), PRIMELENDING, A PLAINSCAPITAL COMPANY ($8,534), Sierra Pacific Mortgage Company, Inc. ($9,652), .
The lowest rate Spartanburg USDA lenders (with over 10 loans originated) are
Sierra Pacific Mortgage Company, Inc. (5.93%), PRIMELENDING, A PLAINSCAPITAL COMPANY (6.16%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (6.54%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Spartanburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $208,800 (12.9%) | $247,077 (7.5%) | 0.77 | 1,216 |
2018-02-01 | $209,411 (10.3%) | $247,955 (5.4%) | 0.76 | 1,182 |
2018-03-01 | $215,990 (13.8%) | $257,984 (10.0%) | 0.76 | 1,153 |
2018-04-01 | $221,795 (15.6%) | $267,118 (14.0%) | 0.75 | 1,126 |
2018-05-01 | $222,245 (14.6%) | $269,101 (14.2%) | 0.74 | 1,207 |
2018-06-01 | $221,804 (11.5%) | $269,506 (11.5%) | 0.74 | 1,293 |
2018-07-01 | $219,634 (8.7%) | $268,670 (8.9%) | 0.73 | 1,330 |
2018-08-01 | $217,815 (7.4%) | $267,300 (9.0%) | 0.73 | 1,377 |
2018-09-01 | $214,775 (4.8%) | $264,498 (6.3%) | 0.72 | 1,374 |
2018-10-01 | $209,450 (0.3%) | $259,654 (2.1%) | 0.71 | 1,419 |
2018-11-01 | $211,680 (2.5%) | $258,919 (3.5%) | 0.72 | 1,361 |
2018-12-01 | $211,772 (2.4%) | $253,582 (2.0%) | 0.73 | 1,317 |
2019-01-01 | $214,098 (2.5%) | $259,849 (5.2%) | 0.74 | 1,288 |
2019-02-01 | $213,950 (2.2%) | $259,293 (4.6%) | 0.72 | 1,337 |
2019-03-01 | $217,698 (0.8%) | $304,117 (17.9%) | 0.71 | 1,317 |
2019-04-01 | $220,639 (-0.5%) | $313,475 (17.4%) | 0.70 | 1,275 |
2019-05-01 | $223,400 (0.5%) | $285,981 (6.3%) | 0.70 | 1,270 |
2019-06-01 | $225,000 (1.4%) | $290,298 (7.7%) | 0.70 | 1,287 |
2019-07-01 | $225,000 (2.4%) | $289,703 (7.8%) | 0.70 | 1,279 |
2019-08-01 | $224,999 (3.3%) | $287,341 (7.5%) | 0.71 | 1,341 |
2019-09-01 | $224,997 (4.8%) | $284,441 (7.5%) | 0.72 | 1,387 |
2019-10-01 | $224,948 (7.4%) | $282,107 (8.7%) | 0.73 | 1,418 |
2019-11-01 | $224,900 (6.3%) | $281,596 (8.8%) | 0.74 | 1,385 |
2019-12-01 | $223,450 (5.5%) | $276,081 (8.9%) | 0.75 | 1,390 |
2020-01-01 | $220,472 (3.0%) | $262,988 (1.2%) | 0.74 | 1,314 |
2020-02-01 | $224,900 (5.1%) | $270,751 (4.4%) | 0.74 | 1,257 |
2020-03-01 | $231,495 (6.3%) | $279,094 (-8.2%) | 0.73 | 1,152 |
2020-04-01 | $229,325 (3.9%) | $280,256 (-10.6%) | 0.72 | 1,179 |
2020-05-01 | $234,900 (5.2%) | $284,273 (-0.6%) | 0.71 | 1,057 |
2020-06-01 | $240,450 (6.9%) | $298,349 (2.8%) | 0.71 | 939 |
2020-07-01 | $237,748 (5.7%) | $296,266 (2.3%) | 0.69 | 845 |
2020-08-01 | $239,000 (6.2%) | $302,883 (5.4%) | 0.68 | 795 |
2020-09-01 | $237,250 (5.5%) | $314,345 (10.5%) | 0.68 | 767 |
2020-10-01 | $239,900 (6.7%) | $314,197 (11.4%) | 0.69 | 757 |
2020-11-01 | $240,300 (6.9%) | $318,753 (13.2%) | 0.70 | 775 |
2020-12-01 | $234,750 (5.1%) | $306,631 (11.1%) | 0.70 | 737 |
2021-01-01 | $234,999 (6.6%) | $304,255 (15.7%) | 0.70 | 714 |
2021-02-01 | $234,179 (4.1%) | $307,656 (13.6%) | 0.68 | 676 |
2021-03-01 | $240,500 (3.9%) | $316,043 (13.2%) | 0.68 | 531 |
2021-04-01 | $239,893 (4.6%) | $307,524 (9.7%) | 0.65 | 482 |
2021-05-01 | $250,000 (6.4%) | $313,276 (10.2%) | 0.66 | 403 |
2021-06-01 | $254,950 (6.0%) | $313,390 (5.0%) | 0.67 | 411 |
2021-07-01 | $269,620 (13.4%) | $340,402 (14.9%) | 0.71 | 506 |
2021-08-01 | $263,007 (10.0%) | $331,641 (9.5%) | 0.70 | 607 |
2021-09-01 | $271,948 (14.6%) | $348,378 (10.8%) | 0.73 | 620 |
2021-10-01 | $275,000 (14.6%) | $350,160 (11.5%) | 0.73 | 610 |
2021-11-01 | $276,309 (15.0%) | $357,403 (12.1%) | 0.74 | 536 |
2021-12-01 | $270,370 (15.2%) | $341,106 (11.2%) | 0.73 | 484 |
2022-01-01 | $277,447 (18.1%) | $334,706 (10.0%) | 0.75 | 404 |
2022-02-01 | $280,212 (19.7%) | $337,374 (9.7%) | 0.73 | 362 |
2022-03-01 | $284,217 (18.2%) | $334,939 (6.0%) | 0.71 | 314 |
2022-04-01 | $290,000 (20.9%) | $350,601 (14.0%) | 0.69 | 347 |
2022-05-01 | $298,433 (19.4%) | $341,456 (9.0%) | 0.68 | 515 |
2022-06-01 | $301,999 (18.5%) | $340,648 (8.7%) | 0.67 | 641 |
2022-07-01 | $304,900 (13.1%) | $342,567 (0.6%) | 0.69 | 884 |
2022-08-01 | $303,420 (15.4%) | $344,395 (3.9%) | 0.70 | 1,059 |
2022-09-01 | $305,265 (12.3%) | $346,617 (-0.5%) | 0.71 | 1,135 |
2022-10-01 | $302,900 (10.2%) | $349,667 (-0.1%) | 0.71 | 1,160 |
2022-11-01 | $300,120 (8.6%) | $346,757 (-3.0%) | 0.72 | 1,169 |
2022-12-01 | $299,900 (10.9%) | $349,601 (2.5%) | 0.74 | 1,064 |
2023-01-01 | $301,683 (8.7%) | $353,499 (5.6%) | 0.75 | 1,000 |
2023-02-01 | $299,942 (7.0%) | $350,600 (3.9%) | 0.72 | 956 |
2023-03-01 | $303,445 (6.8%) | $355,975 (6.3%) | 0.72 | 935 |
2023-04-01 | $311,999 (7.6%) | $371,300 (5.9%) | 0.73 | 965 |
2023-05-01 | $316,560 (6.1%) | $375,127 (9.9%) | 0.72 | 925 |
2023-06-01 | $312,400 (3.4%) | $367,926 (8.0%) | 0.70 | 961 |
2023-07-01 | $311,389 (2.1%) | $372,514 (8.7%) | 0.71 | 1,005 |
2023-08-01 | $309,495 (2.0%) | $370,465 (7.6%) | 0.71 | 1,043 |
2023-09-01 | $305,900 (0.2%) | $372,158 (7.4%) | 0.71 | 1,010 |
2023-10-01 | $307,854 (1.6%) | $370,063 (5.8%) | 0.72 | 1,070 |
2023-11-01 | $302,225 (0.7%) | $364,735 (5.2%) | 0.72 | 1,122 |
2023-12-01 | $306,000 (2.0%) | $363,171 (3.9%) | 0.75 | 1,163 |
2024-01-01 | $307,999 (2.1%) | $363,073 (2.7%) | 0.75 | 1,137 |
2024-02-01 | $309,198 (3.1%) | $368,207 (5.0%) | 0.74 | 1,144 |
2024-03-01 | $308,000 (1.5%) | $362,886 (1.9%) | 0.72 | 1,243 |
2024-04-01 | $307,493 (-1.4%) | $367,464 (-1.0%) | 0.72 | 1,317 |
2024-05-01 | $304,948 (-3.7%) | $367,021 (-2.2%) | 0.69 | 1,432 |
2024-06-01 | $304,977 (-2.4%) | $382,366 (3.9%) | 0.69 | 1,462 |
2024-07-01 | $302,748 (-2.8%) | $374,821 (0.6%) | 0.69 | 1,544 |
2024-08-01 | $304,000 (-1.8%) | $372,989 (0.7%) | 0.71 | 1,563 |
2024-09-01 | $304,950 (-0.3%) | $373,664 (0.4%) | 0.72 | 1,538 |
2024-10-01 | $300,690 (-2.3%) | $371,615 (0.4%) | 0.71 | 1,498 |
2024-11-01 | $303,990 (0.6%) | $370,665 (1.6%) | 0.73 | 1,470 |
2024-12-01 | $304,145 (-0.6%) | $369,762 (1.8%) | 0.76 | 1,388 |
2025-01-01 | $301,995 (-2.0%) | $365,428 (0.7%) | 0.75 | 1,360 |
2025-02-01 | $305,000 (-1.4%) | $363,849 (-1.2%) | 0.74 | 1,407 |
Spartanburg's median listing price comes in at 74% of the national average.
Spartanburg's average listing price for 2025-02-01 was $363,849, a difference of $-4,358 (-1.2%) versus the prior year and $-1,579 versus the prior month.
For the 2025-02-01 period, Spartanburg had 1,407 MLS listings, a difference of 47 listings (3%) versus the prior month and 263 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Spartanburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 87 days | 2,042 sqft |
2018-02-01 | 83 days | 2,028 sqft |
2018-03-01 | 50 days | 2,114 sqft |
2018-04-01 | 50 days | 2,143 sqft |
2018-05-01 | 53 days | 2,151 sqft |
2018-06-01 | 53 days | 2,150 sqft |
2018-07-01 | 57 days | 2,120 sqft |
2018-08-01 | 56 days | 2,100 sqft |
2018-09-01 | 64 days | 2,065 sqft |
2018-10-01 | 66 days | 2,005 sqft |
2018-11-01 | 66 days | 2,015 sqft |
2018-12-01 | 72 days | 2,000 sqft |
2019-01-01 | 80 days | 2,000 sqft |
2019-02-01 | 72 days | 2,003 sqft |
2019-03-01 | 64 days | 2,012 sqft |
2019-04-01 | 61 days | 2,036 sqft |
2019-05-01 | 60 days | 2,070 sqft |
2019-06-01 | 58 days | 2,095 sqft |
2019-07-01 | 58 days | 2,074 sqft |
2019-08-01 | 57 days | 2,085 sqft |
2019-09-01 | 58 days | 2,081 sqft |
2019-10-01 | 58 days | 2,070 sqft |
2019-11-01 | 60 days | 2,051 sqft |
2019-12-01 | 66 days | 2,023 sqft |
2020-01-01 | 72 days | 1,995 sqft |
2020-02-01 | 73 days | 2,003 sqft |
2020-03-01 | 59 days | 2,059 sqft |
2020-04-01 | 62 days | 2,007 sqft |
2020-05-01 | 71 days | 2,010 sqft |
2020-06-01 | 67 days | 2,063 sqft |
2020-07-01 | 55 days | 2,069 sqft |
2020-08-01 | 47 days | 2,100 sqft |
2020-09-01 | 46 days | 2,075 sqft |
2020-10-01 | 49 days | 2,040 sqft |
2020-11-01 | 46 days | 1,987 sqft |
2020-12-01 | 49 days | 1,910 sqft |
2021-01-01 | 51 days | 1,883 sqft |
2021-02-01 | 50 days | 1,818 sqft |
2021-03-01 | 42 days | 1,806 sqft |
2021-04-01 | 44 days | 1,800 sqft |
2021-05-01 | 43 days | 1,808 sqft |
2021-06-01 | 39 days | 1,881 sqft |
2021-07-01 | 33 days | 1,900 sqft |
2021-08-01 | 38 days | 1,832 sqft |
2021-09-01 | 42 days | 1,831 sqft |
2021-10-01 | 47 days | 1,856 sqft |
2021-11-01 | 39 days | 1,822 sqft |
2021-12-01 | 43 days | 1,776 sqft |
2022-01-01 | 53 days | 1,871 sqft |
2022-02-01 | 35 days | 1,839 sqft |
2022-03-01 | 34 days | 1,800 sqft |
2022-04-01 | 32 days | 1,820 sqft |
2022-05-01 | 25 days | 1,840 sqft |
2022-06-01 | 30 days | 1,854 sqft |
2022-07-01 | 31 days | 1,871 sqft |
2022-08-01 | 39 days | 1,893 sqft |
2022-09-01 | 44 days | 1,926 sqft |
2022-10-01 | 51 days | 1,924 sqft |
2022-11-01 | 59 days | 1,918 sqft |
2022-12-01 | 66 days | 1,924 sqft |
2023-01-01 | 71 days | 1,944 sqft |
2023-02-01 | 63 days | 1,919 sqft |
2023-03-01 | 45 days | 1,948 sqft |
2023-04-01 | 42 days | 1,972 sqft |
2023-05-01 | 50 days | 2,012 sqft |
2023-06-01 | 51 days | 2,001 sqft |
2023-07-01 | 49 days | 2,000 sqft |
2023-08-01 | 48 days | 1,951 sqft |
2023-09-01 | 47 days | 1,957 sqft |
2023-10-01 | 51 days | 1,973 sqft |
2023-11-01 | 50 days | 1,958 sqft |
2023-12-01 | 55 days | 1,970 sqft |
2024-01-01 | 64 days | 1,937 sqft |
2024-02-01 | 49 days | 1,918 sqft |
2024-03-01 | 48 days | 1,985 sqft |
2024-04-01 | 44 days | 1,960 sqft |
2024-05-01 | 42 days | 1,992 sqft |
2024-06-01 | 49 days | 1,991 sqft |
2024-07-01 | 51 days | 1,972 sqft |
2024-08-01 | 53 days | 1,935 sqft |
2024-09-01 | 56 days | 1,940 sqft |
2024-10-01 | 61 days | 1,903 sqft |
2024-11-01 | 65 days | 1,900 sqft |
2024-12-01 | 65 days | 1,885 sqft |
2025-01-01 | 70 days | 1,833 sqft |
2025-02-01 | 55 days | 1,824 sqft |
Spartanburg's median square footage for active listings during the 2025-02-01 period was 1,824 sqft. One year prior, the average listing was 1,918 sqft.