Spartanburg USDA Loan Rates, Closing Costs & Stats

SPARTANBURG, SC

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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.

    Spartanburg's 42 lenders originated 149 USDA loans during 2024. The total origination value was $36,525,000, with an average USDA loan value of $245,134.

    Spartanburg USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Spartanburg averaged -0.24% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

    Spartanburg's average USDA mortgage closing costs are $5,748.

    The average rate for the prior week (2025-06-13) was 6.46% and one month ago for the week of 2025-05-16, the average rate was 6.52%.

    The average rate one year ago was 6.34%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.09%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 20 5.16% $5,839
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.21% $8,790
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 10 6.30% $7,356
    NVR Mortgage Finance, Inc. 9 5.80% $8,687
    Sierra Pacific Mortgage Company, Inc. 7 6.29% $8,811
    CROSSCOUNTRY MORTGAGE, LLC 7 6.88% $8,814
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 6 6.23% $8,447
    Flagstar Bank, FSB 6 6.42% $7,215
    The Loan Store, Inc. 5 6.15% $7,641
    FBC MORTGAGE, LLC 5 5.24% $7,199
    EAGLE HOME MORTGAGE, LLC 4 5.53% $9,067
    Paramount Residential Mortgage Group, Inc. 4 6.84% $6,798
    United Community Bank 4 5.88% $7,110
    Renasant Bank 4 6.53% $9,828
    First-Citizens Bank & Trust Company 3 6.17% $6,544
    American Mortgage & Equity Consultants, Inc. 3 5.71% $8,745
    GSF Mortgage Corporation 3 6.54% $8,697
    HOWARD HANNA FINANCIAL SERVICES, INC. 3 6.54% $6,766
    INSPIRE HOME LOANS INC. 3 4.88% $7,229
    Network Funding, L.P. 3 5.50% $8,296
    UNITED WHOLESALE MORTGAGE, LLC 3 5.71% $10,568
    SOUTHPOINT FINANCIAL SERVICES, INC. 2 6.19% $4,447
    TOWNE MORTGAGE COMPANY 2 6.25% $6,538
    United Bank 2 5.63% $6,839
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.75% $10,583
    HOMESIDE FINANCIAL, LLC 1 6.75% $8,152
    OPEN MORTGAGE, LLC 1 6.63% $6,969
    GUILD MORTGAGE COMPANY 1 6.13% $7,611
    PLAZA HOME MORTGAGE, INC. 1 7.13% $9,378
    Presidential Bank, FSB 1 6.13% $8,856
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $9,384
    First Reliance Bank 1 5.50% $11,655
    First Horizon Bank 1 6.63% $6,916
    ACOPIA, LLC 1 4.88% $6,998
    T2 FINANCIAL LLC 1 7.00% $6,491
    EVANSVILLE TEACHERS 1 6.13% $5,230
    Ameris Bank 1 6.00% $7,824
    INTERLINC MORTGAGE SERVICES, LLC 1 5.75% $3,661
    LOANDEPOT.COM, LLC 1 5.50% $11,919
    Keystone Funding, Inc. 1 5.25% $8,219
    Magnolia Bank 1 6.38% $6,410
    MOVEMENT MORTGAGE, LLC 1 5.25% $9,454

    The top Spartanburg USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 20 USDA loans originated. Their average total fees are $5,839, which is $2,952 lower than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

    The lowest fee Spartanburg USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($5,839), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($7,356), PRIMELENDING, A PLAINSCAPITAL COMPANY ($8,790), .

    The lowest rate Spartanburg USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.16%), PRIMELENDING, A PLAINSCAPITAL COMPANY (6.21%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (6.30%), .