Sumter USDA Loan Rates, Closing Costs & Stats

SUMTER, 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.

    Sumter's 10 lenders originated 13 USDA loans during 2023. The total origination value was $2,285,000, with an average USDA loan value of $175,769.

    Sumter USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Sumter averaged 6.11% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Sumter's average USDA mortgage closing costs are $4,681.

    The average rate for the prior week (2025-02-07) was 6.07% and one month ago for the week of 2025-01-10, the average rate was 6.41%.

    The average rate one year ago was 6.2%.

    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.

    Sumter 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 Sumter level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Trustmark National Bank 3 6.79% $7,140
    CHURCHILL MORTGAGE CORPORATION 1 5.75% $7,867
    DHI MORTGAGE COMPANY, LTD. 1 5.99% $4,947
    Gateway First Bank 1 5.50% $7,754
    GSF Mortgage Corporation 1 6.00% $6,787
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.75% $5,358
    MOVEMENT MORTGAGE, LLC 1 6.25% $9,365
    Paramount Residential Mortgage Group, Inc. 1 6.63% $6,564
    RESOURCE FINANCIAL SERVICES, INC. 1 6.25% $7,195
    GUILD MORTGAGE COMPANY 1 6.50% $7,475

    The top Sumter USDA lender as defined by loan originations is Trustmark National Bank, with 3 USDA loans originated. Their average total fees are $7,140, which is $727 lower than the next largest lender, CHURCHILL MORTGAGE CORPORATION.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sumter (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 $149,900 (-2.5%) $165,964 (-5.5%) 0.00 454
    2018-02-01 $152,000 (-1.4%) $167,045 (-4.7%) 0.00 444
    2018-03-01 $144,950 (-9.4%) $169,613 (-3.0%) 0.00 406
    2018-04-01 $154,500 (-4.8%) $175,156 (-1.7%) 0.00 429
    2018-05-01 $154,975 (-4.8%) $176,721 (-0.2%) 0.00 430
    2018-06-01 $159,450 (-2.7%) $180,243 (1.2%) 0.00 411
    2018-07-01 $162,400 (1.5%) $186,261 (5.5%) 0.00 407
    2018-08-01 $159,900 (0.8%) $185,766 (7.1%) 0.00 396
    2018-09-01 $157,900 (0.6%) $183,310 (7.4%) 0.00 393
    2018-10-01 $149,974 (-4.4%) $182,103 (6.3%) 0.00 398
    2018-11-01 $156,575 (1.0%) $183,779 (7.9%) 0.00 388
    2018-12-01 $155,000 (1.4%) $178,428 (6.2%) 0.00 375
    2019-01-01 $155,000 (3.4%) $178,704 (7.7%) 0.00 360
    2019-02-01 $159,900 (5.2%) $179,348 (7.4%) 0.00 375
    2019-03-01 $164,186 (13.3%) $177,871 (4.9%) 0.00 403
    2019-04-01 $172,200 (11.5%) $182,323 (4.1%) 0.00 429
    2019-05-01 $181,675 (17.2%) $191,221 (8.2%) 0.00 414
    2019-06-01 $183,900 (15.3%) $194,843 (8.1%) 0.00 383
    2019-07-01 $179,900 (10.8%) $192,134 (3.2%) 0.00 360
    2019-08-01 $179,919 (12.5%) $190,365 (2.5%) 0.00 373
    2019-09-01 $179,964 (14.0%) $188,509 (2.8%) 0.00 382
    2019-10-01 $180,000 (20.0%) $187,723 (3.1%) 0.00 389
    2019-11-01 $183,900 (17.5%) $187,797 (2.2%) 0.00 372
    2019-12-01 $179,063 (15.5%) $187,439 (5.1%) 0.00 343
    2020-01-01 $185,000 (19.4%) $190,248 (6.5%) 0.00 299
    2020-02-01 $185,000 (15.7%) $190,077 (6.0%) 0.00 282
    2020-03-01 $177,000 (7.8%) $188,507 (6.0%) 0.00 278
    2020-04-01 $177,975 (3.4%) $192,368 (5.5%) 0.00 285
    2020-05-01 $175,500 (-3.4%) $191,986 (0.4%) 0.00 262
    2020-06-01 $180,400 (-1.9%) $186,466 (-4.3%) 0.00 228
    2020-07-01 $175,750 (-2.3%) $191,498 (-0.3%) 0.00 180
    2020-08-01 $180,000 (0.1%) $195,407 (2.7%) 0.00 154
    2020-09-01 $176,625 (-1.9%) $204,197 (8.3%) 0.00 143
    2020-10-01 $175,250 (-2.6%) $210,664 (12.2%) 0.00 136
    2020-11-01 $184,950 (0.6%) $216,580 (15.3%) 0.00 133
    2020-12-01 $177,725 (-0.8%) $206,140 (10.0%) 0.00 133
    2021-01-01 $172,500 (-6.8%) $192,244 (1.1%) 0.00 124
    2021-02-01 $167,750 (-9.3%) $185,331 (-2.5%) 0.00 129
    2021-03-01 $174,833 (-1.2%) $200,188 (6.2%) 0.00 118
    2021-04-01 $177,817 (-0.1%) $199,030 (3.5%) 0.00 102
    2021-05-01 $188,000 (7.1%) $213,923 (11.4%) 0.00 82
    2021-06-01 $185,000 (2.6%) $307,499 (64.9%) 0.00 89
    2021-07-01 $187,000 (6.4%) $314,239 (64.1%) 0.00 89
    2021-08-01 $203,500 (13.1%) $269,604 (38.0%) 0.00 96
    2021-09-01 $194,950 (10.4%) $268,577 (31.5%) 0.00 98
    2021-10-01 $196,000 (11.8%) $257,016 (22.0%) 0.00 128
    2021-11-01 $209,000 (13.0%) $255,833 (18.1%) 0.00 141
    2021-12-01 $212,000 (19.3%) $269,786 (30.9%) 0.00 137
    2022-01-01 $234,000 (35.7%) $243,734 (26.8%) 0.00 126
    2022-02-01 $231,725 (38.1%) $234,570 (26.6%) 0.00 117
    2022-03-01 $245,123 (40.2%) $282,196 (41.0%) 0.00 106
    2022-04-01 $252,749 (42.1%) $306,265 (53.9%) 0.00 91
    2022-05-01 $261,675 (39.2%) $298,781 (39.7%) 0.00 137
    2022-06-01 $257,500 (39.2%) $273,714 (-11.0%) 0.00 191
    2022-07-01 $260,000 (39.0%) $275,663 (-12.3%) 0.00 211
    2022-08-01 $275,175 (35.2%) $283,337 (5.1%) 0.00 262
    2022-09-01 $268,500 (37.7%) $283,721 (5.6%) 0.00 293
    2022-10-01 $269,000 (37.2%) $281,256 (9.4%) 0.00 293
    2022-11-01 $277,000 (32.5%) $281,120 (9.9%) 0.00 299
    2022-12-01 $269,500 (27.1%) $276,364 (2.4%) 0.00 324
    2023-01-01 $280,573 (19.9%) $277,307 (13.8%) 0.00 318
    2023-02-01 $289,534 (25.0%) $289,436 (23.4%) 0.00 319
    2023-03-01 $286,838 (17.0%) $288,107 (2.1%) 0.00 285
    2023-04-01 $280,826 (11.1%) $289,209 (-5.6%) 0.00 290
    2023-05-01 $275,000 (5.1%) $280,611 (-6.1%) 0.00 271
    2023-06-01 $274,850 (6.7%) $291,016 (6.3%) 0.00 273
    2023-07-01 $278,917 (7.3%) $293,743 (6.6%) 0.00 261
    2023-08-01 $278,475 (1.2%) $296,815 (4.8%) 0.00 254
    2023-09-01 $279,900 (4.3%) $294,135 (3.7%) 0.00 277
    2023-10-01 $275,450 (2.4%) $298,679 (6.2%) 0.00 298
    2023-11-01 $271,995 (-1.8%) $295,334 (5.1%) 0.00 336
    2023-12-01 $272,970 (1.3%) $298,091 (7.9%) 0.00 310
    2024-01-01 $278,225 (-0.8%) $287,761 (3.8%) 0.00 317
    2024-02-01 $274,950 (-5.0%) $286,158 (-1.1%) 0.00 315
    2024-03-01 $279,900 (-2.4%) $293,386 (1.8%) 0.00 296
    2024-04-01 $277,575 (-1.2%) $293,846 (1.6%) 0.00 258
    2024-05-01 $266,947 (-2.9%) $292,810 (4.4%) 0.00 262
    2024-06-01 $260,000 (-5.4%) $286,101 (-1.7%) 0.00 285
    2024-07-01 $259,625 (-6.9%) $290,225 (-1.2%) 0.00 282
    2024-08-01 $265,000 (-4.8%) $301,756 (1.7%) 0.00 280
    2024-09-01 $269,500 (-3.7%) $301,291 (2.4%) 0.00 308
    2024-10-01 $284,373 (3.2%) $310,032 (3.8%) 0.00 318
    2024-11-01 $275,000 (1.1%) $299,012 (1.3%) 0.00 345
    2024-12-01 $269,350 (-1.3%) $291,842 (-2.1%) 0.00 336
    2025-01-01 $270,425 (-2.8%) $288,412 (0.2%) 0.00 315
    Sumter's median listing price for 2025-01-01 was $270,425, a difference of $-7,800 (-2.8%) versus the prior year and $1,075 versus the prior month.

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

    Sumter's average listing price for 2025-01-01 was $288,412, a difference of $651 (0.2%) versus the prior year and $-3,430 versus the prior month.

    For the 2025-01-01 period, Sumter had 315 MLS listings, a difference of -21 listings (-6%) versus the prior month and -2 listings (-1%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sumter (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,856 sqft
    2018-02-01 0 days 1,863 sqft
    2018-03-01 0 days 1,854 sqft
    2018-04-01 0 days 1,898 sqft
    2018-05-01 0 days 1,912 sqft
    2018-06-01 0 days 1,911 sqft
    2018-07-01 0 days 1,931 sqft
    2018-08-01 0 days 1,963 sqft
    2018-09-01 0 days 1,923 sqft
    2018-10-01 0 days 1,856 sqft
    2018-11-01 0 days 1,904 sqft
    2018-12-01 0 days 1,907 sqft
    2019-01-01 0 days 1,908 sqft
    2019-02-01 0 days 1,922 sqft
    2019-03-01 0 days 1,942 sqft
    2019-04-01 0 days 1,985 sqft
    2019-05-01 0 days 2,042 sqft
    2019-06-01 0 days 2,030 sqft
    2019-07-01 0 days 2,019 sqft
    2019-08-01 0 days 1,984 sqft
    2019-09-01 0 days 1,987 sqft
    2019-10-01 0 days 1,994 sqft
    2019-11-01 0 days 2,029 sqft
    2019-12-01 0 days 1,979 sqft
    2020-01-01 0 days 2,004 sqft
    2020-02-01 0 days 2,000 sqft
    2020-03-01 0 days 1,961 sqft
    2020-04-01 0 days 1,947 sqft
    2020-05-01 0 days 1,925 sqft
    2020-06-01 0 days 1,921 sqft
    2020-07-01 0 days 1,889 sqft
    2020-08-01 0 days 1,921 sqft
    2020-09-01 0 days 1,911 sqft
    2020-10-01 0 days 1,933 sqft
    2020-11-01 0 days 2,004 sqft
    2020-12-01 0 days 1,942 sqft
    2021-01-01 0 days 1,927 sqft
    2021-02-01 0 days 1,877 sqft
    2021-03-01 0 days 1,922 sqft
    2021-04-01 0 days 1,913 sqft
    2021-05-01 0 days 2,017 sqft
    2021-06-01 0 days 1,956 sqft
    2021-07-01 0 days 1,935 sqft
    2021-08-01 0 days 2,025 sqft
    2021-09-01 0 days 1,935 sqft
    2021-10-01 0 days 1,957 sqft
    2021-11-01 0 days 1,978 sqft
    2021-12-01 0 days 1,959 sqft
    2022-01-01 0 days 2,038 sqft
    2022-02-01 0 days 2,186 sqft
    2022-03-01 0 days 2,117 sqft
    2022-04-01 0 days 2,130 sqft
    2022-05-01 0 days 2,159 sqft
    2022-06-01 0 days 2,063 sqft
    2022-07-01 0 days 2,076 sqft
    2022-08-01 0 days 2,156 sqft
    2022-09-01 0 days 2,125 sqft
    2022-10-01 0 days 2,108 sqft
    2022-11-01 0 days 2,151 sqft
    2022-12-01 0 days 2,115 sqft
    2023-01-01 0 days 2,147 sqft
    2023-02-01 0 days 2,162 sqft
    2023-03-01 0 days 2,125 sqft
    2023-04-01 0 days 2,140 sqft
    2023-05-01 0 days 2,086 sqft
    2023-06-01 0 days 2,106 sqft
    2023-07-01 0 days 2,143 sqft
    2023-08-01 0 days 2,152 sqft
    2023-09-01 0 days 2,106 sqft
    2023-10-01 0 days 2,105 sqft
    2023-11-01 0 days 2,060 sqft
    2023-12-01 0 days 2,097 sqft
    2024-01-01 0 days 2,088 sqft
    2024-02-01 0 days 2,084 sqft
    2024-03-01 0 days 2,158 sqft
    2024-04-01 0 days 2,137 sqft
    2024-05-01 0 days 1,997 sqft
    2024-06-01 0 days 1,915 sqft
    2024-07-01 0 days 1,933 sqft
    2024-08-01 0 days 2,000 sqft
    2024-09-01 0 days 2,037 sqft
    2024-10-01 0 days 2,130 sqft
    2024-11-01 0 days 2,083 sqft
    2024-12-01 0 days 2,013 sqft
    2025-01-01 0 days 2,058 sqft
    Sumter's median listing age (time on market) for 2025-01-01 was 0 days.

    Sumter's median square footage for active listings during the 2025-01-01 period was 2,058 sqft. One year prior, the average listing was 2,088 sqft.