Sumter USDA Loan Rates, Closing Costs & Stats
SUMTER, 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.
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
-0.12%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Sumter's average USDA mortgage closing costs are $4,681.
The average rate for the prior week (2024-11-22) was
6.08% and
one month ago for the week of 2024-10-25, the
average rate was 6.18%.
The average rate one year ago was 6.98%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.2%.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $159,995 (-0.7%) | $183,810 (-3.3%) | 0.00 | 603 |
2018-02-01 | $165,850 (3.7%) | $186,713 (-0.8%) | 0.00 | 588 |
2018-03-01 | $163,900 (-0.6%) | $188,786 (0.0%) | 0.00 | 553 |
2018-04-01 | $168,000 (0.8%) | $194,416 (1.9%) | 0.00 | 573 |
2018-05-01 | $169,650 (2.8%) | $196,130 (2.9%) | 0.00 | 570 |
2018-06-01 | $172,000 (4.0%) | $199,104 (4.5%) | 0.00 | 552 |
2018-07-01 | $173,825 (4.1%) | $205,484 (8.2%) | 0.00 | 549 |
2018-08-01 | $169,900 (3.0%) | $204,259 (8.0%) | 0.00 | 541 |
2018-09-01 | $166,928 (1.2%) | $200,399 (7.4%) | 0.00 | 533 |
2018-10-01 | $159,900 (-3.1%) | $198,562 (5.5%) | 0.00 | 540 |
2018-11-01 | $164,900 (0.0%) | $199,647 (6.6%) | 0.00 | 528 |
2018-12-01 | $167,000 (1.4%) | $196,015 (6.8%) | 0.00 | 514 |
2019-01-01 | $167,425 (4.6%) | $196,394 (6.9%) | 0.00 | 478 |
2019-02-01 | $169,925 (2.5%) | $196,863 (5.4%) | 0.00 | 501 |
2019-03-01 | $179,605 (9.6%) | $197,913 (4.8%) | 0.00 | 544 |
2019-04-01 | $184,600 (9.9%) | $201,985 (3.9%) | 0.00 | 580 |
2019-05-01 | $189,500 (11.7%) | $208,114 (6.1%) | 0.00 | 569 |
2019-06-01 | $193,620 (12.6%) | $211,001 (6.0%) | 0.00 | 532 |
2019-07-01 | $189,450 (9.0%) | $207,072 (0.8%) | 0.00 | 502 |
2019-08-01 | $186,409 (9.7%) | $204,662 (0.2%) | 0.00 | 509 |
2019-09-01 | $187,023 (12.0%) | $202,759 (1.2%) | 0.00 | 508 |
2019-10-01 | $187,432 (17.2%) | $201,755 (1.6%) | 0.00 | 504 |
2019-11-01 | $188,500 (14.3%) | $204,352 (2.4%) | 0.00 | 486 |
2019-12-01 | $186,750 (11.8%) | $204,508 (4.3%) | 0.00 | 457 |
2020-01-01 | $194,652 (16.3%) | $209,936 (6.9%) | 0.00 | 411 |
2020-02-01 | $199,000 (17.1%) | $212,513 (8.0%) | 0.00 | 398 |
2020-03-01 | $194,977 (8.6%) | $210,051 (6.1%) | 0.00 | 390 |
2020-04-01 | $194,529 (5.4%) | $212,665 (5.3%) | 0.00 | 392 |
2020-05-01 | $190,000 (0.3%) | $209,731 (0.8%) | 0.00 | 360 |
2020-06-01 | $189,500 (-2.1%) | $209,590 (-0.7%) | 0.00 | 319 |
2020-07-01 | $189,500 (0.0%) | $223,987 (8.2%) | 0.00 | 275 |
2020-08-01 | $190,450 (2.2%) | $230,373 (12.6%) | 0.00 | 243 |
2020-09-01 | $189,750 (1.5%) | $240,752 (18.7%) | 0.00 | 226 |
2020-10-01 | $191,400 (2.1%) | $244,572 (21.2%) | 0.00 | 215 |
2020-11-01 | $200,547 (6.4%) | $246,144 (20.5%) | 0.00 | 209 |
2020-12-01 | $188,250 (0.8%) | $233,015 (13.9%) | 0.00 | 202 |
2021-01-01 | $185,000 (-5.0%) | $225,825 (7.6%) | 0.00 | 188 |
2021-02-01 | $180,950 (-9.1%) | $221,496 (4.2%) | 0.00 | 186 |
2021-03-01 | $184,900 (-5.2%) | $234,719 (11.7%) | 0.00 | 176 |
2021-04-01 | $189,700 (-2.5%) | $236,778 (11.3%) | 0.00 | 154 |
2021-05-01 | $199,000 (4.7%) | $249,865 (19.1%) | 0.00 | 121 |
2021-06-01 | $189,950 (0.2%) | $319,567 (52.5%) | 0.00 | 129 |
2021-07-01 | $194,950 (2.9%) | $316,701 (41.4%) | 0.00 | 137 |
2021-08-01 | $212,200 (11.4%) | $285,193 (23.8%) | 0.00 | 131 |
2021-09-01 | $207,000 (9.1%) | $283,530 (17.8%) | 0.00 | 138 |
2021-10-01 | $200,000 (4.5%) | $276,007 (12.9%) | 0.00 | 156 |
2021-11-01 | $223,500 (11.5%) | $268,221 (9.0%) | 0.00 | 178 |
2021-12-01 | $219,700 (16.7%) | $277,226 (19.0%) | 0.00 | 176 |
2022-01-01 | $249,900 (35.1%) | $267,297 (18.4%) | 0.00 | 168 |
2022-02-01 | $254,739 (40.8%) | $257,405 (16.2%) | 0.00 | 152 |
2022-03-01 | $261,641 (41.5%) | $299,092 (27.4%) | 0.00 | 140 |
2022-04-01 | $270,170 (42.4%) | $317,582 (34.1%) | 0.00 | 131 |
2022-05-01 | $269,000 (35.2%) | $305,962 (22.5%) | 0.00 | 178 |
2022-06-01 | $269,450 (41.9%) | $283,717 (-11.2%) | 0.00 | 228 |
2022-07-01 | $279,900 (43.6%) | $292,771 (-7.6%) | 0.00 | 254 |
2022-08-01 | $289,700 (36.5%) | $301,875 (5.9%) | 0.00 | 331 |
2022-09-01 | $285,163 (37.8%) | $299,225 (5.5%) | 0.00 | 364 |
2022-10-01 | $284,563 (42.3%) | $296,899 (7.6%) | 0.00 | 375 |
2022-11-01 | $284,111 (27.1%) | $293,014 (9.2%) | 0.00 | 388 |
2022-12-01 | $275,000 (25.2%) | $286,972 (3.5%) | 0.00 | 399 |
2023-01-01 | $284,573 (13.9%) | $286,727 (7.3%) | 0.00 | 396 |
2023-02-01 | $293,249 (15.1%) | $300,482 (16.7%) | 0.00 | 394 |
2023-03-01 | $293,105 (12.0%) | $299,633 (0.2%) | 0.00 | 360 |
2023-04-01 | $285,000 (5.5%) | $296,911 (-6.5%) | 0.00 | 365 |
2023-05-01 | $279,900 (4.1%) | $291,776 (-4.6%) | 0.00 | 338 |
2023-06-01 | $282,948 (5.0%) | $302,031 (6.5%) | 0.00 | 348 |
2023-07-01 | $285,000 (1.8%) | $308,034 (5.2%) | 0.00 | 331 |
2023-08-01 | $285,950 (-1.3%) | $312,511 (3.5%) | 0.00 | 314 |
2023-09-01 | $290,000 (1.7%) | $312,036 (4.3%) | 0.00 | 355 |
2023-10-01 | $286,225 (0.6%) | $311,290 (4.9%) | 0.00 | 375 |
2023-11-01 | $279,900 (-1.5%) | $305,677 (4.3%) | 0.00 | 410 |
2023-12-01 | $287,257 (4.5%) | $315,669 (10.0%) | 0.00 | 383 |
2024-01-01 | $290,000 (1.9%) | $308,085 (7.5%) | 0.00 | 387 |
2024-02-01 | $287,000 (-2.1%) | $305,916 (1.8%) | 0.00 | 388 |
2024-03-01 | $298,500 (1.8%) | $315,273 (5.2%) | 0.00 | 366 |
2024-04-01 | $296,750 (4.1%) | $324,675 (9.4%) | 0.00 | 335 |
2024-05-01 | $287,673 (2.8%) | $317,602 (8.9%) | 0.00 | 346 |
2024-06-01 | $269,000 (-4.9%) | $308,286 (2.1%) | 0.00 | 374 |
2024-07-01 | $267,573 (-6.1%) | $305,296 (-0.9%) | 0.00 | 379 |
2024-08-01 | $276,900 (-3.2%) | $322,157 (3.1%) | 0.00 | 382 |
2024-09-01 | $287,350 (-0.9%) | $326,481 (4.6%) | 0.00 | 409 |
2024-10-01 | $295,000 (3.1%) | $325,413 (4.5%) | 0.00 | 418 |
Sumter's median listing price comes in at 0% of the national average.
Sumter's average listing price for 2024-10-01 was $325,413, a difference of $14,123 (4.5%) versus the prior year and $-1,068 versus the prior month.
For the 2024-10-01 period, Sumter had 418 MLS listings, a difference of 9 listings (2%) versus the prior month and 43 listings (11%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sumter (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,906 sqft |
2018-02-01 | 0 days | 1,910 sqft |
2018-03-01 | 0 days | 1,908 sqft |
2018-04-01 | 0 days | 1,918 sqft |
2018-05-01 | 0 days | 1,929 sqft |
2018-06-01 | 0 days | 1,918 sqft |
2018-07-01 | 0 days | 1,924 sqft |
2018-08-01 | 0 days | 1,915 sqft |
2018-09-01 | 0 days | 1,889 sqft |
2018-10-01 | 0 days | 1,857 sqft |
2018-11-01 | 0 days | 1,900 sqft |
2018-12-01 | 0 days | 1,905 sqft |
2019-01-01 | 0 days | 1,908 sqft |
2019-02-01 | 0 days | 1,910 sqft |
2019-03-01 | 0 days | 1,945 sqft |
2019-04-01 | 0 days | 1,961 sqft |
2019-05-01 | 0 days | 1,990 sqft |
2019-06-01 | 0 days | 2,003 sqft |
2019-07-01 | 0 days | 1,954 sqft |
2019-08-01 | 0 days | 1,942 sqft |
2019-09-01 | 0 days | 1,953 sqft |
2019-10-01 | 0 days | 1,965 sqft |
2019-11-01 | 0 days | 1,992 sqft |
2019-12-01 | 0 days | 1,940 sqft |
2020-01-01 | 0 days | 1,981 sqft |
2020-02-01 | 0 days | 1,959 sqft |
2020-03-01 | 0 days | 1,910 sqft |
2020-04-01 | 0 days | 1,879 sqft |
2020-05-01 | 0 days | 1,877 sqft |
2020-06-01 | 0 days | 1,871 sqft |
2020-07-01 | 0 days | 1,877 sqft |
2020-08-01 | 0 days | 1,921 sqft |
2020-09-01 | 0 days | 1,903 sqft |
2020-10-01 | 0 days | 1,951 sqft |
2020-11-01 | 0 days | 1,984 sqft |
2020-12-01 | 0 days | 1,922 sqft |
2021-01-01 | 0 days | 1,871 sqft |
2021-02-01 | 0 days | 1,862 sqft |
2021-03-01 | 0 days | 1,850 sqft |
2021-04-01 | 0 days | 1,893 sqft |
2021-05-01 | 0 days | 1,968 sqft |
2021-06-01 | 0 days | 1,921 sqft |
2021-07-01 | 0 days | 1,873 sqft |
2021-08-01 | 0 days | 1,967 sqft |
2021-09-01 | 0 days | 1,923 sqft |
2021-10-01 | 0 days | 1,952 sqft |
2021-11-01 | 0 days | 1,942 sqft |
2021-12-01 | 0 days | 1,945 sqft |
2022-01-01 | 0 days | 1,996 sqft |
2022-02-01 | 0 days | 2,035 sqft |
2022-03-01 | 0 days | 2,024 sqft |
2022-04-01 | 0 days | 2,034 sqft |
2022-05-01 | 0 days | 2,048 sqft |
2022-06-01 | 0 days | 2,003 sqft |
2022-07-01 | 0 days | 2,031 sqft |
2022-08-01 | 0 days | 2,068 sqft |
2022-09-01 | 0 days | 2,035 sqft |
2022-10-01 | 0 days | 2,026 sqft |
2022-11-01 | 0 days | 2,026 sqft |
2022-12-01 | 0 days | 2,035 sqft |
2023-01-01 | 0 days | 2,039 sqft |
2023-02-01 | 0 days | 2,086 sqft |
2023-03-01 | 0 days | 2,071 sqft |
2023-04-01 | 0 days | 2,071 sqft |
2023-05-01 | 0 days | 2,008 sqft |
2023-06-01 | 0 days | 2,006 sqft |
2023-07-01 | 0 days | 2,050 sqft |
2023-08-01 | 0 days | 1,977 sqft |
2023-09-01 | 0 days | 2,004 sqft |
2023-10-01 | 0 days | 1,983 sqft |
2023-11-01 | 0 days | 1,936 sqft |
2023-12-01 | 0 days | 1,988 sqft |
2024-01-01 | 0 days | 2,015 sqft |
2024-02-01 | 0 days | 2,019 sqft |
2024-03-01 | 0 days | 2,072 sqft |
2024-04-01 | 0 days | 2,076 sqft |
2024-05-01 | 0 days | 1,931 sqft |
2024-06-01 | 0 days | 1,865 sqft |
2024-07-01 | 0 days | 1,813 sqft |
2024-08-01 | 0 days | 1,875 sqft |
2024-09-01 | 0 days | 1,929 sqft |
2024-10-01 | 0 days | 1,989 sqft |
Sumter's median square footage for active listings during the 2024-10-01 period was 1,989 sqft. One year prior, the average listing was 1,983 sqft.