Wilmington USDA Loan Rates, Closing Costs & Stats
WILMINGTON, NC
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.
Wilmington's 6 lenders originated 9 USDA loans during 2023. The total origination value was $2,345,000, with an average USDA loan value of $260,556.
Wilmington USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Wilmington
averaged
6.45%
for the week of 2025-02-14, compared to the national average (all USDA variants) of
6.526% for the same period.
Wilmington's average USDA mortgage closing costs are $5,483.
The average rate for the prior week (2025-02-07) was
6.11% and
one month ago for the week of 2025-01-10, the
average rate was 6.16%.
The average rate one year ago was 6.25%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.64%.
Wilmington 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 Wilmington level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| GUARANTEED RATE, INC. | 2 | 5.90% | $9,678 |
| MOVEMENT MORTGAGE, LLC | 2 | 6.00% | $6,657 |
| Prosperity Home Mortgage, LLC | 2 | 6.63% | $6,379 |
| DHI MORTGAGE COMPANY, LTD. | 1 | 4.75% | $5,742 |
| EQUITY RESOURCES, INC. | 1 | 6.88% | $6,039 |
| Northpointe Bank | 1 | 5.63% | $10,176 |
The top Wilmington USDA lender as defined by loan originations is GUARANTEED RATE, INC., with
2 USDA loans originated. Their average total fees are
$9,678, which is $3,021
higher than the next largest lender,
MOVEMENT MORTGAGE, LLC.
The lowest fee Wilmington USDA lenders (with over 10 loans originated) are
.
The lowest rate Wilmington USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Wilmington (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 | $319,569 (3.7%) | $441,171 (6.5%) | 1.22 | 3,666 |
| 2018-02-01 | $319,950 (4.2%) | $437,674 (5.0%) | 1.20 | 3,721 |
| 2018-03-01 | $329,000 (5.4%) | $442,034 (4.3%) | 1.17 | 3,817 |
| 2018-04-01 | $330,065 (3.3%) | $450,161 (2.7%) | 1.14 | 3,860 |
| 2018-05-01 | $337,025 (3.7%) | $457,797 (2.6%) | 1.12 | 3,858 |
| 2018-06-01 | $339,000 (3.5%) | $459,372 (3.1%) | 1.12 | 3,898 |
| 2018-07-01 | $339,085 (4.3%) | $460,645 (3.0%) | 1.11 | 3,945 |
| 2018-08-01 | $337,000 (3.7%) | $459,654 (3.0%) | 1.11 | 3,932 |
| 2018-09-01 | $339,500 (4.5%) | $460,580 (3.3%) | 1.14 | 3,943 |
| 2018-10-01 | $335,000 (3.1%) | $453,831 (2.2%) | 1.15 | 3,500 |
| 2018-11-01 | $339,157 (4.4%) | $452,677 (2.0%) | 1.18 | 3,400 |
| 2018-12-01 | $330,000 (3.2%) | $447,718 (1.9%) | 1.19 | 3,361 |
| 2019-01-01 | $338,900 (6.1%) | $448,278 (1.6%) | 1.21 | 3,178 |
| 2019-02-01 | $334,900 (4.7%) | $442,677 (1.1%) | 1.18 | 3,260 |
| 2019-03-01 | $339,311 (3.1%) | $443,798 (0.4%) | 1.17 | 3,410 |
| 2019-04-01 | $343,413 (4.0%) | $447,596 (-0.6%) | 1.14 | 3,605 |
| 2019-05-01 | $349,900 (3.8%) | $461,420 (0.8%) | 1.15 | 3,634 |
| 2019-06-01 | $349,900 (3.2%) | $463,785 (1.0%) | 1.13 | 3,717 |
| 2019-07-01 | $352,000 (3.8%) | $468,438 (1.7%) | 1.15 | 3,705 |
| 2019-08-01 | $356,818 (5.9%) | $474,213 (3.2%) | 1.16 | 3,703 |
| 2019-09-01 | $360,295 (6.1%) | $478,683 (3.9%) | 1.18 | 3,665 |
| 2019-10-01 | $363,200 (8.4%) | $481,663 (6.1%) | 1.19 | 3,636 |
| 2019-11-01 | $359,000 (5.9%) | $477,518 (5.5%) | 1.18 | 3,614 |
| 2019-12-01 | $352,500 (6.8%) | $477,194 (6.6%) | 1.20 | 3,460 |
| 2020-01-01 | $352,444 (4.0%) | $476,312 (6.3%) | 1.21 | 3,303 |
| 2020-02-01 | $355,000 (6.0%) | $476,230 (7.6%) | 1.19 | 3,259 |
| 2020-03-01 | $366,368 (8.0%) | $493,487 (11.2%) | 1.19 | 3,422 |
| 2020-04-01 | $359,988 (4.8%) | $488,929 (9.2%) | 1.16 | 3,536 |
| 2020-05-01 | $365,000 (4.3%) | $496,155 (7.5%) | 1.14 | 3,454 |
| 2020-06-01 | $370,000 (5.7%) | $505,604 (9.0%) | 1.11 | 2,982 |
| 2020-07-01 | $369,250 (4.9%) | $511,555 (9.2%) | 1.09 | 2,698 |
| 2020-08-01 | $368,950 (3.4%) | $517,355 (9.1%) | 1.09 | 2,474 |
| 2020-09-01 | $369,899 (2.7%) | $524,726 (9.6%) | 1.09 | 2,298 |
| 2020-10-01 | $369,000 (1.6%) | $534,819 (11.0%) | 1.09 | 2,169 |
| 2020-11-01 | $365,000 (1.7%) | $533,767 (11.8%) | 1.11 | 2,130 |
| 2020-12-01 | $365,510 (3.7%) | $534,485 (12.0%) | 1.14 | 2,047 |
| 2021-01-01 | $359,827 (2.1%) | $541,772 (13.7%) | 1.14 | 1,774 |
| 2021-02-01 | $370,296 (4.3%) | $571,682 (20.0%) | 1.16 | 1,377 |
| 2021-03-01 | $375,056 (2.4%) | $572,199 (16.0%) | 1.12 | 1,190 |
| 2021-04-01 | $389,500 (8.2%) | $579,562 (18.5%) | 1.13 | 1,107 |
| 2021-05-01 | $410,000 (12.3%) | $633,679 (27.7%) | 1.13 | 1,013 |
| 2021-06-01 | $407,200 (10.1%) | $629,983 (24.6%) | 1.12 | 1,074 |
| 2021-07-01 | $426,500 (15.5%) | $630,848 (23.3%) | 1.19 | 1,139 |
| 2021-08-01 | $421,975 (14.4%) | $606,881 (17.3%) | 1.18 | 1,242 |
| 2021-09-01 | $417,950 (13.0%) | $592,434 (12.9%) | 1.20 | 1,307 |
| 2021-10-01 | $424,900 (15.2%) | $597,920 (11.8%) | 1.25 | 1,304 |
| 2021-11-01 | $417,450 (14.4%) | $605,116 (13.4%) | 1.32 | 1,189 |
| 2021-12-01 | $423,994 (16.0%) | $599,309 (12.1%) | 1.29 | 1,054 |
| 2022-01-01 | $431,788 (20.0%) | $613,570 (13.3%) | 1.31 | 844 |
| 2022-02-01 | $445,550 (20.3%) | $649,560 (13.6%) | 1.22 | 702 |
| 2022-03-01 | $449,950 (20.0%) | $691,744 (20.9%) | 1.18 | 693 |
| 2022-04-01 | $469,000 (20.4%) | $698,874 (20.6%) | 1.19 | 735 |
| 2022-05-01 | $484,370 (18.1%) | $692,439 (9.3%) | 1.20 | 995 |
| 2022-06-01 | $489,443 (20.2%) | $699,686 (11.1%) | 1.17 | 1,263 |
| 2022-07-01 | $499,000 (17.0%) | $713,732 (13.1%) | 1.19 | 1,587 |
| 2022-08-01 | $500,000 (18.5%) | $713,821 (17.6%) | 1.27 | 1,653 |
| 2022-09-01 | $499,526 (19.5%) | $703,823 (18.8%) | 1.27 | 1,743 |
| 2022-10-01 | $495,945 (16.7%) | $680,644 (13.8%) | 1.26 | 1,799 |
| 2022-11-01 | $487,450 (16.8%) | $656,956 (8.6%) | 1.26 | 1,895 |
| 2022-12-01 | $479,900 (13.2%) | $642,475 (7.2%) | 1.28 | 1,858 |
| 2023-01-01 | $472,500 (9.4%) | $641,501 (4.6%) | 1.30 | 1,770 |
| 2023-02-01 | $469,900 (5.5%) | $635,276 (-2.2%) | 1.28 | 1,707 |
| 2023-03-01 | $469,950 (4.5%) | $639,329 (-7.6%) | 1.24 | 1,685 |
| 2023-04-01 | $489,900 (4.5%) | $671,240 (-4.0%) | 1.28 | 1,620 |
| 2023-05-01 | $488,950 (1.0%) | $681,777 (-1.5%) | 1.26 | 1,638 |
| 2023-06-01 | $492,250 (0.6%) | $685,145 (-2.1%) | 1.24 | 1,692 |
| 2023-07-01 | $489,900 (-1.8%) | $691,391 (-3.1%) | 1.25 | 1,748 |
| 2023-08-01 | $482,300 (-3.5%) | $766,283 (7.4%) | 1.21 | 1,841 |
| 2023-09-01 | $479,900 (-3.9%) | $688,907 (-2.1%) | 1.23 | 1,957 |
| 2023-10-01 | $487,000 (-1.8%) | $681,038 (0.1%) | 1.22 | 2,161 |
| 2023-11-01 | $477,000 (-2.1%) | $670,464 (2.1%) | 1.19 | 2,394 |
| 2023-12-01 | $472,165 (-1.6%) | $657,866 (2.4%) | 1.23 | 2,352 |
| 2024-01-01 | $462,350 (-2.2%) | $642,634 (0.2%) | 1.26 | 2,288 |
| 2024-02-01 | $472,650 (0.6%) | $645,489 (1.6%) | 1.29 | 2,413 |
| 2024-03-01 | $478,500 (1.8%) | $663,856 (3.8%) | 1.27 | 2,431 |
| 2024-04-01 | $489,225 (-0.1%) | $666,407 (-0.7%) | 1.29 | 2,646 |
| 2024-05-01 | $494,950 (1.2%) | $680,827 (-0.1%) | 1.31 | 2,663 |
| 2024-06-01 | $489,900 (-0.5%) | $664,726 (-3.0%) | 1.26 | 2,827 |
| 2024-07-01 | $485,000 (-1.0%) | $666,988 (-3.5%) | 1.28 | 2,903 |
| 2024-08-01 | $475,000 (-1.5%) | $662,644 (-13.5%) | 1.28 | 2,953 |
| 2024-09-01 | $471,870 (-1.7%) | $670,315 (-2.7%) | 1.29 | 3,013 |
| 2024-10-01 | $466,500 (-4.2%) | $673,648 (-1.1%) | 1.27 | 3,092 |
| 2024-11-01 | $465,000 (-2.5%) | $660,254 (-1.5%) | 1.29 | 3,184 |
| 2024-12-01 | $468,700 (-0.7%) | $650,615 (-1.1%) | 1.32 | 2,979 |
| 2025-01-01 | $475,000 (2.7%) | $659,077 (2.6%) | 0.00 | 2,825 |
Wilmington's median listing price comes in at 0% of the national average.
Wilmington's average listing price for 2025-01-01 was $659,077, a difference of $16,443 (2.6%) versus the prior year and $8,462 versus the prior month.
For the 2025-01-01 period, Wilmington had 2,825 MLS listings, a difference of -154 listings (-5%) versus the prior month and 537 listings (23%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Wilmington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 103 days | 2,042 sqft |
| 2018-02-01 | 101 days | 2,042 sqft |
| 2018-03-01 | 72 days | 2,047 sqft |
| 2018-04-01 | 62 days | 2,062 sqft |
| 2018-05-01 | 61 days | 2,084 sqft |
| 2018-06-01 | 63 days | 2,100 sqft |
| 2018-07-01 | 64 days | 2,089 sqft |
| 2018-08-01 | 67 days | 2,066 sqft |
| 2018-09-01 | 78 days | 2,080 sqft |
| 2018-10-01 | 101 days | 2,067 sqft |
| 2018-11-01 | 102 days | 2,064 sqft |
| 2018-12-01 | 107 days | 2,044 sqft |
| 2019-01-01 | 96 days | 2,039 sqft |
| 2019-02-01 | 91 days | 2,031 sqft |
| 2019-03-01 | 76 days | 2,053 sqft |
| 2019-04-01 | 58 days | 2,074 sqft |
| 2019-05-01 | 57 days | 2,087 sqft |
| 2019-06-01 | 58 days | 2,088 sqft |
| 2019-07-01 | 63 days | 2,102 sqft |
| 2019-08-01 | 68 days | 2,106 sqft |
| 2019-09-01 | 74 days | 2,103 sqft |
| 2019-10-01 | 78 days | 2,100 sqft |
| 2019-11-01 | 75 days | 2,063 sqft |
| 2019-12-01 | 83 days | 2,057 sqft |
| 2020-01-01 | 92 days | 2,058 sqft |
| 2020-02-01 | 87 days | 2,064 sqft |
| 2020-03-01 | 65 days | 2,069 sqft |
| 2020-04-01 | 66 days | 2,050 sqft |
| 2020-05-01 | 71 days | 2,076 sqft |
| 2020-06-01 | 78 days | 2,125 sqft |
| 2020-07-01 | 70 days | 2,124 sqft |
| 2020-08-01 | 64 days | 2,118 sqft |
| 2020-09-01 | 67 days | 2,118 sqft |
| 2020-10-01 | 68 days | 2,115 sqft |
| 2020-11-01 | 69 days | 2,078 sqft |
| 2020-12-01 | 67 days | 2,075 sqft |
| 2021-01-01 | 74 days | 2,053 sqft |
| 2021-02-01 | 74 days | 2,075 sqft |
| 2021-03-01 | 49 days | 2,029 sqft |
| 2021-04-01 | 46 days | 2,064 sqft |
| 2021-05-01 | 42 days | 2,053 sqft |
| 2021-06-01 | 39 days | 1,990 sqft |
| 2021-07-01 | 39 days | 1,991 sqft |
| 2021-08-01 | 40 days | 2,002 sqft |
| 2021-09-01 | 43 days | 1,997 sqft |
| 2021-10-01 | 45 days | 2,001 sqft |
| 2021-11-01 | 51 days | 1,991 sqft |
| 2021-12-01 | 59 days | 1,968 sqft |
| 2022-01-01 | 64 days | 1,999 sqft |
| 2022-02-01 | 44 days | 1,984 sqft |
| 2022-03-01 | 33 days | 1,929 sqft |
| 2022-04-01 | 32 days | 1,940 sqft |
| 2022-05-01 | 33 days | 1,941 sqft |
| 2022-06-01 | 34 days | 1,943 sqft |
| 2022-07-01 | 37 days | 1,990 sqft |
| 2022-08-01 | 45 days | 2,014 sqft |
| 2022-09-01 | 51 days | 2,014 sqft |
| 2022-10-01 | 54 days | 2,010 sqft |
| 2022-11-01 | 60 days | 1,996 sqft |
| 2022-12-01 | 70 days | 1,973 sqft |
| 2023-01-01 | 78 days | 1,969 sqft |
| 2023-02-01 | 72 days | 1,969 sqft |
| 2023-03-01 | 52 days | 1,971 sqft |
| 2023-04-01 | 46 days | 1,983 sqft |
| 2023-05-01 | 43 days | 2,000 sqft |
| 2023-06-01 | 47 days | 2,027 sqft |
| 2023-07-01 | 45 days | 2,007 sqft |
| 2023-08-01 | 44 days | 1,953 sqft |
| 2023-09-01 | 46 days | 1,946 sqft |
| 2023-10-01 | 49 days | 1,921 sqft |
| 2023-11-01 | 51 days | 1,883 sqft |
| 2023-12-01 | 58 days | 1,871 sqft |
| 2024-01-01 | 73 days | 1,875 sqft |
| 2024-02-01 | 65 days | 1,879 sqft |
| 2024-03-01 | 53 days | 1,874 sqft |
| 2024-04-01 | 49 days | 1,867 sqft |
| 2024-05-01 | 45 days | 1,882 sqft |
| 2024-06-01 | 49 days | 1,872 sqft |
| 2024-07-01 | 54 days | 1,855 sqft |
| 2024-08-01 | 60 days | 1,864 sqft |
| 2024-09-01 | 61 days | 1,863 sqft |
| 2024-10-01 | 60 days | 1,844 sqft |
| 2024-11-01 | 64 days | 1,835 sqft |
| 2024-12-01 | 75 days | 1,840 sqft |
| 2025-01-01 | 0 days | 1,852 sqft |
Wilmington's median square footage for active listings during the 2025-01-01 period was 1,852 sqft. One year prior, the average listing was 1,875 sqft.