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
6.51%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
Wilmington's average USDA mortgage closing costs are $5,483.
The average rate for the prior week (2024-11-01) was
6.08% and
one month ago for the week of 2024-10-04, the
average rate was 5.9%.
The average rate one year ago was 7.44%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.39%.
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 | $329,900 (2.1%) | $482,074 (4.9%) | 1.22 | 1,797 |
| 2018-02-01 | $331,200 (1.9%) | $478,991 (2.1%) | 1.20 | 1,796 |
| 2018-03-01 | $332,900 (1.7%) | $478,421 (0.4%) | 1.17 | 1,853 |
| 2018-04-01 | $337,068 (0.6%) | $483,624 (-0.9%) | 1.14 | 1,870 |
| 2018-05-01 | $336,150 (-1.1%) | $489,390 (-1.4%) | 1.12 | 1,890 |
| 2018-06-01 | $334,900 (-0.3%) | $482,560 (-0.9%) | 1.12 | 1,982 |
| 2018-07-01 | $332,306 (0.7%) | $484,445 (-0.8%) | 1.11 | 2,088 |
| 2018-08-01 | $329,949 (-0.4%) | $481,366 (-0.9%) | 1.11 | 2,088 |
| 2018-09-01 | $339,900 (2.6%) | $486,980 (1.2%) | 1.14 | 2,078 |
| 2018-10-01 | $339,935 (3.3%) | $487,736 (2.8%) | 1.15 | 1,743 |
| 2018-11-01 | $347,838 (5.7%) | $489,096 (2.9%) | 1.18 | 1,665 |
| 2018-12-01 | $344,700 (4.8%) | $486,617 (2.7%) | 1.19 | 1,621 |
| 2019-01-01 | $349,000 (5.8%) | $495,302 (2.7%) | 1.21 | 1,490 |
| 2019-02-01 | $348,562 (5.2%) | $497,550 (3.9%) | 1.18 | 1,469 |
| 2019-03-01 | $357,143 (7.3%) | $503,587 (5.3%) | 1.17 | 1,503 |
| 2019-04-01 | $360,000 (6.8%) | $512,122 (5.9%) | 1.14 | 1,554 |
| 2019-05-01 | $367,867 (9.4%) | $530,726 (8.5%) | 1.15 | 1,592 |
| 2019-06-01 | $360,000 (7.5%) | $523,945 (8.6%) | 1.13 | 1,679 |
| 2019-07-01 | $365,867 (10.1%) | $529,045 (9.2%) | 1.15 | 1,700 |
| 2019-08-01 | $367,610 (11.4%) | $531,589 (10.4%) | 1.16 | 1,726 |
| 2019-09-01 | $368,925 (8.5%) | $533,886 (9.6%) | 1.18 | 1,734 |
| 2019-10-01 | $369,778 (8.8%) | $535,417 (9.8%) | 1.19 | 1,744 |
| 2019-11-01 | $360,000 (3.5%) | $526,504 (7.7%) | 1.18 | 1,756 |
| 2019-12-01 | $360,005 (4.4%) | $526,090 (8.1%) | 1.20 | 1,670 |
| 2020-01-01 | $362,435 (3.9%) | $530,229 (7.1%) | 1.21 | 1,586 |
| 2020-02-01 | $364,985 (4.7%) | $533,555 (7.2%) | 1.19 | 1,578 |
| 2020-03-01 | $378,500 (6.0%) | $559,494 (11.1%) | 1.19 | 1,640 |
| 2020-04-01 | $370,786 (3.0%) | $550,479 (7.5%) | 1.16 | 1,729 |
| 2020-05-01 | $375,000 (1.9%) | $558,616 (5.3%) | 1.14 | 1,690 |
| 2020-06-01 | $376,976 (4.7%) | $566,327 (8.1%) | 1.11 | 1,466 |
| 2020-07-01 | $375,000 (2.5%) | $578,044 (9.3%) | 1.09 | 1,336 |
| 2020-08-01 | $378,750 (3.0%) | $581,534 (9.4%) | 1.09 | 1,251 |
| 2020-09-01 | $379,900 (3.0%) | $582,257 (9.1%) | 1.09 | 1,167 |
| 2020-10-01 | $379,900 (2.7%) | $591,704 (10.5%) | 1.09 | 1,086 |
| 2020-11-01 | $379,250 (5.4%) | $597,234 (13.4%) | 1.11 | 1,066 |
| 2020-12-01 | $384,950 (6.9%) | $609,339 (15.8%) | 1.14 | 1,012 |
| 2021-01-01 | $381,000 (5.1%) | $627,159 (18.3%) | 1.14 | 843 |
| 2021-02-01 | $399,950 (9.6%) | $691,918 (29.7%) | 1.16 | 609 |
| 2021-03-01 | $395,833 (4.6%) | $669,844 (19.7%) | 1.12 | 527 |
| 2021-04-01 | $417,455 (12.6%) | $680,963 (23.7%) | 1.13 | 505 |
| 2021-05-01 | $424,950 (13.3%) | $715,100 (28.0%) | 1.13 | 496 |
| 2021-06-01 | $425,437 (12.9%) | $704,218 (24.4%) | 1.12 | 548 |
| 2021-07-01 | $449,500 (19.9%) | $696,464 (20.5%) | 1.19 | 572 |
| 2021-08-01 | $440,700 (16.4%) | $667,524 (14.8%) | 1.18 | 612 |
| 2021-09-01 | $449,825 (18.4%) | $667,331 (14.6%) | 1.20 | 616 |
| 2021-10-01 | $470,500 (23.9%) | $673,608 (13.8%) | 1.25 | 614 |
| 2021-11-01 | $492,200 (29.8%) | $713,014 (19.4%) | 1.32 | 533 |
| 2021-12-01 | $476,214 (23.7%) | $691,321 (13.5%) | 1.29 | 469 |
| 2022-01-01 | $485,000 (27.3%) | $707,097 (12.8%) | 1.31 | 375 |
| 2022-02-01 | $470,128 (17.6%) | $714,447 (3.3%) | 1.22 | 335 |
| 2022-03-01 | $470,950 (19.0%) | $754,304 (12.6%) | 1.18 | 330 |
| 2022-04-01 | $500,000 (19.8%) | $756,802 (11.1%) | 1.19 | 345 |
| 2022-05-01 | $523,575 (23.2%) | $754,196 (5.5%) | 1.20 | 469 |
| 2022-06-01 | $523,563 (23.1%) | $768,025 (9.1%) | 1.17 | 607 |
| 2022-07-01 | $529,900 (17.9%) | $779,657 (12.0%) | 1.19 | 786 |
| 2022-08-01 | $549,900 (24.8%) | $792,214 (18.7%) | 1.27 | 806 |
| 2022-09-01 | $541,653 (20.4%) | $775,017 (16.1%) | 1.27 | 827 |
| 2022-10-01 | $535,000 (13.7%) | $733,310 (8.9%) | 1.26 | 850 |
| 2022-11-01 | $525,000 (6.7%) | $717,311 (0.6%) | 1.26 | 875 |
| 2022-12-01 | $519,000 (9.0%) | $718,436 (3.9%) | 1.28 | 822 |
| 2023-01-01 | $524,974 (8.2%) | $737,299 (4.3%) | 1.30 | 751 |
| 2023-02-01 | $530,576 (12.9%) | $738,902 (3.4%) | 1.28 | 704 |
| 2023-03-01 | $526,876 (11.9%) | $755,452 (0.2%) | 1.24 | 678 |
| 2023-04-01 | $549,900 (10.0%) | $782,562 (3.4%) | 1.28 | 666 |
| 2023-05-01 | $557,450 (6.5%) | $794,761 (5.4%) | 1.26 | 703 |
| 2023-06-01 | $549,675 (5.0%) | $758,825 (-1.2%) | 1.24 | 764 |
| 2023-07-01 | $548,943 (3.6%) | $766,709 (-1.7%) | 1.25 | 792 |
| 2023-08-01 | $525,000 (-4.5%) | $767,248 (-3.2%) | 1.21 | 852 |
| 2023-09-01 | $526,450 (-2.8%) | $758,478 (-2.1%) | 1.23 | 898 |
| 2023-10-01 | $519,700 (-2.9%) | $741,790 (1.2%) | 1.22 | 990 |
| 2023-11-01 | $500,000 (-4.8%) | $732,648 (2.1%) | 1.19 | 1,100 |
| 2023-12-01 | $505,000 (-2.7%) | $721,087 (0.4%) | 1.23 | 1,078 |
| 2024-01-01 | $516,750 (-1.6%) | $710,724 (-3.6%) | 1.26 | 1,008 |
| 2024-02-01 | $537,475 (1.3%) | $717,106 (-3.0%) | 1.29 | 991 |
| 2024-03-01 | $540,000 (2.5%) | $756,783 (0.2%) | 1.27 | 987 |
| 2024-04-01 | $554,450 (0.8%) | $775,968 (-0.8%) | 1.29 | 1,045 |
| 2024-05-01 | $577,500 (3.6%) | $800,868 (0.8%) | 1.31 | 1,058 |
| 2024-06-01 | $560,000 (1.9%) | $787,271 (3.8%) | 1.26 | 1,187 |
| 2024-07-01 | $560,125 (2.0%) | $778,265 (1.5%) | 1.28 | 1,221 |
| 2024-08-01 | $549,900 (4.7%) | $770,982 (0.5%) | 1.28 | 1,235 |
| 2024-09-01 | $546,603 (3.8%) | $773,078 (1.9%) | 1.29 | 1,289 |
| 2024-10-01 | $539,950 (3.9%) | $782,075 (5.4%) | 1.27 | 1,320 |
Wilmington's median listing price comes in at 127% of the national average.
Wilmington's average listing price for 2024-10-01 was $782,075, a difference of $40,285 (5.4%) versus the prior year and $8,997 versus the prior month.
For the 2024-10-01 period, Wilmington had 1,320 MLS listings, a difference of 31 listings (2%) versus the prior month and 330 listings (33%) 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 | 2,150 sqft |
| 2018-02-01 | 101 days | 2,160 sqft |
| 2018-03-01 | 72 days | 2,141 sqft |
| 2018-04-01 | 62 days | 2,155 sqft |
| 2018-05-01 | 61 days | 2,159 sqft |
| 2018-06-01 | 63 days | 2,170 sqft |
| 2018-07-01 | 64 days | 2,174 sqft |
| 2018-08-01 | 67 days | 2,130 sqft |
| 2018-09-01 | 78 days | 2,153 sqft |
| 2018-10-01 | 101 days | 2,161 sqft |
| 2018-11-01 | 102 days | 2,189 sqft |
| 2018-12-01 | 107 days | 2,165 sqft |
| 2019-01-01 | 96 days | 2,191 sqft |
| 2019-02-01 | 91 days | 2,188 sqft |
| 2019-03-01 | 76 days | 2,208 sqft |
| 2019-04-01 | 58 days | 2,202 sqft |
| 2019-05-01 | 57 days | 2,214 sqft |
| 2019-06-01 | 58 days | 2,201 sqft |
| 2019-07-01 | 63 days | 2,203 sqft |
| 2019-08-01 | 68 days | 2,210 sqft |
| 2019-09-01 | 74 days | 2,203 sqft |
| 2019-10-01 | 78 days | 2,196 sqft |
| 2019-11-01 | 75 days | 2,146 sqft |
| 2019-12-01 | 83 days | 2,135 sqft |
| 2020-01-01 | 92 days | 2,152 sqft |
| 2020-02-01 | 87 days | 2,160 sqft |
| 2020-03-01 | 65 days | 2,183 sqft |
| 2020-04-01 | 66 days | 2,152 sqft |
| 2020-05-01 | 71 days | 2,177 sqft |
| 2020-06-01 | 78 days | 2,208 sqft |
| 2020-07-01 | 70 days | 2,217 sqft |
| 2020-08-01 | 64 days | 2,200 sqft |
| 2020-09-01 | 67 days | 2,191 sqft |
| 2020-10-01 | 68 days | 2,165 sqft |
| 2020-11-01 | 69 days | 2,106 sqft |
| 2020-12-01 | 67 days | 2,142 sqft |
| 2021-01-01 | 74 days | 2,131 sqft |
| 2021-02-01 | 74 days | 2,171 sqft |
| 2021-03-01 | 49 days | 2,113 sqft |
| 2021-04-01 | 46 days | 2,161 sqft |
| 2021-05-01 | 42 days | 2,097 sqft |
| 2021-06-01 | 39 days | 2,081 sqft |
| 2021-07-01 | 39 days | 2,121 sqft |
| 2021-08-01 | 40 days | 2,146 sqft |
| 2021-09-01 | 43 days | 2,131 sqft |
| 2021-10-01 | 45 days | 2,133 sqft |
| 2021-11-01 | 51 days | 2,160 sqft |
| 2021-12-01 | 59 days | 2,070 sqft |
| 2022-01-01 | 64 days | 2,115 sqft |
| 2022-02-01 | 44 days | 2,062 sqft |
| 2022-03-01 | 33 days | 1,968 sqft |
| 2022-04-01 | 32 days | 2,042 sqft |
| 2022-05-01 | 33 days | 2,067 sqft |
| 2022-06-01 | 34 days | 2,093 sqft |
| 2022-07-01 | 37 days | 2,132 sqft |
| 2022-08-01 | 45 days | 2,194 sqft |
| 2022-09-01 | 51 days | 2,234 sqft |
| 2022-10-01 | 54 days | 2,213 sqft |
| 2022-11-01 | 60 days | 2,224 sqft |
| 2022-12-01 | 70 days | 2,205 sqft |
| 2023-01-01 | 78 days | 2,200 sqft |
| 2023-02-01 | 72 days | 2,217 sqft |
| 2023-03-01 | 52 days | 2,251 sqft |
| 2023-04-01 | 46 days | 2,243 sqft |
| 2023-05-01 | 43 days | 2,248 sqft |
| 2023-06-01 | 47 days | 2,227 sqft |
| 2023-07-01 | 45 days | 2,184 sqft |
| 2023-08-01 | 44 days | 2,106 sqft |
| 2023-09-01 | 46 days | 2,059 sqft |
| 2023-10-01 | 49 days | 2,045 sqft |
| 2023-11-01 | 51 days | 1,962 sqft |
| 2023-12-01 | 58 days | 1,946 sqft |
| 2024-01-01 | 73 days | 1,980 sqft |
| 2024-02-01 | 65 days | 2,006 sqft |
| 2024-03-01 | 53 days | 1,998 sqft |
| 2024-04-01 | 49 days | 2,000 sqft |
| 2024-05-01 | 45 days | 2,008 sqft |
| 2024-06-01 | 49 days | 2,018 sqft |
| 2024-07-01 | 54 days | 2,020 sqft |
| 2024-08-01 | 60 days | 2,014 sqft |
| 2024-09-01 | 61 days | 1,993 sqft |
| 2024-10-01 | 60 days | 1,959 sqft |
Wilmington's median square footage for active listings during the 2024-10-01 period was 1,959 sqft. One year prior, the average listing was 2,045 sqft.