North Carolina USDA Loan Rates, Closing Costs & Stats

North Carolina

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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.

    North Carolina USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in North Carolina averaged 5.88% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

    North Carolina's average USDA mortgage closing costs are $5,209.

    The average rate for the prior week (2023-05-19) was 6.12% and one month ago for the week of 2023-04-21, the average rate was 6.03%.

    The average rate one year ago was 4.85%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.28%.

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

    North Carolina 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 North Carolina level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 233 4.91% $7,776
    MOVEMENT MORTGAGE, LLC 169 4.84% $7,286
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 96 4.68% $6,563
    CROSSCOUNTRY MORTGAGE, LLC 93 5.06% $6,896
    HOMESTAR FINANCIAL CORPORATION 67 4.85% $4,262
    Alpha Mortgage Corporation 56 4.65% $7,110
    Alcova Mortgage LLC 52 4.97% $4,724
    CALIBER HOME LOANS, INC. 43 4.62% $6,339
    Truist 42 3.88% $6,004
    American Security Mortgage Corp. 41 4.67% $6,683
    CORNERSTONE HOME LENDING, INC. 41 4.75% $8,066
    UNION HOME MORTGAGE CORP. 39 4.74% $6,240
    CARDINAL FINANCIAL 39 4.75% $8,357
    GoPrime Mortgage, Inc. 38 4.69% $6,844
    Blue Ridge Bank 38 4.59% $7,777
    NFM, INC. 36 4.65% $10,070
    GUARANTEED RATE, INC. 35 4.61% $7,322
    UNITED WHOLESALE MORTGAGE, LLC 35 4.99% $7,007
    CMG MORTGAGE, INC. 30 4.89% $8,190
    PRIMELENDING, A PLAINSCAPITAL COMPANY 28 5.04% $8,569
    HOME POINT FINANCIAL CORPORATION 24 4.24% $6,144
    Renasant Bank 24 4.50% $5,538
    United Community Bank 24 4.15% $6,632
    EMM LOANS LLC 24 4.66% $6,939
    Hometown Lenders, Inc. 24 5.12% $8,828
    PENNYMAC LOAN SERVICES, LLC 23 3.15% $5,349
    DHI MORTGAGE COMPANY, LTD. 21 3.29% $6,044
    Ameris Bank 20 4.15% $6,012
    T2 FINANCIAL LLC 19 4.45% $9,372
    Paramount Residential Mortgage Group, Inc. 18 4.00% $6,294
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 18 4.59% $7,162
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 18 5.14% $7,776
    EQUITY RESOURCES, INC. 17 4.32% $5,813
    Flagstar Bank, FSB 15 3.57% $6,132
    INSPIRE HOME LOANS INC. 15 4.76% $7,085
    Towne Bank 14 4.23% $6,934
    SeaTrust Mortgage Company 14 4.42% $8,102
    THE MORTGAGE FIRM, INC. 13 4.56% $7,229
    MID AMERICA MORTGAGE, INC. 13 4.13% $4,529
    HOMESPIRE MORTGAGE CORPORATION 13 4.49% $6,043
    SOUTHERN TRUST MORTGAGE, LLC 12 3.92% $6,912
    HOMEBRIDGE FINANCIAL SERVICES, INC. 12 4.21% $6,746
    Prosperity Home Mortgage, LLC 12 4.08% $6,253
    AMERIFIRST FINANCIAL CORPORATION 11 4.81% $8,056
    RAPID MORTGAGE COMPANY 11 4.52% $9,664
    North State Bank 11 4.00% $6,965
    Victorian Finance, LLC 11 4.58% $8,499
    OVM FINANCIAL, INC. 10 4.25% $6,439
    ANGEL OAK HOME LOANS LLC 10 5.13% $7,362
    CERTAINTY HOME LOANS, LLC 9 4.51% $8,073
    Shamrock Home Loans, Inc. 9 4.72% $9,311
    PLAZA HOME MORTGAGE, INC. 9 4.96% $8,325
    PRIMARY RESIDENTIAL MORTGAGE, INC. 9 4.58% $8,364
    Wolfe Financial, Inc 9 4.39% $5,569
    Bank of England 9 5.14% $8,013
    First Heritage Mortgage, LLC 8 4.61% $6,226
    INTERCOASTAL MORTGAGE COMPANY 8 3.91% $5,349
    Wells Fargo Bank 8 4.31% $5,602
    C & F Mortgage Corporation 8 4.14% $5,048
    First Bank 8 3.94% $5,282
    First Guaranty Mortgage Corporation 8 4.08% $6,157
    MORTGAGE SOLUTIONS OF COLORADO, LLC 7 5.46% $7,141
    TOWNE MORTGAGE COMPANY 7 3.53% $6,443
    CHURCHILL MORTGAGE CORPORATION 7 3.98% $5,893
    JET HOMELOANS, LLC 7 5.12% $6,764
    Mortgage Research Center, LLC 7 5.84% $3,434
    HOMESIDE FINANCIAL, LLC 7 4.57% $6,273
    ACADEMY MORTGAGE CORPORATION 6 5.08% $8,943
    Allen Tate Mortgage Partners, LLC 6 4.46% $5,925
    Fifth Third Bank 6 3.85% $6,113
    GUILD MORTGAGE COMPANY 6 5.17% $6,180
    HomeTrust Bank 6 4.08% $5,619
    Northpointe Bank 5 3.75% $6,326
    RESOURCE FINANCIAL SERVICES, INC. 5 4.13% $7,175
    First-Citizens Bank & Trust Company 5 5.20% $7,255
    LOANDEPOT.COM, LLC 5 3.98% $8,650
    First Horizon Bank 5 4.63% $6,109
    ACOPIA, LLC 5 4.88% $6,958
    West Town Bank & Trust 4 3.56% $7,139
    NVR Mortgage Finance, Inc. 4 3.62% $11,666
    Carrington Mortgage Services, LLC 4 2.94% $5,578
    Willamette Valley Bank 4 4.09% $8,840
    Corporate Investors Mortgage Group, Inc. 4 4.78% $7,580
    MORTGAGE FINANCIAL GROUP, INC. 4 4.00% $7,978
    VANDERBILT MORTGAGE AND FINANCE, INC. 4 4.50% $8,335
    MCLEAN MORTGAGE CORPORATION 4 4.78% $6,285
    MUTUAL OF OMAHA MORTGAGE, INC. 4 3.94% $7,826
    The Fidelity Bank 4 3.66% $7,288
    Gateway First Bank 4 5.34% $4,929
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 4.88% $5,295
    Nations Lending Corporation 3 5.38% $5,918
    ALLIED MORTGAGE GROUP, INC. 3 4.79% $7,333
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 5.50% $10,728
    BROKER SOLUTIONS, INC. 3 6.50% $7,454
    CBM Mortgage, Inc. 3 4.13% $5,252
    CIS Financial Services, Inc. 3 5.71% $6,373
    Citizens Bank 3 3.17% $5,302
    CRESCENT MORTGAGE COMPANY 3 3.33% $4,697
    DAS Acquisition Company, LLC 3 4.54% $8,313
    Equity Prime Mortgage LLC 3 5.63% $8,976
    EUSTIS AND AMERICAN MORTGAGE COMPANY 3 3.54% $7,618
    EVERETT FINANCIAL, INC. 3 5.29% $2,963
    First National Bank of Pennsylvania 3 4.50% $5,768
    First Reliance Bank 3 3.71% $4,465
    KELLER MORTGAGE, LLC 3 3.75% $5,017
    1ST SIGNATURE LENDING, LLC 3 5.75% $11,475
    PNC Bank 3 3.75% $5,170
    SUCCESS MORTGAGE PARTNERS, INC. 3 5.83% $6,804
    The Central Trust Bank 3 3.75% $5,715
    TIDEWATER MORTGAGE SERVICES, INC. 3 4.58% $5,204
    Uwharrie Bank 3 4.13% $5,183
    Southern Bank and Trust Company 2 4.00% $5,279
    FINANCE OF AMERICA MORTGAGE LLC 2 4.31% $6,642
    George Mason Mortgage, LLC 2 6.00% $9,622
    LAKEVIEW LOAN SERVICING, LLC 2 4.00% $2,314
    OCEANSIDE MORTGAGE COMPANY 2 3.25% $1,271
    American National Bank and Trust Company 2 2.69% $5,307
    Austin Capital Bank SSB 2 3.63% $7,217
    The Federal Savings Bank 2 4.63% $4,823
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 4.88% $7,595
    FREEDOM MORTGAGE CORPORATION 2 5.13% $4,542
    U.S. Bank 2 4.38% $4,908
    AMERICAN FINANCIAL RESOURCES, INC. 2 4.31% $6,599
    SECURITYNATIONAL MORTGAGE COMPANY 2 4.75% $5,869
    ON Q FINANCIAL, INC. 2 5.69% $10,471
    VAN DYK MORTGAGE CORPORATION 2 4.31% $6,463
    MORIA DEVELOPMENT, INC. 2 5.31% $10,331
    FIRST COMMUNITY MORTGAGE, INC. 2 5.31% $4,933
    MICHIGAN MUTUAL, INC. 2 5.13% $4,316
    NEWREZ LLC 2 3.94% $3,528
    ROYAL UNITED MORTGAGE LLC 1 5.63% $4,974
    RUOFF MORTGAGE COMPANY, INC. 1 5.75% $2,323
    ENVOY MORTGAGE, LTD 1 5.00% $5,687
    EAGLE HOME MORTGAGE, LLC 1 3.75% $4,786
    Shore United Bank 1 5.00% $9,325
    Sierra Pacific Mortgage Company, Inc. 1 5.63% $12,471
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 4.25% $6,204
    DIRECT MORTGAGE LOANS, LLC 1 3.50% $5,778
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 4.50% $9,097
    SUN WEST MORTGAGE COMPANY, INC. 1 2.34% $4,037
    Congressional Bank 1 4.63% $5,606
    Century Mortgage Company DBA Century Lending Company 1 5.50% $6,735
    Tidewater Home Funding, LLC 1 3.75% $3,203
    AMERICAN FINANCING CORPORATION 1 2.88% $5,066
    TJC Mortgage, Inc. 1 6.75% $7,265
    TOP FLITE FINANCIAL, INC. 1 3.50% $10,004
    BAY EQUITY LLC 1 2.99% $8,529
    Barrington Bank & Trust Company, N.A. 1 5.25% $8,701
    Towne Mortgage, LLC 1 5.13% $5,985
    BANKSOUTH MORTGAGE COMPANY, LLC 1 5.13% $7,632
    Bank of Tennessee 1 4.00% $5,615
    UNITED 1 5.25% $10,224
    United Bank 1 3.62% $4,964
    United Fidelity Funding Corp. 1 5.75% $10,451
    Atlantic Coast Mortgage, LLC 1 5.38% $5,359
    UNIVERSAL MORTGAGE & FINANCE, INC. 1 5.25% $7,553
    ARC HOME LLC 1 2.99% $4,467
    MORTGAGE EQUITY PARTNERS LLC 1 4.63% $6,122
    MORTGAGE INVESTORS GROUP, INC. 1 7.13% $4,304
    MLD MORTGAGE INC. 1 6.25% $7,982
    MY MORTGAGE, INC. 1 4.13% $5,571
    Magnolia Bank 1 7.50% $10,177
    LAND HOME FINANCIAL SERVICES, INC. 1 6.75% $8,431
    NJ LENDERS CORP. 1 3.00% $5,561
    Ixonia Bank 1 3.50% $6,505
    NTFN, INC. 1 3.13% $5,383
    HUNT MORTGAGE CORPORATION 1 5.13% $5,225
    Hometown Equity Mortgage, LLC 1 4.50% $14,989
    PANORAMA MORTGAGE GROUP, LLC 1 5.75% $7,674
    HAMILTON HOME LOANS, INC. 1 4.63% $9,848
    GUARANTY HOME MORTGAGE CORPORATION 1 5.25% $11,101
    Peoples Bank 1 7.63% $6,764
    Pinnacle Bank 1 5.63% $5,564
    PLANET HOME LENDING, LLC 1 3.75% $9,194
    AMERISAVE MORTGAGE CORPORATION 1 4.75% $6,960
    GENEVA FINANCIAL, LLC 1 3.50% $5,973
    First Federal Bank 1 5.13% $6,190
    RADIUS FINANCIAL GROUP INC. 1 3.38% $5,535
    RELIANCE FIRST CAPITAL, LLC 1 4.50% $12,235
    FBC MORTGAGE, LLC 1 3.63% $6,888

    The top North Carolina USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 233 USDA loans originated. Their average total fees are $7,776, which is $490 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee North Carolina USDA lenders (with over 10 loans originated) are HOMESTAR FINANCIAL CORPORATION ($4,262), MID AMERICA MORTGAGE, INC. ($4,529), Alcova Mortgage LLC ($4,724), PENNYMAC LOAN SERVICES, LLC ($5,349) and Renasant Bank ($5,538).

    The lowest rate North Carolina USDA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.15%), DHI MORTGAGE COMPANY, LTD. (3.29%), Flagstar Bank, FSB (3.57%), Truist (3.88%) and SOUTHERN TRUST MORTGAGE, LLC (3.92%).