North Carolina USDA Loan Rates, Closing Costs & Stats

North Carolina

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 -0.35% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

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

The average rate for the prior week (2024-02-16) was 6.23% and one month ago for the week of 2024-01-19, the average rate was 5.71%.

The average rate one year ago was 5.82%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.65%.

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%).