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 6.51% for the week of 2025-04-11, compared to the national average (all USDA variants) of 6.449% for the same period.

    North Carolina's average USDA mortgage closing costs are $5,437.

    The average rate for the prior week (2025-04-04) was 6.16% and one month ago for the week of 2025-03-07, the average rate was 6.53%.

    The average rate one year ago was 6.49%.

    For refis of the same type during the week of 2025-04-11, the average rate was 6.25%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 90 6.55% $8,920
    MOVEMENT MORTGAGE, LLC 62 6.48% $8,706
    CROSSCOUNTRY MORTGAGE, LLC 58 6.38% $8,429
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 53 6.37% $8,141
    DHI MORTGAGE COMPANY, LTD. 39 4.81% $5,284
    Alcova Mortgage LLC 37 6.42% $6,702
    UNION HOME MORTGAGE CORP. 36 6.32% $8,245
    UNITED WHOLESALE MORTGAGE, LLC 34 6.15% $9,596
    American Security Mortgage Corp. 26 6.22% $8,022
    NVR Mortgage Finance, Inc. 26 5.89% $9,854
    GUILD MORTGAGE COMPANY 25 6.42% $7,570
    GUARANTEED RATE, INC. 25 6.14% $8,485
    Renasant Bank 21 6.61% $6,086
    VELOCIO MORTGAGE L.L.C. 17 4.85% $6,862
    NEWREZ LLC 15 6.12% $8,170
    Truist 15 5.83% $8,479
    T2 FINANCIAL LLC 14 6.66% $10,697
    CORNERSTONE HOME LENDING, INC. 14 6.21% $10,814
    Blue Ridge Bank 13 6.36% $7,892
    VANDERBILT MORTGAGE AND FINANCE, INC. 13 5.45% $13,981
    United Community Bank 13 6.29% $8,017
    SeaTrust Mortgage Company 12 6.46% $7,763
    NFM, INC. 10 6.34% $9,437
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 9 6.32% $9,108
    Century Mortgage Company DBA Century Lending Company 9 6.19% $7,364
    CMG MORTGAGE, INC. 9 6.43% $8,103
    SUMMIT FUNDING, INC. 9 5.94% $9,963
    GoPrime Mortgage, Inc. 8 6.42% $7,948
    PLAZA HOME MORTGAGE, INC. 8 6.95% $6,872
    Paramount Residential Mortgage Group, Inc. 8 6.48% $6,480
    BROKER SOLUTIONS, INC. 8 6.36% $10,422
    INSPIRE HOME LOANS INC. 8 5.48% $7,219
    HOMESIDE FINANCIAL, LLC 8 6.67% $7,312
    Towne Bank 8 6.00% $9,784
    1ST SIGNATURE LENDING, LLC 8 6.31% $12,464
    FIRST HOME MORTGAGE CORPORATION 7 6.05% $13,654
    TOWNE MORTGAGE COMPANY 7 6.12% $8,042
    EMM LOANS LLC 6 6.39% $8,121
    First-Citizens Bank & Trust Company 6 5.92% $8,207
    Flagstar Bank, FSB 6 6.41% $7,383
    HOWARD HANNA FINANCIAL SERVICES, INC. 6 6.33% $7,735
    Integrity Home Mortgage Corp 6 6.60% $8,434
    PRIMARY RESIDENTIAL MORTGAGE, INC. 6 6.21% $11,043
    Prosperity Home Mortgage, LLC 6 6.35% $8,625
    LOANDEPOT.COM, LLC 5 5.95% $7,291
    ENVOY MORTGAGE, LTD 5 6.63% $10,089
    Presidential Bank, FSB 5 5.83% $12,617
    AMERICAN FINANCIAL NETWORK, INC. 5 6.43% $8,649
    AMERICAN FINANCIAL RESOURCES, INC. 5 6.45% $5,866
    North State Bank 5 6.00% $7,154
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 6.60% $7,799
    EQUITY RESOURCES, INC. 5 6.45% $5,867
    Uwharrie Bank 5 6.33% $9,192
    Mortgage Research Center, LLC 5 6.75% $3,210
    Equity Prime Mortgage LLC 5 5.98% $11,184
    HomeTrust Bank 5 6.08% $5,315
    First Bank 5 5.33% $7,302
    EAGLE HOME MORTGAGE, LLC 4 5.41% $4,996
    FIRST COMMUNITY MORTGAGE, INC. 4 6.34% $7,692
    FBC MORTGAGE, LLC 4 5.34% $12,012
    Keystone Funding, Inc. 4 5.91% $7,826
    Ixonia Bank 4 6.34% $7,963
    First National Bank of Pennsylvania 3 6.17% $6,209
    HOMESPIRE MORTGAGE CORPORATION 3 6.38% $6,079
    Loan Simple, Inc. 3 6.87% $12,126
    Magnolia Bank 3 6.32% $7,531
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 6.21% $8,253
    MID AMERICA MORTGAGE, INC. 3 6.54% $10,833
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.33% $8,513
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.67% $7,160
    MORTGAGE INVESTORS GROUP, INC. 3 6.41% $6,044
    Ameris Bank 3 5.92% $8,646
    NORWICH COMMERCIAL GROUP, INC. 3 6.42% $4,253
    PULTE MORTGAGE LLC 3 5.08% $7,282
    Advance Financial Group, LLC 3 6.50% $7,045
    JET HOMELOANS, LLC 3 5.20% $8,918
    Paramount Bank 3 6.38% $6,041
    Corporate Investors Mortgage Group, Inc. 3 6.29% $5,820
    EUSTIS AND AMERICAN MORTGAGE COMPANY 2 6.38% $6,200
    ABSOLUTE HOME MORTGAGE CORPORATION 2 6.69% $9,821
    Plains Commerce Bank 2 6.31% $10,167
    PLANET HOME LENDING, LLC 2 6.75% $8,873
    Barrington Bank & Trust Company, N.A. 2 7.00% $7,783
    Residential Acceptance Corporation 2 7.44% $7,103
    Encompass Lending Group, LP 2 6.44% $7,062
    Southern Bank and Trust Company 2 6.00% $4,203
    MICHIGAN MUTUAL, INC. 2 6.50% $5,882
    MORTGAGE FINANCIAL GROUP, INC. 2 6.00% $9,836
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 8.00% $10,080
    The Fidelity Bank 2 5.75% $7,818
    C & F Mortgage Corporation 2 7.06% $5,471
    CARDINAL FINANCIAL 2 6.50% $9,228
    First Heritage Mortgage, LLC 2 7.00% $6,877
    Fifth Third Bank 1 6.13% $7,332
    First Federal Bank 1 6.50% $6,924
    First Horizon Bank 1 6.38% $5,464
    First Reliance Bank 1 6.00% $8,931
    ACOPIA, LLC 1 6.63% $6,117
    FLAT BRANCH MORTGAGE, INC. 1 6.13% $14,024
    FREEDOM MORTGAGE CORPORATION 1 6.75% $6,493
    GENEVA FINANCIAL, LLC 1 6.63% $13,125
    DELMAR FINANCIAL COMPANY 1 6.63% $7,951
    COMPASS MORTGAGE, INC. 1 6.63% $6,124
    Hometown Equity Mortgage, LLC 1 6.63% $7,509
    CHURCHILL MORTGAGE CORPORATION 1 6.00% $7,795
    Victorian Finance, LLC 1 6.75% $8,442
    INTERCOASTAL MORTGAGE COMPANY 1 6.13% $11,490
    JMAC LENDING, INC. 1 5.88% $7,989
    LEGEND LENDING CORPORATION 1 6.38% $13,330
    MUTUAL OF OMAHA MORTGAGE, INC. 1 7.25% $6,059
    NEW FED MORTGAGE, CORP. 1 5.25% $10,153
    Capital City Home Loans, LLC 1 5.50% $9,421
    BM Real Estate Services, Inc. 1 7.13% $7,907
    ON Q FINANCIAL, INC. 1 6.75% $11,856
    BAYSHORE MORTGAGE FUNDING, LLC 1 5.99% $5,954
    PENNYMAC LOAN SERVICES, LLC 1 6.13% $6,440
    BAY CAPITAL MORTGAGE CORPORATION 1 6.25% $5,747
    VILLAGE CAPITAL MORTGAGE 1 6.38% $6,050
    V.I.P. MORTGAGE, INC. 1 5.99% $7,124
    RADIUS FINANCIAL GROUP INC. 1 6.75% $6,961
    RAPID MORTGAGE COMPANY 1 6.25% $9,939
    RESOURCE FINANCIAL SERVICES, INC. 1 6.62% $6,772
    Atlantic Coast Mortgage, LLC 1 6.13% $5,742
    SECURITYNATIONAL MORTGAGE COMPANY 1 5.25% $15,312
    SOUTHERN TRUST MORTGAGE, LLC 1 6.50% $9,435
    South Pacific Financial Corporation 1 5.13% $5,434
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.75% $2,208
    South State Bank 1 6.00% $6,123
    STOCKTON MORTGAGE CORPORATION 1 7.25% $7,772
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.50% $11,476
    SUN WEST MORTGAGE COMPANY, INC. 1 5.75% $17,639
    The Central Trust Bank 1 6.13% $6,254
    The Federal Savings Bank 1 6.13% $11,392
    Tidewater Home Funding, LLC 1 6.00% $3,395
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.63% $8,772
    Towne Mortgage, LLC 1 6.25% $7,904
    Tyndall Federal Credit Union 1 5.50% $7,132
    UNITED 1 6.88% $5,695
    AFFORDABLE MORTGAGE ADVISORS, LLC. 1 6.25% $7,841
    EVERETT FINANCIAL, INC. 1 6.50% $10,499

    The top North Carolina USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 90 USDA loans originated. Their average total fees are $8,920, which is $214 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee North Carolina USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($5,284), Renasant Bank ($6,086), Alcova Mortgage LLC ($6,702), VELOCIO MORTGAGE L.L.C. ($6,862) and GUILD MORTGAGE COMPANY ($7,570).

    The lowest rate North Carolina USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.81%), VELOCIO MORTGAGE L.L.C. (4.85%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.45%), Truist (5.83%) and NVR Mortgage Finance, Inc. (5.89%).