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 6.45% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    North Carolina's average USDA mortgage closing costs are $5,312.

    The average rate for the prior week (2024-04-12) was 6.3% and one month ago for the week of 2024-03-15, the average rate was 6.48%.

    The average rate one year ago was 6.22%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.05%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 102 6.58% $9,055
    MOVEMENT MORTGAGE, LLC 74 6.45% $8,406
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 50 6.57% $7,284
    UNITED WHOLESALE MORTGAGE, LLC 37 6.15% $9,107
    CROSSCOUNTRY MORTGAGE, LLC 36 6.52% $7,766
    Alcova Mortgage LLC 31 6.66% $4,600
    HOMESTAR FINANCIAL CORPORATION 29 6.74% $3,969
    DHI MORTGAGE COMPANY, LTD. 28 5.16% $5,127
    American Security Mortgage Corp. 27 6.16% $7,560
    GUARANTEED RATE, INC. 22 6.08% $8,452
    CARDINAL FINANCIAL 20 6.16% $9,094
    Truist 20 5.81% $7,262
    UNION HOME MORTGAGE CORP. 19 6.72% $7,693
    CORNERSTONE HOME LENDING, INC. 17 6.01% $9,239
    CMG MORTGAGE, INC. 17 6.13% $8,402
    Blue Ridge Bank 15 6.47% $7,860
    NVR Mortgage Finance, Inc. 15 5.71% $10,768
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 13 6.69% $7,813
    NEWREZ LLC 13 6.64% $6,967
    United Community Bank 12 6.21% $7,140
    North State Bank 11 5.91% $8,674
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 11 6.50% $6,661
    HOMESIDE FINANCIAL, LLC 11 6.60% $8,354
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.13% $12,178
    Keystone Funding, Inc. 10 6.40% $6,877
    Renasant Bank 10 6.46% $6,689
    EQUITY RESOURCES, INC. 10 6.42% $7,118
    GoPrime Mortgage, Inc. 9 6.44% $8,586
    GUILD MORTGAGE COMPANY 9 6.75% $7,992
    NFM, INC. 8 6.70% $9,545
    PLAZA HOME MORTGAGE, INC. 8 6.14% $6,091
    T2 FINANCIAL LLC 8 6.58% $8,912
    EMM LOANS LLC 7 6.63% $7,250
    Paramount Residential Mortgage Group, Inc. 7 6.30% $7,964
    HOMESPIRE MORTGAGE CORPORATION 7 6.41% $6,475
    Prosperity Home Mortgage, LLC 6 6.58% $7,886
    Ameris Bank 6 6.44% $7,644
    Mortgage Research Center, LLC 6 6.58% $3,765
    SeaTrust Mortgage Company 6 6.42% $9,356
    TOWNE MORTGAGE COMPANY 6 6.46% $7,036
    First-Citizens Bank & Trust Company 6 6.23% $6,341
    INSPIRE HOME LOANS INC. 6 5.92% $6,462
    LOANDEPOT.COM, LLC 6 5.88% $7,839
    ACADEMY MORTGAGE CORPORATION 6 6.77% $7,584
    JET HOMELOANS, LLC 6 6.04% $8,950
    Towne Mortgage of the Carolinas, LLC 5 6.33% $7,108
    Chickasaw Community Bank 5 6.85% $6,840
    Northpointe Bank 4 5.91% $7,900
    BROKER SOLUTIONS, INC. 4 6.47% $5,262
    Bank of England 4 7.03% $5,921
    EAGLE HOME MORTGAGE, LLC 4 5.84% $5,581
    Atlantic Coast Mortgage, LLC 4 6.75% $6,461
    Integrity Home Mortgage Corp 4 6.97% $6,390
    Fifth Third Bank 4 6.25% $6,906
    Uwharrie Bank 4 6.66% $6,397
    Flagstar Bank, FSB 4 6.17% $7,399
    First Heritage Mortgage, LLC 4 5.84% $8,270
    MID AMERICA MORTGAGE, INC. 3 7.42% $6,666
    AMERICAN FINANCIAL NETWORK, INC. 3 6.24% $8,274
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.88% $6,815
    Barrington Bank & Trust Company, N.A. 3 6.75% $6,758
    Equity Prime Mortgage LLC 3 6.46% $12,392
    First Bank 3 5.79% $7,166
    First National Bank of Pennsylvania 3 6.54% $6,573
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.29% $10,866
    HomeTrust Bank 3 5.75% $6,900
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.00% $8,591
    RESOURCE FINANCIAL SERVICES, INC. 3 6.17% $7,561
    Towne Bank 3 5.21% $7,192
    C & F Mortgage Corporation 2 6.56% $5,739
    FIRST COMMUNITY MORTGAGE, INC. 2 6.13% $11,094
    Presidential Bank, FSB 2 7.19% $7,783
    The Central Trust Bank 2 6.63% $5,543
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.88% $10,432
    The Fidelity Bank 2 6.63% $4,864
    FBC MORTGAGE, LLC 2 5.56% $5,608
    First Palmetto Bank 2 6.25% $3,899
    Wells Fargo Bank 2 6.75% $4,264
    MORTGAGE SOLUTIONS OF COLORADO, LLC 2 6.81% $7,471
    AXIA FINANCIAL, LLC 2 6.31% $8,451
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.56% $6,386
    DELMAR FINANCIAL COMPANY 2 7.06% $7,333
    Victorian Finance, LLC 2 6.19% $7,340
    United Bank 2 6.31% $7,128
    First Reliance Bank 2 6.19% $6,571
    Peoples Bank 2 7.19% $6,635
    SECURITYNATIONAL MORTGAGE COMPANY 2 6.88% $7,556
    Shamrock Home Loans, Inc. 2 6.25% $6,770
    Advance Financial Group, LLC 2 6.94% $6,359
    HOWARD HANNA FINANCIAL SERVICES, INC. 2 6.63% $6,508
    Corporate Investors Mortgage Group, Inc. 2 5.63% $8,657
    NTFN, INC. 1 6.13% $7,571
    CIS Financial Services, Inc. 1 6.13% $6,170
    ON Q FINANCIAL, INC. 1 5.88% $7,168
    CHURCHILL MORTGAGE CORPORATION 1 6.63% $7,671
    Plains Commerce Bank 1 6.13% $6,627
    PLANET HOME LENDING, LLC 1 7.25% $5,503
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.25% $5,190
    CERTAINTY HOME LOANS, LLC 1 5.75% $10,899
    CBM Mortgage, Inc. 1 5.13% $15,485
    RADIUS FINANCIAL GROUP INC. 1 6.50% $6,728
    CALCON MUTUAL MORTGAGE LLC 1 6.63% $6,206
    ROYAL UNITED MORTGAGE LLC 1 7.25% $4,987
    BM Real Estate Services, Inc. 1 7.38% $6,620
    Sierra Pacific Mortgage Company, Inc. 1 6.13% $8,829
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.63% $6,786
    Southern Bank and Trust Company 1 5.38% $11,823
    South State Bank 1 7.00% $5,120
    BAYSHORE MORTGAGE FUNDING, LLC 1 5.63% $13,666
    The Federal Savings Bank 1 6.75% $7,108
    Tidewater Home Funding, LLC 1 6.38% $2,926
    TJC Mortgage, Inc. 1 6.13% $9,346
    BancorpSouth 1 5.13% $7,527
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 6.50% $5,293
    UNITED 1 7.75% $5,199
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 6.25% $9,654
    American National Bank and Trust Company 1 7.50% $7,691
    Gateway First Bank 1 7.13% $6,924
    George Mason Mortgage, LLC 1 5.99% $10,193
    FREEDOM MORTGAGE CORPORATION 1 5.88% $8,534
    GUARANTEED RATE AFFINITY, LLC 1 7.18% $6,301
    GSF Mortgage Corporation 1 6.13% $6,871
    First Savings Bank 1 6.25% $6,817
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.38% $5,641
    First Horizon Bank 1 6.63% $6,148
    FIRST HOME MORTGAGE CORPORATION 1 7.00% $7,696
    First Federal Bank 1 6.50% $9,074
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.13% $14,748
    INTERCOASTAL MORTGAGE COMPANY 1 6.38% $5,967
    Ixonia Bank 1 6.13% $18,901
    EVERETT FINANCIAL, INC. 1 6.13% $2,984
    EUSTIS AND AMERICAN MORTGAGE COMPANY 1 7.13% $8,647
    Encompass Lending Group, LP 1 5.75% $14,156
    MATTAMY HOME FUNDING, LLC 1 5.63% $6,756
    MICHIGAN MUTUAL, INC. 1 6.75% $12,131
    1ST SIGNATURE LENDING, LLC 1 6.25% $8,764
    MORTGAGE FINANCIAL GROUP, INC. 1 6.00% $8,389
    MORTGAGE INVESTORS GROUP, INC. 1 5.63% $5,689
    DIRECT MORTGAGE LOANS, LLC 1 6.49% $10,719
    VELOCIO MORTGAGE L.L.C. 1 4.25% $19,343
    DAS Acquisition Company, LLC 1 6.13% $7,495
    COMPASS MORTGAGE, INC. 1 6.63% $6,596
    Citizens Bank 1 7.00% $4,551

    The top North Carolina USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 102 USDA loans originated. Their average total fees are $9,055, which is $649 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 ($3,969), Alcova Mortgage LLC ($4,600), DHI MORTGAGE COMPANY, LTD. ($5,127), AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC ($6,661) and Renasant Bank ($6,689).

    The lowest rate North Carolina USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.16%), NVR Mortgage Finance, Inc. (5.71%), Truist (5.81%), North State Bank (5.91%) and CORNERSTONE HOME LENDING, INC. (6.01%).