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 -0.11% for the week of 2024-06-21, compared to the national average (all USDA variants) of 0% for the same period.

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

The average rate for the prior week (2024-06-14) was 6.57% and one month ago for the week of 2024-05-17, the average rate was 6.4%.

The average rate one year ago was 6.49%.

For refis of the same type during the week of 2024-06-21, the average rate was -0.01%.

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%).