Charleston USDA Loan Rates, Closing Costs & Stats
CHARLESTON-NORTH CHARLESTON, SC
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.
Charleston's 20 lenders originated 41 USDA loans during 2024. The total origination value was $12,385,000, with an average USDA loan value of $302,073.
Charleston USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Charleston
averaged
6.23%
for the week of 2025-07-18, compared to the national average (all USDA variants) of
6.472% for the same period.
Charleston's average USDA mortgage closing costs are $6,305.
The average rate for the prior week (2025-07-11) was
6.6% and
one month ago for the week of 2025-06-13, the
average rate was 6.56%.
The average rate one year ago was 6.81%.
For refis of the same type during the week of 2025-07-18, the average rate
was 5.85%.
Charleston 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 Charleston level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| DHI MORTGAGE COMPANY, LTD. | 17 | 4.70% | $7,079 |
| VANDERBILT MORTGAGE AND FINANCE, INC. | 2 | 6.18% | $10,906 |
| MOVEMENT MORTGAGE, LLC | 2 | 6.56% | $11,170 |
| DELMAR FINANCIAL COMPANY | 1 | 6.25% | $11,659 |
| EAGLE HOME MORTGAGE, LLC | 1 | 6.00% | $14,452 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.75% | $11,055 |
| Integrity Home Mortgage Corp | 1 | 5.63% | $11,888 |
| Network Funding, L.P. | 1 | 6.13% | $8,982 |
| NORWICH COMMERCIAL GROUP, INC. | 1 | 5.75% | $10,730 |
| PLAZA HOME MORTGAGE, INC. | 1 | 7.25% | $6,645 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 6.75% | $9,355 |
| Princeton Mortgage Corporation | 1 | 6.25% | $8,431 |
| RESOURCE FINANCIAL SERVICES, INC. | 1 | 6.13% | $7,333 |
| SENTE MORTGAGE, INC. | 1 | 6.13% | $13,278 |
| Towne Bank | 1 | 5.00% | $10,236 |
| TOWNE MORTGAGE COMPANY | 1 | 5.00% | $8,866 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 6.63% | $11,666 |
| VELOCIO MORTGAGE L.L.C. | 1 | 3.99% | $6,650 |
| Ameris Bank | 1 | 6.13% | $10,000 |
| CALCON MUTUAL MORTGAGE LLC | 1 | 5.50% | $8,586 |
The top Charleston USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with
17 USDA loans originated. Their average total fees are
$7,079, which is $3,827
lower than the next largest lender,
VANDERBILT MORTGAGE AND FINANCE, INC..
The lowest fee Charleston USDA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($7,079), .
The lowest rate Charleston USDA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (4.70%), .