Raleigh USDA Loan Rates, Closing Costs & Stats

RALEIGH-CARY, NC

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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.

    Raleigh's 57 lenders originated 183 USDA loans during 2024. The total origination value was $57,725,000, with an average USDA loan value of $315,437.

    Raleigh USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Raleigh averaged 6.35% for the week of 2025-07-18, compared to the national average (all USDA variants) of 6.472% for the same period.

    Raleigh's average USDA mortgage closing costs are $5,881.

    The average rate for the prior week (2025-07-11) was 6.62% and one month ago for the week of 2025-06-13, the average rate was 6.47%.

    The average rate one year ago was 6.52%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.17%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Raleigh 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 Raleigh level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 24 6.28% $8,275
    NVR Mortgage Finance, Inc. 18 5.85% $9,254
    VANDERBILT MORTGAGE AND FINANCE, INC. 13 5.45% $13,981
    VELOCIO MORTGAGE L.L.C. 11 4.88% $7,028
    Alcova Mortgage LLC 6 6.64% $6,953
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 6 6.27% $10,458
    NFM, INC. 6 6.08% $9,453
    MOVEMENT MORTGAGE, LLC 5 6.25% $9,436
    American Security Mortgage Corp. 5 6.10% $8,107
    GUARANTEED RATE, INC. 4 6.20% $8,515
    CORNERSTONE HOME LENDING, INC. 4 5.94% $15,950
    FIRST HOME MORTGAGE CORPORATION 4 5.91% $14,811
    GUILD MORTGAGE COMPANY 4 6.31% $7,960
    SUMMIT FUNDING, INC. 4 5.87% $10,607
    Truist 4 5.53% $12,237
    PULTE MORTGAGE LLC 3 5.08% $7,282
    Towne Bank 3 5.96% $14,909
    North State Bank 3 5.92% $7,599
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 6.19% $8,945
    CROSSCOUNTRY MORTGAGE, LLC 2 6.31% $6,516
    First-Citizens Bank & Trust Company 2 5.88% $7,712
    UNITED WHOLESALE MORTGAGE, LLC 2 6.75% $12,524
    HOMESPIRE MORTGAGE CORPORATION 2 6.56% $5,134
    LOANDEPOT.COM, LLC 2 5.87% $5,762
    Loan Simple, Inc. 2 7.00% $13,172
    NEWREZ LLC 2 6.63% $8,913
    Presidential Bank, FSB 2 6.13% $12,568
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 5.94% $11,268
    T2 FINANCIAL LLC 2 6.13% $8,233
    TOWNE MORTGAGE COMPANY 2 6.44% $7,759
    UNION HOME MORTGAGE CORP. 2 6.25% $10,059
    United Community Bank 2 6.25% $9,316
    NORWICH COMMERCIAL GROUP, INC. 1 6.25% $5,291
    CARDINAL FINANCIAL 1 6.75% $6,651
    PLAZA HOME MORTGAGE, INC. 1 7.25% $11,864
    EQUITY RESOURCES, INC. 1 5.88% $6,628
    FBC MORTGAGE, LLC 1 5.88% $13,994
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.99% $7,422
    Prosperity Home Mortgage, LLC 1 6.49% $7,576
    GENEVA FINANCIAL, LLC 1 6.63% $13,125
    SeaTrust Mortgage Company 1 5.62% $6,819
    STOCKTON MORTGAGE CORPORATION 1 7.25% $7,772
    SUCCESS MORTGAGE PARTNERS, INC. 1 6.50% $11,476
    BROKER SOLUTIONS, INC. 1 6.75% $11,194
    SUN WEST MORTGAGE COMPANY, INC. 1 5.75% $17,639
    EAGLE HOME MORTGAGE, LLC 1 5.75% $4,957
    The Federal Savings Bank 1 6.13% $11,392
    Capital City Home Loans, LLC 1 5.50% $9,421
    First Heritage Mortgage, LLC 1 6.75% $7,335
    Hometown Equity Mortgage, LLC 1 6.63% $7,509
    JET HOMELOANS, LLC 1 4.99% $6,298
    Equity Prime Mortgage LLC 1 5.25% $16,540
    V.I.P. MORTGAGE, INC. 1 5.99% $7,124
    CMG MORTGAGE, INC. 1 6.50% $6,257
    Tyndall Federal Credit Union 1 5.50% $7,132
    Century Mortgage Company DBA Century Lending Company 1 5.63% $17,299
    Corporate Investors Mortgage Group, Inc. 1 6.50% $7,294

    The top Raleigh USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 24 USDA loans originated. Their average total fees are $8,275, which is $979 lower than the next largest lender, NVR Mortgage Finance, Inc..

    The lowest fee Raleigh USDA lenders (with over 10 loans originated) are VELOCIO MORTGAGE L.L.C. ($7,028), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,275), NVR Mortgage Finance, Inc. ($9,254), VANDERBILT MORTGAGE AND FINANCE, INC. ($13,981) and .

    The lowest rate Raleigh USDA lenders (with over 10 loans originated) are VELOCIO MORTGAGE L.L.C. (4.88%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.45%), NVR Mortgage Finance, Inc. (5.85%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.28%) and .