Sevierville FHA Loan Rates, Closing Costs & Stats

Sevierville, TN

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Sevierville's 66 lenders originated 272 FHA loans during 2024. The total origination value was $76,730,000, with an average FHA loan value of $282,096.

    Sevierville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Sevierville averaged 0.66% for the week of 2025-07-04, compared to the national average (all FHA variants) of 0% for the same period.

    Sevierville's average FHA mortgage closing costs are $8,854.

    The average rate for the prior week (2025-06-27) was 6.95% and one month ago for the week of 2025-05-30, the average rate was 6.92%.

    The average rate one year ago was 7.35%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.14%.

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

    Sevierville FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Sevierville level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    MORTGAGE INVESTORS GROUP, INC. 34 6.36% $11,187
    UNITED WHOLESALE MORTGAGE, LLC 25 5.91% $14,842
    QUICKEN LOANS, LLC 24 5.97% $15,580
    PENNYMAC LOAN SERVICES, LLC 10 6.05% $13,318
    DHI MORTGAGE COMPANY, LTD. 8 6.16% $7,499
    MOVEMENT MORTGAGE, LLC 8 6.83% $12,084
    CROSSCOUNTRY MORTGAGE, LLC 7 6.28% $14,248
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 6.43% $12,858
    Equity Prime Mortgage LLC 5 7.00% $11,937
    Carrington Mortgage Services, LLC 5 6.78% $15,031
    AMERICAN FINANCIAL RESOURCES, INC. 5 6.78% $10,638
    LOANDEPOT.COM, LLC 5 6.18% $11,642
    STOCKTON MORTGAGE CORPORATION 5 6.53% $9,742
    FREEDOM MORTGAGE CORPORATION 4 5.88% $13,824
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.72% $14,822
    FIRST COMMUNITY MORTGAGE, INC. 3 5.83% $13,018
    NEWREZ LLC 3 6.42% $15,673
    BROKER SOLUTIONS, INC. 3 7.00% $15,258
    CARDINAL FINANCIAL 3 6.96% $12,751
    SmartBank 3 6.25% $11,273
    Wolfe Financial, Inc 3 6.83% $14,732
    Mortgage Research Center, LLC 2 5.88% $17,540
    Mr. Cooper ( Nationstar Mortgage ) 2 6.50% $8,318
    AMERISAVE MORTGAGE CORPORATION 2 5.81% $17,487
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.50% $17,756
    EMM LOANS LLC 2 6.25% $16,784
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.12% $12,246
    FirstBank 2 6.06% $11,577
    AMERICAN FINANCIAL NETWORK, INC. 2 6.63% $14,004
    SUN WEST MORTGAGE COMPANY, INC. 2 5.75% $12,688
    TOP FLITE FINANCIAL, INC. 2 7.00% $15,667
    Truist 2 6.93% $5,892
    UNION HOME MORTGAGE CORP. 2 6.56% $10,485
    GUILD MORTGAGE COMPANY 2 6.63% $12,524
    Waterstone Mortgage Corporation 2 6.94% $13,694
    CMG MORTGAGE, INC. 2 5.94% $13,615
    ZILLOW HOME LOANS, LLC 1 5.38% $15,390
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.63% $12,376
    AmeriHome Mortgage Company, LLC 1 6.13% $8,569
    Bank of England 1 7.13% $11,521
    CANOPY MORTGAGE, LLC 1 5.63% $20,109
    Century Mortgage Company DBA Century Lending Company 1 5.75% $10,360
    CORNERSTONE HOME LENDING, INC. 1 6.49% $14,077
    FIRST COLONY MORTGAGE CORPORATION 1 6.63% $16,750
    FIRST HOME MORTGAGE CORPORATION 1 6.63% $12,167
    FLAT BRANCH MORTGAGE, INC. 1 6.88% $8,411
    Gateway First Bank 1 6.25% $14,057
    HOMESIDE FINANCIAL, LLC 1 6.13% $16,766
    ISERVE RESIDENTIAL LENDING, LLC 1 6.25% $20,327
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $17,868
    MID AMERICA MORTGAGE, INC. 1 7.75% $20,062
    M&T Bank 1 6.63% $7,022
    Nations Lending Corporation 1 6.75% $13,853
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.25% $18,066
    Paramount Residential Mortgage Group, Inc. 1 6.63% $8,787
    Prosperity Home Mortgage, LLC 1 6.75% $18,579
    Regions Bank 1 6.50% $11,734
    RESIDENTIAL BANCORP 1 7.25% $19,994
    RUOFF MORTGAGE COMPANY, INC. 1 4.25% $4,760
    SOUTHEAST MORTGAGE OF GEORGIA, INC. 1 6.00% $17,192
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.63% $24,618
    T2 FINANCIAL LLC 1 5.88% $22,013
    TJC Mortgage, Inc. 1 6.13% $17,747
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.00% $9,164
    VERITAS FUNDING, LLC 1 6.50% $22,058
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.25% $7,739

    The top Sevierville FHA lender as defined by loan originations is MORTGAGE INVESTORS GROUP, INC., with 34 FHA loans originated. Their average total fees are $11,187, which is $3,655 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Sevierville FHA lenders (with over 10 loans originated) are MORTGAGE INVESTORS GROUP, INC. ($11,187), PENNYMAC LOAN SERVICES, LLC ($13,318), UNITED WHOLESALE MORTGAGE, LLC ($14,842), QUICKEN LOANS, LLC ($15,580) and .

    The lowest rate Sevierville FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.91%), QUICKEN LOANS, LLC (5.97%), PENNYMAC LOAN SERVICES, LLC (6.05%), MORTGAGE INVESTORS GROUP, INC. (6.36%) and .

    Sevierville FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    SEVIERVILLE, TN SEVIER 2022 $420,680 $538,650 $651,050 $809,150
    SEVIERVILLE, TN SEVIER 2023 $472,030 $604,400 $730,525 $907,900

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).