Sevierville FHA Loan Rates, Closing Costs & Stats

Sevierville, TN

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).