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 6.92% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

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

The average rate for the prior week (2025-03-28) was 7.02% and one month ago for the week of 2025-02-28, the average rate was 6.9%.

The average rate one year ago was 7.12%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.2%.

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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Sevierville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $259,900 (8.3%) $341,150 (12.3%) 0.00 869
2018-02-01 $259,900 (5.0%) $340,180 (9.6%) 0.00 841
2018-03-01 $259,000 (3.6%) $345,867 (7.6%) 0.00 836
2018-04-01 $260,169 (4.1%) $353,483 (10.1%) 0.00 818
2018-05-01 $259,900 (2.0%) $353,486 (8.7%) 0.00 835
2018-06-01 $264,900 (3.9%) $356,870 (9.6%) 0.00 865
2018-07-01 $264,900 (3.9%) $365,594 (12.0%) 0.00 866
2018-08-01 $264,900 (1.9%) $366,630 (12.0%) 0.00 874
2018-09-01 $264,900 (1.9%) $368,607 (11.3%) 0.00 875
2018-10-01 $269,900 (3.9%) $373,771 (11.9%) 0.00 849
2018-11-01 $274,900 (6.2%) $375,262 (12.5%) 0.00 838
2018-12-01 $274,900 (5.8%) $383,549 (14.3%) 0.00 798
2019-01-01 $274,950 (5.8%) $385,488 (13.0%) 0.00 745
2019-02-01 $277,000 (6.6%) $397,560 (16.9%) 0.00 713
2019-03-01 $288,471 (11.4%) $410,867 (18.8%) 0.00 704
2019-04-01 $299,900 (15.3%) $426,160 (20.6%) 0.00 691
2019-05-01 $303,725 (16.9%) $429,107 (21.4%) 0.00 695
2019-06-01 $324,900 (22.7%) $438,319 (22.8%) 0.00 706
2019-07-01 $315,225 (19.0%) $434,671 (18.9%) 0.00 694
2019-08-01 $321,545 (21.4%) $437,583 (19.4%) 0.00 685
2019-09-01 $331,364 (25.1%) $448,358 (21.6%) 0.00 700
2019-10-01 $341,350 (26.5%) $455,543 (21.9%) 0.00 712
2019-11-01 $345,000 (25.5%) $465,694 (24.1%) 0.00 714
2019-12-01 $360,750 (31.2%) $492,603 (28.4%) 0.00 668
2020-01-01 $364,900 (32.7%) $500,434 (29.8%) 0.00 625
2020-02-01 $369,950 (33.6%) $507,085 (27.6%) 0.00 575
2020-03-01 $368,746 (27.8%) $507,913 (23.6%) 0.00 580
2020-04-01 $354,950 (18.4%) $495,905 (16.4%) 0.00 714
2020-05-01 $370,000 (21.8%) $504,554 (17.6%) 0.00 689
2020-06-01 $399,900 (23.1%) $519,150 (18.4%) 0.00 641
2020-07-01 $422,075 (33.9%) $554,793 (27.6%) 0.00 583
2020-08-01 $440,000 (36.8%) $570,832 (30.5%) 0.00 500
2020-09-01 $452,225 (36.5%) $594,777 (32.7%) 0.00 396
2020-10-01 $469,900 (37.7%) $627,437 (37.7%) 0.00 330
2020-11-01 $439,950 (27.5%) $600,499 (29.0%) 0.00 319
2020-12-01 $479,475 (32.9%) $642,331 (30.4%) 0.00 325
2021-01-01 $489,900 (34.3%) $655,255 (30.9%) 0.00 305
2021-02-01 $650,000 (75.7%) $690,111 (36.1%) 0.00 378
2021-03-01 $650,000 (76.3%) $707,864 (39.4%) 0.00 403
2021-04-01 $650,000 (83.1%) $716,973 (44.6%) 0.00 450
2021-05-01 $650,000 (75.7%) $712,609 (41.2%) 0.00 475
2021-06-01 $589,450 (47.4%) $725,550 (39.8%) 0.00 436
2021-07-01 $591,950 (40.3%) $729,703 (31.5%) 0.00 465
2021-08-01 $586,175 (33.2%) $734,731 (28.7%) 0.00 451
2021-09-01 $539,750 (19.4%) $710,110 (19.4%) 0.00 427
2021-10-01 $564,000 (20.0%) $781,375 (24.5%) 0.00 399
2021-11-01 $599,900 (36.4%) $828,115 (37.9%) 0.00 369
2021-12-01 $662,000 (38.1%) $816,802 (27.2%) 0.00 364
2022-01-01 $698,500 (42.6%) $810,495 (23.7%) 0.00 322
2022-02-01 $729,900 (12.3%) $892,658 (29.4%) 0.00 327
2022-03-01 $745,988 (14.8%) $962,844 (36.0%) 0.00 365
2022-04-01 $765,000 (17.7%) $1,003,311 (39.9%) 0.00 479
2022-05-01 $784,125 (20.6%) $972,278 (36.4%) 0.00 691
2022-06-01 $760,830 (29.1%) $946,258 (30.4%) 0.00 898
2022-07-01 $749,900 (26.7%) $927,273 (27.1%) 0.00 1,016
2022-08-01 $744,425 (27.0%) $917,608 (24.9%) 0.00 997
2022-09-01 $724,725 (34.3%) $907,424 (27.8%) 0.00 969
2022-10-01 $744,450 (32.0%) $920,186 (17.8%) 0.00 949
2022-11-01 $731,750 (22.0%) $907,702 (9.6%) 0.00 887
2022-12-01 $724,950 (9.5%) $902,090 (10.4%) 0.00 780
2023-01-01 $749,900 (7.4%) $916,024 (13.0%) 0.00 678
2023-02-01 $749,450 (2.7%) $919,670 (3.0%) 0.00 675
2023-03-01 $749,452 (0.5%) $933,394 (-3.1%) 0.00 691
2023-04-01 $749,900 (-2.0%) $944,045 (-5.9%) 0.00 764
2023-05-01 $738,725 (-5.8%) $926,154 (-4.7%) 0.00 869
2023-06-01 $742,177 (-2.5%) $936,492 (-1.0%) 0.00 986
2023-07-01 $745,000 (-0.7%) $935,431 (0.9%) 0.00 1,017
2023-08-01 $730,000 (-1.9%) $915,183 (-0.3%) 0.00 1,119
2023-09-01 $730,000 (0.7%) $929,347 (2.4%) 0.00 1,152
2023-10-01 $749,000 (0.6%) $931,495 (1.2%) 0.00 1,141
2023-11-01 $726,950 (-0.7%) $918,577 (1.2%) 0.00 1,161
2023-12-01 $739,450 (2.0%) $926,584 (2.7%) 0.00 1,153
2024-01-01 $739,950 (-1.3%) $916,925 (0.1%) 0.00 1,048
2024-02-01 $725,750 (-3.2%) $883,691 (-3.9%) 0.00 1,095
2024-03-01 $700,000 (-6.6%) $869,526 (-6.8%) 0.00 1,208
2024-04-01 $699,900 (-6.7%) $882,803 (-6.5%) 0.00 1,388
2024-05-01 $699,900 (-5.3%) $893,787 (-3.5%) 0.00 1,499
2024-06-01 $699,900 (-5.7%) $885,164 (-5.5%) 0.00 1,580
2024-07-01 $698,525 (-6.2%) $874,955 (-6.5%) 0.00 1,641
2024-08-01 $699,000 (-4.3%) $875,143 (-4.4%) 0.00 1,621
2024-09-01 $699,200 (-4.2%) $863,407 (-7.1%) 0.00 1,639
2024-10-01 $698,300 (-6.8%) $861,312 (-7.5%) 0.00 1,657
2024-11-01 $694,500 (-4.5%) $868,381 (-5.5%) 0.00 1,673
2024-12-01 $682,500 (-7.7%) $865,227 (-6.6%) 0.00 1,585
2025-01-01 $677,450 (-8.5%) $859,820 (-6.2%) 0.00 1,413
2025-02-01 $674,975 (-7.0%) $857,775 (-2.9%) 0.00 1,477
2025-03-01 $675,000 (-3.6%) $864,409 (-0.6%) 0.00 1,615
Sevierville's median listing price for 2025-03-01 was $675,000, a difference of $-25,000 (-3.6%) versus the prior year and $25 versus the prior month.

Sevierville's median listing price comes in at 0% of the national average.

Sevierville's average listing price for 2025-03-01 was $864,409, a difference of $-5,117 (-0.6%) versus the prior year and $6,634 versus the prior month.

For the 2025-03-01 period, Sevierville had 1,615 MLS listings, a difference of 138 listings (9%) versus the prior month and 407 listings (34%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sevierville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,900 sqft
2018-02-01 0 days 1,899 sqft
2018-03-01 0 days 1,851 sqft
2018-04-01 0 days 1,900 sqft
2018-05-01 0 days 1,900 sqft
2018-06-01 0 days 1,900 sqft
2018-07-01 0 days 1,902 sqft
2018-08-01 0 days 1,930 sqft
2018-09-01 0 days 1,924 sqft
2018-10-01 0 days 1,986 sqft
2018-11-01 0 days 1,949 sqft
2018-12-01 0 days 1,970 sqft
2019-01-01 0 days 1,961 sqft
2019-02-01 0 days 2,009 sqft
2019-03-01 0 days 2,076 sqft
2019-04-01 0 days 2,095 sqft
2019-05-01 0 days 2,083 sqft
2019-06-01 0 days 2,074 sqft
2019-07-01 0 days 2,086 sqft
2019-08-01 0 days 2,107 sqft
2019-09-01 0 days 2,118 sqft
2019-10-01 0 days 2,125 sqft
2019-11-01 0 days 2,076 sqft
2019-12-01 0 days 2,138 sqft
2020-01-01 0 days 2,149 sqft
2020-02-01 0 days 2,088 sqft
2020-03-01 0 days 2,094 sqft
2020-04-01 0 days 1,999 sqft
2020-05-01 0 days 2,016 sqft
2020-06-01 0 days 2,158 sqft
2020-07-01 0 days 2,273 sqft
2020-08-01 0 days 2,271 sqft
2020-09-01 0 days 2,191 sqft
2020-10-01 0 days 2,237 sqft
2020-11-01 0 days 2,167 sqft
2020-12-01 0 days 2,294 sqft
2021-01-01 0 days 2,241 sqft
2021-02-01 0 days 2,398 sqft
2021-03-01 0 days 2,427 sqft
2021-04-01 0 days 2,327 sqft
2021-05-01 0 days 2,209 sqft
2021-06-01 0 days 2,106 sqft
2021-07-01 0 days 2,088 sqft
2021-08-01 0 days 2,095 sqft
2021-09-01 0 days 2,036 sqft
2021-10-01 0 days 2,088 sqft
2021-11-01 0 days 2,275 sqft
2021-12-01 0 days 2,299 sqft
2022-01-01 0 days 2,058 sqft
2022-02-01 0 days 2,058 sqft
2022-03-01 0 days 2,069 sqft
2022-04-01 0 days 2,088 sqft
2022-05-01 0 days 2,073 sqft
2022-06-01 0 days 2,038 sqft
2022-07-01 0 days 2,031 sqft
2022-08-01 0 days 2,008 sqft
2022-09-01 0 days 2,021 sqft
2022-10-01 0 days 2,080 sqft
2022-11-01 0 days 2,054 sqft
2022-12-01 0 days 2,061 sqft
2023-01-01 0 days 2,044 sqft
2023-02-01 0 days 2,026 sqft
2023-03-01 0 days 2,020 sqft
2023-04-01 0 days 2,046 sqft
2023-05-01 0 days 2,040 sqft
2023-06-01 0 days 2,035 sqft
2023-07-01 0 days 2,043 sqft
2023-08-01 0 days 2,038 sqft
2023-09-01 0 days 2,052 sqft
2023-10-01 0 days 2,051 sqft
2023-11-01 0 days 2,025 sqft
2023-12-01 0 days 2,016 sqft
2024-01-01 0 days 1,970 sqft
2024-02-01 0 days 1,918 sqft
2024-03-01 0 days 1,916 sqft
2024-04-01 0 days 1,924 sqft
2024-05-01 0 days 1,949 sqft
2024-06-01 0 days 1,939 sqft
2024-07-01 0 days 1,936 sqft
2024-08-01 0 days 1,981 sqft
2024-09-01 0 days 2,003 sqft
2024-10-01 0 days 2,001 sqft
2024-11-01 0 days 2,000 sqft
2024-12-01 0 days 1,983 sqft
2025-01-01 0 days 1,937 sqft
2025-02-01 0 days 1,923 sqft
2025-03-01 0 days 1,932 sqft
Sevierville's median listing age (time on market) for 2025-03-01 was 0 days.

Sevierville's median square footage for active listings during the 2025-03-01 period was 1,932 sqft. One year prior, the average listing was 1,916 sqft.

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).