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).