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 59 lenders originated 225 FHA loans during 2023. The total origination value was $57,505,000, with an average FHA loan value of $255,578.
Sevierville FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Sevierville
averaged
0.28%
for the week of 2024-11-29, compared to the national average (all FHA variants) of
0% for the same period.
Sevierville's average FHA mortgage closing costs are $8,226.
The average rate for the prior week (2024-11-22) was
6.77% and
one month ago for the week of 2024-10-25, the
average rate was 6.85%.
The average rate one year ago was 7.24%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.2%.
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.
The top Sevierville FHA lender as defined by loan originations is MORTGAGE INVESTORS GROUP, INC., with
26 FHA loans originated. Their average total fees are
$10,215, which is $1,867
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Sevierville FHA lenders (with over 10 loans originated) are
FIRST COMMUNITY MORTGAGE, INC. ($9,720), MORTGAGE INVESTORS GROUP, INC. ($10,215), QUICKEN LOANS, LLC ($12,082), UNITED WHOLESALE MORTGAGE, LLC ($14,959) and .
The lowest rate Sevierville FHA lenders (with over 10 loans originated) are
FIRST COMMUNITY MORTGAGE, INC. (6.15%), QUICKEN LOANS, LLC (6.25%), UNITED WHOLESALE MORTGAGE, LLC (6.28%), MORTGAGE INVESTORS GROUP, INC. (6.49%) 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. LouisDate | 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%) | $340,126 (9.6%) | 0.00 | 841 |
2018-03-01 | $259,000 (3.6%) | $345,937 (7.6%) | 0.00 | 837 |
2018-04-01 | $260,169 (4.1%) | $353,688 (10.1%) | 0.00 | 816 |
2018-05-01 | $259,900 (1.9%) | $353,681 (8.7%) | 0.00 | 833 |
2018-06-01 | $264,900 (3.9%) | $357,073 (9.6%) | 0.00 | 863 |
2018-07-01 | $264,900 (3.9%) | $365,810 (12.0%) | 0.00 | 864 |
2018-08-01 | $264,900 (1.9%) | $366,851 (12.1%) | 0.00 | 872 |
2018-09-01 | $264,900 (1.9%) | $368,831 (11.4%) | 0.00 | 874 |
2018-10-01 | $269,900 (3.9%) | $374,051 (12.0%) | 0.00 | 847 |
2018-11-01 | $274,900 (6.2%) | $375,550 (12.6%) | 0.00 | 836 |
2018-12-01 | $274,900 (5.8%) | $383,867 (14.4%) | 0.00 | 796 |
2019-01-01 | $274,938 (5.8%) | $385,655 (13.1%) | 0.00 | 744 |
2019-02-01 | $277,000 (6.6%) | $397,787 (17.0%) | 0.00 | 711 |
2019-03-01 | $288,471 (11.4%) | $411,231 (18.9%) | 0.00 | 702 |
2019-04-01 | $299,900 (15.3%) | $426,505 (20.6%) | 0.00 | 689 |
2019-05-01 | $306,675 (18.0%) | $429,694 (21.5%) | 0.00 | 693 |
2019-06-01 | $324,900 (22.7%) | $438,688 (22.9%) | 0.00 | 705 |
2019-07-01 | $315,225 (19.0%) | $434,671 (18.8%) | 0.00 | 694 |
2019-08-01 | $321,545 (21.4%) | $437,605 (19.3%) | 0.00 | 685 |
2019-09-01 | $331,364 (25.1%) | $448,412 (21.6%) | 0.00 | 699 |
2019-10-01 | $340,750 (26.3%) | $455,620 (21.8%) | 0.00 | 711 |
2019-11-01 | $345,000 (25.5%) | $466,257 (24.2%) | 0.00 | 712 |
2019-12-01 | $358,500 (30.4%) | $492,863 (28.4%) | 0.00 | 665 |
2020-01-01 | $363,650 (32.3%) | $501,027 (29.9%) | 0.00 | 623 |
2020-02-01 | $369,900 (33.5%) | $507,270 (27.5%) | 0.00 | 574 |
2020-03-01 | $368,746 (27.8%) | $507,913 (23.5%) | 0.00 | 580 |
2020-04-01 | $354,950 (18.4%) | $496,226 (16.4%) | 0.00 | 713 |
2020-05-01 | $370,000 (20.7%) | $504,554 (17.4%) | 0.00 | 689 |
2020-06-01 | $399,900 (23.1%) | $519,150 (18.3%) | 0.00 | 641 |
2020-07-01 | $422,100 (33.9%) | $554,973 (27.7%) | 0.00 | 584 |
2020-08-01 | $440,000 (36.8%) | $571,248 (30.5%) | 0.00 | 501 |
2020-09-01 | $454,500 (37.2%) | $595,227 (32.7%) | 0.00 | 397 |
2020-10-01 | $469,900 (37.9%) | $627,881 (37.8%) | 0.00 | 331 |
2020-11-01 | $439,975 (27.5%) | $601,400 (29.0%) | 0.00 | 319 |
2020-12-01 | $479,700 (33.8%) | $643,380 (30.5%) | 0.00 | 324 |
2021-01-01 | $489,900 (34.7%) | $655,255 (30.8%) | 0.00 | 305 |
2021-02-01 | $650,000 (75.7%) | $689,586 (35.9%) | 0.00 | 379 |
2021-03-01 | $650,000 (76.3%) | $707,437 (39.3%) | 0.00 | 403 |
2021-04-01 | $650,000 (83.1%) | $717,195 (44.5%) | 0.00 | 451 |
2021-05-01 | $650,000 (75.7%) | $712,609 (41.2%) | 0.00 | 474 |
2021-06-01 | $588,425 (47.1%) | $725,379 (39.7%) | 0.00 | 436 |
2021-07-01 | $594,000 (40.7%) | $729,494 (31.5%) | 0.00 | 466 |
2021-08-01 | $584,725 (32.9%) | $734,006 (28.5%) | 0.00 | 452 |
2021-09-01 | $540,750 (19.0%) | $710,159 (19.3%) | 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 (37.7%) | 0.00 | 369 |
2021-12-01 | $661,975 (38.0%) | $816,238 (26.9%) | 0.00 | 364 |
2022-01-01 | $698,500 (42.6%) | $809,366 (23.5%) | 0.00 | 323 |
2022-02-01 | $729,900 (12.3%) | $891,367 (29.3%) | 0.00 | 328 |
2022-03-01 | $745,988 (14.8%) | $961,374 (35.9%) | 0.00 | 367 |
2022-04-01 | $765,000 (17.7%) | $1,001,604 (39.7%) | 0.00 | 481 |
2022-05-01 | $781,250 (20.2%) | $970,753 (36.2%) | 0.00 | 692 |
2022-06-01 | $760,830 (29.3%) | $945,673 (30.4%) | 0.00 | 899 |
2022-07-01 | $749,900 (26.3%) | $926,731 (27.0%) | 0.00 | 1,018 |
2022-08-01 | $744,425 (27.3%) | $917,538 (25.0%) | 0.00 | 998 |
2022-09-01 | $724,500 (34.0%) | $906,635 (27.7%) | 0.00 | 971 |
2022-10-01 | $744,450 (32.0%) | $919,732 (17.7%) | 0.00 | 951 |
2022-11-01 | $731,750 (22.0%) | $907,244 (9.6%) | 0.00 | 889 |
2022-12-01 | $725,000 (9.5%) | $901,910 (10.5%) | 0.00 | 781 |
2023-01-01 | $749,900 (7.4%) | $915,260 (13.1%) | 0.00 | 680 |
2023-02-01 | $749,450 (2.7%) | $919,428 (3.2%) | 0.00 | 677 |
2023-03-01 | $749,452 (0.5%) | $932,953 (-3.0%) | 0.00 | 692 |
2023-04-01 | $749,950 (-2.0%) | $943,794 (-5.8%) | 0.00 | 765 |
2023-05-01 | $739,950 (-5.3%) | $925,956 (-4.6%) | 0.00 | 870 |
2023-06-01 | $742,440 (-2.4%) | $936,121 (-1.0%) | 0.00 | 988 |
2023-07-01 | $745,000 (-0.7%) | $935,061 (0.9%) | 0.00 | 1,019 |
2023-08-01 | $730,000 (-1.9%) | $914,534 (-0.3%) | 0.00 | 1,121 |
2023-09-01 | $732,450 (1.1%) | $928,965 (2.5%) | 0.00 | 1,155 |
2023-10-01 | $749,000 (0.6%) | $930,845 (1.2%) | 0.00 | 1,144 |
2023-11-01 | $724,950 (-0.9%) | $918,068 (1.2%) | 0.00 | 1,163 |
2023-12-01 | $735,900 (1.5%) | $926,109 (2.7%) | 0.00 | 1,154 |
2024-01-01 | $734,950 (-2.0%) | $916,425 (0.1%) | 0.00 | 1,049 |
2024-02-01 | $719,575 (-4.0%) | $883,139 (-4.0%) | 0.00 | 1,097 |
2024-03-01 | $699,977 (-6.6%) | $869,051 (-6.9%) | 0.00 | 1,210 |
2024-04-01 | $699,900 (-6.7%) | $882,803 (-6.5%) | 0.00 | 1,388 |
2024-05-01 | $699,900 (-5.4%) | $895,406 (-3.3%) | 0.00 | 1,499 |
2024-06-01 | $699,997 (-5.7%) | $886,920 (-5.3%) | 0.00 | 1,579 |
2024-07-01 | $698,525 (-6.2%) | $874,955 (-6.4%) | 0.00 | 1,641 |
2024-08-01 | $699,000 (-4.3%) | $875,143 (-4.3%) | 0.00 | 1,621 |
2024-09-01 | $699,200 (-4.5%) | $863,407 (-7.1%) | 0.00 | 1,639 |
2024-10-01 | $698,300 (-6.8%) | $861,312 (-7.5%) | 0.00 | 1,657 |
Sevierville's median listing price comes in at 0% of the national average.
Sevierville's average listing price for 2024-10-01 was $861,312, a difference of $-69,533 (-7.5%) versus the prior year and $-2,095 versus the prior month.
For the 2024-10-01 period, Sevierville had 1,657 MLS listings, a difference of 18 listings (1%) versus the prior month and 513 listings (45%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sevierville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,900 sqft |
2018-02-01 | 0 days | 1,900 sqft |
2018-03-01 | 0 days | 1,854 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 | 1,907 sqft |
2018-08-01 | 0 days | 1,937 sqft |
2018-09-01 | 0 days | 1,932 sqft |
2018-10-01 | 0 days | 2,003 sqft |
2018-11-01 | 0 days | 1,960 sqft |
2018-12-01 | 0 days | 1,972 sqft |
2019-01-01 | 0 days | 1,968 sqft |
2019-02-01 | 0 days | 2,022 sqft |
2019-03-01 | 0 days | 2,077 sqft |
2019-04-01 | 0 days | 2,096 sqft |
2019-05-01 | 0 days | 2,089 sqft |
2019-06-01 | 0 days | 2,076 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 | 2,126 sqft |
2019-11-01 | 0 days | 2,084 sqft |
2019-12-01 | 0 days | 2,140 sqft |
2020-01-01 | 0 days | 2,151 sqft |
2020-02-01 | 0 days | 2,091 sqft |
2020-03-01 | 0 days | 2,094 sqft |
2020-04-01 | 0 days | 2,000 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 | 2,261 sqft |
2020-09-01 | 0 days | 2,186 sqft |
2020-10-01 | 0 days | 2,240 sqft |
2020-11-01 | 0 days | 2,168 sqft |
2020-12-01 | 0 days | 2,295 sqft |
2021-01-01 | 0 days | 2,241 sqft |
2021-02-01 | 0 days | 2,385 sqft |
2021-03-01 | 0 days | 2,427 sqft |
2021-04-01 | 0 days | 2,332 sqft |
2021-05-01 | 0 days | 2,210 sqft |
2021-06-01 | 0 days | 2,106 sqft |
2021-07-01 | 0 days | 2,092 sqft |
2021-08-01 | 0 days | 2,094 sqft |
2021-09-01 | 0 days | 2,038 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 | 2,066 sqft |
2022-04-01 | 0 days | 2,088 sqft |
2022-05-01 | 0 days | 2,069 sqft |
2022-06-01 | 0 days | 2,037 sqft |
2022-07-01 | 0 days | 2,031 sqft |
2022-08-01 | 0 days | 2,011 sqft |
2022-09-01 | 0 days | 2,019 sqft |
2022-10-01 | 0 days | 2,080 sqft |
2022-11-01 | 0 days | 2,049 sqft |
2022-12-01 | 0 days | 2,057 sqft |
2023-01-01 | 0 days | 2,041 sqft |
2023-02-01 | 0 days | 2,023 sqft |
2023-03-01 | 0 days | 2,016 sqft |
2023-04-01 | 0 days | 2,045 sqft |
2023-05-01 | 0 days | 2,040 sqft |
2023-06-01 | 0 days | 2,033 sqft |
2023-07-01 | 0 days | 2,042 sqft |
2023-08-01 | 0 days | 2,035 sqft |
2023-09-01 | 0 days | 2,050 sqft |
2023-10-01 | 0 days | 2,049 sqft |
2023-11-01 | 0 days | 2,024 sqft |
2023-12-01 | 0 days | 2,016 sqft |
2024-01-01 | 0 days | 1,968 sqft |
2024-02-01 | 0 days | 1,913 sqft |
2024-03-01 | 0 days | 1,914 sqft |
2024-04-01 | 0 days | 1,925 sqft |
2024-05-01 | 0 days | 1,954 sqft |
2024-06-01 | 0 days | 1,950 sqft |
2024-07-01 | 0 days | 1,943 sqft |
2024-08-01 | 0 days | 1,986 sqft |
2024-09-01 | 0 days | 2,004 sqft |
2024-10-01 | 0 days | 2,007 sqft |
Sevierville's median square footage for active listings during the 2024-10-01 period was 2,007 sqft. One year prior, the average listing was 2,049 sqft.