Athens USDA Loan Rates, Closing Costs & Stats

Athens, TN

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Athens's 27 lenders originated 51 USDA loans during 2023. The total origination value was $10,695,000, with an average USDA loan value of $209,706.

    Athens USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Athens averaged 6.52% for the week of 2024-06-14, compared to the national average (all USDA variants) of 6.709% for the same period.

    Athens's average USDA mortgage closing costs are $5,130.

    The average rate for the prior week (2024-06-07) was 6.31% and one month ago for the week of 2024-05-10, the average rate was 6.7%.

    The average rate one year ago was 6.55%.

    For refis of the same type during the week of 2024-06-14, the average rate was 6.81%.

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

    Athens USDA Loan Lenders by Rates & Fees

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

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FIRST COMMUNITY MORTGAGE, INC. 5 6.25% $6,406
    MORTGAGE INVESTORS GROUP, INC. 5 6.43% $6,685
    DHI MORTGAGE COMPANY, LTD. 4 5.25% $5,132
    NEWREZ LLC 4 6.40% $8,424
    UNITED WHOLESALE MORTGAGE, LLC 3 5.92% $9,569
    CMG MORTGAGE, INC. 3 6.58% $8,426
    MOVEMENT MORTGAGE, LLC 2 6.06% $9,036
    CARDINAL FINANCIAL 2 6.44% $11,340
    Simmons Bank 2 6.75% $5,882
    AMERICAN FINANCIAL RESOURCES, INC. 2 6.94% $7,220
    First Citizens National Bank 2 6.00% $4,329
    NFM, INC. 1 5.63% $5,252
    PANORAMA MORTGAGE GROUP, LLC 1 6.25% $10,788
    Regions Bank 1 5.50% $12,188
    Renasant Bank 1 6.13% $7,629
    TJC Mortgage, Inc. 1 7.50% $10,475
    First Horizon Bank 1 5.63% $8,230
    Bank of England 1 6.63% $9,910
    BAYSHORE MORTGAGE FUNDING, LLC 1 7.13% $10,004
    Citizens Bank 1 6.63% $4,861
    Equity Prime Mortgage LLC 1 6.75% $9,641
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $8,406
    FirstBank 1 6.13% $6,444
    Affiliated Bank 1 6.25% $6,136
    Gateway First Bank 1 6.75% $6,927
    GUILD MORTGAGE COMPANY 1 6.00% $5,637
    MICHIGAN MUTUAL, INC. 1 5.25% $14,606

    The top Athens USDA lender as defined by loan originations is FIRST COMMUNITY MORTGAGE, INC., with 5 USDA loans originated. Their average total fees are $6,406, which is $279 lower than the next largest lender, MORTGAGE INVESTORS GROUP, INC..

    The lowest fee Athens USDA lenders (with over 10 loans originated) are .

    The lowest rate Athens USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Athens (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 $135,350 (3.6%) $204,617 (17.0%) 0.00 190
    2018-02-01 $138,450 (2.2%) $212,635 (16.7%) 0.00 176
    2018-03-01 $148,450 (6.6%) $216,332 (16.8%) 0.00 180
    2018-04-01 $155,000 (14.8%) $217,071 (25.9%) 0.00 200
    2018-05-01 $166,800 (20.1%) $227,205 (30.7%) 0.00 211
    2018-06-01 $169,900 (16.9%) $221,615 (25.1%) 0.00 230
    2018-07-01 $167,175 (15.4%) $224,525 (28.8%) 0.00 229
    2018-08-01 $169,900 (18.3%) $223,349 (24.3%) 0.00 234
    2018-09-01 $169,950 (14.1%) $225,544 (22.9%) 0.00 232
    2018-10-01 $175,975 (25.8%) $233,086 (25.8%) 0.00 239
    2018-11-01 $165,200 (22.4%) $229,045 (26.9%) 0.00 233
    2018-12-01 $160,000 (23.1%) $207,727 (3.2%) 0.00 214
    2019-01-01 $159,900 (18.1%) $205,098 (0.2%) 0.00 211
    2019-02-01 $165,000 (19.2%) $205,802 (-3.2%) 0.00 203
    2019-03-01 $171,914 (15.8%) $205,981 (-4.8%) 0.00 186
    2019-04-01 $177,450 (14.5%) $211,105 (-2.8%) 0.00 177
    2019-05-01 $192,325 (15.3%) $221,858 (-2.4%) 0.00 190
    2019-06-01 $189,900 (11.8%) $219,647 (-0.9%) 0.00 184
    2019-07-01 $179,900 (7.6%) $209,178 (-6.8%) 0.00 182
    2019-08-01 $177,173 (4.3%) $211,112 (-5.5%) 0.00 177
    2019-09-01 $173,082 (1.8%) $210,634 (-6.6%) 0.00 188
    2019-10-01 $172,855 (-1.8%) $211,465 (-9.3%) 0.00 191
    2019-11-01 $160,000 (-3.2%) $206,257 (-10.0%) 0.00 184
    2019-12-01 $162,900 (1.8%) $211,440 (1.8%) 0.00 184
    2020-01-01 $168,450 (5.4%) $216,276 (5.5%) 0.00 178
    2020-02-01 $170,000 (3.0%) $228,221 (10.9%) 0.00 158
    2020-03-01 $176,125 (2.5%) $228,824 (11.1%) 0.00 140
    2020-04-01 $165,125 (-7.0%) $222,863 (5.6%) 0.00 133
    2020-05-01 $189,950 (-1.2%) $251,107 (13.2%) 0.00 120
    2020-06-01 $204,325 (7.6%) $260,984 (18.8%) 0.00 107
    2020-07-01 $197,250 (9.6%) $241,656 (15.5%) 0.00 101
    2020-08-01 $209,950 (18.5%) $257,256 (21.9%) 0.00 92
    2020-09-01 $214,475 (23.9%) $268,089 (27.3%) 0.00 83
    2020-10-01 $210,000 (21.5%) $253,917 (20.1%) 0.00 87
    2020-11-01 $193,225 (20.8%) $258,052 (25.1%) 0.00 83
    2020-12-01 $174,600 (7.2%) $242,470 (14.7%) 0.00 72
    2021-01-01 $171,750 (2.0%) $265,280 (22.7%) 0.00 60
    2021-02-01 $195,350 (14.9%) $282,907 (24.0%) 0.00 49
    2021-03-01 $226,250 (28.5%) $304,468 (33.1%) 0.00 42
    2021-04-01 $252,450 (52.9%) $329,885 (48.0%) 0.00 44
    2021-05-01 $275,000 (44.8%) $373,345 (48.7%) 0.00 63
    2021-06-01 $245,000 (19.9%) $368,581 (41.2%) 0.00 80
    2021-07-01 $269,799 (36.8%) $412,679 (70.8%) 0.00 84
    2021-08-01 $233,700 (11.3%) $365,017 (41.9%) 0.00 94
    2021-09-01 $229,750 (7.1%) $367,726 (37.2%) 0.00 96
    2021-10-01 $224,950 (7.1%) $373,069 (46.9%) 0.00 81
    2021-11-01 $250,075 (29.4%) $369,595 (43.2%) 0.00 71
    2021-12-01 $272,450 (56.0%) $390,914 (61.2%) 0.00 75
    2022-01-01 $300,000 (74.7%) $423,874 (59.8%) 0.00 64
    2022-02-01 $319,184 (63.4%) $451,173 (59.5%) 0.00 67
    2022-03-01 $319,950 (41.4%) $480,360 (57.8%) 0.00 68
    2022-04-01 $310,028 (22.8%) $419,062 (27.0%) 0.00 75
    2022-05-01 $326,200 (18.6%) $423,988 (13.6%) 0.00 90
    2022-06-01 $319,950 (30.6%) $396,779 (7.7%) 0.00 99
    2022-07-01 $299,900 (11.2%) $381,474 (-7.6%) 0.00 126
    2022-08-01 $309,900 (32.6%) $393,787 (7.9%) 0.00 124
    2022-09-01 $317,450 (38.2%) $415,887 (13.1%) 0.00 131
    2022-10-01 $324,950 (44.5%) $440,068 (18.0%) 0.00 143
    2022-11-01 $329,950 (31.9%) $438,882 (18.8%) 0.00 164
    2022-12-01 $331,893 (21.8%) $447,421 (14.5%) 0.00 152
    2023-01-01 $337,649 (12.6%) $455,592 (7.5%) 0.00 118
    2023-02-01 $343,810 (7.7%) $418,588 (-7.2%) 0.00 109
    2023-03-01 $344,620 (7.7%) $437,641 (-8.9%) 0.00 101
    2023-04-01 $347,000 (11.9%) $471,775 (12.6%) 0.00 88
    2023-05-01 $316,635 (-2.9%) $412,847 (-2.6%) 0.00 128
    2023-06-01 $321,000 (0.3%) $415,279 (4.7%) 0.00 130
    2023-07-01 $299,900 (0.0%) $403,359 (5.7%) 0.00 130
    2023-08-01 $343,228 (10.8%) $443,200 (12.6%) 0.00 139
    2023-09-01 $329,500 (3.8%) $423,846 (1.9%) 0.00 147
    2023-10-01 $308,900 (-4.9%) $402,343 (-8.6%) 0.00 161
    2023-11-01 $302,100 (-8.4%) $389,103 (-11.3%) 0.00 174
    2023-12-01 $309,000 (-6.9%) $406,867 (-9.1%) 0.00 175
    2024-01-01 $320,250 (-5.2%) $403,851 (-11.4%) 0.00 158
    2024-02-01 $337,450 (-1.9%) $426,313 (1.9%) 0.00 150
    2024-03-01 $349,999 (1.6%) $434,228 (-0.8%) 0.00 141
    2024-04-01 $325,000 (-6.3%) $381,739 (-19.1%) 0.00 124
    2024-05-01 $325,000 (2.6%) $379,109 (-8.2%) 0.00 151
    Athens's median listing price for 2024-05-01 was $325,000, a difference of $8,365 (2.6%) versus the prior year and $0 versus the prior month.

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

    Athens's average listing price for 2024-05-01 was $379,109, a difference of $-33,738 (-8.2%) versus the prior year and $-2,630 versus the prior month.

    For the 2024-05-01 period, Athens had 151 MLS listings, a difference of 27 listings (22%) versus the prior month and 23 listings (18%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Athens (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,567 sqft
    2018-02-01 0 days 1,589 sqft
    2018-03-01 0 days 1,708 sqft
    2018-04-01 0 days 1,784 sqft
    2018-05-01 0 days 1,800 sqft
    2018-06-01 0 days 1,817 sqft
    2018-07-01 0 days 1,849 sqft
    2018-08-01 0 days 1,848 sqft
    2018-09-01 0 days 1,826 sqft
    2018-10-01 0 days 1,860 sqft
    2018-11-01 0 days 1,805 sqft
    2018-12-01 0 days 1,772 sqft
    2019-01-01 0 days 1,761 sqft
    2019-02-01 0 days 1,759 sqft
    2019-03-01 0 days 1,797 sqft
    2019-04-01 0 days 1,821 sqft
    2019-05-01 0 days 1,888 sqft
    2019-06-01 0 days 1,909 sqft
    2019-07-01 0 days 1,848 sqft
    2019-08-01 0 days 1,831 sqft
    2019-09-01 0 days 1,746 sqft
    2019-10-01 0 days 1,689 sqft
    2019-11-01 0 days 1,528 sqft
    2019-12-01 0 days 1,586 sqft
    2020-01-01 0 days 1,650 sqft
    2020-02-01 0 days 1,820 sqft
    2020-03-01 0 days 1,834 sqft
    2020-04-01 0 days 1,830 sqft
    2020-05-01 0 days 1,917 sqft
    2020-06-01 0 days 2,010 sqft
    2020-07-01 0 days 1,910 sqft
    2020-08-01 0 days 1,991 sqft
    2020-09-01 0 days 2,108 sqft
    2020-10-01 0 days 2,016 sqft
    2020-11-01 0 days 1,900 sqft
    2020-12-01 0 days 1,798 sqft
    2021-01-01 0 days 1,791 sqft
    2021-02-01 0 days 1,806 sqft
    2021-03-01 0 days 1,833 sqft
    2021-04-01 0 days 1,824 sqft
    2021-05-01 0 days 1,889 sqft
    2021-06-01 0 days 1,846 sqft
    2021-07-01 0 days 2,000 sqft
    2021-08-01 0 days 1,934 sqft
    2021-09-01 0 days 1,832 sqft
    2021-10-01 0 days 1,768 sqft
    2021-11-01 0 days 1,897 sqft
    2021-12-01 0 days 1,861 sqft
    2022-01-01 0 days 1,873 sqft
    2022-02-01 0 days 2,001 sqft
    2022-03-01 0 days 1,920 sqft
    2022-04-01 0 days 1,934 sqft
    2022-05-01 0 days 1,932 sqft
    2022-06-01 0 days 1,847 sqft
    2022-07-01 0 days 1,774 sqft
    2022-08-01 0 days 1,813 sqft
    2022-09-01 0 days 1,880 sqft
    2022-10-01 0 days 1,976 sqft
    2022-11-01 0 days 2,023 sqft
    2022-12-01 0 days 1,994 sqft
    2023-01-01 0 days 2,044 sqft
    2023-02-01 0 days 2,012 sqft
    2023-03-01 0 days 2,092 sqft
    2023-04-01 0 days 1,994 sqft
    2023-05-01 0 days 1,964 sqft
    2023-06-01 0 days 1,962 sqft
    2023-07-01 0 days 1,895 sqft
    2023-08-01 0 days 1,817 sqft
    2023-09-01 0 days 1,725 sqft
    2023-10-01 0 days 1,699 sqft
    2023-11-01 0 days 1,698 sqft
    2023-12-01 0 days 1,690 sqft
    2024-01-01 0 days 1,702 sqft
    2024-02-01 0 days 1,734 sqft
    2024-03-01 0 days 1,779 sqft
    2024-04-01 0 days 1,655 sqft
    2024-05-01 0 days 1,660 sqft
    Athens's median listing age (time on market) for 2024-05-01 was 0 days.

    Athens's median square footage for active listings during the 2024-05-01 period was 1,660 sqft. One year prior, the average listing was 1,964 sqft.