Athens USDA Loan Rates, Closing Costs & Stats

Athens, TN

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 -0.09% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

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

The average rate for the prior week (2024-11-22) was 6.11% and one month ago for the week of 2024-10-25, the average rate was 6.21%.

The average rate one year ago was 6.81%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.1%.

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
2024-06-01 $325,000 (1.3%) $379,676 (-8.6%) 0.00 166
2024-07-01 $321,900 (7.3%) $371,980 (-7.8%) 0.00 182
2024-08-01 $325,000 (-5.3%) $370,230 (-16.5%) 0.00 180
2024-09-01 $321,950 (-2.3%) $364,496 (-14.0%) 0.00 190
2024-10-01 $315,000 (2.0%) $351,038 (-12.8%) 0.00 206
Athens's median listing price for 2024-10-01 was $315,000, a difference of $6,100 (2.0%) versus the prior year and $-6,950 versus the prior month.

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

Athens's average listing price for 2024-10-01 was $351,038, a difference of $-51,305 (-12.8%) versus the prior year and $-13,458 versus the prior month.

For the 2024-10-01 period, Athens had 206 MLS listings, a difference of 16 listings (8%) versus the prior month and 45 listings (28%) 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
2024-06-01 0 days 1,584 sqft
2024-07-01 0 days 1,568 sqft
2024-08-01 0 days 1,772 sqft
2024-09-01 0 days 1,703 sqft
2024-10-01 0 days 1,601 sqft
Athens's median listing age (time on market) for 2024-10-01 was 0 days.

Athens's median square footage for active listings during the 2024-10-01 period was 1,601 sqft. One year prior, the average listing was 1,699 sqft.