Chattanooga USDA Loan Rates, Closing Costs & Stats
CHATTANOOGA, TN-GA
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.
Chattanooga's 42 lenders originated 97 USDA loans during 2023. The total origination value was $20,205,000, with an average USDA loan value of $208,299.
Chattanooga USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Chattanooga
averaged
0.18%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Chattanooga's average USDA mortgage closing costs are $5,372.
The average rate for the prior week (2024-11-22) was
6.28% and
one month ago for the week of 2024-10-25, the
average rate was 6.38%.
The average rate one year ago was 7.28%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.39%.
Chattanooga 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 Chattanooga level.
The top Chattanooga USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with
9 USDA loans originated. Their average total fees are
$9,375, which is $1,401
higher than the next largest lender,
MORTGAGE INVESTORS GROUP, INC..
The lowest fee Chattanooga USDA lenders (with over 10 loans originated) are
.
The lowest rate Chattanooga USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Chattanooga (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 | $235,000 (9.3%) | $308,169 (6.6%) | 0.87 | 1,816 |
2018-02-01 | $242,200 (9.5%) | $320,468 (9.0%) | 0.88 | 1,777 |
2018-03-01 | $250,000 (10.3%) | $334,458 (10.9%) | 0.88 | 1,760 |
2018-04-01 | $264,900 (15.2%) | $345,917 (11.6%) | 0.90 | 1,752 |
2018-05-01 | $277,500 (15.7%) | $355,545 (11.2%) | 0.93 | 1,832 |
2018-06-01 | $274,950 (12.8%) | $350,493 (2.8%) | 0.92 | 2,029 |
2018-07-01 | $270,550 (10.4%) | $347,369 (2.1%) | 0.90 | 2,174 |
2018-08-01 | $274,600 (14.2%) | $347,879 (9.7%) | 0.92 | 2,215 |
2018-09-01 | $269,900 (10.2%) | $343,019 (6.2%) | 0.91 | 2,266 |
2018-10-01 | $270,000 (10.9%) | $342,753 (6.2%) | 0.91 | 2,277 |
2018-11-01 | $274,975 (17.0%) | $344,837 (9.4%) | 0.93 | 2,309 |
2018-12-01 | $270,000 (12.6%) | $341,780 (8.6%) | 0.93 | 2,225 |
2019-01-01 | $269,900 (14.9%) | $338,737 (9.9%) | 0.93 | 2,083 |
2019-02-01 | $271,500 (12.1%) | $338,840 (5.7%) | 0.92 | 2,061 |
2019-03-01 | $283,871 (13.6%) | $347,651 (3.9%) | 0.93 | 2,001 |
2019-04-01 | $296,750 (12.0%) | $356,381 (3.0%) | 0.94 | 1,997 |
2019-05-01 | $295,000 (6.3%) | $362,204 (1.9%) | 0.92 | 2,082 |
2019-06-01 | $294,800 (7.2%) | $358,176 (2.2%) | 0.92 | 2,096 |
2019-07-01 | $295,000 (9.0%) | $354,482 (2.1%) | 0.92 | 2,180 |
2019-08-01 | $293,573 (6.9%) | $348,480 (0.2%) | 0.93 | 2,191 |
2019-09-01 | $291,507 (8.0%) | $349,588 (1.9%) | 0.93 | 2,167 |
2019-10-01 | $289,900 (7.4%) | $349,260 (1.9%) | 0.94 | 2,166 |
2019-11-01 | $290,000 (5.5%) | $349,839 (1.5%) | 0.95 | 2,096 |
2019-12-01 | $295,117 (9.3%) | $352,651 (3.2%) | 0.98 | 1,916 |
2020-01-01 | $293,375 (8.7%) | $350,435 (3.5%) | 0.98 | 1,725 |
2020-02-01 | $299,900 (10.5%) | $363,132 (7.2%) | 0.98 | 1,568 |
2020-03-01 | $309,800 (9.1%) | $370,905 (6.7%) | 0.97 | 1,583 |
2020-04-01 | $316,000 (6.5%) | $380,228 (6.7%) | 0.99 | 1,584 |
2020-05-01 | $329,800 (11.8%) | $403,602 (11.4%) | 1.00 | 1,514 |
2020-06-01 | $337,500 (14.5%) | $430,525 (20.2%) | 0.99 | 1,345 |
2020-07-01 | $339,900 (15.2%) | $439,484 (24.0%) | 0.99 | 1,221 |
2020-08-01 | $334,900 (14.1%) | $430,254 (23.5%) | 0.96 | 1,142 |
2020-09-01 | $329,450 (13.0%) | $434,227 (24.2%) | 0.94 | 1,117 |
2020-10-01 | $320,000 (10.4%) | $426,935 (22.2%) | 0.92 | 1,042 |
2020-11-01 | $317,950 (9.6%) | $426,505 (21.9%) | 0.93 | 1,013 |
2020-12-01 | $312,450 (5.9%) | $425,865 (20.8%) | 0.93 | 952 |
2021-01-01 | $319,000 (8.7%) | $436,061 (24.4%) | 0.95 | 768 |
2021-02-01 | $331,175 (10.4%) | $464,678 (28.0%) | 0.96 | 565 |
2021-03-01 | $347,225 (12.1%) | $464,436 (25.2%) | 0.99 | 539 |
2021-04-01 | $350,000 (10.8%) | $470,351 (23.7%) | 0.95 | 527 |
2021-05-01 | $349,900 (6.1%) | $496,480 (23.0%) | 0.93 | 549 |
2021-06-01 | $350,000 (3.7%) | $496,799 (15.4%) | 0.92 | 643 |
2021-07-01 | $335,000 (-1.4%) | $459,406 (4.5%) | 0.88 | 748 |
2021-08-01 | $324,900 (-3.0%) | $459,580 (6.8%) | 0.87 | 863 |
2021-09-01 | $341,800 (3.8%) | $460,030 (5.9%) | 0.91 | 851 |
2021-10-01 | $350,000 (9.4%) | $482,500 (13.0%) | 0.93 | 759 |
2021-11-01 | $360,000 (13.2%) | $492,456 (15.5%) | 0.96 | 657 |
2021-12-01 | $354,900 (13.6%) | $492,361 (15.6%) | 0.96 | 578 |
2022-01-01 | $345,000 (8.2%) | $491,856 (12.8%) | 0.93 | 522 |
2022-02-01 | $358,720 (8.3%) | $523,569 (12.7%) | 0.93 | 460 |
2022-03-01 | $350,000 (0.8%) | $544,116 (17.2%) | 0.88 | 471 |
2022-04-01 | $419,900 (20.0%) | $579,378 (23.2%) | 1.00 | 524 |
2022-05-01 | $437,450 (25.0%) | $576,212 (16.1%) | 1.00 | 708 |
2022-06-01 | $419,975 (20.0%) | $557,807 (12.3%) | 0.94 | 894 |
2022-07-01 | $399,000 (19.1%) | $540,630 (17.7%) | 0.90 | 1,107 |
2022-08-01 | $396,900 (22.2%) | $517,976 (12.7%) | 0.92 | 1,213 |
2022-09-01 | $399,450 (16.9%) | $522,478 (13.6%) | 0.93 | 1,242 |
2022-10-01 | $399,000 (14.0%) | $530,089 (9.9%) | 0.94 | 1,307 |
2022-11-01 | $395,000 (9.7%) | $520,857 (5.8%) | 0.95 | 1,377 |
2022-12-01 | $395,000 (11.3%) | $520,532 (5.7%) | 0.98 | 1,258 |
2023-01-01 | $398,675 (15.6%) | $507,517 (3.2%) | 0.99 | 1,136 |
2023-02-01 | $398,400 (11.1%) | $506,652 (-3.2%) | 0.96 | 1,066 |
2023-03-01 | $408,450 (16.7%) | $538,999 (-0.9%) | 0.96 | 1,018 |
2023-04-01 | $439,900 (4.8%) | $572,673 (-1.2%) | 1.02 | 1,021 |
2023-05-01 | $438,950 (0.3%) | $567,581 (-1.5%) | 1.00 | 1,098 |
2023-06-01 | $438,783 (4.5%) | $560,013 (0.4%) | 0.99 | 1,160 |
2023-07-01 | $437,500 (9.7%) | $560,011 (3.6%) | 0.99 | 1,250 |
2023-08-01 | $437,500 (10.2%) | $563,449 (8.8%) | 1.00 | 1,281 |
2023-09-01 | $430,000 (7.7%) | $553,637 (6.0%) | 1.00 | 1,338 |
2023-10-01 | $418,700 (4.9%) | $531,571 (0.3%) | 0.99 | 1,474 |
2023-11-01 | $415,000 (5.1%) | $530,721 (1.9%) | 0.99 | 1,533 |
2023-12-01 | $409,900 (3.8%) | $526,634 (1.2%) | 1.00 | 1,519 |
2024-01-01 | $399,923 (0.3%) | $526,969 (3.8%) | 0.98 | 1,430 |
2024-02-01 | $402,498 (1.0%) | $529,830 (4.6%) | 0.97 | 1,444 |
2024-03-01 | $425,000 (4.1%) | $547,972 (1.7%) | 1.00 | 1,442 |
2024-04-01 | $425,000 (-3.4%) | $559,037 (-2.4%) | 0.99 | 1,486 |
2024-05-01 | $429,550 (-2.1%) | $560,051 (-1.3%) | 0.97 | 1,530 |
2024-06-01 | $425,000 (-3.1%) | $539,002 (-3.8%) | 0.96 | 1,673 |
2024-07-01 | $409,950 (-6.3%) | $525,324 (-6.2%) | 0.94 | 1,869 |
2024-08-01 | $399,900 (-8.6%) | $519,774 (-7.8%) | 0.93 | 1,991 |
2024-09-01 | $402,404 (-6.4%) | $518,452 (-6.4%) | 0.95 | 2,096 |
2024-10-01 | $399,450 (-4.6%) | $511,105 (-3.9%) | 0.94 | 2,407 |
Chattanooga's median listing price comes in at 94% of the national average.
Chattanooga's average listing price for 2024-10-01 was $511,105, a difference of $-20,466 (-3.9%) versus the prior year and $-7,347 versus the prior month.
For the 2024-10-01 period, Chattanooga had 2,407 MLS listings, a difference of 311 listings (15%) versus the prior month and 933 listings (63%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Chattanooga (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 78 days | 2,080 sqft |
2018-02-01 | 73 days | 2,090 sqft |
2018-03-01 | 55 days | 2,140 sqft |
2018-04-01 | 53 days | 2,194 sqft |
2018-05-01 | 50 days | 2,231 sqft |
2018-06-01 | 47 days | 2,169 sqft |
2018-07-01 | 50 days | 2,175 sqft |
2018-08-01 | 59 days | 2,165 sqft |
2018-09-01 | 58 days | 2,160 sqft |
2018-10-01 | 64 days | 2,164 sqft |
2018-11-01 | 67 days | 2,170 sqft |
2018-12-01 | 73 days | 2,152 sqft |
2019-01-01 | 83 days | 2,154 sqft |
2019-02-01 | 72 days | 2,151 sqft |
2019-03-01 | 63 days | 2,186 sqft |
2019-04-01 | 51 days | 2,219 sqft |
2019-05-01 | 50 days | 2,229 sqft |
2019-06-01 | 53 days | 2,232 sqft |
2019-07-01 | 56 days | 2,237 sqft |
2019-08-01 | 57 days | 2,230 sqft |
2019-09-01 | 61 days | 2,237 sqft |
2019-10-01 | 63 days | 2,236 sqft |
2019-11-01 | 64 days | 2,218 sqft |
2019-12-01 | 73 days | 2,216 sqft |
2020-01-01 | 79 days | 2,200 sqft |
2020-02-01 | 71 days | 2,200 sqft |
2020-03-01 | 50 days | 2,244 sqft |
2020-04-01 | 52 days | 2,247 sqft |
2020-05-01 | 60 days | 2,300 sqft |
2020-06-01 | 57 days | 2,308 sqft |
2020-07-01 | 58 days | 2,260 sqft |
2020-08-01 | 52 days | 2,230 sqft |
2020-09-01 | 46 days | 2,176 sqft |
2020-10-01 | 49 days | 2,100 sqft |
2020-11-01 | 53 days | 2,070 sqft |
2020-12-01 | 56 days | 2,029 sqft |
2021-01-01 | 66 days | 2,063 sqft |
2021-02-01 | 44 days | 2,073 sqft |
2021-03-01 | 34 days | 2,097 sqft |
2021-04-01 | 33 days | 2,100 sqft |
2021-05-01 | 23 days | 2,100 sqft |
2021-06-01 | 25 days | 2,068 sqft |
2021-07-01 | 24 days | 2,032 sqft |
2021-08-01 | 28 days | 2,001 sqft |
2021-09-01 | 34 days | 2,028 sqft |
2021-10-01 | 39 days | 2,063 sqft |
2021-11-01 | 39 days | 2,123 sqft |
2021-12-01 | 43 days | 2,066 sqft |
2022-01-01 | 49 days | 1,980 sqft |
2022-02-01 | 36 days | 2,030 sqft |
2022-03-01 | 25 days | 2,007 sqft |
2022-04-01 | 20 days | 2,145 sqft |
2022-05-01 | 22 days | 2,212 sqft |
2022-06-01 | 26 days | 2,206 sqft |
2022-07-01 | 31 days | 2,130 sqft |
2022-08-01 | 38 days | 2,102 sqft |
2022-09-01 | 44 days | 2,111 sqft |
2022-10-01 | 47 days | 2,121 sqft |
2022-11-01 | 52 days | 2,094 sqft |
2022-12-01 | 63 days | 2,085 sqft |
2023-01-01 | 73 days | 2,085 sqft |
2023-02-01 | 60 days | 2,092 sqft |
2023-03-01 | 47 days | 2,084 sqft |
2023-04-01 | 44 days | 2,125 sqft |
2023-05-01 | 43 days | 2,130 sqft |
2023-06-01 | 42 days | 2,137 sqft |
2023-07-01 | 40 days | 2,088 sqft |
2023-08-01 | 44 days | 2,065 sqft |
2023-09-01 | 46 days | 2,073 sqft |
2023-10-01 | 49 days | 2,050 sqft |
2023-11-01 | 52 days | 2,021 sqft |
2023-12-01 | 57 days | 1,980 sqft |
2024-01-01 | 66 days | 1,927 sqft |
2024-02-01 | 53 days | 1,935 sqft |
2024-03-01 | 44 days | 1,999 sqft |
2024-04-01 | 50 days | 2,000 sqft |
2024-05-01 | 45 days | 2,008 sqft |
2024-06-01 | 47 days | 2,012 sqft |
2024-07-01 | 48 days | 1,968 sqft |
2024-08-01 | 50 days | 1,935 sqft |
2024-09-01 | 53 days | 1,940 sqft |
2024-10-01 | 59 days | 1,917 sqft |
Chattanooga's median square footage for active listings during the 2024-10-01 period was 1,917 sqft. One year prior, the average listing was 2,050 sqft.