Clarksville USDA Loan Rates, Closing Costs & Stats

CLARKSVILLE, TN-KY

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.

Clarksville's 19 lenders originated 32 USDA loans during 2022. The total origination value was $6,560,000, with an average USDA loan value of $205,000.

Clarksville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Clarksville averaged 6.08% for the week of 2024-02-16, compared to the national average (all USDA variants) of 6.685% for the same period.

Clarksville's average USDA mortgage closing costs are $4,440.

The average rate for the prior week (2024-02-09) was 5.92% and one month ago for the week of 2024-01-12, the average rate was 5.84%.

The average rate one year ago was 5.77%.

For refis of the same type during the week of 2024-02-16, the average rate was 4.95%.

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

Clarksville 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 Clarksville level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
STOCKTON MORTGAGE CORPORATION 6 4.35% $8,713
Mortgage Research Center, LLC 3 3.62% $1,835
MORTGAGE INVESTORS GROUP, INC. 2 4.06% $7,080
F&M Bank 2 5.19% $6,062
UNITED WHOLESALE MORTGAGE, LLC 2 4.64% $5,081
HOMESIDE FINANCIAL, LLC 2 5.56% $6,533
U.S. Bank 2 5.00% $6,077
Legends Bank 2 4.81% $6,417
AMERICAN MORTGAGE SERVICE COMPANY 1 2.75% $5,096
GUARANTY HOME MORTGAGE CORPORATION 1 4.75% $5,075
Shamrock Home Loans, Inc. 1 3.50% $5,327
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 3.13% $10,619
Atlantic Union Bank 1 5.63% $7,106
Bank of England 1 4.50% $17,234
BROKER SOLUTIONS, INC. 1 4.75% $9,985
COMMUNITY MORTGAGE CORPORATION 1 4.63% $15,163
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.75% $1,690
First Federal Bank 1 4.63% $5,648
FREEDOM MORTGAGE CORPORATION 1 3.00% $4,517

The top Clarksville USDA lender as defined by loan originations is STOCKTON MORTGAGE CORPORATION, with 6 USDA loans originated. Their average total fees are $8,713, which is $6,878 higher than the next largest lender, Mortgage Research Center, LLC.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Clarksville (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 $214,650 (24.3%) $231,160 (14.6%) 0.80 1,351
2018-02-01 $218,375 (21.7%) $234,174 (15.4%) 0.79 1,250
2018-03-01 $216,000 (15.1%) $236,801 (14.6%) 0.76 1,260
2018-04-01 $219,425 (15.6%) $240,047 (14.7%) 0.74 1,290
2018-05-01 $221,063 (12.5%) $240,444 (9.2%) 0.74 1,333
2018-06-01 $216,995 (11.9%) $241,450 (10.2%) 0.72 1,428
2018-07-01 $216,963 (9.1%) $242,157 (8.4%) 0.72 1,485
2018-08-01 $219,700 (9.9%) $243,933 (7.2%) 0.74 1,519
2018-09-01 $221,950 (11.4%) $243,972 (6.3%) 0.75 1,502
2018-10-01 $223,450 (12.3%) $244,075 (6.5%) 0.76 1,496
2018-11-01 $227,750 (13.5%) $247,037 (8.5%) 0.77 1,464
2018-12-01 $230,000 (10.3%) $250,930 (9.7%) 0.79 1,403
2019-01-01 $230,450 (7.4%) $252,376 (9.2%) 0.80 1,315
2019-02-01 $238,700 (9.3%) $258,167 (10.3%) 0.81 1,280
2019-03-01 $245,114 (13.5%) $266,157 (12.4%) 0.80 1,183
2019-04-01 $251,139 (14.5%) $271,578 (13.1%) 0.80 1,136
2019-05-01 $252,895 (14.4%) $269,777 (12.2%) 0.79 1,186
2019-06-01 $252,467 (16.4%) $266,125 (10.2%) 0.79 1,238
2019-07-01 $253,410 (16.8%) $267,760 (10.6%) 0.79 1,250
2019-08-01 $251,541 (14.5%) $265,678 (8.9%) 0.80 1,256
2019-09-01 $250,674 (12.9%) $264,151 (8.3%) 0.80 1,250
2019-10-01 $250,096 (11.9%) $263,355 (7.9%) 0.81 1,241
2019-11-01 $249,900 (9.7%) $262,572 (6.3%) 0.82 1,203
2019-12-01 $249,900 (8.7%) $261,891 (4.4%) 0.83 1,157
2020-01-01 $249,900 (8.4%) $263,158 (4.3%) 0.84 1,110
2020-02-01 $249,900 (4.7%) $267,537 (3.6%) 0.82 1,025
2020-03-01 $251,125 (2.5%) $274,693 (3.2%) 0.79 985
2020-04-01 $254,185 (1.2%) $277,297 (2.1%) 0.80 1,039
2020-05-01 $260,900 (3.2%) $289,090 (7.2%) 0.79 933
2020-06-01 $265,350 (5.1%) $294,112 (10.5%) 0.78 802
2020-07-01 $262,925 (3.8%) $292,442 (9.2%) 0.76 803
2020-08-01 $259,900 (3.3%) $288,216 (8.5%) 0.74 678
2020-09-01 $270,500 (7.9%) $292,941 (10.9%) 0.78 681
2020-10-01 $285,000 (14.0%) $301,826 (14.6%) 0.82 629
2020-11-01 $277,450 (11.0%) $302,863 (15.3%) 0.81 585
2020-12-01 $282,200 (12.9%) $303,865 (16.0%) 0.84 559
2021-01-01 $280,650 (12.3%) $304,300 (15.6%) 0.84 514
2021-02-01 $289,800 (16.0%) $315,322 (17.9%) 0.84 463
2021-03-01 $312,800 (24.6%) $331,260 (20.6%) 0.89 365
2021-04-01 $316,950 (24.7%) $342,040 (23.4%) 0.86 326
2021-05-01 $295,000 (13.1%) $341,786 (18.2%) 0.78 287
2021-06-01 $288,675 (8.8%) $326,996 (11.2%) 0.76 409
2021-07-01 $287,900 (9.5%) $332,150 (13.6%) 0.76 484
2021-08-01 $303,775 (16.9%) $338,945 (17.6%) 0.81 569
2021-09-01 $318,000 (17.6%) $346,762 (18.4%) 0.85 606
2021-10-01 $324,450 (13.8%) $349,958 (16.0%) 0.87 665
2021-11-01 $331,500 (19.5%) $359,555 (18.7%) 0.89 624
2021-12-01 $325,000 (15.2%) $361,712 (19.0%) 0.88 598
2022-01-01 $337,400 (20.2%) $380,527 (25.1%) 0.91 483
2022-02-01 $348,100 (20.1%) $388,166 (23.1%) 0.91 405
2022-03-01 $339,700 (8.6%) $395,600 (19.4%) 0.85 373
2022-04-01 $335,000 (5.7%) $395,970 (15.8%) 0.80 399
2022-05-01 $347,450 (17.8%) $396,911 (16.1%) 0.79 526
2022-06-01 $351,950 (21.9%) $391,844 (19.8%) 0.78 712
2022-07-01 $359,900 (25.0%) $398,597 (20.0%) 0.81 882
2022-08-01 $365,000 (20.2%) $398,556 (17.6%) 0.84 1,087
2022-09-01 $357,500 (12.4%) $395,325 (14.0%) 0.84 1,175
2022-10-01 $359,900 (10.9%) $393,201 (12.4%) 0.85 1,221
2022-11-01 $354,675 (7.0%) $391,895 (9.0%) 0.85 1,276
2022-12-01 $351,900 (8.3%) $386,758 (6.9%) 0.87 1,253
2023-01-01 $352,975 (4.6%) $392,990 (3.3%) 0.87 1,223
2023-02-01 $363,900 (4.5%) $405,037 (4.4%) 0.88 1,092
2023-03-01 $366,950 (8.0%) $409,099 (3.4%) 0.87 960
2023-04-01 $360,000 (7.5%) $405,461 (2.4%) 0.84 906
2023-05-01 $362,925 (4.5%) $403,846 (1.8%) 0.82 935
2023-06-01 $362,825 (3.1%) $407,174 (3.9%) 0.82 950
2023-07-01 $360,000 (0.0%) $408,367 (2.5%) 0.82 1,066
2023-08-01 $356,000 (-2.5%) $404,690 (1.5%) 0.82 1,162
2023-09-01 $348,400 (-2.6%) $390,620 (-1.2%) 0.81 1,198
2023-10-01 $339,575 (-5.7%) $381,874 (-2.9%) 0.80 1,279
2023-11-01 $337,250 (-4.9%) $383,746 (-2.1%) 0.80 1,335
2023-12-01 $330,000 (-6.2%) $381,215 (-1.4%) 0.80 1,283
Clarksville's median listing price for 2023-12-01 was $330,000, a difference of $-21,900 (-6.2%) versus the prior year and $-7,250 versus the prior month.

Clarksville's median listing price comes in at 80% of the national average.

Clarksville's average listing price for 2023-12-01 was $381,215, a difference of $-5,543 (-1.4%) versus the prior year and $-2,531 versus the prior month.

For the 2023-12-01 period, Clarksville had 1,283 MLS listings, a difference of -52 listings (-4%) versus the prior month and 30 listings (2%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Clarksville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 69 days 2,073 sqft
2018-02-01 69 days 2,099 sqft
2018-03-01 46 days 2,080 sqft
2018-04-01 44 days 2,093 sqft
2018-05-01 44 days 2,117 sqft
2018-06-01 47 days 2,098 sqft
2018-07-01 52 days 2,076 sqft
2018-08-01 51 days 2,084 sqft
2018-09-01 53 days 2,110 sqft
2018-10-01 59 days 2,112 sqft
2018-11-01 62 days 2,125 sqft
2018-12-01 71 days 2,150 sqft
2019-01-01 81 days 2,163 sqft
2019-02-01 69 days 2,200 sqft
2019-03-01 56 days 2,241 sqft
2019-04-01 47 days 2,279 sqft
2019-05-01 44 days 2,248 sqft
2019-06-01 41 days 2,238 sqft
2019-07-01 45 days 2,237 sqft
2019-08-01 47 days 2,205 sqft
2019-09-01 49 days 2,174 sqft
2019-10-01 50 days 2,151 sqft
2019-11-01 59 days 2,144 sqft
2019-12-01 66 days 2,139 sqft
2020-01-01 66 days 2,100 sqft
2020-02-01 52 days 2,123 sqft
2020-03-01 38 days 2,134 sqft
2020-04-01 41 days 2,151 sqft
2020-05-01 51 days 2,162 sqft
2020-06-01 51 days 2,166 sqft
2020-07-01 38 days 2,128 sqft
2020-08-01 33 days 2,121 sqft
2020-09-01 30 days 2,175 sqft
2020-10-01 32 days 2,200 sqft
2020-11-01 41 days 2,188 sqft
2020-12-01 36 days 2,188 sqft
2021-01-01 31 days 2,179 sqft
2021-02-01 25 days 2,196 sqft
2021-03-01 24 days 2,248 sqft
2021-04-01 18 days 2,230 sqft
2021-05-01 10 days 2,157 sqft
2021-06-01 11 days 2,044 sqft
2021-07-01 19 days 2,050 sqft
2021-08-01 18 days 2,089 sqft
2021-09-01 24 days 2,091 sqft
2021-10-01 26 days 2,092 sqft
2021-11-01 32 days 2,110 sqft
2021-12-01 40 days 2,076 sqft
2022-01-01 44 days 2,111 sqft
2022-02-01 21 days 2,100 sqft
2022-03-01 16 days 2,062 sqft
2022-04-01 12 days 2,033 sqft
2022-05-01 15 days 2,049 sqft
2022-06-01 20 days 2,044 sqft
2022-07-01 23 days 2,067 sqft
2022-08-01 32 days 2,089 sqft
2022-09-01 40 days 2,072 sqft
2022-10-01 50 days 2,065 sqft
2022-11-01 50 days 2,059 sqft
2022-12-01 54 days 2,050 sqft
2023-01-01 63 days 2,050 sqft
2023-02-01 58 days 2,067 sqft
2023-03-01 48 days 2,067 sqft
2023-04-01 39 days 2,050 sqft
2023-05-01 37 days 2,048 sqft
2023-06-01 37 days 2,051 sqft
2023-07-01 36 days 2,031 sqft
2023-08-01 42 days 2,000 sqft
2023-09-01 46 days 1,937 sqft
2023-10-01 44 days 1,910 sqft
2023-11-01 47 days 1,900 sqft
2023-12-01 55 days 1,840 sqft
Clarksville's median listing age (time on market) for 2023-12-01 was 55 days. This is 2% longer than the same period one year ago.

Clarksville's median square footage for active listings during the 2023-12-01 period was 1,840 sqft. One year prior, the average listing was 2,050 sqft.