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 32 lenders originated 75 USDA loans during 2021. The total origination value was $12,915,000, with an average USDA loan value of $172,200.

Clarksville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Clarksville averaged 6.56% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Clarksville's average USDA mortgage closing costs are $4,161.

The average rate for the prior week (2022-11-25) was 6.29% and one month ago for the week of 2022-10-28, the average rate was 6.56%.

The average rate one year ago was 3.36%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.11%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 14 3.23% $4,721
STOCKTON MORTGAGE CORPORATION 10 3.10% $6,052
Magnolia Bank 6 2.65% $3,360
FIRST COMMUNITY MORTGAGE, INC. 5 3.58% $3,722
SOUTHWEST FUNDING, LP 3 4.04% $7,377
F&M Bank 3 2.63% $3,912
VAN DYK MORTGAGE CORPORATION 3 3.13% $2,356
Citizens Bank 2 2.69% $5,204
INTERCOASTAL MORTGAGE COMPANY 2 2.88% $5,707
Mortgage Research Center, LLC 2 2.63% $2,969
Bank of England 2 3.00% $7,525
Flagstar Bank, FSB 2 2.81% $6,268
MORTGAGE INVESTORS GROUP, INC. 1 3.00% $5,948
Nations Lending Corporation 1 3.50% $4,001
Renasant Bank 1 2.75% $7,636
RUOFF MORTGAGE COMPANY, INC. 1 3.38% $828
SUCCESS MORTGAGE PARTNERS, INC. 1 3.88% $6,510
UNITED WHOLESALE MORTGAGE, LLC 1 2.38% $4,227
U.S. Bank 1 3.13% $3,649
VANDERBILT MORTGAGE AND FINANCE, INC. 1 3.38% $5,966
ISERVE RESIDENTIAL LENDING, LLC 1 3.25% $7,644
CALIBER HOME LOANS, INC. 1 3.75% $4,535
CMG MORTGAGE, INC. 1 3.25% $7,818
COMMUNITY MORTGAGE CORPORATION 1 3.00% $5,706
FirstBank 1 2.75% $7,660
First Federal Bank 1 2.38% $7,173
FREEDOM MORTGAGE CORPORATION 1 3.00% $4,437
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 2.50% $7,755
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 2.88% $4,268
AMERICAN MORTGAGE SERVICE COMPANY 1 2.75% $4,533
Legends Bank 1 2.75% $4,069
LOANDEPOT.COM, LLC 1 2.88% $5,744

The top Clarksville USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 14 USDA loans originated. Their average total fees are $4,721, which is $1,332 lower than the next largest lender, STOCKTON MORTGAGE CORPORATION.

The lowest fee Clarksville USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,721), STOCKTON MORTGAGE CORPORATION ($6,052), .

The lowest rate Clarksville USDA lenders (with over 10 loans originated) are STOCKTON MORTGAGE CORPORATION (3.10%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (3.23%), .


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%) $231,003 (14.7%) 0.80 1,350
2018-02-01 $217,925 (21.6%) $234,009 (15.5%) 0.79 1,249
2018-03-01 $215,200 (15.8%) $236,288 (14.6%) 0.76 1,257
2018-04-01 $218,400 (15.0%) $239,614 (14.7%) 0.74 1,288
2018-05-01 $220,925 (12.8%) $240,110 (9.1%) 0.74 1,333
2018-06-01 $216,945 (12.5%) $241,249 (10.3%) 0.72 1,426
2018-07-01 $216,850 (9.8%) $241,907 (8.4%) 0.72 1,485
2018-08-01 $219,700 (9.9%) $243,624 (7.1%) 0.74 1,519
2018-09-01 $221,950 (11.5%) $243,696 (6.3%) 0.74 1,501
2018-10-01 $223,450 (12.3%) $243,921 (6.5%) 0.76 1,496
2018-11-01 $227,750 (13.5%) $246,893 (8.5%) 0.77 1,464
2018-12-01 $230,000 (10.6%) $250,778 (9.6%) 0.79 1,402
2019-01-01 $230,284 (7.3%) $252,217 (9.2%) 0.79 1,315
2019-02-01 $238,235 (9.3%) $257,714 (10.1%) 0.80 1,278
2019-03-01 $245,081 (13.9%) $265,744 (12.5%) 0.80 1,182
2019-04-01 $251,126 (15.0%) $271,211 (13.2%) 0.80 1,136
2019-05-01 $252,594 (14.3%) $269,588 (12.3%) 0.79 1,187
2019-06-01 $252,014 (16.2%) $266,034 (10.3%) 0.79 1,243
2019-07-01 $252,950 (16.7%) $267,531 (10.6%) 0.79 1,255
2019-08-01 $250,650 (14.1%) $265,424 (9.0%) 0.79 1,261
2019-09-01 $250,282 (12.8%) $263,899 (8.3%) 0.80 1,255
2019-10-01 $249,998 (11.9%) $263,113 (7.9%) 0.81 1,246
2019-11-01 $249,900 (9.7%) $262,340 (6.3%) 0.82 1,208
2019-12-01 $249,900 (8.7%) $261,736 (4.4%) 0.83 1,162
2020-01-01 $249,900 (8.5%) $263,056 (4.3%) 0.84 1,116
2020-02-01 $249,900 (4.9%) $267,396 (3.8%) 0.82 1,030
2020-03-01 $250,793 (2.3%) $274,417 (3.3%) 0.79 990
2020-04-01 $253,843 (1.1%) $277,073 (2.2%) 0.79 1,043
2020-05-01 $260,000 (2.9%) $288,584 (7.1%) 0.79 936
2020-06-01 $264,450 (4.9%) $293,652 (10.4%) 0.78 808
2020-07-01 $262,400 (3.7%) $291,922 (9.1%) 0.76 809
2020-08-01 $259,900 (3.7%) $287,746 (8.4%) 0.74 681
2020-09-01 $269,950 (7.9%) $292,253 (10.7%) 0.77 685
2020-10-01 $284,900 (14.0%) $300,958 (14.4%) 0.82 632
2020-11-01 $275,950 (10.4%) $301,936 (15.1%) 0.81 589
2020-12-01 $280,287 (12.2%) $302,838 (15.7%) 0.83 563
2021-01-01 $279,900 (12.0%) $303,415 (15.3%) 0.84 519
2021-02-01 $289,150 (15.7%) $314,348 (17.6%) 0.84 469
2021-03-01 $310,950 (24.0%) $329,939 (20.2%) 0.88 371
2021-04-01 $313,400 (23.5%) $339,836 (22.7%) 0.85 332
2021-05-01 $294,900 (13.4%) $339,400 (17.6%) 0.78 292
2021-06-01 $287,675 (8.8%) $325,311 (10.8%) 0.76 415
2021-07-01 $285,000 (8.6%) $331,103 (13.4%) 0.75 489
2021-08-01 $300,225 (15.5%) $337,912 (17.4%) 0.80 575
2021-09-01 $315,000 (16.7%) $345,739 (18.3%) 0.84 612
2021-10-01 $319,950 (12.3%) $349,015 (16.0%) 0.85 671
2021-11-01 $331,075 (20.0%) $358,475 (18.7%) 0.88 630
2021-12-01 $325,000 (16.0%) $360,544 (19.1%) 0.88 604
2022-01-01 $336,900 (20.4%) $378,849 (24.9%) 0.91 489
2022-02-01 $347,200 (20.1%) $386,214 (22.9%) 0.90 411
2022-03-01 $336,900 (8.4%) $393,434 (19.2%) 0.84 379
2022-04-01 $334,400 (6.7%) $393,861 (15.9%) 0.80 405
2022-05-01 $344,913 (17.0%) $395,275 (16.5%) 0.79 532
2022-06-01 $349,950 (21.7%) $390,585 (20.1%) 0.78 718
2022-07-01 $357,950 (25.6%) $397,476 (20.1%) 0.81 888
2022-08-01 $364,950 (21.6%) $397,654 (17.7%) 0.84 1,093
2022-09-01 $357,500 (13.5%) $394,533 (14.1%) 0.84 1,181
2022-10-01 $359,900 (12.5%) $392,434 (12.4%) 0.85 1,227
2022-11-01 $352,475 (6.5%) $391,163 (9.1%) 0.85 1,282
Clarksville's median listing price for 2022-11-01 was $352,475, a difference of $21,400 (6.5%) versus the prior year and $-7,425 versus the prior month.

Clarksville's median listing price comes in at 85% of the national average.

Clarksville's average listing price for 2022-11-01 was $391,163, a difference of $32,688 (9.1%) versus the prior year and $-1,271 versus the prior month.

For the 2022-11-01 period, Clarksville had 1,282 MLS listings, a difference of 55 listings (4%) versus the prior month and 652 listings (103%) 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 72 days 2,072 sqft
2018-02-01 72 days 2,094 sqft
2018-03-01 50 days 2,074 sqft
2018-04-01 45 days 2,090 sqft
2018-05-01 46 days 2,114 sqft
2018-06-01 50 days 2,097 sqft
2018-07-01 53 days 2,075 sqft
2018-08-01 53 days 2,081 sqft
2018-09-01 56 days 2,109 sqft
2018-10-01 61 days 2,111 sqft
2018-11-01 65 days 2,125 sqft
2018-12-01 74 days 2,150 sqft
2019-01-01 82 days 2,162 sqft
2019-02-01 74 days 2,200 sqft
2019-03-01 59 days 2,239 sqft
2019-04-01 49 days 2,277 sqft
2019-05-01 46 days 2,248 sqft
2019-06-01 43 days 2,237 sqft
2019-07-01 46 days 2,236 sqft
2019-08-01 48 days 2,205 sqft
2019-09-01 49 days 2,174 sqft
2019-10-01 51 days 2,151 sqft
2019-11-01 60 days 2,144 sqft
2019-12-01 68 days 2,138 sqft
2020-01-01 68 days 2,101 sqft
2020-02-01 54 days 2,122 sqft
2020-03-01 40 days 2,133 sqft
2020-04-01 42 days 2,151 sqft
2020-05-01 52 days 2,160 sqft
2020-06-01 52 days 2,166 sqft
2020-07-01 41 days 2,128 sqft
2020-08-01 36 days 2,120 sqft
2020-09-01 30 days 2,174 sqft
2020-10-01 33 days 2,200 sqft
2020-11-01 44 days 2,188 sqft
2020-12-01 38 days 2,187 sqft
2021-01-01 32 days 2,179 sqft
2021-02-01 27 days 2,196 sqft
2021-03-01 26 days 2,247 sqft
2021-04-01 20 days 2,230 sqft
2021-05-01 11 days 2,153 sqft
2021-06-01 11 days 2,044 sqft
2021-07-01 20 days 2,050 sqft
2021-08-01 19 days 2,089 sqft
2021-09-01 25 days 2,091 sqft
2021-10-01 26 days 2,092 sqft
2021-11-01 33 days 2,110 sqft
2021-12-01 40 days 2,076 sqft
2022-01-01 45 days 2,111 sqft
2022-02-01 22 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 22 days 2,044 sqft
2022-07-01 23 days 2,067 sqft
2022-08-01 32 days 2,087 sqft
2022-09-01 40 days 2,071 sqft
2022-10-01 51 days 2,065 sqft
2022-11-01 51 days 2,059 sqft
Clarksville's median listing age (time on market) for 2022-11-01 was 51 days. This is 54% longer than the same period one year ago.

Clarksville's median square footage for active listings during the 2022-11-01 period was 2,059 sqft. One year prior, the average listing was 2,110 sqft.