Clarksville USDA Loan Rates, Closing Costs & Stats

CLARKSVILLE, TN-KY

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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.

    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.