Cookeville USDA Loan Rates, Closing Costs & Stats
Cookeville, 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.
Cookeville's 18 lenders originated 29 USDA loans during 2023. The total origination value was $6,235,000, with an average USDA loan value of $215,000.
Cookeville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Cookeville
averaged
6.03%
for the week of 2024-10-11, compared to the national average (all USDA variants) of
6.08% for the same period.
Cookeville's average USDA mortgage closing costs are $5,164.
The average rate for the prior week (2024-10-04) was
6.12% and
one month ago for the week of 2024-09-06, the
average rate was 6.11%.
The average rate one year ago was 7.2%.
For refis of the same type during the week of 2024-10-11, the average rate
was 5.44%.
Cookeville 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 Cookeville level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
AMCAP MORTGAGE, LTD. | 5 | 6.77% | $7,188 |
UNION HOME MORTGAGE CORP. | 4 | 6.53% | $8,378 |
VAN DYK MORTGAGE CORPORATION | 2 | 7.00% | $2,261 |
CRESCENT MORTGAGE COMPANY | 2 | 7.00% | $5,369 |
MORTGAGE INVESTORS GROUP, INC. | 2 | 5.81% | $6,983 |
DHI MORTGAGE COMPANY, LTD. | 1 | 5.99% | $4,724 |
EVERETT FINANCIAL, INC. | 1 | 6.00% | $7,475 |
FirstBank | 1 | 6.63% | $6,985 |
GUARANTY MORTGAGE SERVICES, L.L.C. | 1 | 6.25% | $8,426 |
ISERVE RESIDENTIAL LENDING, LLC | 1 | 5.50% | $4,661 |
BROKER SOLUTIONS, INC. | 1 | 6.25% | $8,789 |
OPEN MORTGAGE, LLC | 1 | 6.13% | $12,375 |
PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 7.13% | $8,024 |
Regions Bank | 1 | 6.25% | $11,080 |
STOCKTON MORTGAGE CORPORATION | 1 | 7.25% | $10,936 |
CMG MORTGAGE, INC. | 1 | 5.75% | $10,610 |
CORNERSTONE HOME LENDING, INC. | 1 | 6.13% | $1,924 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 4.88% | $14,726 |
The top Cookeville USDA lender as defined by loan originations is AMCAP MORTGAGE, LTD., with
5 USDA loans originated. Their average total fees are
$7,188, which is $1,189
lower than the next largest lender,
UNION HOME MORTGAGE CORP..
The lowest fee Cookeville USDA lenders (with over 10 loans originated) are
.
The lowest rate Cookeville USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Cookeville (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 | $204,475 (2.5%) | $255,841 (0.9%) | 0.00 | 410 |
2018-02-01 | $209,225 (7.3%) | $254,906 (0.0%) | 0.00 | 411 |
2018-03-01 | $210,000 (0.3%) | $261,296 (-2.6%) | 0.00 | 387 |
2018-04-01 | $217,000 (3.4%) | $272,646 (-1.6%) | 0.00 | 390 |
2018-05-01 | $223,650 (1.7%) | $276,473 (-0.8%) | 0.00 | 420 |
2018-06-01 | $225,000 (3.7%) | $283,044 (2.3%) | 0.00 | 422 |
2018-07-01 | $229,900 (7.0%) | $281,352 (1.9%) | 0.00 | 438 |
2018-08-01 | $231,950 (10.7%) | $283,286 (1.2%) | 0.00 | 437 |
2018-09-01 | $239,000 (11.2%) | $289,873 (5.0%) | 0.00 | 447 |
2018-10-01 | $239,929 (8.6%) | $281,723 (5.1%) | 0.00 | 463 |
2018-11-01 | $239,000 (12.5%) | $274,399 (4.2%) | 0.00 | 459 |
2018-12-01 | $239,000 (13.9%) | $271,709 (4.9%) | 0.00 | 448 |
2019-01-01 | $238,250 (16.5%) | $275,308 (7.6%) | 0.00 | 418 |
2019-02-01 | $241,200 (15.3%) | $280,443 (10.0%) | 0.00 | 387 |
2019-03-01 | $239,900 (14.2%) | $289,264 (10.7%) | 0.00 | 386 |
2019-04-01 | $239,900 (10.6%) | $295,868 (8.5%) | 0.00 | 390 |
2019-05-01 | $244,929 (9.5%) | $308,310 (11.5%) | 0.00 | 394 |
2019-06-01 | $239,900 (6.6%) | $302,206 (6.8%) | 0.00 | 411 |
2019-07-01 | $234,957 (2.2%) | $292,748 (4.1%) | 0.00 | 441 |
2019-08-01 | $236,227 (1.8%) | $296,906 (4.8%) | 0.00 | 443 |
2019-09-01 | $238,068 (-0.4%) | $302,373 (4.3%) | 0.00 | 448 |
2019-10-01 | $239,295 (-0.3%) | $306,018 (8.6%) | 0.00 | 453 |
2019-11-01 | $240,000 (0.4%) | $309,226 (12.7%) | 0.00 | 450 |
2019-12-01 | $241,950 (1.2%) | $306,321 (12.7%) | 0.00 | 445 |
2020-01-01 | $249,950 (4.9%) | $309,789 (12.5%) | 0.00 | 369 |
2020-02-01 | $259,900 (7.8%) | $316,109 (12.7%) | 0.00 | 346 |
2020-03-01 | $259,900 (8.3%) | $319,432 (10.4%) | 0.00 | 339 |
2020-04-01 | $261,179 (8.9%) | $319,893 (8.1%) | 0.00 | 326 |
2020-05-01 | $262,450 (7.2%) | $327,780 (6.3%) | 0.00 | 300 |
2020-06-01 | $274,925 (14.6%) | $345,550 (14.3%) | 0.00 | 269 |
2020-07-01 | $276,350 (17.6%) | $355,739 (21.5%) | 0.00 | 254 |
2020-08-01 | $279,900 (18.5%) | $360,175 (21.3%) | 0.00 | 241 |
2020-09-01 | $284,900 (19.7%) | $369,228 (22.1%) | 0.00 | 225 |
2020-10-01 | $287,450 (20.1%) | $374,071 (22.2%) | 0.00 | 222 |
2020-11-01 | $284,850 (18.7%) | $364,656 (17.9%) | 0.00 | 228 |
2020-12-01 | $274,900 (13.6%) | $369,416 (20.6%) | 0.00 | 197 |
2021-01-01 | $279,900 (12.0%) | $372,299 (20.2%) | 0.00 | 188 |
2021-02-01 | $297,425 (14.4%) | $394,372 (24.8%) | 0.00 | 148 |
2021-03-01 | $287,450 (10.6%) | $394,745 (23.6%) | 0.00 | 138 |
2021-04-01 | $317,450 (21.5%) | $423,587 (32.4%) | 0.00 | 131 |
2021-05-01 | $317,500 (21.0%) | $439,253 (34.0%) | 0.00 | 146 |
2021-06-01 | $309,900 (12.7%) | $430,738 (24.7%) | 0.00 | 162 |
2021-07-01 | $329,900 (19.4%) | $452,347 (27.2%) | 0.00 | 195 |
2021-08-01 | $362,000 (29.3%) | $465,788 (29.3%) | 0.00 | 242 |
2021-09-01 | $382,400 (34.2%) | $486,514 (31.8%) | 0.00 | 229 |
2021-10-01 | $356,950 (24.2%) | $504,172 (34.8%) | 0.00 | 234 |
2021-11-01 | $372,400 (30.7%) | $520,194 (42.7%) | 0.00 | 215 |
2021-12-01 | $362,482 (31.9%) | $512,019 (38.6%) | 0.00 | 201 |
2022-01-01 | $369,900 (32.2%) | $530,554 (42.5%) | 0.00 | 181 |
2022-02-01 | $390,800 (31.4%) | $530,078 (34.4%) | 0.00 | 153 |
2022-03-01 | $354,900 (23.5%) | $495,499 (25.5%) | 0.00 | 171 |
2022-04-01 | $367,458 (15.8%) | $490,211 (15.7%) | 0.00 | 188 |
2022-05-01 | $382,200 (20.4%) | $507,125 (15.5%) | 0.00 | 205 |
2022-06-01 | $398,000 (28.4%) | $511,988 (18.9%) | 0.00 | 239 |
2022-07-01 | $399,000 (21.0%) | $503,110 (11.2%) | 0.00 | 294 |
2022-08-01 | $399,475 (10.4%) | $503,098 (8.0%) | 0.00 | 306 |
2022-09-01 | $383,450 (0.3%) | $488,929 (0.5%) | 0.00 | 320 |
2022-10-01 | $395,000 (10.7%) | $497,691 (-1.3%) | 0.00 | 346 |
2022-11-01 | $373,000 (0.2%) | $492,718 (-5.3%) | 0.00 | 371 |
2022-12-01 | $369,000 (1.8%) | $468,467 (-8.5%) | 0.00 | 357 |
2023-01-01 | $359,950 (-2.7%) | $467,213 (-11.9%) | 0.00 | 344 |
2023-02-01 | $369,900 (-5.4%) | $474,283 (-10.5%) | 0.00 | 330 |
2023-03-01 | $359,925 (1.4%) | $472,975 (-4.6%) | 0.00 | 306 |
2023-04-01 | $362,450 (-1.4%) | $476,715 (-2.8%) | 0.00 | 293 |
2023-05-01 | $392,600 (2.7%) | $498,712 (-1.7%) | 0.00 | 299 |
2023-06-01 | $404,166 (1.6%) | $499,022 (-2.5%) | 0.00 | 303 |
2023-07-01 | $397,000 (-0.5%) | $492,752 (-2.1%) | 0.00 | 301 |
2023-08-01 | $404,916 (1.4%) | $515,845 (2.5%) | 0.00 | 322 |
2023-09-01 | $405,000 (5.6%) | $525,788 (7.5%) | 0.00 | 335 |
2023-10-01 | $399,500 (1.1%) | $501,136 (0.7%) | 0.00 | 354 |
2023-11-01 | $395,000 (5.9%) | $489,366 (-0.7%) | 0.00 | 390 |
2023-12-01 | $395,000 (7.1%) | $480,283 (2.5%) | 0.00 | 373 |
2024-01-01 | $379,982 (5.6%) | $469,461 (0.5%) | 0.00 | 348 |
2024-02-01 | $379,907 (2.7%) | $460,889 (-2.8%) | 0.00 | 332 |
2024-03-01 | $379,000 (5.3%) | $461,455 (-2.4%) | 0.00 | 348 |
2024-04-01 | $379,900 (4.8%) | $463,450 (-2.8%) | 0.00 | 347 |
2024-05-01 | $388,682 (-1.0%) | $473,820 (-5.0%) | 0.00 | 342 |
2024-06-01 | $383,900 (-5.0%) | $466,536 (-6.5%) | 0.00 | 363 |
2024-07-01 | $387,450 (-2.4%) | $466,185 (-5.4%) | 0.00 | 412 |
2024-08-01 | $384,200 (-5.1%) | $464,665 (-9.9%) | 0.00 | 443 |
2024-09-01 | $377,450 (-6.8%) | $450,667 (-14.3%) | 0.00 | 490 |
Cookeville's median listing price comes in at 0% of the national average.
Cookeville's average listing price for 2024-09-01 was $450,667, a difference of $-75,121 (-14.3%) versus the prior year and $-13,998 versus the prior month.
For the 2024-09-01 period, Cookeville had 490 MLS listings, a difference of 47 listings (11%) versus the prior month and 155 listings (46%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Cookeville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,821 sqft |
2018-02-01 | 0 days | 1,847 sqft |
2018-03-01 | 0 days | 1,899 sqft |
2018-04-01 | 0 days | 1,985 sqft |
2018-05-01 | 0 days | 1,985 sqft |
2018-06-01 | 0 days | 1,980 sqft |
2018-07-01 | 0 days | 2,016 sqft |
2018-08-01 | 0 days | 2,022 sqft |
2018-09-01 | 0 days | 2,046 sqft |
2018-10-01 | 0 days | 2,038 sqft |
2018-11-01 | 0 days | 2,005 sqft |
2018-12-01 | 0 days | 2,004 sqft |
2019-01-01 | 0 days | 1,976 sqft |
2019-02-01 | 0 days | 1,959 sqft |
2019-03-01 | 0 days | 1,974 sqft |
2019-04-01 | 0 days | 2,005 sqft |
2019-05-01 | 0 days | 2,073 sqft |
2019-06-01 | 0 days | 2,000 sqft |
2019-07-01 | 0 days | 1,946 sqft |
2019-08-01 | 0 days | 1,966 sqft |
2019-09-01 | 0 days | 1,972 sqft |
2019-10-01 | 0 days | 1,976 sqft |
2019-11-01 | 0 days | 1,976 sqft |
2019-12-01 | 0 days | 1,954 sqft |
2020-01-01 | 0 days | 1,985 sqft |
2020-02-01 | 0 days | 2,000 sqft |
2020-03-01 | 0 days | 1,995 sqft |
2020-04-01 | 0 days | 1,983 sqft |
2020-05-01 | 0 days | 2,000 sqft |
2020-06-01 | 0 days | 2,010 sqft |
2020-07-01 | 0 days | 2,161 sqft |
2020-08-01 | 0 days | 2,028 sqft |
2020-09-01 | 0 days | 1,969 sqft |
2020-10-01 | 0 days | 1,966 sqft |
2020-11-01 | 0 days | 1,891 sqft |
2020-12-01 | 0 days | 1,910 sqft |
2021-01-01 | 0 days | 1,912 sqft |
2021-02-01 | 0 days | 2,023 sqft |
2021-03-01 | 0 days | 1,985 sqft |
2021-04-01 | 0 days | 2,076 sqft |
2021-05-01 | 0 days | 2,061 sqft |
2021-06-01 | 0 days | 1,970 sqft |
2021-07-01 | 0 days | 2,050 sqft |
2021-08-01 | 0 days | 2,172 sqft |
2021-09-01 | 0 days | 2,289 sqft |
2021-10-01 | 0 days | 2,352 sqft |
2021-11-01 | 0 days | 2,381 sqft |
2021-12-01 | 0 days | 2,317 sqft |
2022-01-01 | 0 days | 2,305 sqft |
2022-02-01 | 0 days | 2,193 sqft |
2022-03-01 | 0 days | 2,004 sqft |
2022-04-01 | 0 days | 2,059 sqft |
2022-05-01 | 0 days | 2,049 sqft |
2022-06-01 | 0 days | 2,063 sqft |
2022-07-01 | 0 days | 2,044 sqft |
2022-08-01 | 0 days | 2,077 sqft |
2022-09-01 | 0 days | 1,968 sqft |
2022-10-01 | 0 days | 2,004 sqft |
2022-11-01 | 0 days | 1,922 sqft |
2022-12-01 | 0 days | 1,872 sqft |
2023-01-01 | 0 days | 1,869 sqft |
2023-02-01 | 0 days | 1,858 sqft |
2023-03-01 | 0 days | 1,804 sqft |
2023-04-01 | 0 days | 1,837 sqft |
2023-05-01 | 0 days | 1,885 sqft |
2023-06-01 | 0 days | 2,000 sqft |
2023-07-01 | 0 days | 1,932 sqft |
2023-08-01 | 0 days | 1,952 sqft |
2023-09-01 | 0 days | 1,989 sqft |
2023-10-01 | 0 days | 1,993 sqft |
2023-11-01 | 0 days | 1,926 sqft |
2023-12-01 | 0 days | 1,942 sqft |
2024-01-01 | 0 days | 1,844 sqft |
2024-02-01 | 0 days | 1,811 sqft |
2024-03-01 | 0 days | 1,797 sqft |
2024-04-01 | 0 days | 1,822 sqft |
2024-05-01 | 0 days | 1,875 sqft |
2024-06-01 | 0 days | 1,866 sqft |
2024-07-01 | 0 days | 1,834 sqft |
2024-08-01 | 0 days | 1,812 sqft |
2024-09-01 | 0 days | 1,813 sqft |
Cookeville's median square footage for active listings during the 2024-09-01 period was 1,813 sqft. One year prior, the average listing was 1,989 sqft.