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%.

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

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. Louis
Date 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 for 2024-09-01 was $377,450, a difference of $-27,550 (-6.8%) versus the prior year and $-6,750 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2024-09-01 was 0 days.

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.