Cookeville USDA Loan Rates, Closing Costs & Stats

Cookeville, TN

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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.

    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 6.91% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Cookeville's average USDA mortgage closing costs are $5,164.

    The average rate for the prior week (2024-04-12) was 6.76% and one month ago for the week of 2024-03-15, the average rate was 6.44%.

    The average rate one year ago was 6.38%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.62%.

    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
    Cookeville's median listing price for 2024-03-01 was $379,000, a difference of $19,075 (5.3%) versus the prior year and $-907 versus the prior month.

    Cookeville's median listing price comes in at 0% of the national average.

    Cookeville's average listing price for 2024-03-01 was $461,455, a difference of $-11,520 (-2.4%) versus the prior year and $566 versus the prior month.

    For the 2024-03-01 period, Cookeville had 348 MLS listings, a difference of 16 listings (5%) versus the prior month and 42 listings (14%) 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
    Cookeville's median listing age (time on market) for 2024-03-01 was 0 days.

    Cookeville's median square footage for active listings during the 2024-03-01 period was 1,797 sqft. One year prior, the average listing was 1,804 sqft.