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 6.27% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.63% and one month ago for the week of 2025-01-10, the average rate was 6.58%.

    The average rate one year ago was 6.37%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.19%.

    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 $195,450 (2.9%) $255,788 (2.2%) 0.00 522
    2018-02-01 $199,450 (5.0%) $259,451 (2.9%) 0.00 526
    2018-03-01 $200,000 (0.2%) $265,605 (0.1%) 0.00 497
    2018-04-01 $209,450 (1.0%) $276,248 (0.5%) 0.00 497
    2018-05-01 $207,950 (-3.3%) $277,858 (-0.1%) 0.00 524
    2018-06-01 $224,900 (4.6%) $285,255 (2.9%) 0.00 530
    2018-07-01 $227,800 (6.0%) $288,735 (4.9%) 0.00 546
    2018-08-01 $224,900 (8.4%) $292,711 (5.5%) 0.00 556
    2018-09-01 $234,900 (10.4%) $295,889 (7.7%) 0.00 581
    2018-10-01 $237,107 (9.1%) $287,974 (5.6%) 0.00 598
    2018-11-01 $229,900 (9.8%) $280,961 (5.7%) 0.00 595
    2018-12-01 $229,450 (14.8%) $277,692 (6.2%) 0.00 573
    2019-01-01 $224,915 (15.1%) $274,055 (7.1%) 0.00 531
    2019-02-01 $229,950 (15.3%) $279,194 (7.6%) 0.00 500
    2019-03-01 $230,429 (15.2%) $287,763 (8.3%) 0.00 494
    2019-04-01 $233,000 (11.2%) $294,259 (6.5%) 0.00 499
    2019-05-01 $237,375 (14.2%) $305,806 (10.1%) 0.00 503
    2019-06-01 $230,000 (2.3%) $298,419 (4.6%) 0.00 529
    2019-07-01 $229,900 (0.9%) $293,498 (1.7%) 0.00 560
    2019-08-01 $230,994 (2.7%) $297,189 (1.5%) 0.00 559
    2019-09-01 $232,635 (-1.0%) $301,102 (1.8%) 0.00 557
    2019-10-01 $233,730 (-1.4%) $303,711 (5.5%) 0.00 555
    2019-11-01 $232,000 (0.9%) $304,684 (8.4%) 0.00 547
    2019-12-01 $232,450 (1.3%) $308,438 (11.1%) 0.00 543
    2020-01-01 $244,982 (8.9%) $312,887 (14.2%) 0.00 450
    2020-02-01 $249,900 (8.7%) $318,409 (14.1%) 0.00 427
    2020-03-01 $249,950 (8.5%) $322,153 (12.0%) 0.00 408
    2020-04-01 $254,900 (9.4%) $320,996 (9.1%) 0.00 400
    2020-05-01 $253,250 (6.7%) $328,587 (7.5%) 0.00 367
    2020-06-01 $269,900 (17.4%) $346,727 (16.2%) 0.00 332
    2020-07-01 $275,000 (19.6%) $372,617 (27.0%) 0.00 312
    2020-08-01 $275,000 (19.1%) $376,641 (26.7%) 0.00 299
    2020-09-01 $277,450 (19.3%) $378,196 (25.6%) 0.00 284
    2020-10-01 $284,950 (21.9%) $387,349 (27.5%) 0.00 272
    2020-11-01 $277,450 (19.6%) $382,479 (25.5%) 0.00 277
    2020-12-01 $271,150 (16.7%) $391,302 (26.9%) 0.00 247
    2021-01-01 $275,000 (12.3%) $384,639 (22.9%) 0.00 230
    2021-02-01 $292,175 (16.9%) $394,331 (23.8%) 0.00 191
    2021-03-01 $288,225 (15.3%) $402,188 (24.8%) 0.00 186
    2021-04-01 $305,675 (19.9%) $420,707 (31.1%) 0.00 177
    2021-05-01 $309,900 (22.4%) $431,419 (31.3%) 0.00 194
    2021-06-01 $305,000 (13.0%) $420,526 (21.3%) 0.00 223
    2021-07-01 $307,900 (12.0%) $433,600 (16.4%) 0.00 270
    2021-08-01 $336,675 (22.4%) $437,807 (16.2%) 0.00 328
    2021-09-01 $347,407 (25.2%) $459,933 (21.6%) 0.00 309
    2021-10-01 $349,000 (22.5%) $484,909 (25.2%) 0.00 302
    2021-11-01 $349,450 (26.0%) $492,376 (28.7%) 0.00 282
    2021-12-01 $354,475 (30.7%) $489,419 (25.1%) 0.00 260
    2022-01-01 $349,000 (26.9%) $509,508 (32.5%) 0.00 233
    2022-02-01 $342,500 (17.2%) $501,594 (27.2%) 0.00 213
    2022-03-01 $339,900 (17.9%) $476,559 (18.5%) 0.00 229
    2022-04-01 $349,965 (14.5%) $475,405 (13.0%) 0.00 251
    2022-05-01 $359,900 (16.1%) $486,168 (12.7%) 0.00 285
    2022-06-01 $367,425 (20.5%) $484,200 (15.1%) 0.00 339
    2022-07-01 $369,999 (20.2%) $480,685 (10.9%) 0.00 407
    2022-08-01 $372,475 (10.6%) $483,099 (10.4%) 0.00 422
    2022-09-01 $364,939 (5.1%) $473,530 (3.0%) 0.00 435
    2022-10-01 $374,900 (7.4%) $477,495 (-1.5%) 0.00 451
    2022-11-01 $363,432 (4.0%) $477,418 (-3.0%) 0.00 471
    2022-12-01 $359,900 (1.5%) $471,088 (-3.8%) 0.00 452
    2023-01-01 $359,900 (3.1%) $470,389 (-7.7%) 0.00 426
    2023-02-01 $369,650 (7.9%) $479,691 (-4.4%) 0.00 403
    2023-03-01 $366,950 (8.0%) $474,353 (-0.5%) 0.00 375
    2023-04-01 $375,000 (7.2%) $477,817 (0.5%) 0.00 355
    2023-05-01 $393,825 (9.4%) $494,315 (1.7%) 0.00 363
    2023-06-01 $404,907 (10.2%) $502,592 (3.8%) 0.00 362
    2023-07-01 $391,250 (5.7%) $488,252 (1.6%) 0.00 366
    2023-08-01 $399,675 (7.3%) $507,896 (5.1%) 0.00 401
    2023-09-01 $399,250 (9.4%) $514,789 (8.7%) 0.00 420
    2023-10-01 $397,225 (6.0%) $499,280 (4.6%) 0.00 441
    2023-11-01 $394,930 (8.7%) $484,219 (1.4%) 0.00 486
    2023-12-01 $389,915 (8.3%) $475,310 (0.9%) 0.00 482
    2024-01-01 $379,900 (5.6%) $468,998 (-0.3%) 0.00 447
    2024-02-01 $379,125 (2.6%) $463,995 (-3.3%) 0.00 430
    2024-03-01 $374,900 (2.2%) $461,432 (-2.7%) 0.00 445
    2024-04-01 $370,000 (-1.3%) $460,019 (-3.7%) 0.00 441
    2024-05-01 $374,750 (-4.8%) $466,895 (-5.6%) 0.00 449
    2024-06-01 $369,900 (-8.7%) $460,322 (-8.4%) 0.00 483
    2024-07-01 $374,957 (-4.2%) $461,889 (-5.4%) 0.00 548
    2024-08-01 $379,000 (-5.2%) $459,909 (-9.5%) 0.00 580
    2024-09-01 $374,450 (-6.2%) $452,378 (-12.1%) 0.00 633
    2024-10-01 $367,450 (-7.5%) $454,989 (-8.9%) 0.00 628
    2024-11-01 $365,000 (-7.6%) $450,058 (-7.1%) 0.00 643
    2024-12-01 $364,900 (-6.4%) $440,994 (-7.2%) 0.00 631
    2025-01-01 $367,125 (-3.4%) $436,628 (-6.9%) 0.00 583
    Cookeville's median listing price for 2025-01-01 was $367,125, a difference of $-12,775 (-3.4%) versus the prior year and $2,225 versus the prior month.

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

    Cookeville's average listing price for 2025-01-01 was $436,628, a difference of $-32,370 (-6.9%) versus the prior year and $-4,366 versus the prior month.

    For the 2025-01-01 period, Cookeville had 583 MLS listings, a difference of -48 listings (-8%) versus the prior month and 136 listings (30%) 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 1,817 sqft
    2018-02-01 0 days 1,832 sqft
    2018-03-01 0 days 1,863 sqft
    2018-04-01 0 days 1,915 sqft
    2018-05-01 0 days 1,913 sqft
    2018-06-01 0 days 1,940 sqft
    2018-07-01 0 days 1,996 sqft
    2018-08-01 0 days 2,010 sqft
    2018-09-01 0 days 2,027 sqft
    2018-10-01 0 days 2,003 sqft
    2018-11-01 0 days 1,978 sqft
    2018-12-01 0 days 1,989 sqft
    2019-01-01 0 days 1,949 sqft
    2019-02-01 0 days 1,920 sqft
    2019-03-01 0 days 1,928 sqft
    2019-04-01 0 days 1,953 sqft
    2019-05-01 0 days 2,000 sqft
    2019-06-01 0 days 1,936 sqft
    2019-07-01 0 days 1,916 sqft
    2019-08-01 0 days 1,928 sqft
    2019-09-01 0 days 1,927 sqft
    2019-10-01 0 days 1,926 sqft
    2019-11-01 0 days 1,920 sqft
    2019-12-01 0 days 1,920 sqft
    2020-01-01 0 days 1,933 sqft
    2020-02-01 0 days 1,992 sqft
    2020-03-01 0 days 2,000 sqft
    2020-04-01 0 days 1,958 sqft
    2020-05-01 0 days 1,988 sqft
    2020-06-01 0 days 2,052 sqft
    2020-07-01 0 days 2,167 sqft
    2020-08-01 0 days 2,060 sqft
    2020-09-01 0 days 1,976 sqft
    2020-10-01 0 days 1,981 sqft
    2020-11-01 0 days 1,891 sqft
    2020-12-01 0 days 1,908 sqft
    2021-01-01 0 days 1,902 sqft
    2021-02-01 0 days 1,999 sqft
    2021-03-01 0 days 1,997 sqft
    2021-04-01 0 days 2,009 sqft
    2021-05-01 0 days 1,988 sqft
    2021-06-01 0 days 1,932 sqft
    2021-07-01 0 days 2,004 sqft
    2021-08-01 0 days 2,028 sqft
    2021-09-01 0 days 2,103 sqft
    2021-10-01 0 days 2,198 sqft
    2021-11-01 0 days 2,277 sqft
    2021-12-01 0 days 2,243 sqft
    2022-01-01 0 days 2,205 sqft
    2022-02-01 0 days 2,104 sqft
    2022-03-01 0 days 1,979 sqft
    2022-04-01 0 days 1,996 sqft
    2022-05-01 0 days 1,902 sqft
    2022-06-01 0 days 1,930 sqft
    2022-07-01 0 days 1,919 sqft
    2022-08-01 0 days 1,934 sqft
    2022-09-01 0 days 1,856 sqft
    2022-10-01 0 days 1,885 sqft
    2022-11-01 0 days 1,879 sqft
    2022-12-01 0 days 1,857 sqft
    2023-01-01 0 days 1,871 sqft
    2023-02-01 0 days 1,853 sqft
    2023-03-01 0 days 1,841 sqft
    2023-04-01 0 days 1,862 sqft
    2023-05-01 0 days 1,926 sqft
    2023-06-01 0 days 2,029 sqft
    2023-07-01 0 days 1,947 sqft
    2023-08-01 0 days 1,938 sqft
    2023-09-01 0 days 1,956 sqft
    2023-10-01 0 days 1,974 sqft
    2023-11-01 0 days 1,909 sqft
    2023-12-01 0 days 1,909 sqft
    2024-01-01 0 days 1,844 sqft
    2024-02-01 0 days 1,800 sqft
    2024-03-01 0 days 1,790 sqft
    2024-04-01 0 days 1,799 sqft
    2024-05-01 0 days 1,832 sqft
    2024-06-01 0 days 1,799 sqft
    2024-07-01 0 days 1,800 sqft
    2024-08-01 0 days 1,791 sqft
    2024-09-01 0 days 1,797 sqft
    2024-10-01 0 days 1,770 sqft
    2024-11-01 0 days 1,730 sqft
    2024-12-01 0 days 1,702 sqft
    2025-01-01 0 days 1,701 sqft
    Cookeville's median listing age (time on market) for 2025-01-01 was 0 days.

    Cookeville's median square footage for active listings during the 2025-01-01 period was 1,701 sqft. One year prior, the average listing was 1,844 sqft.