Jackson USDA Loan Rates, Closing Costs & Stats

JACKSON, 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.

    Jackson's 21 lenders originated 94 USDA loans during 2023. The total origination value was $15,970,000, with an average USDA loan value of $169,894.

    Jackson USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Jackson averaged 6.22% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Jackson's average USDA mortgage closing costs are $4,435.

    The average rate for the prior week (2025-02-07) was 6.27% and one month ago for the week of 2025-01-10, the average rate was 6.42%.

    The average rate one year ago was 6.51%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.72%.

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

    Jackson 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 Jackson level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Leaders Credit Union 27 6.32% $3,980
    MORTGAGE INVESTORS GROUP, INC. 9 6.39% $6,261
    FIRST COMMUNITY MORTGAGE, INC. 9 6.21% $7,551
    STOCKTON MORTGAGE CORPORATION 6 6.56% $9,007
    UNITED WHOLESALE MORTGAGE, LLC 5 6.73% $8,979
    Simmons Bank 3 6.83% $4,786
    Regions Bank 3 6.58% $3,377
    First Citizens National Bank 3 5.67% $6,675
    Bank of England 2 6.63% $7,627
    Equity Prime Mortgage LLC 2 6.81% $5,800
    FirstBank 2 6.69% $6,066
    MID AMERICA MORTGAGE, INC. 2 7.13% $5,846
    The First National Bank of Middle Tennessee 2 5.94% $5,701
    NP, Inc. 1 7.13% $6,889
    Paramount Residential Mortgage Group, Inc. 1 6.88% $6,415
    HOMESIDE FINANCIAL, LLC 1 7.13% $7,568
    EVERETT FINANCIAL, INC. 1 6.88% $7,695
    COMMUNITY MORTGAGE CORPORATION 1 6.25% $6,276
    CARDINAL FINANCIAL 1 6.75% $12,289
    UNION HOME MORTGAGE CORP. 1 6.63% $9,498
    Legends Bank 1 6.25% $4,276

    The top Jackson USDA lender as defined by loan originations is Leaders Credit Union, with 27 USDA loans originated. Their average total fees are $3,980, which is $2,281 lower than the next largest lender, MORTGAGE INVESTORS GROUP, INC..

    The lowest fee Jackson USDA lenders (with over 10 loans originated) are Leaders Credit Union ($3,980), .

    The lowest rate Jackson USDA lenders (with over 10 loans originated) are Leaders Credit Union (6.32%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Jackson (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 $129,900 (11.2%) $178,654 (12.8%) 0.00 657
    2018-02-01 $126,900 (8.7%) $178,539 (13.5%) 0.00 652
    2018-03-01 $133,000 (13.9%) $183,468 (16.0%) 0.00 644
    2018-04-01 $132,400 (14.9%) $182,397 (16.5%) 0.00 598
    2018-05-01 $133,750 (11.6%) $190,541 (17.9%) 0.00 603
    2018-06-01 $134,900 (8.0%) $187,454 (14.0%) 0.00 623
    2018-07-01 $139,450 (9.4%) $188,758 (13.3%) 0.00 650
    2018-08-01 $143,700 (14.0%) $193,786 (16.1%) 0.00 679
    2018-09-01 $140,000 (8.1%) $191,596 (9.6%) 0.00 695
    2018-10-01 $136,225 (5.7%) $185,484 (4.2%) 0.00 726
    2018-11-01 $139,450 (8.4%) $186,172 (5.5%) 0.00 712
    2018-12-01 $137,500 (5.9%) $185,070 (3.6%) 0.00 638
    2019-01-01 $139,900 (7.7%) $187,066 (4.7%) 0.00 581
    2019-02-01 $142,450 (12.3%) $190,521 (6.7%) 0.00 540
    2019-03-01 $148,186 (11.4%) $195,962 (6.8%) 0.00 532
    2019-04-01 $153,438 (15.9%) $203,194 (11.4%) 0.00 533
    2019-05-01 $165,525 (23.8%) $212,806 (11.7%) 0.00 531
    2019-06-01 $164,900 (22.2%) $210,393 (12.2%) 0.00 556
    2019-07-01 $152,675 (9.5%) $202,676 (7.4%) 0.00 583
    2019-08-01 $145,055 (0.9%) $195,609 (0.9%) 0.00 599
    2019-09-01 $148,961 (6.4%) $196,403 (2.5%) 0.00 608
    2019-10-01 $150,566 (10.5%) $197,446 (6.5%) 0.00 614
    2019-11-01 $155,400 (11.4%) $199,999 (7.4%) 0.00 586
    2019-12-01 $157,400 (14.5%) $201,362 (8.8%) 0.00 504
    2020-01-01 $150,000 (7.2%) $198,846 (6.3%) 0.00 483
    2020-02-01 $157,400 (10.5%) $200,907 (5.5%) 0.00 440
    2020-03-01 $160,000 (8.0%) $205,248 (4.7%) 0.00 457
    2020-04-01 $165,150 (7.6%) $208,076 (2.4%) 0.00 463
    2020-05-01 $168,900 (2.0%) $210,265 (-1.2%) 0.00 416
    2020-06-01 $172,225 (4.4%) $219,256 (4.2%) 0.00 363
    2020-07-01 $177,425 (16.2%) $223,532 (10.3%) 0.00 340
    2020-08-01 $179,900 (24.0%) $225,700 (15.4%) 0.00 309
    2020-09-01 $179,900 (20.8%) $233,354 (18.8%) 0.00 278
    2020-10-01 $175,000 (16.2%) $236,615 (19.8%) 0.00 248
    2020-11-01 $169,900 (9.3%) $239,191 (19.6%) 0.00 261
    2020-12-01 $184,500 (17.2%) $250,931 (24.6%) 0.00 241
    2021-01-01 $182,400 (21.6%) $263,285 (32.4%) 0.00 198
    2021-02-01 $179,600 (14.1%) $273,387 (36.1%) 0.00 156
    2021-03-01 $169,225 (5.8%) $248,708 (21.2%) 0.00 139
    2021-04-01 $173,700 (5.2%) $245,756 (18.1%) 0.00 127
    2021-05-01 $169,900 (0.6%) $260,591 (23.9%) 0.00 134
    2021-06-01 $180,725 (4.9%) $269,887 (23.1%) 0.00 149
    2021-07-01 $197,000 (11.0%) $266,873 (19.4%) 0.00 176
    2021-08-01 $202,450 (12.5%) $262,817 (16.5%) 0.00 194
    2021-09-01 $197,225 (9.6%) $257,074 (10.2%) 0.00 211
    2021-10-01 $199,500 (14.0%) $259,297 (9.6%) 0.00 211
    2021-11-01 $199,575 (17.5%) $262,741 (9.9%) 0.00 209
    2021-12-01 $199,900 (8.4%) $257,069 (2.5%) 0.00 212
    2022-01-01 $199,000 (9.1%) $260,417 (-1.1%) 0.00 187
    2022-02-01 $182,325 (1.5%) $245,486 (-10.2%) 0.00 173
    2022-03-01 $184,675 (9.1%) $244,403 (-1.7%) 0.00 163
    2022-04-01 $199,900 (15.1%) $253,242 (3.1%) 0.00 171
    2022-05-01 $229,750 (35.2%) $280,766 (7.7%) 0.00 180
    2022-06-01 $224,950 (24.5%) $288,735 (7.0%) 0.00 229
    2022-07-01 $240,000 (21.8%) $295,836 (10.9%) 0.00 292
    2022-08-01 $249,075 (23.0%) $302,958 (15.3%) 0.00 299
    2022-09-01 $263,675 (33.7%) $310,381 (20.7%) 0.00 341
    2022-10-01 $269,000 (34.8%) $316,963 (22.2%) 0.00 365
    2022-11-01 $264,900 (32.7%) $313,837 (19.5%) 0.00 371
    2022-12-01 $264,900 (32.5%) $319,940 (24.5%) 0.00 351
    2023-01-01 $269,475 (35.4%) $328,649 (26.2%) 0.00 338
    2023-02-01 $274,900 (50.8%) $332,788 (35.6%) 0.00 309
    2023-03-01 $293,950 (59.2%) $334,165 (36.7%) 0.00 303
    2023-04-01 $295,000 (47.6%) $340,243 (34.4%) 0.00 291
    2023-05-01 $300,450 (30.8%) $351,314 (25.1%) 0.00 280
    2023-06-01 $309,675 (37.7%) $361,631 (25.3%) 0.00 294
    2023-07-01 $299,950 (25.0%) $363,434 (22.9%) 0.00 319
    2023-08-01 $298,950 (20.0%) $369,756 (22.1%) 0.00 312
    2023-09-01 $299,000 (13.4%) $382,510 (23.2%) 0.00 314
    2023-10-01 $294,350 (9.4%) $367,475 (15.9%) 0.00 376
    2023-11-01 $289,900 (9.4%) $361,853 (15.3%) 0.00 386
    2023-12-01 $289,900 (9.4%) $338,844 (5.9%) 0.00 397
    2024-01-01 $285,150 (5.8%) $332,953 (1.3%) 0.00 384
    2024-02-01 $287,400 (4.6%) $337,634 (1.5%) 0.00 369
    2024-03-01 $297,900 (1.3%) $348,410 (4.3%) 0.00 377
    2024-04-01 $299,900 (1.7%) $361,073 (6.1%) 0.00 405
    2024-05-01 $301,475 (0.3%) $362,612 (3.2%) 0.00 423
    2024-06-01 $299,900 (-3.2%) $359,488 (-0.6%) 0.00 450
    2024-07-01 $299,900 (0.0%) $362,836 (-0.2%) 0.00 486
    2024-08-01 $299,900 (0.3%) $363,960 (-1.6%) 0.00 511
    2024-09-01 $296,225 (-0.9%) $352,828 (-7.8%) 0.00 582
    2024-10-01 $289,900 (-1.5%) $354,979 (-3.4%) 0.00 575
    2024-11-01 $284,580 (-1.8%) $370,273 (2.3%) 0.00 563
    2024-12-01 $289,400 (-0.2%) $381,942 (12.7%) 0.00 527
    2025-01-01 $289,995 (1.7%) $380,856 (14.4%) 0.00 516
    Jackson's median listing price for 2025-01-01 was $289,995, a difference of $4,845 (1.7%) versus the prior year and $595 versus the prior month.

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

    Jackson's average listing price for 2025-01-01 was $380,856, a difference of $47,903 (14.4%) versus the prior year and $-1,086 versus the prior month.

    For the 2025-01-01 period, Jackson had 516 MLS listings, a difference of -11 listings (-2%) versus the prior month and 132 listings (34%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Jackson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,865 sqft
    2018-02-01 0 days 1,831 sqft
    2018-03-01 0 days 1,880 sqft
    2018-04-01 0 days 1,865 sqft
    2018-05-01 0 days 1,891 sqft
    2018-06-01 0 days 1,853 sqft
    2018-07-01 0 days 1,869 sqft
    2018-08-01 0 days 1,947 sqft
    2018-09-01 0 days 1,979 sqft
    2018-10-01 0 days 1,896 sqft
    2018-11-01 0 days 1,888 sqft
    2018-12-01 0 days 1,909 sqft
    2019-01-01 0 days 1,882 sqft
    2019-02-01 0 days 1,884 sqft
    2019-03-01 0 days 1,891 sqft
    2019-04-01 0 days 1,911 sqft
    2019-05-01 0 days 2,016 sqft
    2019-06-01 0 days 1,964 sqft
    2019-07-01 0 days 1,912 sqft
    2019-08-01 0 days 1,868 sqft
    2019-09-01 0 days 1,861 sqft
    2019-10-01 0 days 1,857 sqft
    2019-11-01 0 days 1,893 sqft
    2019-12-01 0 days 1,884 sqft
    2020-01-01 0 days 1,859 sqft
    2020-02-01 0 days 1,924 sqft
    2020-03-01 0 days 1,915 sqft
    2020-04-01 0 days 1,948 sqft
    2020-05-01 0 days 1,950 sqft
    2020-06-01 0 days 1,975 sqft
    2020-07-01 0 days 1,998 sqft
    2020-08-01 0 days 1,943 sqft
    2020-09-01 0 days 1,959 sqft
    2020-10-01 0 days 1,937 sqft
    2020-11-01 0 days 1,980 sqft
    2020-12-01 0 days 1,958 sqft
    2021-01-01 0 days 1,950 sqft
    2021-02-01 0 days 1,940 sqft
    2021-03-01 0 days 1,779 sqft
    2021-04-01 0 days 1,864 sqft
    2021-05-01 0 days 1,852 sqft
    2021-06-01 0 days 1,746 sqft
    2021-07-01 0 days 1,821 sqft
    2021-08-01 0 days 1,823 sqft
    2021-09-01 0 days 1,822 sqft
    2021-10-01 0 days 1,804 sqft
    2021-11-01 0 days 1,741 sqft
    2021-12-01 0 days 1,729 sqft
    2022-01-01 0 days 1,718 sqft
    2022-02-01 0 days 1,667 sqft
    2022-03-01 0 days 1,682 sqft
    2022-04-01 0 days 1,727 sqft
    2022-05-01 0 days 1,753 sqft
    2022-06-01 0 days 1,813 sqft
    2022-07-01 0 days 1,900 sqft
    2022-08-01 0 days 1,891 sqft
    2022-09-01 0 days 1,890 sqft
    2022-10-01 0 days 1,918 sqft
    2022-11-01 0 days 1,992 sqft
    2022-12-01 0 days 1,959 sqft
    2023-01-01 0 days 1,927 sqft
    2023-02-01 0 days 1,924 sqft
    2023-03-01 0 days 1,980 sqft
    2023-04-01 0 days 1,964 sqft
    2023-05-01 0 days 1,983 sqft
    2023-06-01 0 days 2,063 sqft
    2023-07-01 0 days 2,061 sqft
    2023-08-01 0 days 2,077 sqft
    2023-09-01 0 days 2,000 sqft
    2023-10-01 0 days 1,963 sqft
    2023-11-01 0 days 1,932 sqft
    2023-12-01 0 days 1,915 sqft
    2024-01-01 0 days 1,896 sqft
    2024-02-01 0 days 1,902 sqft
    2024-03-01 0 days 1,991 sqft
    2024-04-01 0 days 2,025 sqft
    2024-05-01 0 days 2,073 sqft
    2024-06-01 0 days 2,036 sqft
    2024-07-01 0 days 2,030 sqft
    2024-08-01 0 days 2,048 sqft
    2024-09-01 0 days 1,980 sqft
    2024-10-01 0 days 1,927 sqft
    2024-11-01 0 days 1,925 sqft
    2024-12-01 0 days 1,928 sqft
    2025-01-01 0 days 1,950 sqft
    Jackson's median listing age (time on market) for 2025-01-01 was 0 days.

    Jackson's median square footage for active listings during the 2025-01-01 period was 1,950 sqft. One year prior, the average listing was 1,896 sqft.