Johnson City USDA Loan Rates, Closing Costs & Stats

JOHNSON CITY, 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.

    Johnson City's 20 lenders originated 33 USDA loans during 2023. The total origination value was $6,805,000, with an average USDA loan value of $206,212.

    Johnson City USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Johnson City averaged 6.24% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Johnson City's average USDA mortgage closing costs are $5,134.

    The average rate for the prior week (2024-12-06) was 6.57% and one month ago for the week of 2024-11-08, the average rate was 6.69%.

    The average rate one year ago was 6.86%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.84%.

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

    Johnson City 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 Johnson City level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CARDINAL FINANCIAL 3 6.21% $8,791
    AMERICAN FINANCIAL RESOURCES, INC. 3 6.21% $9,702
    Sierra Pacific Mortgage Company, Inc. 3 6.79% $9,204
    Regions Bank 2 6.00% $6,427
    FIRST COMMUNITY MORTGAGE, INC. 2 6.38% $5,122
    GUARANTEED RATE, INC. 2 5.80% $9,082
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 7.13% $3,770
    UNITED WHOLESALE MORTGAGE, LLC 2 6.24% $11,595
    MORTGAGE INVESTORS GROUP, INC. 2 6.56% $7,900
    MOVEMENT MORTGAGE, LLC 2 6.75% $5,023
    KELLER MORTGAGE, LLC 1 5.63% $6,247
    AXIA FINANCIAL, LLC 1 6.63% $5,301
    EASTMAN 1 6.88% $6,304
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $2,707
    First Horizon Bank 1 6.63% $5,312
    ALAMEDA MORTGAGE CORPORATION 1 6.88% $10,309
    ROSS MORTGAGE CORPORATION 1 7.38% $8,434
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.63% $7,277
    STOCKTON MORTGAGE CORPORATION 1 5.88% $8,611
    Truist 1 6.25% $5,183

    The top Johnson City USDA lender as defined by loan originations is CARDINAL FINANCIAL, with 3 USDA loans originated. Their average total fees are $8,791, which is $911 lower than the next largest lender, AMERICAN FINANCIAL RESOURCES, INC..

    The lowest fee Johnson City USDA lenders (with over 10 loans originated) are .

    The lowest rate Johnson City USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Johnson City (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 $202,500 (6.6%) $276,404 (6.1%) 0.75 775
    2018-02-01 $209,900 (10.7%) $275,206 (4.2%) 0.76 740
    2018-03-01 $215,000 (13.5%) $284,373 (8.4%) 0.75 752
    2018-04-01 $219,925 (11.8%) $292,277 (8.9%) 0.75 747
    2018-05-01 $229,900 (15.5%) $299,129 (10.4%) 0.77 753
    2018-06-01 $229,900 (15.6%) $297,072 (10.7%) 0.77 818
    2018-07-01 $222,443 (11.8%) $292,799 (8.8%) 0.74 840
    2018-08-01 $220,925 (10.6%) $290,435 (8.7%) 0.74 855
    2018-09-01 $219,900 (10.0%) $287,225 (6.8%) 0.74 894
    2018-10-01 $217,250 (6.0%) $279,934 (2.0%) 0.74 895
    2018-11-01 $210,000 (4.4%) $275,903 (3.3%) 0.71 902
    2018-12-01 $199,900 (-2.5%) $267,680 (-2.5%) 0.69 857
    2019-01-01 $199,425 (-1.5%) $267,410 (-3.3%) 0.69 792
    2019-02-01 $189,925 (-9.5%) $264,487 (-3.9%) 0.64 790
    2019-03-01 $204,943 (-4.7%) $282,654 (-0.6%) 0.67 709
    2019-04-01 $226,750 (3.1%) $304,817 (4.3%) 0.72 620
    2019-05-01 $237,375 (3.3%) $315,918 (5.6%) 0.74 635
    2019-06-01 $239,900 (4.4%) $322,187 (8.5%) 0.75 630
    2019-07-01 $239,924 (7.9%) $319,088 (9.0%) 0.75 656
    2019-08-01 $239,791 (8.5%) $315,530 (8.6%) 0.76 668
    2019-09-01 $239,627 (9.0%) $315,885 (10.0%) 0.77 674
    2019-10-01 $242,218 (11.5%) $318,283 (13.7%) 0.78 673
    2019-11-01 $239,900 (14.2%) $319,519 (15.8%) 0.79 643
    2019-12-01 $236,450 (18.3%) $317,537 (18.6%) 0.79 590
    2020-01-01 $244,375 (22.5%) $323,831 (21.1%) 0.82 535
    2020-02-01 $249,900 (31.6%) $331,980 (25.5%) 0.82 493
    2020-03-01 $251,724 (22.8%) $338,847 (19.9%) 0.79 456
    2020-04-01 $264,450 (16.6%) $340,981 (11.9%) 0.83 412
    2020-05-01 $279,700 (17.8%) $352,209 (11.5%) 0.85 384
    2020-06-01 $272,000 (13.4%) $351,541 (9.1%) 0.80 354
    2020-07-01 $269,800 (12.5%) $373,121 (16.9%) 0.78 341
    2020-08-01 $286,000 (19.3%) $400,147 (26.8%) 0.82 327
    2020-09-01 $290,250 (21.1%) $412,495 (30.6%) 0.83 316
    2020-10-01 $284,950 (17.6%) $403,079 (26.6%) 0.82 332
    2020-11-01 $277,425 (15.6%) $411,904 (28.9%) 0.81 295
    2020-12-01 $282,425 (19.4%) $409,371 (28.9%) 0.84 282
    2021-01-01 $278,700 (14.1%) $406,024 (25.4%) 0.83 232
    2021-02-01 $277,225 (10.9%) $427,785 (28.9%) 0.81 175
    2021-03-01 $299,900 (19.1%) $480,872 (41.9%) 0.85 158
    2021-04-01 $319,675 (20.9%) $481,930 (41.3%) 0.87 166
    2021-05-01 $324,950 (16.2%) $476,422 (35.3%) 0.86 177
    2021-06-01 $299,900 (10.3%) $427,434 (21.6%) 0.79 204
    2021-07-01 $277,450 (2.8%) $417,942 (12.0%) 0.73 206
    2021-08-01 $304,925 (6.6%) $460,877 (15.2%) 0.81 250
    2021-09-01 $303,675 (4.6%) $475,199 (15.2%) 0.81 247
    2021-10-01 $310,000 (8.8%) $446,457 (10.8%) 0.83 285
    2021-11-01 $310,000 (11.7%) $469,224 (13.9%) 0.83 236
    2021-12-01 $315,000 (11.5%) $486,439 (18.8%) 0.85 194
    2022-01-01 $324,900 (16.6%) $499,382 (23.0%) 0.88 145
    2022-02-01 $373,675 (34.8%) $543,400 (27.0%) 0.97 121
    2022-03-01 $346,175 (15.4%) $502,383 (4.5%) 0.87 143
    2022-04-01 $350,000 (9.5%) $520,505 (8.0%) 0.83 153
    2022-05-01 $350,000 (7.7%) $495,391 (4.0%) 0.80 190
    2022-06-01 $350,000 (16.7%) $488,773 (14.4%) 0.78 216
    2022-07-01 $360,000 (29.8%) $489,205 (17.1%) 0.81 271
    2022-08-01 $384,250 (26.0%) $559,765 (21.5%) 0.89 277
    2022-09-01 $379,450 (25.0%) $540,810 (13.8%) 0.89 281
    2022-10-01 $380,000 (22.6%) $522,865 (17.1%) 0.89 318
    2022-11-01 $362,450 (16.9%) $497,653 (6.1%) 0.87 330
    2022-12-01 $379,950 (20.6%) $500,552 (2.9%) 0.94 289
    2023-01-01 $388,675 (19.6%) $487,606 (-2.4%) 0.96 275
    2023-02-01 $399,350 (6.9%) $487,990 (-10.2%) 0.96 245
    2023-03-01 $412,500 (19.2%) $500,449 (-0.4%) 0.97 243
    2023-04-01 $410,000 (17.1%) $491,964 (-5.5%) 0.95 264
    2023-05-01 $429,900 (22.8%) $545,793 (10.2%) 0.97 250
    2023-06-01 $422,473 (20.7%) $505,286 (3.4%) 0.95 260
    2023-07-01 $415,000 (15.3%) $524,712 (7.3%) 0.94 257
    2023-08-01 $417,439 (8.6%) $522,899 (-6.6%) 0.96 276
    2023-09-01 $424,950 (12.0%) $523,783 (-3.2%) 0.99 298
    2023-10-01 $394,675 (3.9%) $508,930 (-2.7%) 0.93 358
    2023-11-01 $373,750 (3.1%) $481,471 (-3.3%) 0.89 389
    2023-12-01 $369,650 (-2.7%) $476,072 (-4.9%) 0.90 390
    2024-01-01 $367,450 (-5.5%) $481,845 (-1.2%) 0.90 359
    2024-02-01 $357,450 (-10.5%) $481,962 (-1.2%) 0.86 325
    2024-03-01 $376,950 (-8.6%) $496,178 (-0.9%) 0.89 342
    2024-04-01 $379,430 (-7.5%) $512,653 (4.2%) 0.88 333
    2024-05-01 $386,950 (-10.0%) $525,984 (-3.6%) 0.87 344
    2024-06-01 $369,000 (-12.7%) $494,904 (-2.1%) 0.83 397
    2024-07-01 $360,650 (-13.1%) $478,737 (-8.8%) 0.82 452
    2024-08-01 $369,900 (-11.4%) $482,173 (-7.8%) 0.86 474
    2024-09-01 $379,950 (-10.6%) $491,020 (-6.3%) 0.89 506
    2024-10-01 $374,850 (-5.0%) $488,797 (-4.0%) 0.88 543
    2024-11-01 $375,000 (0.3%) $486,498 (1.0%) 0.90 552
    Johnson City's median listing price for 2024-11-01 was $375,000, a difference of $1,250 (0.3%) versus the prior year and $150 versus the prior month.

    Johnson City's median listing price comes in at 90% of the national average.

    Johnson City's average listing price for 2024-11-01 was $486,498, a difference of $5,027 (1.0%) versus the prior year and $-2,299 versus the prior month.

    For the 2024-11-01 period, Johnson City had 552 MLS listings, a difference of 9 listings (2%) versus the prior month and 163 listings (42%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Johnson City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 94 days 2,009 sqft
    2018-02-01 88 days 1,996 sqft
    2018-03-01 67 days 2,000 sqft
    2018-04-01 65 days 2,029 sqft
    2018-05-01 61 days 2,070 sqft
    2018-06-01 54 days 2,113 sqft
    2018-07-01 61 days 2,125 sqft
    2018-08-01 66 days 2,050 sqft
    2018-09-01 65 days 2,050 sqft
    2018-10-01 72 days 2,036 sqft
    2018-11-01 74 days 1,933 sqft
    2018-12-01 87 days 1,944 sqft
    2019-01-01 93 days 1,837 sqft
    2019-02-01 93 days 1,845 sqft
    2019-03-01 76 days 1,966 sqft
    2019-04-01 57 days 2,087 sqft
    2019-05-01 51 days 2,132 sqft
    2019-06-01 58 days 2,129 sqft
    2019-07-01 62 days 2,130 sqft
    2019-08-01 58 days 2,120 sqft
    2019-09-01 60 days 2,109 sqft
    2019-10-01 63 days 2,117 sqft
    2019-11-01 67 days 2,149 sqft
    2019-12-01 79 days 2,101 sqft
    2020-01-01 93 days 2,118 sqft
    2020-02-01 88 days 2,053 sqft
    2020-03-01 59 days 2,028 sqft
    2020-04-01 56 days 2,040 sqft
    2020-05-01 65 days 2,030 sqft
    2020-06-01 46 days 1,981 sqft
    2020-07-01 44 days 1,971 sqft
    2020-08-01 38 days 2,028 sqft
    2020-09-01 40 days 2,034 sqft
    2020-10-01 41 days 2,026 sqft
    2020-11-01 45 days 2,050 sqft
    2020-12-01 51 days 1,996 sqft
    2021-01-01 58 days 1,946 sqft
    2021-02-01 44 days 1,927 sqft
    2021-03-01 31 days 2,106 sqft
    2021-04-01 27 days 2,151 sqft
    2021-05-01 19 days 2,138 sqft
    2021-06-01 23 days 2,013 sqft
    2021-07-01 24 days 1,872 sqft
    2021-08-01 25 days 1,936 sqft
    2021-09-01 30 days 1,942 sqft
    2021-10-01 30 days 1,846 sqft
    2021-11-01 45 days 1,819 sqft
    2021-12-01 56 days 1,872 sqft
    2022-01-01 60 days 1,800 sqft
    2022-02-01 34 days 1,909 sqft
    2022-03-01 24 days 1,858 sqft
    2022-04-01 22 days 1,880 sqft
    2022-05-01 23 days 1,912 sqft
    2022-06-01 27 days 1,866 sqft
    2022-07-01 24 days 1,921 sqft
    2022-08-01 36 days 1,972 sqft
    2022-09-01 40 days 1,972 sqft
    2022-10-01 47 days 1,975 sqft
    2022-11-01 46 days 1,963 sqft
    2022-12-01 58 days 2,001 sqft
    2023-01-01 69 days 1,944 sqft
    2023-02-01 63 days 2,000 sqft
    2023-03-01 45 days 2,058 sqft
    2023-04-01 36 days 2,029 sqft
    2023-05-01 37 days 2,011 sqft
    2023-06-01 36 days 1,950 sqft
    2023-07-01 36 days 1,928 sqft
    2023-08-01 34 days 1,910 sqft
    2023-09-01 39 days 2,027 sqft
    2023-10-01 43 days 1,896 sqft
    2023-11-01 45 days 1,811 sqft
    2023-12-01 54 days 1,806 sqft
    2024-01-01 68 days 1,802 sqft
    2024-02-01 67 days 1,796 sqft
    2024-03-01 56 days 1,808 sqft
    2024-04-01 47 days 1,841 sqft
    2024-05-01 41 days 1,841 sqft
    2024-06-01 39 days 1,876 sqft
    2024-07-01 40 days 1,845 sqft
    2024-08-01 49 days 1,862 sqft
    2024-09-01 53 days 1,876 sqft
    2024-10-01 55 days 1,862 sqft
    2024-11-01 65 days 1,872 sqft
    Johnson City's median listing age (time on market) for 2024-11-01 was 65 days. This is 45% longer than the same period one year ago.

    Johnson City's median square footage for active listings during the 2024-11-01 period was 1,872 sqft. One year prior, the average listing was 1,811 sqft.