Johnson City USDA Loan Rates, Closing Costs & Stats

JOHNSON CITY, 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.

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 6.78% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

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

The average rate for the prior week (2024-05-10) was 6.92% and one month ago for the week of 2024-04-12, the average rate was 6.95%.

The average rate one year ago was 6.53%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.49%.

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
Johnson City's median listing price for 2024-04-01 was $379,430, a difference of $-30,570 (-7.5%) versus the prior year and $2,480 versus the prior month.

Johnson City's median listing price comes in at 88% of the national average.

Johnson City's average listing price for 2024-04-01 was $512,653, a difference of $20,689 (4.2%) versus the prior year and $16,475 versus the prior month.

For the 2024-04-01 period, Johnson City had 333 MLS listings, a difference of -9 listings (-3%) versus the prior month and 69 listings (26%) 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
Johnson City's median listing age (time on market) for 2024-04-01 was 47 days. This is 32% longer than the same period one year ago.

Johnson City's median square footage for active listings during the 2024-04-01 period was 1,841 sqft. One year prior, the average listing was 2,029 sqft.