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 34 lenders originated 174 USDA loans during 2021. The total origination value was $29,580,000, with an average USDA loan value of $170,000.

    Johnson City USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Johnson City averaged 6.51% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

    Johnson City's average USDA mortgage closing costs are $4,908.

    The average rate for the prior week (2022-11-25) was 6.95% and one month ago for the week of 2022-10-28, the average rate was 7.12%.

    The average rate one year ago was 3.51%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.48%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 30 3.21% $5,828
    MOVEMENT MORTGAGE, LLC 27 2.99% $4,143
    GUARANTEED RATE, INC. 15 2.83% $5,880
    Sierra Pacific Mortgage Company, Inc. 15 2.98% $6,107
    MORTGAGE INVESTORS GROUP, INC. 9 2.96% $5,546
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 8 3.12% $3,396
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 3.53% $4,921
    Bank of Tennessee 7 2.89% $4,302
    CMG MORTGAGE, INC. 7 3.23% $5,552
    AMERICAN FINANCIAL NETWORK, INC. 5 2.65% $8,471
    FIRST COMMUNITY MORTGAGE, INC. 5 3.65% $3,864
    UNITED WHOLESALE MORTGAGE, LLC 5 2.82% $8,583
    SUCCESS MORTGAGE PARTNERS, INC. 4 2.97% $4,485
    Citizens Bank 4 2.97% $4,977
    UNION HOME MORTGAGE CORP. 3 2.67% $5,440
    PENNYMAC LOAN SERVICES, LLC 2 2.94% $6,187
    Gateway First Bank 2 2.81% $2,614
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 2.94% $4,924
    HOME POINT FINANCIAL CORPORATION 1 3.13% $2,611
    HomeTrust Bank 1 2.50% $4,909
    Atlantic Union Bank 1 2.88% $4,693
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 3.13% $4,821
    Northpointe Bank 1 2.63% $5,684
    United Community Bank 1 3.50% $5,159
    First Guaranty Mortgage Corporation 1 3.25% $7,301
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.50% $5,030
    SeaTrust Mortgage Company 1 3.25% $4,051
    SECURITYNATIONAL MORTGAGE COMPANY 1 2.88% $4,814
    A Mortgage Boutique, LLC 1 2.88% $3,811
    STOCKTON MORTGAGE CORPORATION 1 3.50% $4,846
    BROKER SOLUTIONS, INC. 1 2.75% $5,733
    GMFS LLC 1 2.50% $1,585
    CROSSCOUNTRY MORTGAGE, LLC 1 3.63% $8,246
    GUARANTY HOME MORTGAGE CORPORATION 1 2.75% $5,616

    The top Johnson City USDA lender as defined by loan originations is CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP, with 30 USDA loans originated. Their average total fees are $5,828, which is $1,685 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee Johnson City USDA lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($4,143), CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP ($5,828), GUARANTEED RATE, INC. ($5,880), Sierra Pacific Mortgage Company, Inc. ($6,107) and .

    The lowest rate Johnson City USDA lenders (with over 10 loans originated) are GUARANTEED RATE, INC. (2.83%), Sierra Pacific Mortgage Company, Inc. (2.98%), MOVEMENT MORTGAGE, LLC (2.99%), CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP (3.21%) and .

    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%) $276,468 (6.1%) 0.75 774
    2018-02-01 $209,925 (10.7%) $275,307 (4.2%) 0.76 739
    2018-03-01 $215,000 (13.5%) $284,484 (8.4%) 0.75 751
    2018-04-01 $219,900 (11.8%) $292,100 (8.8%) 0.75 748
    2018-05-01 $229,900 (15.5%) $298,838 (10.3%) 0.77 754
    2018-06-01 $229,900 (15.6%) $296,765 (10.5%) 0.77 820
    2018-07-01 $222,446 (11.8%) $292,512 (8.6%) 0.74 841
    2018-08-01 $220,950 (10.6%) $290,366 (8.7%) 0.74 856
    2018-09-01 $219,900 (10.0%) $287,162 (6.8%) 0.74 895
    2018-10-01 $217,996 (6.4%) $279,878 (2.0%) 0.74 896
    2018-11-01 $210,000 (4.7%) $275,851 (3.3%) 0.71 903
    2018-12-01 $199,950 (-2.5%) $267,636 (-2.6%) 0.69 858
    2019-01-01 $199,450 (-1.5%) $267,326 (-3.3%) 0.69 793
    2019-02-01 $189,925 (-9.5%) $264,367 (-4.0%) 0.64 790
    2019-03-01 $204,943 (-4.7%) $283,237 (-0.4%) 0.67 710
    2019-04-01 $226,500 (3.0%) $305,664 (4.6%) 0.72 622
    2019-05-01 $237,450 (3.3%) $316,443 (5.9%) 0.74 637
    2019-06-01 $239,900 (4.4%) $322,192 (8.6%) 0.75 633
    2019-07-01 $239,900 (7.9%) $319,158 (9.1%) 0.75 658
    2019-08-01 $239,791 (8.5%) $315,662 (8.7%) 0.76 670
    2019-09-01 $239,627 (9.0%) $316,014 (10.1%) 0.77 677
    2019-10-01 $242,218 (11.1%) $318,401 (13.8%) 0.78 676
    2019-11-01 $239,700 (14.1%) $319,638 (15.9%) 0.79 646
    2019-12-01 $236,325 (18.2%) $317,630 (18.7%) 0.79 593
    2020-01-01 $243,187 (21.9%) $323,857 (21.2%) 0.81 538
    2020-02-01 $249,900 (31.6%) $331,962 (25.6%) 0.82 496
    2020-03-01 $250,998 (22.5%) $338,783 (19.6%) 0.79 459
    2020-04-01 $264,450 (16.8%) $340,894 (11.5%) 0.83 415
    2020-05-01 $279,500 (17.7%) $351,055 (10.9%) 0.85 386
    2020-06-01 $270,800 (12.9%) $350,820 (8.9%) 0.80 357
    2020-07-01 $269,450 (12.3%) $371,688 (16.5%) 0.78 343
    2020-08-01 $285,000 (18.9%) $398,524 (26.3%) 0.82 329
    2020-09-01 $289,450 (20.8%) $410,747 (30.0%) 0.83 318
    2020-10-01 $284,450 (17.4%) $401,494 (26.1%) 0.82 334
    2020-11-01 $274,950 (14.7%) $410,025 (28.3%) 0.80 297
    2020-12-01 $279,700 (18.4%) $407,402 (28.3%) 0.83 284
    2021-01-01 $276,700 (13.8%) $403,925 (24.7%) 0.83 234
    2021-02-01 $274,500 (9.8%) $424,727 (27.9%) 0.80 177
    2021-03-01 $299,900 (19.5%) $475,765 (40.4%) 0.85 159
    2021-04-01 $313,425 (18.5%) $477,957 (40.2%) 0.85 168
    2021-05-01 $309,900 (10.9%) $472,895 (34.7%) 0.82 179
    2021-06-01 $299,663 (10.7%) $423,730 (20.8%) 0.79 205
    2021-07-01 $275,000 (2.1%) $414,328 (11.5%) 0.72 207
    2021-08-01 $299,450 (5.1%) $458,423 (15.0%) 0.80 251
    2021-09-01 $299,900 (3.6%) $473,067 (15.2%) 0.80 248
    2021-10-01 $305,000 (7.2%) $444,071 (10.6%) 0.81 287
    2021-11-01 $310,000 (12.8%) $466,462 (13.8%) 0.83 238
    2021-12-01 $310,000 (10.8%) $482,914 (18.5%) 0.84 196
    2022-01-01 $322,400 (16.5%) $494,726 (22.5%) 0.87 147
    2022-02-01 $369,925 (34.8%) $536,960 (26.4%) 0.96 123
    2022-03-01 $344,700 (14.9%) $497,603 (4.6%) 0.86 145
    2022-04-01 $350,000 (11.7%) $515,962 (8.0%) 0.84 155
    2022-05-01 $350,000 (12.9%) $490,735 (3.8%) 0.80 191
    2022-06-01 $349,950 (16.8%) $484,348 (14.3%) 0.78 217
    2022-07-01 $359,950 (30.9%) $486,742 (17.5%) 0.81 273
    2022-08-01 $382,000 (27.6%) $556,795 (21.5%) 0.88 279
    2022-09-01 $379,350 (26.5%) $538,017 (13.7%) 0.89 283
    2022-10-01 $379,950 (24.6%) $520,513 (17.2%) 0.89 320
    2022-11-01 $362,450 (16.9%) $496,404 (6.4%) 0.87 332
    Johnson City's median listing price for 2022-11-01 was $362,450, a difference of $52,450 (16.9%) versus the prior year and $-17,500 versus the prior month.

    Johnson City's median listing price comes in at 87% of the national average.

    Johnson City's average listing price for 2022-11-01 was $496,404, a difference of $29,942 (6.4%) versus the prior year and $-24,109 versus the prior month.

    For the 2022-11-01 period, Johnson City had 332 MLS listings, a difference of 12 listings (4%) versus the prior month and 94 listings (39%) 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
    2018-01-01 100 days 2,008 sqft
    2018-02-01 97 days 1,995 sqft
    2018-03-01 77 days 1,998 sqft
    2018-04-01 70 days 2,022 sqft
    2018-05-01 68 days 2,064 sqft
    2018-06-01 61 days 2,110 sqft
    2018-07-01 66 days 2,114 sqft
    2018-08-01 72 days 2,050 sqft
    2018-09-01 73 days 2,049 sqft
    2018-10-01 79 days 2,036 sqft
    2018-11-01 81 days 1,932 sqft
    2018-12-01 94 days 1,943 sqft
    2019-01-01 101 days 1,836 sqft
    2019-02-01 101 days 1,845 sqft
    2019-03-01 86 days 1,965 sqft
    2019-04-01 64 days 2,085 sqft
    2019-05-01 55 days 2,121 sqft
    2019-06-01 61 days 2,127 sqft
    2019-07-01 65 days 2,128 sqft
    2019-08-01 64 days 2,110 sqft
    2019-09-01 65 days 2,098 sqft
    2019-10-01 67 days 2,101 sqft
    2019-11-01 73 days 2,137 sqft
    2019-12-01 84 days 2,100 sqft
    2020-01-01 99 days 2,115 sqft
    2020-02-01 97 days 2,053 sqft
    2020-03-01 66 days 2,020 sqft
    2020-04-01 63 days 2,032 sqft
    2020-05-01 72 days 2,030 sqft
    2020-06-01 58 days 1,970 sqft
    2020-07-01 50 days 1,961 sqft
    2020-08-01 45 days 2,026 sqft
    2020-09-01 46 days 2,029 sqft
    2020-10-01 46 days 2,013 sqft
    2020-11-01 52 days 2,042 sqft
    2020-12-01 57 days 1,986 sqft
    2021-01-01 64 days 1,934 sqft
    2021-02-01 48 days 1,908 sqft
    2021-03-01 31 days 2,105 sqft
    2021-04-01 28 days 2,132 sqft
    2021-05-01 21 days 2,104 sqft
    2021-06-01 24 days 2,000 sqft
    2021-07-01 24 days 1,864 sqft
    2021-08-01 25 days 1,927 sqft
    2021-09-01 31 days 1,930 sqft
    2021-10-01 30 days 1,834 sqft
    2021-11-01 46 days 1,810 sqft
    2021-12-01 58 days 1,856 sqft
    2022-01-01 61 days 1,798 sqft
    2022-02-01 37 days 1,902 sqft
    2022-03-01 25 days 1,838 sqft
    2022-04-01 22 days 1,865 sqft
    2022-05-01 24 days 1,896 sqft
    2022-06-01 29 days 1,851 sqft
    2022-07-01 24 days 1,920 sqft
    2022-08-01 37 days 1,968 sqft
    2022-09-01 42 days 1,962 sqft
    2022-10-01 49 days 1,969 sqft
    2022-11-01 48 days 1,961 sqft
    Johnson City's median listing age (time on market) for 2022-11-01 was 48 days. This is 6% longer than the same period one year ago.

    Johnson City's median square footage for active listings during the 2022-11-01 period was 1,961 sqft. One year prior, the average listing was 1,810 sqft.