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
7%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Johnson City's average USDA mortgage closing costs are $5,134.
The average rate for the prior week (2024-04-12) was
6.55% and
one month ago for the week of 2024-03-15, the
average rate was 6.63%.
The average rate one year ago was 6.17%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.6%.
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 |
Johnson City's median listing price comes in at 89% of the national average.
Johnson City's average listing price for 2024-03-01 was $496,178, a difference of $-4,271 (-0.9%) versus the prior year and $14,216 versus the prior month.
For the 2024-03-01 period, Johnson City had 342 MLS listings, a difference of 17 listings (5%) versus the prior month and 99 listings (41%) 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 | 1,814 sqft |
Johnson City's median square footage for active listings during the 2024-03-01 period was 1,814 sqft. One year prior, the average listing was 2,058 sqft.