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 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.