Kingsport USDA Loan Rates, Closing Costs & Stats

KINGSPORT-BRISTOL, TN-VA

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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.

    Kingsport's 30 lenders originated 54 USDA loans during 2023. The total origination value was $9,930,000, with an average USDA loan value of $183,889.

    Kingsport USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Kingsport averaged 6.78% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Kingsport's average USDA mortgage closing costs are $4,723.

    The average rate for the prior week (2024-04-12) was 6.83% and one month ago for the week of 2024-03-15, the average rate was 6.52%.

    The average rate one year ago was 6.56%.

    For refis of the same type during the week of 2024-04-19, the average rate was 7.09%.

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

    Kingsport 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 Kingsport level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CARDINAL FINANCIAL 6 6.60% $10,862
    GVC MORTGAGE, INC. 6 7.02% $8,271
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.58% $5,337
    MOVEMENT MORTGAGE, LLC 4 6.78% $7,449
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.29% $6,368
    CMG MORTGAGE, INC. 2 6.94% $9,232
    UNITED WHOLESALE MORTGAGE, LLC 2 5.99% $6,974
    FIRST COMMUNITY MORTGAGE, INC. 2 5.69% $7,033
    HOMESIDE FINANCIAL, LLC 1 7.75% $8,438
    LEADERONE FINANCIAL CORPORATION 1 6.13% $7,217
    LIBERTY HOME MORTGAGE CORPORATION 1 7.25% $1,866
    MORTGAGE INVESTORS GROUP, INC. 1 6.25% $3,782
    Mortgage Research Center, LLC 1 6.75% $1,343
    Paramount Residential Mortgage Group, Inc. 1 5.75% $5,343
    PLANET HOME LENDING, LLC 1 6.75% $9,759
    Regions Bank 1 6.13% $5,023
    Renasant Bank 1 6.38% $5,348
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.88% $9,029
    Sierra Pacific Mortgage Company, Inc. 1 6.63% $7,701
    Truist 1 5.63% $5,874
    UNION HOME MORTGAGE CORP. 1 6.13% $8,878
    AMERICAN FINANCIAL NETWORK, INC. 1 7.75% $2,520
    VAN DYK MORTGAGE CORPORATION 1 7.00% $2,303
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.63% $7,743
    Atlantic Union Bank 1 6.63% $6,413
    Blue Ridge Bank 1 6.50% $4,060
    CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $8,226
    EASTMAN 1 6.13% $3,397
    GENEVA FINANCIAL, LLC 1 7.13% $11,602
    George Mason Mortgage, LLC 1 5.63% $8,835

    The top Kingsport USDA lender as defined by loan originations is CARDINAL FINANCIAL, with 6 USDA loans originated. Their average total fees are $10,862, which is $2,591 higher than the next largest lender, GVC MORTGAGE, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kingsport (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 $159,950 (6.7%) $248,316 (13.6%) 0.59 1,413
    2018-02-01 $159,713 (5.5%) $246,131 (9.1%) 0.58 1,401
    2018-03-01 $159,900 (0.0%) $236,420 (-3.0%) 0.56 1,343
    2018-04-01 $169,250 (1.1%) $246,842 (-0.3%) 0.57 1,359
    2018-05-01 $169,700 (1.6%) $247,286 (-0.5%) 0.57 1,436
    2018-06-01 $169,900 (3.0%) $243,186 (-1.7%) 0.57 1,545
    2018-07-01 $169,900 (3.0%) $241,399 (-3.7%) 0.57 1,606
    2018-08-01 $169,900 (0.3%) $240,702 (-4.9%) 0.57 1,626
    2018-09-01 $169,900 (1.4%) $239,234 (-4.4%) 0.57 1,643
    2018-10-01 $169,700 (3.0%) $242,453 (-2.5%) 0.57 1,665
    2018-11-01 $168,500 (2.1%) $244,742 (-1.9%) 0.57 1,643
    2018-12-01 $159,900 (-0.1%) $236,483 (-4.3%) 0.55 1,527
    2019-01-01 $159,700 (-0.2%) $225,705 (-9.1%) 0.55 1,405
    2019-02-01 $159,300 (-0.3%) $226,923 (-7.8%) 0.54 1,346
    2019-03-01 $171,229 (7.1%) $245,840 (4.0%) 0.56 1,235
    2019-04-01 $188,450 (11.3%) $268,872 (8.9%) 0.60 1,124
    2019-05-01 $190,950 (12.5%) $272,852 (10.3%) 0.60 1,156
    2019-06-01 $199,900 (17.7%) $277,596 (14.2%) 0.62 1,198
    2019-07-01 $199,950 (17.7%) $277,910 (15.1%) 0.63 1,229
    2019-08-01 $199,973 (17.7%) $279,426 (16.1%) 0.63 1,238
    2019-09-01 $199,932 (17.7%) $280,343 (17.2%) 0.64 1,247
    2019-10-01 $199,450 (17.5%) $278,655 (14.9%) 0.64 1,258
    2019-11-01 $189,900 (12.7%) $270,009 (10.3%) 0.62 1,264
    2019-12-01 $190,950 (19.4%) $272,330 (15.2%) 0.64 1,179
    2020-01-01 $190,971 (19.6%) $273,204 (21.0%) 0.64 1,094
    2020-02-01 $198,500 (24.6%) $278,378 (22.7%) 0.65 968
    2020-03-01 $211,498 (23.5%) $293,099 (19.2%) 0.66 883
    2020-04-01 $211,791 (12.4%) $293,830 (9.3%) 0.66 858
    2020-05-01 $219,575 (15.0%) $301,503 (10.5%) 0.67 751
    2020-06-01 $224,500 (12.3%) $312,150 (12.5%) 0.66 700
    2020-07-01 $233,700 (16.9%) $317,206 (14.1%) 0.68 652
    2020-08-01 $230,000 (15.0%) $315,716 (13.0%) 0.66 624
    2020-09-01 $222,400 (11.2%) $307,039 (9.5%) 0.64 618
    2020-10-01 $209,943 (5.3%) $306,467 (10.0%) 0.60 599
    2020-11-01 $209,700 (10.4%) $314,664 (16.5%) 0.61 557
    2020-12-01 $199,950 (4.7%) $323,770 (18.9%) 0.59 497
    2021-01-01 $199,900 (4.7%) $335,251 (22.7%) 0.60 437
    2021-02-01 $200,000 (0.8%) $353,056 (26.8%) 0.58 336
    2021-03-01 $208,450 (-1.4%) $366,895 (25.2%) 0.59 312
    2021-04-01 $231,175 (9.2%) $374,812 (27.6%) 0.63 298
    2021-05-01 $249,900 (13.8%) $392,965 (30.3%) 0.66 305
    2021-06-01 $243,550 (8.5%) $353,416 (13.2%) 0.64 381
    2021-07-01 $239,900 (2.7%) $353,754 (11.5%) 0.63 405
    2021-08-01 $229,656 (-0.2%) $363,283 (15.1%) 0.61 438
    2021-09-01 $234,950 (5.6%) $405,972 (32.2%) 0.63 444
    2021-10-01 $259,900 (23.8%) $414,916 (35.4%) 0.69 404
    2021-11-01 $243,675 (16.2%) $384,676 (22.3%) 0.65 371
    2021-12-01 $249,900 (25.0%) $409,459 (26.5%) 0.68 323
    2022-01-01 $249,800 (25.0%) $440,932 (31.5%) 0.68 256
    2022-02-01 $254,950 (27.5%) $468,657 (32.7%) 0.66 221
    2022-03-01 $269,000 (29.1%) $475,810 (29.7%) 0.67 214
    2022-04-01 $282,450 (22.2%) $482,424 (28.7%) 0.67 226
    2022-05-01 $290,798 (16.4%) $463,487 (18.0%) 0.66 289
    2022-06-01 $277,450 (13.9%) $398,035 (12.6%) 0.62 343
    2022-07-01 $289,900 (20.8%) $417,923 (18.1%) 0.65 400
    2022-08-01 $287,450 (25.2%) $422,136 (16.2%) 0.66 426
    2022-09-01 $292,978 (24.7%) $421,425 (3.8%) 0.68 428
    2022-10-01 $289,900 (11.5%) $430,221 (3.7%) 0.68 438
    2022-11-01 $294,350 (20.8%) $415,994 (8.1%) 0.71 453
    2022-12-01 $300,000 (20.1%) $423,817 (3.5%) 0.74 442
    2023-01-01 $320,000 (28.1%) $429,311 (-2.6%) 0.79 403
    2023-02-01 $323,069 (26.7%) $435,747 (-7.0%) 0.78 382
    2023-03-01 $320,000 (19.0%) $429,468 (-9.7%) 0.75 375
    2023-04-01 $319,992 (13.3%) $427,470 (-11.4%) 0.74 363
    2023-05-01 $328,693 (13.0%) $417,061 (-10.0%) 0.75 373
    2023-06-01 $340,725 (22.8%) $429,726 (8.0%) 0.77 384
    2023-07-01 $345,000 (19.0%) $446,323 (6.8%) 0.78 406
    2023-08-01 $329,675 (14.7%) $436,826 (3.5%) 0.76 462
    2023-09-01 $325,000 (10.9%) $429,117 (1.8%) 0.76 528
    2023-10-01 $322,500 (11.3%) $437,119 (1.6%) 0.76 578
    2023-11-01 $325,000 (10.4%) $435,960 (4.8%) 0.77 618
    2023-12-01 $319,000 (6.3%) $431,437 (1.8%) 0.78 584
    2024-01-01 $302,500 (-5.5%) $426,681 (-0.6%) 0.74 525
    2024-02-01 $300,000 (-7.1%) $438,240 (0.6%) 0.72 511
    2024-03-01 $315,000 (-1.6%) $440,936 (2.7%) 0.74 505
    Kingsport's median listing price for 2024-03-01 was $315,000, a difference of $-5,000 (-1.6%) versus the prior year and $15,000 versus the prior month.

    Kingsport's median listing price comes in at 74% of the national average.

    Kingsport's average listing price for 2024-03-01 was $440,936, a difference of $11,468 (2.7%) versus the prior year and $2,696 versus the prior month.

    For the 2024-03-01 period, Kingsport had 505 MLS listings, a difference of -6 listings (-1%) versus the prior month and 130 listings (35%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kingsport (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 101 days 1,840 sqft
    2018-02-01 102 days 1,800 sqft
    2018-03-01 99 days 1,800 sqft
    2018-04-01 77 days 1,828 sqft
    2018-05-01 70 days 1,851 sqft
    2018-06-01 65 days 1,871 sqft
    2018-07-01 66 days 1,943 sqft
    2018-08-01 69 days 1,939 sqft
    2018-09-01 75 days 1,962 sqft
    2018-10-01 82 days 1,939 sqft
    2018-11-01 88 days 1,883 sqft
    2018-12-01 100 days 1,883 sqft
    2019-01-01 109 days 1,734 sqft
    2019-02-01 110 days 1,779 sqft
    2019-03-01 90 days 1,870 sqft
    2019-04-01 65 days 1,980 sqft
    2019-05-01 58 days 2,001 sqft
    2019-06-01 61 days 2,012 sqft
    2019-07-01 68 days 2,028 sqft
    2019-08-01 70 days 2,062 sqft
    2019-09-01 69 days 2,035 sqft
    2019-10-01 67 days 2,002 sqft
    2019-11-01 74 days 1,993 sqft
    2019-12-01 87 days 2,048 sqft
    2020-01-01 100 days 2,038 sqft
    2020-02-01 102 days 1,950 sqft
    2020-03-01 81 days 2,000 sqft
    2020-04-01 71 days 1,990 sqft
    2020-05-01 76 days 2,006 sqft
    2020-06-01 74 days 1,998 sqft
    2020-07-01 58 days 1,991 sqft
    2020-08-01 50 days 2,024 sqft
    2020-09-01 45 days 1,954 sqft
    2020-10-01 45 days 1,917 sqft
    2020-11-01 46 days 1,908 sqft
    2020-12-01 55 days 1,924 sqft
    2021-01-01 68 days 1,877 sqft
    2021-02-01 73 days 1,871 sqft
    2021-03-01 47 days 1,870 sqft
    2021-04-01 34 days 1,810 sqft
    2021-05-01 29 days 1,846 sqft
    2021-06-01 26 days 1,850 sqft
    2021-07-01 30 days 1,850 sqft
    2021-08-01 32 days 1,837 sqft
    2021-09-01 38 days 1,879 sqft
    2021-10-01 40 days 2,052 sqft
    2021-11-01 48 days 1,852 sqft
    2021-12-01 45 days 1,788 sqft
    2022-01-01 52 days 1,807 sqft
    2022-02-01 37 days 1,770 sqft
    2022-03-01 27 days 1,810 sqft
    2022-04-01 18 days 1,802 sqft
    2022-05-01 21 days 1,836 sqft
    2022-06-01 24 days 1,788 sqft
    2022-07-01 30 days 1,896 sqft
    2022-08-01 34 days 1,932 sqft
    2022-09-01 39 days 1,881 sqft
    2022-10-01 47 days 1,869 sqft
    2022-11-01 46 days 1,885 sqft
    2022-12-01 57 days 1,869 sqft
    2023-01-01 66 days 1,905 sqft
    2023-02-01 61 days 1,946 sqft
    2023-03-01 53 days 1,953 sqft
    2023-04-01 40 days 1,928 sqft
    2023-05-01 37 days 2,012 sqft
    2023-06-01 39 days 1,990 sqft
    2023-07-01 39 days 1,926 sqft
    2023-08-01 36 days 1,924 sqft
    2023-09-01 37 days 1,910 sqft
    2023-10-01 42 days 1,927 sqft
    2023-11-01 49 days 1,948 sqft
    2023-12-01 59 days 1,925 sqft
    2024-01-01 71 days 1,890 sqft
    2024-02-01 72 days 1,869 sqft
    2024-03-01 53 days 1,860 sqft
    Kingsport's median listing age (time on market) for 2024-03-01 was 53 days. This is 0% longer than the same period one year ago.

    Kingsport's median square footage for active listings during the 2024-03-01 period was 1,860 sqft. One year prior, the average listing was 1,953 sqft.