Kingsport USDA Loan Rates, Closing Costs & Stats
KINGSPORT-BRISTOL, TN-VA
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 43 lenders originated 182 USDA loans during 2021. The total origination value was $29,240,000, with an average USDA loan value of $160,659.
Kingsport USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Kingsport
averaged
6.4%
for the week of 2023-01-27, compared to the national average (all USDA variants) of
6.195% for the same period.
Kingsport's average USDA mortgage closing costs are $4,396.
The average rate for the prior week (2023-01-20) was
6.49% and
one month ago for the week of 2022-12-23, the
average rate was 6.82%.
The average rate one year ago was 4.07%.
For refis of the same type during the week of 2023-01-27, the average rate
was 5.96%.
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.
The top Kingsport USDA lender as defined by loan originations is ARK-LA-TEX FINANCIAL SERVICES, LLC., with
24 USDA loans originated. Their average total fees are
$2,825, which is $2,773
lower than the next largest lender,
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP.
The lowest fee Kingsport USDA lenders (with over 10 loans originated) are
ARK-LA-TEX FINANCIAL SERVICES, LLC. ($2,825), CALIBER HOME LOANS, INC. ($4,163), MORTGAGE INVESTORS GROUP, INC. ($4,941), MOVEMENT MORTGAGE, LLC ($5,012) and CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP ($5,598).
The lowest rate Kingsport USDA lenders (with over 10 loans originated) are
CALIBER HOME LOANS, INC. (2.73%), MOVEMENT MORTGAGE, LLC (2.75%), MORTGAGE INVESTORS GROUP, INC. (2.91%), CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP (3.10%) and ARK-LA-TEX FINANCIAL SERVICES, LLC. (3.54%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Kingsport (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $160,450 (7.0%) | $248,291 (13.5%) | 0.59 | 1,414 |
2018-02-01 | $159,788 (5.5%) | $246,098 (9.1%) | 0.58 | 1,402 |
2018-03-01 | $159,925 (0.0%) | $236,393 (-3.0%) | 0.56 | 1,344 |
2018-04-01 | $169,250 (1.1%) | $246,825 (-0.3%) | 0.57 | 1,359 |
2018-05-01 | $169,700 (1.6%) | $247,286 (-0.4%) | 0.57 | 1,436 |
2018-06-01 | $169,900 (3.0%) | $243,193 (-1.6%) | 0.57 | 1,546 |
2018-07-01 | $169,900 (3.0%) | $241,202 (-3.8%) | 0.57 | 1,607 |
2018-08-01 | $169,900 (0.3%) | $240,593 (-4.9%) | 0.57 | 1,627 |
2018-09-01 | $169,900 (1.6%) | $239,109 (-4.4%) | 0.57 | 1,645 |
2018-10-01 | $169,700 (3.0%) | $242,335 (-2.5%) | 0.57 | 1,667 |
2018-11-01 | $168,500 (1.8%) | $244,611 (-2.0%) | 0.57 | 1,645 |
2018-12-01 | $159,900 (-0.1%) | $236,353 (-4.3%) | 0.55 | 1,529 |
2019-01-01 | $159,600 (-0.5%) | $225,635 (-9.1%) | 0.55 | 1,406 |
2019-02-01 | $159,000 (-0.5%) | $226,589 (-7.9%) | 0.54 | 1,347 |
2019-03-01 | $170,679 (6.7%) | $245,237 (3.7%) | 0.56 | 1,235 |
2019-04-01 | $187,875 (11.0%) | $268,281 (8.7%) | 0.60 | 1,124 |
2019-05-01 | $191,950 (13.1%) | $272,477 (10.2%) | 0.60 | 1,159 |
2019-06-01 | $199,900 (17.7%) | $277,239 (14.0%) | 0.62 | 1,200 |
2019-07-01 | $199,950 (17.7%) | $277,586 (15.1%) | 0.63 | 1,231 |
2019-08-01 | $199,973 (17.7%) | $279,101 (16.0%) | 0.63 | 1,240 |
2019-09-01 | $199,932 (17.7%) | $280,018 (17.1%) | 0.64 | 1,249 |
2019-10-01 | $199,450 (17.5%) | $278,335 (14.9%) | 0.64 | 1,260 |
2019-11-01 | $189,900 (12.7%) | $269,711 (10.3%) | 0.62 | 1,266 |
2019-12-01 | $190,448 (19.1%) | $271,797 (15.0%) | 0.64 | 1,180 |
2020-01-01 | $190,448 (19.3%) | $272,664 (20.8%) | 0.64 | 1,095 |
2020-02-01 | $198,250 (24.7%) | $277,763 (22.6%) | 0.65 | 969 |
2020-03-01 | $211,249 (23.8%) | $292,398 (19.2%) | 0.66 | 884 |
2020-04-01 | $211,483 (12.6%) | $293,188 (9.3%) | 0.66 | 859 |
2020-05-01 | $219,575 (14.4%) | $301,243 (10.6%) | 0.67 | 753 |
2020-06-01 | $224,475 (12.3%) | $311,560 (12.4%) | 0.66 | 701 |
2020-07-01 | $234,925 (17.5%) | $317,000 (14.2%) | 0.68 | 655 |
2020-08-01 | $230,000 (15.0%) | $315,504 (13.0%) | 0.66 | 627 |
2020-09-01 | $222,400 (11.2%) | $306,867 (9.6%) | 0.64 | 621 |
2020-10-01 | $209,943 (5.3%) | $306,132 (10.0%) | 0.60 | 601 |
2020-11-01 | $209,700 (10.4%) | $314,362 (16.6%) | 0.61 | 559 |
2020-12-01 | $199,950 (5.0%) | $323,327 (19.0%) | 0.59 | 499 |
2021-01-01 | $199,900 (5.0%) | $334,680 (22.7%) | 0.60 | 439 |
2021-02-01 | $200,000 (0.9%) | $352,546 (26.9%) | 0.58 | 337 |
2021-03-01 | $206,225 (-2.4%) | $365,981 (25.2%) | 0.59 | 314 |
2021-04-01 | $231,175 (9.3%) | $373,752 (27.5%) | 0.63 | 300 |
2021-05-01 | $249,900 (13.8%) | $391,818 (30.1%) | 0.66 | 307 |
2021-06-01 | $243,575 (8.5%) | $352,967 (13.3%) | 0.64 | 383 |
2021-07-01 | $239,900 (2.1%) | $353,581 (11.5%) | 0.63 | 406 |
2021-08-01 | $230,263 (0.1%) | $363,026 (15.1%) | 0.61 | 439 |
2021-09-01 | $234,950 (5.6%) | $405,699 (32.2%) | 0.63 | 445 |
2021-10-01 | $259,900 (23.8%) | $413,925 (35.2%) | 0.69 | 406 |
2021-11-01 | $243,675 (16.2%) | $383,771 (22.1%) | 0.65 | 373 |
2021-12-01 | $249,900 (25.0%) | $408,288 (26.3%) | 0.68 | 325 |
2022-01-01 | $249,800 (25.0%) | $439,246 (31.2%) | 0.68 | 258 |
2022-02-01 | $254,950 (27.5%) | $466,419 (32.3%) | 0.66 | 223 |
2022-03-01 | $269,000 (30.4%) | $473,514 (29.4%) | 0.67 | 216 |
2022-04-01 | $279,993 (21.1%) | $480,346 (28.5%) | 0.67 | 228 |
2022-05-01 | $289,974 (16.0%) | $461,902 (17.9%) | 0.66 | 291 |
2022-06-01 | $276,475 (13.5%) | $396,990 (12.5%) | 0.62 | 345 |
2022-07-01 | $288,450 (20.2%) | $416,884 (17.9%) | 0.65 | 402 |
2022-08-01 | $287,000 (24.6%) | $421,586 (16.1%) | 0.66 | 428 |
2022-09-01 | $290,000 (23.4%) | $421,024 (3.8%) | 0.68 | 430 |
2022-10-01 | $289,900 (11.5%) | $429,213 (3.7%) | 0.68 | 440 |
2022-11-01 | $292,675 (20.1%) | $415,175 (8.2%) | 0.70 | 456 |
2022-12-01 | $299,950 (20.0%) | $415,913 (1.9%) | 0.75 | 456 |
Kingsport's median listing price comes in at 75% of the national average.
Kingsport's average listing price for 2022-12-01 was $415,913, a difference of $7,625 (1.9%) versus the prior year and $738 versus the prior month.
For the 2022-12-01 period, Kingsport had 456 MLS listings, a difference of 0 listings (0%) versus the prior month and 131 listings (40%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Kingsport (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 112 days | 1,839 sqft |
2018-02-01 | 113 days | 1,800 sqft |
2018-03-01 | 115 days | 1,800 sqft |
2018-04-01 | 91 days | 1,830 sqft |
2018-05-01 | 83 days | 1,853 sqft |
2018-06-01 | 78 days | 1,871 sqft |
2018-07-01 | 73 days | 1,931 sqft |
2018-08-01 | 79 days | 1,930 sqft |
2018-09-01 | 82 days | 1,961 sqft |
2018-10-01 | 91 days | 1,938 sqft |
2018-11-01 | 99 days | 1,882 sqft |
2018-12-01 | 113 days | 1,884 sqft |
2019-01-01 | 120 days | 1,743 sqft |
2019-02-01 | 124 days | 1,773 sqft |
2019-03-01 | 102 days | 1,870 sqft |
2019-04-01 | 72 days | 1,981 sqft |
2019-05-01 | 63 days | 2,002 sqft |
2019-06-01 | 67 days | 2,012 sqft |
2019-07-01 | 74 days | 2,032 sqft |
2019-08-01 | 75 days | 2,062 sqft |
2019-09-01 | 75 days | 2,036 sqft |
2019-10-01 | 75 days | 2,004 sqft |
2019-11-01 | 80 days | 1,996 sqft |
2019-12-01 | 91 days | 2,049 sqft |
2020-01-01 | 105 days | 2,044 sqft |
2020-02-01 | 109 days | 1,950 sqft |
2020-03-01 | 96 days | 2,003 sqft |
2020-04-01 | 80 days | 1,992 sqft |
2020-05-01 | 85 days | 2,006 sqft |
2020-06-01 | 84 days | 1,999 sqft |
2020-07-01 | 65 days | 1,993 sqft |
2020-08-01 | 58 days | 2,027 sqft |
2020-09-01 | 52 days | 1,958 sqft |
2020-10-01 | 52 days | 1,917 sqft |
2020-11-01 | 52 days | 1,908 sqft |
2020-12-01 | 59 days | 1,924 sqft |
2021-01-01 | 74 days | 1,877 sqft |
2021-02-01 | 80 days | 1,875 sqft |
2021-03-01 | 54 days | 1,870 sqft |
2021-04-01 | 38 days | 1,803 sqft |
2021-05-01 | 30 days | 1,846 sqft |
2021-06-01 | 27 days | 1,850 sqft |
2021-07-01 | 30 days | 1,851 sqft |
2021-08-01 | 33 days | 1,839 sqft |
2021-09-01 | 39 days | 1,881 sqft |
2021-10-01 | 43 days | 2,052 sqft |
2021-11-01 | 50 days | 1,852 sqft |
2021-12-01 | 48 days | 1,788 sqft |
2022-01-01 | 54 days | 1,807 sqft |
2022-02-01 | 40 days | 1,770 sqft |
2022-03-01 | 30 days | 1,810 sqft |
2022-04-01 | 20 days | 1,802 sqft |
2022-05-01 | 23 days | 1,836 sqft |
2022-06-01 | 25 days | 1,788 sqft |
2022-07-01 | 31 days | 1,891 sqft |
2022-08-01 | 35 days | 1,917 sqft |
2022-09-01 | 40 days | 1,876 sqft |
2022-10-01 | 49 days | 1,870 sqft |
2022-11-01 | 48 days | 1,885 sqft |
2022-12-01 | 59 days | 1,869 sqft |
Kingsport's median square footage for active listings during the 2022-12-01 period was 1,869 sqft. One year prior, the average listing was 1,788 sqft.