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 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%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 24 3.54% $2,825
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 22 3.10% $5,598
    CALIBER HOME LOANS, INC. 14 2.73% $4,163
    MORTGAGE INVESTORS GROUP, INC. 12 2.91% $4,941
    MOVEMENT MORTGAGE, LLC 10 2.75% $5,012
    HANCOCK MORTGAGE PARTNERS, LLC 6 2.81% $5,898
    UNITED WHOLESALE MORTGAGE, LLC 6 2.85% $4,855
    CMG MORTGAGE, INC. 6 3.39% $5,167
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 3.31% $4,873
    GUARANTEED RATE, INC. 6 2.83% $5,305
    Sierra Pacific Mortgage Company, Inc. 5 3.05% $5,600
    FIRST COMMUNITY MORTGAGE, INC. 5 2.75% $4,233
    SUCCESS MORTGAGE PARTNERS, INC. 4 3.00% $4,996
    Atlantic Union Bank 4 2.91% $4,673
    EASTMAN 4 3.44% $4,021
    SECURITYNATIONAL MORTGAGE COMPANY 4 3.72% $4,801
    PLANET HOME LENDING, LLC 3 2.75% $4,927
    BROKER SOLUTIONS, INC. 3 3.37% $5,022
    INTERLINC MORTGAGE SERVICES, LLC 3 3.17% $2,187
    HOME POINT FINANCIAL CORPORATION 3 2.79% $5,614
    CROSSCOUNTRY MORTGAGE, LLC 3 3.17% $6,186
    Citizens Bank 2 3.00% $3,981
    Bank of Tennessee 2 3.38% $4,883
    Carrington Mortgage Services, LLC 2 3.81% $5,513
    AMERICAN FINANCIAL NETWORK, INC. 2 3.19% $7,672
    DHI MORTGAGE COMPANY, LTD. 2 2.69% $4,561
    Renasant Bank 2 3.49% $4,531
    STOCKTON MORTGAGE CORPORATION 2 2.88% $6,197
    Hometown Lenders, Inc. 1 3.38% $5,420
    PENNYMAC LOAN SERVICES, LLC 1 3.00% $4,416
    First Heritage Mortgage, LLC 1 3.13% $5,321
    RANLIFE, INC. 1 3.13% $6,307
    Regions Bank 1 2.75% $4,472
    Atlantic Coast Mortgage, LLC 1 2.38% $6,246
    First Guaranty Mortgage Corporation 1 2.75% $3,848
    CRESCENT MORTGAGE COMPANY 1 3.25% $5,517
    SOUTHWEST FUNDING, LP 1 3.63% $5,075
    U.S. Bank 1 3.75% $3,938
    Bank of England 1 3.38% $7,389
    Truist 1 2.75% $5,700
    UNION HOME MORTGAGE CORP. 1 3.25% $3,431
    LOANDEPOT.COM, LLC 1 3.50% $4,698
    Horizon Credit Union 1 3.00% $4,974

    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. Louis
    Date 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 for 2022-12-01 was $299,950, a difference of $50,050 (20.0%) versus the prior year and $7,275 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2022-12-01 was 59 days. This is 24% longer than the same period one year ago.

    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.