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%.

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.