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 23 lenders originated 55 USDA loans during 2024. The total origination value was $10,795,000, with an average USDA loan value of $196,273.

Kingsport USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Kingsport averaged 0.41% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Kingsport's average USDA mortgage closing costs are $4,870.

The average rate for the prior week (2025-06-13) was 6.61% and one month ago for the week of 2025-05-16, the average rate was 6.78%.

The average rate one year ago was 7.1%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.03%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 6 6.09% $7,404
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 6.73% $4,198
UNION HOME MORTGAGE CORP. 5 6.35% $7,786
GVC MORTGAGE, INC. 5 6.35% $8,449
MOVEMENT MORTGAGE, LLC 4 7.00% $6,707
MORTGAGE INVESTORS GROUP, INC. 3 6.67% $7,016
AMERICAN FINANCIAL RESOURCES, INC. 2 6.50% $8,486
CARDINAL FINANCIAL 2 7.19% $5,725
Century Mortgage Company DBA Century Lending Company 2 6.44% $6,270
CMG MORTGAGE, INC. 2 6.75% $7,971
FIRST COMMUNITY MORTGAGE, INC. 2 6.44% $6,131
LEADERONE FINANCIAL CORPORATION 2 6.44% $9,861
STOCKTON MORTGAGE CORPORATION 2 3.13% $7,179
CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $6,102
Loan Simple, Inc. 1 7.13% $9,594
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.75% $5,856
EVERETT FINANCIAL, INC. 1 5.88% $4,149
PLANET HOME LENDING, LLC 1 5.99% $3,525
SECURITYNATIONAL MORTGAGE COMPANY 1 7.13% $16,232
Bank of Tennessee 1 6.00% $8,422
T2 FINANCIAL LLC 1 6.38% $10,307
GUARANTEED RATE, INC. 1 6.13% $7,467
FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 6.88% $6,021

The top Kingsport USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 6 USDA loans originated. Their average total fees are $7,404, which is $3,206 higher than the next largest lender, ARK-LA-TEX FINANCIAL SERVICES, LLC..

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

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