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 32 lenders originated 93 USDA loans during 2022. The total origination value was $16,425,000, with an average USDA loan value of $176,613.

Kingsport USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Kingsport averaged 6.33% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Kingsport's average USDA mortgage closing costs are $4,563.

The average rate for the prior week (2024-02-23) was 6.68% and one month ago for the week of 2024-01-26, the average rate was 6.24%.

The average rate one year ago was 6.5%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.56%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 5.08% $3,535
CALIBER HOME LOANS, INC. 9 3.69% $5,921
CARDINAL FINANCIAL 6 5.13% $6,559
GUARANTEED RATE, INC. 6 4.48% $6,795
MORTGAGE INVESTORS GROUP, INC. 5 5.13% $4,624
MOVEMENT MORTGAGE, LLC 5 4.90% $6,364
HANCOCK MORTGAGE PARTNERS, LLC 5 5.60% $8,214
UNITED WHOLESALE MORTGAGE, LLC 4 4.24% $8,301
Sierra Pacific Mortgage Company, Inc. 3 6.46% $7,530
CROSSCOUNTRY MORTGAGE, LLC 2 4.63% $5,259
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 5.50% $3,820
FIRST COMMUNITY MORTGAGE, INC. 2 4.19% $5,860
Gateway First Bank 2 4.13% $4,620
LOANDEPOT.COM, LLC 2 3.94% $5,571
BROKER SOLUTIONS, INC. 2 4.69% $5,362
Atlantic Union Bank 2 4.88% $5,403
PLANET HOME LENDING, LLC 2 4.94% $9,047
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 4.06% $6,213
SUCCESS MORTGAGE PARTNERS, INC. 2 4.06% $4,965
SECURITYNATIONAL MORTGAGE COMPANY 1 5.63% $8,044
EASTMAN 1 5.13% $4,773
STOCKTON MORTGAGE CORPORATION 1 7.25% $5,125
NATIONS DIRECT MORTGAGE, LLC 1 4.13% $15,490
EVERETT FINANCIAL, INC. 1 3.75% $3,539
PENNYMAC LOAN SERVICES, LLC 1 3.13% $4,411
AMERICAN FINANCIAL RESOURCES, INC. 1 4.25% $7,985
UNION HOME MORTGAGE CORP. 1 5.38% $6,890
GMFS LLC 1 5.25% $8,043
CRESCENT MORTGAGE COMPANY 1 5.38% $5,368
Citizens Bank 1 3.50% $3,158
HOME POINT FINANCIAL CORPORATION 1 2.75% $7,087
INTERLINC MORTGAGE SERVICES, LLC 1 3.50% $1,100

The top Kingsport USDA lender as defined by loan originations is ARK-LA-TEX FINANCIAL SERVICES, LLC., with 14 USDA loans originated. Their average total fees are $3,535, which is $2,386 lower than the next largest lender, CALIBER HOME LOANS, INC..

The lowest fee Kingsport USDA lenders (with over 10 loans originated) are ARK-LA-TEX FINANCIAL SERVICES, LLC. ($3,535), .

The lowest rate Kingsport USDA lenders (with over 10 loans originated) are ARK-LA-TEX FINANCIAL SERVICES, LLC. (5.08%), .


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
Kingsport's median listing price for 2024-01-01 was $302,500, a difference of $-17,500 (-5.5%) versus the prior year and $-16,500 versus the prior month.

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

Kingsport's average listing price for 2024-01-01 was $426,681, a difference of $-2,630 (-0.6%) versus the prior year and $-4,756 versus the prior month.

For the 2024-01-01 period, Kingsport had 525 MLS listings, a difference of -59 listings (-10%) versus the prior month and 122 listings (30%) 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
Kingsport's median listing age (time on market) for 2024-01-01 was 71 days. This is 9% longer than the same period one year ago.

Kingsport's median square footage for active listings during the 2024-01-01 period was 1,890 sqft. One year prior, the average listing was 1,905 sqft.