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 30 lenders originated 54 USDA loans during 2023. The total origination value was $9,930,000, with an average USDA loan value of $183,889.

Kingsport USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Kingsport averaged -0.08% for the week of 2024-06-21, compared to the national average (all USDA variants) of 0% for the same period.

Kingsport's average USDA mortgage closing costs are $4,723.

The average rate for the prior week (2024-06-14) was 6.8% and one month ago for the week of 2024-05-17, the average rate was 6.84%.

The average rate one year ago was 6.62%.

For refis of the same type during the week of 2024-06-21, the average rate was 0.12%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CARDINAL FINANCIAL 6 6.60% $10,862
GVC MORTGAGE, INC. 6 7.02% $8,271
ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.58% $5,337
MOVEMENT MORTGAGE, LLC 4 6.78% $7,449
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.29% $6,368
CMG MORTGAGE, INC. 2 6.94% $9,232
UNITED WHOLESALE MORTGAGE, LLC 2 5.99% $6,974
FIRST COMMUNITY MORTGAGE, INC. 2 5.69% $7,033
HOMESIDE FINANCIAL, LLC 1 7.75% $8,438
LEADERONE FINANCIAL CORPORATION 1 6.13% $7,217
LIBERTY HOME MORTGAGE CORPORATION 1 7.25% $1,866
MORTGAGE INVESTORS GROUP, INC. 1 6.25% $3,782
Mortgage Research Center, LLC 1 6.75% $1,343
Paramount Residential Mortgage Group, Inc. 1 5.75% $5,343
PLANET HOME LENDING, LLC 1 6.75% $9,759
Regions Bank 1 6.13% $5,023
Renasant Bank 1 6.38% $5,348
SECURITYNATIONAL MORTGAGE COMPANY 1 6.88% $9,029
Sierra Pacific Mortgage Company, Inc. 1 6.63% $7,701
Truist 1 5.63% $5,874
UNION HOME MORTGAGE CORP. 1 6.13% $8,878
AMERICAN FINANCIAL NETWORK, INC. 1 7.75% $2,520
VAN DYK MORTGAGE CORPORATION 1 7.00% $2,303
AMERICAN FINANCIAL RESOURCES, INC. 1 6.63% $7,743
Atlantic Union Bank 1 6.63% $6,413
Blue Ridge Bank 1 6.50% $4,060
CROSSCOUNTRY MORTGAGE, LLC 1 7.25% $8,226
EASTMAN 1 6.13% $3,397
GENEVA FINANCIAL, LLC 1 7.13% $11,602
George Mason Mortgage, LLC 1 5.63% $8,835

The top Kingsport USDA lender as defined by loan originations is CARDINAL FINANCIAL, with 6 USDA loans originated. Their average total fees are $10,862, which is $2,591 higher than the next largest lender, GVC MORTGAGE, INC..

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

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