Knoxville USDA Loan Rates, Closing Costs & Stats

KNOXVILLE, TN

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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.

    Knoxville's 41 lenders originated 157 USDA loans during 2024. The total origination value was $38,905,000, with an average USDA loan value of $247,803.

    Knoxville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Knoxville averaged 6.38% for the week of 2025-05-23, compared to the national average (all USDA variants) of 6.433% for the same period.

    Knoxville's average USDA mortgage closing costs are $5,572.

    The average rate for the prior week (2025-05-16) was 6.81% and one month ago for the week of 2025-04-18, the average rate was 6.6%.

    The average rate one year ago was 7.06%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.23%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Knoxville 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 Knoxville level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    MORTGAGE INVESTORS GROUP, INC. 22 6.26% $7,490
    Equity Prime Mortgage LLC 11 6.05% $10,238
    AMERICAN FINANCIAL NETWORK, INC. 10 6.43% $3,382
    AMERICAN FINANCIAL RESOURCES, INC. 8 6.25% $9,737
    UNION HOME MORTGAGE CORP. 8 5.97% $9,694
    UNITED WHOLESALE MORTGAGE, LLC 7 6.12% $11,253
    Gateway First Bank 7 6.73% $7,768
    STOCKTON MORTGAGE CORPORATION 7 6.45% $7,135
    FIRST COMMUNITY MORTGAGE, INC. 7 6.29% $7,431
    DHI MORTGAGE COMPANY, LTD. 7 6.30% $5,732
    NEWREZ LLC 5 6.13% $9,883
    MOVEMENT MORTGAGE, LLC 5 6.48% $9,879
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.15% $8,984
    Sierra Pacific Mortgage Company, Inc. 5 6.40% $8,562
    TOWNE MORTGAGE COMPANY 3 6.54% $6,946
    CARDINAL FINANCIAL 3 6.42% $11,752
    CMG MORTGAGE, INC. 3 6.46% $9,639
    Y-12 Federal Credit Union 2 7.44% $7,278
    BROKER SOLUTIONS, INC. 2 6.87% $11,254
    CROSSCOUNTRY MORTGAGE, LLC 2 6.75% $8,455
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.81% $8,724
    MID AMERICA MORTGAGE, INC. 2 5.63% $7,504
    Renasant Bank 2 6.44% $6,066
    Truist 2 6.13% $8,325
    GUILD MORTGAGE COMPANY 1 6.38% $10,858
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.25% $12,363
    NFM, INC. 1 5.63% $6,309
    NORTHERN MORTGAGE SERVICES, LLC 1 6.25% $4,327
    Paramount Residential Mortgage Group, Inc. 1 6.38% $12,043
    Regions Bank 1 5.50% $8,130
    Wolfe Financial, Inc 1 6.25% $6,633
    GMFS LLC 1 5.99% $6,665
    FLAT BRANCH MORTGAGE, INC. 1 5.88% $7,685
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.63% $10,664
    Carrington Mortgage Services, LLC 1 5.50% $11,301
    1ST SIGNATURE LENDING, LLC 1 6.63% $9,423
    BAYSHORE MORTGAGE FUNDING, LLC 1 6.50% $10,055
    United Community Bank 1 6.00% $7,066
    Magnolia Bank 1 6.50% $7,827
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.63% $10,012
    HOMESIDE FINANCIAL, LLC 1 6.62% $8,879

    The top Knoxville USDA lender as defined by loan originations is MORTGAGE INVESTORS GROUP, INC., with 22 USDA loans originated. Their average total fees are $7,490, which is $2,747 lower than the next largest lender, Equity Prime Mortgage LLC.

    The lowest fee Knoxville USDA lenders (with over 10 loans originated) are AMERICAN FINANCIAL NETWORK, INC. ($3,382), MORTGAGE INVESTORS GROUP, INC. ($7,490), Equity Prime Mortgage LLC ($10,238), .

    The lowest rate Knoxville USDA lenders (with over 10 loans originated) are Equity Prime Mortgage LLC (6.05%), MORTGAGE INVESTORS GROUP, INC. (6.26%), AMERICAN FINANCIAL NETWORK, INC. (6.43%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Knoxville (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 $249,900 (13.6%) $346,453 (10.4%) 0.93 3,472
    2018-02-01 $250,000 (10.8%) $351,699 (9.7%) 0.91 3,282
    2018-03-01 $264,900 (14.0%) $372,486 (13.3%) 0.93 3,243
    2018-04-01 $274,900 (10.4%) $380,424 (10.6%) 0.93 3,292
    2018-05-01 $279,600 (11.9%) $387,875 (12.0%) 0.93 3,371
    2018-06-01 $279,000 (11.6%) $388,618 (12.9%) 0.93 3,471
    2018-07-01 $271,250 (8.5%) $383,909 (11.6%) 0.91 3,675
    2018-08-01 $269,900 (8.0%) $377,511 (5.1%) 0.90 3,730
    2018-09-01 $265,000 (6.0%) $374,700 (3.9%) 0.89 3,777
    2018-10-01 $262,250 (4.9%) $374,023 (6.7%) 0.89 3,777
    2018-11-01 $260,000 (3.2%) $379,917 (9.2%) 0.88 3,608
    2018-12-01 $259,975 (4.0%) $373,580 (8.1%) 0.90 3,366
    2019-01-01 $263,449 (5.4%) $375,038 (8.3%) 0.91 3,053
    2019-02-01 $267,225 (6.9%) $379,270 (7.8%) 0.90 2,976
    2019-03-01 $278,471 (5.1%) $384,032 (3.1%) 0.91 2,954
    2019-04-01 $291,950 (6.2%) $389,403 (2.4%) 0.93 2,946
    2019-05-01 $297,225 (6.3%) $394,354 (1.7%) 0.93 2,974
    2019-06-01 $299,500 (7.4%) $396,933 (2.1%) 0.94 3,049
    2019-07-01 $299,900 (10.6%) $403,278 (5.1%) 0.94 3,035
    2019-08-01 $295,755 (9.6%) $401,406 (6.3%) 0.94 3,072
    2019-09-01 $289,536 (9.3%) $394,299 (5.2%) 0.93 3,107
    2019-10-01 $284,900 (8.6%) $389,376 (4.1%) 0.92 3,106
    2019-11-01 $284,900 (9.6%) $397,068 (4.5%) 0.93 2,992
    2019-12-01 $282,266 (8.6%) $396,003 (6.0%) 0.94 2,756
    2020-01-01 $279,950 (6.3%) $403,969 (7.7%) 0.94 2,496
    2020-02-01 $285,000 (6.7%) $412,457 (8.8%) 0.93 2,334
    2020-03-01 $299,950 (7.7%) $421,559 (9.8%) 0.94 2,203
    2020-04-01 $299,950 (2.7%) $413,176 (6.1%) 0.94 2,316
    2020-05-01 $310,000 (4.3%) $427,524 (8.4%) 0.94 2,198
    2020-06-01 $324,900 (8.5%) $445,025 (12.1%) 0.96 1,968
    2020-07-01 $329,900 (10.0%) $452,669 (12.3%) 0.96 1,755
    2020-08-01 $329,999 (11.6%) $444,950 (10.9%) 0.95 1,637
    2020-09-01 $322,950 (11.5%) $440,686 (11.8%) 0.93 1,501
    2020-10-01 $319,900 (12.3%) $441,539 (13.4%) 0.92 1,505
    2020-11-01 $310,000 (8.8%) $440,996 (11.1%) 0.91 1,537
    2020-12-01 $301,273 (6.7%) $435,457 (10.0%) 0.90 1,344
    2021-01-01 $312,423 (11.6%) $448,070 (10.9%) 0.93 1,135
    2021-02-01 $309,900 (8.7%) $457,918 (11.0%) 0.90 858
    2021-03-01 $309,945 (3.3%) $468,070 (11.0%) 0.88 744
    2021-04-01 $329,450 (9.8%) $484,842 (17.4%) 0.89 679
    2021-05-01 $339,376 (9.5%) $481,525 (12.6%) 0.90 769
    2021-06-01 $343,550 (5.7%) $481,311 (8.2%) 0.90 911
    2021-07-01 $325,000 (-1.5%) $461,970 (2.1%) 0.86 1,043
    2021-08-01 $330,831 (0.3%) $480,613 (8.0%) 0.88 1,161
    2021-09-01 $329,675 (2.1%) $483,955 (9.8%) 0.88 1,159
    2021-10-01 $325,000 (1.6%) $487,894 (10.5%) 0.87 1,171
    2021-11-01 $333,050 (7.4%) $506,391 (14.8%) 0.89 1,046
    2021-12-01 $340,000 (12.9%) $515,896 (18.5%) 0.92 869
    2022-01-01 $350,000 (12.0%) $538,574 (20.2%) 0.95 722
    2022-02-01 $375,000 (21.0%) $551,206 (20.4%) 0.98 614
    2022-03-01 $371,500 (19.9%) $544,334 (16.3%) 0.93 695
    2022-04-01 $389,900 (18.4%) $548,189 (13.1%) 0.93 788
    2022-05-01 $399,950 (17.9%) $566,696 (17.7%) 0.91 1,046
    2022-06-01 $402,500 (17.2%) $548,005 (13.9%) 0.90 1,329
    2022-07-01 $415,000 (27.7%) $539,841 (16.9%) 0.93 1,586
    2022-08-01 $413,725 (25.1%) $545,408 (13.5%) 0.96 1,654
    2022-09-01 $422,475 (28.2%) $554,424 (14.6%) 0.99 1,710
    2022-10-01 $424,900 (30.7%) $546,876 (12.1%) 1.00 1,813
    2022-11-01 $425,000 (27.6%) $544,704 (7.6%) 1.02 1,849
    2022-12-01 $429,000 (26.2%) $552,392 (7.1%) 1.06 1,588
    2023-01-01 $439,450 (25.6%) $553,371 (2.8%) 1.09 1,422
    2023-02-01 $450,000 (20.0%) $567,869 (3.0%) 1.09 1,243
    2023-03-01 $467,500 (25.8%) $580,569 (6.7%) 1.10 1,185
    2023-04-01 $479,900 (23.1%) $610,017 (11.3%) 1.12 1,128
    2023-05-01 $482,500 (20.6%) $636,233 (12.3%) 1.09 1,165
    2023-06-01 $475,000 (18.0%) $654,346 (19.4%) 1.07 1,282
    2023-07-01 $475,000 (14.5%) $657,326 (21.8%) 1.08 1,427
    2023-08-01 $477,450 (15.4%) $665,603 (22.0%) 1.10 1,540
    2023-09-01 $475,000 (12.4%) $668,599 (20.6%) 1.11 1,661
    2023-10-01 $474,500 (11.7%) $641,875 (17.4%) 1.12 1,914
    2023-11-01 $462,463 (8.8%) $636,646 (16.9%) 1.10 2,023
    2023-12-01 $459,900 (7.2%) $623,330 (12.8%) 1.12 2,019
    2024-01-01 $457,950 (4.2%) $629,753 (13.8%) 1.12 1,873
    2024-02-01 $459,950 (2.2%) $642,220 (13.1%) 1.11 1,709
    2024-03-01 $450,000 (-3.7%) $640,639 (10.4%) 1.06 1,728
    2024-04-01 $464,950 (-3.1%) $659,120 (8.1%) 1.08 1,805
    2024-05-01 $485,000 (0.5%) $669,419 (5.2%) 1.10 1,961
    2024-06-01 $469,900 (-1.1%) $648,482 (-0.9%) 1.07 2,154
    2024-07-01 $469,450 (-1.2%) $629,933 (-4.2%) 1.07 2,377
    2024-08-01 $469,900 (-1.6%) $623,650 (-6.3%) 1.09 2,510
    2024-09-01 $454,950 (-4.2%) $610,001 (-8.8%) 1.07 2,650
    2024-10-01 $452,450 (-4.7%) $606,791 (-5.5%) 1.06 2,711
    2024-11-01 $450,000 (-2.7%) $605,375 (-4.9%) 1.08 2,881
    2024-12-01 $449,450 (-2.3%) $599,619 (-3.8%) 1.12 2,675
    2025-01-01 $439,437 (-4.0%) $586,181 (-6.9%) 1.10 2,534
    2025-02-01 $445,000 (-3.3%) $595,766 (-7.2%) 1.08 2,573
    2025-03-01 $449,900 (0.0%) $607,136 (-5.2%) 1.06 2,615
    2025-04-01 $450,000 (-3.2%) $604,904 (-8.2%) 1.04 2,939
    Knoxville's median listing price for 2025-04-01 was $450,000, a difference of $-14,950 (-3.2%) versus the prior year and $100 versus the prior month.

    Knoxville's median listing price comes in at 104% of the national average.

    Knoxville's average listing price for 2025-04-01 was $604,904, a difference of $-54,216 (-8.2%) versus the prior year and $-2,232 versus the prior month.

    For the 2025-04-01 period, Knoxville had 2,939 MLS listings, a difference of 324 listings (12%) versus the prior month and 1,134 listings (63%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Knoxville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 87 days 2,188 sqft
    2018-02-01 84 days 2,188 sqft
    2018-03-01 67 days 2,254 sqft
    2018-04-01 56 days 2,288 sqft
    2018-05-01 53 days 2,306 sqft
    2018-06-01 56 days 2,303 sqft
    2018-07-01 57 days 2,306 sqft
    2018-08-01 59 days 2,274 sqft
    2018-09-01 63 days 2,252 sqft
    2018-10-01 68 days 2,254 sqft
    2018-11-01 72 days 2,264 sqft
    2018-12-01 79 days 2,231 sqft
    2019-01-01 85 days 2,219 sqft
    2019-02-01 79 days 2,206 sqft
    2019-03-01 67 days 2,249 sqft
    2019-04-01 57 days 2,316 sqft
    2019-05-01 54 days 2,348 sqft
    2019-06-01 57 days 2,374 sqft
    2019-07-01 59 days 2,390 sqft
    2019-08-01 59 days 2,363 sqft
    2019-09-01 60 days 2,307 sqft
    2019-10-01 61 days 2,274 sqft
    2019-11-01 64 days 2,236 sqft
    2019-12-01 74 days 2,211 sqft
    2020-01-01 85 days 2,200 sqft
    2020-02-01 78 days 2,200 sqft
    2020-03-01 58 days 2,246 sqft
    2020-04-01 56 days 2,271 sqft
    2020-05-01 60 days 2,286 sqft
    2020-06-01 58 days 2,303 sqft
    2020-07-01 55 days 2,319 sqft
    2020-08-01 51 days 2,250 sqft
    2020-09-01 50 days 2,225 sqft
    2020-10-01 46 days 2,200 sqft
    2020-11-01 47 days 2,127 sqft
    2020-12-01 55 days 2,077 sqft
    2021-01-01 68 days 2,083 sqft
    2021-02-01 76 days 2,049 sqft
    2021-03-01 46 days 1,995 sqft
    2021-04-01 42 days 2,057 sqft
    2021-05-01 32 days 2,056 sqft
    2021-06-01 32 days 2,085 sqft
    2021-07-01 35 days 2,007 sqft
    2021-08-01 35 days 2,003 sqft
    2021-09-01 39 days 1,997 sqft
    2021-10-01 39 days 1,991 sqft
    2021-11-01 43 days 1,992 sqft
    2021-12-01 47 days 1,980 sqft
    2022-01-01 49 days 2,000 sqft
    2022-02-01 36 days 2,003 sqft
    2022-03-01 28 days 1,988 sqft
    2022-04-01 26 days 2,030 sqft
    2022-05-01 26 days 2,070 sqft
    2022-06-01 29 days 2,113 sqft
    2022-07-01 32 days 2,139 sqft
    2022-08-01 37 days 2,102 sqft
    2022-09-01 41 days 2,121 sqft
    2022-10-01 43 days 2,150 sqft
    2022-11-01 48 days 2,164 sqft
    2022-12-01 60 days 2,174 sqft
    2023-01-01 67 days 2,193 sqft
    2023-02-01 55 days 2,218 sqft
    2023-03-01 46 days 2,220 sqft
    2023-04-01 40 days 2,221 sqft
    2023-05-01 37 days 2,248 sqft
    2023-06-01 37 days 2,234 sqft
    2023-07-01 36 days 2,227 sqft
    2023-08-01 40 days 2,228 sqft
    2023-09-01 42 days 2,200 sqft
    2023-10-01 41 days 2,216 sqft
    2023-11-01 45 days 2,201 sqft
    2023-12-01 54 days 2,169 sqft
    2024-01-01 67 days 2,148 sqft
    2024-02-01 65 days 2,119 sqft
    2024-03-01 49 days 2,078 sqft
    2024-04-01 43 days 2,108 sqft
    2024-05-01 42 days 2,150 sqft
    2024-06-01 45 days 2,143 sqft
    2024-07-01 45 days 2,150 sqft
    2024-08-01 47 days 2,153 sqft
    2024-09-01 52 days 2,138 sqft
    2024-10-01 53 days 2,125 sqft
    2024-11-01 56 days 2,094 sqft
    2024-12-01 65 days 2,065 sqft
    2025-01-01 70 days 2,027 sqft
    2025-02-01 64 days 2,030 sqft
    2025-03-01 53 days 2,060 sqft
    2025-04-01 45 days 2,052 sqft
    Knoxville's median listing age (time on market) for 2025-04-01 was 45 days. This is 5% longer than the same period one year ago.

    Knoxville's median square footage for active listings during the 2025-04-01 period was 2,052 sqft. One year prior, the average listing was 2,108 sqft.