Lawrenceburg USDA Loan Rates, Closing Costs & Stats

Lawrenceburg, 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.

    Lawrenceburg's 13 lenders originated 28 USDA loans during 2023. The total origination value was $5,780,000, with an average USDA loan value of $206,429.

    Lawrenceburg USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lawrenceburg averaged 6.69% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Lawrenceburg's average USDA mortgage closing costs are $5,115.

    The average rate for the prior week (2024-04-12) was 6.54% and one month ago for the week of 2024-03-15, the average rate was 6.32%.

    The average rate one year ago was 6.16%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

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

    Lawrenceburg 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 Lawrenceburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.45% $9,515
    HOMESIDE FINANCIAL, LLC 3 6.50% $9,258
    UNITED WHOLESALE MORTGAGE, LLC 3 6.04% $7,965
    CapStar Bank 2 6.00% $5,621
    MID AMERICA MORTGAGE, INC. 2 7.19% $6,489
    MORTGAGE INVESTORS GROUP, INC. 2 5.94% $6,677
    KELLEY MORTGAGE, LLC 1 6.75% $3,318
    SeaTrust Mortgage Company 1 7.00% $6,019
    CROSSCOUNTRY MORTGAGE, LLC 1 6.25% $11,320
    PLANET HOME LENDING, LLC 1 5.88% $6,612
    Renasant Bank 1 7.00% $6,401
    FIRST COMMUNITY MORTGAGE, INC. 1 6.00% $5,068
    FirstBank 1 7.25% $8,018

    The top Lawrenceburg USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 5 USDA loans originated. Their average total fees are $9,515, which is $257 higher than the next largest lender, HOMESIDE FINANCIAL, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lawrenceburg (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 $169,900 (21.4%) $221,637 (10.2%) 0.00 108
    2018-02-01 $165,475 (15.2%) $213,378 (7.0%) 0.00 116
    2018-03-01 $168,500 (16.3%) $219,198 (10.0%) 0.00 114
    2018-04-01 $174,900 (17.4%) $238,578 (18.0%) 0.00 107
    2018-05-01 $177,675 (10.0%) $238,035 (11.5%) 0.00 113
    2018-06-01 $179,900 (20.0%) $239,190 (13.6%) 0.00 113
    2018-07-01 $184,900 (15.6%) $236,504 (18.1%) 0.00 117
    2018-08-01 $170,425 (-1.1%) $222,943 (4.7%) 0.00 123
    2018-09-01 $186,000 (3.6%) $229,494 (9.1%) 0.00 127
    2018-10-01 $172,825 (-3.9%) $242,658 (5.0%) 0.00 139
    2018-11-01 $167,875 (-6.7%) $245,114 (6.7%) 0.00 139
    2018-12-01 $184,900 (5.7%) $254,582 (12.8%) 0.00 128
    2019-01-01 $195,700 (15.2%) $259,477 (17.1%) 0.00 109
    2019-02-01 $185,975 (12.4%) $255,726 (19.9%) 0.00 103
    2019-03-01 $188,243 (11.7%) $260,135 (18.7%) 0.00 103
    2019-04-01 $193,450 (10.6%) $254,924 (6.9%) 0.00 104
    2019-05-01 $233,750 (31.6%) $294,801 (23.9%) 0.00 100
    2019-06-01 $235,000 (30.6%) $294,066 (22.9%) 0.00 114
    2019-07-01 $231,225 (25.1%) $284,766 (20.4%) 0.00 123
    2019-08-01 $230,359 (35.2%) $285,097 (27.9%) 0.00 125
    2019-09-01 $224,223 (20.6%) $281,348 (22.6%) 0.00 130
    2019-10-01 $218,725 (26.6%) $277,850 (14.5%) 0.00 138
    2019-11-01 $215,000 (28.1%) $265,003 (8.1%) 0.00 142
    2019-12-01 $217,450 (17.6%) $267,354 (5.0%) 0.00 134
    2020-01-01 $219,450 (12.1%) $269,590 (3.9%) 0.00 125
    2020-02-01 $222,450 (19.6%) $277,073 (8.4%) 0.00 119
    2020-03-01 $234,925 (24.8%) $284,975 (9.6%) 0.00 113
    2020-04-01 $225,161 (16.4%) $279,046 (9.5%) 0.00 106
    2020-05-01 $216,000 (-7.6%) $289,979 (-1.6%) 0.00 104
    2020-06-01 $222,175 (-5.5%) $304,627 (3.6%) 0.00 93
    2020-07-01 $232,350 (0.5%) $302,352 (6.2%) 0.00 90
    2020-08-01 $235,000 (2.0%) $328,189 (15.1%) 0.00 71
    2020-09-01 $237,450 (5.9%) $315,472 (12.1%) 0.00 69
    2020-10-01 $230,950 (5.6%) $316,379 (13.9%) 0.00 71
    2020-11-01 $236,000 (9.8%) $318,444 (20.2%) 0.00 77
    2020-12-01 $230,850 (6.2%) $312,985 (17.1%) 0.00 72
    2021-01-01 $239,900 (9.3%) $331,577 (23.0%) 0.00 65
    2021-02-01 $244,900 (10.1%) $340,176 (22.8%) 0.00 51
    2021-03-01 $249,225 (6.1%) $356,459 (25.1%) 0.00 47
    2021-04-01 $254,500 (13.0%) $365,316 (30.9%) 0.00 48
    2021-05-01 $294,000 (36.1%) $400,070 (38.0%) 0.00 43
    2021-06-01 $263,700 (18.7%) $389,944 (28.0%) 0.00 47
    2021-07-01 $299,000 (28.7%) $389,214 (28.7%) 0.00 70
    2021-08-01 $294,675 (25.4%) $390,947 (19.1%) 0.00 89
    2021-09-01 $270,850 (14.1%) $332,644 (5.4%) 0.00 94
    2021-10-01 $269,000 (16.5%) $331,738 (4.9%) 0.00 98
    2021-11-01 $279,475 (18.4%) $356,375 (11.9%) 0.00 95
    2021-12-01 $280,000 (21.3%) $368,874 (17.9%) 0.00 89
    2022-01-01 $274,900 (14.6%) $341,931 (3.1%) 0.00 75
    2022-02-01 $279,900 (14.3%) $347,708 (2.2%) 0.00 52
    2022-03-01 $327,000 (31.2%) $476,903 (33.8%) 0.00 54
    2022-04-01 $307,000 (20.6%) $479,753 (31.3%) 0.00 70
    2022-05-01 $339,950 (15.6%) $467,348 (16.8%) 0.00 83
    2022-06-01 $345,975 (31.2%) $460,902 (18.2%) 0.00 95
    2022-07-01 $342,450 (14.5%) $428,391 (10.1%) 0.00 112
    2022-08-01 $324,450 (10.1%) $435,295 (11.3%) 0.00 115
    2022-09-01 $320,950 (18.5%) $412,567 (24.0%) 0.00 126
    2022-10-01 $327,450 (21.7%) $402,908 (21.5%) 0.00 139
    2022-11-01 $345,817 (23.7%) $415,511 (16.6%) 0.00 144
    2022-12-01 $335,000 (19.6%) $410,606 (11.3%) 0.00 141
    2023-01-01 $331,225 (20.5%) $401,024 (17.3%) 0.00 137
    2023-02-01 $339,700 (21.4%) $407,713 (17.3%) 0.00 122
    2023-03-01 $349,800 (7.0%) $413,403 (-13.3%) 0.00 104
    2023-04-01 $341,250 (11.2%) $411,087 (-14.3%) 0.00 92
    2023-05-01 $337,500 (-0.7%) $431,574 (-7.7%) 0.00 84
    2023-06-01 $349,950 (1.2%) $438,517 (-4.9%) 0.00 85
    2023-07-01 $342,450 (0.0%) $438,619 (2.4%) 0.00 103
    2023-08-01 $372,375 (14.8%) $458,816 (5.4%) 0.00 121
    2023-09-01 $361,000 (12.5%) $439,932 (6.6%) 0.00 116
    2023-10-01 $350,000 (6.9%) $413,118 (2.5%) 0.00 118
    2023-11-01 $348,000 (0.6%) $399,001 (-4.0%) 0.00 128
    2023-12-01 $349,450 (4.3%) $409,646 (-0.2%) 0.00 127
    2024-01-01 $347,000 (4.8%) $401,462 (0.1%) 0.00 125
    2024-02-01 $359,000 (5.7%) $397,012 (-2.6%) 0.00 120
    2024-03-01 $359,999 (2.9%) $397,008 (-4.0%) 0.00 128
    Lawrenceburg's median listing price for 2024-03-01 was $359,999, a difference of $10,199 (2.9%) versus the prior year and $999 versus the prior month.

    Lawrenceburg's median listing price comes in at 0% of the national average.

    Lawrenceburg's average listing price for 2024-03-01 was $397,008, a difference of $-16,395 (-4.0%) versus the prior year and $-4 versus the prior month.

    For the 2024-03-01 period, Lawrenceburg had 128 MLS listings, a difference of 8 listings (7%) versus the prior month and 24 listings (23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lawrenceburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,904 sqft
    2018-02-01 0 days 1,817 sqft
    2018-03-01 0 days 1,828 sqft
    2018-04-01 0 days 1,841 sqft
    2018-05-01 0 days 1,837 sqft
    2018-06-01 0 days 1,850 sqft
    2018-07-01 0 days 1,882 sqft
    2018-08-01 0 days 1,803 sqft
    2018-09-01 0 days 1,812 sqft
    2018-10-01 0 days 1,792 sqft
    2018-11-01 0 days 1,795 sqft
    2018-12-01 0 days 1,824 sqft
    2019-01-01 0 days 1,873 sqft
    2019-02-01 0 days 1,835 sqft
    2019-03-01 0 days 1,902 sqft
    2019-04-01 0 days 1,917 sqft
    2019-05-01 0 days 2,044 sqft
    2019-06-01 0 days 2,139 sqft
    2019-07-01 0 days 1,944 sqft
    2019-08-01 0 days 1,926 sqft
    2019-09-01 0 days 1,932 sqft
    2019-10-01 0 days 1,929 sqft
    2019-11-01 0 days 1,836 sqft
    2019-12-01 0 days 1,855 sqft
    2020-01-01 0 days 1,887 sqft
    2020-02-01 0 days 1,913 sqft
    2020-03-01 0 days 1,938 sqft
    2020-04-01 0 days 1,874 sqft
    2020-05-01 0 days 1,825 sqft
    2020-06-01 0 days 1,770 sqft
    2020-07-01 0 days 1,743 sqft
    2020-08-01 0 days 1,770 sqft
    2020-09-01 0 days 1,809 sqft
    2020-10-01 0 days 1,731 sqft
    2020-11-01 0 days 1,659 sqft
    2020-12-01 0 days 1,629 sqft
    2021-01-01 0 days 1,750 sqft
    2021-02-01 0 days 1,691 sqft
    2021-03-01 0 days 1,796 sqft
    2021-04-01 0 days 1,749 sqft
    2021-05-01 0 days 1,942 sqft
    2021-06-01 0 days 1,822 sqft
    2021-07-01 0 days 1,880 sqft
    2021-08-01 0 days 1,867 sqft
    2021-09-01 0 days 1,760 sqft
    2021-10-01 0 days 1,776 sqft
    2021-11-01 0 days 1,932 sqft
    2021-12-01 0 days 1,921 sqft
    2022-01-01 0 days 1,861 sqft
    2022-02-01 0 days 1,888 sqft
    2022-03-01 0 days 1,965 sqft
    2022-04-01 0 days 1,904 sqft
    2022-05-01 0 days 1,961 sqft
    2022-06-01 0 days 1,933 sqft
    2022-07-01 0 days 1,784 sqft
    2022-08-01 0 days 1,817 sqft
    2022-09-01 0 days 1,800 sqft
    2022-10-01 0 days 1,838 sqft
    2022-11-01 0 days 1,897 sqft
    2022-12-01 0 days 1,891 sqft
    2023-01-01 0 days 1,859 sqft
    2023-02-01 0 days 1,837 sqft
    2023-03-01 0 days 1,833 sqft
    2023-04-01 0 days 1,726 sqft
    2023-05-01 0 days 1,833 sqft
    2023-06-01 0 days 1,743 sqft
    2023-07-01 0 days 1,682 sqft
    2023-08-01 0 days 1,716 sqft
    2023-09-01 0 days 1,633 sqft
    2023-10-01 0 days 1,723 sqft
    2023-11-01 0 days 1,725 sqft
    2023-12-01 0 days 1,718 sqft
    2024-01-01 0 days 1,668 sqft
    2024-02-01 0 days 1,697 sqft
    2024-03-01 0 days 1,672 sqft
    Lawrenceburg's median listing age (time on market) for 2024-03-01 was 0 days.

    Lawrenceburg's median square footage for active listings during the 2024-03-01 period was 1,672 sqft. One year prior, the average listing was 1,833 sqft.