Lawrenceburg USDA Loan Rates, Closing Costs & Stats

Lawrenceburg, TN

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 6.01% for the week of 2024-10-11, compared to the national average (all USDA variants) of 6.08% for the same period.

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

The average rate for the prior week (2024-10-04) was 5.8% and one month ago for the week of 2024-09-06, the average rate was 5.69%.

The average rate one year ago was 6.98%.

For refis of the same type during the week of 2024-10-11, the average rate was 6.18%.

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
2024-04-01 $354,450 (3.9%) $388,408 (-5.5%) 0.00 131
2024-05-01 $349,000 (3.4%) $395,182 (-8.4%) 0.00 145
2024-06-01 $347,000 (-0.8%) $379,231 (-13.5%) 0.00 154
2024-07-01 $339,900 (-0.7%) $390,292 (-11.0%) 0.00 164
2024-08-01 $339,000 (-9.0%) $385,589 (-16.0%) 0.00 176
2024-09-01 $339,675 (-5.9%) $387,199 (-12.0%) 0.00 182
Lawrenceburg's median listing price for 2024-09-01 was $339,675, a difference of $-21,325 (-5.9%) versus the prior year and $675 versus the prior month.

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

Lawrenceburg's average listing price for 2024-09-01 was $387,199, a difference of $-52,733 (-12.0%) versus the prior year and $1,610 versus the prior month.

For the 2024-09-01 period, Lawrenceburg had 182 MLS listings, a difference of 6 listings (3%) versus the prior month and 66 listings (57%) 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
2024-04-01 0 days 1,714 sqft
2024-05-01 0 days 1,714 sqft
2024-06-01 0 days 1,727 sqft
2024-07-01 0 days 1,727 sqft
2024-08-01 0 days 1,701 sqft
2024-09-01 0 days 1,702 sqft
Lawrenceburg's median listing age (time on market) for 2024-09-01 was 0 days.

Lawrenceburg's median square footage for active listings during the 2024-09-01 period was 1,702 sqft. One year prior, the average listing was 1,633 sqft.