Lewisburg USDA Loan Rates, Closing Costs & Stats

Lewisburg, 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.

    Lewisburg's 18 lenders originated 28 USDA loans during 2023. The total origination value was $7,170,000, with an average USDA loan value of $256,071.

    Lewisburg USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lewisburg averaged 6.2% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

    Lewisburg's average USDA mortgage closing costs are $5,406.

    The average rate for the prior week (2024-11-01) was 5.88% and one month ago for the week of 2024-10-04, the average rate was 5.6%.

    The average rate one year ago was 6.84%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.38%.

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

    Lewisburg 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 Lewisburg level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DHI MORTGAGE COMPANY, LTD. 4 5.21% $4,862
    FIRST COMMUNITY MORTGAGE, INC. 3 6.67% $7,455
    SeaTrust Mortgage Company 2 5.56% $11,930
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $7,098
    CMG MORTGAGE, INC. 2 5.75% $11,913
    FirstBank 1 5.63% $6,242
    FirstTrust Home Loans, Inc. 1 5.63% $9,268
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.13% $9,646
    ISERVE RESIDENTIAL LENDING, LLC 1 6.38% $12,108
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.63% $8,716
    UNION HOME MORTGAGE CORP. 1 6.63% $4,963
    United Community Bank 1 6.50% $7,542
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $12,124
    UNITED WHOLESALE MORTGAGE, LLC 1 7.00% $7,406
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 5.75% $8,122
    Bank of Tennessee 1 6.50% $7,425
    EVANSVILLE TEACHERS 1 6.13% $5,692
    EVERETT FINANCIAL, INC. 1 7.38% $9,246

    The top Lewisburg USDA lender as defined by loan originations is DHI MORTGAGE COMPANY, LTD., with 4 USDA loans originated. Their average total fees are $4,862, which is $2,593 lower than the next largest lender, FIRST COMMUNITY MORTGAGE, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lewisburg (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 $229,900 (35.6%) $278,311 (43.7%) 0.00 110
    2018-02-01 $242,045 (41.4%) $283,786 (44.0%) 0.00 108
    2018-03-01 $259,900 (42.6%) $313,517 (48.8%) 0.00 98
    2018-04-01 $259,925 (38.3%) $311,386 (41.7%) 0.00 102
    2018-05-01 $267,161 (33.7%) $311,491 (25.3%) 0.00 98
    2018-06-01 $259,500 (29.8%) $297,990 (17.6%) 0.00 102
    2018-07-01 $249,900 (1.2%) $300,168 (12.2%) 0.00 106
    2018-08-01 $243,650 (4.7%) $283,210 (10.4%) 0.00 115
    2018-09-01 $248,500 (4.6%) $285,858 (7.8%) 0.00 129
    2018-10-01 $248,900 (6.4%) $284,446 (-0.5%) 0.00 134
    2018-11-01 $239,900 (2.9%) $273,654 (-3.7%) 0.00 147
    2018-12-01 $239,900 (2.1%) $265,783 (-7.7%) 0.00 148
    2019-01-01 $228,225 (-0.7%) $263,280 (-5.4%) 0.00 144
    2019-02-01 $234,900 (-3.0%) $269,999 (-4.9%) 0.00 146
    2019-03-01 $238,357 (-8.3%) $271,631 (-13.4%) 0.00 124
    2019-04-01 $248,457 (-4.4%) $277,990 (-10.7%) 0.00 116
    2019-05-01 $259,900 (-2.7%) $292,731 (-6.0%) 0.00 116
    2019-06-01 $249,900 (-3.7%) $326,246 (9.5%) 0.00 120
    2019-07-01 $268,950 (7.6%) $355,859 (18.6%) 0.00 98
    2019-08-01 $266,927 (9.6%) $348,115 (22.9%) 0.00 104
    2019-09-01 $262,468 (5.6%) $341,316 (19.4%) 0.00 112
    2019-10-01 $262,445 (5.4%) $339,795 (19.5%) 0.00 120
    2019-11-01 $274,900 (14.6%) $332,845 (21.6%) 0.00 121
    2019-12-01 $269,675 (12.4%) $322,485 (21.3%) 0.00 130
    2020-01-01 $272,400 (19.4%) $327,657 (24.5%) 0.00 127
    2020-02-01 $267,450 (13.9%) $339,804 (25.9%) 0.00 111
    2020-03-01 $272,400 (14.3%) $343,240 (26.4%) 0.00 111
    2020-04-01 $279,400 (12.5%) $356,865 (28.4%) 0.00 102
    2020-05-01 $285,900 (10.0%) $358,583 (22.5%) 0.00 108
    2020-06-01 $288,782 (15.6%) $362,549 (11.1%) 0.00 99
    2020-07-01 $284,170 (5.7%) $380,137 (6.8%) 0.00 97
    2020-08-01 $294,900 (10.5%) $424,419 (21.9%) 0.00 77
    2020-09-01 $282,217 (7.5%) $380,209 (11.4%) 0.00 76
    2020-10-01 $276,440 (5.3%) $390,404 (14.9%) 0.00 64
    2020-11-01 $262,450 (-4.5%) $401,412 (20.6%) 0.00 79
    2020-12-01 $263,700 (-2.2%) $391,943 (21.5%) 0.00 76
    2021-01-01 $239,900 (-11.9%) $383,927 (17.2%) 0.00 74
    2021-02-01 $217,100 (-18.8%) $395,986 (16.5%) 0.00 59
    2021-03-01 $231,800 (-14.9%) $416,303 (21.3%) 0.00 47
    2021-04-01 $317,425 (13.6%) $521,948 (46.3%) 0.00 31
    2021-05-01 $250,000 (-12.6%) $426,560 (19.0%) 0.00 39
    2021-06-01 $273,200 (-5.4%) $389,881 (7.5%) 0.00 50
    2021-07-01 $280,999 (-1.1%) $379,909 (-0.1%) 0.00 61
    2021-08-01 $273,550 (-7.2%) $378,326 (-10.9%) 0.00 63
    2021-09-01 $342,138 (21.2%) $420,352 (10.6%) 0.00 40
    2021-10-01 $349,900 (26.6%) $403,876 (3.5%) 0.00 49
    2021-11-01 $312,450 (19.1%) $373,431 (-7.0%) 0.00 54
    2021-12-01 $244,900 (-7.1%) $415,935 (6.1%) 0.00 57
    2022-01-01 $254,900 (6.3%) $451,806 (17.7%) 0.00 49
    2022-02-01 $379,950 (75.0%) $512,104 (29.3%) 0.00 38
    2022-03-01 $399,900 (72.5%) $517,148 (24.2%) 0.00 36
    2022-04-01 $397,450 (25.2%) $479,520 (-8.1%) 0.00 54
    2022-05-01 $361,630 (44.7%) $456,864 (7.1%) 0.00 67
    2022-06-01 $325,000 (19.0%) $463,253 (18.8%) 0.00 120
    2022-07-01 $329,950 (17.4%) $518,492 (36.5%) 0.00 118
    2022-08-01 $353,450 (29.2%) $529,366 (39.9%) 0.00 131
    2022-09-01 $349,900 (2.3%) $534,152 (27.1%) 0.00 134
    2022-10-01 $349,900 (0.0%) $558,398 (38.3%) 0.00 139
    2022-11-01 $336,374 (7.7%) $532,700 (42.7%) 0.00 147
    2022-12-01 $331,950 (35.6%) $496,952 (19.5%) 0.00 130
    2023-01-01 $333,750 (30.9%) $484,831 (7.3%) 0.00 118
    2023-02-01 $335,427 (-11.7%) $476,235 (-7.0%) 0.00 94
    2023-03-01 $336,955 (-15.7%) $509,307 (-1.5%) 0.00 96
    2023-04-01 $344,325 (-13.4%) $504,470 (5.2%) 0.00 105
    2023-05-01 $350,745 (-3.0%) $491,280 (7.5%) 0.00 113
    2023-06-01 $399,000 (22.8%) $546,832 (18.0%) 0.00 120
    2023-07-01 $375,000 (13.7%) $579,367 (11.7%) 0.00 122
    2023-08-01 $399,950 (13.2%) $637,662 (20.5%) 0.00 110
    2023-09-01 $384,900 (10.0%) $558,817 (4.6%) 0.00 114
    2023-10-01 $377,975 (8.0%) $541,130 (-3.1%) 0.00 128
    2023-11-01 $375,425 (11.6%) $576,117 (8.2%) 0.00 142
    2023-12-01 $369,900 (11.4%) $507,143 (2.1%) 0.00 132
    2024-01-01 $367,000 (10.0%) $507,439 (4.7%) 0.00 119
    2024-02-01 $353,350 (5.3%) $510,895 (7.3%) 0.00 112
    2024-03-01 $351,700 (4.4%) $512,046 (0.5%) 0.00 116
    2024-04-01 $382,450 (11.1%) $586,975 (16.4%) 0.00 122
    2024-05-01 $397,975 (13.5%) $606,520 (23.5%) 0.00 123
    2024-06-01 $395,000 (-1.0%) $581,139 (6.3%) 0.00 134
    2024-07-01 $395,750 (5.5%) $565,109 (-2.5%) 0.00 138
    2024-08-01 $399,900 (0.0%) $549,287 (-13.9%) 0.00 138
    2024-09-01 $388,225 (0.9%) $530,199 (-5.1%) 0.00 157
    2024-10-01 $385,000 (1.9%) $543,691 (0.5%) 0.00 159
    Lewisburg's median listing price for 2024-10-01 was $385,000, a difference of $7,025 (1.9%) versus the prior year and $-3,225 versus the prior month.

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

    Lewisburg's average listing price for 2024-10-01 was $543,691, a difference of $2,561 (0.5%) versus the prior year and $13,492 versus the prior month.

    For the 2024-10-01 period, Lewisburg had 159 MLS listings, a difference of 2 listings (1%) versus the prior month and 31 listings (24%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lewisburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,917 sqft
    2018-02-01 0 days 1,919 sqft
    2018-03-01 0 days 2,013 sqft
    2018-04-01 0 days 2,015 sqft
    2018-05-01 0 days 2,028 sqft
    2018-06-01 0 days 1,900 sqft
    2018-07-01 0 days 1,935 sqft
    2018-08-01 0 days 1,842 sqft
    2018-09-01 0 days 1,839 sqft
    2018-10-01 0 days 1,837 sqft
    2018-11-01 0 days 1,782 sqft
    2018-12-01 0 days 1,800 sqft
    2019-01-01 0 days 1,800 sqft
    2019-02-01 0 days 1,812 sqft
    2019-03-01 0 days 1,783 sqft
    2019-04-01 0 days 1,766 sqft
    2019-05-01 0 days 1,780 sqft
    2019-06-01 0 days 1,761 sqft
    2019-07-01 0 days 1,846 sqft
    2019-08-01 0 days 1,881 sqft
    2019-09-01 0 days 1,896 sqft
    2019-10-01 0 days 1,909 sqft
    2019-11-01 0 days 1,909 sqft
    2019-12-01 0 days 1,899 sqft
    2020-01-01 0 days 1,901 sqft
    2020-02-01 0 days 1,898 sqft
    2020-03-01 0 days 1,911 sqft
    2020-04-01 0 days 1,900 sqft
    2020-05-01 0 days 1,872 sqft
    2020-06-01 0 days 1,851 sqft
    2020-07-01 0 days 1,808 sqft
    2020-08-01 0 days 1,893 sqft
    2020-09-01 0 days 1,818 sqft
    2020-10-01 0 days 1,600 sqft
    2020-11-01 0 days 1,660 sqft
    2020-12-01 0 days 1,733 sqft
    2021-01-01 0 days 1,640 sqft
    2021-02-01 0 days 1,453 sqft
    2021-03-01 0 days 1,609 sqft
    2021-04-01 0 days 2,001 sqft
    2021-05-01 0 days 1,499 sqft
    2021-06-01 0 days 1,445 sqft
    2021-07-01 0 days 1,620 sqft
    2021-08-01 0 days 1,628 sqft
    2021-09-01 0 days 2,000 sqft
    2021-10-01 0 days 1,875 sqft
    2021-11-01 0 days 1,576 sqft
    2021-12-01 0 days 1,478 sqft
    2022-01-01 0 days 1,428 sqft
    2022-02-01 0 days 1,956 sqft
    2022-03-01 0 days 2,042 sqft
    2022-04-01 0 days 1,946 sqft
    2022-05-01 0 days 1,866 sqft
    2022-06-01 0 days 1,636 sqft
    2022-07-01 0 days 1,636 sqft
    2022-08-01 0 days 1,629 sqft
    2022-09-01 0 days 1,673 sqft
    2022-10-01 0 days 1,663 sqft
    2022-11-01 0 days 1,635 sqft
    2022-12-01 0 days 1,696 sqft
    2023-01-01 0 days 1,716 sqft
    2023-02-01 0 days 1,745 sqft
    2023-03-01 0 days 1,740 sqft
    2023-04-01 0 days 1,732 sqft
    2023-05-01 0 days 1,720 sqft
    2023-06-01 0 days 1,799 sqft
    2023-07-01 0 days 1,800 sqft
    2023-08-01 0 days 1,836 sqft
    2023-09-01 0 days 1,800 sqft
    2023-10-01 0 days 1,706 sqft
    2023-11-01 0 days 1,712 sqft
    2023-12-01 0 days 1,621 sqft
    2024-01-01 0 days 1,700 sqft
    2024-02-01 0 days 1,609 sqft
    2024-03-01 0 days 1,560 sqft
    2024-04-01 0 days 1,684 sqft
    2024-05-01 0 days 1,738 sqft
    2024-06-01 0 days 1,718 sqft
    2024-07-01 0 days 1,669 sqft
    2024-08-01 0 days 1,635 sqft
    2024-09-01 0 days 1,619 sqft
    2024-10-01 0 days 1,607 sqft
    Lewisburg's median listing age (time on market) for 2024-10-01 was 0 days.

    Lewisburg's median square footage for active listings during the 2024-10-01 period was 1,607 sqft. One year prior, the average listing was 1,706 sqft.