Martin USDA Loan Rates, Closing Costs & Stats

Martin, TN

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Martin's 10 lenders originated 19 USDA loans during 2024. The total origination value was $3,135,000, with an average USDA loan value of $165,000.

    Martin USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Martin averaged 6.52% for the week of 2025-04-11, compared to the national average (all USDA variants) of 6.449% for the same period.

    Martin's average USDA mortgage closing costs are $4,445.

    The average rate for the prior week (2025-04-04) was 6.68% and one month ago for the week of 2025-03-07, the average rate was 6.45%.

    The average rate one year ago was 6.6%.

    For refis of the same type during the week of 2025-04-11, the average rate was 6.65%.

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

    Martin 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 Martin level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Leaders Credit Union 3 6.83% $1,919
    FIRST COMMUNITY MORTGAGE, INC. 3 6.29% $6,949
    Legends Bank 2 6.69% $3,573
    MID AMERICA MORTGAGE, INC. 1 7.13% $7,054
    Patriot Bank 1 6.38% $6,296
    Regions Bank 1 6.75% $4,884
    EVERETT FINANCIAL, INC. 1 6.88% $7,476
    TOP FLITE FINANCIAL, INC. 1 6.63% $7,046
    First Citizens National Bank 1 6.38% $7,561
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.63% $6,921

    The top Martin USDA lender as defined by loan originations is Leaders Credit Union, with 3 USDA loans originated. Their average total fees are $1,919, which is $5,030 lower than the next largest lender, FIRST COMMUNITY MORTGAGE, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Martin (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 $121,000 (-4.2%) $139,450 (-0.3%) 0.00 135
    2018-02-01 $119,600 (-7.1%) $137,446 (-3.1%) 0.00 136
    2018-03-01 $119,900 (-4.4%) $138,134 (-1.5%) 0.00 136
    2018-04-01 $119,900 (-5.4%) $135,724 (-4.1%) 0.00 137
    2018-05-01 $128,850 (1.6%) $138,890 (-1.0%) 0.00 132
    2018-06-01 $126,900 (0.2%) $141,116 (3.2%) 0.00 134
    2018-07-01 $128,025 (5.5%) $143,516 (6.8%) 0.00 131
    2018-08-01 $135,925 (8.8%) $149,135 (6.5%) 0.00 125
    2018-09-01 $139,500 (12.1%) $156,894 (11.5%) 0.00 120
    2018-10-01 $138,000 (15.3%) $154,453 (12.3%) 0.00 112
    2018-11-01 $139,925 (17.1%) $156,642 (16.3%) 0.00 111
    2018-12-01 $139,900 (25.7%) $158,480 (19.9%) 0.00 103
    2019-01-01 $137,450 (13.6%) $161,006 (15.5%) 0.00 100
    2019-02-01 $134,995 (12.9%) $158,739 (15.5%) 0.00 103
    2019-03-01 $139,583 (16.4%) $163,382 (18.3%) 0.00 91
    2019-04-01 $139,785 (16.6%) $167,088 (23.1%) 0.00 77
    2019-05-01 $145,850 (13.2%) $171,128 (23.2%) 0.00 74
    2019-06-01 $139,500 (9.9%) $160,259 (13.6%) 0.00 77
    2019-07-01 $142,250 (11.1%) $165,360 (15.2%) 0.00 71
    2019-08-01 $147,727 (8.7%) $166,116 (11.4%) 0.00 67
    2019-09-01 $151,818 (8.8%) $167,202 (6.6%) 0.00 67
    2019-10-01 $152,045 (10.2%) $166,740 (8.0%) 0.00 67
    2019-11-01 $151,250 (8.1%) $165,011 (5.3%) 0.00 69
    2019-12-01 $129,950 (-7.1%) $163,603 (3.2%) 0.00 70
    2020-01-01 $128,450 (-6.6%) $152,075 (-5.6%) 0.00 69
    2020-02-01 $124,450 (-7.8%) $147,023 (-7.4%) 0.00 64
    2020-03-01 $128,225 (-8.1%) $156,636 (-4.1%) 0.00 66
    2020-04-01 $119,900 (-14.2%) $161,817 (-3.2%) 0.00 67
    2020-05-01 $134,900 (-7.5%) $178,616 (4.4%) 0.00 53
    2020-06-01 $157,400 (12.8%) $199,034 (24.2%) 0.00 49
    2020-07-01 $139,900 (-1.7%) $195,049 (18.0%) 0.00 46
    2020-08-01 $129,999 (-12.0%) $191,011 (15.0%) 0.00 48
    2020-09-01 $122,500 (-19.3%) $199,376 (19.2%) 0.00 52
    2020-10-01 $129,900 (-14.6%) $217,455 (30.4%) 0.00 51
    2020-11-01 $134,200 (-11.3%) $219,357 (32.9%) 0.00 45
    2020-12-01 $139,450 (7.3%) $251,323 (53.6%) 0.00 34
    2021-01-01 $199,000 (54.9%) $292,773 (92.5%) 0.00 24
    2021-02-01 $209,450 (68.3%) $326,668 (122.2%) 0.00 18
    2021-03-01 $254,600 (98.6%) $333,160 (112.7%) 0.00 16
    2021-04-01 $259,700 (116.6%) $314,111 (94.1%) 0.00 19
    2021-05-01 $249,900 (85.3%) $304,528 (70.5%) 0.00 24
    2021-06-01 $225,750 (43.4%) $326,448 (64.0%) 0.00 22
    2021-07-01 $250,000 (78.7%) $326,904 (67.6%) 0.00 24
    2021-08-01 $225,000 (73.1%) $293,517 (53.7%) 0.00 37
    2021-09-01 $225,000 (83.7%) $282,864 (41.9%) 0.00 50
    2021-10-01 $227,500 (75.1%) $288,264 (32.6%) 0.00 45
    2021-11-01 $243,750 (81.6%) $308,720 (40.7%) 0.00 39
    2021-12-01 $222,500 (59.6%) $267,556 (6.5%) 0.00 35
    2022-01-01 $199,000 (0.0%) $245,629 (-16.1%) 0.00 30
    2022-02-01 $229,900 (9.8%) $370,874 (13.5%) 0.00 28
    2022-03-01 $225,000 (-11.6%) $347,143 (4.2%) 0.00 33
    2022-04-01 $257,400 (-0.9%) $450,344 (43.4%) 0.00 29
    2022-05-01 $267,000 (6.8%) $427,567 (40.4%) 0.00 32
    2022-06-01 $289,950 (28.4%) $430,720 (31.9%) 0.00 39
    2022-07-01 $299,450 (19.8%) $416,836 (27.5%) 0.00 40
    2022-08-01 $272,175 (21.0%) $390,942 (33.2%) 0.00 42
    2022-09-01 $219,625 (-2.4%) $407,136 (43.9%) 0.00 46
    2022-10-01 $209,950 (-7.7%) $378,945 (31.5%) 0.00 54
    2022-11-01 $234,725 (-3.7%) $368,742 (19.4%) 0.00 52
    2022-12-01 $240,000 (7.9%) $358,104 (33.8%) 0.00 50
    2023-01-01 $233,425 (17.3%) $238,238 (-3.0%) 0.00 48
    2023-02-01 $204,900 (-10.9%) $232,299 (-37.4%) 0.00 49
    2023-03-01 $212,450 (-5.6%) $244,178 (-29.7%) 0.00 48
    2023-04-01 $215,000 (-16.5%) $253,595 (-43.7%) 0.00 56
    2023-05-01 $220,950 (-17.3%) $262,996 (-38.5%) 0.00 51
    2023-06-01 $250,975 (-13.4%) $329,651 (-23.5%) 0.00 45
    2023-07-01 $249,900 (-16.6%) $325,012 (-22.0%) 0.00 44
    2023-08-01 $268,975 (-1.2%) $328,238 (-16.0%) 0.00 39
    2023-09-01 $268,500 (22.3%) $316,513 (-22.3%) 0.00 44
    2023-10-01 $268,625 (28.0%) $333,027 (-12.1%) 0.00 58
    2023-11-01 $269,100 (14.6%) $332,738 (-9.8%) 0.00 64
    2023-12-01 $252,000 (5.0%) $316,695 (-11.6%) 0.00 62
    2024-01-01 $266,975 (14.4%) $347,495 (45.9%) 0.00 50
    2024-02-01 $262,200 (28.0%) $336,832 (45.0%) 0.00 50
    2024-03-01 $254,950 (20.0%) $331,827 (35.9%) 0.00 56
    2024-04-01 $249,750 (16.2%) $338,838 (33.6%) 0.00 59
    2024-05-01 $249,925 (13.1%) $341,642 (29.9%) 0.00 62
    2024-06-01 $239,950 (-4.4%) $332,243 (0.8%) 0.00 70
    2024-07-01 $253,700 (1.5%) $336,888 (3.7%) 0.00 80
    2024-08-01 $275,000 (2.2%) $342,645 (4.4%) 0.00 83
    2024-09-01 $250,000 (-6.9%) $329,399 (4.1%) 0.00 84
    2024-10-01 $251,225 (-6.5%) $313,592 (-5.8%) 0.00 89
    2024-11-01 $254,900 (-5.3%) $320,345 (-3.7%) 0.00 85
    2024-12-01 $250,000 (-0.8%) $307,716 (-2.8%) 0.00 87
    2025-01-01 $249,900 (-6.4%) $290,885 (-16.3%) 0.00 82
    2025-02-01 $253,750 (-3.2%) $294,960 (-12.4%) 0.00 79
    2025-03-01 $265,000 (3.9%) $306,020 (-7.8%) 0.00 73
    Martin's median listing price for 2025-03-01 was $265,000, a difference of $10,050 (3.9%) versus the prior year and $11,250 versus the prior month.

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

    Martin's average listing price for 2025-03-01 was $306,020, a difference of $-25,807 (-7.8%) versus the prior year and $11,060 versus the prior month.

    For the 2025-03-01 period, Martin had 73 MLS listings, a difference of -6 listings (-8%) versus the prior month and 17 listings (30%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Martin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,823 sqft
    2018-02-01 0 days 1,823 sqft
    2018-03-01 0 days 1,806 sqft
    2018-04-01 0 days 1,805 sqft
    2018-05-01 0 days 1,847 sqft
    2018-06-01 0 days 1,857 sqft
    2018-07-01 0 days 1,813 sqft
    2018-08-01 0 days 1,814 sqft
    2018-09-01 0 days 1,831 sqft
    2018-10-01 0 days 1,808 sqft
    2018-11-01 0 days 1,740 sqft
    2018-12-01 0 days 1,791 sqft
    2019-01-01 0 days 1,758 sqft
    2019-02-01 0 days 1,699 sqft
    2019-03-01 0 days 1,753 sqft
    2019-04-01 0 days 1,745 sqft
    2019-05-01 0 days 1,836 sqft
    2019-06-01 0 days 1,797 sqft
    2019-07-01 0 days 1,899 sqft
    2019-08-01 0 days 1,887 sqft
    2019-09-01 0 days 1,867 sqft
    2019-10-01 0 days 1,840 sqft
    2019-11-01 0 days 1,689 sqft
    2019-12-01 0 days 1,788 sqft
    2020-01-01 0 days 1,734 sqft
    2020-02-01 0 days 1,644 sqft
    2020-03-01 0 days 1,649 sqft
    2020-04-01 0 days 1,644 sqft
    2020-05-01 0 days 1,650 sqft
    2020-06-01 0 days 1,658 sqft
    2020-07-01 0 days 1,617 sqft
    2020-08-01 0 days 1,636 sqft
    2020-09-01 0 days 1,638 sqft
    2020-10-01 0 days 1,643 sqft
    2020-11-01 0 days 1,712 sqft
    2020-12-01 0 days 1,655 sqft
    2021-01-01 0 days 2,013 sqft
    2021-02-01 0 days 1,787 sqft
    2021-03-01 0 days 1,619 sqft
    2021-04-01 0 days 2,189 sqft
    2021-05-01 0 days 2,127 sqft
    2021-06-01 0 days 2,128 sqft
    2021-07-01 0 days 2,146 sqft
    2021-08-01 0 days 2,108 sqft
    2021-09-01 0 days 2,034 sqft
    2021-10-01 0 days 2,067 sqft
    2021-11-01 0 days 2,076 sqft
    2021-12-01 0 days 2,072 sqft
    2022-01-01 0 days 2,063 sqft
    2022-02-01 0 days 2,034 sqft
    2022-03-01 0 days 2,055 sqft
    2022-04-01 0 days 2,014 sqft
    2022-05-01 0 days 2,000 sqft
    2022-06-01 0 days 2,050 sqft
    2022-07-01 0 days 2,070 sqft
    2022-08-01 0 days 2,056 sqft
    2022-09-01 0 days 2,136 sqft
    2022-10-01 0 days 1,992 sqft
    2022-11-01 0 days 1,934 sqft
    2022-12-01 0 days 1,833 sqft
    2023-01-01 0 days 1,854 sqft
    2023-02-01 0 days 1,813 sqft
    2023-03-01 0 days 1,861 sqft
    2023-04-01 0 days 1,749 sqft
    2023-05-01 0 days 1,766 sqft
    2023-06-01 0 days 2,098 sqft
    2023-07-01 0 days 2,095 sqft
    2023-08-01 0 days 2,095 sqft
    2023-09-01 0 days 2,000 sqft
    2023-10-01 0 days 1,996 sqft
    2023-11-01 0 days 1,914 sqft
    2023-12-01 0 days 1,868 sqft
    2024-01-01 0 days 1,873 sqft
    2024-02-01 0 days 1,864 sqft
    2024-03-01 0 days 1,933 sqft
    2024-04-01 0 days 1,875 sqft
    2024-05-01 0 days 1,906 sqft
    2024-06-01 0 days 1,900 sqft
    2024-07-01 0 days 1,919 sqft
    2024-08-01 0 days 1,902 sqft
    2024-09-01 0 days 1,838 sqft
    2024-10-01 0 days 1,807 sqft
    2024-11-01 0 days 1,894 sqft
    2024-12-01 0 days 1,871 sqft
    2025-01-01 0 days 1,831 sqft
    2025-02-01 0 days 1,882 sqft
    2025-03-01 0 days 2,050 sqft
    Martin's median listing age (time on market) for 2025-03-01 was 0 days.

    Martin's median square footage for active listings during the 2025-03-01 period was 2,050 sqft. One year prior, the average listing was 1,933 sqft.