Sevierville USDA Loan Rates, Closing Costs & Stats
Sevierville, 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.
Sevierville's 7 lenders originated 13 USDA loans during 2023. The total origination value was $3,345,000, with an average USDA loan value of $257,308.
Sevierville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Sevierville
averaged
7.02%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Sevierville's average USDA mortgage closing costs are $5,776.
The average rate for the prior week (2024-04-12) was
7.27% and
one month ago for the week of 2024-03-15, the
average rate was 6.76%.
The average rate one year ago was 6.7%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.14%.
Sevierville 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 Sevierville level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| MORTGAGE INVESTORS GROUP, INC. | 5 | 7.13% | $7,392 |
| FIRST COMMUNITY MORTGAGE, INC. | 2 | 5.56% | $7,619 |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | 1 | 6.88% | $9,317 |
| AMERICAN FINANCIAL RESOURCES, INC. | 1 | 7.00% | $5,203 |
| NEWREZ LLC | 1 | 6.25% | $8,663 |
| U.S. Bank | 1 | 5.99% | $9,471 |
| VANDERBILT MORTGAGE AND FINANCE, INC. | 1 | 6.63% | $8,558 |
The top Sevierville USDA lender as defined by loan originations is MORTGAGE INVESTORS GROUP, INC., with
5 USDA loans originated. Their average total fees are
$7,392, which is $227
lower than the next largest lender,
FIRST COMMUNITY MORTGAGE, INC..
The lowest fee Sevierville USDA lenders (with over 10 loans originated) are
.
The lowest rate Sevierville USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Sevierville (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 | $259,900 (8.3%) | $341,150 (12.3%) | 0.00 | 869 |
| 2018-02-01 | $259,900 (5.0%) | $340,126 (9.6%) | 0.00 | 841 |
| 2018-03-01 | $259,000 (3.6%) | $345,937 (7.6%) | 0.00 | 837 |
| 2018-04-01 | $260,169 (4.1%) | $353,688 (10.1%) | 0.00 | 816 |
| 2018-05-01 | $259,900 (1.9%) | $353,681 (8.7%) | 0.00 | 833 |
| 2018-06-01 | $264,900 (3.9%) | $357,073 (9.6%) | 0.00 | 863 |
| 2018-07-01 | $264,900 (3.9%) | $365,810 (12.0%) | 0.00 | 864 |
| 2018-08-01 | $264,900 (1.9%) | $366,851 (12.1%) | 0.00 | 872 |
| 2018-09-01 | $264,900 (1.9%) | $368,831 (11.4%) | 0.00 | 874 |
| 2018-10-01 | $269,900 (3.9%) | $374,051 (12.0%) | 0.00 | 847 |
| 2018-11-01 | $274,900 (6.2%) | $375,550 (12.6%) | 0.00 | 836 |
| 2018-12-01 | $274,900 (5.8%) | $383,867 (14.4%) | 0.00 | 796 |
| 2019-01-01 | $274,938 (5.8%) | $385,655 (13.1%) | 0.00 | 744 |
| 2019-02-01 | $277,000 (6.6%) | $397,787 (17.0%) | 0.00 | 711 |
| 2019-03-01 | $288,471 (11.4%) | $411,231 (18.9%) | 0.00 | 702 |
| 2019-04-01 | $299,900 (15.3%) | $426,505 (20.6%) | 0.00 | 689 |
| 2019-05-01 | $306,675 (18.0%) | $429,694 (21.5%) | 0.00 | 693 |
| 2019-06-01 | $324,900 (22.7%) | $438,688 (22.9%) | 0.00 | 705 |
| 2019-07-01 | $315,225 (19.0%) | $434,671 (18.8%) | 0.00 | 694 |
| 2019-08-01 | $321,545 (21.4%) | $437,605 (19.3%) | 0.00 | 685 |
| 2019-09-01 | $331,364 (25.1%) | $448,412 (21.6%) | 0.00 | 699 |
| 2019-10-01 | $340,750 (26.3%) | $455,620 (21.8%) | 0.00 | 711 |
| 2019-11-01 | $345,000 (25.5%) | $466,257 (24.2%) | 0.00 | 712 |
| 2019-12-01 | $358,500 (30.4%) | $492,863 (28.4%) | 0.00 | 665 |
| 2020-01-01 | $363,650 (32.3%) | $501,027 (29.9%) | 0.00 | 623 |
| 2020-02-01 | $369,900 (33.5%) | $507,270 (27.5%) | 0.00 | 574 |
| 2020-03-01 | $368,746 (27.8%) | $507,913 (23.5%) | 0.00 | 580 |
| 2020-04-01 | $354,950 (18.4%) | $496,226 (16.4%) | 0.00 | 713 |
| 2020-05-01 | $370,000 (20.7%) | $504,554 (17.4%) | 0.00 | 689 |
| 2020-06-01 | $399,900 (23.1%) | $519,150 (18.3%) | 0.00 | 641 |
| 2020-07-01 | $422,100 (33.9%) | $554,973 (27.7%) | 0.00 | 584 |
| 2020-08-01 | $440,000 (36.8%) | $571,248 (30.5%) | 0.00 | 501 |
| 2020-09-01 | $454,500 (37.2%) | $595,227 (32.7%) | 0.00 | 397 |
| 2020-10-01 | $469,900 (37.9%) | $627,881 (37.8%) | 0.00 | 331 |
| 2020-11-01 | $439,975 (27.5%) | $601,400 (29.0%) | 0.00 | 319 |
| 2020-12-01 | $479,700 (33.8%) | $643,380 (30.5%) | 0.00 | 324 |
| 2021-01-01 | $489,900 (34.7%) | $655,255 (30.8%) | 0.00 | 305 |
| 2021-02-01 | $650,000 (75.7%) | $689,586 (35.9%) | 0.00 | 379 |
| 2021-03-01 | $650,000 (76.3%) | $707,437 (39.3%) | 0.00 | 403 |
| 2021-04-01 | $650,000 (83.1%) | $717,195 (44.5%) | 0.00 | 451 |
| 2021-05-01 | $650,000 (75.7%) | $712,609 (41.2%) | 0.00 | 474 |
| 2021-06-01 | $588,425 (47.1%) | $725,379 (39.7%) | 0.00 | 436 |
| 2021-07-01 | $594,000 (40.7%) | $729,494 (31.5%) | 0.00 | 466 |
| 2021-08-01 | $584,725 (32.9%) | $734,006 (28.5%) | 0.00 | 452 |
| 2021-09-01 | $540,750 (19.0%) | $710,159 (19.3%) | 0.00 | 427 |
| 2021-10-01 | $564,000 (20.0%) | $781,375 (24.5%) | 0.00 | 399 |
| 2021-11-01 | $599,900 (36.4%) | $828,115 (37.7%) | 0.00 | 369 |
| 2021-12-01 | $661,975 (38.0%) | $816,238 (26.9%) | 0.00 | 364 |
| 2022-01-01 | $698,500 (42.6%) | $809,366 (23.5%) | 0.00 | 323 |
| 2022-02-01 | $729,900 (12.3%) | $891,367 (29.3%) | 0.00 | 328 |
| 2022-03-01 | $745,988 (14.8%) | $961,374 (35.9%) | 0.00 | 367 |
| 2022-04-01 | $765,000 (17.7%) | $1,001,604 (39.7%) | 0.00 | 481 |
| 2022-05-01 | $781,250 (20.2%) | $970,753 (36.2%) | 0.00 | 692 |
| 2022-06-01 | $760,830 (29.3%) | $945,673 (30.4%) | 0.00 | 899 |
| 2022-07-01 | $749,900 (26.3%) | $926,731 (27.0%) | 0.00 | 1,018 |
| 2022-08-01 | $744,425 (27.3%) | $917,538 (25.0%) | 0.00 | 998 |
| 2022-09-01 | $724,500 (34.0%) | $906,635 (27.7%) | 0.00 | 971 |
| 2022-10-01 | $744,450 (32.0%) | $919,732 (17.7%) | 0.00 | 951 |
| 2022-11-01 | $731,750 (22.0%) | $907,244 (9.6%) | 0.00 | 889 |
| 2022-12-01 | $725,000 (9.5%) | $901,910 (10.5%) | 0.00 | 781 |
| 2023-01-01 | $749,900 (7.4%) | $915,260 (13.1%) | 0.00 | 680 |
| 2023-02-01 | $749,450 (2.7%) | $919,428 (3.2%) | 0.00 | 677 |
| 2023-03-01 | $749,452 (0.5%) | $932,953 (-3.0%) | 0.00 | 692 |
| 2023-04-01 | $749,950 (-2.0%) | $943,794 (-5.8%) | 0.00 | 765 |
| 2023-05-01 | $739,950 (-5.3%) | $925,956 (-4.6%) | 0.00 | 870 |
| 2023-06-01 | $742,440 (-2.4%) | $936,121 (-1.0%) | 0.00 | 988 |
| 2023-07-01 | $745,000 (-0.7%) | $935,061 (0.9%) | 0.00 | 1,019 |
| 2023-08-01 | $730,000 (-1.9%) | $914,534 (-0.3%) | 0.00 | 1,121 |
| 2023-09-01 | $732,450 (1.1%) | $928,965 (2.5%) | 0.00 | 1,155 |
| 2023-10-01 | $749,000 (0.6%) | $930,845 (1.2%) | 0.00 | 1,144 |
| 2023-11-01 | $724,950 (-0.9%) | $918,068 (1.2%) | 0.00 | 1,163 |
| 2023-12-01 | $735,900 (1.5%) | $926,109 (2.7%) | 0.00 | 1,154 |
| 2024-01-01 | $734,950 (-2.0%) | $916,425 (0.1%) | 0.00 | 1,049 |
| 2024-02-01 | $719,575 (-4.0%) | $883,139 (-4.0%) | 0.00 | 1,097 |
| 2024-03-01 | $699,977 (-6.6%) | $869,051 (-6.9%) | 0.00 | 1,210 |
Sevierville's median listing price comes in at 0% of the national average.
Sevierville's average listing price for 2024-03-01 was $869,051, a difference of $-63,902 (-6.9%) versus the prior year and $-14,088 versus the prior month.
For the 2024-03-01 period, Sevierville had 1,210 MLS listings, a difference of 113 listings (10%) versus the prior month and 518 listings (75%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sevierville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,900 sqft |
| 2018-02-01 | 0 days | 1,900 sqft |
| 2018-03-01 | 0 days | 1,854 sqft |
| 2018-04-01 | 0 days | 1,900 sqft |
| 2018-05-01 | 0 days | 1,900 sqft |
| 2018-06-01 | 0 days | 1,900 sqft |
| 2018-07-01 | 0 days | 1,907 sqft |
| 2018-08-01 | 0 days | 1,937 sqft |
| 2018-09-01 | 0 days | 1,932 sqft |
| 2018-10-01 | 0 days | 2,003 sqft |
| 2018-11-01 | 0 days | 1,960 sqft |
| 2018-12-01 | 0 days | 1,972 sqft |
| 2019-01-01 | 0 days | 1,968 sqft |
| 2019-02-01 | 0 days | 2,022 sqft |
| 2019-03-01 | 0 days | 2,077 sqft |
| 2019-04-01 | 0 days | 2,096 sqft |
| 2019-05-01 | 0 days | 2,089 sqft |
| 2019-06-01 | 0 days | 2,076 sqft |
| 2019-07-01 | 0 days | 2,086 sqft |
| 2019-08-01 | 0 days | 2,107 sqft |
| 2019-09-01 | 0 days | 2,118 sqft |
| 2019-10-01 | 0 days | 2,126 sqft |
| 2019-11-01 | 0 days | 2,084 sqft |
| 2019-12-01 | 0 days | 2,140 sqft |
| 2020-01-01 | 0 days | 2,151 sqft |
| 2020-02-01 | 0 days | 2,091 sqft |
| 2020-03-01 | 0 days | 2,094 sqft |
| 2020-04-01 | 0 days | 2,000 sqft |
| 2020-05-01 | 0 days | 2,016 sqft |
| 2020-06-01 | 0 days | 2,158 sqft |
| 2020-07-01 | 0 days | 2,273 sqft |
| 2020-08-01 | 0 days | 2,261 sqft |
| 2020-09-01 | 0 days | 2,186 sqft |
| 2020-10-01 | 0 days | 2,240 sqft |
| 2020-11-01 | 0 days | 2,168 sqft |
| 2020-12-01 | 0 days | 2,295 sqft |
| 2021-01-01 | 0 days | 2,241 sqft |
| 2021-02-01 | 0 days | 2,385 sqft |
| 2021-03-01 | 0 days | 2,427 sqft |
| 2021-04-01 | 0 days | 2,332 sqft |
| 2021-05-01 | 0 days | 2,210 sqft |
| 2021-06-01 | 0 days | 2,106 sqft |
| 2021-07-01 | 0 days | 2,092 sqft |
| 2021-08-01 | 0 days | 2,094 sqft |
| 2021-09-01 | 0 days | 2,038 sqft |
| 2021-10-01 | 0 days | 2,088 sqft |
| 2021-11-01 | 0 days | 2,275 sqft |
| 2021-12-01 | 0 days | 2,299 sqft |
| 2022-01-01 | 0 days | 2,058 sqft |
| 2022-02-01 | 0 days | 2,058 sqft |
| 2022-03-01 | 0 days | 2,066 sqft |
| 2022-04-01 | 0 days | 2,088 sqft |
| 2022-05-01 | 0 days | 2,069 sqft |
| 2022-06-01 | 0 days | 2,037 sqft |
| 2022-07-01 | 0 days | 2,031 sqft |
| 2022-08-01 | 0 days | 2,011 sqft |
| 2022-09-01 | 0 days | 2,019 sqft |
| 2022-10-01 | 0 days | 2,080 sqft |
| 2022-11-01 | 0 days | 2,049 sqft |
| 2022-12-01 | 0 days | 2,057 sqft |
| 2023-01-01 | 0 days | 2,041 sqft |
| 2023-02-01 | 0 days | 2,023 sqft |
| 2023-03-01 | 0 days | 2,016 sqft |
| 2023-04-01 | 0 days | 2,045 sqft |
| 2023-05-01 | 0 days | 2,040 sqft |
| 2023-06-01 | 0 days | 2,033 sqft |
| 2023-07-01 | 0 days | 2,042 sqft |
| 2023-08-01 | 0 days | 2,035 sqft |
| 2023-09-01 | 0 days | 2,050 sqft |
| 2023-10-01 | 0 days | 2,049 sqft |
| 2023-11-01 | 0 days | 2,024 sqft |
| 2023-12-01 | 0 days | 2,016 sqft |
| 2024-01-01 | 0 days | 1,969 sqft |
| 2024-02-01 | 0 days | 1,917 sqft |
| 2024-03-01 | 0 days | 1,914 sqft |
Sevierville's median square footage for active listings during the 2024-03-01 period was 1,914 sqft. One year prior, the average listing was 2,016 sqft.