Sevierville USDA Loans

Sevierville, 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.

    Sevierville's 31 lenders originated 95 USDA loans during 2021. The total origination value was $20,325,000, with an average USDA loan value of $213,947.

    Sevierville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Sevierville averaged 5.78% for the week of 2022-08-05, compared to the national average (all USDA variants) of 5.294% for the same period.

    The average rate for the prior week (2022-07-29) was 5.71% and one month ago for the week of 2022-07-01, the average rate was 6.04%.

    The average rate one year ago was 3.42%.

    For refis of the same type during the week of 2022-08-05, the average rate was 4.97%.

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

    Sevierville USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Sevierville level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    MORTGAGE INVESTORS GROUP, INC. 35 2.81% $5,990
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 6 3.19% $8,501
    Citizens Bank 5 2.90% $5,884
    STOCKTON MORTGAGE CORPORATION 5 3.00% $6,563
    Bank of England 4 2.75% $6,718
    HOME POINT FINANCIAL CORPORATION 3 2.96% $6,564
    FIRST COMMUNITY MORTGAGE, INC. 3 2.88% $4,473
    BAY EQUITY LLC 3 3.00% $6,640
    PENNYMAC LOAN SERVICES, LLC 3 3.04% $4,656
    Colten Mortgage, LLC 2 2.69% $4,749
    Hometown Lenders, Inc. 2 3.25% $7,192
    INTERLINC MORTGAGE SERVICES, LLC 2 3.00% $2,652
    CALIBER HOME LOANS, INC. 2 3.00% $6,256
    MOVEMENT MORTGAGE, LLC 2 2.50% $4,575
    SmartBank 2 2.50% $5,788
    AMERICAN FINANCIAL RESOURCES, INC. 1 3.13% $6,471
    Wolfe Financial, Inc 1 3.25% $6,840
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 2.75% $2,268
    Carrington Mortgage Services, LLC 1 4.63% $3,655
    DAS Acquisition Company, LLC 1 3.25% $7,272
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.99% $6,255
    First Guaranty Mortgage Corporation 1 3.00% $8,324
    GUARANTEED RATE, INC. 1 2.88% $2,922
    GUARANTY HOME MORTGAGE CORPORATION 1 2.75% $6,281
    GUILD MORTGAGE COMPANY 1 3.00% $8,572
    Loan Simple, Inc. 1 3.50% $5,883
    MID AMERICA MORTGAGE, INC. 1 3.25% $9,076
    Mortgage Research Center, LLC 1 2.63% $5,480
    NATIONS DIRECT MORTGAGE, LLC 1 3.75% $7,575
    Paramount Residential Mortgage Group, Inc. 1 2.88% $3,753
    UNION HOME MORTGAGE CORP. 1 2.25% $7,076

    The top Sevierville USDA lender as defined by loan originations is MORTGAGE INVESTORS GROUP, INC., with 35 USDA loans originated. Their average total fees are $5,990, which is $2,511 lower than the next largest lender, CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP.

    The lowest fee Sevierville USDA lenders (with over 10 loans originated) are MORTGAGE INVESTORS GROUP, INC. ($5,990), .

    The lowest rate Sevierville USDA lenders (with over 10 loans originated) are MORTGAGE INVESTORS GROUP, INC. (2.81%), .

    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 $263,450 (9.8%) $355,502 (16.9%) 0.00 1,211
    2018-02-01 $262,400 (5.3%) $355,363 (15.3%) 0.00 1,187
    2018-03-01 $260,000 (4.0%) $357,187 (11.6%) 0.00 1,182
    2018-04-01 $264,950 (6.0%) $361,704 (12.2%) 0.00 1,159
    2018-05-01 $259,900 (1.0%) $354,269 (9.2%) 0.00 1,191
    2018-06-01 $264,700 (3.0%) $356,730 (9.6%) 0.00 1,246
    2018-07-01 $264,900 (3.9%) $360,816 (10.7%) 0.00 1,265
    2018-08-01 $264,900 (1.9%) $364,213 (10.6%) 0.00 1,264
    2018-09-01 $265,000 (2.0%) $366,892 (9.6%) 0.00 1,263
    2018-10-01 $269,900 (3.9%) $370,478 (8.8%) 0.00 1,236
    2018-11-01 $274,975 (5.8%) $377,104 (10.1%) 0.00 1,194
    2018-12-01 $274,900 (5.8%) $379,012 (7.9%) 0.00 1,121
    2019-01-01 $274,950 (4.4%) $377,968 (6.3%) 0.00 1,041
    2019-02-01 $277,450 (5.7%) $390,695 (9.9%) 0.00 994
    2019-03-01 $289,714 (11.4%) $405,598 (13.6%) 0.00 968
    2019-04-01 $299,950 (13.2%) $422,651 (16.9%) 0.00 953
    2019-05-01 $324,950 (25.0%) $436,471 (23.2%) 0.00 987
    2019-06-01 $329,900 (24.6%) $442,767 (24.1%) 0.00 1,030
    2019-07-01 $322,500 (21.7%) $442,368 (22.6%) 0.00 1,008
    2019-08-01 $331,386 (25.1%) $445,722 (22.4%) 0.00 1,002
    2019-09-01 $338,836 (27.9%) $451,453 (23.1%) 0.00 1,033
    2019-10-01 $345,750 (28.1%) $469,849 (26.8%) 0.00 1,042
    2019-11-01 $349,900 (27.3%) $478,834 (27.0%) 0.00 1,026
    2019-12-01 $354,950 (29.1%) $494,259 (30.4%) 0.00 964
    2020-01-01 $362,400 (31.8%) $500,690 (32.5%) 0.00 902
    2020-02-01 $365,000 (31.6%) $509,350 (30.4%) 0.00 834
    2020-03-01 $369,900 (27.7%) $513,238 (26.5%) 0.00 834
    2020-04-01 $361,400 (20.5%) $494,350 (17.0%) 0.00 1,019
    2020-05-01 $379,000 (16.6%) $502,766 (15.2%) 0.00 978
    2020-06-01 $398,250 (20.7%) $519,717 (17.4%) 0.00 906
    2020-07-01 $408,450 (26.7%) $548,999 (24.1%) 0.00 839
    2020-08-01 $440,000 (32.8%) $571,892 (28.3%) 0.00 715
    2020-09-01 $464,950 (37.2%) $618,297 (37.0%) 0.00 546
    2020-10-01 $465,000 (34.5%) $637,749 (35.7%) 0.00 457
    2020-11-01 $449,450 (28.5%) $611,376 (27.7%) 0.00 454
    2020-12-01 $479,500 (35.1%) $648,192 (31.1%) 0.00 456
    2021-01-01 $485,000 (33.8%) $658,094 (31.4%) 0.00 430
    2021-02-01 $612,450 (67.8%) $703,905 (38.2%) 0.00 462
    2021-03-01 $649,950 (75.7%) $733,303 (42.9%) 0.00 478
    2021-04-01 $647,875 (79.3%) $725,442 (46.8%) 0.00 531
    2021-05-01 $625,000 (64.9%) $707,545 (40.7%) 0.00 564
    2021-06-01 $589,450 (48.0%) $721,888 (38.9%) 0.00 562
    2021-07-01 $599,900 (46.9%) $736,750 (34.2%) 0.00 624
    2021-08-01 $599,000 (36.1%) $741,280 (29.6%) 0.00 604
    2021-09-01 $551,013 (18.5%) $706,940 (14.3%) 0.00 563
    2021-10-01 $579,000 (24.5%) $760,600 (19.3%) 0.00 521
    2021-11-01 $599,950 (33.5%) $807,436 (32.1%) 0.00 459
    2021-12-01 $674,500 (40.7%) $815,566 (25.8%) 0.00 461
    2022-01-01 $675,000 (39.2%) $803,937 (22.2%) 0.00 402
    2022-02-01 $729,900 (19.2%) $906,276 (28.8%) 0.00 402
    2022-03-01 $729,900 (12.3%) $938,978 (28.1%) 0.00 501
    2022-04-01 $750,000 (15.8%) $996,511 (37.4%) 0.00 636
    2022-05-01 $786,250 (25.8%) $963,766 (36.2%) 0.00 955
    2022-06-01 $758,250 (28.6%) $944,254 (30.8%) 0.00 1,235
    Sevierville's median listing price for 2022-06-01 was $758,250, a difference of $168,800 (28.6%) versus the prior year and $-28,000 versus the prior month.

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

    Sevierville's average listing price for 2022-06-01 was $944,254, a difference of $222,366 (30.8%) versus the prior year and $-19,512 versus the prior month.

    For the 2022-06-01 period, Sevierville had 1,235 MLS listings, a difference of 280 listings (29%) versus the prior month and 673 listings (120%) 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 1,942 sqft
    2018-02-01 0 days 1,924 sqft
    2018-03-01 0 days 1,913 sqft
    2018-04-01 0 days 1,949 sqft
    2018-05-01 0 days 1,917 sqft
    2018-06-01 0 days 1,924 sqft
    2018-07-01 0 days 1,928 sqft
    2018-08-01 0 days 1,968 sqft
    2018-09-01 0 days 1,972 sqft
    2018-10-01 0 days 2,028 sqft
    2018-11-01 0 days 2,026 sqft
    2018-12-01 0 days 2,000 sqft
    2019-01-01 0 days 1,968 sqft
    2019-02-01 0 days 2,046 sqft
    2019-03-01 0 days 2,093 sqft
    2019-04-01 0 days 2,125 sqft
    2019-05-01 0 days 2,161 sqft
    2019-06-01 0 days 2,110 sqft
    2019-07-01 0 days 2,149 sqft
    2019-08-01 0 days 2,183 sqft
    2019-09-01 0 days 2,162 sqft
    2019-10-01 0 days 2,191 sqft
    2019-11-01 0 days 2,164 sqft
    2019-12-01 0 days 2,174 sqft
    2020-01-01 0 days 2,174 sqft
    2020-02-01 0 days 2,140 sqft
    2020-03-01 0 days 2,160 sqft
    2020-04-01 0 days 2,045 sqft
    2020-05-01 0 days 2,084 sqft
    2020-06-01 0 days 2,154 sqft
    2020-07-01 0 days 2,278 sqft
    2020-08-01 0 days 2,300 sqft
    2020-09-01 0 days 2,229 sqft
    2020-10-01 0 days 2,240 sqft
    2020-11-01 0 days 2,238 sqft
    2020-12-01 0 days 2,297 sqft
    2021-01-01 0 days 2,259 sqft
    2021-02-01 0 days 2,352 sqft
    2021-03-01 0 days 2,452 sqft
    2021-04-01 0 days 2,372 sqft
    2021-05-01 0 days 2,205 sqft
    2021-06-01 0 days 2,106 sqft
    2021-07-01 0 days 2,101 sqft
    2021-08-01 0 days 2,124 sqft
    2021-09-01 0 days 2,092 sqft
    2021-10-01 0 days 2,250 sqft
    2021-11-01 0 days 2,296 sqft
    2021-12-01 0 days 2,318 sqft
    2022-01-01 0 days 2,204 sqft
    2022-02-01 0 days 2,088 sqft
    2022-03-01 0 days 2,058 sqft
    2022-04-01 0 days 2,117 sqft
    2022-05-01 0 days 2,079 sqft
    2022-06-01 0 days 2,055 sqft
    Sevierville's median listing age (time on market) for 2022-06-01 was 0 days.

    Sevierville's median square footage for active listings during the 2022-06-01 period was 2,055 sqft. One year prior, the average listing was 2,106 sqft.