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 7.11% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

Sevierville's average USDA mortgage closing costs are $5,776.

The average rate for the prior week (2024-05-10) was 6.95% and one month ago for the week of 2024-04-12, the average rate was 6.97%.

The average rate one year ago was 6.95%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.93%.

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/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
2024-04-01 $699,900 (-6.7%) $882,803 (-6.5%) 0.00 1,388
Sevierville's median listing price for 2024-04-01 was $699,900, a difference of $-50,050 (-6.7%) versus the prior year and $-77 versus the prior month.

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

Sevierville's average listing price for 2024-04-01 was $882,803, a difference of $-60,991 (-6.5%) versus the prior year and $13,752 versus the prior month.

For the 2024-04-01 period, Sevierville had 1,388 MLS listings, a difference of 178 listings (15%) versus the prior month and 623 listings (81%) 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 1,913 sqft
2024-03-01 0 days 1,914 sqft
2024-04-01 0 days 1,925 sqft
Sevierville's median listing age (time on market) for 2024-04-01 was 0 days.

Sevierville's median square footage for active listings during the 2024-04-01 period was 1,925 sqft. One year prior, the average listing was 2,045 sqft.