Sevierville USDA Loan Rates, Closing Costs & Stats

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 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 6.46% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.8% and one month ago for the week of 2024-11-08, the average rate was 7.01%.

    The average rate one year ago was 7.18%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.48%.

    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
    2024-05-01 $699,900 (-5.4%) $895,406 (-3.3%) 0.00 1,499
    2024-06-01 $699,997 (-5.7%) $886,920 (-5.3%) 0.00 1,579
    2024-07-01 $698,525 (-6.2%) $874,955 (-6.4%) 0.00 1,641
    2024-08-01 $699,000 (-4.3%) $875,143 (-4.3%) 0.00 1,621
    2024-09-01 $699,200 (-4.5%) $863,407 (-7.1%) 0.00 1,639
    2024-10-01 $698,300 (-6.8%) $861,312 (-7.5%) 0.00 1,657
    2024-11-01 $694,500 (-4.2%) $868,381 (-5.4%) 0.00 1,673
    Sevierville's median listing price for 2024-11-01 was $694,500, a difference of $-30,450 (-4.2%) versus the prior year and $-3,800 versus the prior month.

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

    Sevierville's average listing price for 2024-11-01 was $868,381, a difference of $-49,687 (-5.4%) versus the prior year and $7,069 versus the prior month.

    For the 2024-11-01 period, Sevierville had 1,673 MLS listings, a difference of 16 listings (1%) versus the prior month and 510 listings (44%) 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 1,968 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
    2024-05-01 0 days 1,954 sqft
    2024-06-01 0 days 1,950 sqft
    2024-07-01 0 days 1,943 sqft
    2024-08-01 0 days 1,986 sqft
    2024-09-01 0 days 2,004 sqft
    2024-10-01 0 days 2,007 sqft
    2024-11-01 0 days 2,002 sqft
    Sevierville's median listing age (time on market) for 2024-11-01 was 0 days.

    Sevierville's median square footage for active listings during the 2024-11-01 period was 2,002 sqft. One year prior, the average listing was 2,024 sqft.