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 12 lenders originated 27 USDA loans during 2022. The total origination value was $6,225,000, with an average USDA loan value of $230,556.

    Sevierville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Sevierville averaged 6.8% for the week of 2023-09-22, compared to the national average (all USDA variants) of 7.021% for the same period.

    Sevierville's average USDA mortgage closing costs are $5,723.

    The average rate for the prior week (2023-09-15) was 6.67% and one month ago for the week of 2023-08-18, the average rate was 7.07%.

    The average rate one year ago was 5.59%.

    For refis of the same type during the week of 2023-09-22, the average rate was 5.71%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    MORTGAGE INVESTORS GROUP, INC. 14 4.48% $7,302
    FIRST COMMUNITY MORTGAGE, INC. 2 4.38% $5,276
    CALIBER HOME LOANS, INC. 2 3.75% $6,657
    GUILD MORTGAGE COMPANY 1 4.13% $10,104
    Northpointe Bank 1 3.88% $7,082
    TJC Mortgage, Inc. 1 4.13% $4,763
    UNITED WHOLESALE MORTGAGE, LLC 1 5.50% $8,639
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 4.88% $8,449
    AMERICAN FINANCIAL RESOURCES, INC. 1 4.50% $7,809
    Wolfe Financial, Inc 1 4.88% $10,491
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 4.13% $5,329
    Countybank 1 2.75% $5,527

    The top Sevierville USDA lender as defined by loan originations is MORTGAGE INVESTORS GROUP, INC., with 14 USDA loans originated. Their average total fees are $7,302, which is $2,026 higher than the next largest lender, FIRST COMMUNITY MORTGAGE, INC..

    The lowest fee Sevierville USDA lenders (with over 10 loans originated) are MORTGAGE INVESTORS GROUP, INC. ($7,302), .

    The lowest rate Sevierville USDA lenders (with over 10 loans originated) are MORTGAGE INVESTORS GROUP, INC. (4.48%), .

    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%) $341,724 (13.0%) 0.00 872
    2018-02-01 $259,900 (5.2%) $340,783 (10.3%) 0.00 844
    2018-03-01 $259,000 (3.6%) $346,630 (8.4%) 0.00 838
    2018-04-01 $260,169 (4.1%) $353,483 (10.5%) 0.00 818
    2018-05-01 $259,900 (2.0%) $353,306 (8.8%) 0.00 836
    2018-06-01 $264,900 (3.9%) $356,687 (9.7%) 0.00 866
    2018-07-01 $264,900 (3.9%) $365,408 (12.1%) 0.00 867
    2018-08-01 $264,900 (1.9%) $366,439 (12.0%) 0.00 875
    2018-09-01 $264,900 (1.9%) $368,417 (11.1%) 0.00 876
    2018-10-01 $269,900 (3.9%) $373,567 (11.7%) 0.00 850
    2018-11-01 $274,900 (6.1%) $375,583 (12.4%) 0.00 839
    2018-12-01 $274,900 (5.8%) $383,549 (14.2%) 0.00 798
    2019-01-01 $274,950 (5.8%) $385,488 (12.8%) 0.00 745
    2019-02-01 $277,000 (6.6%) $397,560 (16.7%) 0.00 713
    2019-03-01 $288,471 (11.4%) $411,216 (18.6%) 0.00 704
    2019-04-01 $299,900 (15.3%) $426,971 (20.8%) 0.00 692
    2019-05-01 $305,825 (17.7%) $430,268 (21.8%) 0.00 696
    2019-06-01 $324,900 (22.7%) $439,348 (23.2%) 0.00 708
    2019-07-01 $316,675 (19.6%) $435,689 (19.2%) 0.00 696
    2019-08-01 $322,200 (21.6%) $438,419 (19.6%) 0.00 687
    2019-09-01 $331,650 (25.2%) $448,839 (21.8%) 0.00 701
    2019-10-01 $341,950 (26.7%) $455,747 (22.0%) 0.00 713
    2019-11-01 $345,000 (25.5%) $466,357 (24.2%) 0.00 714
    2019-12-01 $362,475 (31.9%) $493,192 (28.6%) 0.00 669
    2020-01-01 $365,000 (32.8%) $501,190 (30.0%) 0.00 625
    2020-02-01 $369,950 (33.6%) $507,085 (27.6%) 0.00 575
    2020-03-01 $368,746 (27.8%) $507,913 (23.5%) 0.00 580
    2020-04-01 $354,950 (18.4%) $496,226 (16.2%) 0.00 713
    2020-05-01 $370,000 (21.0%) $504,554 (17.3%) 0.00 689
    2020-06-01 $399,900 (23.1%) $519,150 (18.2%) 0.00 641
    2020-07-01 $422,100 (33.3%) $554,973 (27.4%) 0.00 584
    2020-08-01 $440,000 (36.6%) $571,248 (30.3%) 0.00 501
    2020-09-01 $454,725 (37.1%) $595,175 (32.6%) 0.00 398
    2020-10-01 $469,900 (37.4%) $627,881 (37.8%) 0.00 331
    2020-11-01 $440,000 (27.5%) $600,852 (28.8%) 0.00 320
    2020-12-01 $479,725 (32.4%) $642,511 (30.3%) 0.00 325
    2021-01-01 $489,950 (34.2%) $655,410 (30.8%) 0.00 305
    2021-02-01 $650,000 (75.7%) $689,288 (35.9%) 0.00 379
    2021-03-01 $650,000 (76.3%) $708,768 (39.6%) 0.00 405
    2021-04-01 $650,000 (83.1%) $719,844 (45.1%) 0.00 456
    2021-05-01 $650,000 (75.7%) $714,564 (41.6%) 0.00 478
    2021-06-01 $592,450 (48.2%) $727,890 (40.2%) 0.00 441
    2021-07-01 $595,000 (41.0%) $731,230 (31.8%) 0.00 469
    2021-08-01 $592,450 (34.7%) $734,984 (28.7%) 0.00 462
    2021-09-01 $542,000 (19.2%) $710,654 (19.4%) 0.00 434
    2021-10-01 $569,900 (21.3%) $781,408 (24.5%) 0.00 406
    2021-11-01 $599,937 (36.4%) $826,432 (37.5%) 0.00 375
    2021-12-01 $662,281 (38.1%) $815,572 (26.9%) 0.00 369
    2022-01-01 $699,000 (42.7%) $808,023 (23.3%) 0.00 329
    2022-02-01 $729,900 (12.3%) $889,001 (29.0%) 0.00 336
    2022-03-01 $749,950 (15.4%) $960,341 (35.5%) 0.00 380
    2022-04-01 $763,750 (17.5%) $1,000,697 (39.0%) 0.00 483
    2022-05-01 $781,250 (20.2%) $970,227 (35.8%) 0.00 694
    2022-06-01 $760,830 (28.4%) $945,407 (29.9%) 0.00 901
    2022-07-01 $749,900 (26.0%) $926,606 (26.7%) 0.00 1,021
    2022-08-01 $745,000 (25.8%) $917,549 (24.8%) 0.00 1,003
    2022-09-01 $726,175 (34.0%) $907,131 (27.7%) 0.00 975
    2022-10-01 $749,000 (31.4%) $921,706 (18.0%) 0.00 951
    2022-11-01 $734,675 (22.5%) $908,874 (10.0%) 0.00 890
    2022-12-01 $725,000 (9.5%) $903,737 (10.8%) 0.00 781
    2023-01-01 $749,949 (7.3%) $915,754 (13.3%) 0.00 680
    2023-02-01 $749,450 (2.7%) $919,428 (3.4%) 0.00 677
    2023-03-01 $749,452 (-0.1%) $932,953 (-2.9%) 0.00 692
    2023-04-01 $749,900 (-1.8%) $943,794 (-5.7%) 0.00 766
    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 (-2.0%) $914,534 (-0.3%) 0.00 1,121
    Sevierville's median listing price for 2023-08-01 was $730,000, a difference of $-15,000 (-2.0%) versus the prior year and $-15,000 versus the prior month.

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

    Sevierville's average listing price for 2023-08-01 was $914,534, a difference of $-3,015 (-0.3%) versus the prior year and $-20,527 versus the prior month.

    For the 2023-08-01 period, Sevierville had 1,121 MLS listings, a difference of 102 listings (10%) versus the prior month and 118 listings (12%) 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 1,860 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 1,902 sqft
    2018-08-01 0 days 1,930 sqft
    2018-09-01 0 days 1,924 sqft
    2018-10-01 0 days 1,986 sqft
    2018-11-01 0 days 1,953 sqft
    2018-12-01 0 days 1,971 sqft
    2019-01-01 0 days 1,962 sqft
    2019-02-01 0 days 2,013 sqft
    2019-03-01 0 days 2,077 sqft
    2019-04-01 0 days 2,096 sqft
    2019-05-01 0 days 2,087 sqft
    2019-06-01 0 days 2,080 sqft
    2019-07-01 0 days 2,090 sqft
    2019-08-01 0 days 2,112 sqft
    2019-09-01 0 days 2,120 sqft
    2019-10-01 0 days 2,126 sqft
    2019-11-01 0 days 2,084 sqft
    2019-12-01 0 days 2,144 sqft
    2020-01-01 0 days 2,153 sqft
    2020-02-01 0 days 2,088 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 2,174 sqft
    2020-12-01 0 days 2,295 sqft
    2021-01-01 0 days 2,246 sqft
    2021-02-01 0 days 2,372 sqft
    2021-03-01 0 days 2,427 sqft
    2021-04-01 0 days 2,337 sqft
    2021-05-01 0 days 2,210 sqft
    2021-06-01 0 days 2,109 sqft
    2021-07-01 0 days 2,096 sqft
    2021-08-01 0 days 2,098 sqft
    2021-09-01 0 days 2,038 sqft
    2021-10-01 0 days 2,096 sqft
    2021-11-01 0 days 2,284 sqft
    2021-12-01 0 days 2,304 sqft
    2022-01-01 0 days 2,058 sqft
    2022-02-01 0 days 2,064 sqft
    2022-03-01 0 days 2,073 sqft
    2022-04-01 0 days 2,088 sqft
    2022-05-01 0 days 2,069 sqft
    2022-06-01 0 days 2,032 sqft
    2022-07-01 0 days 2,020 sqft
    2022-08-01 0 days 2,013 sqft
    2022-09-01 0 days 2,019 sqft
    2022-10-01 0 days 2,088 sqft
    2022-11-01 0 days 2,055 sqft
    2022-12-01 0 days 2,068 sqft
    2023-01-01 0 days 2,043 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 2,034 sqft
    2023-07-01 0 days 2,042 sqft
    2023-08-01 0 days 2,036 sqft
    Sevierville's median listing age (time on market) for 2023-08-01 was 0 days.

    Sevierville's median square footage for active listings during the 2023-08-01 period was 2,036 sqft. One year prior, the average listing was 2,013 sqft.