Sevierville USDA Loans

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 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.