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 6.68% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.84% and one month ago for the week of 2025-01-10, the average rate was 7.09%.

    The average rate one year ago was 6.98%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.7%.

    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%) $340,180 (9.6%) 0.00 841
    2018-03-01 $259,000 (3.6%) $345,867 (7.6%) 0.00 836
    2018-04-01 $260,169 (4.1%) $353,483 (10.1%) 0.00 818
    2018-05-01 $259,900 (2.0%) $353,486 (8.7%) 0.00 835
    2018-06-01 $264,900 (3.9%) $356,870 (9.6%) 0.00 865
    2018-07-01 $264,900 (3.9%) $365,594 (12.0%) 0.00 866
    2018-08-01 $264,900 (1.9%) $366,630 (12.0%) 0.00 874
    2018-09-01 $264,900 (1.9%) $368,607 (11.3%) 0.00 875
    2018-10-01 $269,900 (3.9%) $373,771 (11.9%) 0.00 849
    2018-11-01 $274,900 (6.2%) $375,262 (12.5%) 0.00 838
    2018-12-01 $274,900 (5.8%) $383,549 (14.3%) 0.00 798
    2019-01-01 $274,950 (5.8%) $385,488 (13.0%) 0.00 745
    2019-02-01 $277,000 (6.6%) $397,560 (16.9%) 0.00 713
    2019-03-01 $288,471 (11.4%) $410,867 (18.8%) 0.00 704
    2019-04-01 $299,900 (15.3%) $426,160 (20.6%) 0.00 691
    2019-05-01 $303,725 (16.9%) $429,107 (21.4%) 0.00 695
    2019-06-01 $324,900 (22.7%) $438,319 (22.8%) 0.00 706
    2019-07-01 $315,225 (19.0%) $434,671 (18.9%) 0.00 694
    2019-08-01 $321,545 (21.4%) $437,583 (19.4%) 0.00 685
    2019-09-01 $331,364 (25.1%) $448,358 (21.6%) 0.00 700
    2019-10-01 $341,350 (26.5%) $455,543 (21.9%) 0.00 712
    2019-11-01 $345,000 (25.5%) $465,694 (24.1%) 0.00 714
    2019-12-01 $360,750 (31.2%) $492,603 (28.4%) 0.00 668
    2020-01-01 $364,900 (32.7%) $500,434 (29.8%) 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 (23.6%) 0.00 580
    2020-04-01 $354,950 (18.4%) $495,905 (16.4%) 0.00 714
    2020-05-01 $370,000 (21.8%) $504,554 (17.6%) 0.00 689
    2020-06-01 $399,900 (23.1%) $519,150 (18.4%) 0.00 641
    2020-07-01 $422,075 (33.9%) $554,793 (27.6%) 0.00 583
    2020-08-01 $440,000 (36.8%) $570,832 (30.5%) 0.00 500
    2020-09-01 $452,225 (36.5%) $594,777 (32.7%) 0.00 396
    2020-10-01 $469,900 (37.7%) $627,437 (37.7%) 0.00 330
    2020-11-01 $439,950 (27.5%) $600,499 (29.0%) 0.00 319
    2020-12-01 $479,475 (32.9%) $642,331 (30.4%) 0.00 325
    2021-01-01 $489,900 (34.3%) $655,255 (30.9%) 0.00 305
    2021-02-01 $650,000 (75.7%) $690,111 (36.1%) 0.00 378
    2021-03-01 $650,000 (76.3%) $707,864 (39.4%) 0.00 403
    2021-04-01 $650,000 (83.1%) $716,973 (44.6%) 0.00 450
    2021-05-01 $650,000 (75.7%) $712,609 (41.2%) 0.00 475
    2021-06-01 $589,450 (47.4%) $725,550 (39.8%) 0.00 436
    2021-07-01 $591,950 (40.3%) $729,703 (31.5%) 0.00 465
    2021-08-01 $586,175 (33.2%) $734,731 (28.7%) 0.00 451
    2021-09-01 $539,750 (19.4%) $710,110 (19.4%) 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 (37.9%) 0.00 369
    2021-12-01 $662,000 (38.1%) $816,802 (27.2%) 0.00 364
    2022-01-01 $698,500 (42.6%) $810,495 (23.7%) 0.00 322
    2022-02-01 $729,900 (12.3%) $892,658 (29.4%) 0.00 327
    2022-03-01 $745,988 (14.8%) $962,844 (36.0%) 0.00 365
    2022-04-01 $765,000 (17.7%) $1,003,311 (39.9%) 0.00 479
    2022-05-01 $784,125 (20.6%) $972,278 (36.4%) 0.00 691
    2022-06-01 $760,830 (29.1%) $946,258 (30.4%) 0.00 898
    2022-07-01 $749,900 (26.7%) $927,273 (27.1%) 0.00 1,016
    2022-08-01 $744,425 (27.0%) $917,608 (24.9%) 0.00 997
    2022-09-01 $724,725 (34.3%) $907,424 (27.8%) 0.00 969
    2022-10-01 $744,450 (32.0%) $920,186 (17.8%) 0.00 949
    2022-11-01 $731,750 (22.0%) $907,702 (9.6%) 0.00 887
    2022-12-01 $724,950 (9.5%) $902,090 (10.4%) 0.00 780
    2023-01-01 $749,900 (7.4%) $916,024 (13.0%) 0.00 678
    2023-02-01 $749,450 (2.7%) $919,670 (3.0%) 0.00 675
    2023-03-01 $749,452 (0.5%) $933,394 (-3.1%) 0.00 691
    2023-04-01 $749,900 (-2.0%) $944,045 (-5.9%) 0.00 764
    2023-05-01 $738,725 (-5.8%) $926,154 (-4.7%) 0.00 869
    2023-06-01 $742,177 (-2.5%) $936,492 (-1.0%) 0.00 986
    2023-07-01 $745,000 (-0.7%) $935,431 (0.9%) 0.00 1,017
    2023-08-01 $730,000 (-1.9%) $915,183 (-0.3%) 0.00 1,119
    2023-09-01 $730,000 (0.7%) $929,347 (2.4%) 0.00 1,152
    2023-10-01 $749,000 (0.6%) $931,495 (1.2%) 0.00 1,141
    2023-11-01 $726,950 (-0.7%) $918,577 (1.2%) 0.00 1,161
    2023-12-01 $739,450 (2.0%) $926,584 (2.7%) 0.00 1,153
    2024-01-01 $739,950 (-1.3%) $916,925 (0.1%) 0.00 1,048
    2024-02-01 $725,750 (-3.2%) $883,691 (-3.9%) 0.00 1,095
    2024-03-01 $700,000 (-6.6%) $869,526 (-6.8%) 0.00 1,208
    2024-04-01 $699,900 (-6.7%) $882,803 (-6.5%) 0.00 1,388
    2024-05-01 $699,900 (-5.3%) $893,787 (-3.5%) 0.00 1,499
    2024-06-01 $699,900 (-5.7%) $885,164 (-5.5%) 0.00 1,580
    2024-07-01 $698,525 (-6.2%) $874,955 (-6.5%) 0.00 1,641
    2024-08-01 $699,000 (-4.3%) $875,143 (-4.4%) 0.00 1,621
    2024-09-01 $699,200 (-4.2%) $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 (-4.5%) $868,381 (-5.5%) 0.00 1,673
    2024-12-01 $682,500 (-7.7%) $865,227 (-6.6%) 0.00 1,585
    2025-01-01 $677,450 (-8.5%) $859,820 (-6.2%) 0.00 1,413
    Sevierville's median listing price for 2025-01-01 was $677,450, a difference of $-62,500 (-8.5%) versus the prior year and $-5,050 versus the prior month.

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

    Sevierville's average listing price for 2025-01-01 was $859,820, a difference of $-57,105 (-6.2%) versus the prior year and $-5,407 versus the prior month.

    For the 2025-01-01 period, Sevierville had 1,413 MLS listings, a difference of -172 listings (-11%) versus the prior month and 365 listings (35%) 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 1,899 sqft
    2018-03-01 0 days 1,851 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 1,949 sqft
    2018-12-01 0 days 1,970 sqft
    2019-01-01 0 days 1,961 sqft
    2019-02-01 0 days 2,009 sqft
    2019-03-01 0 days 2,076 sqft
    2019-04-01 0 days 2,095 sqft
    2019-05-01 0 days 2,083 sqft
    2019-06-01 0 days 2,074 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 2,125 sqft
    2019-11-01 0 days 2,076 sqft
    2019-12-01 0 days 2,138 sqft
    2020-01-01 0 days 2,149 sqft
    2020-02-01 0 days 2,088 sqft
    2020-03-01 0 days 2,094 sqft
    2020-04-01 0 days 1,999 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 2,271 sqft
    2020-09-01 0 days 2,191 sqft
    2020-10-01 0 days 2,237 sqft
    2020-11-01 0 days 2,167 sqft
    2020-12-01 0 days 2,294 sqft
    2021-01-01 0 days 2,241 sqft
    2021-02-01 0 days 2,398 sqft
    2021-03-01 0 days 2,427 sqft
    2021-04-01 0 days 2,327 sqft
    2021-05-01 0 days 2,209 sqft
    2021-06-01 0 days 2,106 sqft
    2021-07-01 0 days 2,088 sqft
    2021-08-01 0 days 2,095 sqft
    2021-09-01 0 days 2,036 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 2,069 sqft
    2022-04-01 0 days 2,088 sqft
    2022-05-01 0 days 2,073 sqft
    2022-06-01 0 days 2,038 sqft
    2022-07-01 0 days 2,031 sqft
    2022-08-01 0 days 2,008 sqft
    2022-09-01 0 days 2,021 sqft
    2022-10-01 0 days 2,080 sqft
    2022-11-01 0 days 2,054 sqft
    2022-12-01 0 days 2,061 sqft
    2023-01-01 0 days 2,044 sqft
    2023-02-01 0 days 2,026 sqft
    2023-03-01 0 days 2,020 sqft
    2023-04-01 0 days 2,046 sqft
    2023-05-01 0 days 2,040 sqft
    2023-06-01 0 days 2,035 sqft
    2023-07-01 0 days 2,043 sqft
    2023-08-01 0 days 2,038 sqft
    2023-09-01 0 days 2,052 sqft
    2023-10-01 0 days 2,051 sqft
    2023-11-01 0 days 2,025 sqft
    2023-12-01 0 days 2,016 sqft
    2024-01-01 0 days 1,970 sqft
    2024-02-01 0 days 1,918 sqft
    2024-03-01 0 days 1,916 sqft
    2024-04-01 0 days 1,924 sqft
    2024-05-01 0 days 1,949 sqft
    2024-06-01 0 days 1,939 sqft
    2024-07-01 0 days 1,936 sqft
    2024-08-01 0 days 1,981 sqft
    2024-09-01 0 days 2,003 sqft
    2024-10-01 0 days 2,001 sqft
    2024-11-01 0 days 2,000 sqft
    2024-12-01 0 days 1,983 sqft
    2025-01-01 0 days 1,937 sqft
    Sevierville's median listing age (time on market) for 2025-01-01 was 0 days.

    Sevierville's median square footage for active listings during the 2025-01-01 period was 1,937 sqft. One year prior, the average listing was 1,970 sqft.