Union City USDA Loan Rates, Closing Costs & Stats
Union City, 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.
Union City's 9 lenders originated 25 USDA loans during 2023. The total origination value was $3,125,000, with an average USDA loan value of $125,000.
Union City USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Union City
averaged
6.41%
for the week of 2024-04-12, compared to the national average (all USDA variants) of
6.705% for the same period.
Union City's average USDA mortgage closing costs are $3,856.
The average rate for the prior week (2024-04-05) was
6.64% and
one month ago for the week of 2024-03-08, the
average rate was 6.5%.
The average rate one year ago was 6.1%.
For refis of the same type during the week of 2024-04-12, the average rate
was 6.91%.
Union City 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 Union City level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| First Citizens National Bank | 8 | 6.20% | $4,948 |
| Leaders Credit Union | 4 | 6.91% | $2,866 |
| Simmons Bank | 3 | 5.88% | $4,807 |
| Northpointe Bank | 1 | 6.50% | $8,115 |
| Regions Bank | 1 | 6.75% | $3,986 |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | 1 | 6.13% | $6,041 |
| UNION HOME MORTGAGE CORP. | 1 | 6.88% | $2,948 |
| CRESCENT MORTGAGE COMPANY | 1 | 6.75% | $3,860 |
| FIRST COMMUNITY MORTGAGE, INC. | 1 | 7.25% | $5,612 |
The top Union City USDA lender as defined by loan originations is First Citizens National Bank, with
8 USDA loans originated. Their average total fees are
$4,948, which is $2,082
higher than the next largest lender,
Leaders Credit Union.
The lowest fee Union City USDA lenders (with over 10 loans originated) are
.
The lowest rate Union City USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Union City (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 | $114,900 (7.0%) | $140,077 (10.2%) | 0.00 | 133 |
| 2018-02-01 | $119,250 (8.5%) | $144,420 (11.7%) | 0.00 | 140 |
| 2018-03-01 | $117,450 (4.8%) | $147,965 (12.4%) | 0.00 | 147 |
| 2018-04-01 | $119,900 (4.3%) | $155,299 (17.2%) | 0.00 | 150 |
| 2018-05-01 | $119,450 (0.6%) | $148,546 (11.4%) | 0.00 | 149 |
| 2018-06-01 | $119,900 (0.4%) | $143,954 (7.7%) | 0.00 | 153 |
| 2018-07-01 | $129,600 (8.1%) | $151,712 (14.2%) | 0.00 | 156 |
| 2018-08-01 | $134,200 (9.6%) | $156,051 (15.7%) | 0.00 | 156 |
| 2018-09-01 | $120,000 (0.0%) | $151,694 (11.1%) | 0.00 | 147 |
| 2018-10-01 | $119,900 (3.9%) | $141,610 (6.4%) | 0.00 | 143 |
| 2018-11-01 | $124,750 (8.6%) | $141,972 (6.3%) | 0.00 | 141 |
| 2018-12-01 | $129,700 (13.3%) | $143,512 (4.7%) | 0.00 | 124 |
| 2019-01-01 | $122,450 (6.6%) | $137,691 (-1.7%) | 0.00 | 131 |
| 2019-02-01 | $119,900 (0.6%) | $138,251 (-4.3%) | 0.00 | 120 |
| 2019-03-01 | $131,136 (11.7%) | $146,467 (-1.0%) | 0.00 | 105 |
| 2019-04-01 | $138,411 (15.4%) | $153,418 (-1.2%) | 0.00 | 90 |
| 2019-05-01 | $131,250 (9.9%) | $151,118 (1.7%) | 0.00 | 91 |
| 2019-06-01 | $137,000 (14.3%) | $154,311 (7.2%) | 0.00 | 91 |
| 2019-07-01 | $131,825 (1.7%) | $153,921 (1.5%) | 0.00 | 88 |
| 2019-08-01 | $133,936 (-0.2%) | $155,961 (-0.1%) | 0.00 | 84 |
| 2019-09-01 | $133,916 (11.6%) | $157,211 (3.6%) | 0.00 | 77 |
| 2019-10-01 | $133,902 (11.7%) | $158,037 (11.6%) | 0.00 | 71 |
| 2019-11-01 | $133,900 (7.3%) | $154,666 (8.9%) | 0.00 | 64 |
| 2019-12-01 | $132,450 (2.1%) | $156,678 (9.2%) | 0.00 | 64 |
| 2020-01-01 | $129,900 (6.1%) | $156,161 (13.4%) | 0.00 | 67 |
| 2020-02-01 | $134,900 (12.5%) | $162,850 (17.8%) | 0.00 | 67 |
| 2020-03-01 | $132,400 (1.0%) | $172,465 (17.8%) | 0.00 | 69 |
| 2020-04-01 | $133,675 (-3.4%) | $180,381 (17.6%) | 0.00 | 61 |
| 2020-05-01 | $144,900 (10.4%) | $193,291 (27.9%) | 0.00 | 52 |
| 2020-06-01 | $149,500 (9.1%) | $189,783 (23.0%) | 0.00 | 53 |
| 2020-07-01 | $149,700 (13.6%) | $187,670 (21.9%) | 0.00 | 45 |
| 2020-08-01 | $149,500 (11.6%) | $179,827 (15.3%) | 0.00 | 39 |
| 2020-09-01 | $146,050 (9.1%) | $184,529 (17.4%) | 0.00 | 42 |
| 2020-10-01 | $147,200 (9.9%) | $187,710 (18.8%) | 0.00 | 41 |
| 2020-11-01 | $150,000 (12.0%) | $227,690 (47.2%) | 0.00 | 37 |
| 2020-12-01 | $129,900 (-1.9%) | $207,210 (32.3%) | 0.00 | 35 |
| 2021-01-01 | $149,750 (15.3%) | $224,545 (43.8%) | 0.00 | 35 |
| 2021-02-01 | $149,625 (10.9%) | $231,845 (42.4%) | 0.00 | 32 |
| 2021-03-01 | $157,875 (19.2%) | $241,690 (40.1%) | 0.00 | 26 |
| 2021-04-01 | $192,350 (43.9%) | $239,775 (32.9%) | 0.00 | 29 |
| 2021-05-01 | $182,500 (26.0%) | $239,604 (24.0%) | 0.00 | 23 |
| 2021-06-01 | $188,100 (25.8%) | $232,929 (22.7%) | 0.00 | 27 |
| 2021-07-01 | $169,000 (12.9%) | $224,741 (19.8%) | 0.00 | 30 |
| 2021-08-01 | $172,225 (15.2%) | $229,420 (27.6%) | 0.00 | 33 |
| 2021-09-01 | $145,250 (-0.6%) | $194,677 (5.5%) | 0.00 | 37 |
| 2021-10-01 | $159,950 (8.7%) | $217,995 (16.1%) | 0.00 | 34 |
| 2021-11-01 | $156,000 (4.0%) | $204,033 (-10.4%) | 0.00 | 35 |
| 2021-12-01 | $157,225 (21.0%) | $198,037 (-4.4%) | 0.00 | 33 |
| 2022-01-01 | $144,900 (-3.2%) | $171,363 (-23.7%) | 0.00 | 27 |
| 2022-02-01 | $142,450 (-4.8%) | $154,421 (-33.4%) | 0.00 | 23 |
| 2022-03-01 | $144,975 (-8.2%) | $196,055 (-18.9%) | 0.00 | 25 |
| 2022-04-01 | $145,000 (-24.6%) | $208,477 (-13.1%) | 0.00 | 20 |
| 2022-05-01 | $138,625 (-24.0%) | $189,575 (-20.9%) | 0.00 | 20 |
| 2022-06-01 | $140,575 (-25.3%) | $181,117 (-22.2%) | 0.00 | 23 |
| 2022-07-01 | $149,900 (-11.3%) | $167,162 (-25.6%) | 0.00 | 33 |
| 2022-08-01 | $169,750 (-1.4%) | $207,699 (-9.5%) | 0.00 | 39 |
| 2022-09-01 | $159,475 (9.8%) | $220,403 (13.2%) | 0.00 | 44 |
| 2022-10-01 | $159,500 (-0.3%) | $206,776 (-5.2%) | 0.00 | 50 |
| 2022-11-01 | $154,700 (-0.8%) | $200,768 (-1.6%) | 0.00 | 53 |
| 2022-12-01 | $159,900 (1.7%) | $201,811 (1.9%) | 0.00 | 55 |
| 2023-01-01 | $160,000 (10.4%) | $218,483 (27.5%) | 0.00 | 56 |
| 2023-02-01 | $165,000 (15.8%) | $220,762 (43.0%) | 0.00 | 57 |
| 2023-03-01 | $182,300 (25.8%) | $216,026 (10.2%) | 0.00 | 50 |
| 2023-04-01 | $187,000 (29.0%) | $227,838 (9.3%) | 0.00 | 42 |
| 2023-05-01 | $176,200 (27.1%) | $202,532 (6.8%) | 0.00 | 39 |
| 2023-06-01 | $177,975 (26.6%) | $202,916 (12.0%) | 0.00 | 42 |
| 2023-07-01 | $175,900 (17.3%) | $202,858 (21.4%) | 0.00 | 38 |
| 2023-08-01 | $194,688 (14.7%) | $218,562 (5.2%) | 0.00 | 45 |
| 2023-09-01 | $209,000 (31.1%) | $231,415 (5.0%) | 0.00 | 52 |
| 2023-10-01 | $213,700 (34.0%) | $228,877 (10.7%) | 0.00 | 52 |
| 2023-11-01 | $209,450 (35.4%) | $228,204 (13.7%) | 0.00 | 55 |
| 2023-12-01 | $214,900 (34.4%) | $230,335 (14.1%) | 0.00 | 53 |
| 2024-01-01 | $213,200 (33.3%) | $219,139 (0.3%) | 0.00 | 53 |
| 2024-02-01 | $197,450 (19.7%) | $202,963 (-8.1%) | 0.00 | 53 |
| 2024-03-01 | $199,999 (9.7%) | $230,179 (6.6%) | 0.00 | 55 |
Union City's median listing price comes in at 0% of the national average.
Union City's average listing price for 2024-03-01 was $230,179, a difference of $14,153 (6.6%) versus the prior year and $27,216 versus the prior month.
For the 2024-03-01 period, Union City had 55 MLS listings, a difference of 2 listings (4%) versus the prior month and 5 listings (10%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Union City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,729 sqft |
| 2018-02-01 | 0 days | 1,731 sqft |
| 2018-03-01 | 0 days | 1,796 sqft |
| 2018-04-01 | 0 days | 1,862 sqft |
| 2018-05-01 | 0 days | 1,834 sqft |
| 2018-06-01 | 0 days | 1,792 sqft |
| 2018-07-01 | 0 days | 1,809 sqft |
| 2018-08-01 | 0 days | 1,823 sqft |
| 2018-09-01 | 0 days | 1,800 sqft |
| 2018-10-01 | 0 days | 1,713 sqft |
| 2018-11-01 | 0 days | 1,684 sqft |
| 2018-12-01 | 0 days | 1,590 sqft |
| 2019-01-01 | 0 days | 1,591 sqft |
| 2019-02-01 | 0 days | 1,616 sqft |
| 2019-03-01 | 0 days | 1,694 sqft |
| 2019-04-01 | 0 days | 1,716 sqft |
| 2019-05-01 | 0 days | 1,652 sqft |
| 2019-06-01 | 0 days | 1,728 sqft |
| 2019-07-01 | 0 days | 1,718 sqft |
| 2019-08-01 | 0 days | 1,720 sqft |
| 2019-09-01 | 0 days | 1,716 sqft |
| 2019-10-01 | 0 days | 1,713 sqft |
| 2019-11-01 | 0 days | 1,701 sqft |
| 2019-12-01 | 0 days | 1,710 sqft |
| 2020-01-01 | 0 days | 1,722 sqft |
| 2020-02-01 | 0 days | 1,747 sqft |
| 2020-03-01 | 0 days | 1,745 sqft |
| 2020-04-01 | 0 days | 1,745 sqft |
| 2020-05-01 | 0 days | 1,832 sqft |
| 2020-06-01 | 0 days | 1,841 sqft |
| 2020-07-01 | 0 days | 1,769 sqft |
| 2020-08-01 | 0 days | 1,680 sqft |
| 2020-09-01 | 0 days | 1,776 sqft |
| 2020-10-01 | 0 days | 1,855 sqft |
| 2020-11-01 | 0 days | 1,914 sqft |
| 2020-12-01 | 0 days | 1,680 sqft |
| 2021-01-01 | 0 days | 1,804 sqft |
| 2021-02-01 | 0 days | 1,804 sqft |
| 2021-03-01 | 0 days | 1,758 sqft |
| 2021-04-01 | 0 days | 1,857 sqft |
| 2021-05-01 | 0 days | 1,974 sqft |
| 2021-06-01 | 0 days | 1,898 sqft |
| 2021-07-01 | 0 days | 1,644 sqft |
| 2021-08-01 | 0 days | 1,607 sqft |
| 2021-09-01 | 0 days | 1,561 sqft |
| 2021-10-01 | 0 days | 1,624 sqft |
| 2021-11-01 | 0 days | 1,687 sqft |
| 2021-12-01 | 0 days | 1,696 sqft |
| 2022-01-01 | 0 days | 1,586 sqft |
| 2022-02-01 | 0 days | 1,480 sqft |
| 2022-03-01 | 0 days | 1,531 sqft |
| 2022-04-01 | 0 days | 1,565 sqft |
| 2022-05-01 | 0 days | 1,427 sqft |
| 2022-06-01 | 0 days | 1,447 sqft |
| 2022-07-01 | 0 days | 1,337 sqft |
| 2022-08-01 | 0 days | 1,589 sqft |
| 2022-09-01 | 0 days | 1,548 sqft |
| 2022-10-01 | 0 days | 1,572 sqft |
| 2022-11-01 | 0 days | 1,563 sqft |
| 2022-12-01 | 0 days | 1,563 sqft |
| 2023-01-01 | 0 days | 1,535 sqft |
| 2023-02-01 | 0 days | 1,476 sqft |
| 2023-03-01 | 0 days | 1,509 sqft |
| 2023-04-01 | 0 days | 1,549 sqft |
| 2023-05-01 | 0 days | 1,559 sqft |
| 2023-06-01 | 0 days | 1,547 sqft |
| 2023-07-01 | 0 days | 1,518 sqft |
| 2023-08-01 | 0 days | 1,532 sqft |
| 2023-09-01 | 0 days | 1,648 sqft |
| 2023-10-01 | 0 days | 1,700 sqft |
| 2023-11-01 | 0 days | 1,636 sqft |
| 2023-12-01 | 0 days | 1,772 sqft |
| 2024-01-01 | 0 days | 1,650 sqft |
| 2024-02-01 | 0 days | 1,634 sqft |
| 2024-03-01 | 0 days | 1,756 sqft |
Union City's median square footage for active listings during the 2024-03-01 period was 1,756 sqft. One year prior, the average listing was 1,509 sqft.