Union City USDA Loan Rates, Closing Costs & Stats

Union City, 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.

    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 6.31% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Union City's average USDA mortgage closing costs are $3,856.

    The average rate for the prior week (2024-12-06) was 6.15% and one month ago for the week of 2024-11-08, the average rate was 6.36%.

    The average rate one year ago was 6.53%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.1%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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
    2024-04-01 $199,950 (6.9%) $283,735 (24.5%) 0.00 58
    2024-05-01 $229,450 (30.2%) $351,017 (73.3%) 0.00 61
    2024-06-01 $229,900 (29.2%) $326,463 (60.9%) 0.00 67
    2024-07-01 $212,400 (20.8%) $308,122 (51.9%) 0.00 70
    2024-08-01 $229,450 (17.9%) $302,097 (38.2%) 0.00 71
    2024-09-01 $244,900 (17.2%) $300,056 (29.7%) 0.00 77
    2024-10-01 $242,425 (13.4%) $299,857 (31.0%) 0.00 77
    2024-11-01 $239,900 (14.5%) $297,775 (30.5%) 0.00 80
    Union City's median listing price for 2024-11-01 was $239,900, a difference of $30,450 (14.5%) versus the prior year and $-2,525 versus the prior month.

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

    Union City's average listing price for 2024-11-01 was $297,775, a difference of $69,571 (30.5%) versus the prior year and $-2,082 versus the prior month.

    For the 2024-11-01 period, Union City had 80 MLS listings, a difference of 3 listings (4%) versus the prior month and 25 listings (45%) 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
    2024-04-01 0 days 1,779 sqft
    2024-05-01 0 days 1,961 sqft
    2024-06-01 0 days 1,738 sqft
    2024-07-01 0 days 1,605 sqft
    2024-08-01 0 days 1,648 sqft
    2024-09-01 0 days 1,802 sqft
    2024-10-01 0 days 1,788 sqft
    2024-11-01 0 days 1,645 sqft
    Union City's median listing age (time on market) for 2024-11-01 was 0 days.

    Union City's median square footage for active listings during the 2024-11-01 period was 1,645 sqft. One year prior, the average listing was 1,636 sqft.