Sevierville VA Loan Rates, Closing Costs & Stats

Sevierville, TN

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Sevierville's 41 lenders originated 116 VA loans during 2023. The total origination value was $41,650,000, with an average VA loan value of $359,052.

    Sevierville VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Sevierville averaged 7.25% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Sevierville's average VA mortgage closing costs are $5,996.

    The average rate for the prior week (2024-04-12) was 6.98% and one month ago for the week of 2024-03-15, the average rate was 7.14%.

    The average rate one year ago was 6.43%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.97%.

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

    Sevierville VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 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 Research Center, LLC 22 6.83% $10,932
    QUICKEN LOANS, LLC 6 6.31% $9,225
    MOVEMENT MORTGAGE, LLC 6 6.21% $5,556
    UNITED WHOLESALE MORTGAGE, LLC 6 6.29% $14,394
    FREEDOM MORTGAGE CORPORATION 5 6.68% $17,445
    The Federal Savings Bank 5 6.23% $14,845
    NAVY FEDERAL CREDIT UNION 4 6.00% $5,803
    CROSSCOUNTRY MORTGAGE, LLC 4 6.23% $14,626
    CMG MORTGAGE, INC. 4 6.88% $8,265
    FIRST COMMUNITY MORTGAGE, INC. 3 5.83% $7,824
    NEW DAY FINANCIAL, LLC 3 7.63% $15,137
    USAA Federal Savings Bank 2 6.44% $23,065
    Mid-Continent Funding, Inc. 2 6.68% $8,524
    Magnolia Bank 2 6.44% $21,964
    MORTGAGE INVESTORS GROUP, INC. 2 5.94% $4,331
    Sierra Pacific Mortgage Company, Inc. 2 6.38% $16,619
    STOCKTON MORTGAGE CORPORATION 2 6.75% $10,292
    UNION HOME MORTGAGE CORP. 2 7.63% $9,766
    Pinnacle Bank 1 6.00% $20,334
    RELIANCE FIRST CAPITAL, LLC 1 7.75% $4,363
    SOUTHWEST STAGE FUNDING, LLC 1 6.88% $3,106
    Truist 1 5.50% $3,266
    Waterstone Mortgage Corporation 1 5.63% $8,550
    Nations Lending Corporation 1 6.50% $2,776
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $19,931
    BROKER SOLUTIONS, INC. 1 6.25% $5,400
    Century Mortgage Company DBA Century Lending Company 1 6.75% $13,870
    CONTOUR MORTGAGE CORPORATION 1 5.75% $49,788
    Equity Prime Mortgage LLC 1 7.25% $11,304
    FirstBank 1 6.13% $19,452
    GUILD MORTGAGE COMPANY 1 7.13% $7,288
    GVC MORTGAGE, INC. 1 5.75% $14,446
    INTERCOASTAL MORTGAGE COMPANY 1 5.88% $7,179
    LAKEVIEW LOAN SERVICING, LLC 1 5.25% $20,851
    LEADERONE FINANCIAL CORPORATION 1 7.25% $8,926
    LOANDEPOT.COM, LLC 1 6.25% $25,775
    MORTGAGEONE, INC. 1 6.63% $80
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $49,788
    NATIONS DIRECT MORTGAGE, LLC 1 6.63% $21,798
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $9,076
    NEWREZ LLC 1 6.75% $18,743

    The top Sevierville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 22 VA loans originated. Their average total fees are $10,932, which is $1,708 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Sevierville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($10,932), .

    The lowest rate Sevierville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC (6.83%), .

    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%) $340,126 (9.6%) 0.00 841
    2018-03-01 $259,000 (3.6%) $345,937 (7.6%) 0.00 837
    2018-04-01 $260,169 (4.1%) $353,688 (10.1%) 0.00 816
    2018-05-01 $259,900 (1.9%) $353,681 (8.7%) 0.00 833
    2018-06-01 $264,900 (3.9%) $357,073 (9.6%) 0.00 863
    2018-07-01 $264,900 (3.9%) $365,810 (12.0%) 0.00 864
    2018-08-01 $264,900 (1.9%) $366,851 (12.1%) 0.00 872
    2018-09-01 $264,900 (1.9%) $368,831 (11.4%) 0.00 874
    2018-10-01 $269,900 (3.9%) $374,051 (12.0%) 0.00 847
    2018-11-01 $274,900 (6.2%) $375,550 (12.6%) 0.00 836
    2018-12-01 $274,900 (5.8%) $383,867 (14.4%) 0.00 796
    2019-01-01 $274,938 (5.8%) $385,655 (13.1%) 0.00 744
    2019-02-01 $277,000 (6.6%) $397,787 (17.0%) 0.00 711
    2019-03-01 $288,471 (11.4%) $411,231 (18.9%) 0.00 702
    2019-04-01 $299,900 (15.3%) $426,505 (20.6%) 0.00 689
    2019-05-01 $306,675 (18.0%) $429,694 (21.5%) 0.00 693
    2019-06-01 $324,900 (22.7%) $438,688 (22.9%) 0.00 705
    2019-07-01 $315,225 (19.0%) $434,671 (18.8%) 0.00 694
    2019-08-01 $321,545 (21.4%) $437,605 (19.3%) 0.00 685
    2019-09-01 $331,364 (25.1%) $448,412 (21.6%) 0.00 699
    2019-10-01 $340,750 (26.3%) $455,620 (21.8%) 0.00 711
    2019-11-01 $345,000 (25.5%) $466,257 (24.2%) 0.00 712
    2019-12-01 $358,500 (30.4%) $492,863 (28.4%) 0.00 665
    2020-01-01 $363,650 (32.3%) $501,027 (29.9%) 0.00 623
    2020-02-01 $369,900 (33.5%) $507,270 (27.5%) 0.00 574
    2020-03-01 $368,746 (27.8%) $507,913 (23.5%) 0.00 580
    2020-04-01 $354,950 (18.4%) $496,226 (16.4%) 0.00 713
    2020-05-01 $370,000 (20.7%) $504,554 (17.4%) 0.00 689
    2020-06-01 $399,900 (23.1%) $519,150 (18.3%) 0.00 641
    2020-07-01 $422,100 (33.9%) $554,973 (27.7%) 0.00 584
    2020-08-01 $440,000 (36.8%) $571,248 (30.5%) 0.00 501
    2020-09-01 $454,500 (37.2%) $595,227 (32.7%) 0.00 397
    2020-10-01 $469,900 (37.9%) $627,881 (37.8%) 0.00 331
    2020-11-01 $439,975 (27.5%) $601,400 (29.0%) 0.00 319
    2020-12-01 $479,700 (33.8%) $643,380 (30.5%) 0.00 324
    2021-01-01 $489,900 (34.7%) $655,255 (30.8%) 0.00 305
    2021-02-01 $650,000 (75.7%) $689,586 (35.9%) 0.00 379
    2021-03-01 $650,000 (76.3%) $707,437 (39.3%) 0.00 403
    2021-04-01 $650,000 (83.1%) $717,195 (44.5%) 0.00 451
    2021-05-01 $650,000 (75.7%) $712,609 (41.2%) 0.00 474
    2021-06-01 $588,425 (47.1%) $725,379 (39.7%) 0.00 436
    2021-07-01 $594,000 (40.7%) $729,494 (31.5%) 0.00 466
    2021-08-01 $584,725 (32.9%) $734,006 (28.5%) 0.00 452
    2021-09-01 $540,750 (19.0%) $710,159 (19.3%) 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 (37.7%) 0.00 369
    2021-12-01 $661,975 (38.0%) $816,238 (26.9%) 0.00 364
    2022-01-01 $698,500 (42.6%) $809,366 (23.5%) 0.00 323
    2022-02-01 $729,900 (12.3%) $891,367 (29.3%) 0.00 328
    2022-03-01 $745,988 (14.8%) $961,374 (35.9%) 0.00 367
    2022-04-01 $765,000 (17.7%) $1,001,604 (39.7%) 0.00 481
    2022-05-01 $781,250 (20.2%) $970,753 (36.2%) 0.00 692
    2022-06-01 $760,830 (29.3%) $945,673 (30.4%) 0.00 899
    2022-07-01 $749,900 (26.3%) $926,731 (27.0%) 0.00 1,018
    2022-08-01 $744,425 (27.3%) $917,538 (25.0%) 0.00 998
    2022-09-01 $724,500 (34.0%) $906,635 (27.7%) 0.00 971
    2022-10-01 $744,450 (32.0%) $919,732 (17.7%) 0.00 951
    2022-11-01 $731,750 (22.0%) $907,244 (9.6%) 0.00 889
    2022-12-01 $725,000 (9.5%) $901,910 (10.5%) 0.00 781
    2023-01-01 $749,900 (7.4%) $915,260 (13.1%) 0.00 680
    2023-02-01 $749,450 (2.7%) $919,428 (3.2%) 0.00 677
    2023-03-01 $749,452 (0.5%) $932,953 (-3.0%) 0.00 692
    2023-04-01 $749,950 (-2.0%) $943,794 (-5.8%) 0.00 765
    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 (-1.9%) $914,534 (-0.3%) 0.00 1,121
    2023-09-01 $732,450 (1.1%) $928,965 (2.5%) 0.00 1,155
    2023-10-01 $749,000 (0.6%) $930,845 (1.2%) 0.00 1,144
    2023-11-01 $724,950 (-0.9%) $918,068 (1.2%) 0.00 1,163
    2023-12-01 $735,900 (1.5%) $926,109 (2.7%) 0.00 1,154
    2024-01-01 $734,950 (-2.0%) $916,425 (0.1%) 0.00 1,049
    2024-02-01 $719,575 (-4.0%) $883,139 (-4.0%) 0.00 1,097
    2024-03-01 $699,977 (-6.6%) $869,051 (-6.9%) 0.00 1,210
    Sevierville's median listing price for 2024-03-01 was $699,977, a difference of $-49,475 (-6.6%) versus the prior year and $-19,598 versus the prior month.

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

    Sevierville's average listing price for 2024-03-01 was $869,051, a difference of $-63,902 (-6.9%) versus the prior year and $-14,088 versus the prior month.

    For the 2024-03-01 period, Sevierville had 1,210 MLS listings, a difference of 113 listings (10%) versus the prior month and 518 listings (75%) 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 1,854 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 1,907 sqft
    2018-08-01 0 days 1,937 sqft
    2018-09-01 0 days 1,932 sqft
    2018-10-01 0 days 2,003 sqft
    2018-11-01 0 days 1,960 sqft
    2018-12-01 0 days 1,972 sqft
    2019-01-01 0 days 1,968 sqft
    2019-02-01 0 days 2,022 sqft
    2019-03-01 0 days 2,077 sqft
    2019-04-01 0 days 2,096 sqft
    2019-05-01 0 days 2,089 sqft
    2019-06-01 0 days 2,076 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 2,126 sqft
    2019-11-01 0 days 2,084 sqft
    2019-12-01 0 days 2,140 sqft
    2020-01-01 0 days 2,151 sqft
    2020-02-01 0 days 2,091 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 2,168 sqft
    2020-12-01 0 days 2,295 sqft
    2021-01-01 0 days 2,241 sqft
    2021-02-01 0 days 2,385 sqft
    2021-03-01 0 days 2,427 sqft
    2021-04-01 0 days 2,332 sqft
    2021-05-01 0 days 2,210 sqft
    2021-06-01 0 days 2,106 sqft
    2021-07-01 0 days 2,092 sqft
    2021-08-01 0 days 2,094 sqft
    2021-09-01 0 days 2,038 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 2,066 sqft
    2022-04-01 0 days 2,088 sqft
    2022-05-01 0 days 2,069 sqft
    2022-06-01 0 days 2,037 sqft
    2022-07-01 0 days 2,031 sqft
    2022-08-01 0 days 2,011 sqft
    2022-09-01 0 days 2,019 sqft
    2022-10-01 0 days 2,080 sqft
    2022-11-01 0 days 2,049 sqft
    2022-12-01 0 days 2,057 sqft
    2023-01-01 0 days 2,041 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 2,033 sqft
    2023-07-01 0 days 2,042 sqft
    2023-08-01 0 days 2,035 sqft
    2023-09-01 0 days 2,050 sqft
    2023-10-01 0 days 2,049 sqft
    2023-11-01 0 days 2,024 sqft
    2023-12-01 0 days 2,016 sqft
    2024-01-01 0 days 1,969 sqft
    2024-02-01 0 days 1,917 sqft
    2024-03-01 0 days 1,914 sqft
    Sevierville's median listing age (time on market) for 2024-03-01 was 0 days.

    Sevierville's median square footage for active listings during the 2024-03-01 period was 1,914 sqft. One year prior, the average listing was 2,016 sqft.

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.