Sevierville VA Loan Rates, Closing Costs & Stats

Sevierville, TN

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 61 lenders originated 183 VA loans during 2022. The total origination value was $58,625,000, with an average VA loan value of $320,355.

Sevierville VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Sevierville averaged 0.16% for the week of 2024-02-23, compared to the national average (all VA variants) of 0% for the same period.

Sevierville's average VA mortgage closing costs are $5,520.

The average rate for the prior week (2024-02-16) was 6.64% and one month ago for the week of 2024-01-19, the average rate was 6.5%.

The average rate one year ago was 6.01%.

For refis of the same type during the week of 2024-02-23, the average rate was -0.73%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 17 5.18% $7,020
QUICKEN LOANS, LLC 16 4.01% $9,646
FREEDOM MORTGAGE CORPORATION 9 3.81% $12,172
NEW DAY FINANCIAL, LLC 9 4.09% $10,070
UNITED WHOLESALE MORTGAGE, LLC 9 4.31% $11,422
FIRST COMMUNITY MORTGAGE, INC. 8 4.05% $5,261
PENNYMAC LOAN SERVICES, LLC 7 3.61% $6,161
NAVY FEDERAL CREDIT UNION 5 3.40% $2,582
MOVEMENT MORTGAGE, LLC 5 4.85% $8,500
CALIBER HOME LOANS, INC. 4 4.99% $12,939
AMERISAVE MORTGAGE CORPORATION 4 4.44% $10,670
MORTGAGE INVESTORS GROUP, INC. 4 4.78% $3,766
CROSSCOUNTRY MORTGAGE, LLC 3 4.46% $22,114
USAA Federal Savings Bank 3 4.63% $6,507
CARDINAL FINANCIAL 3 4.25% $12,741
Mr. Cooper ( Nationstar Mortgage ) 3 5.33% $8,046
Carrington Mortgage Services, LLC 3 4.42% $8,595
CLEARPATH LENDING 3 4.08% $14,057
DHI MORTGAGE COMPANY, LTD. 2 4.37% $6,524
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 4.00% $6,651
BNC National Bank 2 4.81% $12,329
BROKER SOLUTIONS, INC. 2 3.56% $9,069
Citizens Bank 2 4.25% $7,841
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 3.38% $6,632
GUARANTEED RATE, INC. 2 2.81% $6,707
HOME POINT FINANCIAL CORPORATION 2 6.06% $4,922
LADERA LENDING, INC. 2 4.13% $7,651
RELIANCE FIRST CAPITAL, LLC 2 5.63% $5,838
Truist 2 5.86% $4,218
Magnolia Bank 1 2.63% $9,928
Hometown Lenders, Inc. 1 3.88% $15,385
HOMESTAR FINANCIAL CORPORATION 1 3.50% $9,721
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 4.38% $19,810
GUILD MORTGAGE COMPANY 1 5.63% $5,950
Gateway First Bank 1 5.13% $8,316
MUTUAL OF OMAHA MORTGAGE, INC. 1 4.63% $7,021
Nations Lending Corporation 1 3.75% $13,582
Flagstar Bank, FSB 1 5.75% $12,012
NBKC BANK 1 4.75% $25,446
FirstBank 1 4.25% $16,454
NEWREZ LLC 1 4.75% $15,635
North American Savings Bank, F.S.B. 1 2.75% $6,169
AMERICAN FINANCIAL RESOURCES, INC. 1 5.13% $4,914
PENTAGON FEDERAL CREDIT UNION 1 6.13% $3,627
PLANET HOME LENDING, LLC 1 4.75% $17,314
PNC Bank 1 3.75% $1,435
Princeton Mortgage Corporation 1 4.38% $4,679
Bell Bank 1 5.00% $15,917
RANLIFE, INC. 1 3.63% $5,310
Waterstone Mortgage Corporation 1 3.25% $11,661
ROYAL UNITED MORTGAGE LLC 1 3.75% $6,877
STOCKTON MORTGAGE CORPORATION 1 3.75% $6,482
SUCCESS MORTGAGE PARTNERS, INC. 1 5.75% $10,654
SUN WEST MORTGAGE COMPANY, INC. 1 3.25% $2,911
The Federal Savings Bank 1 5.88% $16,452
Wolfe Financial, Inc 1 5.63% $703
Armed Forces Bank 1 2.75% $4,231
AMERICAN MORTGAGE SERVICE COMPANY 1 3.25% $10,983
U.S. Bank 1 3.38% $5,498
LAKEVIEW LOAN SERVICING, LLC 1 2.50% $5,175
LOANDEPOT.COM, LLC 1 4.88% $4,313

The top Sevierville VA lender as defined by loan originations is Mortgage Research Center, LLC, with 17 VA loans originated. Their average total fees are $7,020, which is $2,627 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Sevierville VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($7,020), QUICKEN LOANS, LLC ($9,646), .

The lowest rate Sevierville VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.01%), Mortgage Research Center, LLC (5.18%), .


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
Sevierville's median listing price for 2023-12-01 was $735,900, a difference of $10,900 (1.5%) versus the prior year and $10,950 versus the prior month.

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

Sevierville's average listing price for 2023-12-01 was $926,109, a difference of $24,199 (2.7%) versus the prior year and $8,041 versus the prior month.

For the 2023-12-01 period, Sevierville had 1,154 MLS listings, a difference of -9 listings (-1%) versus the prior month and 373 listings (48%) 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
Sevierville's median listing age (time on market) for 2023-12-01 was 0 days.

Sevierville's median square footage for active listings during the 2023-12-01 period was 2,016 sqft. One year prior, the average listing was 2,057 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.