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
6.79%
for the week of 2023-09-22, compared to the national average (all VA variants) of
6.823% for the same period.
Sevierville's average VA mortgage closing costs are $5,520.
The average rate for the prior week (2023-09-15) was
6.87% and
one month ago for the week of 2023-08-18, the
average rate was 7.05%.
The average rate one year ago was 6.01%.
For refis of the same type during the week of 2023-09-22, the average rate
was 5.9%.
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.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $259,900 (8.3%) | $341,724 (13.0%) | 0.00 | 872 |
2018-02-01 | $259,900 (5.2%) | $340,783 (10.3%) | 0.00 | 844 |
2018-03-01 | $259,000 (3.6%) | $346,630 (8.4%) | 0.00 | 838 |
2018-04-01 | $260,169 (4.1%) | $353,483 (10.5%) | 0.00 | 818 |
2018-05-01 | $259,900 (2.0%) | $353,306 (8.8%) | 0.00 | 836 |
2018-06-01 | $264,900 (3.9%) | $356,687 (9.7%) | 0.00 | 866 |
2018-07-01 | $264,900 (3.9%) | $365,408 (12.1%) | 0.00 | 867 |
2018-08-01 | $264,900 (1.9%) | $366,439 (12.0%) | 0.00 | 875 |
2018-09-01 | $264,900 (1.9%) | $368,417 (11.1%) | 0.00 | 876 |
2018-10-01 | $269,900 (3.9%) | $373,567 (11.7%) | 0.00 | 850 |
2018-11-01 | $274,900 (6.1%) | $375,583 (12.4%) | 0.00 | 839 |
2018-12-01 | $274,900 (5.8%) | $383,549 (14.2%) | 0.00 | 798 |
2019-01-01 | $274,950 (5.8%) | $385,488 (12.8%) | 0.00 | 745 |
2019-02-01 | $277,000 (6.6%) | $397,560 (16.7%) | 0.00 | 713 |
2019-03-01 | $288,471 (11.4%) | $411,216 (18.6%) | 0.00 | 704 |
2019-04-01 | $299,900 (15.3%) | $426,971 (20.8%) | 0.00 | 692 |
2019-05-01 | $305,825 (17.7%) | $430,268 (21.8%) | 0.00 | 696 |
2019-06-01 | $324,900 (22.7%) | $439,348 (23.2%) | 0.00 | 708 |
2019-07-01 | $316,675 (19.6%) | $435,689 (19.2%) | 0.00 | 696 |
2019-08-01 | $322,200 (21.6%) | $438,419 (19.6%) | 0.00 | 687 |
2019-09-01 | $331,650 (25.2%) | $448,839 (21.8%) | 0.00 | 701 |
2019-10-01 | $341,950 (26.7%) | $455,747 (22.0%) | 0.00 | 713 |
2019-11-01 | $345,000 (25.5%) | $466,357 (24.2%) | 0.00 | 714 |
2019-12-01 | $362,475 (31.9%) | $493,192 (28.6%) | 0.00 | 669 |
2020-01-01 | $365,000 (32.8%) | $501,190 (30.0%) | 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 (23.5%) | 0.00 | 580 |
2020-04-01 | $354,950 (18.4%) | $496,226 (16.2%) | 0.00 | 713 |
2020-05-01 | $370,000 (21.0%) | $504,554 (17.3%) | 0.00 | 689 |
2020-06-01 | $399,900 (23.1%) | $519,150 (18.2%) | 0.00 | 641 |
2020-07-01 | $422,100 (33.3%) | $554,973 (27.4%) | 0.00 | 584 |
2020-08-01 | $440,000 (36.6%) | $571,248 (30.3%) | 0.00 | 501 |
2020-09-01 | $454,725 (37.1%) | $595,175 (32.6%) | 0.00 | 398 |
2020-10-01 | $469,900 (37.4%) | $627,881 (37.8%) | 0.00 | 331 |
2020-11-01 | $440,000 (27.5%) | $600,852 (28.8%) | 0.00 | 320 |
2020-12-01 | $479,725 (32.4%) | $642,511 (30.3%) | 0.00 | 325 |
2021-01-01 | $489,950 (34.2%) | $655,410 (30.8%) | 0.00 | 305 |
2021-02-01 | $650,000 (75.7%) | $689,288 (35.9%) | 0.00 | 379 |
2021-03-01 | $650,000 (76.3%) | $708,768 (39.6%) | 0.00 | 405 |
2021-04-01 | $650,000 (83.1%) | $719,844 (45.1%) | 0.00 | 456 |
2021-05-01 | $650,000 (75.7%) | $714,564 (41.6%) | 0.00 | 478 |
2021-06-01 | $592,450 (48.2%) | $727,890 (40.2%) | 0.00 | 441 |
2021-07-01 | $595,000 (41.0%) | $731,230 (31.8%) | 0.00 | 469 |
2021-08-01 | $592,450 (34.7%) | $734,984 (28.7%) | 0.00 | 462 |
2021-09-01 | $542,000 (19.2%) | $710,654 (19.4%) | 0.00 | 434 |
2021-10-01 | $569,900 (21.3%) | $781,408 (24.5%) | 0.00 | 406 |
2021-11-01 | $599,937 (36.4%) | $826,432 (37.5%) | 0.00 | 375 |
2021-12-01 | $662,281 (38.1%) | $815,572 (26.9%) | 0.00 | 369 |
2022-01-01 | $699,000 (42.7%) | $808,023 (23.3%) | 0.00 | 329 |
2022-02-01 | $729,900 (12.3%) | $889,001 (29.0%) | 0.00 | 336 |
2022-03-01 | $749,950 (15.4%) | $960,341 (35.5%) | 0.00 | 380 |
2022-04-01 | $763,750 (17.5%) | $1,000,697 (39.0%) | 0.00 | 483 |
2022-05-01 | $781,250 (20.2%) | $970,227 (35.8%) | 0.00 | 694 |
2022-06-01 | $760,830 (28.4%) | $945,407 (29.9%) | 0.00 | 901 |
2022-07-01 | $749,900 (26.0%) | $926,606 (26.7%) | 0.00 | 1,021 |
2022-08-01 | $745,000 (25.8%) | $917,549 (24.8%) | 0.00 | 1,003 |
2022-09-01 | $726,175 (34.0%) | $907,131 (27.7%) | 0.00 | 975 |
2022-10-01 | $749,000 (31.4%) | $921,706 (18.0%) | 0.00 | 951 |
2022-11-01 | $734,675 (22.5%) | $908,874 (10.0%) | 0.00 | 890 |
2022-12-01 | $725,000 (9.5%) | $903,737 (10.8%) | 0.00 | 781 |
2023-01-01 | $749,949 (7.3%) | $915,754 (13.3%) | 0.00 | 680 |
2023-02-01 | $749,450 (2.7%) | $919,428 (3.4%) | 0.00 | 677 |
2023-03-01 | $749,452 (-0.1%) | $932,953 (-2.9%) | 0.00 | 692 |
2023-04-01 | $749,900 (-1.8%) | $943,794 (-5.7%) | 0.00 | 766 |
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 (-2.0%) | $914,534 (-0.3%) | 0.00 | 1,121 |
Sevierville's median listing price comes in at 0% of the national average.
Sevierville's average listing price for 2023-08-01 was $914,534, a difference of $-3,015 (-0.3%) versus the prior year and $-20,527 versus the prior month.
For the 2023-08-01 period, Sevierville had 1,121 MLS listings, a difference of 102 listings (10%) versus the prior month and 118 listings (12%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Sevierville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 | 1,860 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 | 1,953 sqft |
2018-12-01 | 0 days | 1,971 sqft |
2019-01-01 | 0 days | 1,962 sqft |
2019-02-01 | 0 days | 2,013 sqft |
2019-03-01 | 0 days | 2,077 sqft |
2019-04-01 | 0 days | 2,096 sqft |
2019-05-01 | 0 days | 2,087 sqft |
2019-06-01 | 0 days | 2,080 sqft |
2019-07-01 | 0 days | 2,090 sqft |
2019-08-01 | 0 days | 2,112 sqft |
2019-09-01 | 0 days | 2,120 sqft |
2019-10-01 | 0 days | 2,126 sqft |
2019-11-01 | 0 days | 2,084 sqft |
2019-12-01 | 0 days | 2,144 sqft |
2020-01-01 | 0 days | 2,153 sqft |
2020-02-01 | 0 days | 2,088 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 | 2,174 sqft |
2020-12-01 | 0 days | 2,295 sqft |
2021-01-01 | 0 days | 2,246 sqft |
2021-02-01 | 0 days | 2,372 sqft |
2021-03-01 | 0 days | 2,427 sqft |
2021-04-01 | 0 days | 2,337 sqft |
2021-05-01 | 0 days | 2,210 sqft |
2021-06-01 | 0 days | 2,109 sqft |
2021-07-01 | 0 days | 2,096 sqft |
2021-08-01 | 0 days | 2,098 sqft |
2021-09-01 | 0 days | 2,038 sqft |
2021-10-01 | 0 days | 2,096 sqft |
2021-11-01 | 0 days | 2,284 sqft |
2021-12-01 | 0 days | 2,304 sqft |
2022-01-01 | 0 days | 2,058 sqft |
2022-02-01 | 0 days | 2,064 sqft |
2022-03-01 | 0 days | 2,073 sqft |
2022-04-01 | 0 days | 2,088 sqft |
2022-05-01 | 0 days | 2,069 sqft |
2022-06-01 | 0 days | 2,032 sqft |
2022-07-01 | 0 days | 2,020 sqft |
2022-08-01 | 0 days | 2,013 sqft |
2022-09-01 | 0 days | 2,019 sqft |
2022-10-01 | 0 days | 2,088 sqft |
2022-11-01 | 0 days | 2,055 sqft |
2022-12-01 | 0 days | 2,068 sqft |
2023-01-01 | 0 days | 2,043 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 | 2,034 sqft |
2023-07-01 | 0 days | 2,042 sqft |
2023-08-01 | 0 days | 2,036 sqft |
Sevierville's median square footage for active listings during the 2023-08-01 period was 2,036 sqft. One year prior, the average listing was 2,013 sqft.