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 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%.

    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%) $341,724 (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 for 2023-08-01 was $730,000, a difference of $-15,000 (-2.0%) versus the prior year and $-15,000 versus the prior month.

    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. 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 1,860 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 listing age (time on market) for 2023-08-01 was 0 days.

    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.

    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.