Bowling Green FHA Loan Rates, Closing Costs & Stats
BOWLING GREEN, KY
FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.
FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.
While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.
For additional requirements as defined by the FHA, click here.
Bowling Green's 74 lenders originated 516 FHA loans during 2023. The total origination value was $120,260,000, with an average FHA loan value of $233,062.
Bowling Green FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Bowling Green
averaged
6.37%
for the week of 2025-02-14, compared to the national average (all FHA variants) of
6.515% for the same period.
Bowling Green's average FHA mortgage closing costs are $6,998.
The average rate for the prior week (2025-02-07) was
6.38% and
one month ago for the week of 2025-01-10, the
average rate was 6.54%.
The average rate one year ago was 6.47%.
For refis of the same type during the week of 2025-02-14, the average rate
was 6.54%.
Bowling Green FHA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bowling Green level.
The top Bowling Green FHA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with
110 FHA loans originated. Their average total fees are
$10,854, which is $960
higher than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Bowling Green FHA lenders (with over 10 loans originated) are
RUOFF MORTGAGE COMPANY, INC. ($6,863), SOUTH CENTRAL BANK, INC. ($7,456), EVANSVILLE TEACHERS ($8,207), EVERETT FINANCIAL, INC. ($9,247) and FBC MORTGAGE, LLC ($9,617).
The lowest rate Bowling Green FHA lenders (with over 10 loans originated) are
FBC MORTGAGE, LLC (4.94%), Century Mortgage Company DBA Century Lending Company (6.25%), QUICKEN LOANS, LLC (6.28%), UNITED WHOLESALE MORTGAGE, LLC (6.40%) and HOMESIDE FINANCIAL, LLC (6.49%).
Bowling Green FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
BOWLING GREEN, KY | ALLEN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
BOWLING GREEN, KY | BUTLER | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
BOWLING GREEN, KY | EDMONSON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
BOWLING GREEN, KY | WARREN | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
BOWLING GREEN, KY | ALLEN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
BOWLING GREEN, KY | BUTLER | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
BOWLING GREEN, KY | EDMONSON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
BOWLING GREEN, KY | WARREN | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Bowling Green (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 | $227,450 (1.1%) | $292,287 (2.2%) | 0.84 | 571 |
2018-02-01 | $236,975 (2.0%) | $295,081 (-0.7%) | 0.86 | 558 |
2018-03-01 | $239,900 (-3.6%) | $292,594 (-3.2%) | 0.84 | 572 |
2018-04-01 | $239,900 (-1.5%) | $298,862 (-0.2%) | 0.81 | 589 |
2018-05-01 | $241,331 (-2.2%) | $302,945 (-0.2%) | 0.80 | 627 |
2018-06-01 | $255,000 (0.5%) | $309,629 (-0.4%) | 0.86 | 640 |
2018-07-01 | $267,100 (6.9%) | $319,404 (6.5%) | 0.90 | 656 |
2018-08-01 | $269,925 (8.0%) | $322,802 (5.9%) | 0.90 | 694 |
2018-09-01 | $264,900 (10.4%) | $318,081 (4.2%) | 0.89 | 715 |
2018-10-01 | $257,450 (8.5%) | $308,641 (1.1%) | 0.87 | 753 |
2018-11-01 | $249,900 (9.0%) | $300,328 (0.7%) | 0.85 | 778 |
2018-12-01 | $249,900 (13.6%) | $303,014 (4.5%) | 0.86 | 746 |
2019-01-01 | $254,875 (12.1%) | $305,582 (4.6%) | 0.88 | 660 |
2019-02-01 | $258,400 (9.0%) | $306,360 (3.8%) | 0.87 | 682 |
2019-03-01 | $264,186 (10.1%) | $312,771 (6.9%) | 0.86 | 681 |
2019-04-01 | $266,710 (11.2%) | $313,765 (5.0%) | 0.85 | 701 |
2019-05-01 | $269,900 (11.8%) | $313,896 (3.6%) | 0.84 | 741 |
2019-06-01 | $269,900 (5.8%) | $308,772 (-0.3%) | 0.84 | 761 |
2019-07-01 | $260,552 (-2.5%) | $299,686 (-6.2%) | 0.82 | 788 |
2019-08-01 | $253,536 (-6.1%) | $293,867 (-9.0%) | 0.80 | 790 |
2019-09-01 | $251,491 (-5.1%) | $289,566 (-9.0%) | 0.80 | 795 |
2019-10-01 | $249,900 (-2.9%) | $287,992 (-6.7%) | 0.81 | 806 |
2019-11-01 | $249,700 (-0.1%) | $291,097 (-3.1%) | 0.82 | 820 |
2019-12-01 | $249,900 (0.0%) | $299,345 (-1.2%) | 0.83 | 688 |
2020-01-01 | $251,400 (-1.4%) | $299,400 (-2.0%) | 0.85 | 629 |
2020-02-01 | $259,900 (0.6%) | $304,465 (-0.6%) | 0.85 | 609 |
2020-03-01 | $259,900 (-1.6%) | $310,925 (-0.6%) | 0.82 | 586 |
2020-04-01 | $258,300 (-3.2%) | $306,743 (-2.2%) | 0.81 | 599 |
2020-05-01 | $259,900 (-3.7%) | $306,180 (-2.5%) | 0.79 | 577 |
2020-06-01 | $262,175 (-2.9%) | $318,057 (3.0%) | 0.78 | 522 |
2020-07-01 | $269,900 (3.6%) | $320,927 (7.1%) | 0.78 | 473 |
2020-08-01 | $269,900 (6.5%) | $326,147 (11.0%) | 0.77 | 440 |
2020-09-01 | $268,850 (6.9%) | $336,722 (16.3%) | 0.77 | 414 |
2020-10-01 | $264,900 (6.0%) | $336,112 (16.7%) | 0.76 | 385 |
2020-11-01 | $244,725 (-2.0%) | $305,209 (4.9%) | 0.72 | 397 |
2020-12-01 | $239,900 (-4.0%) | $300,275 (0.3%) | 0.71 | 381 |
2021-01-01 | $249,900 (-0.6%) | $307,529 (2.7%) | 0.75 | 335 |
2021-02-01 | $249,225 (-4.1%) | $304,296 (-0.1%) | 0.73 | 281 |
2021-03-01 | $253,675 (-2.4%) | $311,551 (0.2%) | 0.72 | 286 |
2021-04-01 | $262,400 (1.6%) | $328,906 (7.2%) | 0.71 | 229 |
2021-05-01 | $269,900 (3.9%) | $354,912 (15.9%) | 0.72 | 224 |
2021-06-01 | $265,925 (1.4%) | $357,171 (12.3%) | 0.70 | 237 |
2021-07-01 | $269,900 (0.0%) | $370,789 (15.5%) | 0.71 | 287 |
2021-08-01 | $287,175 (6.4%) | $372,681 (14.3%) | 0.76 | 318 |
2021-09-01 | $285,000 (6.0%) | $371,162 (10.2%) | 0.76 | 346 |
2021-10-01 | $285,000 (7.6%) | $376,347 (12.0%) | 0.76 | 359 |
2021-11-01 | $296,950 (21.3%) | $381,733 (25.1%) | 0.79 | 359 |
2021-12-01 | $299,225 (24.7%) | $381,791 (27.2%) | 0.81 | 314 |
2022-01-01 | $289,900 (16.0%) | $378,813 (23.2%) | 0.78 | 254 |
2022-02-01 | $297,950 (19.6%) | $372,264 (22.3%) | 0.77 | 226 |
2022-03-01 | $297,450 (17.3%) | $396,530 (27.3%) | 0.75 | 188 |
2022-04-01 | $309,900 (18.1%) | $405,316 (23.2%) | 0.74 | 199 |
2022-05-01 | $305,200 (13.1%) | $402,446 (13.4%) | 0.70 | 223 |
2022-06-01 | $324,900 (22.2%) | $401,342 (12.4%) | 0.72 | 270 |
2022-07-01 | $329,900 (22.2%) | $395,778 (6.7%) | 0.74 | 354 |
2022-08-01 | $334,131 (16.4%) | $397,923 (6.8%) | 0.77 | 355 |
2022-09-01 | $338,813 (18.9%) | $399,218 (7.6%) | 0.79 | 359 |
2022-10-01 | $338,900 (18.9%) | $408,910 (8.7%) | 0.79 | 399 |
2022-11-01 | $331,098 (11.5%) | $658,892 (72.6%) | 0.79 | 435 |
2022-12-01 | $323,450 (8.1%) | $393,807 (3.2%) | 0.80 | 417 |
2023-01-01 | $318,950 (10.0%) | $392,463 (3.6%) | 0.79 | 383 |
2023-02-01 | $329,650 (10.6%) | $397,143 (6.7%) | 0.80 | 397 |
2023-03-01 | $329,900 (10.9%) | $400,933 (1.1%) | 0.78 | 404 |
2023-04-01 | $337,250 (8.8%) | $406,755 (0.4%) | 0.79 | 402 |
2023-05-01 | $343,950 (12.7%) | $422,198 (4.9%) | 0.79 | 416 |
2023-06-01 | $352,750 (8.6%) | $427,775 (6.6%) | 0.79 | 464 |
2023-07-01 | $345,000 (4.6%) | $422,066 (6.6%) | 0.78 | 489 |
2023-08-01 | $337,400 (1.0%) | $413,544 (3.9%) | 0.77 | 524 |
2023-09-01 | $324,900 (-4.1%) | $401,046 (0.5%) | 0.76 | 545 |
2023-10-01 | $325,725 (-3.9%) | $393,542 (-3.8%) | 0.77 | 573 |
2023-11-01 | $318,175 (-3.9%) | $383,193 (-41.8%) | 0.76 | 594 |
2023-12-01 | $304,950 (-5.7%) | $369,252 (-6.2%) | 0.74 | 603 |
2024-01-01 | $309,400 (-3.0%) | $366,644 (-6.6%) | 0.76 | 571 |
2024-02-01 | $309,900 (-6.0%) | $371,778 (-6.4%) | 0.75 | 584 |
2024-03-01 | $314,900 (-4.6%) | $385,711 (-3.8%) | 0.74 | 598 |
2024-04-01 | $324,400 (-3.8%) | $394,698 (-3.0%) | 0.76 | 624 |
2024-05-01 | $324,900 (-5.5%) | $397,782 (-5.8%) | 0.73 | 621 |
2024-06-01 | $324,900 (-7.9%) | $391,528 (-8.5%) | 0.73 | 660 |
2024-07-01 | $322,450 (-6.5%) | $384,721 (-8.9%) | 0.74 | 709 |
2024-08-01 | $315,000 (-6.6%) | $382,895 (-7.4%) | 0.73 | 729 |
2024-09-01 | $315,000 (-3.1%) | $380,546 (-5.1%) | 0.74 | 762 |
2024-10-01 | $313,400 (-3.8%) | $376,296 (-4.4%) | 0.74 | 772 |
2024-11-01 | $314,500 (-1.2%) | $372,854 (-2.7%) | 0.75 | 812 |
2024-12-01 | $314,375 (3.1%) | $366,277 (-0.8%) | 0.78 | 760 |
2025-01-01 | $314,500 (1.7%) | $366,661 (0.0%) | 0.00 | 727 |
Bowling Green's median listing price comes in at 0% of the national average.
Bowling Green's average listing price for 2025-01-01 was $366,661, a difference of $17 (0.0%) versus the prior year and $384 versus the prior month.
For the 2025-01-01 period, Bowling Green had 727 MLS listings, a difference of -33 listings (-4%) versus the prior month and 156 listings (27%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Bowling Green (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 94 days | 2,001 sqft |
2018-02-01 | 94 days | 2,004 sqft |
2018-03-01 | 67 days | 2,003 sqft |
2018-04-01 | 60 days | 2,058 sqft |
2018-05-01 | 59 days | 2,069 sqft |
2018-06-01 | 54 days | 2,173 sqft |
2018-07-01 | 58 days | 2,214 sqft |
2018-08-01 | 61 days | 2,283 sqft |
2018-09-01 | 68 days | 2,250 sqft |
2018-10-01 | 71 days | 2,194 sqft |
2018-11-01 | 73 days | 2,122 sqft |
2018-12-01 | 85 days | 2,100 sqft |
2019-01-01 | 88 days | 2,100 sqft |
2019-02-01 | 87 days | 2,100 sqft |
2019-03-01 | 81 days | 2,146 sqft |
2019-04-01 | 74 days | 2,170 sqft |
2019-05-01 | 63 days | 2,180 sqft |
2019-06-01 | 59 days | 2,181 sqft |
2019-07-01 | 61 days | 2,163 sqft |
2019-08-01 | 62 days | 2,090 sqft |
2019-09-01 | 66 days | 2,067 sqft |
2019-10-01 | 68 days | 2,053 sqft |
2019-11-01 | 71 days | 2,035 sqft |
2019-12-01 | 81 days | 2,012 sqft |
2020-01-01 | 95 days | 2,011 sqft |
2020-02-01 | 99 days | 2,049 sqft |
2020-03-01 | 76 days | 2,072 sqft |
2020-04-01 | 68 days | 2,029 sqft |
2020-05-01 | 74 days | 2,011 sqft |
2020-06-01 | 75 days | 2,047 sqft |
2020-07-01 | 73 days | 2,062 sqft |
2020-08-01 | 68 days | 2,075 sqft |
2020-09-01 | 55 days | 2,054 sqft |
2020-10-01 | 57 days | 2,000 sqft |
2020-11-01 | 51 days | 1,856 sqft |
2020-12-01 | 58 days | 1,844 sqft |
2021-01-01 | 73 days | 1,862 sqft |
2021-02-01 | 66 days | 1,796 sqft |
2021-03-01 | 45 days | 1,834 sqft |
2021-04-01 | 39 days | 1,812 sqft |
2021-05-01 | 38 days | 1,860 sqft |
2021-06-01 | 32 days | 1,798 sqft |
2021-07-01 | 31 days | 1,850 sqft |
2021-08-01 | 32 days | 1,900 sqft |
2021-09-01 | 37 days | 1,914 sqft |
2021-10-01 | 44 days | 1,866 sqft |
2021-11-01 | 49 days | 1,955 sqft |
2021-12-01 | 52 days | 1,988 sqft |
2022-01-01 | 65 days | 1,851 sqft |
2022-02-01 | 50 days | 1,813 sqft |
2022-03-01 | 37 days | 1,821 sqft |
2022-04-01 | 26 days | 1,830 sqft |
2022-05-01 | 31 days | 1,854 sqft |
2022-06-01 | 31 days | 1,963 sqft |
2022-07-01 | 33 days | 2,008 sqft |
2022-08-01 | 46 days | 1,940 sqft |
2022-09-01 | 49 days | 1,943 sqft |
2022-10-01 | 45 days | 1,979 sqft |
2022-11-01 | 52 days | 1,950 sqft |
2022-12-01 | 64 days | 1,940 sqft |
2023-01-01 | 79 days | 1,930 sqft |
2023-02-01 | 62 days | 1,917 sqft |
2023-03-01 | 51 days | 1,919 sqft |
2023-04-01 | 58 days | 1,925 sqft |
2023-05-01 | 53 days | 1,961 sqft |
2023-06-01 | 46 days | 1,977 sqft |
2023-07-01 | 47 days | 1,914 sqft |
2023-08-01 | 51 days | 1,899 sqft |
2023-09-01 | 54 days | 1,825 sqft |
2023-10-01 | 63 days | 1,817 sqft |
2023-11-01 | 68 days | 1,801 sqft |
2023-12-01 | 74 days | 1,723 sqft |
2024-01-01 | 79 days | 1,735 sqft |
2024-02-01 | 67 days | 1,748 sqft |
2024-03-01 | 52 days | 1,750 sqft |
2024-04-01 | 52 days | 1,770 sqft |
2024-05-01 | 54 days | 1,808 sqft |
2024-06-01 | 51 days | 1,793 sqft |
2024-07-01 | 51 days | 1,748 sqft |
2024-08-01 | 60 days | 1,717 sqft |
2024-09-01 | 61 days | 1,704 sqft |
2024-10-01 | 64 days | 1,700 sqft |
2024-11-01 | 69 days | 1,694 sqft |
2024-12-01 | 80 days | 1,691 sqft |
2025-01-01 | 0 days | 1,693 sqft |
Bowling Green's median square footage for active listings during the 2025-01-01 period was 1,693 sqft. One year prior, the average listing was 1,735 sqft.