Campbellsville FHA Loan Rates, Closing Costs & Stats

Campbellsville, 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.

Campbellsville's 32 lenders originated 66 FHA loans during 2022. The total origination value was $9,810,000, with an average FHA loan value of $148,636.

Campbellsville FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Campbellsville averaged -0.4% for the week of 2024-02-23, compared to the national average (all FHA variants) of 0% for the same period.

Campbellsville's average FHA mortgage closing costs are $5,683.

The average rate for the prior week (2024-02-16) was 6.24% and one month ago for the week of 2024-01-19, the average rate was 6.18%.

The average rate one year ago was 5.74%.

For refis of the same type during the week of 2024-02-23, the average rate was -0.2%.

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

Campbellsville 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 Campbellsville level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 9 4.88% $7,179
STOCKTON MORTGAGE CORPORATION 5 5.08% $7,041
Carrington Mortgage Services, LLC 4 4.91% $6,988
EVERETT FINANCIAL, INC. 4 6.00% $4,685
Mr. Cooper ( Nationstar Mortgage ) 4 4.94% $7,203
RUOFF MORTGAGE COMPANY, INC. 3 6.25% $4,432
PENNYMAC LOAN SERVICES, LLC 3 4.79% $7,872
AMERIFIRST FINANCIAL CORPORATION 2 5.13% $6,605
MORTGAGE SUPPLIERS, INC. 2 4.44% $3,422
Citizens Bank 2 4.75% $6,992
FREEDOM MORTGAGE CORPORATION 2 3.75% $6,130
Century Mortgage Company DBA Century Lending Company 2 5.25% $12,747
LOANDEPOT.COM, LLC 2 4.06% $8,503
Magnolia Bank 2 5.00% $6,824
Texana Bank 1 5.00% $8,811
The Federal Savings Bank 1 3.88% $16,574
UNITED WHOLESALE MORTGAGE, LLC 1 5.75% $11,696
U.S. Bank 1 5.13% $9,001
VICTORY MORTGAGE, L.L.C. 1 5.13% $4,411
AMERISAVE MORTGAGE CORPORATION 1 4.25% $11,375
CARDINAL FINANCIAL 1 5.75% $8,130
CMG MORTGAGE, INC. 1 5.50% $7,650
DAS Acquisition Company, LLC 1 5.25% $4,238
Equity Prime Mortgage LLC 1 7.00% $5,627
First Harrison Bank 1 6.00% $4,702
Flanagan State Bank 1 3.63% $14,420
Forcht Bank 1 6.13% $7,482
GoPrime Mortgage, Inc. 1 5.63% $8,087
GUILD MORTGAGE COMPANY 1 5.63% $10,927
Lakeview Community Capital, LLC 1 2.99% $3,771
Nations Lending Corporation 1 4.75% $12,562
Prosperity Home Mortgage, LLC 1 4.75% $3,555

The top Campbellsville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 9 FHA loans originated. Their average total fees are $7,179, which is $138 higher than the next largest lender, STOCKTON MORTGAGE CORPORATION.

The lowest fee Campbellsville FHA lenders (with over 10 loans originated) are .

The lowest rate Campbellsville FHA lenders (with over 10 loans originated) are .

Campbellsville FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
CAMPBELLSVILLE, KY GREEN 2022 $420,680 $538,650 $651,050 $809,150
CAMPBELLSVILLE, KY TAYLOR 2022 $420,680 $538,650 $651,050 $809,150
CAMPBELLSVILLE, KY GREEN 2023 $472,030 $604,400 $730,525 $907,900
CAMPBELLSVILLE, KY TAYLOR 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Campbellsville (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 $149,900 (-5.7%) $156,198 (-13.7%) 0.00 101
2018-02-01 $153,650 (-1.4%) $160,307 (-8.1%) 0.00 95
2018-03-01 $159,900 (3.9%) $164,240 (-3.3%) 0.00 88
2018-04-01 $157,175 (-0.1%) $157,264 (-15.5%) 0.00 94
2018-05-01 $159,450 (7.1%) $161,699 (-10.9%) 0.00 95
2018-06-01 $154,950 (4.1%) $154,996 (-11.2%) 0.00 95
2018-07-01 $158,000 (-3.0%) $158,286 (-10.1%) 0.00 101
2018-08-01 $149,975 (0.0%) $153,140 (-11.2%) 0.00 99
2018-09-01 $149,900 (-11.8%) $147,680 (-15.8%) 0.00 119
2018-10-01 $139,900 (-6.7%) $146,628 (-6.0%) 0.00 123
2018-11-01 $147,050 (-1.9%) $146,659 (-4.3%) 0.00 119
2018-12-01 $134,900 (-9.9%) $144,716 (-7.8%) 0.00 117
2019-01-01 $137,500 (-8.3%) $151,701 (-2.9%) 0.00 101
2019-02-01 $138,700 (-9.7%) $151,516 (-5.5%) 0.00 99
2019-03-01 $133,193 (-16.7%) $149,174 (-9.2%) 0.00 99
2019-04-01 $128,168 (-18.5%) $152,071 (-3.3%) 0.00 100
2019-05-01 $140,675 (-11.8%) $164,573 (1.8%) 0.00 90
2019-06-01 $138,000 (-10.9%) $164,286 (6.0%) 0.00 89
2019-07-01 $139,900 (-11.5%) $172,566 (9.0%) 0.00 88
2019-08-01 $140,964 (-6.0%) $179,009 (16.9%) 0.00 91
2019-09-01 $138,734 (-7.5%) $176,275 (19.4%) 0.00 98
2019-10-01 $138,248 (-1.2%) $174,552 (19.0%) 0.00 103
2019-11-01 $132,900 (-9.6%) $172,115 (17.4%) 0.00 100
2019-12-01 $124,800 (-7.5%) $162,526 (12.3%) 0.00 100
2020-01-01 $123,375 (-10.3%) $163,733 (7.9%) 0.00 99
2020-02-01 $136,250 (-1.8%) $172,750 (14.0%) 0.00 86
2020-03-01 $138,850 (4.3%) $180,433 (21.0%) 0.00 76
2020-04-01 $135,000 (5.3%) $185,300 (21.9%) 0.00 68
2020-05-01 $143,500 (2.0%) $187,122 (13.7%) 0.00 67
2020-06-01 $142,600 (3.3%) $188,578 (14.8%) 0.00 65
2020-07-01 $142,750 (2.0%) $197,431 (14.4%) 0.00 56
2020-08-01 $148,800 (5.6%) $214,984 (20.1%) 0.00 54
2020-09-01 $181,950 (31.2%) $237,488 (34.7%) 0.00 50
2020-10-01 $179,900 (30.1%) $230,834 (32.2%) 0.00 55
2020-11-01 $161,700 (21.7%) $228,061 (32.5%) 0.00 57
2020-12-01 $174,900 (40.1%) $236,936 (45.8%) 0.00 44
2021-01-01 $171,200 (38.8%) $227,717 (39.1%) 0.00 48
2021-02-01 $167,350 (22.8%) $228,141 (32.1%) 0.00 43
2021-03-01 $176,150 (26.9%) $224,603 (24.5%) 0.00 47
2021-04-01 $172,750 (28.0%) $210,254 (13.5%) 0.00 46
2021-05-01 $189,500 (32.1%) $276,360 (47.7%) 0.00 32
2021-06-01 $201,375 (41.2%) $290,330 (54.0%) 0.00 34
2021-07-01 $229,000 (60.4%) $281,621 (42.6%) 0.00 43
2021-08-01 $246,450 (65.6%) $282,066 (31.2%) 0.00 51
2021-09-01 $244,864 (34.6%) $273,843 (15.3%) 0.00 70
2021-10-01 $234,839 (30.5%) $274,045 (18.7%) 0.00 67
2021-11-01 $223,475 (38.2%) $292,019 (28.0%) 0.00 62
2021-12-01 $224,725 (28.5%) $307,180 (29.7%) 0.00 55
2022-01-01 $205,450 (20.0%) $276,194 (21.3%) 0.00 59
2022-02-01 $204,000 (21.9%) $295,052 (29.3%) 0.00 58
2022-03-01 $223,225 (26.7%) $308,255 (37.2%) 0.00 56
2022-04-01 $242,450 (40.4%) $319,353 (51.9%) 0.00 61
2022-05-01 $249,900 (31.9%) $321,978 (16.5%) 0.00 62
2022-06-01 $247,200 (22.8%) $305,030 (5.1%) 0.00 67
2022-07-01 $229,000 (0.0%) $307,416 (9.2%) 0.00 74
2022-08-01 $219,900 (-10.8%) $23,524,874 (8,240.2%) 0.00 89
2022-09-01 $227,500 (-7.1%) $311,677 (13.8%) 0.00 95
2022-10-01 $235,000 (0.1%) $304,223 (11.0%) 0.00 97
2022-11-01 $229,975 (2.9%) $293,548 (0.5%) 0.00 93
2022-12-01 $226,000 (0.6%) $293,408 (-4.5%) 0.00 91
2023-01-01 $213,650 (4.0%) $274,252 (-0.7%) 0.00 71
2023-02-01 $198,225 (-2.8%) $267,546 (-9.3%) 0.00 72
2023-03-01 $235,900 (5.7%) $299,794 (-2.7%) 0.00 72
2023-04-01 $242,250 (-0.1%) $321,435 (0.7%) 0.00 72
2023-05-01 $256,000 (2.4%) $336,025 (4.4%) 0.00 78
2023-06-01 $299,675 (21.2%) $343,532 (12.6%) 0.00 81
2023-07-01 $298,500 (30.4%) $346,940 (12.9%) 0.00 87
2023-08-01 $296,450 (34.8%) $350,489 (-98.5%) 0.00 84
2023-09-01 $294,900 (29.6%) $348,869 (11.9%) 0.00 82
2023-10-01 $296,350 (26.1%) $344,801 (13.3%) 0.00 81
2023-11-01 $288,450 (25.4%) $332,727 (13.4%) 0.00 86
2023-12-01 $279,900 (23.9%) $332,162 (13.2%) 0.00 87
Campbellsville's median listing price for 2023-12-01 was $279,900, a difference of $53,900 (23.9%) versus the prior year and $-8,550 versus the prior month.

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

Campbellsville's average listing price for 2023-12-01 was $332,162, a difference of $38,754 (13.2%) versus the prior year and $-565 versus the prior month.

For the 2023-12-01 period, Campbellsville had 87 MLS listings, a difference of 1 listings (1%) versus the prior month and -4 listings (-4%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Campbellsville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,710 sqft
2018-02-01 0 days 1,787 sqft
2018-03-01 0 days 1,704 sqft
2018-04-01 0 days 1,695 sqft
2018-05-01 0 days 1,684 sqft
2018-06-01 0 days 1,677 sqft
2018-07-01 0 days 1,692 sqft
2018-08-01 0 days 1,665 sqft
2018-09-01 0 days 1,664 sqft
2018-10-01 0 days 1,660 sqft
2018-11-01 0 days 1,496 sqft
2018-12-01 0 days 1,483 sqft
2019-01-01 0 days 1,510 sqft
2019-02-01 0 days 1,583 sqft
2019-03-01 0 days 1,597 sqft
2019-04-01 0 days 1,612 sqft
2019-05-01 0 days 1,572 sqft
2019-06-01 0 days 1,485 sqft
2019-07-01 0 days 1,620 sqft
2019-08-01 0 days 1,709 sqft
2019-09-01 0 days 1,685 sqft
2019-10-01 0 days 1,716 sqft
2019-11-01 0 days 1,724 sqft
2019-12-01 0 days 1,700 sqft
2020-01-01 0 days 1,703 sqft
2020-02-01 0 days 1,736 sqft
2020-03-01 0 days 1,808 sqft
2020-04-01 0 days 1,771 sqft
2020-05-01 0 days 1,854 sqft
2020-06-01 0 days 1,804 sqft
2020-07-01 0 days 1,680 sqft
2020-08-01 0 days 1,719 sqft
2020-09-01 0 days 1,808 sqft
2020-10-01 0 days 1,808 sqft
2020-11-01 0 days 1,763 sqft
2020-12-01 0 days 1,912 sqft
2021-01-01 0 days 2,024 sqft
2021-02-01 0 days 2,025 sqft
2021-03-01 0 days 1,973 sqft
2021-04-01 0 days 1,804 sqft
2021-05-01 0 days 1,695 sqft
2021-06-01 0 days 1,753 sqft
2021-07-01 0 days 1,814 sqft
2021-08-01 0 days 1,935 sqft
2021-09-01 0 days 1,885 sqft
2021-10-01 0 days 1,692 sqft
2021-11-01 0 days 1,608 sqft
2021-12-01 0 days 1,731 sqft
2022-01-01 0 days 1,492 sqft
2022-02-01 0 days 1,490 sqft
2022-03-01 0 days 1,558 sqft
2022-04-01 0 days 1,628 sqft
2022-05-01 0 days 1,784 sqft
2022-06-01 0 days 1,829 sqft
2022-07-01 0 days 1,754 sqft
2022-08-01 0 days 1,775 sqft
2022-09-01 0 days 1,849 sqft
2022-10-01 0 days 1,772 sqft
2022-11-01 0 days 1,823 sqft
2022-12-01 0 days 1,750 sqft
2023-01-01 0 days 1,525 sqft
2023-02-01 0 days 1,580 sqft
2023-03-01 0 days 1,718 sqft
2023-04-01 0 days 1,652 sqft
2023-05-01 0 days 1,938 sqft
2023-06-01 0 days 1,908 sqft
2023-07-01 0 days 1,902 sqft
2023-08-01 0 days 1,805 sqft
2023-09-01 0 days 1,866 sqft
2023-10-01 0 days 2,012 sqft
2023-11-01 0 days 1,898 sqft
2023-12-01 0 days 1,824 sqft
Campbellsville's median listing age (time on market) for 2023-12-01 was 0 days.

Campbellsville's median square footage for active listings during the 2023-12-01 period was 1,824 sqft. One year prior, the average listing was 1,750 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).