Campbellsville FHA Loan Rates, Closing Costs & Stats

Campbellsville, KY

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    • 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 27 lenders originated 60 FHA loans during 2023. The total origination value was $9,320,000, with an average FHA loan value of $155,333.

    Campbellsville FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Campbellsville averaged 6.41% for the week of 2024-11-08, compared to the national average (all FHA variants) of 6.425% for the same period.

    Campbellsville's average FHA mortgage closing costs are $5,931.

    The average rate for the prior week (2024-11-01) was 6.09% and one month ago for the week of 2024-10-04, the average rate was 5.71%.

    The average rate one year ago was 7.25%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.33%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    QUICKEN LOANS, LLC 10 6.22% $7,472
    STOCKTON MORTGAGE CORPORATION 6 6.50% $8,084
    RUOFF MORTGAGE COMPANY, INC. 6 6.73% $5,984
    UNITED WHOLESALE MORTGAGE, LLC 4 6.08% $8,756
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 3 6.58% $6,080
    Forcht Bank 2 6.88% $5,865
    Prosperity Home Mortgage, LLC 2 6.50% $7,667
    SOUTH CENTRAL BANK, INC. 2 6.69% $4,980
    Century Mortgage Company DBA Century Lending Company 2 6.37% $13,634
    GoPrime Mortgage, Inc. 2 7.19% $4,305
    NEWREZ LLC 2 6.00% $8,143
    HOMESIDE FINANCIAL, LLC 2 6.94% $5,959
    Northpointe Bank 1 7.50% $7,606
    Republic State Mortgage Co. 1 6.63% $5,221
    UNION HOME MORTGAGE CORP. 1 7.25% $5,488
    U.S. Bank 1 5.63% $9,988
    Bank of England 1 6.63% $9,158
    Carrington Mortgage Services, LLC 1 6.88% $7,118
    Citizens Bank 1 6.25% $7,696
    ENDEAVOR CAPITAL, LLC. 1 6.75% $8,379
    ENVOY MORTGAGE, LTD 1 6.13% $9,428
    EVERETT FINANCIAL, INC. 1 6.25% $8,789
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.25% $6,802
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $8,909
    LOANDEPOT.COM, LLC 1 5.99% $5,027
    Magnolia Bank 1 7.00% $7,079
    Mortgage Research Center, LLC 1 7.99% $4,691

    The top Campbellsville FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 10 FHA loans originated. Their average total fees are $7,472, which is $612 lower than the next largest lender, STOCKTON MORTGAGE CORPORATION.

    The lowest fee Campbellsville FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($7,472), .

    The lowest rate Campbellsville FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.22%), .

    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
    2024-01-01 $293,650 (37.4%) $338,936 (23.6%) 0.00 87
    2024-02-01 $279,000 (40.8%) $325,340 (21.6%) 0.00 80
    2024-03-01 $274,450 (16.3%) $321,670 (7.3%) 0.00 80
    2024-04-01 $264,250 (9.1%) $325,356 (1.2%) 0.00 91
    2024-05-01 $262,700 (2.6%) $318,464 (-5.2%) 0.00 89
    2024-06-01 $269,750 (-10.0%) $337,386 (-1.8%) 0.00 91
    2024-07-01 $279,675 (-6.3%) $354,264 (2.1%) 0.00 94
    2024-08-01 $289,500 (-2.3%) $337,810 (-3.6%) 0.00 100
    2024-09-01 $279,000 (-5.4%) $325,640 (-6.7%) 0.00 117
    2024-10-01 $271,225 (-8.5%) $314,059 (-8.9%) 0.00 121
    Campbellsville's median listing price for 2024-10-01 was $271,225, a difference of $-25,125 (-8.5%) versus the prior year and $-7,775 versus the prior month.

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

    Campbellsville's average listing price for 2024-10-01 was $314,059, a difference of $-30,742 (-8.9%) versus the prior year and $-11,581 versus the prior month.

    For the 2024-10-01 period, Campbellsville had 121 MLS listings, a difference of 4 listings (3%) versus the prior month and 40 listings (49%) 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 1,851 sqft
    2020-06-01 0 days 1,801 sqft
    2020-07-01 0 days 1,665 sqft
    2020-08-01 0 days 1,680 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 1,733 sqft
    2021-07-01 0 days 1,795 sqft
    2021-08-01 0 days 1,930 sqft
    2021-09-01 0 days 1,875 sqft
    2021-10-01 0 days 1,664 sqft
    2021-11-01 0 days 1,577 sqft
    2021-12-01 0 days 1,719 sqft
    2022-01-01 0 days 1,492 sqft
    2022-02-01 0 days 1,468 sqft
    2022-03-01 0 days 1,536 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 1,870 sqft
    2022-10-01 0 days 1,837 sqft
    2022-11-01 0 days 1,841 sqft
    2022-12-01 0 days 1,800 sqft
    2023-01-01 0 days 1,542 sqft
    2023-02-01 0 days 1,586 sqft
    2023-03-01 0 days 1,754 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
    2024-01-01 0 days 1,902 sqft
    2024-02-01 0 days 1,840 sqft
    2024-03-01 0 days 1,750 sqft
    2024-04-01 0 days 1,665 sqft
    2024-05-01 0 days 1,523 sqft
    2024-06-01 0 days 1,550 sqft
    2024-07-01 0 days 1,657 sqft
    2024-08-01 0 days 1,692 sqft
    2024-09-01 0 days 1,609 sqft
    2024-10-01 0 days 1,603 sqft
    Campbellsville's median listing age (time on market) for 2024-10-01 was 0 days.

    Campbellsville's median square footage for active listings during the 2024-10-01 period was 1,603 sqft. One year prior, the average listing was 2,012 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).