Louisville FHA Loan Rates, Closing Costs & Stats

LOUISVILLE, 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.

Louisville's 156 lenders originated 3,839 FHA loans during 2023. The total origination value was $865,145,000, with an average FHA loan value of $225,357.

Louisville FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Louisville averaged 6.53% for the week of 2024-07-05, compared to the national average (all FHA variants) of 6.724% for the same period.

Louisville's average FHA mortgage closing costs are $6,542.

The average rate for the prior week (2024-06-28) was 6.59% and one month ago for the week of 2024-05-31, the average rate was 6.58%.

The average rate one year ago was 6.65%.

For refis of the same type during the week of 2024-07-05, the average rate was 6.98%.

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

Louisville 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 Louisville level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 454 6.53% $9,478
QUICKEN LOANS, LLC 363 6.32% $9,364
Northpointe Bank 263 6.51% $9,673
STOCKTON MORTGAGE CORPORATION 196 6.61% $9,879
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 146 6.80% $9,057
Century Mortgage Company DBA Century Lending Company 121 6.67% $8,645
FREEDOM MORTGAGE CORPORATION 117 6.80% $11,087
INTERLINC MORTGAGE SERVICES, LLC 105 6.77% $8,133
RUOFF MORTGAGE COMPANY, INC. 102 6.76% $7,785
VICTORY MORTGAGE, L.L.C. 86 5.76% $8,856
THRIVE MORTGAGE, LLC 66 6.61% $9,095
CROSSCOUNTRY MORTGAGE, LLC 63 6.77% $9,960
Magnolia Bank 60 6.50% $9,908
Equity Prime Mortgage LLC 56 6.87% $8,189
Plains Commerce Bank 49 6.48% $9,057
AMERISAVE MORTGAGE CORPORATION 45 6.11% $11,702
Stock Yards Bank & Trust Company 45 6.91% $7,795
ENVOY MORTGAGE, LTD 42 6.75% $10,467
LOANDEPOT.COM, LLC 40 6.36% $9,823
PENNYMAC LOAN SERVICES, LLC 39 6.09% $10,280
HOMESIDE FINANCIAL, LLC 35 6.64% $8,780
EMM LOANS LLC 34 6.43% $9,982
Prosperity Home Mortgage, LLC 33 6.64% $8,462
Fifth Third Bank 33 6.49% $4,953
EVERETT FINANCIAL, INC. 33 6.50% $9,780
Republic Bank & Trust Company 32 6.56% $8,275
ENDEAVOR CAPITAL, LLC. 32 6.82% $9,615
MUTUAL OF OMAHA MORTGAGE, INC. 30 6.66% $11,561
PRIMARY RESIDENTIAL MORTGAGE, INC. 29 6.79% $11,681
AmeriHome Mortgage Company, LLC 28 6.52% $8,547
BROKER SOLUTIONS, INC. 27 6.69% $11,616
CARDINAL FINANCIAL 26 6.32% $8,957
PULTE MORTGAGE LLC 25 5.87% $7,710
Carrington Mortgage Services, LLC 24 6.26% $10,972
First Financial Bank 23 6.34% $7,949
First Savings Bank 22 6.68% $10,725
Flagstar Bank, FSB 22 6.60% $8,463
Paramount Residential Mortgage Group, Inc. 22 6.94% $9,325
VANDERBILT MORTGAGE AND FINANCE, INC. 21 5.81% $12,729
Mr. Cooper ( Nationstar Mortgage ) 21 6.17% $13,040
MID AMERICA MORTGAGE, INC. 21 7.44% $5,324
NEWREZ LLC 19 6.37% $9,645
LEADERONE FINANCIAL CORPORATION 18 7.07% $8,222
JPMorgan Chase Bank 17 6.75% $6,141
ARK-LA-TEX FINANCIAL SERVICES, LLC. 16 6.84% $8,486
GUILD MORTGAGE COMPANY 16 7.17% $9,701
INSPIRE HOME LOANS INC. 16 5.57% $7,543
PNC Bank 16 6.81% $5,758
U.S. Bank 15 6.48% $8,943
UNION HOME MORTGAGE CORP. 14 6.63% $9,885
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 14 6.26% $9,530
First Harrison Bank 13 6.66% $6,840
PLAZA HOME MORTGAGE, INC. 13 6.83% $11,797
SUCCESS MORTGAGE PARTNERS, INC. 13 6.86% $10,103
Mortgage Research Center, LLC 13 7.18% $6,242
AMERICAN FINANCIAL NETWORK, INC. 12 7.21% $8,952
DHI MORTGAGE COMPANY, LTD. 11 5.35% $7,757
LAKEVIEW LOAN SERVICING, LLC 11 6.44% $11,534
MOVEMENT MORTGAGE, LLC 11 6.85% $8,839
AMERICAN FINANCIAL RESOURCES, INC. 10 6.79% $10,456
WesBanco 10 6.30% $8,331
FAIR WAY LENDING LLC 9 6.86% $10,298
THE MORTGAGE WAREHOUSE,LLC 9 6.74% $8,978
SUN WEST MORTGAGE COMPANY, INC. 9 6.61% $9,322
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 8 6.83% $9,480
ZILLOW HOME LOANS, LLC 8 6.84% $9,569
Nations Lending Corporation 8 6.33% $11,787
Traditional Bank, Inc. 7 6.48% $9,530
Sierra Pacific Mortgage Company, Inc. 7 6.80% $11,630
Citizens Bank 7 6.21% $6,818
T2 FINANCIAL LLC 7 7.05% $7,829
HOMEBRIDGE FINANCIAL SERVICES, INC. 6 6.71% $13,028
BAY EQUITY LLC 6 6.83% $10,093
EVANSVILLE TEACHERS 6 6.92% $9,062
ROYAL UNITED MORTGAGE LLC 5 6.78% $12,466
German American Bank 5 6.55% $6,054
SOUTH CENTRAL BANK, INC. 5 6.73% $8,147
FBC MORTGAGE, LLC 5 6.23% $8,376
American Mortgage & Equity Consultants, Inc. 5 7.30% $11,363
NORWICH COMMERCIAL GROUP, INC. 5 6.95% $7,327
The Federal Savings Bank 5 6.65% $12,161
LOANPAL, LLC 5 5.62% $12,177
FIRST COMMUNITY MORTGAGE, INC. 5 6.50% $7,975
TOWNE MORTGAGE COMPANY 5 6.45% $12,020
TOP FLITE FINANCIAL, INC. 4 6.97% $16,554
VILLAGE CAPITAL MORTGAGE 4 6.82% $6,730
RELIANCE FIRST CAPITAL, LLC 4 7.03% $10,210
Wolfe Financial, Inc 4 7.34% $8,867
Bank of England 4 6.53% $9,810
DIRECT MORTGAGE LOANS, LLC 4 6.53% $13,361
PLANET HOME LENDING, LLC 4 5.65% $7,287
GUARANTEED RATE, INC. 3 6.58% $8,661
M&T Bank 3 6.67% $5,831
CMG MORTGAGE, INC. 3 6.63% $9,067
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.29% $17,186
OCMBC, INC. 3 7.42% $12,800
ON Q FINANCIAL, INC. 3 7.16% $7,484
Blue Ridge Bank 3 7.25% $7,656
Regions Bank 3 6.21% $7,130
Truist 3 6.40% $8,009
Republic State Mortgage Co. 3 6.83% $9,689
NBKC BANK 3 5.71% $9,288
Servion, Inc. 2 5.88% $8,348
LAND HOME FINANCIAL SERVICES, INC. 2 7.75% $13,481
AMERICAN FINANCING CORPORATION 2 6.63% $8,515
MIDLAND MORTGAGE CORPORATION 2 6.69% $15,845
Wells Fargo Bank 2 6.00% $8,885
AMCAP MORTGAGE, LTD. 2 6.88% $6,148
DRAPER AND KRAMER MORTGAGE CORP. 2 7.00% $7,249
Wilson & Muir Bank & Trust Company 2 6.63% $5,350
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.50% $12,054
SOUTHPOINT FINANCIAL SERVICES, INC. 2 6.50% $12,152
AmRes Corporation 1 7.63% $8,810
VAN DYK MORTGAGE CORPORATION 1 6.99% $5,190
VERITAS FUNDING, LLC 1 6.63% $15,019
Victorian Finance, LLC 1 6.88% $8,704
Western Ohio Mortgage Corporation 1 5.25% $3,639
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.25% $9,145
ACADEMY MORTGAGE CORPORATION 1 7.25% $8,124
MEMBER FIRST MORTGAGE, LLC 1 7.63% $6,681
Meridian Bank Corporation 1 6.25% $8,922
MORTGAGE MASTERS OF INDIANA, INC. 1 6.63% $9,981
LIBERTY HOME MORTGAGE CORPORATION 1 6.63% $13,139
Lakeview Community Capital, LLC 1 6.25% $8,783
INTERCOASTAL MORTGAGE COMPANY 1 6.13% $7,294
NATIONS DIRECT MORTGAGE, LLC 1 7.63% $7,844
INTERCAP LENDING INC. 1 4.63% $19,311
NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $13,358
1ST SIGNATURE LENDING, LLC 1 7.50% $11,765
NEXERA HOLDING LLC 1 5.75% $10,572
GVC MORTGAGE, INC. 1 7.75% $8,307
OPEN MORTGAGE, LLC 1 6.25% $14,440
Guardian Savings Bank, A Federal Savings Bank 1 6.13% $10,651
PENTAGON FEDERAL CREDIT UNION 1 5.13% $14,966
GSF Mortgage Corporation 1 6.63% $16,616
GENEVA FINANCIAL, LLC 1 7.50% $14,063
POINT Mortgage 1 5.63% $9,707
Forcht Bank 1 6.13% $9,709
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.13% $9,076
First Citizens National Bank 1 6.63% $7,000
FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.75% $16,660
Residential Mortgage Solutions, Inc. 1 6.25% $11,053
S1L, Inc. 1 6.88% $9,121
SOUTHWEST STAGE FUNDING, LLC 1 6.75% $9,095
SOVEREIGN LENDING GROUP INCORPORATED 1 5.38% $11,654
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 1 7.75% $8,478
COMPASS MORTGAGE, INC. 1 7.25% $12,323
Civista Bank 1 7.25% $6,467
SWBC MORTGAGE CORPORATION 1 7.25% $1,858
CIS Financial Services, Inc. 1 7.38% $13,824
The Huntington National Bank 1 7.00% $8,242
The Loan Store, Inc. 1 6.75% $8,780
Central Bank 1 6.25% $5,900
The Park National Bank 1 5.50% $7,592
TJC Mortgage, Inc. 1 6.63% $5,476
Barrington Bank & Trust Company, N.A. 1 6.13% $12,872

The top Louisville FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 454 FHA loans originated. Their average total fees are $9,478, which is $114 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Louisville FHA lenders (with over 10 loans originated) are Fifth Third Bank ($4,953), MID AMERICA MORTGAGE, INC. ($5,324), PNC Bank ($5,758), JPMorgan Chase Bank ($6,141) and Mortgage Research Center, LLC ($6,242).

The lowest rate Louisville FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.35%), INSPIRE HOME LOANS INC. (5.57%), VICTORY MORTGAGE, L.L.C. (5.76%), VANDERBILT MORTGAGE AND FINANCE, INC. (5.81%) and PULTE MORTGAGE LLC (5.87%).

Louisville FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
LOUISVILLE/JEFFERSON COUNTY, KY-IN CLARK 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN FLOYD 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN HARRISON 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN BULLITT 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN HENRY 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN JEFFERSON 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN OLDHAM 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN SHELBY 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN SPENCER 2022 $420,680 $538,650 $651,050 $809,150
LOUISVILLE/JEFFERSON COUNTY, KY-IN CLARK 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN FLOYD 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN HARRISON 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN BULLITT 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN HENRY 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN JEFFERSON 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN OLDHAM 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN SHELBY 2023 $472,030 $604,400 $730,525 $907,900
LOUISVILLE/JEFFERSON COUNTY, KY-IN SPENCER 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Louisville (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 $238,950 (24.2%) $313,727 (12.6%) 0.89 3,141
2018-02-01 $249,450 (17.9%) $324,292 (9.2%) 0.91 2,937
2018-03-01 $259,900 (17.7%) $330,832 (7.6%) 0.91 2,942
2018-04-01 $262,000 (11.5%) $331,340 (4.7%) 0.89 3,033
2018-05-01 $269,900 (8.8%) $343,740 (4.6%) 0.90 3,230
2018-06-01 $271,536 (10.4%) $346,865 (6.3%) 0.91 3,444
2018-07-01 $270,850 (12.9%) $346,139 (7.2%) 0.90 3,551
2018-08-01 $269,900 (9.2%) $346,992 (6.1%) 0.90 3,668
2018-09-01 $269,600 (12.4%) $346,139 (7.5%) 0.91 3,842
2018-10-01 $261,050 (11.0%) $338,921 (7.6%) 0.88 4,025
2018-11-01 $258,000 (10.5%) $339,934 (9.2%) 0.87 3,984
2018-12-01 $249,995 (8.7%) $327,088 (6.5%) 0.86 3,760
2019-01-01 $250,000 (4.6%) $323,752 (3.2%) 0.86 3,447
2019-02-01 $262,675 (5.3%) $335,522 (3.5%) 0.89 3,129
2019-03-01 $277,614 (6.8%) $349,902 (5.8%) 0.91 3,056
2019-04-01 $286,950 (9.5%) $365,953 (10.5%) 0.91 3,237
2019-05-01 $289,900 (7.4%) $374,994 (9.1%) 0.91 3,412
2019-06-01 $286,950 (5.7%) $372,491 (7.4%) 0.90 3,553
2019-07-01 $278,824 (2.9%) $359,435 (3.8%) 0.87 3,790
2019-08-01 $271,185 (0.5%) $351,383 (1.3%) 0.86 3,893
2019-09-01 $264,457 (-1.9%) $340,985 (-1.5%) 0.85 3,925
2019-10-01 $254,612 (-2.5%) $330,626 (-2.5%) 0.82 3,955
2019-11-01 $247,450 (-4.1%) $322,572 (-5.1%) 0.81 3,809
2019-12-01 $239,950 (-4.0%) $317,962 (-2.8%) 0.80 3,398
2020-01-01 $240,950 (-3.6%) $320,086 (-1.1%) 0.81 3,097
2020-02-01 $256,500 (-2.4%) $331,162 (-1.3%) 0.84 2,809
2020-03-01 $274,950 (-1.0%) $351,152 (0.4%) 0.86 2,644
2020-04-01 $279,250 (-2.7%) $354,342 (-3.2%) 0.87 2,692
2020-05-01 $295,000 (1.8%) $370,692 (-1.2%) 0.90 2,495
2020-06-01 $291,450 (1.6%) $380,509 (2.2%) 0.86 2,212
2020-07-01 $293,448 (5.2%) $384,554 (7.0%) 0.85 2,059
2020-08-01 $288,500 (6.4%) $377,652 (7.5%) 0.83 1,968
2020-09-01 $272,400 (3.0%) $369,410 (8.3%) 0.78 2,029
2020-10-01 $260,000 (2.1%) $367,305 (11.1%) 0.75 2,012
2020-11-01 $249,900 (1.0%) $360,722 (11.8%) 0.73 2,019
2020-12-01 $246,450 (2.7%) $351,892 (10.7%) 0.73 1,893
2021-01-01 $249,900 (3.7%) $355,456 (11.1%) 0.75 1,590
2021-02-01 $261,900 (2.1%) $369,593 (11.6%) 0.76 1,256
2021-03-01 $267,900 (-2.6%) $377,733 (7.6%) 0.76 1,221
2021-04-01 $272,425 (-2.4%) $385,390 (8.8%) 0.74 1,269
2021-05-01 $276,908 (-6.1%) $388,872 (4.9%) 0.74 1,250
2021-06-01 $282,450 (-3.1%) $393,877 (3.5%) 0.74 1,408
2021-07-01 $275,000 (-6.3%) $375,687 (-2.3%) 0.73 1,670
2021-08-01 $269,900 (-6.5%) $370,666 (-1.9%) 0.72 1,851
2021-09-01 $259,900 (-4.6%) $359,828 (-2.6%) 0.69 1,900
2021-10-01 $259,450 (-0.2%) $353,977 (-3.6%) 0.69 1,948
2021-11-01 $249,900 (0.0%) $348,861 (-3.3%) 0.67 1,884
2021-12-01 $255,950 (3.9%) $354,101 (0.6%) 0.69 1,636
2022-01-01 $260,152 (4.1%) $354,214 (-0.4%) 0.70 1,407
2022-02-01 $280,537 (7.1%) $371,998 (0.7%) 0.73 1,137
2022-03-01 $289,950 (8.2%) $380,930 (0.9%) 0.73 1,143
2022-04-01 $293,460 (7.7%) $384,142 (-0.3%) 0.70 1,178
2022-05-01 $297,804 (7.6%) $384,968 (-1.0%) 0.68 1,473
2022-06-01 $299,900 (6.2%) $388,867 (-1.3%) 0.67 1,713
2022-07-01 $299,999 (9.1%) $377,891 (0.6%) 0.68 2,008
2022-08-01 $299,900 (11.1%) $373,345 (0.7%) 0.69 2,124
2022-09-01 $299,950 (15.4%) $371,675 (3.3%) 0.70 2,115
2022-10-01 $299,900 (15.6%) $365,777 (3.3%) 0.71 2,251
2022-11-01 $290,000 (16.1%) $356,796 (2.3%) 0.70 2,360
2022-12-01 $295,000 (15.3%) $358,402 (1.2%) 0.73 2,169
2023-01-01 $299,000 (14.9%) $362,330 (2.3%) 0.74 1,917
2023-02-01 $300,000 (6.9%) $375,196 (0.9%) 0.72 1,657
2023-03-01 $307,975 (6.2%) $377,077 (-1.0%) 0.73 1,560
2023-04-01 $320,000 (9.0%) $395,982 (3.1%) 0.74 1,471
2023-05-01 $323,913 (8.8%) $403,574 (4.8%) 0.73 1,514
2023-06-01 $324,950 (8.4%) $403,739 (3.8%) 0.73 1,642
2023-07-01 $324,900 (8.3%) $397,959 (5.3%) 0.74 1,745
2023-08-01 $322,500 (7.5%) $394,753 (5.7%) 0.74 1,837
2023-09-01 $316,358 (5.5%) $392,937 (5.7%) 0.74 1,986
2023-10-01 $305,450 (1.9%) $379,716 (3.8%) 0.72 2,275
2023-11-01 $299,997 (3.5%) $375,585 (5.3%) 0.71 2,403
2023-12-01 $299,900 (1.7%) $373,428 (4.2%) 0.73 2,271
2024-01-01 $308,475 (3.2%) $379,817 (4.8%) 0.75 2,059
2024-02-01 $312,389 (4.1%) $380,895 (1.5%) 0.75 1,861
2024-03-01 $315,000 (2.3%) $394,375 (4.6%) 0.74 1,785
2024-04-01 $327,450 (2.3%) $410,096 (3.6%) 0.76 1,837
2024-05-01 $339,950 (5.0%) $427,530 (5.9%) 0.77 2,015
2024-06-01 $342,952 (5.5%) $431,873 (7.0%) 0.77 2,113
Louisville's median listing price for 2024-06-01 was $342,952, a difference of $18,002 (5.5%) versus the prior year and $3,002 versus the prior month.

Louisville's median listing price comes in at 77% of the national average.

Louisville's average listing price for 2024-06-01 was $431,873, a difference of $28,134 (7.0%) versus the prior year and $4,343 versus the prior month.

For the 2024-06-01 period, Louisville had 2,113 MLS listings, a difference of 98 listings (5%) versus the prior month and 471 listings (29%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Louisville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 73 days 1,985 sqft
2018-02-01 64 days 2,002 sqft
2018-03-01 45 days 2,051 sqft
2018-04-01 43 days 2,087 sqft
2018-05-01 39 days 2,129 sqft
2018-06-01 39 days 2,166 sqft
2018-07-01 43 days 2,139 sqft
2018-08-01 43 days 2,137 sqft
2018-09-01 45 days 2,126 sqft
2018-10-01 48 days 2,100 sqft
2018-11-01 52 days 2,079 sqft
2018-12-01 60 days 2,050 sqft
2019-01-01 67 days 2,042 sqft
2019-02-01 63 days 2,059 sqft
2019-03-01 52 days 2,119 sqft
2019-04-01 44 days 2,180 sqft
2019-05-01 43 days 2,245 sqft
2019-06-01 44 days 2,200 sqft
2019-07-01 44 days 2,149 sqft
2019-08-01 44 days 2,097 sqft
2019-09-01 45 days 2,042 sqft
2019-10-01 46 days 1,998 sqft
2019-11-01 51 days 1,959 sqft
2019-12-01 63 days 1,871 sqft
2020-01-01 69 days 1,879 sqft
2020-02-01 59 days 1,909 sqft
2020-03-01 47 days 1,975 sqft
2020-04-01 49 days 1,987 sqft
2020-05-01 52 days 2,002 sqft
2020-06-01 41 days 2,010 sqft
2020-07-01 38 days 1,988 sqft
2020-08-01 35 days 1,978 sqft
2020-09-01 32 days 1,897 sqft
2020-10-01 31 days 1,891 sqft
2020-11-01 34 days 1,810 sqft
2020-12-01 39 days 1,756 sqft
2021-01-01 46 days 1,750 sqft
2021-02-01 37 days 1,754 sqft
2021-03-01 27 days 1,789 sqft
2021-04-01 23 days 1,764 sqft
2021-05-01 22 days 1,776 sqft
2021-06-01 19 days 1,825 sqft
2021-07-01 22 days 1,800 sqft
2021-08-01 24 days 1,801 sqft
2021-09-01 29 days 1,775 sqft
2021-10-01 30 days 1,750 sqft
2021-11-01 32 days 1,683 sqft
2021-12-01 41 days 1,667 sqft
2022-01-01 45 days 1,640 sqft
2022-02-01 34 days 1,674 sqft
2022-03-01 23 days 1,681 sqft
2022-04-01 21 days 1,704 sqft
2022-05-01 20 days 1,781 sqft
2022-06-01 22 days 1,825 sqft
2022-07-01 24 days 1,830 sqft
2022-08-01 31 days 1,825 sqft
2022-09-01 36 days 1,829 sqft
2022-10-01 36 days 1,846 sqft
2022-11-01 41 days 1,823 sqft
2022-12-01 50 days 1,821 sqft
2023-01-01 54 days 1,800 sqft
2023-02-01 44 days 1,801 sqft
2023-03-01 36 days 1,806 sqft
2023-04-01 36 days 1,918 sqft
2023-05-01 31 days 1,890 sqft
2023-06-01 29 days 1,867 sqft
2023-07-01 31 days 1,900 sqft
2023-08-01 32 days 1,928 sqft
2023-09-01 32 days 1,880 sqft
2023-10-01 32 days 1,863 sqft
2023-11-01 37 days 1,820 sqft
2023-12-01 48 days 1,800 sqft
2024-01-01 53 days 1,814 sqft
2024-02-01 45 days 1,820 sqft
2024-03-01 40 days 1,822 sqft
2024-04-01 38 days 1,891 sqft
2024-05-01 31 days 1,901 sqft
2024-06-01 31 days 1,950 sqft
Louisville's median listing age (time on market) for 2024-06-01 was 31 days. This is 7% longer than the same period one year ago.

Louisville's median square footage for active listings during the 2024-06-01 period was 1,950 sqft. One year prior, the average listing was 1,867 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).