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 172 lenders originated 4,730 FHA loans during 2022. The total origination value was $998,630,000, with an average FHA loan value of $211,127.

Louisville FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Louisville averaged 6.33% for the week of 2024-02-16, compared to the national average (all FHA variants) of 6.611% for the same period.

Louisville's average FHA mortgage closing costs are $6,157.

The average rate for the prior week (2024-02-09) was 6.14% and one month ago for the week of 2024-01-12, the average rate was 6.28%.

The average rate one year ago was 6.03%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.37%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 412 5.00% $7,527
QUICKEN LOANS, LLC 391 4.56% $8,224
FREEDOM MORTGAGE CORPORATION 234 4.58% $7,991
Northpointe Bank 228 5.05% $8,070
STOCKTON MORTGAGE CORPORATION 226 5.10% $8,329
HOME POINT FINANCIAL CORPORATION 206 4.60% $7,624
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 204 5.29% $7,556
INTERLINC MORTGAGE SERVICES, LLC 142 5.33% $6,769
RUOFF MORTGAGE COMPANY, INC. 125 5.46% $6,648
Century Mortgage Company DBA Century Lending Company 111 4.75% $7,892
CMG MORTGAGE, INC. 84 4.77% $7,361
Equity Prime Mortgage LLC 72 5.55% $8,371
AMERICAN MORTGAGE SERVICE COMPANY 68 5.13% $7,834
AMERISAVE MORTGAGE CORPORATION 66 4.20% $10,107
Mr. Cooper ( Nationstar Mortgage ) 65 4.86% $9,385
CROSSCOUNTRY MORTGAGE, LLC 57 5.26% $9,314
Republic Bank & Trust Company 56 4.79% $6,369
EVERETT FINANCIAL, INC. 56 5.43% $5,442
LOANDEPOT.COM, LLC 55 4.80% $8,514
PENNYMAC LOAN SERVICES, LLC 54 4.22% $8,076
Flagstar Bank, FSB 51 4.88% $7,306
Prosperity Home Mortgage, LLC 48 5.19% $7,129
VICTORY MORTGAGE, L.L.C. 47 5.02% $9,312
ENVOY MORTGAGE, LTD 47 5.13% $8,402
Carrington Mortgage Services, LLC 43 5.00% $9,605
CALIBER HOME LOANS, INC. 42 4.66% $7,596
Citizens Bank 42 4.10% $7,829
First Savings Bank 41 4.83% $9,091
SUCCESS MORTGAGE PARTNERS, INC. 41 4.73% $8,475
THRIVE MORTGAGE, LLC 40 4.63% $7,021
LAKEVIEW LOAN SERVICING, LLC 40 4.10% $6,152
CARDINAL FINANCIAL 39 4.76% $7,994
Plains Commerce Bank 38 5.85% $8,218
Stock Yards Bank & Trust Company 36 4.80% $6,382
Magnolia Bank 34 5.55% $9,068
Paramount Residential Mortgage Group, Inc. 34 4.99% $8,344
Fifth Third Bank 32 4.55% $6,037
BAY EQUITY LLC 31 4.38% $7,414
BROKER SOLUTIONS, INC. 30 5.44% $9,376
PNC Bank 29 4.46% $5,208
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 28 4.99% $9,150
JPMorgan Chase Bank 28 5.24% $5,595
NEWREZ LLC 28 4.80% $7,487
PRIMARY RESIDENTIAL MORTGAGE, INC. 26 5.01% $9,497
MOVEMENT MORTGAGE, LLC 26 4.80% $8,202
EMM LOANS LLC 25 4.91% $9,315
PRIMELENDING, A PLAINSCAPITAL COMPANY 25 4.95% $7,475
First Harrison Bank 22 4.62% $6,580
EVANSVILLE TEACHERS 21 5.21% $6,939
HOMESIDE FINANCIAL, LLC 18 5.79% $7,545
PULTE MORTGAGE LLC 17 4.49% $7,161
ARK-LA-TEX FINANCIAL SERVICES, LLC. 17 4.66% $8,471
SOUTHWEST FUNDING, LP 16 4.94% $10,381
MUTUAL OF OMAHA MORTGAGE, INC. 16 5.31% $8,819
FBC MORTGAGE, LLC 15 4.87% $8,641
TOWNE MORTGAGE COMPANY 15 4.42% $9,991
AMERIFIRST FINANCIAL CORPORATION 14 5.22% $7,488
VILLAGE CAPITAL MORTGAGE 14 3.55% $3,798
German American Bank 14 4.43% $6,609
DRAPER AND KRAMER MORTGAGE CORP. 13 4.66% $7,046
Mortgage Research Center, LLC 12 5.14% $4,930
First Financial Bank 12 4.91% $7,682
PLANET HOME LENDING, LLC 12 4.80% $7,984
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 12 5.76% $9,125
MYCUMORTGAGE, LLC 11 4.82% $6,446
GUARANTY HOME MORTGAGE CORPORATION 11 4.98% $6,543
FAIR WAY LENDING LLC 10 5.16% $8,506
LEADERONE FINANCIAL CORPORATION 10 4.74% $6,811
PLAZA HOME MORTGAGE, INC. 9 5.19% $10,328
VANDERBILT MORTGAGE AND FINANCE, INC. 9 4.54% $10,976
Hometown Lenders, Inc. 9 5.24% $7,260
Nations Lending Corporation 9 5.35% $10,531
Lakeview Community Capital, LLC 8 3.87% $5,431
UNION HOME MORTGAGE CORP. 8 5.11% $7,238
U.S. Bank 8 5.23% $6,337
AMERICAN FINANCING CORPORATION 8 4.44% $7,057
Republic State Mortgage Co. 8 5.28% $6,771
AmeriHome Mortgage Company, LLC 7 5.75% $7,339
SUN WEST MORTGAGE COMPANY, INC. 7 5.80% $8,622
UNITED MORTGAGE CORP 6 4.48% $7,701
THE MORTGAGE WAREHOUSE,LLC 6 5.31% $6,834
SOUTH CENTRAL BANK, INC. 6 5.65% $5,475
The Huntington National Bank 6 3.75% $5,026
Sierra Pacific Mortgage Company, Inc. 6 5.31% $9,121
RELIANCE FIRST CAPITAL, LLC 6 4.71% $10,103
GVC MORTGAGE, INC. 6 4.94% $9,186
POLARIS HOME FUNDING CORP. 5 4.98% $11,818
WesBanco 5 4.08% $6,659
Bank of England 5 5.08% $10,532
NBKC BANK 5 4.45% $8,399
Commonwealth Bank and Trust Company 5 3.65% $5,506
MORTGAGE SOLUTIONS OF COLORADO, LLC 5 4.70% $10,090
DHI MORTGAGE COMPANY, LTD. 5 3.85% $7,365
NATIONS DIRECT MORTGAGE, LLC 5 5.00% $9,260
Peoples Bank 4 5.25% $17,515
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 4.87% $12,176
ENDEAVOR CAPITAL, LLC. 4 6.38% $10,813
GUARANTEED RATE, INC. 4 4.80% $8,847
ZILLOW HOME LOANS, LLC 3 4.50% $8,258
CHURCHILL MORTGAGE CORPORATION 3 6.08% $10,941
DIRECT MORTGAGE LOANS, LLC 3 4.54% $8,991
FIRST COMMUNITY MORTGAGE, INC. 3 4.58% $6,498
HAMILTON HOME LOANS, INC. 3 4.79% $6,589
LIBERTY HOME MORTGAGE CORPORATION 3 5.13% $9,800
PHH Mortgage Corporation 3 4.83% $9,081
SOVEREIGN LENDING GROUP INCORPORATED 3 5.33% $10,130
STEARNS LENDING, LLC 3 3.71% $6,787
The Federal Savings Bank 3 4.79% $13,763
United Fidelity Funding Corp. 3 5.50% $10,039
Victorian Finance, LLC 3 5.83% $9,634
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 4.88% $7,460
TOP FLITE FINANCIAL, INC. 2 4.50% $8,509
ROYAL UNITED MORTGAGE LLC 2 6.25% $8,319
Traditional Bank, Inc. 2 6.75% $7,816
M&T Bank 2 4.94% $7,106
EMBRACE HOME LOANS, INC. 2 6.50% $10,034
Barrington Bank & Trust Company, N.A. 2 5.25% $9,307
NETWORK CAPITAL FUNDING CORPORATION 2 5.00% $8,450
Loan Simple, Inc. 2 5.75% $7,906
AMERICAN FINANCIAL RESOURCES, INC. 2 5.69% $6,746
First Guaranty Mortgage Corporation 2 4.31% $8,683
1ST SIGNATURE LENDING, LLC 2 4.75% $11,060
INSPIRE HOME LOANS INC. 2 5.37% $10,652
DAS Acquisition Company, LLC 2 3.88% $7,298
ALLIED MORTGAGE GROUP, INC. 2 5.81% $8,795
The Park National Bank 2 5.00% $6,061
OCMBC, INC. 2 3.06% $7,910
HOMESTAR FINANCIAL CORPORATION 2 6.19% $6,531
FINANCE OF AMERICA MORTGAGE LLC 2 4.93% $9,176
First Federal Bank of the Midwest 1 4.50% $8,779
Strong Home Mortgage, LLC 1 3.38% $7,924
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 4.63% $5,879
Sunflower Bank 1 4.25% $7,163
SWBC MORTGAGE CORPORATION 1 4.00% $7,566
T2 FINANCIAL LLC 1 3.63% $9,684
Texana Bank 1 3.00% $5,563
Willamette Valley Bank 1 5.25% $16,249
COMPASS MORTGAGE, INC. 1 6.25% $5,876
The State Bank and Trust Company 1 4.38% $4,868
The Union Bank Company 1 3.25% $8,632
Citibank 1 4.50% $15,852
BETTER MORTGAGE CORPORATION 1 5.38% $15,329
BAYSHORE MORTGAGE FUNDING, LLC 1 5.63% $8,430
Wilson & Muir Bank & Trust Company 1 3.00% $6,165
Austin Capital Bank SSB 1 5.25% $13,394
ARC HOME LLC 1 3.13% $4,890
VERITAS FUNDING, LLC 1 5.75% $6,234
AMERICAN ADVISORS GROUP 1 4.00% $4,949
NORTHERN MORTGAGE SERVICES, LLC 1 5.25% $9,777
NP, Inc. 1 4.88% $8,198
OCEANSIDE MORTGAGE COMPANY 1 5.88% $5,354
Old National Bank 1 6.25% $4,583
Paramount Bank 1 4.25% $6,497
Origin Bank 1 5.63% $7,371
North American Savings Bank, F.S.B. 1 5.13% $9,004
PARTNERS UNITED FINANCIAL, LLC 1 3.75% $8,897
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.25% $11,642
AMCAP MORTGAGE, LTD. 1 4.63% $6,796
NATIONS RELIABLE LENDING, LLC 1 4.13% $4,546
Mutual Federal Bank 1 4.25% $13,096
PLUS RELOCATION MORTGAGE, LLC 1 6.75% $7,904
MORTGAGE SUPPLIERS, INC. 1 5.75% $5,439
MORTGAGE INVESTORS GROUP, INC. 1 4.88% $9,429
MIDLAND MORTGAGE CORPORATION 1 3.75% $4,406
MICHIGAN MUTUAL, INC. 1 4.63% $6,588
KELLER MORTGAGE, LLC 1 3.75% $6,134
JLB CORPORATION 1 5.25% $6,351
Regions Bank 1 5.75% $9,437
GUARANTEED RATE AFFINITY, LLC 1 4.50% $7,445
GENEVA FINANCIAL, LLC 1 6.13% $9,258
First Option Mortgage, LLC 1 5.25% $21,971
Wells Fargo Bank 1 3.75% $0

The top Louisville FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 412 FHA loans originated. Their average total fees are $7,527, which is $697 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Louisville FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($3,798), Mortgage Research Center, LLC ($4,930), PNC Bank ($5,208), EVERETT FINANCIAL, INC. ($5,442) and JPMorgan Chase Bank ($5,595).

The lowest rate Louisville FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE (3.55%), Citizens Bank (4.10%), LAKEVIEW LOAN SERVICING, LLC (4.10%), AMERISAVE MORTGAGE CORPORATION (4.20%) and PENNYMAC LOAN SERVICES, LLC (4.22%).

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 $233,400 (22.4%) $307,022 (12.2%) 0.87 3,376
2018-02-01 $239,950 (18.5%) $316,217 (9.0%) 0.87 3,169
2018-03-01 $254,900 (16.9%) $324,697 (8.0%) 0.89 3,138
2018-04-01 $256,500 (11.6%) $324,914 (4.8%) 0.87 3,237
2018-05-01 $265,407 (10.6%) $337,455 (4.8%) 0.89 3,431
2018-06-01 $265,900 (10.8%) $340,049 (6.0%) 0.89 3,693
2018-07-01 $266,450 (11.1%) $339,427 (6.7%) 0.89 3,801
2018-08-01 $264,900 (10.0%) $340,743 (6.3%) 0.89 3,922
2018-09-01 $264,700 (10.8%) $339,752 (7.4%) 0.89 4,102
2018-10-01 $257,750 (11.7%) $332,874 (7.6%) 0.87 4,285
2018-11-01 $250,700 (9.1%) $332,917 (8.7%) 0.85 4,255
2018-12-01 $249,000 (9.9%) $320,470 (6.3%) 0.86 4,024
2019-01-01 $248,575 (6.5%) $316,738 (3.2%) 0.86 3,715
2019-02-01 $257,950 (7.5%) $328,345 (3.8%) 0.87 3,384
2019-03-01 $269,814 (5.9%) $342,121 (5.4%) 0.88 3,293
2019-04-01 $279,450 (9.0%) $357,116 (9.9%) 0.89 3,468
2019-05-01 $283,941 (7.0%) $366,237 (8.5%) 0.89 3,642
2019-06-01 $279,900 (5.3%) $363,919 (7.0%) 0.87 3,797
2019-07-01 $271,300 (1.8%) $352,048 (3.7%) 0.85 4,031
2019-08-01 $264,182 (-0.3%) $343,903 (0.9%) 0.84 4,147
2019-09-01 $256,205 (-3.2%) $333,938 (-1.7%) 0.82 4,178
2019-10-01 $249,950 (-3.0%) $324,372 (-2.6%) 0.81 4,211
2019-11-01 $242,000 (-3.5%) $317,212 (-4.7%) 0.79 4,064
2019-12-01 $236,400 (-5.1%) $312,210 (-2.6%) 0.79 3,639
2020-01-01 $238,510 (-4.1%) $314,330 (-0.8%) 0.80 3,319
2020-02-01 $249,975 (-3.1%) $325,552 (-0.9%) 0.82 2,995
2020-03-01 $267,200 (-1.0%) $343,199 (0.3%) 0.84 2,827
2020-04-01 $270,009 (-3.4%) $347,722 (-2.6%) 0.85 2,859
2020-05-01 $289,900 (2.1%) $364,210 (-0.6%) 0.88 2,636
2020-06-01 $289,900 (3.6%) $375,211 (3.1%) 0.85 2,327
2020-07-01 $289,900 (6.9%) $380,529 (8.1%) 0.84 2,157
2020-08-01 $285,000 (7.9%) $373,887 (8.7%) 0.82 2,063
2020-09-01 $271,938 (6.1%) $366,422 (9.7%) 0.78 2,131
2020-10-01 $260,000 (4.0%) $365,077 (12.6%) 0.75 2,109
2020-11-01 $249,900 (3.3%) $357,146 (12.6%) 0.73 2,127
2020-12-01 $246,750 (4.4%) $348,077 (11.5%) 0.73 1,999
2021-01-01 $249,900 (4.8%) $350,952 (11.7%) 0.75 1,681
2021-02-01 $261,325 (4.5%) $365,865 (12.4%) 0.76 1,318
2021-03-01 $267,900 (0.3%) $374,582 (9.1%) 0.76 1,278
2021-04-01 $274,200 (1.6%) $384,437 (10.6%) 0.74 1,324
2021-05-01 $279,900 (-3.5%) $389,124 (6.8%) 0.74 1,296
2021-06-01 $282,450 (-2.6%) $392,945 (4.7%) 0.74 1,482
2021-07-01 $274,950 (-5.2%) $374,956 (-1.5%) 0.73 1,761
2021-08-01 $269,900 (-5.3%) $369,055 (-1.3%) 0.72 1,969
2021-09-01 $259,900 (-4.4%) $359,483 (-1.9%) 0.69 2,023
2021-10-01 $259,900 (0.0%) $353,761 (-3.1%) 0.69 2,073
2021-11-01 $250,000 (0.0%) $348,422 (-2.4%) 0.67 2,011
2021-12-01 $259,900 (5.3%) $353,189 (1.5%) 0.70 1,752
2022-01-01 $265,000 (6.0%) $353,814 (0.8%) 0.72 1,500
2022-02-01 $281,762 (7.8%) $370,262 (1.2%) 0.73 1,221
2022-03-01 $292,224 (9.1%) $380,252 (1.5%) 0.73 1,216
2022-04-01 $295,000 (7.6%) $383,405 (-0.3%) 0.70 1,257
2022-05-01 $299,400 (7.0%) $382,545 (-1.7%) 0.68 1,588
2022-06-01 $299,900 (6.2%) $385,316 (-1.9%) 0.67 1,843
2022-07-01 $299,900 (9.1%) $374,302 (-0.2%) 0.68 2,174
2022-08-01 $299,900 (11.1%) $370,662 (0.4%) 0.69 2,329
2022-09-01 $299,925 (15.4%) $369,402 (2.8%) 0.70 2,327
2022-10-01 $299,900 (15.4%) $363,106 (2.6%) 0.71 2,494
2022-11-01 $290,000 (16.0%) $353,559 (1.5%) 0.70 2,606
2022-12-01 $295,000 (13.5%) $355,294 (0.6%) 0.73 2,384
2023-01-01 $298,500 (12.6%) $359,632 (1.6%) 0.74 2,101
2023-02-01 $299,900 (6.4%) $370,767 (0.1%) 0.72 1,829
2023-03-01 $299,900 (2.6%) $372,628 (-2.0%) 0.71 1,719
2023-04-01 $319,000 (8.1%) $390,333 (1.8%) 0.74 1,615
2023-05-01 $319,950 (6.9%) $399,043 (4.3%) 0.73 1,661
2023-06-01 $319,950 (6.7%) $398,874 (3.5%) 0.72 1,796
2023-07-01 $319,900 (6.7%) $392,661 (4.9%) 0.73 1,892
2023-08-01 $322,400 (7.5%) $389,719 (5.1%) 0.74 2,000
2023-09-01 $315,250 (5.1%) $387,650 (4.9%) 0.73 2,166
2023-10-01 $307,475 (2.5%) $376,712 (3.8%) 0.72 2,460
2023-11-01 $299,995 (3.5%) $372,479 (5.4%) 0.71 2,598
2023-12-01 $299,900 (1.7%) $371,069 (4.4%) 0.73 2,483
Louisville's median listing price for 2023-12-01 was $299,900, a difference of $4,900 (1.7%) versus the prior year and $-95 versus the prior month.

Louisville's median listing price comes in at 73% of the national average.

Louisville's average listing price for 2023-12-01 was $371,069, a difference of $15,775 (4.4%) versus the prior year and $-1,410 versus the prior month.

For the 2023-12-01 period, Louisville had 2,483 MLS listings, a difference of -115 listings (-4%) versus the prior month and 99 listings (4%) 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 1,972 sqft
2018-02-01 64 days 1,986 sqft
2018-03-01 45 days 2,038 sqft
2018-04-01 44 days 2,076 sqft
2018-05-01 39 days 2,110 sqft
2018-06-01 40 days 2,149 sqft
2018-07-01 43 days 2,124 sqft
2018-08-01 43 days 2,127 sqft
2018-09-01 46 days 2,113 sqft
2018-10-01 49 days 2,083 sqft
2018-11-01 53 days 2,063 sqft
2018-12-01 61 days 2,023 sqft
2019-01-01 68 days 2,008 sqft
2019-02-01 64 days 2,047 sqft
2019-03-01 55 days 2,096 sqft
2019-04-01 44 days 2,149 sqft
2019-05-01 44 days 2,208 sqft
2019-06-01 44 days 2,182 sqft
2019-07-01 44 days 2,125 sqft
2019-08-01 45 days 2,077 sqft
2019-09-01 45 days 2,028 sqft
2019-10-01 46 days 1,983 sqft
2019-11-01 51 days 1,940 sqft
2019-12-01 63 days 1,854 sqft
2020-01-01 70 days 1,864 sqft
2020-02-01 60 days 1,900 sqft
2020-03-01 47 days 1,955 sqft
2020-04-01 50 days 1,965 sqft
2020-05-01 54 days 2,000 sqft
2020-06-01 42 days 2,000 sqft
2020-07-01 39 days 1,985 sqft
2020-08-01 36 days 1,974 sqft
2020-09-01 32 days 1,896 sqft
2020-10-01 31 days 1,884 sqft
2020-11-01 34 days 1,809 sqft
2020-12-01 40 days 1,753 sqft
2021-01-01 46 days 1,742 sqft
2021-02-01 37 days 1,755 sqft
2021-03-01 28 days 1,785 sqft
2021-04-01 23 days 1,756 sqft
2021-05-01 22 days 1,782 sqft
2021-06-01 19 days 1,823 sqft
2021-07-01 22 days 1,803 sqft
2021-08-01 24 days 1,800 sqft
2021-09-01 30 days 1,785 sqft
2021-10-01 30 days 1,762 sqft
2021-11-01 32 days 1,705 sqft
2021-12-01 41 days 1,682 sqft
2022-01-01 46 days 1,652 sqft
2022-02-01 34 days 1,691 sqft
2022-03-01 23 days 1,695 sqft
2022-04-01 22 days 1,722 sqft
2022-05-01 21 days 1,780 sqft
2022-06-01 22 days 1,819 sqft
2022-07-01 25 days 1,815 sqft
2022-08-01 31 days 1,815 sqft
2022-09-01 37 days 1,821 sqft
2022-10-01 37 days 1,837 sqft
2022-11-01 43 days 1,800 sqft
2022-12-01 52 days 1,800 sqft
2023-01-01 56 days 1,795 sqft
2023-02-01 45 days 1,778 sqft
2023-03-01 38 days 1,778 sqft
2023-04-01 36 days 1,877 sqft
2023-05-01 32 days 1,861 sqft
2023-06-01 30 days 1,838 sqft
2023-07-01 31 days 1,879 sqft
2023-08-01 33 days 1,909 sqft
2023-09-01 32 days 1,866 sqft
2023-10-01 33 days 1,848 sqft
2023-11-01 38 days 1,807 sqft
2023-12-01 50 days 1,780 sqft
Louisville's median listing age (time on market) for 2023-12-01 was 50 days. This is -4% shorter than the same period one year ago.

Louisville's median square footage for active listings during the 2023-12-01 period was 1,780 sqft. One year prior, the average listing was 1,800 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).