Louisville/jefferson County FHA Loan Rates, Closing Costs & Stats

LOUISVILLE/JEFFERSON COUNTY, KY-IN

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/jefferson County's 179 lenders originated 7,276 FHA loans during 2021. The total origination value was $1,344,560,000, with an average FHA loan value of $184,794.

Louisville/jefferson County FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Louisville/jefferson County averaged 5.93% for the week of 2023-01-27, compared to the national average (all FHA variants) of 6.186% for the same period.

Louisville/jefferson County's average FHA mortgage closing costs are $5,805.

The average rate for the prior week (2023-01-20) was 6% and one month ago for the week of 2022-12-23, the average rate was 6.29%.

The average rate one year ago was 3.58%.

For refis of the same type during the week of 2023-01-27, the average rate was 5.84%.

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

Louisville/jefferson County 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/jefferson County level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 677 2.71% $5,857
FREEDOM MORTGAGE CORPORATION 482 2.84% $4,811
HOME POINT FINANCIAL CORPORATION 392 2.92% $6,427
UNITED WHOLESALE MORTGAGE, LLC 381 2.82% $6,076
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 280 3.33% $6,524
STOCKTON MORTGAGE CORPORATION 220 3.29% $7,385
Commonwealth Bank and Trust Company 219 3.04% $6,681
INTERLINC MORTGAGE SERVICES, LLC 184 3.37% $5,647
AMERICAN MORTGAGE SERVICE COMPANY 143 2.97% $6,738
PENNYMAC LOAN SERVICES, LLC 140 3.12% $4,522
LAKEVIEW LOAN SERVICING, LLC 136 3.00% $4,385
BAY EQUITY LLC 132 3.22% $6,254
CMG MORTGAGE, INC. 129 3.26% $6,974
Mr. Cooper ( Nationstar Mortgage ) 129 3.31% $3,912
RUOFF MORTGAGE COMPANY, INC. 124 3.29% $5,553
THRIVE MORTGAGE, LLC 116 2.90% $5,669
ENVOY MORTGAGE, LTD 104 3.38% $7,344
CROSSCOUNTRY MORTGAGE, LLC 103 3.09% $7,343
Magnolia Bank 97 3.08% $6,323
MOVEMENT MORTGAGE, LLC 88 3.21% $5,846
CALIBER HOME LOANS, INC. 87 2.96% $5,527
Republic Bank & Trust Company 84 3.14% $5,670
VICTORY MORTGAGE, L.L.C. 71 2.72% $7,393
VILLAGE CAPITAL MORTGAGE 70 2.97% $2,423
Carrington Mortgage Services, LLC 67 3.56% $6,196
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 58 3.25% $7,976
EVANSVILLE TEACHERS 54 3.06% $6,509
Prosperity Home Mortgage, LLC 51 3.39% $5,712
Stock Yards Bank & Trust Company 51 3.02% $4,769
AMERISAVE MORTGAGE CORPORATION 47 3.04% $7,463
PRIMARY RESIDENTIAL MORTGAGE, INC. 47 3.36% $6,581
Citizens Union Bank of Shelbyville 41 2.86% $5,919
Northpointe Bank 41 3.15% $6,355
BROKER SOLUTIONS, INC. 39 3.19% $6,665
HOMEBRIDGE FINANCIAL SERVICES, INC. 37 2.74% $5,271
First Harrison Bank 36 2.67% $5,350
Paramount Residential Mortgage Group, Inc. 36 3.27% $6,494
ARK-LA-TEX FINANCIAL SERVICES, LLC. 35 3.24% $7,440
NEWREZ LLC 35 2.93% $3,730
Citizens Bank 35 2.79% $5,554
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 34 3.16% $6,506
LOANDEPOT.COM, LLC 34 3.41% $7,002
AmeriHome Mortgage Company, LLC 33 3.01% $4,227
SUCCESS MORTGAGE PARTNERS, INC. 32 3.40% $7,202
First Savings Bank 31 3.25% $6,560
PULTE MORTGAGE LLC 31 2.92% $6,361
FBC MORTGAGE, LLC 29 3.02% $7,480
SOUTHWEST FUNDING, LP 27 3.56% $8,853
Equity Prime Mortgage LLC 27 3.44% $6,020
Century Mortgage Company DBA Century Lending Company 27 3.16% $6,879
FAIR WAY LENDING LLC 26 3.05% $6,888
UNION HOME MORTGAGE CORP. 25 3.27% $6,827
DRAPER AND KRAMER MORTGAGE CORP. 25 3.20% $6,931
First Financial Bank 24 2.82% $6,386
Hometown Lenders, Inc. 24 3.30% $6,904
U.S. Bank 24 3.04% $5,648
Fifth Third Bank 23 3.05% $5,833
First Guaranty Mortgage Corporation 22 2.81% $5,631
PNC Bank 21 2.74% $5,153
GUARANTY HOME MORTGAGE CORPORATION 21 3.07% $5,496
PLANET HOME LENDING, LLC 19 2.76% $4,713
CELEBRITY HOME LOANS, LLC 18 3.44% $6,208
MUTUAL OF OMAHA MORTGAGE, INC. 17 3.23% $7,670
Lakeview Community Capital, LLC 17 2.94% $4,738
PLAZA HOME MORTGAGE, INC. 16 3.07% $7,361
PRIMELENDING, A PLAINSCAPITAL COMPANY 16 3.37% $6,898
STEARNS LENDING, LLC 16 3.19% $5,907
EVERETT FINANCIAL, INC. 15 3.58% $5,541
JPMorgan Chase Bank 15 3.07% $3,802
MYCUMORTGAGE, LLC 14 2.95% $6,115
EMM LOANS LLC 14 3.29% $7,416
Flagstar Bank, FSB 12 2.90% $6,673
Republic State Mortgage Co. 12 3.19% $6,211
Wolfe Financial, Inc 11 3.47% $7,858
LEADERONE FINANCIAL CORPORATION 10 3.40% $6,822
MICHIGAN MUTUAL, INC. 10 2.98% $8,725
Mortgage Research Center, LLC 9 3.01% $4,859
Nations Lending Corporation 9 3.22% $10,185
WesBanco Bank, Inc. 9 2.92% $6,058
HAMILTON HOME LOANS, INC. 8 3.45% $6,142
GENEVA FINANCIAL, LLC 7 3.13% $6,522
SUN WEST MORTGAGE COMPANY, INC. 7 2.95% $8,346
AMERIFIRST FINANCIAL CORPORATION 7 2.91% $7,812
OCEANSIDE MORTGAGE COMPANY 7 2.89% $3,207
Goldwater Bank, N.A. 6 3.29% $6,910
UNITED MORTGAGE CORP. 6 2.96% $7,369
RELIANCE FIRST CAPITAL, LLC 6 2.77% $10,971
SOUTH CENTRAL BANK, INC. 6 2.63% $4,693
PARTNERS UNITED FINANCIAL, LLC 6 3.56% $6,241
LAND HOME FINANCIAL SERVICES, INC. 6 2.90% $5,326
The Federal Savings Bank 6 2.77% $8,851
MID AMERICA MORTGAGE, INC. 6 3.38% $6,585
THE MORTGAGE WAREHOUSE,LLC 5 2.98% $6,864
Regions Bank 5 2.95% $5,576
GUARANTEED RATE, INC. 5 2.93% $6,765
InterContinental Capital Group, Inc 5 2.80% $6,340
TOP FLITE FINANCIAL, INC. 5 3.55% $9,647
NATIONS DIRECT MORTGAGE, LLC 5 3.19% $7,647
M&T Bank 5 3.43% $6,487
Truist 4 3.01% $5,187
Sierra Pacific Mortgage Company, Inc. 4 2.91% $7,929
AMERICAN FINANCIAL NETWORK, INC. 4 2.56% $12,007
HOMESIDE FINANCIAL, LLC 4 3.00% $7,461
AMERICAN FINANCING CORPORATION 4 2.53% $8,260
PHH Mortgage Corporation 4 3.19% $4,313
AMCAP MORTGAGE, LTD. 4 3.22% $8,488
1ST SIGNATURE LENDING, LLC 3 3.04% $7,245
AMERICAN FINANCIAL RESOURCES, INC. 3 4.04% $6,848
Bank of England 3 3.42% $9,335
CHURCHILL MORTGAGE CORPORATION 3 3.29% $6,793
DAS Acquisition Company, LLC 3 3.01% $6,118
DIRECT MORTGAGE LOANS, LLC 3 3.83% $7,674
FIRST COMMUNITY MORTGAGE, INC. 3 3.29% $7,296
FLAT BRANCH MORTGAGE, INC. 3 3.21% $8,626
German American Bank 3 3.21% $6,387
GUARANTEED RATE AFFINITY, LLC 3 2.71% $7,057
Guardian Savings Bank, A Federal Savings Bank 3 2.67% $5,109
NP, Inc. 3 2.96% $8,602
Forcht Bank 2 2.50% $4,703
MORTGAGE MASTERS OF INDIANA, INC. 2 3.13% $7,376
GVC MORTGAGE, INC. 2 3.31% $6,252
BETTER MORTGAGE CORPORATION 2 2.38% $9,406
FINANCE OF AMERICA MORTGAGE LLC 2 4.13% $5,298
GUILD MORTGAGE COMPANY 2 4.06% $5,052
Plains Commerce Bank 2 3.13% $9,076
BAYSHORE MORTGAGE FUNDING, LLC 2 2.75% $4,906
Barrington Bank & Trust Company, N.A. 2 3.06% $6,879
VANDERBILT MORTGAGE AND FINANCE, INC. 2 3.50% $7,022
NATIONS RELIABLE LENDING, LLC 2 3.56% $7,036
Hometown Equity Mortgage, LLC 2 4.63% $7,656
The Huntington National Bank 2 3.44% $5,351
ZILLOW HOME LOANS, LLC 2 2.69% $4,169
HALLMARK HOME MORTGAGE, LLC 2 3.56% $7,109
ACADEMY MORTGAGE CORPORATION 2 3.00% $7,534
Wyndham Capital Mortgage, Inc. 2 2.94% $7,200
North American Savings Bank, F.S.B. 2 3.75% $4,511
Renasant Bank 1 2.25% $7,894
ROSS MORTGAGE CORPORATION 1 3.63% $6,079
ROYAL UNITED MORTGAGE LLC 1 2.75% $10,187
GoPrime Mortgage, Inc. 1 3.75% $9,996
Servion, Inc. 1 2.75% $6,863
GERSHMAN INVESTMENT CORP. 1 2.88% $8,002
Flanagan State Bank 1 3.63% $7,427
FirstBank 1 2.75% $3,687
ENDEAVOR CAPITAL, LLC. 1 2.75% $5,599
NATIONWIDE MORTGAGE BANKERS, INC. 1 3.25% $7,257
DHI MORTGAGE COMPANY, LTD. 1 2.63% $6,848
CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 2.88% $8,412
Colten Mortgage, LLC 1 3.63% $3,713
The Park National Bank 1 2.75% $4,636
Central Bank & Trust Company 1 2.75% $5,482
Centier Bank 1 3.63% $6,955
BNC National Bank 1 2.75% $7,420
Union Savings Bank 1 3.38% $7,079
United Fidelity Funding Corp. 1 3.50% $7,910
BEST CAPITAL FUNDING 1 3.13% $6,650
VAN DYK MORTGAGE CORPORATION 1 3.63% $7,382
Austin Capital Bank SSB 1 3.13% $6,833
AMERICAN PACIFIC MORTGAGE CORPORATION 1 2.75% $10,166
ALLIED MORTGAGE GROUP, INC. 1 2.63% $11,467
Western Ohio Mortgage Corporation 1 3.50% $13,273
EMBRACE HOME LOANS, INC. 1 2.75% $13,879
NOVA FINANCIAL & INVESTMENT CORPORATION 1 3.25% $6,223
Old National Bank 1 3.38% $6,672
MORTGAGE SUPPLIERS, INC. 1 3.25% $4,830
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $10,142
Peoples Bank 1 3.25% $6,790
PERFORMANCE MORTGAGE LLC 1 3.25% $6,822
MORTGAGE INVESTORS GROUP, INC. 1 2.75% $7,341
MLD MORTGAGE INC. 1 3.50% $8,356
Platinum Home Mortgage Corporation 1 2.99% $12,020
MILESTONE HOME LENDING, LLC 1 3.13% $4,191
Low VA Rates, LLC 1 3.75% $4,204
PREMIA MORTGAGE, LLC 1 3.25% $7,560
LIBERTY HOME MORTGAGE CORPORATION 1 3.25% $9,566
Legends Bank 1 3.00% $5,467
KELLER MORTGAGE, LLC 1 3.75% $7,748
Ixonia Bank 1 3.25% $7,821
Heartland Bank 1 2.50% $4,778

The top Louisville/jefferson County FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 677 FHA loans originated. Their average total fees are $5,857, which is $1,045 higher than the next largest lender, FREEDOM MORTGAGE CORPORATION.

The lowest fee Louisville/jefferson County FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($2,423), NEWREZ LLC ($3,730), JPMorgan Chase Bank ($3,802), Mr. Cooper ( Nationstar Mortgage ) ($3,912) and AmeriHome Mortgage Company, LLC ($4,227).

The lowest rate Louisville/jefferson County FHA lenders (with over 10 loans originated) are First Harrison Bank (2.67%), QUICKEN LOANS, LLC (2.71%), VICTORY MORTGAGE, L.L.C. (2.72%), HOMEBRIDGE FINANCIAL SERVICES, INC. (2.74%) and PNC Bank (2.74%).

Louisville/jefferson County 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

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Louisville/jefferson County (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 $238,875 (24.1%) $313,489 (12.6%) 0.89 3,145
2018-02-01 $248,923 (18.3%) $323,917 (9.2%) 0.90 2,942
2018-03-01 $259,900 (18.1%) $330,443 (7.8%) 0.91 2,948
2018-04-01 $261,926 (11.5%) $331,012 (5.0%) 0.89 3,038
2018-05-01 $269,900 (9.6%) $343,519 (5.0%) 0.90 3,234
2018-06-01 $271,172 (11.2%) $346,715 (6.6%) 0.90 3,447
2018-07-01 $270,625 (12.8%) $345,981 (7.5%) 0.90 3,555
2018-08-01 $269,900 (9.9%) $346,881 (6.5%) 0.90 3,671
2018-09-01 $269,570 (12.4%) $345,908 (7.8%) 0.90 3,847
2018-10-01 $260,450 (10.8%) $338,546 (7.9%) 0.88 4,033
2018-11-01 $257,950 (10.5%) $339,549 (9.5%) 0.87 3,991
2018-12-01 $249,950 (8.7%) $326,681 (6.7%) 0.86 3,769
2019-01-01 $250,000 (4.7%) $323,215 (3.1%) 0.86 3,457
2019-02-01 $262,450 (5.4%) $335,017 (3.4%) 0.89 3,137
2019-03-01 $277,107 (6.6%) $349,371 (5.7%) 0.91 3,065
2019-04-01 $286,475 (9.4%) $365,497 (10.4%) 0.91 3,251
2019-05-01 $289,900 (7.4%) $374,076 (8.9%) 0.91 3,431
2019-06-01 $285,000 (5.1%) $371,388 (7.1%) 0.89 3,574
2019-07-01 $278,000 (2.7%) $358,593 (3.7%) 0.87 3,808
2019-08-01 $270,697 (0.3%) $350,714 (1.1%) 0.86 3,910
2019-09-01 $264,244 (-2.0%) $340,437 (-1.6%) 0.85 3,942
2019-10-01 $254,612 (-2.2%) $330,174 (-2.5%) 0.82 3,972
2019-11-01 $247,400 (-4.1%) $322,061 (-5.2%) 0.81 3,828
2019-12-01 $239,950 (-4.0%) $317,320 (-2.9%) 0.80 3,417
2020-01-01 $240,628 (-3.8%) $319,460 (-1.2%) 0.80 3,115
2020-02-01 $256,333 (-2.3%) $330,511 (-1.3%) 0.84 2,826
2020-03-01 $274,750 (-0.9%) $350,371 (0.3%) 0.86 2,661
2020-04-01 $278,450 (-2.8%) $353,612 (-3.3%) 0.87 2,708
2020-05-01 $295,000 (1.8%) $369,818 (-1.1%) 0.90 2,511
2020-06-01 $290,975 (2.1%) $379,485 (2.2%) 0.86 2,227
2020-07-01 $291,424 (4.8%) $383,398 (6.9%) 0.84 2,075
2020-08-01 $285,950 (5.6%) $376,454 (7.3%) 0.82 1,984
2020-09-01 $272,400 (3.1%) $368,509 (8.3%) 0.78 2,044
2020-10-01 $260,000 (2.1%) $366,433 (11.0%) 0.75 2,028
2020-11-01 $249,900 (1.0%) $359,806 (11.7%) 0.73 2,034
2020-12-01 $246,450 (2.7%) $351,016 (10.6%) 0.73 1,907
2021-01-01 $249,950 (3.9%) $354,597 (11.0%) 0.75 1,604
2021-02-01 $261,900 (2.2%) $368,157 (11.4%) 0.76 1,271
2021-03-01 $267,900 (-2.5%) $375,731 (7.2%) 0.76 1,235
2021-04-01 $271,450 (-2.5%) $382,881 (8.3%) 0.73 1,282
2021-05-01 $275,000 (-6.8%) $386,097 (4.4%) 0.73 1,264
2021-06-01 $282,400 (-3.0%) $391,568 (3.2%) 0.74 1,420
2021-07-01 $274,900 (-5.7%) $374,456 (-2.3%) 0.72 1,681
2021-08-01 $269,900 (-5.6%) $369,837 (-1.8%) 0.72 1,862
2021-09-01 $259,900 (-4.6%) $358,966 (-2.6%) 0.69 1,912
2021-10-01 $259,000 (-0.4%) $353,218 (-3.6%) 0.69 1,960
2021-11-01 $249,900 (0.0%) $347,946 (-3.3%) 0.67 1,898
2021-12-01 $255,950 (3.9%) $352,925 (0.5%) 0.69 1,650
2022-01-01 $260,000 (4.0%) $353,011 (-0.5%) 0.70 1,422
2022-02-01 $279,900 (6.9%) $370,017 (0.5%) 0.73 1,153
2022-03-01 $289,950 (8.2%) $379,260 (0.9%) 0.73 1,158
2022-04-01 $290,000 (6.8%) $382,196 (-0.2%) 0.69 1,195
2022-05-01 $297,000 (8.0%) $383,260 (-0.7%) 0.68 1,491
2022-06-01 $299,900 (6.2%) $387,227 (-1.1%) 0.67 1,730
2022-07-01 $299,900 (9.1%) $376,686 (0.6%) 0.68 2,026
2022-08-01 $299,900 (11.1%) $372,411 (0.7%) 0.69 2,139
2022-09-01 $299,950 (15.4%) $370,843 (3.3%) 0.70 2,130
2022-10-01 $299,900 (15.8%) $365,055 (3.4%) 0.71 2,265
2022-11-01 $290,000 (16.1%) $356,145 (2.4%) 0.70 2,374
2022-12-01 $290,000 (13.3%) $356,106 (0.9%) 0.73 2,201
Louisville/jefferson County's median listing price for 2022-12-01 was $290,000, a difference of $34,050 (13.3%) versus the prior year and $0 versus the prior month.

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

Louisville/jefferson County's average listing price for 2022-12-01 was $356,106, a difference of $3,181 (0.9%) versus the prior year and $-39 versus the prior month.

For the 2022-12-01 period, Louisville/jefferson County had 2,201 MLS listings, a difference of -173 listings (-7%) versus the prior month and 551 listings (33%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Louisville/jefferson County (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 76 days 1,983 sqft
2018-02-01 67 days 2,000 sqft
2018-03-01 47 days 2,050 sqft
2018-04-01 45 days 2,087 sqft
2018-05-01 40 days 2,127 sqft
2018-06-01 41 days 2,166 sqft
2018-07-01 44 days 2,137 sqft
2018-08-01 44 days 2,136 sqft
2018-09-01 46 days 2,125 sqft
2018-10-01 50 days 2,098 sqft
2018-11-01 55 days 2,078 sqft
2018-12-01 64 days 2,050 sqft
2019-01-01 68 days 2,036 sqft
2019-02-01 66 days 2,056 sqft
2019-03-01 57 days 2,117 sqft
2019-04-01 46 days 2,177 sqft
2019-05-01 45 days 2,238 sqft
2019-06-01 46 days 2,200 sqft
2019-07-01 45 days 2,142 sqft
2019-08-01 46 days 2,091 sqft
2019-09-01 47 days 2,040 sqft
2019-10-01 47 days 1,997 sqft
2019-11-01 52 days 1,955 sqft
2019-12-01 64 days 1,870 sqft
2020-01-01 71 days 1,879 sqft
2020-02-01 62 days 1,908 sqft
2020-03-01 50 days 1,974 sqft
2020-04-01 51 days 1,987 sqft
2020-05-01 56 days 2,002 sqft
2020-06-01 44 days 2,010 sqft
2020-07-01 41 days 1,987 sqft
2020-08-01 37 days 1,978 sqft
2020-09-01 33 days 1,898 sqft
2020-10-01 32 days 1,892 sqft
2020-11-01 36 days 1,810 sqft
2020-12-01 42 days 1,757 sqft
2021-01-01 47 days 1,750 sqft
2021-02-01 38 days 1,756 sqft
2021-03-01 29 days 1,790 sqft
2021-04-01 24 days 1,764 sqft
2021-05-01 22 days 1,773 sqft
2021-06-01 21 days 1,822 sqft
2021-07-01 22 days 1,800 sqft
2021-08-01 24 days 1,800 sqft
2021-09-01 30 days 1,776 sqft
2021-10-01 31 days 1,751 sqft
2021-11-01 33 days 1,683 sqft
2021-12-01 41 days 1,670 sqft
2022-01-01 48 days 1,645 sqft
2022-02-01 36 days 1,674 sqft
2022-03-01 24 days 1,682 sqft
2022-04-01 23 days 1,704 sqft
2022-05-01 21 days 1,781 sqft
2022-06-01 22 days 1,824 sqft
2022-07-01 25 days 1,830 sqft
2022-08-01 31 days 1,824 sqft
2022-09-01 37 days 1,830 sqft
2022-10-01 37 days 1,848 sqft
2022-11-01 41 days 1,826 sqft
2022-12-01 51 days 1,813 sqft
Louisville/jefferson County's median listing age (time on market) for 2022-12-01 was 51 days. This is 24% longer than the same period one year ago.

Louisville/jefferson County's median square footage for active listings during the 2022-12-01 period was 1,813 sqft. One year prior, the average listing was 1,670 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).