Bardstown USDA Loan Rates, Closing Costs & Stats
Bardstown, KY
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Bardstown's 19 lenders originated 45 USDA loans during 2023. The total origination value was $9,015,000, with an average USDA loan value of $200,333.
Bardstown USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Bardstown
averaged
6.66%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
Bardstown's average USDA mortgage closing costs are $4,598.
The average rate for the prior week (2024-11-01) was
6.43% and
one month ago for the week of 2024-10-04, the
average rate was 6.06%.
The average rate one year ago was 7.6%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.48%.
Bardstown USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bardstown level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Magnolia Bank | 7 | 6.64% | $5,787 |
| UNITED WHOLESALE MORTGAGE, LLC | 5 | 6.35% | $7,288 |
| Citizens Bank | 4 | 7.00% | $5,390 |
| STOCKTON MORTGAGE CORPORATION | 4 | 7.22% | $7,093 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 6.33% | $8,423 |
| Northpointe Bank | 3 | 6.42% | $5,972 |
| Century Mortgage Company DBA Century Lending Company | 3 | 6.42% | $7,072 |
| HOMESIDE FINANCIAL, LLC | 2 | 7.00% | $4,224 |
| INTERLINC MORTGAGE SERVICES, LLC | 2 | 6.75% | $7,155 |
| BROKER SOLUTIONS, INC. | 1 | 7.10% | $7,216 |
| CALIBER HOME LOANS, INC. | 1 | 7.25% | $5,685 |
| FREEDOM MORTGAGE CORPORATION | 1 | 7.25% | $5,505 |
| MID AMERICA MORTGAGE, INC. | 1 | 6.50% | $8,307 |
| FIRST COMMUNITY MORTGAGE, INC. | 1 | 6.88% | $9,993 |
| PLAZA HOME MORTGAGE, INC. | 1 | 6.50% | $7,259 |
| Fifth Third Bank | 1 | 6.75% | $5,999 |
| Stock Yards Bank & Trust Company | 1 | 6.75% | $5,051 |
| UNION HOME MORTGAGE CORP. | 1 | 7.50% | $3,890 |
| German American Bank | 1 | 5.75% | $9,024 |
The top Bardstown USDA lender as defined by loan originations is Magnolia Bank, with
7 USDA loans originated. Their average total fees are
$5,787, which is $1,501
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Bardstown USDA lenders (with over 10 loans originated) are
.
The lowest rate Bardstown USDA lenders (with over 10 loans originated) are
.