Bowling Green USDA Loan Rates, Closing Costs & Stats
BOWLING GREEN, 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.
Bowling Green's 27 lenders originated 64 USDA loans during 2023. The total origination value was $13,300,000, with an average USDA loan value of $207,813.
Bowling Green USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Bowling Green
averaged
6.41%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
Bowling Green's average USDA mortgage closing costs are $4,872.
The average rate for the prior week (2024-11-01) was
6.38% and
one month ago for the week of 2024-10-04, the
average rate was 6.11%.
The average rate one year ago was 7.35%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.69%.
Bowling Green 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 Bowling Green level.
The top Bowling Green USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with
12 USDA loans originated. Their average total fees are
$8,208, which is $446
lower than the next largest lender,
STOCKTON MORTGAGE CORPORATION.
The lowest fee Bowling Green USDA lenders (with over 10 loans originated) are
ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($8,208), .
The lowest rate Bowling Green USDA lenders (with over 10 loans originated) are
ATLANTIC BAY MORTGAGE GROUP, L.L.C. (6.44%), .