Bowling Green USDA Loans

BOWLING GREEN, KY

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 37 lenders originated 221 USDA loans during 2021. The total origination value was $38,655,000, with an average USDA loan value of $174,910.

    Bowling Green USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Bowling Green averaged 5.1% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

    The average rate for the prior week (2022-05-06) was 5.43% and one month ago for the week of 2022-04-08, the average rate was 4.99%.

    The average rate one year ago was 3.1%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.24%.

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

    Bowling Green USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bowling Green level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    Republic State Mortgage Co. 29 2.88% $4,591
    STOCKTON MORTGAGE CORPORATION 22 3.06% $5,052
    PRIMARY RESIDENTIAL MORTGAGE, INC. 19 3.15% $5,190
    RUOFF MORTGAGE COMPANY, INC. 19 3.00% $3,047
    MOVEMENT MORTGAGE, LLC 18 2.77% $5,684
    Magnolia Bank 14 3.04% $5,065
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 13 3.34% $5,384
    Citizens Bank 11 2.90% $4,231
    SOUTH CENTRAL BANK, INC. 10 2.64% $4,890
    U.S. Bank 6 3.25% $4,414
    EVANSVILLE TEACHERS 5 2.83% $4,220
    Bank of England 5 2.88% $5,275
    ROSS MORTGAGE CORPORATION 4 3.25% $4,721
    FBC MORTGAGE, LLC 4 3.09% $6,261
    FirstBank 4 2.84% $4,254
    Colten Mortgage, LLC 3 3.29% $5,267
    LOANDEPOT.COM, LLC 3 3.08% $5,868
    THRIVE MORTGAGE, LLC 3 2.91% $4,180
    German American Bank 2 3.06% $4,690
    CMG MORTGAGE, INC. 2 2.75% $5,127
    FIRST COMMUNITY MORTGAGE, INC. 2 2.94% $6,185
    ACOPIA, LLC 2 2.94% $5,446
    HOMESTAR FINANCIAL CORPORATION 2 3.31% $1,659
    MID AMERICA MORTGAGE, INC. 2 3.50% $4,530
    PENNYMAC LOAN SERVICES, LLC 2 3.06% $5,074
    TOP FLITE FINANCIAL, INC. 2 3.63% $5,706
    Paramount Residential Mortgage Group, Inc. 1 3.50% $3,518
    AMERICAN MORTGAGE SERVICE COMPANY 1 2.88% $5,843
    Gateway First Bank 1 2.25% $5,751
    FREEDOM MORTGAGE CORPORATION 1 3.25% $3,991
    EVERETT FINANCIAL, INC. 1 3.00% $2,020
    ENVOY MORTGAGE, LTD 1 2.25% $7,169
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.63% $4,725
    BROKER SOLUTIONS, INC. 1 3.13% $5,275
    Austin Capital Bank SSB 1 2.75% $5,219
    MORTGAGE INVESTORS GROUP, INC. 1 3.63% $4,686
    HOME POINT FINANCIAL CORPORATION 1 2.50% $11,768

    The top Bowling Green USDA lender as defined by loan originations is Republic State Mortgage Co., with 29 USDA loans originated. Their average total fees are $4,591, which is $461 lower than the next largest lender, STOCKTON MORTGAGE CORPORATION.

    The lowest fee Bowling Green USDA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($3,047), Citizens Bank ($4,231), Republic State Mortgage Co. ($4,591), SOUTH CENTRAL BANK, INC. ($4,890) and STOCKTON MORTGAGE CORPORATION ($5,052).

    The lowest rate Bowling Green USDA lenders (with over 10 loans originated) are SOUTH CENTRAL BANK, INC. (2.64%), MOVEMENT MORTGAGE, LLC (2.77%), Republic State Mortgage Co. (2.88%), Citizens Bank (2.90%) and RUOFF MORTGAGE COMPANY, INC. (3.00%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Bowling Green (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 $227,450 (1.1%) $294,374 (3.0%) 0.84 567
    2018-02-01 $239,650 (2.2%) $297,569 (0.3%) 0.86 551
    2018-03-01 $239,900 (-2.8%) $296,318 (-1.7%) 0.83 558
    2018-04-01 $244,250 (0.1%) $302,951 (1.0%) 0.82 579
    2018-05-01 $249,900 (0.2%) $305,877 (0.6%) 0.83 618
    2018-06-01 $264,900 (2.6%) $312,867 (0.1%) 0.88 633
    2018-07-01 $269,900 (8.0%) $319,565 (6.7%) 0.90 650
    2018-08-01 $269,900 (8.0%) $320,783 (5.0%) 0.90 696
    2018-09-01 $264,900 (8.8%) $317,659 (3.5%) 0.89 712
    2018-10-01 $258,700 (8.0%) $308,555 (0.3%) 0.87 745
    2018-11-01 $249,900 (8.8%) $300,324 (0.2%) 0.84 775
    2018-12-01 $254,800 (18.0%) $303,668 (4.6%) 0.87 743
    2019-01-01 $249,900 (9.9%) $303,205 (3.0%) 0.86 661
    2019-02-01 $256,855 (7.2%) $304,212 (2.2%) 0.86 681
    2019-03-01 $263,243 (9.7%) $309,214 (4.4%) 0.86 684
    2019-04-01 $265,543 (8.7%) $308,317 (1.8%) 0.84 707
    2019-05-01 $269,825 (8.0%) $312,394 (2.1%) 0.83 748
    2019-06-01 $265,000 (0.0%) $308,036 (-1.5%) 0.82 764
    2019-07-01 $259,055 (-4.0%) $298,592 (-6.6%) 0.81 798
    2019-08-01 $252,186 (-6.6%) $296,800 (-7.5%) 0.79 794
    2019-09-01 $249,900 (-5.7%) $298,632 (-6.0%) 0.79 792
    2019-10-01 $249,900 (-3.4%) $294,018 (-4.7%) 0.80 819
    2019-11-01 $249,900 (0.0%) $298,229 (-0.7%) 0.81 822
    2019-12-01 $252,400 (-0.9%) $309,594 (2.0%) 0.84 698
    2020-01-01 $258,900 (3.6%) $310,358 (2.4%) 0.86 643
    2020-02-01 $259,900 (1.2%) $316,149 (3.9%) 0.84 616
    2020-03-01 $259,900 (-1.3%) $321,200 (3.9%) 0.81 596
    2020-04-01 $253,500 (-4.5%) $317,299 (2.9%) 0.79 610
    2020-05-01 $259,900 (-3.7%) $319,939 (2.4%) 0.79 590
    2020-06-01 $262,400 (-1.0%) $334,356 (8.5%) 0.77 537
    2020-07-01 $269,900 (4.2%) $340,010 (13.9%) 0.77 486
    2020-08-01 $269,900 (7.0%) $344,411 (16.0%) 0.77 464
    2020-09-01 $269,450 (7.8%) $350,599 (17.4%) 0.77 428
    2020-10-01 $264,900 (6.0%) $348,443 (18.5%) 0.76 398
    2020-11-01 $247,000 (-1.2%) $311,546 (4.5%) 0.71 411
    2020-12-01 $239,900 (-5.0%) $308,057 (-0.5%) 0.70 397
    2021-01-01 $249,900 (-3.5%) $315,871 (1.8%) 0.74 353
    2021-02-01 $244,450 (-5.9%) $308,911 (-2.3%) 0.70 296
    2021-03-01 $252,400 (-2.9%) $313,063 (-2.5%) 0.71 297
    2021-04-01 $259,900 (2.5%) $327,173 (3.1%) 0.70 235
    2021-05-01 $269,900 (3.9%) $356,238 (11.4%) 0.71 231
    2021-06-01 $264,900 (1.0%) $358,815 (7.3%) 0.69 241
    2021-07-01 $269,900 (0.0%) $367,159 (8.0%) 0.70 284
    2021-08-01 $289,000 (7.1%) $373,749 (8.5%) 0.76 328
    2021-09-01 $280,250 (4.0%) $369,240 (5.3%) 0.74 353
    2021-10-01 $279,900 (5.7%) $372,755 (7.0%) 0.74 372
    2021-11-01 $291,400 (18.0%) $377,257 (21.1%) 0.77 531
    2021-12-01 $299,900 (25.0%) $382,589 (24.2%) 0.80 324
    2022-01-01 $289,900 (16.0%) $375,519 (18.9%) 0.77 260
    2022-02-01 $299,200 (22.4%) $371,065 (20.1%) 0.76 231
    2022-03-01 $297,400 (17.8%) $377,858 (20.7%) 0.73 189
    2022-04-01 $300,000 (15.4%) $381,100 (16.5%) 0.71 198
    Bowling Green's median listing price for 2022-04-01 was $300,000, a difference of $40,100 (15.4%) versus the prior year and $2,600 versus the prior month.

    Bowling Green's median listing price comes in at 71% of the national average.

    Bowling Green's average listing price for 2022-04-01 was $381,100, a difference of $53,927 (16.5%) versus the prior year and $3,242 versus the prior month.

    For the 2022-04-01 period, Bowling Green had 198 MLS listings, a difference of 9 listings (5%) versus the prior month and -37 listings (-16%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Bowling Green (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 95 days 2,003 sqft
    2018-02-01 96 days 2,037 sqft
    2018-03-01 74 days 2,020 sqft
    2018-04-01 65 days 2,083 sqft
    2018-05-01 60 days 2,083 sqft
    2018-06-01 59 days 2,240 sqft
    2018-07-01 62 days 2,258 sqft
    2018-08-01 63 days 2,288 sqft
    2018-09-01 71 days 2,250 sqft
    2018-10-01 74 days 2,192 sqft
    2018-11-01 77 days 2,119 sqft
    2018-12-01 87 days 2,100 sqft
    2019-01-01 89 days 2,100 sqft
    2019-02-01 88 days 2,100 sqft
    2019-03-01 74 days 2,135 sqft
    2019-04-01 74 days 2,153 sqft
    2019-05-01 65 days 2,147 sqft
    2019-06-01 60 days 2,179 sqft
    2019-07-01 64 days 2,128 sqft
    2019-08-01 70 days 2,083 sqft
    2019-09-01 71 days 2,057 sqft
    2019-10-01 70 days 2,060 sqft
    2019-11-01 71 days 2,050 sqft
    2019-12-01 81 days 2,033 sqft
    2020-01-01 97 days 2,036 sqft
    2020-02-01 99 days 2,050 sqft
    2020-03-01 81 days 2,092 sqft
    2020-04-01 69 days 2,031 sqft
    2020-05-01 74 days 2,008 sqft
    2020-06-01 77 days 2,043 sqft
    2020-07-01 78 days 2,070 sqft
    2020-08-01 72 days 2,092 sqft
    2020-09-01 65 days 2,061 sqft
    2020-10-01 59 days 2,000 sqft
    2020-11-01 53 days 1,868 sqft
    2020-12-01 59 days 1,850 sqft
    2021-01-01 74 days 1,860 sqft
    2021-02-01 71 days 1,796 sqft
    2021-03-01 50 days 1,834 sqft
    2021-04-01 42 days 1,798 sqft
    2021-05-01 43 days 1,855 sqft
    2021-06-01 38 days 1,810 sqft
    2021-07-01 32 days 1,845 sqft
    2021-08-01 35 days 1,942 sqft
    2021-09-01 36 days 1,918 sqft
    2021-10-01 17 days 1,865 sqft
    2021-11-01 18 days 2,006 sqft
    2021-12-01 21 days 2,033 sqft
    2022-01-01 31 days 1,866 sqft
    2022-02-01 48 days 1,820 sqft
    2022-03-01 42 days 1,813 sqft
    2022-04-01 31 days 1,824 sqft
    Bowling Green's median listing age (time on market) for 2022-04-01 was 31 days. This is -25% shorter than the same period one year ago.

    Bowling Green's median square footage for active listings during the 2022-04-01 period was 1,824 sqft. One year prior, the average listing was 1,798 sqft.