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 6.74% for the week of 2024-06-14, compared to the national average (all USDA variants) of 6.709% for the same period.

Bowling Green's average USDA mortgage closing costs are $4,872.

The average rate for the prior week (2024-06-07) was 6.74% and one month ago for the week of 2024-05-10, the average rate was 6.82%.

The average rate one year ago was 6.78%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.72%.

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/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Bowling Green level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 12 6.44% $8,208
STOCKTON MORTGAGE CORPORATION 9 6.39% $8,654
RUOFF MORTGAGE COMPANY, INC. 4 6.31% $3,092
SOUTH CENTRAL BANK, INC. 4 6.78% $5,616
Magnolia Bank 4 5.91% $4,911
U.S. Bank 3 7.21% $5,585
Century Mortgage Company DBA Century Lending Company 3 6.00% $9,397
FIRST COMMUNITY MORTGAGE, INC. 2 6.00% $7,177
MORTGAGE INVESTORS GROUP, INC. 2 6.69% $5,778
Citizens Bank 2 6.44% $4,912
FBC MORTGAGE, LLC 2 4.50% $6,944
Bank of England 2 7.00% $10,008
ROSS MORTGAGE CORPORATION 1 6.63% $6,279
Truist 1 4.88% $8,325
ACOPIA, LLC 1 6.00% $5,229
VILLAGE CAPITAL MORTGAGE 1 5.88% $7,286
AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $6,207
BROKER SOLUTIONS, INC. 1 6.25% $9,763
Centennial Bank 1 7.13% $7,217
CMG MORTGAGE, INC. 1 5.75% $5,235
Edmonton State Bank 1 6.88% $3,509
Equity Prime Mortgage LLC 1 6.25% $6,983
EVANSVILLE TEACHERS 1 6.88% $4,862
FirstBank 1 6.50% $5,905
German American Bank 1 6.25% $5,955
HOMESIDE FINANCIAL, LLC 1 5.63% $9,880
MOVEMENT MORTGAGE, LLC 1 6.75% $7,111

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%), .


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 $227,200 (0.8%) $291,935 (2.1%) 0.84 571
2018-02-01 $236,975 (2.0%) $295,196 (-0.4%) 0.86 558
2018-03-01 $239,700 (-2.1%) $292,642 (-2.9%) 0.84 571
2018-04-01 $239,900 (-1.5%) $298,927 (0.0%) 0.81 587
2018-05-01 $240,684 (-2.4%) $303,038 (0.2%) 0.80 628
2018-06-01 $257,250 (1.9%) $309,645 (-0.2%) 0.86 642
2018-07-01 $268,250 (7.3%) $319,331 (6.7%) 0.90 657
2018-08-01 $269,900 (8.0%) $322,644 (5.9%) 0.90 695
2018-09-01 $264,900 (10.4%) $318,026 (4.2%) 0.89 717
2018-10-01 $257,450 (8.7%) $308,613 (1.2%) 0.87 754
2018-11-01 $249,900 (9.5%) $300,269 (0.6%) 0.85 778
2018-12-01 $249,900 (14.1%) $303,103 (4.5%) 0.86 747
2019-01-01 $254,900 (12.2%) $305,684 (4.7%) 0.88 661
2019-02-01 $258,550 (9.1%) $306,460 (3.8%) 0.87 683
2019-03-01 $264,186 (10.2%) $312,894 (6.9%) 0.86 682
2019-04-01 $266,735 (11.2%) $313,952 (5.0%) 0.85 703
2019-05-01 $269,900 (12.1%) $314,092 (3.7%) 0.84 743
2019-06-01 $269,900 (4.9%) $308,976 (-0.2%) 0.84 763
2019-07-01 $261,677 (-2.5%) $299,888 (-6.1%) 0.82 789
2019-08-01 $253,536 (-6.1%) $293,995 (-8.9%) 0.80 790
2019-09-01 $251,491 (-5.1%) $289,568 (-9.0%) 0.80 796
2019-10-01 $249,900 (-2.9%) $287,917 (-6.7%) 0.81 807
2019-11-01 $249,700 (-0.1%) $290,924 (-3.1%) 0.82 822
2019-12-01 $249,900 (0.0%) $299,469 (-1.2%) 0.83 689
2020-01-01 $252,900 (-0.8%) $299,539 (-2.0%) 0.85 630
2020-02-01 $259,900 (0.5%) $304,698 (-0.6%) 0.85 613
2020-03-01 $261,450 (-1.0%) $311,228 (-0.5%) 0.82 587
2020-04-01 $259,400 (-2.8%) $306,893 (-2.3%) 0.81 600
2020-05-01 $259,900 (-3.7%) $306,493 (-2.4%) 0.79 578
2020-06-01 $264,175 (-2.1%) $318,364 (3.0%) 0.78 523
2020-07-01 $269,900 (3.1%) $321,047 (7.1%) 0.78 474
2020-08-01 $269,900 (6.5%) $325,646 (10.8%) 0.77 442
2020-09-01 $268,250 (6.7%) $336,088 (16.1%) 0.77 415
2020-10-01 $264,900 (6.0%) $335,450 (16.5%) 0.76 386
2020-11-01 $244,725 (-2.0%) $304,672 (4.7%) 0.72 399
2020-12-01 $239,900 (-4.0%) $299,780 (0.1%) 0.71 383
2021-01-01 $249,900 (-1.2%) $306,925 (2.5%) 0.75 337
2021-02-01 $249,225 (-4.1%) $304,296 (-0.1%) 0.73 282
2021-03-01 $253,675 (-3.0%) $311,208 (0.0%) 0.72 287
2021-04-01 $262,400 (1.2%) $328,906 (7.2%) 0.71 229
2021-05-01 $269,900 (3.9%) $353,921 (15.5%) 0.72 224
2021-06-01 $264,900 (0.3%) $356,860 (12.1%) 0.70 236
2021-07-01 $269,900 (0.0%) $370,869 (15.5%) 0.71 285
2021-08-01 $285,950 (6.0%) $372,077 (14.3%) 0.76 319
2021-09-01 $283,725 (5.8%) $370,990 (10.4%) 0.76 345
2021-10-01 $284,950 (7.6%) $376,185 (12.1%) 0.76 359
2021-11-01 $296,450 (21.1%) $381,667 (25.3%) 0.79 360
2021-12-01 $299,225 (24.7%) $381,791 (27.4%) 0.81 314
2022-01-01 $289,900 (16.0%) $378,813 (23.4%) 0.78 254
2022-02-01 $297,950 (19.6%) $372,264 (22.3%) 0.77 226
2022-03-01 $298,675 (17.7%) $397,300 (27.7%) 0.75 187
2022-04-01 $309,900 (18.1%) $405,316 (23.2%) 0.74 199
2022-05-01 $305,200 (13.1%) $402,446 (13.7%) 0.70 224
2022-06-01 $324,900 (22.7%) $401,342 (12.5%) 0.72 269
2022-07-01 $329,900 (22.2%) $395,778 (6.7%) 0.74 354
2022-08-01 $333,406 (16.6%) $397,987 (7.0%) 0.77 355
2022-09-01 $338,088 (19.2%) $399,354 (7.7%) 0.79 358
2022-10-01 $336,900 (18.2%) $409,060 (8.7%) 0.79 398
2022-11-01 $329,795 (11.3%) $658,635 (72.6%) 0.79 436
2022-12-01 $322,900 (7.9%) $393,624 (3.1%) 0.80 419
2023-01-01 $318,900 (10.0%) $392,072 (3.5%) 0.79 385
2023-02-01 $332,400 (11.6%) $397,890 (6.9%) 0.80 399
2023-03-01 $331,200 (10.9%) $401,671 (1.1%) 0.78 406
2023-04-01 $339,700 (9.6%) $406,963 (0.4%) 0.79 406
2023-05-01 $346,950 (13.7%) $422,286 (4.9%) 0.79 421
2023-06-01 $353,647 (8.9%) $428,433 (6.8%) 0.79 466
2023-07-01 $345,000 (4.6%) $422,260 (6.7%) 0.78 491
2023-08-01 $337,400 (1.2%) $413,040 (3.8%) 0.77 525
2023-09-01 $324,900 (-3.9%) $400,513 (0.3%) 0.76 548
2023-10-01 $326,450 (-3.1%) $393,743 (-3.7%) 0.77 574
2023-11-01 $319,175 (-3.2%) $383,312 (-41.8%) 0.76 594
2023-12-01 $305,000 (-5.5%) $369,627 (-6.1%) 0.74 602
2024-01-01 $309,400 (-3.0%) $366,833 (-6.4%) 0.76 571
2024-02-01 $309,900 (-6.8%) $371,778 (-6.6%) 0.75 584
2024-03-01 $314,950 (-4.9%) $385,897 (-3.9%) 0.74 597
2024-04-01 $324,650 (-4.4%) $394,895 (-3.0%) 0.76 623
2024-05-01 $324,950 (-6.3%) $398,206 (-5.7%) 0.73 621
Bowling Green's median listing price for 2024-05-01 was $324,950, a difference of $-22,000 (-6.3%) versus the prior year and $300 versus the prior month.

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

Bowling Green's average listing price for 2024-05-01 was $398,206, a difference of $-24,080 (-5.7%) versus the prior year and $3,311 versus the prior month.

For the 2024-05-01 period, Bowling Green had 621 MLS listings, a difference of -2 listings (0%) versus the prior month and 200 listings (48%) 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 94 days 2,001 sqft
2018-02-01 94 days 2,005 sqft
2018-03-01 67 days 2,003 sqft
2018-04-01 60 days 2,054 sqft
2018-05-01 59 days 2,070 sqft
2018-06-01 54 days 2,165 sqft
2018-07-01 58 days 2,212 sqft
2018-08-01 61 days 2,282 sqft
2018-09-01 68 days 2,250 sqft
2018-10-01 71 days 2,194 sqft
2018-11-01 73 days 2,122 sqft
2018-12-01 85 days 2,100 sqft
2019-01-01 88 days 2,100 sqft
2019-02-01 87 days 2,100 sqft
2019-03-01 81 days 2,147 sqft
2019-04-01 74 days 2,171 sqft
2019-05-01 63 days 2,176 sqft
2019-06-01 59 days 2,180 sqft
2019-07-01 61 days 2,161 sqft
2019-08-01 62 days 2,092 sqft
2019-09-01 66 days 2,067 sqft
2019-10-01 68 days 2,054 sqft
2019-11-01 71 days 2,036 sqft
2019-12-01 81 days 2,014 sqft
2020-01-01 95 days 2,017 sqft
2020-02-01 99 days 2,049 sqft
2020-03-01 76 days 2,076 sqft
2020-04-01 68 days 2,029 sqft
2020-05-01 74 days 2,013 sqft
2020-06-01 75 days 2,050 sqft
2020-07-01 73 days 2,061 sqft
2020-08-01 68 days 2,075 sqft
2020-09-01 55 days 2,053 sqft
2020-10-01 57 days 2,000 sqft
2020-11-01 51 days 1,851 sqft
2020-12-01 58 days 1,837 sqft
2021-01-01 73 days 1,857 sqft
2021-02-01 66 days 1,796 sqft
2021-03-01 45 days 1,830 sqft
2021-04-01 39 days 1,812 sqft
2021-05-01 38 days 1,860 sqft
2021-06-01 32 days 1,798 sqft
2021-07-01 31 days 1,848 sqft
2021-08-01 32 days 1,900 sqft
2021-09-01 37 days 1,913 sqft
2021-10-01 44 days 1,866 sqft
2021-11-01 49 days 1,945 sqft
2021-12-01 52 days 1,988 sqft
2022-01-01 65 days 1,851 sqft
2022-02-01 50 days 1,813 sqft
2022-03-01 37 days 1,821 sqft
2022-04-01 26 days 1,830 sqft
2022-05-01 31 days 1,854 sqft
2022-06-01 31 days 1,967 sqft
2022-07-01 33 days 2,008 sqft
2022-08-01 46 days 1,942 sqft
2022-09-01 49 days 1,946 sqft
2022-10-01 45 days 1,980 sqft
2022-11-01 52 days 1,953 sqft
2022-12-01 64 days 1,942 sqft
2023-01-01 79 days 1,932 sqft
2023-02-01 62 days 1,922 sqft
2023-03-01 51 days 1,920 sqft
2023-04-01 58 days 1,926 sqft
2023-05-01 53 days 1,967 sqft
2023-06-01 46 days 1,979 sqft
2023-07-01 47 days 1,914 sqft
2023-08-01 51 days 1,898 sqft
2023-09-01 54 days 1,820 sqft
2023-10-01 63 days 1,819 sqft
2023-11-01 68 days 1,801 sqft
2023-12-01 74 days 1,723 sqft
2024-01-01 79 days 1,735 sqft
2024-02-01 67 days 1,748 sqft
2024-03-01 52 days 1,750 sqft
2024-04-01 52 days 1,770 sqft
2024-05-01 54 days 1,807 sqft
Bowling Green's median listing age (time on market) for 2024-05-01 was 54 days. This is 1% longer than the same period one year ago.

Bowling Green's median square footage for active listings during the 2024-05-01 period was 1,807 sqft. One year prior, the average listing was 1,967 sqft.