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 39 lenders originated 159 USDA loans during 2022. The total origination value was $30,995,000, with an average USDA loan value of $194,937.

Bowling Green USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Bowling Green averaged 6.45% for the week of 2024-02-16, compared to the national average (all USDA variants) of 6.685% for the same period.

Bowling Green's average USDA mortgage closing costs are $4,732.

The average rate for the prior week (2024-02-09) was 5.99% and one month ago for the week of 2024-01-12, the average rate was 6.21%.

The average rate one year ago was 5.54%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.71%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 33 4.72% $6,959
RUOFF MORTGAGE COMPANY, INC. 17 4.58% $2,596
SOUTH CENTRAL BANK, INC. 9 4.18% $4,555
STOCKTON MORTGAGE CORPORATION 9 5.14% $6,364
PRIMARY RESIDENTIAL MORTGAGE, INC. 8 4.36% $5,122
Edmonton State Bank 8 4.97% $5,963
EVANSVILLE TEACHERS 7 4.09% $5,493
Citizens Bank 6 3.77% $3,528
Century Mortgage Company DBA Century Lending Company 6 3.71% $7,185
Magnolia Bank 6 4.96% $5,316
German American Bank 4 4.84% $5,346
U.S. Bank 4 5.19% $5,263
UNITED WHOLESALE MORTGAGE, LLC 4 3.59% $6,089
MOVEMENT MORTGAGE, LLC 3 5.42% $9,293
FBC MORTGAGE, LLC 3 4.46% $7,787
Truist 2 2.88% $5,710
FIRST COMMUNITY MORTGAGE, INC. 2 6.56% $5,362
GENEVA FINANCIAL, LLC 2 3.94% $7,336
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 4.62% $4,846
Bank of England 2 4.63% $6,518
EVERETT FINANCIAL, INC. 2 5.63% $4,245
Paramount Residential Mortgage Group, Inc. 2 4.44% $7,767
HOMESTAR FINANCIAL CORPORATION 1 4.00% $3,400
AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $9,074
CMG MORTGAGE, INC. 1 5.75% $9,886
Colten Mortgage, LLC 1 4.25% $6,248
DHI MORTGAGE COMPANY, LTD. 1 4.75% $4,398
EUSTIS AND AMERICAN MORTGAGE COMPANY 1 3.25% $5,002
FirstBank 1 6.63% $6,082
ACOPIA, LLC 1 3.63% $7,572
MUTUAL OF OMAHA MORTGAGE, INC. 1 4.75% $7,026
Nations Lending Corporation 1 4.75% $4,398
NFM, INC. 1 3.63% $6,553
ROSS MORTGAGE CORPORATION 1 4.75% $6,733
SOUTHWEST FUNDING, LP 1 4.13% $6,078
SUCCESS MORTGAGE PARTNERS, INC. 1 4.00% $9,180
The Home Loan Expert LLC 1 5.00% $5,174
THE MORTGAGE WAREHOUSE,LLC 1 7.00% $5,334
THRIVE MORTGAGE, LLC 1 5.25% $4,760

The top Bowling Green USDA lender as defined by loan originations is ATLANTIC BAY MORTGAGE GROUP, L.L.C., with 33 USDA loans originated. Their average total fees are $6,959, which is $4,363 higher than the next largest lender, RUOFF MORTGAGE COMPANY, INC..

The lowest fee Bowling Green USDA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($2,596), ATLANTIC BAY MORTGAGE GROUP, L.L.C. ($6,959), .

The lowest rate Bowling Green USDA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. (4.58%), ATLANTIC BAY MORTGAGE GROUP, L.L.C. (4.72%), .


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%) $292,288 (2.2%) 0.84 570
2018-02-01 $236,950 (2.0%) $295,152 (-0.6%) 0.86 557
2018-03-01 $239,500 (-3.0%) $292,603 (-3.2%) 0.84 570
2018-04-01 $239,900 (-1.5%) $298,927 (-0.1%) 0.81 587
2018-05-01 $240,203 (-2.6%) $303,036 (0.1%) 0.80 626
2018-06-01 $255,000 (1.0%) $309,652 (-0.3%) 0.85 641
2018-07-01 $267,750 (7.1%) $319,412 (6.7%) 0.89 657
2018-08-01 $269,925 (8.0%) $322,782 (6.0%) 0.90 694
2018-09-01 $264,900 (10.4%) $318,069 (4.2%) 0.89 715
2018-10-01 $257,450 (8.7%) $308,629 (1.1%) 0.87 753
2018-11-01 $249,900 (9.5%) $300,317 (0.7%) 0.85 778
2018-12-01 $249,900 (14.1%) $303,002 (4.5%) 0.86 746
2019-01-01 $254,875 (12.1%) $305,576 (4.6%) 0.88 660
2019-02-01 $258,400 (9.1%) $306,354 (3.8%) 0.87 682
2019-03-01 $264,186 (10.3%) $312,759 (6.9%) 0.86 680
2019-04-01 $266,686 (11.2%) $313,772 (5.0%) 0.85 700
2019-05-01 $269,900 (12.4%) $313,915 (3.6%) 0.84 740
2019-06-01 $269,900 (5.8%) $308,784 (-0.3%) 0.84 760
2019-07-01 $260,552 (-2.7%) $299,689 (-6.2%) 0.82 787
2019-08-01 $253,536 (-6.1%) $293,875 (-9.0%) 0.80 789
2019-09-01 $251,491 (-5.1%) $289,574 (-9.0%) 0.80 794
2019-10-01 $249,900 (-2.9%) $288,001 (-6.7%) 0.81 805
2019-11-01 $249,500 (-0.2%) $291,110 (-3.1%) 0.82 819
2019-12-01 $249,900 (0.0%) $299,372 (-1.2%) 0.83 687
2020-01-01 $250,650 (-1.7%) $299,432 (-2.0%) 0.84 628
2020-02-01 $259,900 (0.6%) $304,667 (-0.6%) 0.85 609
2020-03-01 $259,900 (-1.6%) $311,150 (-0.5%) 0.81 585
2020-04-01 $258,300 (-3.1%) $306,803 (-2.2%) 0.81 599
2020-05-01 $259,900 (-3.7%) $306,399 (-2.4%) 0.79 576
2020-06-01 $262,925 (-2.6%) $318,323 (3.1%) 0.77 521
2020-07-01 $269,900 (3.6%) $321,220 (7.2%) 0.78 472
2020-08-01 $269,900 (6.5%) $326,147 (11.0%) 0.77 440
2020-09-01 $268,850 (6.9%) $336,722 (16.3%) 0.77 414
2020-10-01 $264,900 (6.0%) $336,112 (16.7%) 0.76 385
2020-11-01 $244,725 (-1.9%) $305,209 (4.8%) 0.72 397
2020-12-01 $239,900 (-4.0%) $300,275 (0.3%) 0.71 381
2021-01-01 $249,900 (-0.3%) $307,529 (2.7%) 0.75 335
2021-02-01 $249,225 (-4.1%) $304,296 (-0.1%) 0.73 281
2021-03-01 $253,675 (-2.4%) $311,551 (0.1%) 0.72 286
2021-04-01 $262,400 (1.6%) $328,906 (7.2%) 0.71 229
2021-05-01 $269,900 (3.9%) $354,912 (15.8%) 0.72 223
2021-06-01 $264,900 (0.8%) $356,878 (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 (14.1%) 0.76 319
2021-09-01 $283,725 (5.5%) $370,990 (10.2%) 0.76 345
2021-10-01 $284,950 (7.6%) $376,185 (11.9%) 0.76 359
2021-11-01 $296,450 (21.1%) $381,667 (25.1%) 0.79 360
2021-12-01 $299,225 (24.7%) $381,791 (27.2%) 0.81 314
2022-01-01 $289,900 (16.0%) $378,813 (23.2%) 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 (27.5%) 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 (13.4%) 0.70 223
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 $328,623 (10.9%) $658,635 (72.6%) 0.79 435
2022-12-01 $322,400 (7.8%) $393,523 (3.1%) 0.80 418
2023-01-01 $318,900 (10.0%) $392,098 (3.5%) 0.79 384
2023-02-01 $331,150 (11.1%) $397,849 (6.9%) 0.80 398
2023-03-01 $329,925 (10.5%) $401,639 (1.1%) 0.78 405
2023-04-01 $339,500 (9.6%) $406,944 (0.4%) 0.79 405
2023-05-01 $345,450 (13.2%) $422,224 (4.9%) 0.78 419
2023-06-01 $353,100 (8.7%) $428,281 (6.7%) 0.79 465
2023-07-01 $345,000 (4.6%) $422,066 (6.6%) 0.78 489
2023-08-01 $337,400 (1.2%) $412,973 (3.8%) 0.77 524
2023-09-01 $324,900 (-3.9%) $400,431 (0.3%) 0.76 547
2023-10-01 $325,725 (-3.3%) $393,656 (-3.8%) 0.77 573
2023-11-01 $318,175 (-3.2%) $383,322 (-41.8%) 0.76 594
2023-12-01 $305,000 (-5.4%) $369,627 (-6.1%) 0.74 602
Bowling Green's median listing price for 2023-12-01 was $305,000, a difference of $-17,400 (-5.4%) versus the prior year and $-13,175 versus the prior month.

Bowling Green's median listing price comes in at 74% of the national average.

Bowling Green's average listing price for 2023-12-01 was $369,627, a difference of $-23,896 (-6.1%) versus the prior year and $-13,695 versus the prior month.

For the 2023-12-01 period, Bowling Green had 602 MLS listings, a difference of 8 listings (1%) versus the prior month and 184 listings (44%) 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 2,004 sqft
2018-03-01 67 days 2,002 sqft
2018-04-01 60 days 2,054 sqft
2018-05-01 59 days 2,066 sqft
2018-06-01 54 days 2,159 sqft
2018-07-01 58 days 2,210 sqft
2018-08-01 61 days 2,283 sqft
2018-09-01 69 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 2,145 sqft
2019-04-01 74 days 2,169 sqft
2019-05-01 63 days 2,173 sqft
2019-06-01 59 days 2,180 sqft
2019-07-01 61 days 2,158 sqft
2019-08-01 62 days 2,090 sqft
2019-09-01 65 days 2,067 sqft
2019-10-01 68 days 2,055 sqft
2019-11-01 71 days 2,036 sqft
2019-12-01 81 days 2,012 sqft
2020-01-01 95 days 2,013 sqft
2020-02-01 99 days 2,043 sqft
2020-03-01 75 days 2,068 sqft
2020-04-01 68 days 2,023 sqft
2020-05-01 73 days 2,008 sqft
2020-06-01 75 days 2,043 sqft
2020-07-01 73 days 2,061 sqft
2020-08-01 68 days 2,075 sqft
2020-09-01 55 days 2,054 sqft
2020-10-01 57 days 2,000 sqft
2020-11-01 51 days 1,856 sqft
2020-12-01 58 days 1,844 sqft
2021-01-01 73 days 1,862 sqft
2021-02-01 66 days 1,796 sqft
2021-03-01 45 days 1,834 sqft
2021-04-01 39 days 1,812 sqft
2021-05-01 38 days 1,860 sqft
2021-06-01 32 days 1,794 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 1,944 sqft
2022-10-01 45 days 1,980 sqft
2022-11-01 52 days 1,953 sqft
2022-12-01 64 days 1,941 sqft
2023-01-01 79 days 1,932 sqft
2023-02-01 61 days 1,921 sqft
2023-03-01 51 days 1,920 sqft
2023-04-01 58 days 1,926 sqft
2023-05-01 53 days 1,963 sqft
2023-06-01 46 days 1,978 sqft
2023-07-01 47 days 1,914 sqft
2023-08-01 50 days 1,897 sqft
2023-09-01 53 days 1,820 sqft
2023-10-01 63 days 1,817 sqft
2023-11-01 67 days 1,801 sqft
2023-12-01 74 days 1,723 sqft
Bowling Green's median listing age (time on market) for 2023-12-01 was 74 days. This is 15% longer than the same period one year ago.

Bowling Green's median square footage for active listings during the 2023-12-01 period was 1,723 sqft. One year prior, the average listing was 1,941 sqft.