Bowling Green USDA Loan Rates, Closing Costs & Stats

BOWLING GREEN, KY

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    • 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 6.4% for the week of 2023-01-27, compared to the national average (all USDA variants) of 6.195% for the same period.

    Bowling Green's average USDA mortgage closing costs are $4,535.

    The average rate for the prior week (2023-01-20) was 6.29% and one month ago for the week of 2022-12-23, the average rate was 6.12%.

    The average rate one year ago was 3.57%.

    For refis of the same type during the week of 2023-01-27, the average rate was 6.04%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    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 (0.9%) $293,805 (2.1%) 0.84 574
    2018-02-01 $238,700 (2.7%) $297,117 (-0.4%) 0.87 561
    2018-03-01 $239,900 (-2.4%) $294,198 (-3.0%) 0.84 574
    2018-04-01 $239,900 (-1.5%) $300,370 (-0.2%) 0.81 590
    2018-05-01 $244,625 (-0.8%) $304,368 (0.0%) 0.82 631
    2018-06-01 $257,250 (1.4%) $309,875 (-0.8%) 0.86 643
    2018-07-01 $267,750 (7.1%) $319,039 (5.9%) 0.89 658
    2018-08-01 $269,900 (8.0%) $322,644 (5.2%) 0.90 695
    2018-09-01 $264,900 (10.4%) $318,026 (4.3%) 0.89 717
    2018-10-01 $257,450 (8.7%) $308,613 (1.2%) 0.87 754
    2018-11-01 $249,900 (8.9%) $300,366 (0.1%) 0.85 778
    2018-12-01 $249,900 (13.6%) $303,311 (4.0%) 0.86 746
    2019-01-01 $254,900 (12.1%) $305,802 (4.1%) 0.88 661
    2019-02-01 $258,550 (8.3%) $306,460 (3.1%) 0.87 683
    2019-03-01 $264,186 (10.1%) $312,960 (6.4%) 0.86 682
    2019-04-01 $266,735 (11.2%) $313,336 (4.3%) 0.85 703
    2019-05-01 $269,900 (10.3%) $314,069 (3.2%) 0.84 744
    2019-06-01 $269,900 (4.9%) $308,874 (-0.3%) 0.84 764
    2019-07-01 $261,355 (-2.4%) $299,670 (-6.1%) 0.82 790
    2019-08-01 $253,536 (-6.1%) $293,800 (-8.9%) 0.80 792
    2019-09-01 $251,491 (-5.1%) $289,401 (-9.0%) 0.80 798
    2019-10-01 $249,900 (-2.9%) $287,769 (-6.8%) 0.81 810
    2019-11-01 $249,500 (-0.2%) $290,774 (-3.2%) 0.82 825
    2019-12-01 $249,900 (0.0%) $299,253 (-1.3%) 0.83 692
    2020-01-01 $250,650 (-1.7%) $299,248 (-2.1%) 0.84 633
    2020-02-01 $259,900 (0.5%) $304,178 (-0.7%) 0.85 616
    2020-03-01 $259,900 (-1.6%) $310,286 (-0.9%) 0.81 591
    2020-04-01 $254,200 (-4.7%) $306,004 (-2.3%) 0.80 605
    2020-05-01 $259,900 (-3.7%) $305,561 (-2.7%) 0.79 582
    2020-06-01 $262,925 (-2.6%) $317,364 (2.8%) 0.77 527
    2020-07-01 $269,900 (3.3%) $319,927 (6.8%) 0.78 478
    2020-08-01 $269,900 (6.5%) $324,545 (10.5%) 0.77 445
    2020-09-01 $265,400 (5.5%) $334,873 (15.7%) 0.76 418
    2020-10-01 $262,000 (4.8%) $334,162 (16.1%) 0.75 389
    2020-11-01 $242,450 (-2.8%) $304,062 (4.6%) 0.71 402
    2020-12-01 $239,900 (-4.0%) $298,715 (-0.2%) 0.71 386
    2021-01-01 $249,900 (-0.3%) $305,654 (2.1%) 0.75 340
    2021-02-01 $239,900 (-7.7%) $302,772 (-0.5%) 0.70 285
    2021-03-01 $249,900 (-3.9%) $309,673 (-0.2%) 0.71 290
    2021-04-01 $259,900 (2.2%) $326,738 (6.8%) 0.70 232
    2021-05-01 $262,400 (1.0%) $351,412 (15.0%) 0.69 227
    2021-06-01 $264,900 (0.8%) $354,535 (11.7%) 0.70 239
    2021-07-01 $269,900 (0.0%) $368,098 (15.1%) 0.71 290
    2021-08-01 $282,425 (4.6%) $369,849 (14.0%) 0.75 323
    2021-09-01 $279,850 (5.4%) $368,875 (10.2%) 0.75 349
    2021-10-01 $279,900 (6.8%) $373,936 (11.9%) 0.75 361
    2021-11-01 $292,450 (20.6%) $378,130 (24.4%) 0.78 362
    2021-12-01 $296,875 (23.8%) $377,545 (26.4%) 0.80 317
    2022-01-01 $289,900 (16.0%) $376,257 (23.1%) 0.78 255
    2022-02-01 $294,900 (22.9%) $369,563 (22.1%) 0.77 229
    2022-03-01 $297,400 (19.0%) $393,737 (27.2%) 0.74 190
    2022-04-01 $307,900 (18.5%) $401,465 (22.9%) 0.73 203
    2022-05-01 $303,400 (15.6%) $398,884 (13.5%) 0.69 228
    2022-06-01 $324,826 (22.6%) $399,242 (12.6%) 0.72 273
    2022-07-01 $329,900 (22.2%) $394,731 (7.2%) 0.75 356
    2022-08-01 $332,450 (17.7%) $396,381 (7.2%) 0.77 359
    2022-09-01 $337,066 (20.5%) $397,280 (7.7%) 0.79 362
    2022-10-01 $334,900 (19.7%) $407,306 (8.9%) 0.79 403
    2022-11-01 $328,623 (12.4%) $654,282 (73.0%) 0.79 441
    2022-12-01 $314,950 (6.1%) $383,455 (1.6%) 0.79 441
    Bowling Green's median listing price for 2022-12-01 was $314,950, a difference of $18,075 (6.1%) versus the prior year and $-13,673 versus the prior month.

    Bowling Green's median listing price comes in at 79% of the national average.

    Bowling Green's average listing price for 2022-12-01 was $383,455, a difference of $5,910 (1.6%) versus the prior year and $-270,827 versus the prior month.

    For the 2022-12-01 period, Bowling Green had 441 MLS listings, a difference of 0 listings (0%) versus the prior month and 124 listings (39%) 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 1,998 sqft
    2018-02-01 99 days 2,003 sqft
    2018-03-01 74 days 2,002 sqft
    2018-04-01 65 days 2,064 sqft
    2018-05-01 63 days 2,082 sqft
    2018-06-01 60 days 2,180 sqft
    2018-07-01 61 days 2,216 sqft
    2018-08-01 65 days 2,284 sqft
    2018-09-01 72 days 2,263 sqft
    2018-10-01 74 days 2,196 sqft
    2018-11-01 76 days 2,122 sqft
    2018-12-01 87 days 2,100 sqft
    2019-01-01 90 days 2,100 sqft
    2019-02-01 89 days 2,100 sqft
    2019-03-01 84 days 2,146 sqft
    2019-04-01 78 days 2,169 sqft
    2019-05-01 65 days 2,176 sqft
    2019-06-01 61 days 2,180 sqft
    2019-07-01 65 days 2,162 sqft
    2019-08-01 66 days 2,093 sqft
    2019-09-01 69 days 2,066 sqft
    2019-10-01 72 days 2,052 sqft
    2019-11-01 72 days 2,036 sqft
    2019-12-01 83 days 2,013 sqft
    2020-01-01 99 days 2,016 sqft
    2020-02-01 102 days 2,043 sqft
    2020-03-01 81 days 2,072 sqft
    2020-04-01 71 days 2,028 sqft
    2020-05-01 77 days 2,008 sqft
    2020-06-01 80 days 2,050 sqft
    2020-07-01 78 days 2,060 sqft
    2020-08-01 72 days 2,074 sqft
    2020-09-01 60 days 2,047 sqft
    2020-10-01 61 days 2,000 sqft
    2020-11-01 54 days 1,851 sqft
    2020-12-01 61 days 1,834 sqft
    2021-01-01 78 days 1,853 sqft
    2021-02-01 70 days 1,787 sqft
    2021-03-01 47 days 1,829 sqft
    2021-04-01 44 days 1,809 sqft
    2021-05-01 40 days 1,858 sqft
    2021-06-01 36 days 1,793 sqft
    2021-07-01 32 days 1,843 sqft
    2021-08-01 33 days 1,899 sqft
    2021-09-01 38 days 1,907 sqft
    2021-10-01 45 days 1,863 sqft
    2021-11-01 53 days 1,936 sqft
    2021-12-01 53 days 1,982 sqft
    2022-01-01 66 days 1,850 sqft
    2022-02-01 52 days 1,813 sqft
    2022-03-01 39 days 1,821 sqft
    2022-04-01 26 days 1,841 sqft
    2022-05-01 32 days 1,854 sqft
    2022-06-01 32 days 1,963 sqft
    2022-07-01 36 days 2,006 sqft
    2022-08-01 48 days 1,942 sqft
    2022-09-01 49 days 1,954 sqft
    2022-10-01 46 days 1,985 sqft
    2022-11-01 52 days 1,954 sqft
    2022-12-01 67 days 1,942 sqft
    Bowling Green's median listing age (time on market) for 2022-12-01 was 67 days. This is 27% longer than the same period one year ago.

    Bowling Green's median square footage for active listings during the 2022-12-01 period was 1,942 sqft. One year prior, the average listing was 1,982 sqft.