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 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 6.14% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.17% and one month ago for the week of 2024-11-08, the average rate was 6.59%.

    The average rate one year ago was 6.56%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.41%.

    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
    2024-06-01 $324,900 (-8.1%) $393,523 (-8.2%) 0.73 659
    2024-07-01 $322,450 (-6.5%) $385,087 (-8.8%) 0.74 710
    2024-08-01 $315,000 (-6.6%) $383,984 (-7.0%) 0.73 731
    2024-09-01 $315,000 (-3.1%) $381,997 (-4.6%) 0.74 764
    2024-10-01 $314,925 (-3.5%) $378,004 (-4.0%) 0.74 774
    2024-11-01 $314,500 (-1.5%) $373,457 (-2.6%) 0.75 815
    Bowling Green's median listing price for 2024-11-01 was $314,500, a difference of $-4,675 (-1.5%) versus the prior year and $-425 versus the prior month.

    Bowling Green's median listing price comes in at 75% of the national average.

    Bowling Green's average listing price for 2024-11-01 was $373,457, a difference of $-9,855 (-2.6%) versus the prior year and $-4,547 versus the prior month.

    For the 2024-11-01 period, Bowling Green had 815 MLS listings, a difference of 41 listings (5%) versus the prior month and 221 listings (37%) 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
    2024-06-01 51 days 1,797 sqft
    2024-07-01 51 days 1,752 sqft
    2024-08-01 60 days 1,721 sqft
    2024-09-01 61 days 1,708 sqft
    2024-10-01 64 days 1,705 sqft
    2024-11-01 69 days 1,699 sqft
    Bowling Green's median listing age (time on market) for 2024-11-01 was 69 days. This is 1% longer than the same period one year ago.

    Bowling Green's median square footage for active listings during the 2024-11-01 period was 1,699 sqft. One year prior, the average listing was 1,801 sqft.