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 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.