Bowling Green USDA Loans

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 5.1% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.43% and one month ago for the week of 2022-04-08, the average rate was 4.99%.

The average rate one year ago was 3.1%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.24%.

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 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. Total Fees
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 (1.1%) $294,374 (3.0%) 0.84 567
2018-02-01 $239,650 (2.2%) $297,569 (0.3%) 0.86 551
2018-03-01 $239,900 (-2.8%) $296,318 (-1.7%) 0.83 558
2018-04-01 $244,250 (0.1%) $302,951 (1.0%) 0.82 579
2018-05-01 $249,900 (0.2%) $305,877 (0.6%) 0.83 618
2018-06-01 $264,900 (2.6%) $312,867 (0.1%) 0.88 633
2018-07-01 $269,900 (8.0%) $319,565 (6.7%) 0.90 650
2018-08-01 $269,900 (8.0%) $320,783 (5.0%) 0.90 696
2018-09-01 $264,900 (8.8%) $317,659 (3.5%) 0.89 712
2018-10-01 $258,700 (8.0%) $308,555 (0.3%) 0.87 745
2018-11-01 $249,900 (8.8%) $300,324 (0.2%) 0.84 775
2018-12-01 $254,800 (18.0%) $303,668 (4.6%) 0.87 743
2019-01-01 $249,900 (9.9%) $303,205 (3.0%) 0.86 661
2019-02-01 $256,855 (7.2%) $304,212 (2.2%) 0.86 681
2019-03-01 $263,243 (9.7%) $309,214 (4.4%) 0.86 684
2019-04-01 $265,543 (8.7%) $308,317 (1.8%) 0.84 707
2019-05-01 $269,825 (8.0%) $312,394 (2.1%) 0.83 748
2019-06-01 $265,000 (0.0%) $308,036 (-1.5%) 0.82 764
2019-07-01 $259,055 (-4.0%) $298,592 (-6.6%) 0.81 798
2019-08-01 $252,186 (-6.6%) $296,800 (-7.5%) 0.79 794
2019-09-01 $249,900 (-5.7%) $298,632 (-6.0%) 0.79 792
2019-10-01 $249,900 (-3.4%) $294,018 (-4.7%) 0.80 819
2019-11-01 $249,900 (0.0%) $298,229 (-0.7%) 0.81 822
2019-12-01 $252,400 (-0.9%) $309,594 (2.0%) 0.84 698
2020-01-01 $258,900 (3.6%) $310,358 (2.4%) 0.86 643
2020-02-01 $259,900 (1.2%) $316,149 (3.9%) 0.84 616
2020-03-01 $259,900 (-1.3%) $321,200 (3.9%) 0.81 596
2020-04-01 $253,500 (-4.5%) $317,299 (2.9%) 0.79 610
2020-05-01 $259,900 (-3.7%) $319,939 (2.4%) 0.79 590
2020-06-01 $262,400 (-1.0%) $334,356 (8.5%) 0.77 537
2020-07-01 $269,900 (4.2%) $340,010 (13.9%) 0.77 486
2020-08-01 $269,900 (7.0%) $344,411 (16.0%) 0.77 464
2020-09-01 $269,450 (7.8%) $350,599 (17.4%) 0.77 428
2020-10-01 $264,900 (6.0%) $348,443 (18.5%) 0.76 398
2020-11-01 $247,000 (-1.2%) $311,546 (4.5%) 0.71 411
2020-12-01 $239,900 (-5.0%) $308,057 (-0.5%) 0.70 397
2021-01-01 $249,900 (-3.5%) $315,871 (1.8%) 0.74 353
2021-02-01 $244,450 (-5.9%) $308,911 (-2.3%) 0.70 296
2021-03-01 $252,400 (-2.9%) $313,063 (-2.5%) 0.71 297
2021-04-01 $259,900 (2.5%) $327,173 (3.1%) 0.70 235
2021-05-01 $269,900 (3.9%) $356,238 (11.4%) 0.71 231
2021-06-01 $264,900 (1.0%) $358,815 (7.3%) 0.69 241
2021-07-01 $269,900 (0.0%) $367,159 (8.0%) 0.70 284
2021-08-01 $289,000 (7.1%) $373,749 (8.5%) 0.76 328
2021-09-01 $280,250 (4.0%) $369,240 (5.3%) 0.74 353
2021-10-01 $279,900 (5.7%) $372,755 (7.0%) 0.74 372
2021-11-01 $291,400 (18.0%) $377,257 (21.1%) 0.77 531
2021-12-01 $299,900 (25.0%) $382,589 (24.2%) 0.80 324
2022-01-01 $289,900 (16.0%) $375,519 (18.9%) 0.77 260
2022-02-01 $299,200 (22.4%) $371,065 (20.1%) 0.76 231
2022-03-01 $297,400 (17.8%) $377,858 (20.7%) 0.73 189
2022-04-01 $300,000 (15.4%) $381,100 (16.5%) 0.71 198
Bowling Green's median listing price for 2022-04-01 was $300,000, a difference of $40,100 (15.4%) versus the prior year and $2,600 versus the prior month.

Bowling Green's median listing price comes in at 71% of the national average.

Bowling Green's average listing price for 2022-04-01 was $381,100, a difference of $53,927 (16.5%) versus the prior year and $3,242 versus the prior month.

For the 2022-04-01 period, Bowling Green had 198 MLS listings, a difference of 9 listings (5%) versus the prior month and -37 listings (-16%) 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 2,003 sqft
2018-02-01 96 days 2,037 sqft
2018-03-01 74 days 2,020 sqft
2018-04-01 65 days 2,083 sqft
2018-05-01 60 days 2,083 sqft
2018-06-01 59 days 2,240 sqft
2018-07-01 62 days 2,258 sqft
2018-08-01 63 days 2,288 sqft
2018-09-01 71 days 2,250 sqft
2018-10-01 74 days 2,192 sqft
2018-11-01 77 days 2,119 sqft
2018-12-01 87 days 2,100 sqft
2019-01-01 89 days 2,100 sqft
2019-02-01 88 days 2,100 sqft
2019-03-01 74 days 2,135 sqft
2019-04-01 74 days 2,153 sqft
2019-05-01 65 days 2,147 sqft
2019-06-01 60 days 2,179 sqft
2019-07-01 64 days 2,128 sqft
2019-08-01 70 days 2,083 sqft
2019-09-01 71 days 2,057 sqft
2019-10-01 70 days 2,060 sqft
2019-11-01 71 days 2,050 sqft
2019-12-01 81 days 2,033 sqft
2020-01-01 97 days 2,036 sqft
2020-02-01 99 days 2,050 sqft
2020-03-01 81 days 2,092 sqft
2020-04-01 69 days 2,031 sqft
2020-05-01 74 days 2,008 sqft
2020-06-01 77 days 2,043 sqft
2020-07-01 78 days 2,070 sqft
2020-08-01 72 days 2,092 sqft
2020-09-01 65 days 2,061 sqft
2020-10-01 59 days 2,000 sqft
2020-11-01 53 days 1,868 sqft
2020-12-01 59 days 1,850 sqft
2021-01-01 74 days 1,860 sqft
2021-02-01 71 days 1,796 sqft
2021-03-01 50 days 1,834 sqft
2021-04-01 42 days 1,798 sqft
2021-05-01 43 days 1,855 sqft
2021-06-01 38 days 1,810 sqft
2021-07-01 32 days 1,845 sqft
2021-08-01 35 days 1,942 sqft
2021-09-01 36 days 1,918 sqft
2021-10-01 17 days 1,865 sqft
2021-11-01 18 days 2,006 sqft
2021-12-01 21 days 2,033 sqft
2022-01-01 31 days 1,866 sqft
2022-02-01 48 days 1,820 sqft
2022-03-01 42 days 1,813 sqft
2022-04-01 31 days 1,824 sqft
Bowling Green's median listing age (time on market) for 2022-04-01 was 31 days. This is -25% shorter than the same period one year ago.

Bowling Green's median square footage for active listings during the 2022-04-01 period was 1,824 sqft. One year prior, the average listing was 1,798 sqft.