Danville USDA Loan Rates, Closing Costs & Stats
Danville, 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.
Danville's 15 lenders originated 38 USDA loans during 2023. The total origination value was $6,230,000, with an average USDA loan value of $163,947.
Danville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Danville
averaged
-0.24%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Danville's average USDA mortgage closing costs are $4,476.
The average rate for the prior week (2024-11-22) was
6.56% and
one month ago for the week of 2024-10-25, the
average rate was 6.06%.
The average rate one year ago was 6.97%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.2%.
Danville 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 Danville level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
Republic State Mortgage Co. | 8 | 6.59% | $6,353 |
GENEVA FINANCIAL, LLC | 7 | 6.29% | $6,828 |
STOCKTON MORTGAGE CORPORATION | 5 | 6.93% | $5,409 |
Renasant Bank | 4 | 6.63% | $4,342 |
GoPrime Mortgage, Inc. | 3 | 6.67% | $6,932 |
HOMESIDE FINANCIAL, LLC | 2 | 6.38% | $6,586 |
NEWREZ LLC | 1 | 6.25% | $5,872 |
SOUTH CENTRAL BANK, INC. | 1 | 6.63% | $5,441 |
BROKER SOLUTIONS, INC. | 1 | 6.75% | $9,956 |
UNION HOME MORTGAGE CORP. | 1 | 6.25% | $8,003 |
Citizens Bank | 1 | 7.13% | $7,070 |
FIRST COMMUNITY MORTGAGE, INC. | 1 | 6.50% | $5,765 |
Magnolia Bank | 1 | 6.50% | $5,165 |
MID AMERICA MORTGAGE, INC. | 1 | 6.00% | $8,478 |
MORTGAGE SOLUTIONS OF COLORADO, LLC | 1 | 5.75% | $11,211 |
The top Danville USDA lender as defined by loan originations is Republic State Mortgage Co., with
8 USDA loans originated. Their average total fees are
$6,353, which is $476
lower than the next largest lender,
GENEVA FINANCIAL, LLC.
The lowest fee Danville USDA lenders (with over 10 loans originated) are
.
The lowest rate Danville USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Danville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $165,000 (24.2%) | $239,920 (25.3%) | 0.00 | 202 |
2018-02-01 | $167,450 (28.9%) | $242,047 (25.1%) | 0.00 | 205 |
2018-03-01 | $166,750 (28.3%) | $234,894 (21.0%) | 0.00 | 210 |
2018-04-01 | $185,800 (38.1%) | $241,559 (22.1%) | 0.00 | 208 |
2018-05-01 | $189,950 (19.2%) | $246,182 (16.3%) | 0.00 | 230 |
2018-06-01 | $184,500 (15.4%) | $237,007 (9.2%) | 0.00 | 244 |
2018-07-01 | $179,900 (12.5%) | $238,793 (3.0%) | 0.00 | 244 |
2018-08-01 | $179,450 (12.2%) | $246,224 (8.6%) | 0.00 | 229 |
2018-09-01 | $174,450 (10.1%) | $241,817 (6.8%) | 0.00 | 226 |
2018-10-01 | $166,325 (0.2%) | $230,661 (-3.7%) | 0.00 | 231 |
2018-11-01 | $172,200 (1.8%) | $228,824 (-8.0%) | 0.00 | 226 |
2018-12-01 | $159,900 (-3.1%) | $224,662 (-8.2%) | 0.00 | 218 |
2019-01-01 | $159,900 (-3.1%) | $215,364 (-10.2%) | 0.00 | 204 |
2019-02-01 | $159,800 (-4.6%) | $216,769 (-10.4%) | 0.00 | 211 |
2019-03-01 | $164,071 (-1.6%) | $223,283 (-4.9%) | 0.00 | 216 |
2019-04-01 | $172,425 (-7.2%) | $236,284 (-2.2%) | 0.00 | 215 |
2019-05-01 | $179,900 (-5.3%) | $245,555 (-0.3%) | 0.00 | 207 |
2019-06-01 | $185,000 (0.3%) | $241,306 (1.8%) | 0.00 | 212 |
2019-07-01 | $185,700 (3.2%) | $242,329 (1.5%) | 0.00 | 214 |
2019-08-01 | $177,041 (-1.3%) | $243,501 (-1.1%) | 0.00 | 215 |
2019-09-01 | $173,052 (-0.8%) | $243,304 (0.6%) | 0.00 | 209 |
2019-10-01 | $172,118 (3.5%) | $243,192 (5.4%) | 0.00 | 204 |
2019-11-01 | $169,000 (-1.9%) | $240,226 (5.0%) | 0.00 | 188 |
2019-12-01 | $167,175 (4.6%) | $238,391 (6.1%) | 0.00 | 174 |
2020-01-01 | $159,600 (-0.2%) | $228,036 (5.9%) | 0.00 | 165 |
2020-02-01 | $175,200 (9.6%) | $245,615 (13.3%) | 0.00 | 162 |
2020-03-01 | $191,000 (16.4%) | $261,585 (17.2%) | 0.00 | 153 |
2020-04-01 | $199,500 (15.7%) | $263,841 (11.7%) | 0.00 | 138 |
2020-05-01 | $196,750 (9.4%) | $254,559 (3.7%) | 0.00 | 140 |
2020-06-01 | $194,000 (4.9%) | $254,090 (5.3%) | 0.00 | 125 |
2020-07-01 | $189,750 (2.2%) | $257,460 (6.2%) | 0.00 | 123 |
2020-08-01 | $182,400 (3.0%) | $265,253 (8.9%) | 0.00 | 118 |
2020-09-01 | $174,950 (1.1%) | $258,776 (6.4%) | 0.00 | 135 |
2020-10-01 | $174,900 (1.6%) | $253,924 (4.4%) | 0.00 | 139 |
2020-11-01 | $179,200 (6.0%) | $258,146 (7.5%) | 0.00 | 129 |
2020-12-01 | $173,375 (3.7%) | $250,857 (5.2%) | 0.00 | 115 |
2021-01-01 | $179,900 (12.7%) | $253,988 (11.4%) | 0.00 | 100 |
2021-02-01 | $199,000 (13.6%) | $276,516 (12.6%) | 0.00 | 87 |
2021-03-01 | $237,075 (24.1%) | $300,125 (14.7%) | 0.00 | 80 |
2021-04-01 | $237,250 (18.9%) | $293,114 (11.1%) | 0.00 | 80 |
2021-05-01 | $262,250 (33.3%) | $264,937 (4.1%) | 0.00 | 81 |
2021-06-01 | $238,675 (23.0%) | $273,442 (7.6%) | 0.00 | 82 |
2021-07-01 | $249,000 (31.2%) | $296,060 (15.0%) | 0.00 | 106 |
2021-08-01 | $244,125 (33.8%) | $281,215 (6.0%) | 0.00 | 119 |
2021-09-01 | $228,475 (30.6%) | $294,333 (13.7%) | 0.00 | 128 |
2021-10-01 | $215,000 (22.9%) | $277,411 (9.3%) | 0.00 | 123 |
2021-11-01 | $199,900 (11.6%) | $262,289 (1.6%) | 0.00 | 116 |
2021-12-01 | $207,250 (19.5%) | $277,629 (10.7%) | 0.00 | 100 |
2022-01-01 | $199,000 (10.6%) | $274,458 (8.1%) | 0.00 | 88 |
2022-02-01 | $199,725 (0.4%) | $290,712 (5.1%) | 0.00 | 73 |
2022-03-01 | $227,400 (-4.1%) | $324,369 (8.1%) | 0.00 | 74 |
2022-04-01 | $229,500 (-3.3%) | $324,253 (10.6%) | 0.00 | 76 |
2022-05-01 | $251,175 (-4.2%) | $327,560 (23.6%) | 0.00 | 86 |
2022-06-01 | $251,200 (5.3%) | $335,415 (22.7%) | 0.00 | 117 |
2022-07-01 | $238,500 (-4.2%) | $319,396 (7.9%) | 0.00 | 128 |
2022-08-01 | $245,575 (0.6%) | $324,064 (15.2%) | 0.00 | 135 |
2022-09-01 | $257,875 (12.9%) | $323,392 (9.9%) | 0.00 | 138 |
2022-10-01 | $272,450 (26.7%) | $328,492 (18.4%) | 0.00 | 131 |
2022-11-01 | $264,900 (32.5%) | $317,525 (21.1%) | 0.00 | 129 |
2022-12-01 | $259,000 (25.0%) | $319,446 (15.1%) | 0.00 | 115 |
2023-01-01 | $247,425 (24.3%) | $312,019 (13.7%) | 0.00 | 108 |
2023-02-01 | $239,950 (20.1%) | $303,402 (4.4%) | 0.00 | 104 |
2023-03-01 | $255,500 (12.4%) | $323,842 (-0.2%) | 0.00 | 90 |
2023-04-01 | $274,999 (19.8%) | $345,312 (6.5%) | 0.00 | 87 |
2023-05-01 | $289,700 (15.3%) | $348,498 (6.4%) | 0.00 | 97 |
2023-06-01 | $290,425 (15.6%) | $334,246 (-0.4%) | 0.00 | 98 |
2023-07-01 | $283,000 (18.7%) | $323,281 (1.2%) | 0.00 | 101 |
2023-08-01 | $265,225 (8.0%) | $308,695 (-4.7%) | 0.00 | 115 |
2023-09-01 | $272,000 (5.5%) | $314,971 (-2.6%) | 0.00 | 129 |
2023-10-01 | $269,000 (-1.3%) | $331,035 (0.8%) | 0.00 | 128 |
2023-11-01 | $269,975 (1.9%) | $332,972 (4.9%) | 0.00 | 132 |
2023-12-01 | $269,000 (3.9%) | $332,005 (3.9%) | 0.00 | 147 |
2024-01-01 | $249,250 (0.7%) | $309,798 (-0.7%) | 0.00 | 140 |
2024-02-01 | $259,975 (8.4%) | $327,185 (7.8%) | 0.00 | 110 |
2024-03-01 | $284,900 (11.5%) | $347,509 (7.3%) | 0.00 | 100 |
2024-04-01 | $283,650 (3.2%) | $330,054 (-4.4%) | 0.00 | 115 |
2024-05-01 | $284,800 (-1.7%) | $356,270 (2.2%) | 0.00 | 136 |
2024-06-01 | $289,500 (-0.3%) | $382,593 (14.5%) | 0.00 | 157 |
2024-07-01 | $282,300 (-0.3%) | $374,532 (15.9%) | 0.00 | 168 |
2024-08-01 | $284,000 (7.1%) | $378,469 (22.6%) | 0.00 | 159 |
2024-09-01 | $282,450 (3.8%) | $383,711 (21.8%) | 0.00 | 173 |
2024-10-01 | $292,450 (8.7%) | $367,540 (11.0%) | 0.00 | 185 |
Danville's median listing price comes in at 0% of the national average.
Danville's average listing price for 2024-10-01 was $367,540, a difference of $36,505 (11.0%) versus the prior year and $-16,171 versus the prior month.
For the 2024-10-01 period, Danville had 185 MLS listings, a difference of 12 listings (7%) versus the prior month and 57 listings (45%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Danville (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,928 sqft |
2018-02-01 | 0 days | 1,904 sqft |
2018-03-01 | 0 days | 1,907 sqft |
2018-04-01 | 0 days | 2,048 sqft |
2018-05-01 | 0 days | 2,147 sqft |
2018-06-01 | 0 days | 2,000 sqft |
2018-07-01 | 0 days | 1,975 sqft |
2018-08-01 | 0 days | 1,926 sqft |
2018-09-01 | 0 days | 1,915 sqft |
2018-10-01 | 0 days | 1,864 sqft |
2018-11-01 | 0 days | 1,914 sqft |
2018-12-01 | 0 days | 1,890 sqft |
2019-01-01 | 0 days | 1,816 sqft |
2019-02-01 | 0 days | 1,835 sqft |
2019-03-01 | 0 days | 1,834 sqft |
2019-04-01 | 0 days | 1,846 sqft |
2019-05-01 | 0 days | 1,873 sqft |
2019-06-01 | 0 days | 1,900 sqft |
2019-07-01 | 0 days | 1,921 sqft |
2019-08-01 | 0 days | 1,962 sqft |
2019-09-01 | 0 days | 1,904 sqft |
2019-10-01 | 0 days | 1,853 sqft |
2019-11-01 | 0 days | 1,788 sqft |
2019-12-01 | 0 days | 1,723 sqft |
2020-01-01 | 0 days | 1,730 sqft |
2020-02-01 | 0 days | 1,834 sqft |
2020-03-01 | 0 days | 1,908 sqft |
2020-04-01 | 0 days | 1,912 sqft |
2020-05-01 | 0 days | 1,900 sqft |
2020-06-01 | 0 days | 1,881 sqft |
2020-07-01 | 0 days | 1,869 sqft |
2020-08-01 | 0 days | 1,829 sqft |
2020-09-01 | 0 days | 1,697 sqft |
2020-10-01 | 0 days | 1,700 sqft |
2020-11-01 | 0 days | 1,742 sqft |
2020-12-01 | 0 days | 1,700 sqft |
2021-01-01 | 0 days | 1,700 sqft |
2021-02-01 | 0 days | 1,796 sqft |
2021-03-01 | 0 days | 1,875 sqft |
2021-04-01 | 0 days | 1,935 sqft |
2021-05-01 | 0 days | 1,871 sqft |
2021-06-01 | 0 days | 1,845 sqft |
2021-07-01 | 0 days | 1,892 sqft |
2021-08-01 | 0 days | 1,839 sqft |
2021-09-01 | 0 days | 1,809 sqft |
2021-10-01 | 0 days | 1,756 sqft |
2021-11-01 | 0 days | 1,639 sqft |
2021-12-01 | 0 days | 1,647 sqft |
2022-01-01 | 0 days | 1,597 sqft |
2022-02-01 | 0 days | 1,642 sqft |
2022-03-01 | 0 days | 1,634 sqft |
2022-04-01 | 0 days | 1,710 sqft |
2022-05-01 | 0 days | 1,808 sqft |
2022-06-01 | 0 days | 1,773 sqft |
2022-07-01 | 0 days | 1,800 sqft |
2022-08-01 | 0 days | 1,700 sqft |
2022-09-01 | 0 days | 1,760 sqft |
2022-10-01 | 0 days | 1,719 sqft |
2022-11-01 | 0 days | 1,735 sqft |
2022-12-01 | 0 days | 1,730 sqft |
2023-01-01 | 0 days | 1,665 sqft |
2023-02-01 | 0 days | 1,670 sqft |
2023-03-01 | 0 days | 1,725 sqft |
2023-04-01 | 0 days | 1,839 sqft |
2023-05-01 | 0 days | 2,005 sqft |
2023-06-01 | 0 days | 1,882 sqft |
2023-07-01 | 0 days | 1,804 sqft |
2023-08-01 | 0 days | 1,687 sqft |
2023-09-01 | 0 days | 1,740 sqft |
2023-10-01 | 0 days | 1,763 sqft |
2023-11-01 | 0 days | 1,774 sqft |
2023-12-01 | 0 days | 1,704 sqft |
2024-01-01 | 0 days | 1,738 sqft |
2024-02-01 | 0 days | 1,729 sqft |
2024-03-01 | 0 days | 1,665 sqft |
2024-04-01 | 0 days | 1,735 sqft |
2024-05-01 | 0 days | 1,889 sqft |
2024-06-01 | 0 days | 1,872 sqft |
2024-07-01 | 0 days | 1,786 sqft |
2024-08-01 | 0 days | 1,854 sqft |
2024-09-01 | 0 days | 1,875 sqft |
2024-10-01 | 0 days | 1,867 sqft |
Danville's median square footage for active listings during the 2024-10-01 period was 1,867 sqft. One year prior, the average listing was 1,763 sqft.