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%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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. Louis
Date 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 for 2024-10-01 was $292,450, a difference of $23,450 (8.7%) versus the prior year and $10,000 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2024-10-01 was 0 days.

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.