Danville USDA Loan Rates, Closing Costs & Stats

Danville, 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.

    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 6.73% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Danville's average USDA mortgage closing costs are $4,476.

    The average rate for the prior week (2024-04-12) was 6.68% and one month ago for the week of 2024-03-15, the average rate was 6.36%.

    The average rate one year ago was 6.1%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

    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
    Danville's median listing price for 2024-03-01 was $284,900, a difference of $29,400 (11.5%) versus the prior year and $24,925 versus the prior month.

    Danville's median listing price comes in at 0% of the national average.

    Danville's average listing price for 2024-03-01 was $347,509, a difference of $23,667 (7.3%) versus the prior year and $20,324 versus the prior month.

    For the 2024-03-01 period, Danville had 100 MLS listings, a difference of -10 listings (-9%) versus the prior month and 10 listings (11%) 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
    Danville's median listing age (time on market) for 2024-03-01 was 0 days.

    Danville's median square footage for active listings during the 2024-03-01 period was 1,665 sqft. One year prior, the average listing was 1,725 sqft.