Frankfort USDA Loan Rates, Closing Costs & Stats

Frankfort, 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.

    Frankfort's 13 lenders originated 15 USDA loans during 2023. The total origination value was $2,915,000, with an average USDA loan value of $194,333.

    Frankfort USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Frankfort averaged 6.93% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

    Frankfort's average USDA mortgage closing costs are $4,756.

    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 6.3%.

    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.

    Frankfort 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 Frankfort level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    STOCKTON MORTGAGE CORPORATION 2 6.25% $7,897
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 7.13% $4,420
    Century Mortgage Company DBA Century Lending Company 1 6.38% $6,837
    GENEVA FINANCIAL, LLC 1 6.63% $7,069
    GUARANTY HOME MORTGAGE CORPORATION 1 5.38% $6,509
    HOMESIDE FINANCIAL, LLC 1 6.63% $5,493
    Mortgage Research Center, LLC 1 6.25% $3,833
    Renasant Bank 1 6.00% $5,678
    RUOFF MORTGAGE COMPANY, INC. 1 6.25% $2,668
    T2 FINANCIAL LLC 1 7.13% $6,558
    Truist 1 6.63% $5,027
    UNITED WHOLESALE MORTGAGE, LLC 1 6.63% $7,342
    Bank of England 1 6.63% $8,344

    The top Frankfort USDA lender as defined by loan originations is STOCKTON MORTGAGE CORPORATION, with 2 USDA loans originated. Their average total fees are $7,897, which is $3,477 higher than the next largest lender, ARK-LA-TEX FINANCIAL SERVICES, LLC..

    The lowest fee Frankfort USDA lenders (with over 10 loans originated) are .

    The lowest rate Frankfort USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Frankfort (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 $179,900 (20.0%) $234,071 (17.6%) 0.00 246
    2018-02-01 $175,200 (7.9%) $233,568 (5.9%) 0.00 229
    2018-03-01 $172,450 (6.2%) $230,636 (0.7%) 0.00 222
    2018-04-01 $197,450 (19.7%) $252,258 (7.6%) 0.00 223
    2018-05-01 $209,375 (26.4%) $256,449 (11.2%) 0.00 245
    2018-06-01 $219,000 (27.0%) $262,650 (10.8%) 0.00 251
    2018-07-01 $224,900 (25.0%) $265,752 (10.1%) 0.00 283
    2018-08-01 $224,975 (25.4%) $267,644 (10.0%) 0.00 296
    2018-09-01 $227,500 (27.1%) $269,349 (8.0%) 0.00 285
    2018-10-01 $214,100 (16.1%) $265,416 (7.8%) 0.00 276
    2018-11-01 $195,829 (7.9%) $251,637 (2.4%) 0.00 268
    2018-12-01 $189,900 (4.3%) $246,015 (1.5%) 0.00 256
    2019-01-01 $189,075 (5.1%) $235,776 (0.7%) 0.00 247
    2019-02-01 $190,950 (9.0%) $251,182 (7.5%) 0.00 239
    2019-03-01 $206,943 (20.0%) $265,193 (15.0%) 0.00 224
    2019-04-01 $223,375 (13.1%) $282,163 (11.9%) 0.00 208
    2019-05-01 $219,900 (5.0%) $282,608 (10.2%) 0.00 211
    2019-06-01 $218,000 (-0.5%) $278,600 (6.1%) 0.00 192
    2019-07-01 $193,725 (-13.9%) $262,645 (-1.2%) 0.00 219
    2019-08-01 $198,691 (-11.7%) $261,111 (-2.4%) 0.00 224
    2019-09-01 $205,052 (-9.9%) $262,052 (-2.7%) 0.00 223
    2019-10-01 $209,225 (-2.3%) $262,679 (-1.0%) 0.00 233
    2019-11-01 $218,400 (11.5%) $282,147 (12.1%) 0.00 241
    2019-12-01 $215,900 (13.7%) $287,080 (16.7%) 0.00 236
    2020-01-01 $219,250 (16.0%) $287,263 (21.8%) 0.00 216
    2020-02-01 $226,750 (18.8%) $299,098 (19.1%) 0.00 191
    2020-03-01 $245,236 (18.5%) $305,023 (15.0%) 0.00 174
    2020-04-01 $244,639 (9.5%) $303,086 (7.4%) 0.00 165
    2020-05-01 $259,860 (18.2%) $334,162 (18.2%) 0.00 158
    2020-06-01 $252,000 (15.6%) $357,114 (28.2%) 0.00 131
    2020-07-01 $255,425 (31.9%) $349,922 (33.2%) 0.00 134
    2020-08-01 $242,120 (21.9%) $320,788 (22.9%) 0.00 122
    2020-09-01 $234,650 (14.4%) $317,210 (21.1%) 0.00 117
    2020-10-01 $213,450 (2.0%) $312,062 (18.8%) 0.00 123
    2020-11-01 $215,900 (-1.1%) $298,751 (5.9%) 0.00 127
    2020-12-01 $199,500 (-7.6%) $275,044 (-4.2%) 0.00 126
    2021-01-01 $195,000 (-11.1%) $271,927 (-5.3%) 0.00 113
    2021-02-01 $250,650 (10.5%) $311,071 (4.0%) 0.00 83
    2021-03-01 $252,175 (2.8%) $304,138 (-0.3%) 0.00 74
    2021-04-01 $257,400 (5.2%) $286,813 (-5.4%) 0.00 58
    2021-05-01 $263,970 (1.6%) $298,726 (-10.6%) 0.00 62
    2021-06-01 $229,450 (-9.0%) $285,507 (-20.1%) 0.00 76
    2021-07-01 $240,000 (-6.0%) $285,188 (-18.5%) 0.00 98
    2021-08-01 $234,975 (-3.0%) $267,570 (-16.6%) 0.00 108
    2021-09-01 $240,825 (2.6%) $280,858 (-11.5%) 0.00 124
    2021-10-01 $229,900 (7.7%) $280,683 (-10.1%) 0.00 133
    2021-11-01 $238,625 (10.5%) $273,328 (-8.5%) 0.00 118
    2021-12-01 $229,675 (15.1%) $279,180 (1.5%) 0.00 105
    2022-01-01 $222,500 (14.1%) $270,704 (-0.5%) 0.00 94
    2022-02-01 $231,975 (-7.5%) $272,826 (-12.3%) 0.00 74
    2022-03-01 $268,575 (6.5%) $293,104 (-3.6%) 0.00 62
    2022-04-01 $279,900 (8.7%) $263,607 (-8.1%) 0.00 56
    2022-05-01 $278,725 (5.6%) $290,312 (-2.8%) 0.00 56
    2022-06-01 $279,106 (21.6%) $294,436 (3.1%) 0.00 64
    2022-07-01 $279,000 (16.3%) $318,575 (11.7%) 0.00 87
    2022-08-01 $282,000 (20.0%) $327,579 (22.4%) 0.00 104
    2022-09-01 $296,500 (23.1%) $338,394 (20.5%) 0.00 114
    2022-10-01 $294,700 (28.2%) $343,167 (22.3%) 0.00 134
    2022-11-01 $287,625 (20.5%) $340,287 (24.5%) 0.00 143
    2022-12-01 $285,000 (24.1%) $335,950 (20.3%) 0.00 133
    2023-01-01 $310,700 (39.6%) $354,477 (31.0%) 0.00 115
    2023-02-01 $299,450 (29.1%) $344,475 (26.3%) 0.00 106
    2023-03-01 $317,975 (18.4%) $349,575 (19.3%) 0.00 105
    2023-04-01 $315,928 (12.9%) $343,931 (30.5%) 0.00 91
    2023-05-01 $327,414 (17.5%) $360,095 (24.0%) 0.00 82
    2023-06-01 $351,215 (25.8%) $364,602 (23.8%) 0.00 94
    2023-07-01 $333,658 (19.6%) $350,292 (10.0%) 0.00 101
    2023-08-01 $324,950 (15.2%) $355,026 (8.4%) 0.00 88
    2023-09-01 $287,000 (-3.2%) $343,409 (1.5%) 0.00 103
    2023-10-01 $307,200 (4.2%) $349,205 (1.8%) 0.00 112
    2023-11-01 $302,975 (5.3%) $349,171 (2.6%) 0.00 117
    2023-12-01 $299,900 (5.2%) $337,211 (0.4%) 0.00 105
    2024-01-01 $309,900 (-0.3%) $344,113 (-2.9%) 0.00 97
    2024-02-01 $304,475 (1.7%) $343,427 (-0.3%) 0.00 87
    2024-03-01 $344,950 (8.5%) $349,013 (-0.2%) 0.00 87
    Frankfort's median listing price for 2024-03-01 was $344,950, a difference of $26,975 (8.5%) versus the prior year and $40,475 versus the prior month.

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

    Frankfort's average listing price for 2024-03-01 was $349,013, a difference of $-562 (-0.2%) versus the prior year and $5,586 versus the prior month.

    For the 2024-03-01 period, Frankfort had 87 MLS listings, a difference of 0 listings (0%) versus the prior month and -18 listings (-17%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Frankfort (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,818 sqft
    2018-02-01 0 days 1,788 sqft
    2018-03-01 0 days 1,765 sqft
    2018-04-01 0 days 1,867 sqft
    2018-05-01 0 days 1,960 sqft
    2018-06-01 0 days 2,022 sqft
    2018-07-01 0 days 2,033 sqft
    2018-08-01 0 days 2,077 sqft
    2018-09-01 0 days 2,041 sqft
    2018-10-01 0 days 1,992 sqft
    2018-11-01 0 days 1,890 sqft
    2018-12-01 0 days 1,859 sqft
    2019-01-01 0 days 1,818 sqft
    2019-02-01 0 days 1,850 sqft
    2019-03-01 0 days 1,926 sqft
    2019-04-01 0 days 2,011 sqft
    2019-05-01 0 days 2,024 sqft
    2019-06-01 0 days 2,024 sqft
    2019-07-01 0 days 1,948 sqft
    2019-08-01 0 days 1,898 sqft
    2019-09-01 0 days 1,877 sqft
    2019-10-01 0 days 1,863 sqft
    2019-11-01 0 days 1,874 sqft
    2019-12-01 0 days 1,883 sqft
    2020-01-01 0 days 1,898 sqft
    2020-02-01 0 days 1,975 sqft
    2020-03-01 0 days 2,014 sqft
    2020-04-01 0 days 2,013 sqft
    2020-05-01 0 days 2,039 sqft
    2020-06-01 0 days 2,037 sqft
    2020-07-01 0 days 2,038 sqft
    2020-08-01 0 days 1,943 sqft
    2020-09-01 0 days 1,829 sqft
    2020-10-01 0 days 1,803 sqft
    2020-11-01 0 days 1,817 sqft
    2020-12-01 0 days 1,722 sqft
    2021-01-01 0 days 1,777 sqft
    2021-02-01 0 days 1,916 sqft
    2021-03-01 0 days 1,868 sqft
    2021-04-01 0 days 1,825 sqft
    2021-05-01 0 days 1,804 sqft
    2021-06-01 0 days 1,777 sqft
    2021-07-01 0 days 1,786 sqft
    2021-08-01 0 days 1,764 sqft
    2021-09-01 0 days 1,763 sqft
    2021-10-01 0 days 1,669 sqft
    2021-11-01 0 days 1,660 sqft
    2021-12-01 0 days 1,677 sqft
    2022-01-01 0 days 1,619 sqft
    2022-02-01 0 days 1,571 sqft
    2022-03-01 0 days 1,728 sqft
    2022-04-01 0 days 1,736 sqft
    2022-05-01 0 days 1,732 sqft
    2022-06-01 0 days 1,743 sqft
    2022-07-01 0 days 1,807 sqft
    2022-08-01 0 days 1,830 sqft
    2022-09-01 0 days 1,923 sqft
    2022-10-01 0 days 1,977 sqft
    2022-11-01 0 days 1,892 sqft
    2022-12-01 0 days 1,863 sqft
    2023-01-01 0 days 2,026 sqft
    2023-02-01 0 days 1,972 sqft
    2023-03-01 0 days 2,018 sqft
    2023-04-01 0 days 1,903 sqft
    2023-05-01 0 days 1,916 sqft
    2023-06-01 0 days 2,031 sqft
    2023-07-01 0 days 2,010 sqft
    2023-08-01 0 days 1,936 sqft
    2023-09-01 0 days 1,836 sqft
    2023-10-01 0 days 1,906 sqft
    2023-11-01 0 days 1,829 sqft
    2023-12-01 0 days 1,804 sqft
    2024-01-01 0 days 1,800 sqft
    2024-02-01 0 days 1,756 sqft
    2024-03-01 0 days 1,844 sqft
    Frankfort's median listing age (time on market) for 2024-03-01 was 0 days.

    Frankfort's median square footage for active listings during the 2024-03-01 period was 1,844 sqft. One year prior, the average listing was 2,018 sqft.