Frankfort USDA Loan Rates, Closing Costs & Stats

Frankfort, 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.

Frankfort's 38 lenders originated 87 USDA loans during 2021. The total origination value was $14,685,000, with an average USDA loan value of $168,793.

Frankfort USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Frankfort averaged 6.36% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Frankfort's average USDA mortgage closing costs are $4,547.

The average rate for the prior week (2022-11-25) was 6.6% and one month ago for the week of 2022-10-28, the average rate was 7.07%.

The average rate one year ago was 3.36%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.17%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
STOCKTON MORTGAGE CORPORATION 25 3.17% $4,900
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 2.98% $4,954
Magnolia Bank 4 2.84% $4,789
Citizens Union Bank of Shelbyville 3 2.83% $4,663
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 3.33% $2,214
Bank of England 3 2.83% $6,541
FINANCE OF AMERICA MORTGAGE LLC 3 3.25% $4,429
First Financial Bank 3 2.83% $5,317
Republic State Mortgage Co. 2 3.25% $4,611
Northpointe Bank 2 2.94% $4,569
AMERIFIRST FINANCIAL CORPORATION 2 2.50% $6,944
MUTUAL OF OMAHA MORTGAGE, INC. 2 3.00% $5,504
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.06% $5,855
MORTGAGE SUPPLIERS, INC. 2 3.06% $4,880
Kentucky Bank 1 2.25% $4,531
LOANDEPOT.COM, LLC 1 2.88% $4,459
MOVEMENT MORTGAGE, LLC 1 2.88% $5,045
PENNYMAC LOAN SERVICES, LLC 1 3.06% $5,301
Peoples Exchange Bank 1 2.25% $3,700
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.63% $4,878
Servion, Inc. 1 2.50% $6,580
SOUTH CENTRAL BANK, INC. 1 2.75% $5,021
STEARNS LENDING, LLC 1 4.25% $3,703
AMERICAN FINANCIAL NETWORK, INC. 1 3.13% $3,444
SUN WEST MORTGAGE COMPANY, INC. 1 2.75% $4,859
BAY EQUITY LLC 1 3.13% $5,301
CALIBER HOME LOANS, INC. 1 3.25% $5,265
Citizens Bank 1 3.25% $3,725
CMG MORTGAGE, INC. 1 3.88% $3,796
Colten Mortgage, LLC 1 2.88% $7,292
DAS Acquisition Company, LLC 1 3.25% $4,885
Fifth Third Bank 1 2.75% $6,236
FIRST COMMUNITY MORTGAGE, INC. 1 2.50% $4,580
FREEDOM MORTGAGE CORPORATION 1 3.00% $6,181
GENEVA FINANCIAL, LLC 1 2.63% $4,706
HANCOCK MORTGAGE PARTNERS, LLC 1 3.38% $6,268
Hometown Equity Mortgage, LLC 1 3.13% $3,902
Hometown Lenders, Inc. 1 3.13% $4,376

The top Frankfort USDA lender as defined by loan originations is STOCKTON MORTGAGE CORPORATION, with 25 USDA loans originated. Their average total fees are $4,900, which is $54 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Frankfort USDA lenders (with over 10 loans originated) are STOCKTON MORTGAGE CORPORATION ($4,900), .

The lowest rate Frankfort USDA lenders (with over 10 loans originated) are STOCKTON MORTGAGE CORPORATION (3.17%), .


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 (20.6%) $234,071 (18.1%) 0.00 246
2018-02-01 $175,200 (7.9%) $233,568 (6.0%) 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%) 0.00 132
2021-11-01 $237,500 (10.0%) $273,377 (-8.5%) 0.00 117
2021-12-01 $229,450 (15.0%) $279,269 (1.5%) 0.00 104
2022-01-01 $222,500 (14.1%) $270,675 (-0.5%) 0.00 93
2022-02-01 $228,250 (-8.9%) $272,757 (-12.3%) 0.00 73
2022-03-01 $266,400 (5.6%) $293,281 (-3.6%) 0.00 61
2022-04-01 $279,900 (8.7%) $263,289 (-8.2%) 0.00 55
2022-05-01 $280,725 (6.4%) $290,330 (-2.8%) 0.00 57
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 (21.1%) $340,287 (24.5%) 0.00 143
Frankfort's median listing price for 2022-11-01 was $287,625, a difference of $50,125 (21.1%) versus the prior year and $-7,075 versus the prior month.

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

Frankfort's average listing price for 2022-11-01 was $340,287, a difference of $66,910 (24.5%) versus the prior year and $-2,880 versus the prior month.

For the 2022-11-01 period, Frankfort had 143 MLS listings, a difference of 9 listings (7%) versus the prior month and 26 listings (22%) 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 1,666 sqft
2021-12-01 0 days 1,690 sqft
2022-01-01 0 days 1,617 sqft
2022-02-01 0 days 1,559 sqft
2022-03-01 0 days 1,733 sqft
2022-04-01 0 days 1,746 sqft
2022-05-01 0 days 1,724 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
Frankfort's median listing age (time on market) for 2022-11-01 was 0 days.

Frankfort's median square footage for active listings during the 2022-11-01 period was 1,892 sqft. One year prior, the average listing was 1,666 sqft.