Glasgow USDA Loan Rates, Closing Costs & Stats

Glasgow, 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.

Glasgow's 20 lenders originated 48 USDA loans during 2022. The total origination value was $7,960,000, with an average USDA loan value of $165,833.

Glasgow USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Glasgow averaged 6.61% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Glasgow's average USDA mortgage closing costs are $4,331.

The average rate for the prior week (2024-02-23) was 6.36% and one month ago for the week of 2024-01-26, the average rate was 6.32%.

The average rate one year ago was 6.29%.

For refis of the same type during the week of 2024-03-01, the average rate was 6.06%.

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

Glasgow 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 Glasgow level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
SOUTH CENTRAL BANK, INC. 8 4.88% $4,392
Edmonton State Bank 6 5.02% $5,460
STOCKTON MORTGAGE CORPORATION 6 4.79% $5,226
EVANSVILLE TEACHERS 4 4.47% $5,020
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 4.75% $5,147
German American Bank 3 3.75% $5,104
ROSS MORTGAGE CORPORATION 3 5.46% $7,827
Bank of England 2 4.38% $5,844
GENEVA FINANCIAL, LLC 2 5.38% $6,008
Waterstone Mortgage Corporation 1 3.63% $6,900
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.25% $5,036
Wilson & Muir Bank & Trust Company 1 5.50% $4,225
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 3.63% $6,201
Century Mortgage Company DBA Century Lending Company 1 4.88% $5,735
CMG MORTGAGE, INC. 1 4.25% $4,590
EVERETT FINANCIAL, INC. 1 4.13% $2,804
HOMESTAR FINANCIAL CORPORATION 1 4.88% $4,000
MID AMERICA MORTGAGE, INC. 1 5.00% $6,959
RUOFF MORTGAGE COMPANY, INC. 1 6.25% $2,707
VICTORY MORTGAGE, L.L.C. 1 6.25% $3,728

The top Glasgow USDA lender as defined by loan originations is SOUTH CENTRAL BANK, INC., with 8 USDA loans originated. Their average total fees are $4,392, which is $1,068 lower than the next largest lender, Edmonton State Bank.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Glasgow (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 $149,900 (7.9%) $183,871 (-0.9%) 0.00 170
2018-02-01 $149,000 (4.8%) $177,655 (-10.6%) 0.00 167
2018-03-01 $164,500 (9.7%) $200,363 (-2.9%) 0.00 157
2018-04-01 $156,725 (-3.5%) $192,363 (-7.9%) 0.00 168
2018-05-01 $149,900 (-10.5%) $188,067 (-13.2%) 0.00 179
2018-06-01 $144,900 (-15.6%) $185,880 (-17.1%) 0.00 208
2018-07-01 $145,000 (-13.7%) $185,383 (-16.0%) 0.00 214
2018-08-01 $144,900 (-13.4%) $182,402 (-14.7%) 0.00 213
2018-09-01 $145,000 (-7.6%) $186,169 (-6.0%) 0.00 211
2018-10-01 $149,800 (-0.1%) $185,714 (-2.3%) 0.00 222
2018-11-01 $152,225 (-1.2%) $183,550 (-3.0%) 0.00 216
2018-12-01 $142,200 (-10.0%) $173,429 (-8.5%) 0.00 227
2019-01-01 $137,375 (-8.4%) $169,081 (-8.0%) 0.00 210
2019-02-01 $139,000 (-6.7%) $174,098 (-2.0%) 0.00 204
2019-03-01 $143,957 (-12.5%) $181,999 (-9.2%) 0.00 201
2019-04-01 $150,425 (-4.0%) $188,320 (-2.1%) 0.00 201
2019-05-01 $159,900 (6.7%) $205,156 (9.1%) 0.00 184
2019-06-01 $154,900 (6.9%) $207,688 (11.7%) 0.00 177
2019-07-01 $164,300 (13.3%) $210,703 (13.7%) 0.00 183
2019-08-01 $168,564 (16.3%) $219,543 (20.4%) 0.00 184
2019-09-01 $166,559 (14.9%) $216,893 (16.5%) 0.00 190
2019-10-01 $165,000 (10.2%) $214,214 (15.4%) 0.00 190
2019-11-01 $164,900 (8.3%) $206,682 (12.6%) 0.00 185
2019-12-01 $159,900 (12.5%) $204,773 (18.1%) 0.00 175
2020-01-01 $158,450 (15.3%) $202,045 (19.5%) 0.00 172
2020-02-01 $155,000 (11.5%) $197,682 (13.6%) 0.00 178
2020-03-01 $172,000 (19.5%) $216,972 (19.2%) 0.00 153
2020-04-01 $172,500 (14.7%) $220,216 (16.9%) 0.00 143
2020-05-01 $180,750 (13.0%) $224,743 (9.6%) 0.00 138
2020-06-01 $185,800 (20.0%) $236,491 (13.9%) 0.00 114
2020-07-01 $198,000 (20.5%) $260,884 (23.8%) 0.00 103
2020-08-01 $198,500 (17.8%) $264,128 (20.3%) 0.00 105
2020-09-01 $193,475 (16.2%) $258,245 (19.1%) 0.00 88
2020-10-01 $212,000 (28.5%) $273,103 (27.5%) 0.00 85
2020-11-01 $221,750 (34.5%) $279,405 (35.2%) 0.00 81
2020-12-01 $203,675 (27.4%) $271,117 (32.4%) 0.00 86
2021-01-01 $189,900 (19.9%) $265,452 (31.4%) 0.00 85
2021-02-01 $199,000 (28.4%) $264,213 (33.7%) 0.00 85
2021-03-01 $187,950 (9.3%) $254,666 (17.4%) 0.00 76
2021-04-01 $189,225 (9.7%) $272,692 (23.8%) 0.00 70
2021-05-01 $174,000 (-3.7%) $246,283 (9.6%) 0.00 79
2021-06-01 $185,950 (0.1%) $254,744 (7.7%) 0.00 79
2021-07-01 $198,500 (0.3%) $246,137 (-5.7%) 0.00 82
2021-08-01 $199,000 (0.3%) $274,585 (4.0%) 0.00 92
2021-09-01 $192,400 (-0.6%) $265,602 (2.9%) 0.00 115
2021-10-01 $190,500 (-10.1%) $260,563 (-4.6%) 0.00 141
2021-11-01 $187,400 (-15.5%) $249,647 (-10.7%) 0.00 161
2021-12-01 $182,325 (-10.5%) $250,021 (-7.8%) 0.00 149
2022-01-01 $171,250 (-9.8%) $233,628 (-12.0%) 0.00 127
2022-02-01 $175,450 (-11.8%) $234,781 (-11.1%) 0.00 103
2022-03-01 $167,075 (-11.1%) $227,084 (-10.8%) 0.00 89
2022-04-01 $171,450 (-9.4%) $217,946 (-20.1%) 0.00 95
2022-05-01 $187,575 (7.8%) $233,075 (-5.4%) 0.00 103
2022-06-01 $206,850 (11.2%) $246,186 (-3.4%) 0.00 110
2022-07-01 $219,950 (10.8%) $263,581 (7.1%) 0.00 104
2022-08-01 $224,500 (12.8%) $263,400 (-4.1%) 0.00 116
2022-09-01 $225,225 (17.1%) $251,977 (-5.1%) 0.00 126
2022-10-01 $229,500 (20.5%) $277,703 (6.6%) 0.00 132
2022-11-01 $229,800 (22.6%) $287,935 (15.3%) 0.00 142
2022-12-01 $228,950 (25.6%) $291,924 (16.8%) 0.00 154
2023-01-01 $228,000 (33.1%) $279,859 (19.8%) 0.00 108
2023-02-01 $241,200 (37.5%) $294,548 (25.5%) 0.00 98
2023-03-01 $244,500 (46.3%) $307,749 (35.5%) 0.00 100
2023-04-01 $239,000 (39.4%) $304,606 (39.8%) 0.00 92
2023-05-01 $240,175 (28.0%) $314,001 (34.7%) 0.00 97
2023-06-01 $245,400 (18.6%) $337,518 (37.1%) 0.00 90
2023-07-01 $239,900 (9.1%) $294,851 (11.9%) 0.00 97
2023-08-01 $240,175 (7.0%) $298,772 (13.4%) 0.00 91
2023-09-01 $247,450 (9.9%) $301,195 (19.5%) 0.00 97
2023-10-01 $248,675 (8.4%) $320,658 (15.5%) 0.00 110
2023-11-01 $237,750 (3.5%) $298,287 (3.6%) 0.00 119
2023-12-01 $239,000 (4.4%) $296,113 (1.4%) 0.00 119
2024-01-01 $238,375 (4.6%) $291,576 (4.2%) 0.00 116
Glasgow's median listing price for 2024-01-01 was $238,375, a difference of $10,375 (4.6%) versus the prior year and $-625 versus the prior month.

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

Glasgow's average listing price for 2024-01-01 was $291,576, a difference of $11,717 (4.2%) versus the prior year and $-4,537 versus the prior month.

For the 2024-01-01 period, Glasgow had 116 MLS listings, a difference of -3 listings (-3%) versus the prior month and 8 listings (7%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Glasgow (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,754 sqft
2018-02-01 0 days 1,780 sqft
2018-03-01 0 days 1,856 sqft
2018-04-01 0 days 1,815 sqft
2018-05-01 0 days 1,813 sqft
2018-06-01 0 days 1,792 sqft
2018-07-01 0 days 1,810 sqft
2018-08-01 0 days 1,801 sqft
2018-09-01 0 days 1,800 sqft
2018-10-01 0 days 1,840 sqft
2018-11-01 0 days 1,829 sqft
2018-12-01 0 days 1,689 sqft
2019-01-01 0 days 1,652 sqft
2019-02-01 0 days 1,687 sqft
2019-03-01 0 days 1,716 sqft
2019-04-01 0 days 1,727 sqft
2019-05-01 0 days 1,832 sqft
2019-06-01 0 days 1,810 sqft
2019-07-01 0 days 1,862 sqft
2019-08-01 0 days 1,898 sqft
2019-09-01 0 days 1,864 sqft
2019-10-01 0 days 1,821 sqft
2019-11-01 0 days 1,750 sqft
2019-12-01 0 days 1,734 sqft
2020-01-01 0 days 1,698 sqft
2020-02-01 0 days 1,696 sqft
2020-03-01 0 days 1,697 sqft
2020-04-01 0 days 1,787 sqft
2020-05-01 0 days 1,810 sqft
2020-06-01 0 days 1,897 sqft
2020-07-01 0 days 1,920 sqft
2020-08-01 0 days 1,728 sqft
2020-09-01 0 days 1,817 sqft
2020-10-01 0 days 2,012 sqft
2020-11-01 0 days 2,044 sqft
2020-12-01 0 days 1,904 sqft
2021-01-01 0 days 1,838 sqft
2021-02-01 0 days 1,757 sqft
2021-03-01 0 days 1,644 sqft
2021-04-01 0 days 1,761 sqft
2021-05-01 0 days 1,623 sqft
2021-06-01 0 days 1,830 sqft
2021-07-01 0 days 1,713 sqft
2021-08-01 0 days 1,777 sqft
2021-09-01 0 days 1,675 sqft
2021-10-01 0 days 1,602 sqft
2021-11-01 0 days 1,578 sqft
2021-12-01 0 days 1,523 sqft
2022-01-01 0 days 1,457 sqft
2022-02-01 0 days 1,387 sqft
2022-03-01 0 days 1,338 sqft
2022-04-01 0 days 1,414 sqft
2022-05-01 0 days 1,453 sqft
2022-06-01 0 days 1,562 sqft
2022-07-01 0 days 1,733 sqft
2022-08-01 0 days 1,741 sqft
2022-09-01 0 days 1,902 sqft
2022-10-01 0 days 1,872 sqft
2022-11-01 0 days 1,812 sqft
2022-12-01 0 days 1,686 sqft
2023-01-01 0 days 1,824 sqft
2023-02-01 0 days 1,898 sqft
2023-03-01 0 days 1,910 sqft
2023-04-01 0 days 1,796 sqft
2023-05-01 0 days 1,909 sqft
2023-06-01 0 days 1,999 sqft
2023-07-01 0 days 1,830 sqft
2023-08-01 0 days 1,828 sqft
2023-09-01 0 days 1,724 sqft
2023-10-01 0 days 1,728 sqft
2023-11-01 0 days 1,651 sqft
2023-12-01 0 days 1,728 sqft
2024-01-01 0 days 1,712 sqft
Glasgow's median listing age (time on market) for 2024-01-01 was 0 days.

Glasgow's median square footage for active listings during the 2024-01-01 period was 1,712 sqft. One year prior, the average listing was 1,824 sqft.