Lexington USDA Loan Rates, Closing Costs & Stats

LEXINGTON-FAYETTE, 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.

    Lexington's 23 lenders originated 37 USDA loans during 2024. The total origination value was $8,135,000, with an average USDA loan value of $219,865.

    Lexington USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Lexington averaged 6.52% for the week of 2025-04-11, compared to the national average (all USDA variants) of 6.449% for the same period.

    Lexington's average USDA mortgage closing costs are $4,600.

    The average rate for the prior week (2025-04-04) was 6.38% and one month ago for the week of 2025-03-07, the average rate was 6.65%.

    The average rate one year ago was 7%.

    For refis of the same type during the week of 2025-04-11, the average rate was 6.4%.

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

    Lexington 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 Lexington level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 10 6.22% $6,499
    T2 FINANCIAL LLC 2 5.38% $6,759
    Equity Prime Mortgage LLC 2 6.75% $8,928
    Central Bank 1 5.88% $4,490
    FIRST COMMUNITY MORTGAGE, INC. 1 6.63% $5,597
    Flagstar Bank, FSB 1 6.63% $5,457
    GENEVA FINANCIAL, LLC 1 6.63% $7,180
    GoPrime Mortgage, Inc. 1 7.13% $8,850
    Guardian Savings Bank, A Federal Savings Bank 1 5.63% $5,884
    Ixonia Bank 1 6.75% $6,396
    MID AMERICA MORTGAGE, INC. 1 7.25% $8,040
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.50% $6,819
    Old National Bank 1 6.00% $7,591
    Peoples Exchange Bank 1 6.25% $5,040
    POLARIS HOME FUNDING CORP. 1 6.75% $7,651
    Prosperity Home Mortgage, LLC 1 6.13% $6,705
    Republic State Mortgage Co. 1 6.25% $9,097
    RUOFF MORTGAGE COMPANY, INC. 1 6.25% $1,717
    STOCKTON MORTGAGE CORPORATION 1 6.25% $10,111
    Truist 1 6.25% $4,978
    UNITED WHOLESALE MORTGAGE, LLC 1 5.75% $12,130
    Bank of England 1 6.50% $5,982
    BROKER SOLUTIONS, INC. 1 5.50% $7,727

    The top Lexington USDA lender as defined by loan originations is ARK-LA-TEX FINANCIAL SERVICES, LLC., with 10 USDA loans originated. Their average total fees are $6,499, which is $260 lower than the next largest lender, T2 FINANCIAL LLC.

    The lowest fee Lexington USDA lenders (with over 10 loans originated) are ARK-LA-TEX FINANCIAL SERVICES, LLC. ($6,499), .

    The lowest rate Lexington USDA lenders (with over 10 loans originated) are ARK-LA-TEX FINANCIAL SERVICES, LLC. (6.22%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lexington (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 $269,450 (6.9%) $375,455 (2.1%) 1.00 1,418
    2018-02-01 $283,600 (6.0%) $388,429 (1.3%) 1.03 1,328
    2018-03-01 $299,000 (5.1%) $407,171 (0.0%) 1.05 1,345
    2018-04-01 $309,900 (3.3%) $420,776 (-0.3%) 1.05 1,369
    2018-05-01 $314,609 (4.5%) $430,696 (3.6%) 1.05 1,505
    2018-06-01 $315,000 (5.4%) $429,781 (5.9%) 1.05 1,570
    2018-07-01 $299,950 (3.4%) $418,594 (6.4%) 1.00 1,717
    2018-08-01 $289,042 (3.3%) $403,437 (6.3%) 0.97 1,881
    2018-09-01 $288,950 (3.2%) $397,200 (4.6%) 0.97 1,908
    2018-10-01 $278,937 (-0.3%) $389,152 (2.1%) 0.94 1,955
    2018-11-01 $269,175 (-2.5%) $375,432 (0.2%) 0.91 1,892
    2018-12-01 $265,000 (-1.8%) $367,138 (-1.3%) 0.91 1,752
    2019-01-01 $267,187 (-0.8%) $366,896 (-2.3%) 0.92 1,619
    2019-02-01 $283,700 (0.0%) $380,512 (-2.0%) 0.96 1,465
    2019-03-01 $293,621 (-1.8%) $391,077 (-4.0%) 0.96 1,475
    2019-04-01 $303,973 (-1.9%) $402,543 (-4.3%) 0.97 1,512
    2019-05-01 $309,900 (-1.5%) $403,644 (-6.3%) 0.97 1,614
    2019-06-01 $309,900 (-1.6%) $398,714 (-7.2%) 0.97 1,662
    2019-07-01 $300,000 (0.0%) $392,806 (-6.2%) 0.94 1,774
    2019-08-01 $297,245 (2.8%) $398,369 (-1.3%) 0.94 1,793
    2019-09-01 $293,114 (1.4%) $409,319 (3.1%) 0.94 1,813
    2019-10-01 $290,359 (4.1%) $418,715 (7.6%) 0.94 1,803
    2019-11-01 $288,946 (7.3%) $422,514 (12.5%) 0.95 1,675
    2019-12-01 $283,450 (7.0%) $422,192 (15.0%) 0.95 1,514
    2020-01-01 $291,750 (9.2%) $434,848 (18.5%) 0.97 1,350
    2020-02-01 $309,950 (9.3%) $458,635 (20.5%) 1.01 1,270
    2020-03-01 $318,735 (8.6%) $414,554 (6.0%) 1.00 1,219
    2020-04-01 $316,553 (4.1%) $416,691 (3.5%) 0.99 1,232
    2020-05-01 $323,475 (4.4%) $436,068 (8.0%) 0.98 1,166
    2020-06-01 $324,900 (4.8%) $467,554 (17.3%) 0.96 1,100
    2020-07-01 $325,890 (8.6%) $454,149 (15.6%) 0.94 995
    2020-08-01 $329,000 (10.7%) $456,993 (14.7%) 0.94 967
    2020-09-01 $327,559 (11.8%) $456,204 (11.5%) 0.94 913
    2020-10-01 $326,767 (12.5%) $455,472 (8.8%) 0.94 896
    2020-11-01 $321,950 (11.4%) $451,463 (6.9%) 0.94 824
    2020-12-01 $319,900 (12.9%) $440,364 (4.3%) 0.95 751
    2021-01-01 $324,900 (11.4%) $453,507 (4.3%) 0.97 668
    2021-02-01 $329,780 (6.4%) $464,315 (1.2%) 0.96 574
    2021-03-01 $328,975 (3.2%) $468,324 (13.0%) 0.93 544
    2021-04-01 $331,080 (4.6%) $490,600 (17.7%) 0.90 566
    2021-05-01 $344,305 (6.4%) $518,436 (18.9%) 0.91 565
    2021-06-01 $328,000 (1.0%) $477,862 (2.2%) 0.86 610
    2021-07-01 $315,000 (-3.3%) $462,975 (1.9%) 0.83 658
    2021-08-01 $317,450 (-3.5%) $456,489 (-0.1%) 0.85 708
    2021-09-01 $314,675 (-3.9%) $457,952 (0.4%) 0.84 723
    2021-10-01 $311,900 (-4.6%) $446,520 (-2.0%) 0.83 682
    2021-11-01 $317,500 (-1.4%) $467,460 (3.5%) 0.85 606
    2021-12-01 $319,500 (-0.1%) $458,145 (4.0%) 0.87 507
    2022-01-01 $329,360 (1.4%) $490,040 (8.1%) 0.89 409
    2022-02-01 $348,095 (5.6%) $494,651 (6.5%) 0.91 396
    2022-03-01 $352,500 (7.2%) $506,204 (8.1%) 0.88 439
    2022-04-01 $375,390 (13.4%) $501,017 (2.1%) 0.89 483
    2022-05-01 $388,175 (12.7%) $504,815 (-2.6%) 0.89 568
    2022-06-01 $394,700 (20.3%) $493,676 (3.3%) 0.88 688
    2022-07-01 $399,000 (26.7%) $494,916 (6.9%) 0.90 801
    2022-08-01 $383,600 (20.8%) $490,924 (7.5%) 0.89 853
    2022-09-01 $386,950 (23.0%) $496,722 (8.5%) 0.90 846
    2022-10-01 $386,900 (24.1%) $507,050 (13.6%) 0.91 901
    2022-11-01 $374,757 (18.0%) $474,894 (1.6%) 0.90 924
    2022-12-01 $369,900 (15.8%) $461,018 (0.6%) 0.91 893
    2023-01-01 $387,100 (17.5%) $485,795 (-0.9%) 0.96 769
    2023-02-01 $397,450 (14.2%) $496,914 (0.5%) 0.96 720
    2023-03-01 $399,900 (13.5%) $504,073 (-0.4%) 0.94 710
    2023-04-01 $399,900 (6.5%) $510,750 (1.9%) 0.93 698
    2023-05-01 $409,400 (5.5%) $530,166 (5.0%) 0.93 705
    2023-06-01 $414,975 (5.1%) $536,676 (8.7%) 0.93 739
    2023-07-01 $409,900 (2.7%) $528,081 (6.7%) 0.93 788
    2023-08-01 $399,850 (4.2%) $509,960 (3.9%) 0.92 849
    2023-09-01 $397,173 (2.6%) $507,596 (2.2%) 0.92 894
    2023-10-01 $397,561 (2.8%) $509,706 (0.5%) 0.94 956
    2023-11-01 $393,046 (4.9%) $510,535 (7.5%) 0.94 989
    2023-12-01 $390,717 (5.6%) $501,915 (8.9%) 0.95 886
    2024-01-01 $395,000 (2.0%) $510,918 (5.2%) 0.96 780
    2024-02-01 $399,425 (0.5%) $519,278 (4.5%) 0.96 737
    2024-03-01 $399,900 (0.0%) $533,785 (5.9%) 0.94 717
    2024-04-01 $399,900 (0.0%) $547,674 (7.2%) 0.93 759
    2024-05-01 $399,475 (-2.4%) $555,468 (4.8%) 0.91 770
    2024-06-01 $399,900 (-3.6%) $542,050 (1.0%) 0.91 876
    2024-07-01 $399,900 (-2.4%) $538,365 (2.0%) 0.91 967
    2024-08-01 $395,000 (-1.2%) $545,010 (6.9%) 0.92 996
    2024-09-01 $398,685 (0.4%) $552,623 (8.9%) 0.94 1,041
    2024-10-01 $396,305 (-0.3%) $549,112 (7.7%) 0.93 1,046
    2024-11-01 $399,000 (1.5%) $546,402 (7.0%) 0.96 1,158
    2024-12-01 $399,950 (2.4%) $535,048 (6.6%) 0.99 1,012
    2025-01-01 $398,720 (0.9%) $538,505 (5.4%) 1.00 910
    2025-02-01 $398,786 (-0.2%) $548,785 (5.7%) 0.97 873
    2025-03-01 $399,900 (0.0%) $557,339 (4.4%) 0.00 883
    Lexington's median listing price for 2025-03-01 was $399,900, a difference of $0 (0.0%) versus the prior year and $1,114 versus the prior month.

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

    Lexington's average listing price for 2025-03-01 was $557,339, a difference of $23,554 (4.4%) versus the prior year and $8,554 versus the prior month.

    For the 2025-03-01 period, Lexington had 883 MLS listings, a difference of 10 listings (1%) versus the prior month and 166 listings (23%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lexington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 86 days 2,278 sqft
    2018-02-01 82 days 2,334 sqft
    2018-03-01 57 days 2,376 sqft
    2018-04-01 52 days 2,440 sqft
    2018-05-01 45 days 2,471 sqft
    2018-06-01 46 days 2,474 sqft
    2018-07-01 52 days 2,414 sqft
    2018-08-01 52 days 2,376 sqft
    2018-09-01 56 days 2,366 sqft
    2018-10-01 61 days 2,309 sqft
    2018-11-01 67 days 2,258 sqft
    2018-12-01 75 days 2,180 sqft
    2019-01-01 80 days 2,193 sqft
    2019-02-01 79 days 2,286 sqft
    2019-03-01 66 days 2,320 sqft
    2019-04-01 52 days 2,368 sqft
    2019-05-01 51 days 2,362 sqft
    2019-06-01 51 days 2,377 sqft
    2019-07-01 56 days 2,366 sqft
    2019-08-01 56 days 2,353 sqft
    2019-09-01 59 days 2,305 sqft
    2019-10-01 62 days 2,277 sqft
    2019-11-01 66 days 2,238 sqft
    2019-12-01 77 days 2,187 sqft
    2020-01-01 88 days 2,206 sqft
    2020-02-01 85 days 2,300 sqft
    2020-03-01 65 days 2,308 sqft
    2020-04-01 66 days 2,327 sqft
    2020-05-01 64 days 2,381 sqft
    2020-06-01 58 days 2,381 sqft
    2020-07-01 57 days 2,366 sqft
    2020-08-01 60 days 2,365 sqft
    2020-09-01 72 days 2,346 sqft
    2020-10-01 73 days 2,316 sqft
    2020-11-01 78 days 2,233 sqft
    2020-12-01 72 days 2,104 sqft
    2021-01-01 70 days 2,163 sqft
    2021-02-01 72 days 2,134 sqft
    2021-03-01 54 days 2,149 sqft
    2021-04-01 43 days 2,165 sqft
    2021-05-01 38 days 2,180 sqft
    2021-06-01 43 days 2,089 sqft
    2021-07-01 39 days 2,000 sqft
    2021-08-01 40 days 2,036 sqft
    2021-09-01 44 days 2,005 sqft
    2021-10-01 46 days 1,979 sqft
    2021-11-01 52 days 1,995 sqft
    2021-12-01 59 days 1,980 sqft
    2022-01-01 64 days 2,010 sqft
    2022-02-01 53 days 2,034 sqft
    2022-03-01 41 days 2,085 sqft
    2022-04-01 36 days 2,101 sqft
    2022-05-01 39 days 2,153 sqft
    2022-06-01 37 days 2,200 sqft
    2022-07-01 37 days 2,214 sqft
    2022-08-01 40 days 2,218 sqft
    2022-09-01 46 days 2,228 sqft
    2022-10-01 52 days 2,248 sqft
    2022-11-01 57 days 2,199 sqft
    2022-12-01 68 days 2,168 sqft
    2023-01-01 77 days 2,203 sqft
    2023-02-01 77 days 2,257 sqft
    2023-03-01 61 days 2,276 sqft
    2023-04-01 52 days 2,290 sqft
    2023-05-01 51 days 2,301 sqft
    2023-06-01 50 days 2,287 sqft
    2023-07-01 47 days 2,268 sqft
    2023-08-01 46 days 2,224 sqft
    2023-09-01 45 days 2,200 sqft
    2023-10-01 50 days 2,170 sqft
    2023-11-01 56 days 2,132 sqft
    2023-12-01 67 days 2,115 sqft
    2024-01-01 79 days 2,115 sqft
    2024-02-01 73 days 2,132 sqft
    2024-03-01 54 days 2,149 sqft
    2024-04-01 45 days 2,152 sqft
    2024-05-01 39 days 2,169 sqft
    2024-06-01 45 days 2,171 sqft
    2024-07-01 43 days 2,148 sqft
    2024-08-01 49 days 2,133 sqft
    2024-09-01 48 days 2,146 sqft
    2024-10-01 48 days 2,138 sqft
    2024-11-01 51 days 2,134 sqft
    2024-12-01 61 days 2,136 sqft
    2025-01-01 73 days 2,129 sqft
    2025-02-01 76 days 2,120 sqft
    2025-03-01 0 days 2,076 sqft
    Lexington's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Lexington's median square footage for active listings during the 2025-03-01 period was 2,076 sqft. One year prior, the average listing was 2,149 sqft.