Louisville USDA Loan Rates, Closing Costs & Stats

LOUISVILLE, 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.

Louisville's 47 lenders originated 181 USDA loans during 2024. The total origination value was $41,045,000, with an average USDA loan value of $226,768.

Louisville USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Louisville averaged 6.76% for the week of 2025-04-11, compared to the national average (all USDA variants) of 6.449% for the same period.

Louisville's average USDA mortgage closing costs are $4,731.

The average rate for the prior week (2025-04-04) was 6.72% and one month ago for the week of 2025-03-07, the average rate was 6.49%.

The average rate one year ago was 6.84%.

For refis of the same type during the week of 2025-04-11, the average rate was 6.51%.

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

Louisville 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 Louisville level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Magnolia Bank 25 6.28% $6,452
UNITED WHOLESALE MORTGAGE, LLC 15 6.22% $8,661
NORWICH COMMERCIAL GROUP, INC. 10 5.95% $3,646
LEADERONE FINANCIAL CORPORATION 7 6.73% $4,726
Century Mortgage Company DBA Century Lending Company 7 6.32% $6,892
GUILD MORTGAGE COMPANY 7 5.93% $7,770
INTERLINC MORTGAGE SERVICES, LLC 6 6.94% $3,065
BROKER SOLUTIONS, INC. 6 6.62% $6,935
Paramount Residential Mortgage Group, Inc. 6 6.27% $7,543
SUCCESS MORTGAGE PARTNERS, INC. 5 6.50% $8,043
UNION HOME MORTGAGE CORP. 5 6.18% $7,615
Equity Prime Mortgage LLC 5 6.73% $4,794
INSPIRE HOME LOANS INC. 5 5.40% $7,041
Fifth Third Bank 4 5.56% $9,042
DHI MORTGAGE COMPANY, LTD. 4 4.99% $5,103
Traditional Bank, Inc. 4 6.31% $5,389
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.67% $7,783
DIRECT MORTGAGE LOANS, LLC 3 6.67% $9,056
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 3 6.71% $7,135
RUOFF MORTGAGE COMPANY, INC. 3 6.17% $4,990
STOCKTON MORTGAGE CORPORATION 3 6.42% $8,118
Northpointe Bank 2 6.19% $5,554
Prosperity Home Mortgage, LLC 2 6.62% $4,450
FAIR WAY LENDING LLC 2 6.63% $6,237
FIRST COLONY MORTGAGE CORPORATION 2 6.00% $8,104
First Harrison Bank 2 6.69% $4,840
PLAZA HOME MORTGAGE, INC. 1 6.63% $10,822
PNC Bank 1 6.13% $10,268
POLARIS HOME FUNDING CORP. 1 7.00% $4,572
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.50% $0
VILLAGE CAPITAL MORTGAGE 1 6.50% $6,437
Meridian Bank Corporation 1 6.00% $7,265
Stock Yards Bank & Trust Company 1 6.63% $4,099
SUN WEST MORTGAGE COMPANY, INC. 1 7.25% $5,446
The Loan Store, Inc. 1 6.13% $6,050
TJC Mortgage, Inc. 1 6.13% $6,970
CANOPY MORTGAGE, LLC 1 6.25% $7,452
Blue Ridge Bank 1 6.25% $4,197
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 6.75% $9,297
U.S. Bank 1 6.75% $4,359
VICTORY MORTGAGE, L.L.C. 1 5.00% $5,301
HOMESIDE FINANCIAL, LLC 1 7.75% $5,053
Wolfe Financial, Inc 1 6.63% $7,588
MID AMERICA MORTGAGE, INC. 1 6.88% $2,592
MOVEMENT MORTGAGE, LLC 1 6.50% $6,466
FIRST COMMUNITY MORTGAGE, INC. 1 6.88% $4,584
Plains Commerce Bank 1 5.75% $10,522

The top Louisville USDA lender as defined by loan originations is Magnolia Bank, with 25 USDA loans originated. Their average total fees are $6,452, which is $2,209 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Louisville USDA lenders (with over 10 loans originated) are NORWICH COMMERCIAL GROUP, INC. ($3,646), Magnolia Bank ($6,452), UNITED WHOLESALE MORTGAGE, LLC ($8,661), .

The lowest rate Louisville USDA lenders (with over 10 loans originated) are NORWICH COMMERCIAL GROUP, INC. (5.95%), UNITED WHOLESALE MORTGAGE, LLC (6.22%), Magnolia Bank (6.28%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Louisville (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 $233,400 (22.4%) $307,022 (12.2%) 0.87 3,376
2018-02-01 $239,950 (18.5%) $316,217 (9.0%) 0.87 3,169
2018-03-01 $254,900 (16.9%) $324,697 (8.0%) 0.89 3,138
2018-04-01 $256,500 (11.6%) $324,914 (4.8%) 0.87 3,237
2018-05-01 $265,407 (10.6%) $337,455 (4.8%) 0.89 3,431
2018-06-01 $265,900 (10.8%) $340,049 (6.0%) 0.89 3,693
2018-07-01 $266,450 (11.1%) $339,427 (6.7%) 0.89 3,801
2018-08-01 $264,900 (10.0%) $340,743 (6.3%) 0.89 3,922
2018-09-01 $264,700 (10.8%) $339,752 (7.4%) 0.89 4,102
2018-10-01 $257,750 (11.7%) $332,874 (7.6%) 0.87 4,285
2018-11-01 $250,700 (9.1%) $332,908 (8.7%) 0.85 4,256
2018-12-01 $249,000 (9.9%) $320,449 (6.3%) 0.86 4,025
2019-01-01 $248,450 (6.5%) $316,718 (3.2%) 0.86 3,716
2019-02-01 $257,950 (7.5%) $328,345 (3.8%) 0.87 3,384
2019-03-01 $269,814 (5.9%) $342,160 (5.4%) 0.88 3,293
2019-04-01 $279,675 (9.0%) $357,206 (9.9%) 0.89 3,467
2019-05-01 $283,950 (7.0%) $366,312 (8.6%) 0.89 3,642
2019-06-01 $279,900 (5.3%) $363,976 (7.0%) 0.87 3,797
2019-07-01 $271,400 (1.9%) $352,088 (3.7%) 0.85 4,031
2019-08-01 $264,182 (-0.3%) $343,903 (0.9%) 0.84 4,147
2019-09-01 $256,205 (-3.2%) $333,938 (-1.7%) 0.82 4,178
2019-10-01 $249,950 (-3.0%) $324,372 (-2.6%) 0.81 4,211
2019-11-01 $242,000 (-3.5%) $317,280 (-4.7%) 0.79 4,064
2019-12-01 $236,400 (-5.1%) $312,284 (-2.6%) 0.79 3,638
2020-01-01 $238,570 (-4.0%) $314,411 (-0.7%) 0.80 3,318
2020-02-01 $249,975 (-3.1%) $325,617 (-0.8%) 0.82 2,995
2020-03-01 $267,200 (-1.0%) $343,166 (0.3%) 0.84 2,828
2020-04-01 $270,000 (-3.5%) $347,688 (-2.7%) 0.85 2,860
2020-05-01 $289,900 (2.1%) $364,163 (-0.6%) 0.88 2,636
2020-06-01 $289,900 (3.6%) $375,248 (3.1%) 0.85 2,326
2020-07-01 $289,900 (6.8%) $380,615 (8.1%) 0.84 2,156
2020-08-01 $285,000 (7.9%) $373,825 (8.7%) 0.82 2,064
2020-09-01 $271,925 (6.1%) $366,363 (9.7%) 0.78 2,132
2020-10-01 $260,000 (4.0%) $365,018 (12.5%) 0.75 2,110
2020-11-01 $249,900 (3.3%) $357,092 (12.6%) 0.73 2,128
2020-12-01 $246,750 (4.4%) $348,011 (11.4%) 0.73 2,001
2021-01-01 $249,900 (4.8%) $350,921 (11.6%) 0.75 1,683
2021-02-01 $261,325 (4.5%) $365,865 (12.4%) 0.76 1,318
2021-03-01 $267,900 (0.3%) $374,544 (9.1%) 0.76 1,281
2021-04-01 $274,900 (1.8%) $384,375 (10.6%) 0.74 1,326
2021-05-01 $279,900 (-3.5%) $389,089 (6.8%) 0.74 1,298
2021-06-01 $282,500 (-2.6%) $392,930 (4.7%) 0.74 1,484
2021-07-01 $275,000 (-5.1%) $374,962 (-1.5%) 0.73 1,763
2021-08-01 $269,938 (-5.3%) $369,085 (-1.3%) 0.72 1,971
2021-09-01 $259,900 (-4.4%) $359,538 (-1.9%) 0.69 2,025
2021-10-01 $259,900 (0.0%) $353,845 (-3.1%) 0.69 2,076
2021-11-01 $250,000 (0.0%) $348,515 (-2.4%) 0.67 2,014
2021-12-01 $259,900 (5.3%) $353,279 (1.5%) 0.70 1,754
2022-01-01 $265,000 (6.0%) $353,914 (0.9%) 0.72 1,502
2022-02-01 $282,400 (8.1%) $370,359 (1.2%) 0.73 1,223
2022-03-01 $292,450 (9.2%) $380,290 (1.5%) 0.73 1,219
2022-04-01 $295,000 (7.3%) $383,436 (-0.2%) 0.70 1,259
2022-05-01 $299,425 (7.0%) $382,568 (-1.7%) 0.68 1,590
2022-06-01 $299,900 (6.2%) $385,327 (-1.9%) 0.67 1,846
2022-07-01 $299,900 (9.1%) $374,304 (-0.2%) 0.68 2,178
2022-08-01 $299,900 (11.1%) $370,691 (0.4%) 0.69 2,333
2022-09-01 $299,925 (15.4%) $369,434 (2.8%) 0.70 2,332
2022-10-01 $299,900 (15.4%) $363,106 (2.6%) 0.71 2,494
2022-11-01 $290,000 (16.0%) $353,559 (1.5%) 0.70 2,606
2022-12-01 $295,000 (13.5%) $355,294 (0.6%) 0.73 2,384
2023-01-01 $298,500 (12.6%) $359,632 (1.6%) 0.74 2,101
2023-02-01 $299,900 (6.2%) $370,814 (0.1%) 0.72 1,828
2023-03-01 $299,913 (2.6%) $372,679 (-2.0%) 0.71 1,718
2023-04-01 $319,000 (8.1%) $390,333 (1.8%) 0.74 1,614
2023-05-01 $319,950 (6.9%) $399,043 (4.3%) 0.73 1,661
2023-06-01 $319,950 (6.7%) $398,808 (3.5%) 0.72 1,796
2023-07-01 $319,900 (6.7%) $392,661 (4.9%) 0.73 1,892
2023-08-01 $322,400 (7.5%) $389,719 (5.1%) 0.74 2,000
2023-09-01 $315,250 (5.1%) $387,650 (4.9%) 0.73 2,166
2023-10-01 $307,475 (2.5%) $376,712 (3.8%) 0.72 2,460
2023-11-01 $299,995 (3.5%) $372,479 (5.4%) 0.71 2,598
2023-12-01 $299,900 (1.7%) $371,069 (4.4%) 0.73 2,483
2024-01-01 $308,950 (3.5%) $378,077 (5.1%) 0.75 2,242
2024-02-01 $310,975 (3.7%) $379,795 (2.4%) 0.75 2,049
2024-03-01 $315,000 (5.0%) $391,456 (5.0%) 0.74 1,954
2024-04-01 $326,950 (2.5%) $406,064 (4.0%) 0.76 2,005
2024-05-01 $329,000 (2.8%) $416,655 (4.4%) 0.75 2,196
2024-06-01 $329,900 (3.1%) $415,853 (4.3%) 0.75 2,305
2024-07-01 $326,998 (2.2%) $416,795 (6.2%) 0.75 2,540
2024-08-01 $319,900 (-0.8%) $413,336 (6.1%) 0.74 2,654
2024-09-01 $319,700 (1.4%) $408,201 (5.3%) 0.75 2,825
2024-10-01 $317,450 (3.2%) $407,054 (8.1%) 0.75 2,918
2024-11-01 $309,900 (3.3%) $396,223 (6.4%) 0.74 3,023
2024-12-01 $305,600 (1.9%) $387,486 (4.4%) 0.76 2,821
2025-01-01 $305,950 (-1.0%) $388,051 (2.6%) 0.76 2,598
2025-02-01 $309,950 (-0.3%) $395,674 (4.2%) 0.75 2,455
2025-03-01 $320,000 (1.6%) $401,570 (2.6%) 0.00 2,373
Louisville's median listing price for 2025-03-01 was $320,000, a difference of $5,000 (1.6%) versus the prior year and $10,050 versus the prior month.

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

Louisville's average listing price for 2025-03-01 was $401,570, a difference of $10,114 (2.6%) versus the prior year and $5,896 versus the prior month.

For the 2025-03-01 period, Louisville had 2,373 MLS listings, a difference of -82 listings (-3%) versus the prior month and 419 listings (21%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Louisville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 73 days 1,972 sqft
2018-02-01 64 days 1,986 sqft
2018-03-01 45 days 2,038 sqft
2018-04-01 44 days 2,076 sqft
2018-05-01 39 days 2,108 sqft
2018-06-01 40 days 2,150 sqft
2018-07-01 43 days 2,124 sqft
2018-08-01 43 days 2,127 sqft
2018-09-01 46 days 2,114 sqft
2018-10-01 49 days 2,082 sqft
2018-11-01 53 days 2,063 sqft
2018-12-01 61 days 2,023 sqft
2019-01-01 68 days 2,008 sqft
2019-02-01 64 days 2,047 sqft
2019-03-01 55 days 2,096 sqft
2019-04-01 44 days 2,150 sqft
2019-05-01 44 days 2,209 sqft
2019-06-01 44 days 2,185 sqft
2019-07-01 44 days 2,126 sqft
2019-08-01 45 days 2,079 sqft
2019-09-01 45 days 2,029 sqft
2019-10-01 46 days 1,983 sqft
2019-11-01 51 days 1,940 sqft
2019-12-01 63 days 1,854 sqft
2020-01-01 70 days 1,865 sqft
2020-02-01 60 days 1,900 sqft
2020-03-01 47 days 1,955 sqft
2020-04-01 50 days 1,965 sqft
2020-05-01 54 days 2,000 sqft
2020-06-01 42 days 2,000 sqft
2020-07-01 39 days 1,985 sqft
2020-08-01 36 days 1,973 sqft
2020-09-01 32 days 1,895 sqft
2020-10-01 31 days 1,884 sqft
2020-11-01 34 days 1,809 sqft
2020-12-01 40 days 1,753 sqft
2021-01-01 46 days 1,743 sqft
2021-02-01 37 days 1,755 sqft
2021-03-01 28 days 1,787 sqft
2021-04-01 23 days 1,761 sqft
2021-05-01 22 days 1,783 sqft
2021-06-01 19 days 1,824 sqft
2021-07-01 22 days 1,803 sqft
2021-08-01 24 days 1,803 sqft
2021-09-01 30 days 1,787 sqft
2021-10-01 30 days 1,762 sqft
2021-11-01 32 days 1,706 sqft
2021-12-01 41 days 1,685 sqft
2022-01-01 46 days 1,652 sqft
2022-02-01 35 days 1,692 sqft
2022-03-01 23 days 1,698 sqft
2022-04-01 22 days 1,722 sqft
2022-05-01 21 days 1,781 sqft
2022-06-01 22 days 1,820 sqft
2022-07-01 26 days 1,815 sqft
2022-08-01 31 days 1,816 sqft
2022-09-01 37 days 1,823 sqft
2022-10-01 37 days 1,836 sqft
2022-11-01 43 days 1,800 sqft
2022-12-01 52 days 1,800 sqft
2023-01-01 56 days 1,794 sqft
2023-02-01 45 days 1,779 sqft
2023-03-01 38 days 1,778 sqft
2023-04-01 36 days 1,877 sqft
2023-05-01 32 days 1,861 sqft
2023-06-01 30 days 1,840 sqft
2023-07-01 31 days 1,880 sqft
2023-08-01 33 days 1,910 sqft
2023-09-01 32 days 1,867 sqft
2023-10-01 33 days 1,848 sqft
2023-11-01 38 days 1,807 sqft
2023-12-01 50 days 1,780 sqft
2024-01-01 54 days 1,793 sqft
2024-02-01 47 days 1,799 sqft
2024-03-01 41 days 1,811 sqft
2024-04-01 39 days 1,861 sqft
2024-05-01 34 days 1,873 sqft
2024-06-01 36 days 1,895 sqft
2024-07-01 37 days 1,881 sqft
2024-08-01 39 days 1,871 sqft
2024-09-01 39 days 1,867 sqft
2024-10-01 40 days 1,877 sqft
2024-11-01 44 days 1,841 sqft
2024-12-01 51 days 1,784 sqft
2025-01-01 59 days 1,757 sqft
2025-02-01 51 days 1,736 sqft
2025-03-01 0 days 1,764 sqft
Louisville'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.

Louisville's median square footage for active listings during the 2025-03-01 period was 1,764 sqft. One year prior, the average listing was 1,811 sqft.