Louisville USDA Loan Rates, Closing Costs & Stats

LOUISVILLE, 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.

    Louisville's 59 lenders originated 282 USDA loans during 2022. The total origination value was $54,100,000, with an average USDA loan value of $191,844.

    Louisville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Louisville averaged -0.54% for the week of 2023-11-24, compared to the national average (all USDA variants) of 0% for the same period.

    Louisville's average USDA mortgage closing costs are $4,507.

    The average rate for the prior week (2023-11-17) was 7.05% and one month ago for the week of 2023-10-20, the average rate was 7.37%.

    The average rate one year ago was 6.21%.

    For refis of the same type during the week of 2023-11-24, the average rate was -1.3%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    HOME POINT FINANCIAL CORPORATION 43 4.54% $5,518
    UNITED WHOLESALE MORTGAGE, LLC 20 4.90% $5,011
    Century Mortgage Company DBA Century Lending Company 19 4.70% $5,186
    GUARANTY HOME MORTGAGE CORPORATION 14 4.63% $4,713
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 5.24% $6,459
    Northpointe Bank 12 4.76% $5,117
    STOCKTON MORTGAGE CORPORATION 10 5.03% $7,138
    CMG MORTGAGE, INC. 10 4.82% $5,299
    SUCCESS MORTGAGE PARTNERS, INC. 9 5.35% $6,229
    Magnolia Bank 9 4.30% $6,307
    RUOFF MORTGAGE COMPANY, INC. 6 5.13% $3,671
    Paramount Residential Mortgage Group, Inc. 6 4.75% $5,770
    THRIVE MORTGAGE, LLC 6 3.71% $5,604
    UNION HOME MORTGAGE CORP. 5 4.40% $3,685
    Stock Yards Bank & Trust Company 5 4.33% $4,643
    EVERETT FINANCIAL, INC. 4 4.50% $3,879
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 4.31% $6,792
    Sierra Pacific Mortgage Company, Inc. 4 5.63% $6,687
    First Savings Bank 4 4.72% $4,002
    INTERLINC MORTGAGE SERVICES, LLC 4 5.06% $5,029
    MID AMERICA MORTGAGE, INC. 4 4.16% $3,932
    AMERICAN MORTGAGE SERVICE COMPANY 3 4.00% $5,551
    Prosperity Home Mortgage, LLC 3 4.37% $6,391
    CROSSCOUNTRY MORTGAGE, LLC 3 4.62% $3,174
    SOUTHWEST FUNDING, LP 3 5.29% $7,480
    EMM LOANS LLC 3 5.08% $5,555
    Flagstar Bank, FSB 3 3.92% $4,699
    ENVOY MORTGAGE, LTD 2 5.44% $9,680
    CARDINAL FINANCIAL 2 5.38% $10,692
    Carrington Mortgage Services, LLC 2 4.50% $7,987
    CALIBER HOME LOANS, INC. 2 3.81% $4,020
    Wolfe Financial, Inc 2 5.44% $5,375
    German American Bank 2 4.06% $4,897
    DIRECT MORTGAGE LOANS, LLC 2 4.63% $5,880
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.94% $4,691
    Regions Bank 2 5.38% $2,309
    MYCUMORTGAGE, LLC 1 3.50% $4,647
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.75% $3,353
    CHURCHILL MORTGAGE CORPORATION 1 4.38% $11,329
    DRAPER AND KRAMER MORTGAGE CORP. 1 5.25% $4,208
    EVANSVILLE TEACHERS 1 2.63% $7,268
    FAIR WAY LENDING LLC 1 5.75% $4,134
    FBC MORTGAGE, LLC 1 5.63% $4,888
    First Harrison Bank 1 4.00% $2,922
    Forcht Bank 1 5.50% $5,957
    GUARANTEED RATE AFFINITY, LLC 1 5.75% $5,192
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 3.99% $3,507
    HOMESIDE FINANCIAL, LLC 1 5.13% $6,710
    Hometown Equity Mortgage, LLC 1 3.25% $4,709
    Jackson County Bank 1 5.13% $4,139
    LOANDEPOT.COM, LLC 1 5.63% $4,959
    MOVEMENT MORTGAGE, LLC 1 3.25% $3,945
    PENNYMAC LOAN SERVICES, LLC 1 2.88% $4,790
    Plains Commerce Bank 1 6.25% $8,167
    PLAZA HOME MORTGAGE, INC. 1 4.99% $5,425
    POLARIS HOME FUNDING CORP. 1 4.88% $7,226
    VICTORY MORTGAGE, L.L.C. 1 2.63% $5,721
    WesBanco 1 4.00% $4,780
    Wilson & Muir Bank & Trust Company 1 5.13% $5,252

    The top Louisville USDA lender as defined by loan originations is HOME POINT FINANCIAL CORPORATION, with 43 USDA loans originated. Their average total fees are $5,518, which is $507 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Louisville USDA lenders (with over 10 loans originated) are GUARANTY HOME MORTGAGE CORPORATION ($4,713), UNITED WHOLESALE MORTGAGE, LLC ($5,011), Northpointe Bank ($5,117), Century Mortgage Company DBA Century Lending Company ($5,186) and CMG MORTGAGE, INC. ($5,299).

    The lowest rate Louisville USDA lenders (with over 10 loans originated) are HOME POINT FINANCIAL CORPORATION (4.54%), GUARANTY HOME MORTGAGE CORPORATION (4.63%), Century Mortgage Company DBA Century Lending Company (4.70%), Northpointe Bank (4.76%) and CMG MORTGAGE, INC. (4.82%).

    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 $238,875 (24.2%) $313,489 (12.7%) 0.89 3,145
    2018-02-01 $248,923 (18.3%) $323,917 (9.2%) 0.90 2,942
    2018-03-01 $259,900 (18.1%) $330,530 (7.8%) 0.91 2,948
    2018-04-01 $261,957 (11.5%) $331,099 (5.0%) 0.89 3,037
    2018-05-01 $269,900 (9.6%) $343,606 (5.0%) 0.90 3,233
    2018-06-01 $271,172 (11.2%) $346,715 (6.6%) 0.90 3,447
    2018-07-01 $270,625 (12.8%) $345,981 (7.5%) 0.90 3,555
    2018-08-01 $269,900 (9.9%) $346,881 (6.4%) 0.90 3,671
    2018-09-01 $269,539 (12.4%) $345,897 (7.8%) 0.91 3,846
    2018-10-01 $260,200 (10.7%) $338,534 (7.8%) 0.88 4,032
    2018-11-01 $257,950 (10.5%) $339,561 (9.5%) 0.87 3,990
    2018-12-01 $249,950 (8.7%) $326,666 (6.7%) 0.86 3,768
    2019-01-01 $249,999 (4.7%) $323,197 (3.1%) 0.86 3,456
    2019-02-01 $262,450 (5.4%) $335,000 (3.4%) 0.89 3,136
    2019-03-01 $276,979 (6.6%) $349,345 (5.7%) 0.91 3,062
    2019-04-01 $286,193 (9.3%) $365,397 (10.4%) 0.91 3,244
    2019-05-01 $289,900 (7.4%) $374,278 (8.9%) 0.91 3,420
    2019-06-01 $285,000 (5.1%) $371,778 (7.2%) 0.89 3,562
    2019-07-01 $278,305 (2.8%) $358,912 (3.7%) 0.87 3,796
    2019-08-01 $270,753 (0.3%) $351,056 (1.2%) 0.86 3,897
    2019-09-01 $264,142 (-2.0%) $340,731 (-1.5%) 0.85 3,929
    2019-10-01 $254,500 (-2.2%) $330,407 (-2.4%) 0.82 3,958
    2019-11-01 $247,000 (-4.3%) $322,266 (-5.1%) 0.81 3,814
    2019-12-01 $239,945 (-4.0%) $317,624 (-2.8%) 0.80 3,403
    2020-01-01 $239,963 (-4.0%) $319,801 (-1.1%) 0.80 3,101
    2020-02-01 $256,083 (-2.4%) $330,930 (-1.2%) 0.84 2,812
    2020-03-01 $274,900 (-0.8%) $350,914 (0.5%) 0.86 2,647
    2020-04-01 $279,248 (-2.4%) $354,163 (-3.1%) 0.87 2,694
    2020-05-01 $295,000 (1.8%) $370,501 (-1.0%) 0.90 2,497
    2020-06-01 $291,449 (2.3%) $380,301 (2.3%) 0.86 2,213
    2020-07-01 $293,093 (5.3%) $384,296 (7.1%) 0.85 2,061
    2020-08-01 $287,900 (6.3%) $377,334 (7.5%) 0.82 1,970
    2020-09-01 $272,400 (3.1%) $369,330 (8.4%) 0.78 2,030
    2020-10-01 $260,000 (2.2%) $367,242 (11.2%) 0.75 2,014
    2020-11-01 $249,900 (1.2%) $360,575 (11.9%) 0.73 2,020
    2020-12-01 $245,449 (2.3%) $351,754 (10.8%) 0.73 1,893
    2021-01-01 $249,900 (4.1%) $355,456 (11.2%) 0.75 1,590
    2021-02-01 $261,900 (2.3%) $369,441 (11.6%) 0.76 1,257
    2021-03-01 $267,900 (-2.6%) $377,648 (7.6%) 0.76 1,222
    2021-04-01 $272,400 (-2.5%) $385,390 (8.8%) 0.74 1,269
    2021-05-01 $275,950 (-6.5%) $388,632 (4.9%) 0.73 1,252
    2021-06-01 $282,450 (-3.1%) $393,506 (3.5%) 0.74 1,410
    2021-07-01 $274,950 (-6.2%) $375,324 (-2.3%) 0.73 1,672
    2021-08-01 $269,900 (-6.3%) $370,550 (-1.8%) 0.72 1,853
    2021-09-01 $259,900 (-4.6%) $359,649 (-2.6%) 0.69 1,902
    2021-10-01 $259,000 (-0.4%) $353,859 (-3.6%) 0.69 1,949
    2021-11-01 $249,900 (0.0%) $348,573 (-3.3%) 0.67 1,887
    2021-12-01 $255,950 (4.3%) $353,712 (0.6%) 0.69 1,639
    2022-01-01 $260,000 (4.0%) $353,824 (-0.5%) 0.70 1,410
    2022-02-01 $279,900 (6.9%) $371,479 (0.6%) 0.73 1,140
    2022-03-01 $289,950 (8.2%) $380,603 (0.8%) 0.73 1,145
    2022-04-01 $290,000 (6.5%) $383,599 (-0.5%) 0.69 1,182
    2022-05-01 $297,207 (7.7%) $384,412 (-1.1%) 0.68 1,477
    2022-06-01 $299,900 (6.2%) $388,353 (-1.3%) 0.67 1,716
    2022-07-01 $299,995 (9.1%) $377,695 (0.6%) 0.68 2,012
    2022-08-01 $299,900 (11.1%) $373,195 (0.7%) 0.69 2,125
    2022-09-01 $299,950 (15.4%) $371,534 (3.3%) 0.70 2,115
    2022-10-01 $299,900 (15.8%) $365,642 (3.3%) 0.71 2,251
    2022-11-01 $290,000 (16.1%) $356,666 (2.3%) 0.70 2,360
    2022-12-01 $295,000 (15.3%) $358,373 (1.3%) 0.73 2,170
    2023-01-01 $299,000 (15.0%) $362,291 (2.4%) 0.74 1,918
    2023-02-01 $300,000 (7.2%) $375,128 (1.0%) 0.72 1,657
    2023-03-01 $307,975 (6.2%) $377,077 (-0.9%) 0.73 1,560
    2023-04-01 $320,000 (10.3%) $395,846 (3.2%) 0.74 1,471
    2023-05-01 $323,900 (9.0%) $403,505 (5.0%) 0.73 1,512
    2023-06-01 $324,900 (8.3%) $403,635 (3.9%) 0.73 1,641
    2023-07-01 $324,900 (8.3%) $397,930 (5.4%) 0.74 1,745
    2023-08-01 $322,500 (7.5%) $394,753 (5.8%) 0.74 1,837
    2023-09-01 $316,358 (5.5%) $392,937 (5.8%) 0.74 1,986
    2023-10-01 $305,450 (1.9%) $379,716 (3.9%) 0.72 2,275
    Louisville's median listing price for 2023-10-01 was $305,450, a difference of $5,550 (1.9%) versus the prior year and $-10,908 versus the prior month.

    Louisville's median listing price comes in at 72% of the national average.

    Louisville's average listing price for 2023-10-01 was $379,716, a difference of $14,074 (3.9%) versus the prior year and $-13,221 versus the prior month.

    For the 2023-10-01 period, Louisville had 2,275 MLS listings, a difference of 289 listings (15%) versus the prior month and 24 listings (1%) 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 1,983 sqft
    2018-02-01 64 days 2,000 sqft
    2018-03-01 45 days 2,050 sqft
    2018-04-01 43 days 2,087 sqft
    2018-05-01 39 days 2,128 sqft
    2018-06-01 39 days 2,166 sqft
    2018-07-01 43 days 2,138 sqft
    2018-08-01 43 days 2,136 sqft
    2018-09-01 45 days 2,125 sqft
    2018-10-01 48 days 2,098 sqft
    2018-11-01 52 days 2,078 sqft
    2018-12-01 61 days 2,050 sqft
    2019-01-01 67 days 2,036 sqft
    2019-02-01 63 days 2,056 sqft
    2019-03-01 52 days 2,116 sqft
    2019-04-01 44 days 2,178 sqft
    2019-05-01 43 days 2,241 sqft
    2019-06-01 44 days 2,200 sqft
    2019-07-01 44 days 2,144 sqft
    2019-08-01 44 days 2,093 sqft
    2019-09-01 45 days 2,041 sqft
    2019-10-01 46 days 1,997 sqft
    2019-11-01 51 days 1,953 sqft
    2019-12-01 63 days 1,869 sqft
    2020-01-01 69 days 1,877 sqft
    2020-02-01 59 days 1,906 sqft
    2020-03-01 47 days 1,974 sqft
    2020-04-01 49 days 1,987 sqft
    2020-05-01 52 days 2,001 sqft
    2020-06-01 41 days 2,009 sqft
    2020-07-01 38 days 1,987 sqft
    2020-08-01 35 days 1,975 sqft
    2020-09-01 32 days 1,896 sqft
    2020-10-01 31 days 1,890 sqft
    2020-11-01 34 days 1,810 sqft
    2020-12-01 39 days 1,756 sqft
    2021-01-01 46 days 1,747 sqft
    2021-02-01 37 days 1,753 sqft
    2021-03-01 27 days 1,788 sqft
    2021-04-01 23 days 1,764 sqft
    2021-05-01 21 days 1,775 sqft
    2021-06-01 19 days 1,822 sqft
    2021-07-01 22 days 1,800 sqft
    2021-08-01 24 days 1,800 sqft
    2021-09-01 29 days 1,775 sqft
    2021-10-01 30 days 1,750 sqft
    2021-11-01 32 days 1,682 sqft
    2021-12-01 41 days 1,667 sqft
    2022-01-01 46 days 1,640 sqft
    2022-02-01 34 days 1,671 sqft
    2022-03-01 23 days 1,680 sqft
    2022-04-01 22 days 1,703 sqft
    2022-05-01 20 days 1,780 sqft
    2022-06-01 22 days 1,823 sqft
    2022-07-01 25 days 1,830 sqft
    2022-08-01 31 days 1,824 sqft
    2022-09-01 36 days 1,827 sqft
    2022-10-01 36 days 1,845 sqft
    2022-11-01 41 days 1,823 sqft
    2022-12-01 50 days 1,821 sqft
    2023-01-01 54 days 1,800 sqft
    2023-02-01 44 days 1,801 sqft
    2023-03-01 36 days 1,806 sqft
    2023-04-01 36 days 1,918 sqft
    2023-05-01 31 days 1,889 sqft
    2023-06-01 29 days 1,866 sqft
    2023-07-01 31 days 1,900 sqft
    2023-08-01 32 days 1,928 sqft
    2023-09-01 32 days 1,880 sqft
    2023-10-01 32 days 1,863 sqft
    Louisville's median listing age (time on market) for 2023-10-01 was 32 days. This is -13% shorter than the same period one year ago.

    Louisville's median square footage for active listings during the 2023-10-01 period was 1,863 sqft. One year prior, the average listing was 1,845 sqft.