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 46 lenders originated 171 USDA loans during 2023. The total origination value was $35,545,000, with an average USDA loan value of $207,865.

    Louisville USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Louisville averaged 6.52% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Louisville's average USDA mortgage closing costs are $4,631.

    The average rate for the prior week (2025-02-07) was 6.47% and one month ago for the week of 2025-01-10, the average rate was 6.72%.

    The average rate one year ago was 6.61%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.96%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 21 6.27% $7,425
    Century Mortgage Company DBA Century Lending Company 16 6.64% $6,283
    Magnolia Bank 14 6.30% $7,973
    Northpointe Bank 13 6.38% $6,106
    LEADERONE FINANCIAL CORPORATION 10 7.06% $5,411
    SUCCESS MORTGAGE PARTNERS, INC. 8 6.89% $8,022
    INTERLINC MORTGAGE SERVICES, LLC 7 6.59% $5,043
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 6.73% $7,545
    STOCKTON MORTGAGE CORPORATION 5 7.25% $8,959
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.94% $7,232
    RUOFF MORTGAGE COMPANY, INC. 4 6.75% $3,835
    Stock Yards Bank & Trust Company 4 6.38% $6,415
    DIRECT MORTGAGE LOANS, LLC 4 6.38% $8,919
    CROSSCOUNTRY MORTGAGE, LLC 3 6.75% $5,539
    UNION HOME MORTGAGE CORP. 3 6.71% $10,324
    Sierra Pacific Mortgage Company, Inc. 3 7.21% $6,511
    German American Bank 2 7.25% $4,982
    HOMESIDE FINANCIAL, LLC 2 7.00% $5,961
    Plains Commerce Bank 2 5.50% $10,434
    CARDINAL FINANCIAL 2 7.19% $7,680
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 2 6.38% $6,628
    EMM LOANS LLC 2 6.31% $5,615
    Traditional Bank, Inc. 2 6.06% $5,689
    First Savings Bank 2 6.50% $9,316
    Paramount Residential Mortgage Group, Inc. 1 6.13% $7,272
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.50% $5,709
    CHURCHILL MORTGAGE CORPORATION 1 6.13% $7,484
    Citizens Bank 1 6.13% $8,170
    CMG MORTGAGE, INC. 1 7.88% $4,364
    FAIR WAY LENDING LLC 1 6.88% $5,893
    FBC MORTGAGE, LLC 1 7.25% $5,793
    FIRST COMMUNITY MORTGAGE, INC. 1 6.13% $4,412
    GUILD MORTGAGE COMPANY 1 7.13% $7,012
    GVC MORTGAGE, INC. 1 7.13% $8,826
    Meridian Bank Corporation 1 7.13% $7,556
    MID AMERICA MORTGAGE, INC. 1 6.13% $2,207
    MORTGAGE MASTERS OF INDIANA, INC. 1 6.63% $4,565
    NORWICH COMMERCIAL GROUP, INC. 1 7.25% $3,443
    AMERICAN FINANCIAL NETWORK, INC. 1 6.88% $2,501
    Prosperity Home Mortgage, LLC 1 6.49% $4,726
    T2 FINANCIAL LLC 1 6.25% $7,467
    THE MORTGAGE WAREHOUSE,LLC 1 6.63% $5,241
    U.S. Bank 1 6.75% $5,075
    VICTORY MORTGAGE, L.L.C. 1 6.38% $5,937
    WesBanco 1 6.38% $5,115
    Wolfe Financial, Inc 1 7.75% $6,897

    The top Louisville USDA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 21 USDA loans originated. Their average total fees are $7,425, which is $1,142 higher than the next largest lender, Century Mortgage Company DBA Century Lending Company.

    The lowest fee Louisville USDA lenders (with over 10 loans originated) are LEADERONE FINANCIAL CORPORATION ($5,411), Northpointe Bank ($6,106), Century Mortgage Company DBA Century Lending Company ($6,283), UNITED WHOLESALE MORTGAGE, LLC ($7,425) and Magnolia Bank ($7,973).

    The lowest rate Louisville USDA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.27%), Magnolia Bank (6.30%), Northpointe Bank (6.38%), Century Mortgage Company DBA Century Lending Company (6.64%) and LEADERONE FINANCIAL CORPORATION (7.06%).

    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%) 0.89 3,376
    2018-02-01 $239,950 (18.5%) $316,217 (9.0%) 0.91 3,169
    2018-03-01 $254,900 (16.9%) $324,697 (8.0%) 0.91 3,138
    2018-04-01 $256,500 (11.6%) $324,914 (4.8%) 0.89 3,237
    2018-05-01 $265,407 (10.6%) $337,455 (4.8%) 0.90 3,431
    2018-06-01 $265,900 (10.8%) $340,049 (6.0%) 0.91 3,693
    2018-07-01 $266,450 (11.1%) $339,427 (6.7%) 0.90 3,801
    2018-08-01 $264,900 (10.0%) $340,743 (6.3%) 0.90 3,922
    2018-09-01 $264,700 (10.8%) $339,752 (7.4%) 0.91 4,102
    2018-10-01 $257,750 (11.7%) $332,874 (7.6%) 0.88 4,285
    2018-11-01 $250,700 (9.1%) $332,908 (8.7%) 0.87 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%) 0.89 3,384
    2019-03-01 $269,814 (5.9%) $342,160 (5.4%) 0.91 3,293
    2019-04-01 $279,675 (9.0%) $357,206 (9.9%) 0.91 3,467
    2019-05-01 $283,950 (7.0%) $366,312 (8.6%) 0.91 3,642
    2019-06-01 $279,900 (5.3%) $363,976 (7.0%) 0.90 3,797
    2019-07-01 $271,400 (1.9%) $352,088 (3.7%) 0.87 4,031
    2019-08-01 $264,182 (-0.3%) $343,903 (0.9%) 0.86 4,147
    2019-09-01 $256,205 (-3.2%) $333,938 (-1.7%) 0.85 4,178
    2019-10-01 $249,950 (-3.0%) $324,372 (-2.6%) 0.82 4,211
    2019-11-01 $242,000 (-3.5%) $317,280 (-4.7%) 0.81 4,064
    2019-12-01 $236,400 (-5.1%) $312,284 (-2.6%) 0.80 3,638
    2020-01-01 $238,570 (-4.0%) $314,411 (-0.7%) 0.81 3,318
    2020-02-01 $249,975 (-3.1%) $325,617 (-0.8%) 0.84 2,995
    2020-03-01 $267,200 (-1.0%) $343,166 (0.3%) 0.86 2,828
    2020-04-01 $270,000 (-3.5%) $347,688 (-2.7%) 0.87 2,860
    2020-05-01 $289,900 (2.1%) $364,163 (-0.6%) 0.90 2,636
    2020-06-01 $289,900 (3.6%) $375,248 (3.1%) 0.86 2,326
    2020-07-01 $289,900 (6.8%) $380,615 (8.1%) 0.85 2,156
    2020-08-01 $285,000 (7.9%) $373,825 (8.7%) 0.83 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%) 0.69 1,754
    2022-01-01 $265,000 (6.0%) $353,914 (0.9%) 0.70 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%) 0.73 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%) 0.73 1,796
    2023-07-01 $319,900 (6.7%) $392,661 (4.9%) 0.74 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%) 0.74 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%) 0.77 2,196
    2024-06-01 $329,900 (3.1%) $415,853 (4.3%) 0.77 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%) 0.75 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%) 0.00 2,598
    Louisville's median listing price for 2025-01-01 was $305,950, a difference of $-3,000 (-1.0%) versus the prior year and $350 versus the prior month.

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

    Louisville's average listing price for 2025-01-01 was $388,051, a difference of $9,974 (2.6%) versus the prior year and $565 versus the prior month.

    For the 2025-01-01 period, Louisville had 2,598 MLS listings, a difference of -223 listings (-8%) versus the prior month and 356 listings (16%) 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 43 days 2,076 sqft
    2018-05-01 39 days 2,108 sqft
    2018-06-01 39 days 2,150 sqft
    2018-07-01 43 days 2,124 sqft
    2018-08-01 43 days 2,127 sqft
    2018-09-01 45 days 2,114 sqft
    2018-10-01 48 days 2,082 sqft
    2018-11-01 52 days 2,063 sqft
    2018-12-01 60 days 2,023 sqft
    2019-01-01 67 days 2,008 sqft
    2019-02-01 63 days 2,047 sqft
    2019-03-01 52 days 2,096 sqft
    2019-04-01 44 days 2,150 sqft
    2019-05-01 43 days 2,209 sqft
    2019-06-01 44 days 2,185 sqft
    2019-07-01 44 days 2,126 sqft
    2019-08-01 44 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 69 days 1,865 sqft
    2020-02-01 59 days 1,900 sqft
    2020-03-01 47 days 1,955 sqft
    2020-04-01 49 days 1,965 sqft
    2020-05-01 52 days 2,000 sqft
    2020-06-01 41 days 2,000 sqft
    2020-07-01 38 days 1,985 sqft
    2020-08-01 35 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 39 days 1,753 sqft
    2021-01-01 46 days 1,743 sqft
    2021-02-01 37 days 1,755 sqft
    2021-03-01 27 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 29 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 45 days 1,652 sqft
    2022-02-01 34 days 1,692 sqft
    2022-03-01 23 days 1,698 sqft
    2022-04-01 21 days 1,722 sqft
    2022-05-01 20 days 1,781 sqft
    2022-06-01 22 days 1,820 sqft
    2022-07-01 24 days 1,815 sqft
    2022-08-01 31 days 1,816 sqft
    2022-09-01 36 days 1,823 sqft
    2022-10-01 36 days 1,836 sqft
    2022-11-01 41 days 1,800 sqft
    2022-12-01 50 days 1,800 sqft
    2023-01-01 54 days 1,794 sqft
    2023-02-01 44 days 1,779 sqft
    2023-03-01 36 days 1,778 sqft
    2023-04-01 36 days 1,877 sqft
    2023-05-01 31 days 1,861 sqft
    2023-06-01 29 days 1,840 sqft
    2023-07-01 31 days 1,880 sqft
    2023-08-01 32 days 1,910 sqft
    2023-09-01 32 days 1,867 sqft
    2023-10-01 32 days 1,848 sqft
    2023-11-01 37 days 1,807 sqft
    2023-12-01 48 days 1,780 sqft
    2024-01-01 53 days 1,793 sqft
    2024-02-01 45 days 1,799 sqft
    2024-03-01 40 days 1,811 sqft
    2024-04-01 38 days 1,861 sqft
    2024-05-01 31 days 1,873 sqft
    2024-06-01 32 days 1,895 sqft
    2024-07-01 37 days 1,881 sqft
    2024-08-01 38 days 1,871 sqft
    2024-09-01 38 days 1,867 sqft
    2024-10-01 39 days 1,877 sqft
    2024-11-01 44 days 1,841 sqft
    2024-12-01 51 days 1,784 sqft
    2025-01-01 0 days 1,757 sqft
    Louisville's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Louisville's median square footage for active listings during the 2025-01-01 period was 1,757 sqft. One year prior, the average listing was 1,793 sqft.