Madisonville USDA Loan Rates, Closing Costs & Stats
Madisonville, 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.
Madisonville's 12 lenders originated 28 USDA loans during 2023. The total origination value was $3,950,000, with an average USDA loan value of $141,071.
Madisonville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Madisonville
averaged
6.8%
for the week of 2024-04-12, compared to the national average (all USDA variants) of
6.705% for the same period.
Madisonville's average USDA mortgage closing costs are $3,894.
The average rate for the prior week (2024-04-05) was
6.42% and
one month ago for the week of 2024-03-08, the
average rate was 6.58%.
The average rate one year ago was 6.29%.
For refis of the same type during the week of 2024-04-12, the average rate
was 6.61%.
Madisonville 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 Madisonville level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| FIRST COMMUNITY MORTGAGE, INC. | 6 | 7.27% | $5,003 |
| TOP FLITE FINANCIAL, INC. | 6 | 6.85% | $7,413 |
| STOCKTON MORTGAGE CORPORATION | 4 | 6.88% | $7,104 |
| U.S. Bank | 2 | 6.44% | $6,372 |
| MORTGAGE MASTERS OF INDIANA, INC. | 2 | 6.81% | $5,338 |
| RUOFF MORTGAGE COMPANY, INC. | 2 | 6.56% | $4,635 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.75% | $1,883 |
| MOVEMENT MORTGAGE, LLC | 1 | 6.75% | $7,651 |
| Century Mortgage Company DBA Century Lending Company | 1 | 7.25% | $8,067 |
| EVANSVILLE TEACHERS | 1 | 7.50% | $3,716 |
| Fifth Third Bank | 1 | 6.13% | $3,934 |
| HOMESIDE FINANCIAL, LLC | 1 | 5.49% | $7,702 |
The top Madisonville USDA lender as defined by loan originations is FIRST COMMUNITY MORTGAGE, INC., with
6 USDA loans originated. Their average total fees are
$5,003, which is $2,410
lower than the next largest lender,
TOP FLITE FINANCIAL, INC..
The lowest fee Madisonville USDA lenders (with over 10 loans originated) are
.
The lowest rate Madisonville USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Madisonville (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 | $137,200 (9.9%) | $161,739 (5.0%) | 0.00 | 170 |
| 2018-02-01 | $139,900 (16.7%) | $167,569 (3.8%) | 0.00 | 163 |
| 2018-03-01 | $149,900 (11.5%) | $176,668 (7.5%) | 0.00 | 157 |
| 2018-04-01 | $147,450 (15.2%) | $170,911 (7.2%) | 0.00 | 155 |
| 2018-05-01 | $144,950 (10.9%) | $167,291 (4.2%) | 0.00 | 160 |
| 2018-06-01 | $142,250 (3.9%) | $177,519 (-4.6%) | 0.00 | 168 |
| 2018-07-01 | $136,400 (-0.8%) | $180,923 (-2.9%) | 0.00 | 183 |
| 2018-08-01 | $138,700 (2.3%) | $184,886 (16.8%) | 0.00 | 202 |
| 2018-09-01 | $134,900 (-2.6%) | $169,969 (4.1%) | 0.00 | 194 |
| 2018-10-01 | $129,900 (-1.9%) | $160,920 (2.6%) | 0.00 | 196 |
| 2018-11-01 | $129,900 (-1.0%) | $162,806 (4.7%) | 0.00 | 190 |
| 2018-12-01 | $129,900 (-2.3%) | $166,775 (4.4%) | 0.00 | 182 |
| 2019-01-01 | $128,550 (-6.3%) | $166,942 (3.2%) | 0.00 | 175 |
| 2019-02-01 | $133,325 (-4.7%) | $169,273 (1.0%) | 0.00 | 159 |
| 2019-03-01 | $134,186 (-10.5%) | $170,013 (-3.8%) | 0.00 | 150 |
| 2019-04-01 | $139,900 (-5.1%) | $176,771 (3.4%) | 0.00 | 147 |
| 2019-05-01 | $142,900 (-1.4%) | $186,541 (11.5%) | 0.00 | 149 |
| 2019-06-01 | $148,900 (4.7%) | $180,867 (1.9%) | 0.00 | 157 |
| 2019-07-01 | $138,650 (1.7%) | $173,994 (-3.8%) | 0.00 | 166 |
| 2019-08-01 | $133,536 (-3.7%) | $174,895 (-5.4%) | 0.00 | 168 |
| 2019-09-01 | $131,491 (-2.5%) | $174,667 (2.8%) | 0.00 | 175 |
| 2019-10-01 | $129,900 (0.0%) | $173,535 (7.8%) | 0.00 | 182 |
| 2019-11-01 | $128,200 (-1.3%) | $169,235 (4.0%) | 0.00 | 179 |
| 2019-12-01 | $128,050 (-1.4%) | $167,729 (0.6%) | 0.00 | 159 |
| 2020-01-01 | $128,500 (0.0%) | $165,305 (-1.0%) | 0.00 | 152 |
| 2020-02-01 | $129,900 (-2.6%) | $168,644 (-0.4%) | 0.00 | 154 |
| 2020-03-01 | $129,900 (-3.2%) | $160,533 (-5.6%) | 0.00 | 138 |
| 2020-04-01 | $129,900 (-7.2%) | $165,347 (-6.5%) | 0.00 | 133 |
| 2020-05-01 | $121,900 (-14.7%) | $167,467 (-10.2%) | 0.00 | 123 |
| 2020-06-01 | $126,850 (-14.8%) | $179,876 (-0.6%) | 0.00 | 113 |
| 2020-07-01 | $131,175 (-5.4%) | $189,209 (8.7%) | 0.00 | 117 |
| 2020-08-01 | $127,500 (-4.5%) | $185,644 (6.2%) | 0.00 | 107 |
| 2020-09-01 | $138,400 (5.3%) | $196,665 (12.6%) | 0.00 | 97 |
| 2020-10-01 | $119,950 (-7.7%) | $173,405 (-0.1%) | 0.00 | 101 |
| 2020-11-01 | $122,450 (-4.5%) | $182,860 (8.1%) | 0.00 | 90 |
| 2020-12-01 | $128,075 (0.0%) | $174,836 (4.2%) | 0.00 | 97 |
| 2021-01-01 | $134,900 (5.0%) | $177,878 (7.6%) | 0.00 | 89 |
| 2021-02-01 | $130,650 (0.6%) | $190,315 (12.9%) | 0.00 | 69 |
| 2021-03-01 | $130,675 (0.6%) | $198,463 (23.6%) | 0.00 | 58 |
| 2021-04-01 | $137,400 (5.8%) | $196,775 (19.0%) | 0.00 | 41 |
| 2021-05-01 | $174,900 (43.5%) | $203,824 (21.7%) | 0.00 | 35 |
| 2021-06-01 | $152,250 (20.0%) | $195,197 (8.5%) | 0.00 | 39 |
| 2021-07-01 | $174,900 (33.3%) | $245,858 (29.9%) | 0.00 | 51 |
| 2021-08-01 | $169,900 (33.3%) | $256,185 (38.0%) | 0.00 | 57 |
| 2021-09-01 | $179,450 (29.7%) | $243,148 (23.6%) | 0.00 | 68 |
| 2021-10-01 | $189,900 (58.3%) | $242,420 (39.8%) | 0.00 | 70 |
| 2021-11-01 | $174,900 (42.8%) | $221,446 (21.1%) | 0.00 | 71 |
| 2021-12-01 | $164,900 (28.8%) | $199,507 (14.1%) | 0.00 | 67 |
| 2022-01-01 | $166,700 (23.6%) | $215,032 (20.9%) | 0.00 | 49 |
| 2022-02-01 | $169,900 (30.0%) | $212,127 (11.5%) | 0.00 | 45 |
| 2022-03-01 | $159,900 (22.4%) | $217,090 (9.4%) | 0.00 | 40 |
| 2022-04-01 | $164,900 (20.0%) | $218,682 (11.1%) | 0.00 | 34 |
| 2022-05-01 | $186,400 (6.6%) | $282,768 (38.7%) | 0.00 | 40 |
| 2022-06-01 | $204,950 (34.6%) | $262,582 (34.5%) | 0.00 | 46 |
| 2022-07-01 | $199,900 (14.3%) | $247,321 (0.6%) | 0.00 | 64 |
| 2022-08-01 | $199,900 (17.7%) | $252,059 (-1.6%) | 0.00 | 70 |
| 2022-09-01 | $203,650 (13.5%) | $259,430 (6.7%) | 0.00 | 82 |
| 2022-10-01 | $214,900 (13.2%) | $249,390 (2.9%) | 0.00 | 84 |
| 2022-11-01 | $192,400 (10.0%) | $236,040 (6.6%) | 0.00 | 87 |
| 2022-12-01 | $189,900 (15.2%) | $241,723 (21.2%) | 0.00 | 80 |
| 2023-01-01 | $180,000 (8.0%) | $237,723 (10.6%) | 0.00 | 74 |
| 2023-02-01 | $184,900 (8.8%) | $244,877 (15.4%) | 0.00 | 62 |
| 2023-03-01 | $187,475 (17.3%) | $251,325 (15.8%) | 0.00 | 53 |
| 2023-04-01 | $204,750 (24.2%) | $238,444 (9.0%) | 0.00 | 63 |
| 2023-05-01 | $204,950 (10.0%) | $242,181 (-14.4%) | 0.00 | 60 |
| 2023-06-01 | $206,050 (0.5%) | $239,453 (-8.8%) | 0.00 | 60 |
| 2023-07-01 | $225,000 (12.6%) | $235,332 (-4.9%) | 0.00 | 72 |
| 2023-08-01 | $220,425 (10.3%) | $265,696 (5.4%) | 0.00 | 73 |
| 2023-09-01 | $188,700 (-7.3%) | $255,740 (-1.4%) | 0.00 | 72 |
| 2023-10-01 | $208,450 (-3.0%) | $283,756 (13.8%) | 0.00 | 71 |
| 2023-11-01 | $207,925 (8.1%) | $291,018 (23.3%) | 0.00 | 79 |
| 2023-12-01 | $212,000 (11.6%) | $301,853 (24.9%) | 0.00 | 76 |
| 2024-01-01 | $224,675 (24.8%) | $308,430 (29.7%) | 0.00 | 71 |
| 2024-02-01 | $196,850 (6.5%) | $295,007 (20.5%) | 0.00 | 67 |
| 2024-03-01 | $210,950 (12.5%) | $316,464 (25.9%) | 0.00 | 66 |
Madisonville's median listing price comes in at 0% of the national average.
Madisonville's average listing price for 2024-03-01 was $316,464, a difference of $65,139 (25.9%) versus the prior year and $21,457 versus the prior month.
For the 2024-03-01 period, Madisonville had 66 MLS listings, a difference of -1 listings (-1%) versus the prior month and 13 listings (25%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Madisonville (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,669 sqft |
| 2018-02-01 | 0 days | 1,683 sqft |
| 2018-03-01 | 0 days | 1,731 sqft |
| 2018-04-01 | 0 days | 1,700 sqft |
| 2018-05-01 | 0 days | 1,705 sqft |
| 2018-06-01 | 0 days | 1,656 sqft |
| 2018-07-01 | 0 days | 1,694 sqft |
| 2018-08-01 | 0 days | 1,734 sqft |
| 2018-09-01 | 0 days | 1,638 sqft |
| 2018-10-01 | 0 days | 1,601 sqft |
| 2018-11-01 | 0 days | 1,639 sqft |
| 2018-12-01 | 0 days | 1,636 sqft |
| 2019-01-01 | 0 days | 1,630 sqft |
| 2019-02-01 | 0 days | 1,694 sqft |
| 2019-03-01 | 0 days | 1,703 sqft |
| 2019-04-01 | 0 days | 1,751 sqft |
| 2019-05-01 | 0 days | 1,819 sqft |
| 2019-06-01 | 0 days | 1,800 sqft |
| 2019-07-01 | 0 days | 1,779 sqft |
| 2019-08-01 | 0 days | 1,761 sqft |
| 2019-09-01 | 0 days | 1,735 sqft |
| 2019-10-01 | 0 days | 1,712 sqft |
| 2019-11-01 | 0 days | 1,700 sqft |
| 2019-12-01 | 0 days | 1,653 sqft |
| 2020-01-01 | 0 days | 1,700 sqft |
| 2020-02-01 | 0 days | 1,636 sqft |
| 2020-03-01 | 0 days | 1,636 sqft |
| 2020-04-01 | 0 days | 1,707 sqft |
| 2020-05-01 | 0 days | 1,624 sqft |
| 2020-06-01 | 0 days | 1,704 sqft |
| 2020-07-01 | 0 days | 1,708 sqft |
| 2020-08-01 | 0 days | 1,700 sqft |
| 2020-09-01 | 0 days | 1,713 sqft |
| 2020-10-01 | 0 days | 1,565 sqft |
| 2020-11-01 | 0 days | 1,563 sqft |
| 2020-12-01 | 0 days | 1,539 sqft |
| 2021-01-01 | 0 days | 1,559 sqft |
| 2021-02-01 | 0 days | 1,549 sqft |
| 2021-03-01 | 0 days | 1,696 sqft |
| 2021-04-01 | 0 days | 1,745 sqft |
| 2021-05-01 | 0 days | 1,699 sqft |
| 2021-06-01 | 0 days | 1,476 sqft |
| 2021-07-01 | 0 days | 1,624 sqft |
| 2021-08-01 | 0 days | 1,691 sqft |
| 2021-09-01 | 0 days | 1,648 sqft |
| 2021-10-01 | 0 days | 1,702 sqft |
| 2021-11-01 | 0 days | 1,638 sqft |
| 2021-12-01 | 0 days | 1,532 sqft |
| 2022-01-01 | 0 days | 1,402 sqft |
| 2022-02-01 | 0 days | 1,469 sqft |
| 2022-03-01 | 0 days | 1,396 sqft |
| 2022-04-01 | 0 days | 1,400 sqft |
| 2022-05-01 | 0 days | 1,742 sqft |
| 2022-06-01 | 0 days | 1,812 sqft |
| 2022-07-01 | 0 days | 1,704 sqft |
| 2022-08-01 | 0 days | 1,650 sqft |
| 2022-09-01 | 0 days | 1,743 sqft |
| 2022-10-01 | 0 days | 1,731 sqft |
| 2022-11-01 | 0 days | 1,648 sqft |
| 2022-12-01 | 0 days | 1,680 sqft |
| 2023-01-01 | 0 days | 1,696 sqft |
| 2023-02-01 | 0 days | 1,766 sqft |
| 2023-03-01 | 0 days | 1,751 sqft |
| 2023-04-01 | 0 days | 1,659 sqft |
| 2023-05-01 | 0 days | 1,602 sqft |
| 2023-06-01 | 0 days | 1,624 sqft |
| 2023-07-01 | 0 days | 1,873 sqft |
| 2023-08-01 | 0 days | 1,850 sqft |
| 2023-09-01 | 0 days | 1,668 sqft |
| 2023-10-01 | 0 days | 1,696 sqft |
| 2023-11-01 | 0 days | 1,764 sqft |
| 2023-12-01 | 0 days | 1,779 sqft |
| 2024-01-01 | 0 days | 1,727 sqft |
| 2024-02-01 | 0 days | 1,535 sqft |
| 2024-03-01 | 0 days | 1,548 sqft |
Madisonville's median square footage for active listings during the 2024-03-01 period was 1,548 sqft. One year prior, the average listing was 1,751 sqft.