Madisonville USDA Loan Rates, Closing Costs & Stats

Madisonville, 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.

    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 6.4% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Madisonville's average USDA mortgage closing costs are $3,894.

    The average rate for the prior week (2024-12-06) was 6.33% and one month ago for the week of 2024-11-08, the average rate was 6.25%.

    The average rate one year ago was 7.02%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.3%.

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

    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
    2024-04-01 $218,650 (6.8%) $311,391 (30.6%) 0.00 91
    2024-05-01 $219,900 (7.3%) $309,076 (27.6%) 0.00 90
    2024-06-01 $209,900 (1.9%) $306,402 (28.0%) 0.00 82
    2024-07-01 $196,950 (-12.5%) $290,912 (23.6%) 0.00 95
    2024-08-01 $215,000 (-2.5%) $283,525 (6.7%) 0.00 114
    2024-09-01 $217,450 (15.2%) $285,213 (11.5%) 0.00 108
    2024-10-01 $208,675 (0.1%) $286,926 (1.1%) 0.00 98
    2024-11-01 $219,900 (5.8%) $274,568 (-5.7%) 0.00 97
    Madisonville's median listing price for 2024-11-01 was $219,900, a difference of $11,975 (5.8%) versus the prior year and $11,225 versus the prior month.

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

    Madisonville's average listing price for 2024-11-01 was $274,568, a difference of $-16,450 (-5.7%) versus the prior year and $-12,358 versus the prior month.

    For the 2024-11-01 period, Madisonville had 97 MLS listings, a difference of -1 listings (-1%) versus the prior month and 18 listings (23%) 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
    2024-04-01 0 days 1,688 sqft
    2024-05-01 0 days 1,668 sqft
    2024-06-01 0 days 1,750 sqft
    2024-07-01 0 days 1,659 sqft
    2024-08-01 0 days 1,642 sqft
    2024-09-01 0 days 1,678 sqft
    2024-10-01 0 days 1,637 sqft
    2024-11-01 0 days 1,653 sqft
    Madisonville's median listing age (time on market) for 2024-11-01 was 0 days.

    Madisonville's median square footage for active listings during the 2024-11-01 period was 1,653 sqft. One year prior, the average listing was 1,764 sqft.