Mayfield USDA Loan Rates, Closing Costs & Stats
Mayfield, 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.
Mayfield's 12 lenders originated 23 USDA loans during 2023. The total origination value was $3,365,000, with an average USDA loan value of $146,304.
Mayfield USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Mayfield
averaged
-0.01%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Mayfield's average USDA mortgage closing costs are $3,937.
The average rate for the prior week (2024-11-22) was
6.59% and
one month ago for the week of 2024-10-25, the
average rate was 6.39%.
The average rate one year ago was 7.1%.
For refis of the same type during the week of 2024-11-29, the average rate
was 0.1%.
Mayfield 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 Mayfield level.
Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
---|---|---|---|
GERSHMAN INVESTMENT CORP. | 5 | 6.28% | $5,050 |
MID AMERICA MORTGAGE, INC. | 4 | 6.66% | $4,330 |
Magnolia Bank | 4 | 6.59% | $4,606 |
U.S. Bank | 2 | 6.25% | $4,385 |
FirstTrust Home Loans, Inc. | 1 | 6.63% | $2,832 |
EVERETT FINANCIAL, INC. | 1 | 7.13% | $8,131 |
CRESCENT MORTGAGE COMPANY | 1 | 6.25% | $4,128 |
Community Mortgage Banc Corporation | 1 | 6.25% | $4,248 |
POLARIS HOME FUNDING CORP. | 1 | 6.75% | $5,704 |
Regions Bank | 1 | 6.25% | $4,393 |
STOCKTON MORTGAGE CORPORATION | 1 | 7.63% | $5,453 |
AXIA FINANCIAL, LLC | 1 | 6.99% | $8,749 |
The top Mayfield USDA lender as defined by loan originations is GERSHMAN INVESTMENT CORP., with
5 USDA loans originated. Their average total fees are
$5,050, which is $720
higher than the next largest lender,
MID AMERICA MORTGAGE, INC..
The lowest fee Mayfield USDA lenders (with over 10 loans originated) are
.
The lowest rate Mayfield USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Mayfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $126,250 (1.1%) | $152,169 (6.1%) | 0.00 | 125 |
2018-02-01 | $124,100 (-3.6%) | $150,686 (-0.7%) | 0.00 | 117 |
2018-03-01 | $134,450 (-1.8%) | $162,991 (5.1%) | 0.00 | 119 |
2018-04-01 | $137,188 (-1.7%) | $157,806 (0.1%) | 0.00 | 140 |
2018-05-01 | $135,000 (-3.5%) | $159,738 (-1.1%) | 0.00 | 144 |
2018-06-01 | $145,000 (2.2%) | $164,083 (1.5%) | 0.00 | 153 |
2018-07-01 | $146,125 (6.0%) | $168,420 (7.3%) | 0.00 | 156 |
2018-08-01 | $132,900 (2.3%) | $168,994 (9.5%) | 0.00 | 153 |
2018-09-01 | $124,900 (9.1%) | $164,355 (8.2%) | 0.00 | 147 |
2018-10-01 | $123,150 (3.4%) | $164,524 (8.7%) | 0.00 | 132 |
2018-11-01 | $119,200 (-5.0%) | $158,550 (3.8%) | 0.00 | 133 |
2018-12-01 | $121,400 (1.6%) | $158,215 (6.4%) | 0.00 | 125 |
2019-01-01 | $119,900 (-5.0%) | $156,514 (2.9%) | 0.00 | 106 |
2019-02-01 | $122,225 (-1.5%) | $150,268 (-0.3%) | 0.00 | 111 |
2019-03-01 | $133,929 (-0.4%) | $162,740 (-0.2%) | 0.00 | 102 |
2019-04-01 | $139,900 (2.0%) | $173,741 (10.1%) | 0.00 | 96 |
2019-05-01 | $136,175 (0.9%) | $179,880 (12.6%) | 0.00 | 113 |
2019-06-01 | $135,000 (-6.9%) | $187,344 (14.2%) | 0.00 | 120 |
2019-07-01 | $134,925 (-7.7%) | $190,859 (13.3%) | 0.00 | 110 |
2019-08-01 | $138,886 (4.5%) | $187,120 (10.7%) | 0.00 | 111 |
2019-09-01 | $144,716 (15.9%) | $179,898 (9.5%) | 0.00 | 113 |
2019-10-01 | $148,227 (20.4%) | $172,465 (4.8%) | 0.00 | 115 |
2019-11-01 | $140,200 (17.6%) | $166,794 (5.2%) | 0.00 | 112 |
2019-12-01 | $146,700 (20.8%) | $171,667 (8.5%) | 0.00 | 100 |
2020-01-01 | $148,625 (24.0%) | $172,734 (10.4%) | 0.00 | 90 |
2020-02-01 | $139,900 (14.5%) | $177,708 (18.3%) | 0.00 | 64 |
2020-03-01 | $139,000 (3.8%) | $183,423 (12.7%) | 0.00 | 63 |
2020-04-01 | $143,375 (2.5%) | $186,396 (7.3%) | 0.00 | 58 |
2020-05-01 | $159,200 (16.9%) | $196,904 (9.5%) | 0.00 | 50 |
2020-06-01 | $162,225 (20.2%) | $209,318 (11.7%) | 0.00 | 46 |
2020-07-01 | $136,150 (0.9%) | $200,551 (5.1%) | 0.00 | 42 |
2020-08-01 | $143,700 (3.5%) | $195,120 (4.3%) | 0.00 | 42 |
2020-09-01 | $162,400 (12.2%) | $192,297 (6.9%) | 0.00 | 41 |
2020-10-01 | $160,000 (7.9%) | $204,158 (18.4%) | 0.00 | 39 |
2020-11-01 | $145,925 (4.1%) | $196,635 (17.9%) | 0.00 | 34 |
2020-12-01 | $134,900 (-8.0%) | $174,572 (1.7%) | 0.00 | 32 |
2021-01-01 | $139,900 (-5.9%) | $186,046 (7.7%) | 0.00 | 31 |
2021-02-01 | $160,750 (14.9%) | $194,018 (9.2%) | 0.00 | 30 |
2021-03-01 | $175,725 (26.4%) | $207,792 (13.3%) | 0.00 | 20 |
2021-04-01 | $149,400 (4.2%) | $181,868 (-2.4%) | 0.00 | 27 |
2021-05-01 | $144,900 (-9.0%) | $222,004 (12.8%) | 0.00 | 26 |
2021-06-01 | $149,450 (-7.9%) | $214,194 (2.3%) | 0.00 | 33 |
2021-07-01 | $143,750 (5.6%) | $200,670 (0.1%) | 0.00 | 37 |
2021-08-01 | $149,900 (4.3%) | $249,888 (28.1%) | 0.00 | 43 |
2021-09-01 | $148,675 (-8.5%) | $230,682 (20.0%) | 0.00 | 48 |
2021-10-01 | $160,000 (0.0%) | $237,649 (16.4%) | 0.00 | 45 |
2021-11-01 | $185,925 (27.4%) | $242,817 (23.5%) | 0.00 | 46 |
2021-12-01 | $184,350 (36.7%) | $246,425 (41.2%) | 0.00 | 44 |
2022-01-01 | $174,900 (25.0%) | $242,719 (30.5%) | 0.00 | 33 |
2022-02-01 | $170,950 (6.4%) | $236,884 (22.1%) | 0.00 | 30 |
2022-03-01 | $219,900 (25.1%) | $244,635 (17.7%) | 0.00 | 22 |
2022-04-01 | $199,450 (33.5%) | $241,966 (33.1%) | 0.00 | 21 |
2022-05-01 | $214,725 (48.2%) | $232,488 (4.7%) | 0.00 | 25 |
2022-06-01 | $244,950 (63.9%) | $245,278 (14.5%) | 0.00 | 29 |
2022-07-01 | $229,000 (59.3%) | $241,847 (20.5%) | 0.00 | 34 |
2022-08-01 | $209,225 (39.6%) | $233,912 (-6.4%) | 0.00 | 43 |
2022-09-01 | $193,750 (30.3%) | $225,117 (-2.4%) | 0.00 | 51 |
2022-10-01 | $212,000 (32.5%) | $229,540 (-3.4%) | 0.00 | 50 |
2022-11-01 | $189,950 (2.2%) | $210,418 (-13.3%) | 0.00 | 55 |
2022-12-01 | $201,950 (9.6%) | $231,947 (-5.9%) | 0.00 | 45 |
2023-01-01 | $204,900 (17.2%) | $237,482 (-2.2%) | 0.00 | 41 |
2023-02-01 | $184,450 (7.9%) | $238,424 (0.7%) | 0.00 | 32 |
2023-03-01 | $210,000 (-4.5%) | $266,429 (8.9%) | 0.00 | 32 |
2023-04-01 | $204,900 (2.7%) | $274,950 (13.6%) | 0.00 | 37 |
2023-05-01 | $202,400 (-5.7%) | $269,958 (16.1%) | 0.00 | 35 |
2023-06-01 | $260,950 (6.5%) | $293,565 (19.7%) | 0.00 | 40 |
2023-07-01 | $269,900 (17.9%) | $290,879 (20.3%) | 0.00 | 44 |
2023-08-01 | $244,450 (16.8%) | $269,655 (15.3%) | 0.00 | 51 |
2023-09-01 | $254,750 (31.5%) | $285,060 (26.6%) | 0.00 | 51 |
2023-10-01 | $229,225 (8.1%) | $265,360 (15.6%) | 0.00 | 56 |
2023-11-01 | $215,725 (13.6%) | $254,374 (20.9%) | 0.00 | 57 |
2023-12-01 | $222,450 (10.2%) | $258,665 (11.5%) | 0.00 | 58 |
2024-01-01 | $219,750 (7.3%) | $249,568 (5.1%) | 0.00 | 57 |
2024-02-01 | $201,500 (9.2%) | $252,324 (5.8%) | 0.00 | 50 |
2024-03-01 | $227,500 (8.3%) | $273,791 (2.8%) | 0.00 | 54 |
2024-04-01 | $212,400 (3.7%) | $273,125 (-0.7%) | 0.00 | 53 |
2024-05-01 | $238,500 (17.8%) | $300,558 (11.3%) | 0.00 | 53 |
2024-06-01 | $245,000 (-6.1%) | $296,733 (1.1%) | 0.00 | 51 |
2024-07-01 | $234,800 (-13.0%) | $271,660 (-6.6%) | 0.00 | 55 |
2024-08-01 | $231,900 (-5.1%) | $268,541 (-0.4%) | 0.00 | 65 |
2024-09-01 | $229,850 (-9.8%) | $273,724 (-4.0%) | 0.00 | 74 |
2024-10-01 | $240,500 (4.9%) | $277,437 (4.6%) | 0.00 | 71 |
Mayfield's median listing price comes in at 0% of the national average.
Mayfield's average listing price for 2024-10-01 was $277,437, a difference of $12,077 (4.6%) versus the prior year and $3,713 versus the prior month.
For the 2024-10-01 period, Mayfield had 71 MLS listings, a difference of -3 listings (-4%) versus the prior month and 15 listings (27%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Mayfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,773 sqft |
2018-02-01 | 0 days | 1,760 sqft |
2018-03-01 | 0 days | 1,875 sqft |
2018-04-01 | 0 days | 1,764 sqft |
2018-05-01 | 0 days | 1,764 sqft |
2018-06-01 | 0 days | 1,786 sqft |
2018-07-01 | 0 days | 1,853 sqft |
2018-08-01 | 0 days | 1,766 sqft |
2018-09-01 | 0 days | 1,698 sqft |
2018-10-01 | 0 days | 1,710 sqft |
2018-11-01 | 0 days | 1,703 sqft |
2018-12-01 | 0 days | 1,700 sqft |
2019-01-01 | 0 days | 1,705 sqft |
2019-02-01 | 0 days | 1,688 sqft |
2019-03-01 | 0 days | 1,743 sqft |
2019-04-01 | 0 days | 1,772 sqft |
2019-05-01 | 0 days | 1,752 sqft |
2019-06-01 | 0 days | 1,817 sqft |
2019-07-01 | 0 days | 1,820 sqft |
2019-08-01 | 0 days | 1,777 sqft |
2019-09-01 | 0 days | 1,799 sqft |
2019-10-01 | 0 days | 1,806 sqft |
2019-11-01 | 0 days | 1,751 sqft |
2019-12-01 | 0 days | 1,901 sqft |
2020-01-01 | 0 days | 1,942 sqft |
2020-02-01 | 0 days | 1,913 sqft |
2020-03-01 | 0 days | 1,882 sqft |
2020-04-01 | 0 days | 1,887 sqft |
2020-05-01 | 0 days | 1,907 sqft |
2020-06-01 | 0 days | 1,900 sqft |
2020-07-01 | 0 days | 1,804 sqft |
2020-08-01 | 0 days | 1,800 sqft |
2020-09-01 | 0 days | 1,858 sqft |
2020-10-01 | 0 days | 1,800 sqft |
2020-11-01 | 0 days | 1,730 sqft |
2020-12-01 | 0 days | 1,613 sqft |
2021-01-01 | 0 days | 1,691 sqft |
2021-02-01 | 0 days | 1,755 sqft |
2021-03-01 | 0 days | 2,000 sqft |
2021-04-01 | 0 days | 1,697 sqft |
2021-05-01 | 0 days | 1,872 sqft |
2021-06-01 | 0 days | 1,801 sqft |
2021-07-01 | 0 days | 1,620 sqft |
2021-08-01 | 0 days | 1,803 sqft |
2021-09-01 | 0 days | 1,791 sqft |
2021-10-01 | 0 days | 1,754 sqft |
2021-11-01 | 0 days | 1,772 sqft |
2021-12-01 | 0 days | 1,847 sqft |
2022-01-01 | 0 days | 1,765 sqft |
2022-02-01 | 0 days | 1,773 sqft |
2022-03-01 | 0 days | 1,663 sqft |
2022-04-01 | 0 days | 1,800 sqft |
2022-05-01 | 0 days | 1,677 sqft |
2022-06-01 | 0 days | 1,746 sqft |
2022-07-01 | 0 days | 1,893 sqft |
2022-08-01 | 0 days | 1,774 sqft |
2022-09-01 | 0 days | 1,774 sqft |
2022-10-01 | 0 days | 1,680 sqft |
2022-11-01 | 0 days | 1,609 sqft |
2022-12-01 | 0 days | 1,735 sqft |
2023-01-01 | 0 days | 1,755 sqft |
2023-02-01 | 0 days | 1,643 sqft |
2023-03-01 | 0 days | 1,639 sqft |
2023-04-01 | 0 days | 1,653 sqft |
2023-05-01 | 0 days | 1,788 sqft |
2023-06-01 | 0 days | 1,944 sqft |
2023-07-01 | 0 days | 1,874 sqft |
2023-08-01 | 0 days | 1,708 sqft |
2023-09-01 | 0 days | 1,792 sqft |
2023-10-01 | 0 days | 1,829 sqft |
2023-11-01 | 0 days | 1,741 sqft |
2023-12-01 | 0 days | 1,776 sqft |
2024-01-01 | 0 days | 1,830 sqft |
2024-02-01 | 0 days | 1,704 sqft |
2024-03-01 | 0 days | 1,738 sqft |
2024-04-01 | 0 days | 1,645 sqft |
2024-05-01 | 0 days | 1,779 sqft |
2024-06-01 | 0 days | 1,791 sqft |
2024-07-01 | 0 days | 1,683 sqft |
2024-08-01 | 0 days | 1,698 sqft |
2024-09-01 | 0 days | 1,815 sqft |
2024-10-01 | 0 days | 1,800 sqft |
Mayfield's median square footage for active listings during the 2024-10-01 period was 1,800 sqft. One year prior, the average listing was 1,829 sqft.