Mayfield USDA Loan Rates, Closing Costs & Stats

Mayfield, 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.

    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 6.5% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Mayfield's average USDA mortgage closing costs are $3,937.

    The average rate for the prior week (2024-12-06) was 6.13% and one month ago for the week of 2024-11-08, the average rate was 6.65%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.2%.

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

    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. Louis
    Date 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
    2024-11-01 $265,750 (23.2%) $297,823 (17.1%) 0.00 61
    Mayfield's median listing price for 2024-11-01 was $265,750, a difference of $50,025 (23.2%) versus the prior year and $25,250 versus the prior month.

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

    Mayfield's average listing price for 2024-11-01 was $297,823, a difference of $43,449 (17.1%) versus the prior year and $20,386 versus the prior month.

    For the 2024-11-01 period, Mayfield had 61 MLS listings, a difference of -10 listings (-14%) versus the prior month and 4 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mayfield (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,773 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
    2024-11-01 0 days 1,867 sqft
    Mayfield's median listing age (time on market) for 2024-11-01 was 0 days.

    Mayfield's median square footage for active listings during the 2024-11-01 period was 1,867 sqft. One year prior, the average listing was 1,741 sqft.