Middlesborough USDA Loan Rates, Closing Costs & Stats

Middlesborough, 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.

    Middlesborough's 11 lenders originated 15 USDA loans during 2023. The total origination value was $2,065,000, with an average USDA loan value of $137,667.

    Middlesborough USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Middlesborough averaged 6.46% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Middlesborough's average USDA mortgage closing costs are $5,207.

    The average rate for the prior week (2024-12-06) was 6.19% and one month ago for the week of 2024-11-08, the average rate was 6.51%.

    The average rate one year ago was 6.68%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.4%.

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

    Middlesborough 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 Middlesborough level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    CARDINAL FINANCIAL 4 7.00% $8,336
    Paramount Residential Mortgage Group, Inc. 2 6.94% $4,661
    GENEVA FINANCIAL, LLC 1 6.50% $6,562
    GoPrime Mortgage, Inc. 1 7.25% $2,754
    MORTGAGE INVESTORS GROUP, INC. 1 6.50% $5,248
    Northpointe Bank 1 6.50% $5,434
    POLARIS HOME FUNDING CORP. 1 6.25% $6,744
    TOP FLITE FINANCIAL, INC. 1 5.63% $9,944
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.63% $2,334
    U.S. Bank 1 7.25% $6,011
    Equity Prime Mortgage LLC 1 7.00% $8,401

    The top Middlesborough USDA lender as defined by loan originations is CARDINAL FINANCIAL, with 4 USDA loans originated. Their average total fees are $8,336, which is $3,675 higher than the next largest lender, Paramount Residential Mortgage Group, Inc..

    The lowest fee Middlesborough USDA lenders (with over 10 loans originated) are .

    The lowest rate Middlesborough USDA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Middlesborough (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 $95,100 (5.8%) $117,154 (5.0%) 0.00 79
    2018-02-01 $92,325 (2.7%) $116,313 (5.8%) 0.00 79
    2018-03-01 $95,000 (5.7%) $120,508 (10.2%) 0.00 92
    2018-04-01 $97,550 (8.5%) $120,761 (11.6%) 0.00 100
    2018-05-01 $97,900 (12.1%) $125,500 (19.3%) 0.00 98
    2018-06-01 $101,200 (6.1%) $123,943 (11.4%) 0.00 97
    2018-07-01 $93,425 (5.0%) $120,389 (8.2%) 0.00 99
    2018-08-01 $92,725 (10.4%) $118,198 (9.6%) 0.00 108
    2018-09-01 $99,900 (16.2%) $123,030 (12.2%) 0.00 104
    2018-10-01 $95,450 (7.3%) $121,322 (7.2%) 0.00 98
    2018-11-01 $89,000 (-2.4%) $115,872 (0.9%) 0.00 94
    2018-12-01 $89,700 (-0.3%) $123,057 (6.6%) 0.00 89
    2019-01-01 $89,600 (-5.8%) $122,988 (5.0%) 0.00 84
    2019-02-01 $89,000 (-3.6%) $119,162 (2.5%) 0.00 88
    2019-03-01 $93,500 (-1.6%) $120,193 (-0.3%) 0.00 90
    2019-04-01 $99,600 (2.1%) $125,460 (3.9%) 0.00 91
    2019-05-01 $107,675 (10.0%) $128,934 (2.7%) 0.00 93
    2019-06-01 $109,900 (8.6%) $128,544 (3.7%) 0.00 101
    2019-07-01 $120,300 (28.8%) $130,975 (8.8%) 0.00 104
    2019-08-01 $121,664 (31.2%) $130,100 (10.1%) 0.00 103
    2019-09-01 $121,909 (22.0%) $128,285 (4.3%) 0.00 102
    2019-10-01 $123,275 (29.2%) $128,952 (6.3%) 0.00 101
    2019-11-01 $122,700 (37.9%) $126,890 (9.5%) 0.00 92
    2019-12-01 $124,900 (39.2%) $126,485 (2.8%) 0.00 88
    2020-01-01 $124,800 (39.3%) $125,844 (2.3%) 0.00 81
    2020-02-01 $124,900 (40.3%) $128,208 (7.6%) 0.00 73
    2020-03-01 $126,000 (34.8%) $137,686 (14.6%) 0.00 71
    2020-04-01 $124,900 (25.4%) $138,431 (10.3%) 0.00 62
    2020-05-01 $125,000 (16.1%) $138,386 (7.3%) 0.00 58
    2020-06-01 $137,450 (25.1%) $146,426 (13.9%) 0.00 50
    2020-07-01 $135,750 (12.8%) $143,048 (9.2%) 0.00 36
    2020-08-01 $132,000 (8.5%) $130,660 (0.4%) 0.00 44
    2020-09-01 $126,475 (3.8%) $134,354 (4.7%) 0.00 45
    2020-10-01 $112,450 (-8.8%) $133,448 (3.5%) 0.00 44
    2020-11-01 $117,188 (-4.5%) $131,283 (3.5%) 0.00 45
    2020-12-01 $121,563 (-2.7%) $143,474 (13.4%) 0.00 38
    2021-01-01 $101,250 (-18.9%) $137,151 (9.0%) 0.00 37
    2021-02-01 $87,474 (-30.0%) $139,012 (8.4%) 0.00 39
    2021-03-01 $92,675 (-26.5%) $132,798 (-3.6%) 0.00 43
    2021-04-01 $96,900 (-22.4%) $132,457 (-4.3%) 0.00 37
    2021-05-01 $109,900 (-12.1%) $137,524 (-0.6%) 0.00 35
    2021-06-01 $120,000 (-12.7%) $139,630 (-4.6%) 0.00 38
    2021-07-01 $115,000 (-15.3%) $139,185 (-2.7%) 0.00 43
    2021-08-01 $97,950 (-25.8%) $128,528 (-1.6%) 0.00 41
    2021-09-01 $96,900 (-23.4%) $122,442 (-8.9%) 0.00 42
    2021-10-01 $99,450 (-11.6%) $132,985 (-0.4%) 0.00 37
    2021-11-01 $113,750 (-2.9%) $141,984 (8.2%) 0.00 41
    2021-12-01 $117,475 (-3.4%) $141,138 (-1.6%) 0.00 42
    2022-01-01 $119,950 (18.5%) $156,538 (14.1%) 0.00 34
    2022-02-01 $136,000 (55.5%) $164,867 (18.6%) 0.00 29
    2022-03-01 $131,925 (42.4%) $186,522 (40.5%) 0.00 29
    2022-04-01 $122,500 (26.4%) $177,771 (34.2%) 0.00 31
    2022-05-01 $119,500 (8.7%) $175,693 (27.8%) 0.00 41
    2022-06-01 $119,750 (-0.2%) $183,014 (31.1%) 0.00 44
    2022-07-01 $133,000 (15.7%) $182,078 (30.8%) 0.00 48
    2022-08-01 $139,675 (42.6%) $195,614 (52.2%) 0.00 45
    2022-09-01 $139,900 (44.4%) $201,868 (64.9%) 0.00 51
    2022-10-01 $135,000 (35.8%) $191,211 (43.8%) 0.00 43
    2022-11-01 $133,000 (16.9%) $194,182 (36.8%) 0.00 42
    2022-12-01 $124,750 (6.2%) $190,479 (35.0%) 0.00 33
    2023-01-01 $120,999 (0.9%) $179,200 (14.5%) 0.00 41
    2023-02-01 $130,650 (-3.9%) $182,964 (11.0%) 0.00 43
    2023-03-01 $127,250 (-3.5%) $169,538 (-9.1%) 0.00 44
    2023-04-01 $122,000 (-0.4%) $168,534 (-5.2%) 0.00 45
    2023-05-01 $147,450 (23.4%) $182,570 (3.9%) 0.00 43
    2023-06-01 $148,750 (24.2%) $178,061 (-2.7%) 0.00 45
    2023-07-01 $150,000 (12.8%) $183,855 (1.0%) 0.00 48
    2023-08-01 $159,500 (14.2%) $190,158 (-2.8%) 0.00 49
    2023-09-01 $139,900 (0.0%) $172,531 (-14.5%) 0.00 48
    2023-10-01 $149,500 (10.7%) $179,646 (-6.1%) 0.00 50
    2023-11-01 $158,450 (19.1%) $189,522 (-2.4%) 0.00 47
    2023-12-01 $166,950 (33.8%) $185,631 (-2.6%) 0.00 41
    2024-01-01 $169,450 (40.0%) $200,556 (11.9%) 0.00 41
    2024-02-01 $164,450 (25.9%) $194,568 (6.3%) 0.00 46
    2024-03-01 $175,000 (37.5%) $196,402 (15.9%) 0.00 51
    2024-04-01 $184,475 (51.2%) $201,992 (19.9%) 0.00 47
    2024-05-01 $207,450 (40.7%) $216,571 (18.6%) 0.00 47
    2024-06-01 $194,400 (30.7%) $207,559 (16.6%) 0.00 48
    2024-07-01 $179,500 (19.7%) $206,656 (12.4%) 0.00 51
    2024-08-01 $181,950 (14.1%) $205,251 (7.9%) 0.00 53
    2024-09-01 $188,675 (34.9%) $211,837 (22.8%) 0.00 63
    2024-10-01 $186,225 (24.6%) $208,744 (16.2%) 0.00 68
    2024-11-01 $190,000 (19.9%) $210,922 (11.3%) 0.00 75
    Middlesborough's median listing price for 2024-11-01 was $190,000, a difference of $31,550 (19.9%) versus the prior year and $3,775 versus the prior month.

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

    Middlesborough's average listing price for 2024-11-01 was $210,922, a difference of $21,400 (11.3%) versus the prior year and $2,178 versus the prior month.

    For the 2024-11-01 period, Middlesborough had 75 MLS listings, a difference of 7 listings (10%) versus the prior month and 28 listings (60%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Middlesborough (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,568 sqft
    2018-02-01 0 days 1,436 sqft
    2018-03-01 0 days 1,456 sqft
    2018-04-01 0 days 1,457 sqft
    2018-05-01 0 days 1,456 sqft
    2018-06-01 0 days 1,510 sqft
    2018-07-01 0 days 1,502 sqft
    2018-08-01 0 days 1,463 sqft
    2018-09-01 0 days 1,538 sqft
    2018-10-01 0 days 1,504 sqft
    2018-11-01 0 days 1,503 sqft
    2018-12-01 0 days 1,525 sqft
    2019-01-01 0 days 1,540 sqft
    2019-02-01 0 days 1,505 sqft
    2019-03-01 0 days 1,519 sqft
    2019-04-01 0 days 1,549 sqft
    2019-05-01 0 days 1,609 sqft
    2019-06-01 0 days 1,582 sqft
    2019-07-01 0 days 1,633 sqft
    2019-08-01 0 days 1,619 sqft
    2019-09-01 0 days 1,581 sqft
    2019-10-01 0 days 1,580 sqft
    2019-11-01 0 days 1,596 sqft
    2019-12-01 0 days 1,615 sqft
    2020-01-01 0 days 1,613 sqft
    2020-02-01 0 days 1,621 sqft
    2020-03-01 0 days 1,672 sqft
    2020-04-01 0 days 1,572 sqft
    2020-05-01 0 days 1,621 sqft
    2020-06-01 0 days 1,617 sqft
    2020-07-01 0 days 1,623 sqft
    2020-08-01 0 days 1,690 sqft
    2020-09-01 0 days 1,796 sqft
    2020-10-01 0 days 1,800 sqft
    2020-11-01 0 days 1,800 sqft
    2020-12-01 0 days 1,800 sqft
    2021-01-01 0 days 1,800 sqft
    2021-02-01 0 days 1,615 sqft
    2021-03-01 0 days 1,500 sqft
    2021-04-01 0 days 1,372 sqft
    2021-05-01 0 days 1,740 sqft
    2021-06-01 0 days 1,690 sqft
    2021-07-01 0 days 1,658 sqft
    2021-08-01 0 days 1,617 sqft
    2021-09-01 0 days 1,326 sqft
    2021-10-01 0 days 1,360 sqft
    2021-11-01 0 days 1,276 sqft
    2021-12-01 0 days 1,312 sqft
    2022-01-01 0 days 1,312 sqft
    2022-02-01 0 days 1,410 sqft
    2022-03-01 0 days 1,416 sqft
    2022-04-01 0 days 1,432 sqft
    2022-05-01 0 days 1,431 sqft
    2022-06-01 0 days 1,395 sqft
    2022-07-01 0 days 1,385 sqft
    2022-08-01 0 days 1,396 sqft
    2022-09-01 0 days 1,400 sqft
    2022-10-01 0 days 1,432 sqft
    2022-11-01 0 days 1,689 sqft
    2022-12-01 0 days 1,595 sqft
    2023-01-01 0 days 1,410 sqft
    2023-02-01 0 days 1,390 sqft
    2023-03-01 0 days 1,403 sqft
    2023-04-01 0 days 1,389 sqft
    2023-05-01 0 days 1,463 sqft
    2023-06-01 0 days 1,445 sqft
    2023-07-01 0 days 1,469 sqft
    2023-08-01 0 days 1,469 sqft
    2023-09-01 0 days 1,404 sqft
    2023-10-01 0 days 1,404 sqft
    2023-11-01 0 days 1,435 sqft
    2023-12-01 0 days 1,410 sqft
    2024-01-01 0 days 1,466 sqft
    2024-02-01 0 days 1,494 sqft
    2024-03-01 0 days 1,530 sqft
    2024-04-01 0 days 1,560 sqft
    2024-05-01 0 days 1,684 sqft
    2024-06-01 0 days 1,488 sqft
    2024-07-01 0 days 1,585 sqft
    2024-08-01 0 days 1,596 sqft
    2024-09-01 0 days 1,689 sqft
    2024-10-01 0 days 1,726 sqft
    2024-11-01 0 days 1,684 sqft
    Middlesborough's median listing age (time on market) for 2024-11-01 was 0 days.

    Middlesborough's median square footage for active listings during the 2024-11-01 period was 1,684 sqft. One year prior, the average listing was 1,435 sqft.