Middlesborough USDA Loan Rates, Closing Costs & Stats
Middlesborough, 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.
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
6.66%
for the week of 2024-04-12, compared to the national average (all USDA variants) of
6.705% for the same period.
Middlesborough's average USDA mortgage closing costs are $5,207.
The average rate for the prior week (2024-04-05) was
6.88% and
one month ago for the week of 2024-03-08, the
average rate was 6.84%.
The average rate one year ago was 6.45%.
For refis of the same type during the week of 2024-04-12, the average rate
was 6.91%.
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 |
Middlesborough's median listing price comes in at 0% of the national average.
Middlesborough's average listing price for 2024-03-01 was $196,402, a difference of $26,864 (15.9%) versus the prior year and $1,834 versus the prior month.
For the 2024-03-01 period, Middlesborough had 51 MLS listings, a difference of 5 listings (11%) versus the prior month and 7 listings (16%) 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 |
Middlesborough's median square footage for active listings during the 2024-03-01 period was 1,530 sqft. One year prior, the average listing was 1,403 sqft.