Mount Sterling USDA Loan Rates, Closing Costs & Stats

Mount Sterling, 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.

Mount Sterling's 14 lenders originated 28 USDA loans during 2023. The total origination value was $4,710,000, with an average USDA loan value of $168,214.

Mount Sterling USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Mount Sterling averaged -0.18% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

Mount Sterling's average USDA mortgage closing costs are $5,471.

The average rate for the prior week (2024-11-22) was 6.42% and one month ago for the week of 2024-10-25, the average rate was 6.52%.

The average rate one year ago was 7.02%.

For refis of the same type during the week of 2024-11-29, the average rate was 0.2%.

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

Mount Sterling 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 Mount Sterling level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNION HOME MORTGAGE CORP. 6 6.79% $6,822
Century Mortgage Company DBA Century Lending Company 5 7.03% $5,679
GENEVA FINANCIAL, LLC 2 6.38% $5,789
GoPrime Mortgage, Inc. 2 7.63% $4,918
HOMESIDE FINANCIAL, LLC 2 6.69% $7,895
Stock Yards Bank & Trust Company 2 6.69% $4,135
STOCKTON MORTGAGE CORPORATION 1 6.00% $11,629
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.13% $5,311
UNITED WHOLESALE MORTGAGE, LLC 1 7.13% $5,074
Bank of England 1 6.00% $8,360
EVERETT FINANCIAL, INC. 1 6.63% $3,568
KELLER MORTGAGE, LLC 1 5.25% $5,131
NEWREZ LLC 1 6.63% $7,764
Republic State Mortgage Co. 1 6.25% $5,914

The top Mount Sterling USDA lender as defined by loan originations is UNION HOME MORTGAGE CORP., with 6 USDA loans originated. Their average total fees are $6,822, which is $1,143 higher than the next largest lender, Century Mortgage Company DBA Century Lending Company.

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Mount Sterling (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 $125,700 (-6.9%) $153,493 (-5.3%) 0.00 148
2018-02-01 $124,425 (-5.0%) $149,318 (-7.0%) 0.00 144
2018-03-01 $124,900 (-7.7%) $147,516 (-8.4%) 0.00 150
2018-04-01 $132,250 (-4.7%) $154,668 (-7.4%) 0.00 146
2018-05-01 $142,449 (3.3%) $158,037 (-5.8%) 0.00 141
2018-06-01 $149,000 (14.8%) $160,215 (-0.5%) 0.00 151
2018-07-01 $148,500 (18.9%) $166,408 (9.6%) 0.00 161
2018-08-01 $149,800 (23.9%) $171,573 (15.5%) 0.00 149
2018-09-01 $149,900 (24.9%) $172,147 (14.2%) 0.00 155
2018-10-01 $149,900 (20.0%) $168,094 (9.1%) 0.00 158
2018-11-01 $148,500 (12.9%) $171,059 (8.0%) 0.00 145
2018-12-01 $149,900 (18.0%) $172,199 (10.8%) 0.00 149
2019-01-01 $145,000 (15.4%) $168,584 (9.8%) 0.00 134
2019-02-01 $157,950 (26.9%) $176,586 (18.3%) 0.00 130
2019-03-01 $159,214 (27.5%) $184,772 (25.3%) 0.00 130
2019-04-01 $152,964 (15.7%) $185,386 (19.9%) 0.00 133
2019-05-01 $145,000 (1.8%) $185,438 (17.3%) 0.00 144
2019-06-01 $144,000 (-3.4%) $181,729 (13.4%) 0.00 147
2019-07-01 $144,500 (-2.7%) $179,006 (7.6%) 0.00 146
2019-08-01 $148,564 (-0.8%) $184,186 (7.4%) 0.00 140
2019-09-01 $146,559 (-2.2%) $179,382 (4.2%) 0.00 138
2019-10-01 $147,673 (-1.5%) $177,007 (5.3%) 0.00 137
2019-11-01 $152,500 (2.7%) $176,821 (3.4%) 0.00 124
2019-12-01 $146,750 (-2.1%) $171,738 (-0.3%) 0.00 112
2020-01-01 $149,700 (3.2%) $177,367 (5.2%) 0.00 107
2020-02-01 $152,450 (-3.5%) $181,015 (2.5%) 0.00 105
2020-03-01 $143,250 (-10.0%) $178,945 (-3.2%) 0.00 108
2020-04-01 $146,175 (-4.4%) $184,298 (-0.6%) 0.00 98
2020-05-01 $140,450 (-3.1%) $188,682 (1.8%) 0.00 79
2020-06-01 $151,850 (5.5%) $202,494 (11.4%) 0.00 74
2020-07-01 $143,450 (-0.7%) $196,947 (10.0%) 0.00 74
2020-08-01 $149,900 (0.9%) $211,987 (15.1%) 0.00 67
2020-09-01 $167,000 (14.0%) $223,630 (24.7%) 0.00 76
2020-10-01 $176,000 (19.2%) $236,026 (33.3%) 0.00 72
2020-11-01 $181,250 (18.9%) $238,689 (35.0%) 0.00 61
2020-12-01 $197,750 (34.8%) $244,205 (42.2%) 0.00 47
2021-01-01 $204,950 (36.9%) $263,090 (48.3%) 0.00 46
2021-02-01 $189,950 (24.6%) $273,257 (51.0%) 0.00 44
2021-03-01 $198,225 (38.4%) $273,991 (53.1%) 0.00 40
2021-04-01 $190,000 (30.0%) $265,706 (44.2%) 0.00 37
2021-05-01 $177,000 (26.0%) $278,833 (47.8%) 0.00 34
2021-06-01 $182,425 (20.1%) $279,407 (38.0%) 0.00 38
2021-07-01 $202,450 (41.1%) $286,019 (45.2%) 0.00 47
2021-08-01 $227,225 (51.6%) $278,313 (31.3%) 0.00 55
2021-09-01 $207,250 (24.1%) $255,661 (14.3%) 0.00 68
2021-10-01 $196,500 (11.7%) $246,172 (4.3%) 0.00 69
2021-11-01 $223,500 (23.3%) $262,329 (9.9%) 0.00 70
2021-12-01 $224,725 (13.6%) $260,020 (6.5%) 0.00 63
2022-01-01 $207,250 (1.1%) $246,776 (-6.2%) 0.00 53
2022-02-01 $215,475 (13.4%) $244,137 (-10.7%) 0.00 38
2022-03-01 $232,500 (17.3%) $252,248 (-7.9%) 0.00 39
2022-04-01 $222,500 (17.1%) $247,896 (-6.7%) 0.00 51
2022-05-01 $227,450 (28.5%) $243,157 (-12.8%) 0.00 64
2022-06-01 $224,975 (23.3%) $263,545 (-5.7%) 0.00 76
2022-07-01 $219,000 (8.2%) $261,455 (-8.6%) 0.00 91
2022-08-01 $225,000 (-1.0%) $293,352 (5.4%) 0.00 93
2022-09-01 $226,225 (9.2%) $292,795 (14.5%) 0.00 93
2022-10-01 $230,000 (17.1%) $293,620 (19.3%) 0.00 89
2022-11-01 $213,350 (-4.5%) $299,073 (14.0%) 0.00 86
2022-12-01 $220,000 (-2.1%) $299,107 (15.0%) 0.00 81
2023-01-01 $224,750 (8.4%) $307,006 (24.4%) 0.00 82
2023-02-01 $236,000 (9.5%) $319,307 (30.8%) 0.00 73
2023-03-01 $249,500 (7.3%) $366,582 (45.3%) 0.00 58
2023-04-01 $249,700 (12.2%) $352,320 (42.1%) 0.00 62
2023-05-01 $249,500 (9.7%) $332,625 (36.8%) 0.00 68
2023-06-01 $240,225 (6.8%) $320,394 (21.6%) 0.00 69
2023-07-01 $214,900 (-1.9%) $311,530 (19.2%) 0.00 75
2023-08-01 $204,950 (-8.9%) $293,654 (0.1%) 0.00 92
2023-09-01 $217,450 (-3.9%) $277,098 (-5.4%) 0.00 93
2023-10-01 $240,225 (4.5%) $283,765 (-3.4%) 0.00 111
2023-11-01 $235,000 (10.2%) $284,214 (-5.0%) 0.00 121
2023-12-01 $237,000 (7.7%) $283,968 (-5.1%) 0.00 119
2024-01-01 $243,700 (8.4%) $289,423 (-5.7%) 0.00 103
2024-02-01 $245,000 (3.8%) $295,226 (-7.5%) 0.00 110
2024-03-01 $235,000 (-5.8%) $290,997 (-20.6%) 0.00 102
2024-04-01 $243,675 (-2.4%) $296,606 (-15.8%) 0.00 99
2024-05-01 $265,225 (6.3%) $329,716 (-0.9%) 0.00 107
2024-06-01 $250,000 (4.1%) $317,828 (-0.8%) 0.00 109
2024-07-01 $242,500 (12.8%) $306,910 (-1.5%) 0.00 133
2024-08-01 $242,500 (18.3%) $315,608 (7.5%) 0.00 130
2024-09-01 $239,900 (10.3%) $298,359 (7.7%) 0.00 145
2024-10-01 $246,250 (2.5%) $294,527 (3.8%) 0.00 160
Mount Sterling's median listing price for 2024-10-01 was $246,250, a difference of $6,025 (2.5%) versus the prior year and $6,350 versus the prior month.

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

Mount Sterling's average listing price for 2024-10-01 was $294,527, a difference of $10,762 (3.8%) versus the prior year and $-3,832 versus the prior month.

For the 2024-10-01 period, Mount Sterling had 160 MLS listings, a difference of 15 listings (10%) versus the prior month and 49 listings (44%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Mount Sterling (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,463 sqft
2018-02-01 0 days 1,501 sqft
2018-03-01 0 days 1,560 sqft
2018-04-01 0 days 1,596 sqft
2018-05-01 0 days 1,600 sqft
2018-06-01 0 days 1,600 sqft
2018-07-01 0 days 1,627 sqft
2018-08-01 0 days 1,720 sqft
2018-09-01 0 days 1,674 sqft
2018-10-01 0 days 1,614 sqft
2018-11-01 0 days 1,592 sqft
2018-12-01 0 days 1,586 sqft
2019-01-01 0 days 1,620 sqft
2019-02-01 0 days 1,680 sqft
2019-03-01 0 days 1,680 sqft
2019-04-01 0 days 1,680 sqft
2019-05-01 0 days 1,680 sqft
2019-06-01 0 days 1,650 sqft
2019-07-01 0 days 1,607 sqft
2019-08-01 0 days 1,636 sqft
2019-09-01 0 days 1,616 sqft
2019-10-01 0 days 1,602 sqft
2019-11-01 0 days 1,600 sqft
2019-12-01 0 days 1,646 sqft
2020-01-01 0 days 1,605 sqft
2020-02-01 0 days 1,670 sqft
2020-03-01 0 days 1,626 sqft
2020-04-01 0 days 1,584 sqft
2020-05-01 0 days 1,680 sqft
2020-06-01 0 days 1,678 sqft
2020-07-01 0 days 1,628 sqft
2020-08-01 0 days 1,633 sqft
2020-09-01 0 days 1,664 sqft
2020-10-01 0 days 1,738 sqft
2020-11-01 0 days 1,744 sqft
2020-12-01 0 days 1,779 sqft
2021-01-01 0 days 1,900 sqft
2021-02-01 0 days 1,692 sqft
2021-03-01 0 days 1,733 sqft
2021-04-01 0 days 1,633 sqft
2021-05-01 0 days 1,600 sqft
2021-06-01 0 days 1,684 sqft
2021-07-01 0 days 1,756 sqft
2021-08-01 0 days 1,825 sqft
2021-09-01 0 days 1,777 sqft
2021-10-01 0 days 1,594 sqft
2021-11-01 0 days 1,841 sqft
2021-12-01 0 days 1,792 sqft
2022-01-01 0 days 1,655 sqft
2022-02-01 0 days 1,658 sqft
2022-03-01 0 days 1,827 sqft
2022-04-01 0 days 1,687 sqft
2022-05-01 0 days 1,769 sqft
2022-06-01 0 days 1,624 sqft
2022-07-01 0 days 1,560 sqft
2022-08-01 0 days 1,620 sqft
2022-09-01 0 days 1,713 sqft
2022-10-01 0 days 1,701 sqft
2022-11-01 0 days 1,677 sqft
2022-12-01 0 days 1,680 sqft
2023-01-01 0 days 1,770 sqft
2023-02-01 0 days 1,710 sqft
2023-03-01 0 days 1,690 sqft
2023-04-01 0 days 1,822 sqft
2023-05-01 0 days 1,780 sqft
2023-06-01 0 days 1,709 sqft
2023-07-01 0 days 1,560 sqft
2023-08-01 0 days 1,493 sqft
2023-09-01 0 days 1,500 sqft
2023-10-01 0 days 1,533 sqft
2023-11-01 0 days 1,521 sqft
2023-12-01 0 days 1,533 sqft
2024-01-01 0 days 1,536 sqft
2024-02-01 0 days 1,495 sqft
2024-03-01 0 days 1,474 sqft
2024-04-01 0 days 1,526 sqft
2024-05-01 0 days 1,538 sqft
2024-06-01 0 days 1,531 sqft
2024-07-01 0 days 1,500 sqft
2024-08-01 0 days 1,500 sqft
2024-09-01 0 days 1,459 sqft
2024-10-01 0 days 1,478 sqft
Mount Sterling's median listing age (time on market) for 2024-10-01 was 0 days.

Mount Sterling's median square footage for active listings during the 2024-10-01 period was 1,478 sqft. One year prior, the average listing was 1,533 sqft.