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
6.78%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Mount Sterling's average USDA mortgage closing costs are $5,471.
The average rate for the prior week (2024-04-12) was
6.93% and
one month ago for the week of 2024-03-15, the
average rate was 6.62%.
The average rate one year ago was 6.56%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.76%.
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 |
Mount Sterling's median listing price comes in at 0% of the national average.
Mount Sterling's average listing price for 2024-03-01 was $290,997, a difference of $-75,585 (-20.6%) versus the prior year and $-4,229 versus the prior month.
For the 2024-03-01 period, Mount Sterling had 102 MLS listings, a difference of -8 listings (-7%) versus the prior month and 44 listings (76%) 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 |
Mount Sterling's median square footage for active listings during the 2024-03-01 period was 1,474 sqft. One year prior, the average listing was 1,690 sqft.