Mount Sterling USDA Loan Rates, Closing Costs & Stats

Mount Sterling, KY

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 6.12% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.46% and one month ago for the week of 2024-11-08, the average rate was 6.57%.

    The average rate one year ago was 6.94%.

    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.

    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
    2024-11-01 $250,000 (6.4%) $300,707 (5.8%) 0.00 172
    Mount Sterling's median listing price for 2024-11-01 was $250,000, a difference of $15,000 (6.4%) versus the prior year and $3,750 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 2024-11-01 was $300,707, a difference of $16,493 (5.8%) versus the prior year and $6,180 versus the prior month.

    For the 2024-11-01 period, Mount Sterling had 172 MLS listings, a difference of 12 listings (8%) versus the prior month and 51 listings (42%) 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
    2024-11-01 0 days 1,482 sqft
    Mount Sterling's median listing age (time on market) for 2024-11-01 was 0 days.

    Mount Sterling's median square footage for active listings during the 2024-11-01 period was 1,482 sqft. One year prior, the average listing was 1,521 sqft.