Murray USDA Loan Rates, Closing Costs & Stats

Murray, 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.

Murray's 7 lenders originated 14 USDA loans during 2023. The total origination value was $2,300,000, with an average USDA loan value of $164,286.

Murray USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Murray averaged 6.58% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

Murray's average USDA mortgage closing costs are $4,267.

The average rate for the prior week (2024-03-15) was 6.51% and one month ago for the week of 2024-02-16, the average rate was 6.69%.

The average rate one year ago was 6.69%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.57%.

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

Murray 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 Murray level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
MID AMERICA MORTGAGE, INC. 4 7.06% $6,013
FirstTrust Home Loans, Inc. 3 6.88% $4,841
Magnolia Bank 2 6.69% $4,912
UNITED WHOLESALE MORTGAGE, LLC 2 6.49% $5,033
GERSHMAN INVESTMENT CORP. 1 6.38% $5,463
Mortgage Research Center, LLC 1 7.63% $3,420
CRESCENT MORTGAGE COMPANY 1 6.50% $4,273

The top Murray USDA lender as defined by loan originations is MID AMERICA MORTGAGE, INC., with 4 USDA loans originated. Their average total fees are $6,013, which is $1,172 higher than the next largest lender, FirstTrust Home Loans, Inc..

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

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


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Murray (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 $171,575 (4.3%) $240,022 (-3.6%) 0.00 193
2018-02-01 $178,250 (5.3%) $248,314 (-5.0%) 0.00 181
2018-03-01 $169,450 (-8.5%) $245,490 (-9.1%) 0.00 202
2018-04-01 $170,000 (-6.9%) $242,837 (-7.6%) 0.00 230
2018-05-01 $168,750 (-9.8%) $241,861 (-8.3%) 0.00 240
2018-06-01 $169,900 (-12.3%) $244,380 (-8.9%) 0.00 231
2018-07-01 $179,225 (-10.3%) $242,195 (-10.5%) 0.00 229
2018-08-01 $181,200 (-3.8%) $242,618 (-6.9%) 0.00 233
2018-09-01 $189,000 (1.0%) $249,019 (-4.4%) 0.00 228
2018-10-01 $190,950 (4.6%) $252,500 (-2.0%) 0.00 218
2018-11-01 $190,175 (7.8%) $250,809 (-0.4%) 0.00 210
2018-12-01 $189,900 (5.8%) $257,420 (5.6%) 0.00 192
2019-01-01 $189,900 (10.7%) $256,261 (6.8%) 0.00 186
2019-02-01 $182,475 (2.4%) $251,678 (1.4%) 0.00 184
2019-03-01 $182,643 (7.8%) $248,677 (1.3%) 0.00 200
2019-04-01 $184,900 (8.8%) $248,139 (2.2%) 0.00 221
2019-05-01 $185,500 (9.9%) $250,104 (3.4%) 0.00 232
2019-06-01 $188,000 (10.7%) $255,794 (4.7%) 0.00 232
2019-07-01 $189,450 (5.7%) $259,333 (7.1%) 0.00 232
2019-08-01 $193,864 (7.0%) $266,491 (9.8%) 0.00 216
2019-09-01 $195,909 (3.7%) $268,518 (7.8%) 0.00 201
2019-10-01 $196,023 (2.7%) $263,913 (4.5%) 0.00 186
2019-11-01 $189,000 (-0.6%) $246,705 (-1.6%) 0.00 189
2019-12-01 $188,200 (-0.9%) $243,779 (-5.3%) 0.00 181
2020-01-01 $182,400 (-4.0%) $242,515 (-5.4%) 0.00 167
2020-02-01 $189,450 (3.8%) $269,642 (7.1%) 0.00 125
2020-03-01 $238,975 (30.8%) $299,988 (20.6%) 0.00 127
2020-04-01 $244,200 (32.1%) $303,025 (22.1%) 0.00 116
2020-05-01 $269,900 (45.5%) $317,633 (27.0%) 0.00 101
2020-06-01 $264,825 (40.9%) $332,525 (30.0%) 0.00 88
2020-07-01 $250,425 (32.2%) $342,907 (32.2%) 0.00 84
2020-08-01 $289,000 (49.1%) $374,312 (40.5%) 0.00 84
2020-09-01 $299,000 (52.6%) $393,058 (46.4%) 0.00 78
2020-10-01 $303,500 (54.8%) $393,339 (49.0%) 0.00 73
2020-11-01 $297,000 (57.1%) $407,321 (65.1%) 0.00 77
2020-12-01 $249,250 (32.4%) $391,928 (60.8%) 0.00 76
2021-01-01 $282,250 (54.7%) $432,521 (78.4%) 0.00 58
2021-02-01 $295,000 (55.7%) $504,397 (87.1%) 0.00 46
2021-03-01 $289,825 (21.3%) $478,299 (59.4%) 0.00 43
2021-04-01 $319,000 (30.6%) $429,961 (41.9%) 0.00 40
2021-05-01 $364,950 (35.2%) $482,433 (51.9%) 0.00 40
2021-06-01 $252,250 (-4.8%) $412,618 (24.1%) 0.00 46
2021-07-01 $222,450 (-11.2%) $381,412 (11.2%) 0.00 54
2021-08-01 $225,975 (-21.8%) $411,281 (9.9%) 0.00 56
2021-09-01 $227,475 (-23.9%) $407,317 (3.6%) 0.00 53
2021-10-01 $249,450 (-17.8%) $411,717 (4.7%) 0.00 57
2021-11-01 $234,250 (-21.1%) $399,737 (-1.9%) 0.00 59
2021-12-01 $240,700 (-3.4%) $409,292 (4.4%) 0.00 63
2022-01-01 $291,900 (3.4%) $433,083 (0.1%) 0.00 51
2022-02-01 $321,950 (9.1%) $472,520 (-6.3%) 0.00 37
2022-03-01 $328,000 (13.2%) $448,002 (-6.3%) 0.00 35
2022-04-01 $282,000 (-11.6%) $433,121 (0.7%) 0.00 32
2022-05-01 $312,425 (-14.4%) $419,315 (-13.1%) 0.00 40
2022-06-01 $327,000 (29.6%) $405,800 (-1.7%) 0.00 44
2022-07-01 $320,000 (43.9%) $413,042 (8.3%) 0.00 48
2022-08-01 $323,700 (43.3%) $421,968 (2.6%) 0.00 50
2022-09-01 $351,500 (54.5%) $451,028 (10.7%) 0.00 47
2022-10-01 $343,750 (37.8%) $416,985 (1.3%) 0.00 53
2022-11-01 $347,000 (48.1%) $429,397 (7.4%) 0.00 57
2022-12-01 $299,000 (24.2%) $394,205 (-3.7%) 0.00 59
2023-01-01 $279,950 (-4.1%) $352,843 (-18.5%) 0.00 53
2023-02-01 $277,500 (-13.8%) $362,915 (-23.2%) 0.00 53
2023-03-01 $329,250 (0.4%) $376,964 (-15.9%) 0.00 50
2023-04-01 $345,000 (22.3%) $395,176 (-8.8%) 0.00 53
2023-05-01 $342,500 (9.6%) $419,506 (0.1%) 0.00 47
2023-06-01 $347,000 (6.1%) $428,750 (5.7%) 0.00 54
2023-07-01 $382,000 (19.4%) $449,241 (8.8%) 0.00 62
2023-08-01 $362,175 (11.9%) $432,434 (2.5%) 0.00 68
2023-09-01 $337,000 (-4.1%) $416,760 (-7.6%) 0.00 76
2023-10-01 $318,675 (-7.3%) $396,340 (-5.0%) 0.00 72
2023-11-01 $321,200 (-7.4%) $434,221 (1.1%) 0.00 70
2023-12-01 $320,000 (7.0%) $443,119 (12.4%) 0.00 65
2024-01-01 $313,675 (12.1%) $430,118 (21.9%) 0.00 62
2024-02-01 $320,625 (15.5%) $438,878 (20.9%) 0.00 56
Murray's median listing price for 2024-02-01 was $320,625, a difference of $43,125 (15.5%) versus the prior year and $6,950 versus the prior month.

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

Murray's average listing price for 2024-02-01 was $438,878, a difference of $75,963 (20.9%) versus the prior year and $8,760 versus the prior month.

For the 2024-02-01 period, Murray had 56 MLS listings, a difference of -6 listings (-10%) versus the prior month and 3 listings (6%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Murray (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,916 sqft
2018-02-01 0 days 1,947 sqft
2018-03-01 0 days 1,902 sqft
2018-04-01 0 days 1,895 sqft
2018-05-01 0 days 1,892 sqft
2018-06-01 0 days 1,870 sqft
2018-07-01 0 days 1,876 sqft
2018-08-01 0 days 1,917 sqft
2018-09-01 0 days 1,930 sqft
2018-10-01 0 days 2,003 sqft
2018-11-01 0 days 2,018 sqft
2018-12-01 0 days 2,024 sqft
2019-01-01 0 days 2,032 sqft
2019-02-01 0 days 1,996 sqft
2019-03-01 0 days 1,947 sqft
2019-04-01 0 days 1,882 sqft
2019-05-01 0 days 1,925 sqft
2019-06-01 0 days 1,955 sqft
2019-07-01 0 days 2,025 sqft
2019-08-01 0 days 2,056 sqft
2019-09-01 0 days 2,074 sqft
2019-10-01 0 days 2,070 sqft
2019-11-01 0 days 2,026 sqft
2019-12-01 0 days 1,948 sqft
2020-01-01 0 days 1,869 sqft
2020-02-01 0 days 1,854 sqft
2020-03-01 0 days 2,025 sqft
2020-04-01 0 days 2,139 sqft
2020-05-01 0 days 2,290 sqft
2020-06-01 0 days 2,185 sqft
2020-07-01 0 days 2,149 sqft
2020-08-01 0 days 2,269 sqft
2020-09-01 0 days 2,208 sqft
2020-10-01 0 days 2,251 sqft
2020-11-01 0 days 2,391 sqft
2020-12-01 0 days 2,153 sqft
2021-01-01 0 days 2,506 sqft
2021-02-01 0 days 2,561 sqft
2021-03-01 0 days 2,433 sqft
2021-04-01 0 days 2,597 sqft
2021-05-01 0 days 2,640 sqft
2021-06-01 0 days 1,945 sqft
2021-07-01 0 days 1,748 sqft
2021-08-01 0 days 1,829 sqft
2021-09-01 0 days 1,816 sqft
2021-10-01 0 days 1,960 sqft
2021-11-01 0 days 1,868 sqft
2021-12-01 0 days 1,883 sqft
2022-01-01 0 days 2,093 sqft
2022-02-01 0 days 2,065 sqft
2022-03-01 0 days 2,035 sqft
2022-04-01 0 days 2,022 sqft
2022-05-01 0 days 2,189 sqft
2022-06-01 0 days 2,059 sqft
2022-07-01 0 days 2,100 sqft
2022-08-01 0 days 2,280 sqft
2022-09-01 0 days 2,280 sqft
2022-10-01 0 days 2,291 sqft
2022-11-01 0 days 2,294 sqft
2022-12-01 0 days 2,243 sqft
2023-01-01 0 days 2,004 sqft
2023-02-01 0 days 1,980 sqft
2023-03-01 0 days 2,257 sqft
2023-04-01 0 days 2,320 sqft
2023-05-01 0 days 2,594 sqft
2023-06-01 0 days 2,581 sqft
2023-07-01 0 days 2,597 sqft
2023-08-01 0 days 2,406 sqft
2023-09-01 0 days 2,336 sqft
2023-10-01 0 days 2,233 sqft
2023-11-01 0 days 2,236 sqft
2023-12-01 0 days 2,364 sqft
2024-01-01 0 days 2,260 sqft
2024-02-01 0 days 2,294 sqft
Murray's median listing age (time on market) for 2024-02-01 was 0 days.

Murray's median square footage for active listings during the 2024-02-01 period was 2,294 sqft. One year prior, the average listing was 1,980 sqft.