Murray USDA Loan Rates, Closing Costs & Stats

Murray, KY

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    • 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 6.61% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.55% and one month ago for the week of 2024-11-08, the average rate was 6.67%.

    The average rate one year ago was 7.03%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.1%.

    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
    2024-03-01 $342,000 (3.9%) $451,837 (19.9%) 0.00 53
    2024-04-01 $325,000 (-5.8%) $458,690 (16.1%) 0.00 66
    2024-05-01 $319,975 (-6.6%) $455,019 (8.5%) 0.00 73
    2024-06-01 $329,000 (-5.2%) $465,059 (8.5%) 0.00 83
    2024-07-01 $349,725 (-8.5%) $452,143 (0.7%) 0.00 89
    2024-08-01 $350,000 (-3.4%) $446,134 (3.2%) 0.00 93
    2024-09-01 $295,700 (-12.3%) $409,919 (-1.6%) 0.00 88
    2024-10-01 $356,750 (12.0%) $435,558 (9.9%) 0.00 89
    2024-11-01 $362,000 (12.7%) $436,958 (0.6%) 0.00 84
    Murray's median listing price for 2024-11-01 was $362,000, a difference of $40,800 (12.7%) versus the prior year and $5,250 versus the prior month.

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

    Murray's average listing price for 2024-11-01 was $436,958, a difference of $2,737 (0.6%) versus the prior year and $1,400 versus the prior month.

    For the 2024-11-01 period, Murray had 84 MLS listings, a difference of -5 listings (-6%) versus the prior month and 14 listings (20%) 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
    2024-03-01 0 days 2,240 sqft
    2024-04-01 0 days 2,200 sqft
    2024-05-01 0 days 2,241 sqft
    2024-06-01 0 days 2,250 sqft
    2024-07-01 0 days 2,132 sqft
    2024-08-01 0 days 2,233 sqft
    2024-09-01 0 days 2,173 sqft
    2024-10-01 0 days 2,204 sqft
    2024-11-01 0 days 2,252 sqft
    Murray's median listing age (time on market) for 2024-11-01 was 0 days.

    Murray's median square footage for active listings during the 2024-11-01 period was 2,252 sqft. One year prior, the average listing was 2,236 sqft.