Owensboro USDA Loan Rates, Closing Costs & Stats

OWENSBORO, 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.

    Owensboro's 8 lenders originated 13 USDA loans during 2023. The total origination value was $2,105,000, with an average USDA loan value of $161,923.

    Owensboro USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Owensboro averaged 0.11% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Owensboro's average USDA mortgage closing costs are $4,458.

    The average rate for the prior week (2024-11-08) was 6.56% and one month ago for the week of 2024-10-11, the average rate was 6.02%.

    The average rate one year ago was 7.45%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.52%.

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

    Owensboro 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 Owensboro level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    EVANSVILLE TEACHERS 5 6.28% $5,960
    Magnolia Bank 2 7.25% $5,246
    German American Bank 1 6.63% $4,610
    HOMESIDE FINANCIAL, LLC 1 7.13% $5,780
    EVERETT FINANCIAL, INC. 1 6.75% $4,031
    Paramount Residential Mortgage Group, Inc. 1 7.13% $6,892
    Prosperity Home Mortgage, LLC 1 5.49% $5,809
    TOP FLITE FINANCIAL, INC. 1 7.00% $5,866

    The top Owensboro USDA lender as defined by loan originations is EVANSVILLE TEACHERS, with 5 USDA loans originated. Their average total fees are $5,960, which is $713 higher than the next largest lender, Magnolia Bank.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Owensboro (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 $176,647 (10.8%) $249,354 (24.7%) 0.00 288
    2018-02-01 $176,981 (7.3%) $252,789 (27.8%) 0.00 281
    2018-03-01 $174,900 (2.9%) $244,957 (22.0%) 0.00 273
    2018-04-01 $178,450 (0.9%) $248,989 (17.6%) 0.00 280
    2018-05-01 $178,611 (-2.1%) $252,062 (8.3%) 0.00 281
    2018-06-01 $184,900 (6.9%) $323,747 (40.0%) 0.00 301
    2018-07-01 $184,900 (7.2%) $315,937 (30.3%) 0.00 326
    2018-08-01 $183,400 (0.7%) $308,756 (25.2%) 0.00 346
    2018-09-01 $179,950 (5.9%) $305,363 (27.6%) 0.00 347
    2018-10-01 $182,400 (9.0%) $301,713 (25.2%) 0.00 358
    2018-11-01 $179,900 (9.1%) $298,575 (25.9%) 0.00 357
    2018-12-01 $179,900 (9.1%) $306,610 (29.2%) 0.00 318
    2019-01-01 $179,560 (1.7%) $311,862 (25.1%) 0.00 302
    2019-02-01 $179,911 (1.7%) $310,220 (22.7%) 0.00 290
    2019-03-01 $194,543 (11.2%) $321,970 (31.4%) 0.00 272
    2019-04-01 $208,700 (17.0%) $336,297 (35.1%) 0.00 262
    2019-05-01 $209,725 (17.4%) $327,032 (29.7%) 0.00 262
    2019-06-01 $199,900 (8.1%) $321,147 (-0.8%) 0.00 288
    2019-07-01 $185,450 (0.3%) $311,611 (-1.4%) 0.00 318
    2019-08-01 $186,191 (1.5%) $289,506 (-6.2%) 0.00 323
    2019-09-01 $188,052 (4.5%) $260,826 (-14.6%) 0.00 319
    2019-10-01 $187,043 (2.6%) $237,863 (-21.2%) 0.00 319
    2019-11-01 $179,900 (0.0%) $234,987 (-21.3%) 0.00 312
    2019-12-01 $184,900 (2.8%) $237,181 (-22.6%) 0.00 285
    2020-01-01 $179,900 (0.2%) $235,181 (-24.6%) 0.00 261
    2020-02-01 $186,125 (3.5%) $311,998 (0.6%) 0.00 240
    2020-03-01 $177,300 (-8.9%) $307,151 (-4.6%) 0.00 231
    2020-04-01 $176,450 (-15.5%) $320,182 (-4.8%) 0.00 215
    2020-05-01 $189,453 (-9.7%) $360,468 (10.2%) 0.00 154
    2020-06-01 $204,524 (2.3%) $381,550 (18.8%) 0.00 139
    2020-07-01 $198,975 (7.3%) $375,026 (20.4%) 0.00 144
    2020-08-01 $189,500 (1.8%) $357,732 (23.6%) 0.00 161
    2020-09-01 $186,953 (-0.6%) $346,784 (33.0%) 0.00 171
    2020-10-01 $189,900 (1.5%) $349,454 (46.9%) 0.00 168
    2020-11-01 $191,900 (6.7%) $355,545 (51.3%) 0.00 161
    2020-12-01 $190,550 (3.1%) $357,838 (50.9%) 0.00 148
    2021-01-01 $193,700 (7.7%) $245,967 (4.6%) 0.00 144
    2021-02-01 $194,200 (4.3%) $261,590 (-16.2%) 0.00 116
    2021-03-01 $189,800 (7.1%) $252,412 (-17.8%) 0.00 109
    2021-04-01 $177,200 (0.4%) $246,955 (-22.9%) 0.00 119
    2021-05-01 $199,900 (5.5%) $300,932 (-16.5%) 0.00 104
    2021-06-01 $205,400 (0.4%) $285,759 (-25.1%) 0.00 112
    2021-07-01 $189,900 (-4.6%) $269,648 (-28.1%) 0.00 130
    2021-08-01 $199,925 (5.5%) $262,782 (-26.5%) 0.00 140
    2021-09-01 $202,650 (8.4%) $266,914 (-23.0%) 0.00 152
    2021-10-01 $199,000 (4.8%) $271,695 (-22.3%) 0.00 136
    2021-11-01 $173,150 (-9.8%) $278,097 (-21.8%) 0.00 128
    2021-12-01 $196,700 (3.2%) $273,001 (-23.7%) 0.00 130
    2022-01-01 $189,500 (-2.2%) $266,264 (8.3%) 0.00 112
    2022-02-01 $178,200 (-8.2%) $257,300 (-1.6%) 0.00 102
    2022-03-01 $199,900 (5.3%) $263,249 (4.3%) 0.00 102
    2022-04-01 $209,500 (18.2%) $277,311 (12.3%) 0.00 97
    2022-05-01 $242,400 (21.3%) $294,812 (-2.0%) 0.00 128
    2022-06-01 $246,175 (19.9%) $292,614 (2.4%) 0.00 154
    2022-07-01 $259,900 (36.9%) $305,176 (13.2%) 0.00 177
    2022-08-01 $257,049 (28.6%) $309,211 (17.7%) 0.00 180
    2022-09-01 $242,500 (19.7%) $298,823 (12.0%) 0.00 196
    2022-10-01 $234,900 (18.0%) $298,299 (9.8%) 0.00 201
    2022-11-01 $234,900 (35.7%) $298,987 (7.5%) 0.00 237
    2022-12-01 $237,700 (20.8%) $349,135 (27.9%) 0.00 242
    2023-01-01 $254,550 (34.3%) $353,703 (32.8%) 0.00 231
    2023-02-01 $254,725 (42.9%) $358,280 (39.3%) 0.00 213
    2023-03-01 $260,350 (30.2%) $380,004 (44.4%) 0.00 180
    2023-04-01 $274,000 (30.8%) $405,666 (46.3%) 0.00 161
    2023-05-01 $272,875 (12.6%) $404,964 (37.4%) 0.00 161
    2023-06-01 $274,950 (11.7%) $330,794 (13.1%) 0.00 177
    2023-07-01 $269,000 (3.5%) $320,568 (5.0%) 0.00 183
    2023-08-01 $263,825 (2.6%) $311,867 (0.9%) 0.00 196
    2023-09-01 $260,000 (7.2%) $307,473 (2.9%) 0.00 211
    2023-10-01 $262,400 (11.7%) $303,982 (1.9%) 0.00 231
    2023-11-01 $266,150 (13.3%) $296,060 (-1.0%) 0.00 237
    2023-12-01 $250,000 (5.2%) $291,919 (-16.4%) 0.00 234
    2024-01-01 $269,800 (6.0%) $360,495 (1.9%) 0.00 199
    2024-02-01 $277,350 (8.9%) $382,661 (6.8%) 0.00 195
    2024-03-01 $279,900 (7.5%) $384,605 (1.2%) 0.00 185
    2024-04-01 $269,450 (-1.7%) $362,369 (-10.7%) 0.00 187
    2024-05-01 $269,900 (-1.1%) $371,340 (-8.3%) 0.00 203
    2024-06-01 $269,900 (-1.8%) $375,558 (13.5%) 0.00 215
    2024-07-01 $272,450 (1.3%) $345,280 (7.7%) 0.00 209
    2024-08-01 $272,400 (3.3%) $382,959 (22.8%) 0.00 228
    2024-09-01 $272,400 (4.8%) $390,621 (27.0%) 0.00 231
    2024-10-01 $272,125 (3.7%) $382,394 (25.8%) 0.00 240
    Owensboro's median listing price for 2024-10-01 was $272,125, a difference of $9,725 (3.7%) versus the prior year and $-275 versus the prior month.

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

    Owensboro's average listing price for 2024-10-01 was $382,394, a difference of $78,412 (25.8%) versus the prior year and $-8,227 versus the prior month.

    For the 2024-10-01 period, Owensboro had 240 MLS listings, a difference of 9 listings (4%) versus the prior month and 9 listings (4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Owensboro (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,909 sqft
    2018-02-01 0 days 1,894 sqft
    2018-03-01 0 days 1,875 sqft
    2018-04-01 0 days 1,933 sqft
    2018-05-01 0 days 1,961 sqft
    2018-06-01 0 days 1,964 sqft
    2018-07-01 0 days 1,950 sqft
    2018-08-01 0 days 1,962 sqft
    2018-09-01 0 days 1,966 sqft
    2018-10-01 0 days 1,940 sqft
    2018-11-01 0 days 1,940 sqft
    2018-12-01 0 days 1,946 sqft
    2019-01-01 0 days 1,860 sqft
    2019-02-01 0 days 1,898 sqft
    2019-03-01 0 days 2,017 sqft
    2019-04-01 0 days 2,142 sqft
    2019-05-01 0 days 2,032 sqft
    2019-06-01 0 days 2,080 sqft
    2019-07-01 0 days 1,982 sqft
    2019-08-01 0 days 1,925 sqft
    2019-09-01 0 days 1,843 sqft
    2019-10-01 0 days 1,769 sqft
    2019-11-01 0 days 1,704 sqft
    2019-12-01 0 days 1,694 sqft
    2020-01-01 0 days 1,697 sqft
    2020-02-01 0 days 1,835 sqft
    2020-03-01 0 days 1,696 sqft
    2020-04-01 0 days 1,690 sqft
    2020-05-01 0 days 1,814 sqft
    2020-06-01 0 days 1,824 sqft
    2020-07-01 0 days 1,916 sqft
    2020-08-01 0 days 1,764 sqft
    2020-09-01 0 days 1,740 sqft
    2020-10-01 0 days 1,772 sqft
    2020-11-01 0 days 1,776 sqft
    2020-12-01 0 days 1,770 sqft
    2021-01-01 0 days 1,747 sqft
    2021-02-01 0 days 1,777 sqft
    2021-03-01 0 days 1,715 sqft
    2021-04-01 0 days 1,659 sqft
    2021-05-01 0 days 1,698 sqft
    2021-06-01 0 days 1,679 sqft
    2021-07-01 0 days 1,596 sqft
    2021-08-01 0 days 1,659 sqft
    2021-09-01 0 days 1,666 sqft
    2021-10-01 0 days 1,630 sqft
    2021-11-01 0 days 1,599 sqft
    2021-12-01 0 days 1,551 sqft
    2022-01-01 0 days 1,515 sqft
    2022-02-01 0 days 1,555 sqft
    2022-03-01 0 days 1,612 sqft
    2022-04-01 0 days 1,739 sqft
    2022-05-01 0 days 1,814 sqft
    2022-06-01 0 days 1,813 sqft
    2022-07-01 0 days 1,892 sqft
    2022-08-01 0 days 1,899 sqft
    2022-09-01 0 days 1,730 sqft
    2022-10-01 0 days 1,683 sqft
    2022-11-01 0 days 1,699 sqft
    2022-12-01 0 days 1,700 sqft
    2023-01-01 0 days 1,768 sqft
    2023-02-01 0 days 1,798 sqft
    2023-03-01 0 days 1,800 sqft
    2023-04-01 0 days 1,788 sqft
    2023-05-01 0 days 1,800 sqft
    2023-06-01 0 days 1,845 sqft
    2023-07-01 0 days 1,803 sqft
    2023-08-01 0 days 1,783 sqft
    2023-09-01 0 days 1,803 sqft
    2023-10-01 0 days 1,806 sqft
    2023-11-01 0 days 1,723 sqft
    2023-12-01 0 days 1,686 sqft
    2024-01-01 0 days 1,719 sqft
    2024-02-01 0 days 1,798 sqft
    2024-03-01 0 days 1,800 sqft
    2024-04-01 0 days 1,732 sqft
    2024-05-01 0 days 1,745 sqft
    2024-06-01 0 days 1,881 sqft
    2024-07-01 0 days 1,861 sqft
    2024-08-01 0 days 1,865 sqft
    2024-09-01 0 days 1,898 sqft
    2024-10-01 0 days 1,870 sqft
    Owensboro's median listing age (time on market) for 2024-10-01 was 0 days.

    Owensboro's median square footage for active listings during the 2024-10-01 period was 1,870 sqft. One year prior, the average listing was 1,806 sqft.