Owensboro USDA Loan Rates, Closing Costs & Stats

OWENSBORO, 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.

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 6.45% for the week of 2024-07-05, compared to the national average (all USDA variants) of 6.738% for the same period.

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

The average rate for the prior week (2024-06-28) was 6.82% and one month ago for the week of 2024-05-31, the average rate was 6.69%.

The average rate one year ago was 6.77%.

For refis of the same type during the week of 2024-07-05, the average rate was 7.26%.

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%) $376,954 (14.0%) 0.00 215
Owensboro's median listing price for 2024-06-01 was $269,900, a difference of $-5,050 (-1.8%) versus the prior year and $0 versus the prior month.

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

Owensboro's average listing price for 2024-06-01 was $376,954, a difference of $46,160 (14.0%) versus the prior year and $5,614 versus the prior month.

For the 2024-06-01 period, Owensboro had 215 MLS listings, a difference of 12 listings (6%) versus the prior month and 38 listings (21%) 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
Owensboro's median listing age (time on market) for 2024-06-01 was 0 days.

Owensboro's median square footage for active listings during the 2024-06-01 period was 1,881 sqft. One year prior, the average listing was 1,845 sqft.