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
6.97%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Owensboro's average USDA mortgage closing costs are $4,458.
The average rate for the prior week (2024-04-12) was
6.52% and
one month ago for the week of 2024-03-15, the
average rate was 6.61%.
The average rate one year ago was 6.24%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.58%.
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 |
Owensboro's median listing price comes in at 0% of the national average.
Owensboro's average listing price for 2024-03-01 was $384,605, a difference of $4,601 (1.2%) versus the prior year and $1,944 versus the prior month.
For the 2024-03-01 period, Owensboro had 185 MLS listings, a difference of -10 listings (-5%) versus the prior month and 5 listings (3%) 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 | 1,799 sqft |
| 2024-03-01 | 0 days | 1,800 sqft |
Owensboro's median square footage for active listings during the 2024-03-01 period was 1,800 sqft. One year prior, the average listing was 1,800 sqft.