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 6.63% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.29% and one month ago for the week of 2025-01-10, the average rate was 6.44%.

    The average rate one year ago was 6.43%.

    For refis of the same type during the week of 2025-02-14, the average rate was 7.24%.

    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 $171,897 (7.8%) $245,114 (23.0%) 0.00 274
    2018-02-01 $174,197 (4.1%) $247,681 (25.4%) 0.00 269
    2018-03-01 $172,900 (1.8%) $240,004 (19.4%) 0.00 261
    2018-04-01 $174,769 (-2.9%) $246,403 (15.4%) 0.00 267
    2018-05-01 $174,975 (-6.6%) $251,602 (6.8%) 0.00 265
    2018-06-01 $184,900 (5.7%) $329,892 (41.8%) 0.00 284
    2018-07-01 $187,400 (7.2%) $321,173 (33.8%) 0.00 308
    2018-08-01 $186,900 (2.6%) $314,275 (28.7%) 0.00 327
    2018-09-01 $179,900 (5.9%) $311,301 (30.3%) 0.00 327
    2018-10-01 $182,400 (9.0%) $306,229 (28.7%) 0.00 338
    2018-11-01 $179,742 (9.0%) $302,974 (29.7%) 0.00 337
    2018-12-01 $184,900 (12.1%) $315,070 (34.3%) 0.00 300
    2019-01-01 $179,875 (4.6%) $320,601 (30.8%) 0.00 284
    2019-02-01 $187,200 (7.5%) $320,592 (29.4%) 0.00 271
    2019-03-01 $198,264 (14.7%) $331,545 (38.1%) 0.00 256
    2019-04-01 $212,450 (21.6%) $344,574 (39.8%) 0.00 250
    2019-05-01 $214,500 (22.6%) $336,873 (33.9%) 0.00 247
    2019-06-01 $204,900 (10.8%) $331,416 (0.5%) 0.00 271
    2019-07-01 $189,800 (1.3%) $318,621 (-0.8%) 0.00 300
    2019-08-01 $185,579 (-0.7%) $294,607 (-6.3%) 0.00 303
    2019-09-01 $186,449 (3.6%) $263,363 (-15.4%) 0.00 301
    2019-10-01 $185,916 (1.9%) $238,064 (-22.3%) 0.00 302
    2019-11-01 $179,900 (0.1%) $237,318 (-21.7%) 0.00 294
    2019-12-01 $184,900 (0.0%) $239,327 (-24.0%) 0.00 274
    2020-01-01 $179,900 (0.0%) $236,664 (-26.2%) 0.00 255
    2020-02-01 $184,900 (-1.2%) $314,462 (-1.9%) 0.00 234
    2020-03-01 $175,925 (-11.3%) $311,280 (-6.1%) 0.00 223
    2020-04-01 $173,907 (-18.1%) $323,513 (-6.1%) 0.00 208
    2020-05-01 $189,900 (-11.5%) $368,430 (9.4%) 0.00 147
    2020-06-01 $217,024 (5.9%) $391,970 (18.3%) 0.00 132
    2020-07-01 $199,950 (5.4%) $385,588 (21.0%) 0.00 135
    2020-08-01 $194,000 (4.5%) $364,222 (23.6%) 0.00 154
    2020-09-01 $187,250 (0.4%) $353,295 (34.2%) 0.00 164
    2020-10-01 $190,000 (2.2%) $357,351 (50.1%) 0.00 161
    2020-11-01 $193,100 (7.3%) $360,446 (51.9%) 0.00 157
    2020-12-01 $191,800 (3.7%) $360,676 (50.7%) 0.00 145
    2021-01-01 $193,700 (7.7%) $247,420 (4.6%) 0.00 141
    2021-02-01 $194,200 (5.0%) $264,390 (-15.9%) 0.00 111
    2021-03-01 $189,825 (7.9%) $251,902 (-19.1%) 0.00 108
    2021-04-01 $176,200 (1.3%) $245,750 (-24.0%) 0.00 119
    2021-05-01 $199,900 (5.3%) $302,207 (-18.0%) 0.00 101
    2021-06-01 $204,150 (-5.9%) $285,994 (-27.0%) 0.00 110
    2021-07-01 $189,950 (-5.0%) $269,326 (-30.2%) 0.00 126
    2021-08-01 $199,900 (3.0%) $263,068 (-27.8%) 0.00 133
    2021-09-01 $199,750 (6.7%) $266,483 (-24.6%) 0.00 144
    2021-10-01 $196,950 (3.7%) $272,272 (-23.8%) 0.00 129
    2021-11-01 $174,400 (-9.7%) $281,177 (-22.0%) 0.00 123
    2021-12-01 $194,200 (1.3%) $276,533 (-23.3%) 0.00 126
    2022-01-01 $187,200 (-3.4%) $269,128 (8.8%) 0.00 108
    2022-02-01 $178,175 (-8.3%) $260,296 (-1.6%) 0.00 97
    2022-03-01 $189,900 (0.0%) $266,396 (5.8%) 0.00 95
    2022-04-01 $202,450 (14.9%) $280,646 (14.2%) 0.00 90
    2022-05-01 $239,800 (20.0%) $299,220 (-1.0%) 0.00 121
    2022-06-01 $244,925 (20.0%) $295,583 (3.4%) 0.00 149
    2022-07-01 $259,900 (36.8%) $304,277 (13.0%) 0.00 171
    2022-08-01 $262,266 (31.2%) $309,923 (17.8%) 0.00 168
    2022-09-01 $247,400 (23.9%) $299,195 (12.3%) 0.00 182
    2022-10-01 $234,900 (19.3%) $295,777 (8.6%) 0.00 185
    2022-11-01 $234,900 (34.7%) $296,523 (5.5%) 0.00 219
    2022-12-01 $237,700 (22.4%) $353,500 (27.8%) 0.00 227
    2023-01-01 $256,500 (37.0%) $358,007 (33.0%) 0.00 210
    2023-02-01 $259,900 (45.9%) $368,502 (41.6%) 0.00 194
    2023-03-01 $265,400 (39.8%) $394,187 (48.0%) 0.00 164
    2023-04-01 $277,450 (37.1%) $417,496 (48.8%) 0.00 149
    2023-05-01 $277,400 (15.7%) $417,361 (39.5%) 0.00 149
    2023-06-01 $274,950 (12.3%) $334,261 (13.1%) 0.00 168
    2023-07-01 $264,900 (1.9%) $318,557 (4.7%) 0.00 172
    2023-08-01 $260,875 (-0.5%) $311,924 (0.7%) 0.00 184
    2023-09-01 $259,900 (5.1%) $308,848 (3.2%) 0.00 195
    2023-10-01 $259,650 (10.5%) $304,752 (3.0%) 0.00 216
    2023-11-01 $262,625 (11.8%) $295,487 (-0.4%) 0.00 223
    2023-12-01 $250,000 (5.2%) $294,401 (-16.7%) 0.00 216
    2024-01-01 $269,700 (5.2%) $368,925 (3.1%) 0.00 182
    2024-02-01 $277,350 (6.7%) $388,445 (5.4%) 0.00 184
    2024-03-01 $284,800 (7.3%) $393,781 (-0.1%) 0.00 173
    2024-04-01 $269,900 (-2.7%) $371,960 (-10.9%) 0.00 172
    2024-05-01 $273,900 (-1.3%) $374,496 (-10.3%) 0.00 191
    2024-06-01 $269,900 (-1.8%) $370,405 (10.8%) 0.00 205
    2024-07-01 $279,800 (5.6%) $352,547 (10.7%) 0.00 197
    2024-08-01 $279,900 (7.3%) $390,943 (25.3%) 0.00 217
    2024-09-01 $283,650 (9.1%) $401,517 (30.0%) 0.00 217
    2024-10-01 $276,575 (6.5%) $390,513 (28.1%) 0.00 228
    2024-11-01 $279,900 (6.6%) $393,375 (33.1%) 0.00 233
    2024-12-01 $273,650 (9.5%) $382,643 (30.0%) 0.00 226
    2025-01-01 $279,100 (3.5%) $389,522 (5.6%) 0.00 215
    Owensboro's median listing price for 2025-01-01 was $279,100, a difference of $9,400 (3.5%) versus the prior year and $5,450 versus the prior month.

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

    Owensboro's average listing price for 2025-01-01 was $389,522, a difference of $20,597 (5.6%) versus the prior year and $6,879 versus the prior month.

    For the 2025-01-01 period, Owensboro had 215 MLS listings, a difference of -11 listings (-5%) versus the prior month and 33 listings (18%) 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 1,902 sqft
    2018-02-01 0 days 1,885 sqft
    2018-03-01 0 days 1,857 sqft
    2018-04-01 0 days 1,917 sqft
    2018-05-01 0 days 1,940 sqft
    2018-06-01 0 days 1,952 sqft
    2018-07-01 0 days 1,942 sqft
    2018-08-01 0 days 1,961 sqft
    2018-09-01 0 days 1,965 sqft
    2018-10-01 0 days 1,937 sqft
    2018-11-01 0 days 1,939 sqft
    2018-12-01 0 days 1,951 sqft
    2019-01-01 0 days 1,884 sqft
    2019-02-01 0 days 1,893 sqft
    2019-03-01 0 days 2,025 sqft
    2019-04-01 0 days 2,158 sqft
    2019-05-01 0 days 2,087 sqft
    2019-06-01 0 days 2,095 sqft
    2019-07-01 0 days 1,995 sqft
    2019-08-01 0 days 1,919 sqft
    2019-09-01 0 days 1,837 sqft
    2019-10-01 0 days 1,776 sqft
    2019-11-01 0 days 1,719 sqft
    2019-12-01 0 days 1,709 sqft
    2020-01-01 0 days 1,702 sqft
    2020-02-01 0 days 1,827 sqft
    2020-03-01 0 days 1,674 sqft
    2020-04-01 0 days 1,675 sqft
    2020-05-01 0 days 1,823 sqft
    2020-06-01 0 days 1,859 sqft
    2020-07-01 0 days 1,941 sqft
    2020-08-01 0 days 1,768 sqft
    2020-09-01 0 days 1,752 sqft
    2020-10-01 0 days 1,772 sqft
    2020-11-01 0 days 1,776 sqft
    2020-12-01 0 days 1,767 sqft
    2021-01-01 0 days 1,741 sqft
    2021-02-01 0 days 1,794 sqft
    2021-03-01 0 days 1,729 sqft
    2021-04-01 0 days 1,659 sqft
    2021-05-01 0 days 1,680 sqft
    2021-06-01 0 days 1,668 sqft
    2021-07-01 0 days 1,595 sqft
    2021-08-01 0 days 1,642 sqft
    2021-09-01 0 days 1,658 sqft
    2021-10-01 0 days 1,619 sqft
    2021-11-01 0 days 1,553 sqft
    2021-12-01 0 days 1,533 sqft
    2022-01-01 0 days 1,513 sqft
    2022-02-01 0 days 1,554 sqft
    2022-03-01 0 days 1,582 sqft
    2022-04-01 0 days 1,724 sqft
    2022-05-01 0 days 1,789 sqft
    2022-06-01 0 days 1,804 sqft
    2022-07-01 0 days 1,886 sqft
    2022-08-01 0 days 1,901 sqft
    2022-09-01 0 days 1,729 sqft
    2022-10-01 0 days 1,672 sqft
    2022-11-01 0 days 1,686 sqft
    2022-12-01 0 days 1,699 sqft
    2023-01-01 0 days 1,750 sqft
    2023-02-01 0 days 1,797 sqft
    2023-03-01 0 days 1,849 sqft
    2023-04-01 0 days 1,799 sqft
    2023-05-01 0 days 1,801 sqft
    2023-06-01 0 days 1,832 sqft
    2023-07-01 0 days 1,799 sqft
    2023-08-01 0 days 1,740 sqft
    2023-09-01 0 days 1,766 sqft
    2023-10-01 0 days 1,803 sqft
    2023-11-01 0 days 1,702 sqft
    2023-12-01 0 days 1,688 sqft
    2024-01-01 0 days 1,755 sqft
    2024-02-01 0 days 1,804 sqft
    2024-03-01 0 days 1,804 sqft
    2024-04-01 0 days 1,771 sqft
    2024-05-01 0 days 1,792 sqft
    2024-06-01 0 days 1,881 sqft
    2024-07-01 0 days 1,921 sqft
    2024-08-01 0 days 1,904 sqft
    2024-09-01 0 days 1,893 sqft
    2024-10-01 0 days 1,860 sqft
    2024-11-01 0 days 1,897 sqft
    2024-12-01 0 days 1,771 sqft
    2025-01-01 0 days 1,879 sqft
    Owensboro's median listing age (time on market) for 2025-01-01 was 0 days.

    Owensboro's median square footage for active listings during the 2025-01-01 period was 1,879 sqft. One year prior, the average listing was 1,755 sqft.