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 18 lenders originated 33 USDA loans during 2022. The total origination value was $5,195,000, with an average USDA loan value of $157,424.

Owensboro USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Owensboro averaged -0.32% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

Owensboro's average USDA mortgage closing costs are $4,410.

The average rate for the prior week (2024-02-16) was 6.16% and one month ago for the week of 2024-01-19, the average rate was 5.94%.

The average rate one year ago was 5.95%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.41%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
EVANSVILLE TEACHERS 4 4.88% $4,340
MOVEMENT MORTGAGE, LLC 4 4.59% $7,206
TOP FLITE FINANCIAL, INC. 4 5.84% $6,978
RUOFF MORTGAGE COMPANY, INC. 3 3.38% $1,909
German American Bank 2 5.06% $4,797
FBC MORTGAGE, LLC 2 4.38% $9,620
UNITED WHOLESALE MORTGAGE, LLC 2 4.77% $10,379
EVERETT FINANCIAL, INC. 2 5.38% $3,795
Truist 1 4.75% $4,819
Bank of England 1 4.75% $5,573
U.S. Bank 1 5.13% $3,274
CRESCENT MORTGAGE COMPANY 1 4.75% $6,702
FIRST COMMUNITY MORTGAGE, INC. 1 5.63% $4,473
GERSHMAN INVESTMENT CORP. 1 4.63% $4,329
GVC MORTGAGE, INC. 1 5.63% $2,380
Magnolia Bank 1 6.63% $4,646
MORTGAGE MASTERS OF INDIANA, INC. 1 6.13% $5,014
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.25% $4,442

The top Owensboro USDA lender as defined by loan originations is EVANSVILLE TEACHERS, with 4 USDA loans originated. Their average total fees are $4,340, which is $2,866 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

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 (10.8%) $245,114 (23.0%) 0.00 274
2018-02-01 $174,197 (7.3%) $247,681 (25.4%) 0.00 269
2018-03-01 $172,900 (2.9%) $240,004 (19.4%) 0.00 261
2018-04-01 $174,769 (0.9%) $246,403 (15.4%) 0.00 267
2018-05-01 $174,975 (-2.1%) $251,602 (6.8%) 0.00 265
2018-06-01 $184,900 (6.9%) $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 (0.7%) $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 (9.1%) $302,974 (29.7%) 0.00 337
2018-12-01 $184,900 (9.1%) $315,070 (34.3%) 0.00 300
2019-01-01 $179,875 (1.7%) $320,601 (30.8%) 0.00 284
2019-02-01 $187,200 (1.7%) $320,592 (29.4%) 0.00 271
2019-03-01 $198,264 (11.2%) $331,545 (38.1%) 0.00 256
2019-04-01 $212,450 (17.0%) $344,574 (39.8%) 0.00 250
2019-05-01 $214,500 (17.4%) $336,873 (33.9%) 0.00 247
2019-06-01 $204,900 (8.1%) $331,416 (0.5%) 0.00 271
2019-07-01 $189,800 (0.3%) $318,621 (-0.8%) 0.00 300
2019-08-01 $185,579 (1.5%) $294,607 (-6.3%) 0.00 303
2019-09-01 $186,449 (4.5%) $263,363 (-15.4%) 0.00 301
2019-10-01 $185,916 (2.6%) $238,064 (-22.3%) 0.00 302
2019-11-01 $179,900 (0.0%) $237,318 (-21.7%) 0.00 294
2019-12-01 $184,900 (2.8%) $239,327 (-24.0%) 0.00 274
2020-01-01 $179,900 (0.2%) $236,664 (-26.2%) 0.00 255
2020-02-01 $184,900 (3.5%) $314,462 (-1.9%) 0.00 234
2020-03-01 $175,925 (-8.9%) $311,280 (-6.1%) 0.00 223
2020-04-01 $173,907 (-15.5%) $323,513 (-6.1%) 0.00 208
2020-05-01 $189,900 (-9.7%) $368,430 (9.4%) 0.00 147
2020-06-01 $217,024 (2.3%) $391,970 (18.3%) 0.00 132
2020-07-01 $199,950 (7.3%) $385,588 (21.0%) 0.00 135
2020-08-01 $194,000 (1.8%) $364,222 (23.6%) 0.00 154
2020-09-01 $187,250 (-0.6%) $353,295 (34.2%) 0.00 164
2020-10-01 $190,000 (1.5%) $357,351 (50.1%) 0.00 161
2020-11-01 $193,100 (6.7%) $360,446 (51.9%) 0.00 157
2020-12-01 $191,800 (3.1%) $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 (4.3%) $264,390 (-15.9%) 0.00 111
2021-03-01 $189,825 (7.1%) $251,902 (-19.1%) 0.00 108
2021-04-01 $176,200 (0.4%) $245,750 (-24.0%) 0.00 119
2021-05-01 $199,900 (5.5%) $302,207 (-18.0%) 0.00 101
2021-06-01 $204,150 (0.4%) $285,994 (-27.0%) 0.00 110
2021-07-01 $189,950 (-4.6%) $269,326 (-30.2%) 0.00 126
2021-08-01 $199,900 (5.5%) $263,068 (-27.8%) 0.00 133
2021-09-01 $199,750 (8.4%) $266,483 (-24.6%) 0.00 144
2021-10-01 $196,950 (4.8%) $272,272 (-23.8%) 0.00 129
2021-11-01 $174,400 (-9.8%) $281,177 (-22.0%) 0.00 123
2021-12-01 $194,200 (3.2%) $276,533 (-23.3%) 0.00 126
2022-01-01 $187,200 (-2.2%) $269,128 (8.8%) 0.00 108
2022-02-01 $178,175 (-8.2%) $260,296 (-1.6%) 0.00 97
2022-03-01 $189,900 (5.3%) $266,396 (5.8%) 0.00 95
2022-04-01 $202,450 (18.2%) $280,646 (14.2%) 0.00 90
2022-05-01 $240,950 (21.3%) $299,297 (-1.0%) 0.00 122
2022-06-01 $246,200 (19.9%) $295,553 (3.3%) 0.00 150
2022-07-01 $261,200 (36.9%) $304,179 (12.9%) 0.00 170
2022-08-01 $262,266 (29.8%) $309,677 (17.7%) 0.00 168
2022-09-01 $247,175 (20.3%) $299,050 (12.2%) 0.00 182
2022-10-01 $234,900 (18.0%) $295,777 (8.6%) 0.00 185
2022-11-01 $234,900 (35.7%) $296,523 (5.5%) 0.00 219
2022-12-01 $237,700 (20.8%) $353,500 (27.8%) 0.00 227
2023-01-01 $256,500 (34.3%) $358,007 (33.0%) 0.00 210
2023-02-01 $259,800 (43.0%) $368,919 (41.7%) 0.00 193
2023-03-01 $265,150 (30.4%) $394,785 (48.2%) 0.00 164
2023-04-01 $275,000 (30.8%) $418,273 (49.0%) 0.00 149
2023-05-01 $277,400 (12.6%) $417,361 (39.5%) 0.00 149
2023-06-01 $274,950 (11.7%) $334,261 (13.1%) 0.00 168
2023-07-01 $264,900 (3.5%) $318,557 (4.7%) 0.00 172
2023-08-01 $260,875 (1.6%) $311,924 (0.7%) 0.00 184
2023-09-01 $259,900 (6.7%) $308,848 (3.3%) 0.00 195
2023-10-01 $259,650 (11.7%) $304,752 (3.0%) 0.00 216
2023-11-01 $262,625 (13.3%) $295,487 (-0.4%) 0.00 223
2023-12-01 $250,000 (0.0%) $294,401 (-16.7%) 0.00 216
Owensboro's median listing price for 2023-12-01 was $250,000, a difference of $12,300 (0.0%) versus the prior year and $-12,625 versus the prior month.

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

Owensboro's average listing price for 2023-12-01 was $294,401, a difference of $-59,099 (-16.7%) versus the prior year and $-1,086 versus the prior month.

For the 2023-12-01 period, Owensboro had 216 MLS listings, a difference of -7 listings (-3%) versus the prior month and -11 listings (-5%) 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 1,895 sqft
2018-02-01 0 days 1,878 sqft
2018-03-01 0 days 1,856 sqft
2018-04-01 0 days 1,913 sqft
2018-05-01 0 days 1,934 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 1,713 sqft
2020-01-01 0 days 1,704 sqft
2020-02-01 0 days 1,827 sqft
2020-03-01 0 days 1,677 sqft
2020-04-01 0 days 1,678 sqft
2020-05-01 0 days 1,832 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 1,798 sqft
2022-06-01 0 days 1,810 sqft
2022-07-01 0 days 1,886 sqft
2022-08-01 0 days 1,901 sqft
2022-09-01 0 days 1,722 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 1,800 sqft
2023-03-01 0 days 1,858 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 1,743 sqft
2023-09-01 0 days 1,772 sqft
2023-10-01 0 days 1,803 sqft
2023-11-01 0 days 1,715 sqft
2023-12-01 0 days 1,706 sqft
Owensboro's median listing age (time on market) for 2023-12-01 was 0 days.

Owensboro's median square footage for active listings during the 2023-12-01 period was 1,706 sqft. One year prior, the average listing was 1,699 sqft.