Paducah USDA Loan Rates, Closing Costs & Stats

Paducah, KY-IL

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Paducah's 12 lenders originated 24 USDA loans during 2023. The total origination value was $3,160,000, with an average USDA loan value of $131,667.

    Paducah USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Paducah averaged 0.35% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

    Paducah's average USDA mortgage closing costs are $3,807.

    The average rate for the prior week (2024-11-22) was 6.65% and one month ago for the week of 2024-10-25, the average rate was 6.55%.

    The average rate one year ago was 7.15%.

    For refis of the same type during the week of 2024-11-29, the average rate was 0%.

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

    Paducah 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 Paducah level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    EVERETT FINANCIAL, INC. 5 7.10% $3,491
    GERSHMAN INVESTMENT CORP. 5 6.25% $4,337
    STOCKTON MORTGAGE CORPORATION 3 6.71% $5,347
    Regions Bank 2 6.75% $4,317
    MOVEMENT MORTGAGE, LLC 1 5.25% $8,619
    POLARIS HOME FUNDING CORP. 1 6.75% $5,422
    TOWNE MORTGAGE COMPANY 1 7.63% $5,051
    CapStar Bank 1 6.38% $4,270
    U.S. Bank 1 7.25% $5,581
    Citizens Bank 1 7.75% $5,027
    LOANDEPOT.COM, LLC 1 7.13% $5,142
    MID AMERICA MORTGAGE, INC. 1 6.13% $4,099

    The top Paducah USDA lender as defined by loan originations is EVERETT FINANCIAL, INC., with 5 USDA loans originated. Their average total fees are $3,491, which is $846 lower than the next largest lender, GERSHMAN INVESTMENT CORP..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Paducah (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 $139,075 (-0.6%) $174,726 (-7.4%) 0.00 559
    2018-02-01 $137,400 (-1.8%) $172,011 (-9.1%) 0.00 552
    2018-03-01 $149,000 (5.0%) $177,370 (-7.5%) 0.00 572
    2018-04-01 $145,700 (-2.2%) $180,997 (-7.6%) 0.00 582
    2018-05-01 $149,900 (0.1%) $186,747 (-5.6%) 0.00 609
    2018-06-01 $145,000 (-3.3%) $187,946 (-3.1%) 0.00 619
    2018-07-01 $139,900 (-7.3%) $181,926 (-6.6%) 0.00 637
    2018-08-01 $138,475 (-7.6%) $179,265 (-6.1%) 0.00 616
    2018-09-01 $135,000 (-8.5%) $179,000 (-4.2%) 0.00 601
    2018-10-01 $137,975 (-8.0%) $183,246 (-2.5%) 0.00 578
    2018-11-01 $139,450 (-0.3%) $183,514 (1.6%) 0.00 565
    2018-12-01 $144,900 (3.6%) $191,992 (7.8%) 0.00 522
    2019-01-01 $144,925 (4.2%) $193,506 (10.8%) 0.00 506
    2019-02-01 $144,950 (5.5%) $196,582 (14.3%) 0.00 522
    2019-03-01 $144,929 (-2.7%) $197,148 (11.2%) 0.00 549
    2019-04-01 $142,450 (-2.2%) $195,570 (8.1%) 0.00 557
    2019-05-01 $145,000 (-3.3%) $201,464 (7.9%) 0.00 553
    2019-06-01 $144,900 (-0.1%) $203,144 (8.1%) 0.00 573
    2019-07-01 $144,900 (3.6%) $203,214 (11.7%) 0.00 574
    2019-08-01 $147,791 (6.7%) $207,439 (15.7%) 0.00 566
    2019-09-01 $148,977 (10.4%) $209,185 (16.9%) 0.00 552
    2019-10-01 $149,900 (8.6%) $210,367 (14.8%) 0.00 542
    2019-11-01 $152,000 (9.0%) $213,373 (16.3%) 0.00 520
    2019-12-01 $154,900 (6.9%) $217,170 (13.1%) 0.00 479
    2020-01-01 $144,825 (-0.1%) $211,855 (9.5%) 0.00 446
    2020-02-01 $139,900 (-3.5%) $216,302 (10.0%) 0.00 370
    2020-03-01 $149,900 (3.4%) $227,890 (15.6%) 0.00 371
    2020-04-01 $149,800 (5.2%) $230,678 (18.0%) 0.00 351
    2020-05-01 $149,900 (3.4%) $229,128 (13.7%) 0.00 311
    2020-06-01 $163,200 (12.6%) $234,589 (15.5%) 0.00 305
    2020-07-01 $169,900 (17.3%) $234,209 (15.3%) 0.00 305
    2020-08-01 $164,440 (11.3%) $233,403 (12.5%) 0.00 287
    2020-09-01 $146,325 (-1.8%) $220,652 (5.5%) 0.00 273
    2020-10-01 $149,900 (0.0%) $215,811 (2.6%) 0.00 276
    2020-11-01 $144,900 (-4.7%) $215,335 (0.9%) 0.00 247
    2020-12-01 $154,900 (0.0%) $220,234 (1.4%) 0.00 239
    2021-01-01 $159,450 (10.1%) $218,848 (3.3%) 0.00 217
    2021-02-01 $146,150 (4.5%) $220,066 (1.7%) 0.00 197
    2021-03-01 $136,598 (-8.9%) $203,941 (-10.5%) 0.00 166
    2021-04-01 $144,700 (-3.4%) $217,685 (-5.6%) 0.00 150
    2021-05-01 $149,900 (0.0%) $217,145 (-5.2%) 0.00 150
    2021-06-01 $137,700 (-15.6%) $245,225 (4.5%) 0.00 155
    2021-07-01 $147,900 (-13.0%) $263,560 (12.5%) 0.00 154
    2021-08-01 $154,200 (-6.2%) $267,864 (14.8%) 0.00 147
    2021-09-01 $134,246 (-8.3%) $245,732 (11.4%) 0.00 145
    2021-10-01 $147,500 (-1.6%) $236,511 (9.6%) 0.00 144
    2021-11-01 $147,069 (1.5%) $266,666 (23.8%) 0.00 145
    2021-12-01 $127,450 (-17.7%) $210,793 (-4.3%) 0.00 135
    2022-01-01 $139,900 (-12.3%) $221,215 (1.1%) 0.00 124
    2022-02-01 $139,900 (-4.3%) $220,431 (0.2%) 0.00 119
    2022-03-01 $139,800 (2.3%) $261,517 (28.2%) 0.00 141
    2022-04-01 $134,695 (-6.9%) $230,980 (6.1%) 0.00 145
    2022-05-01 $139,900 (-6.7%) $232,572 (7.1%) 0.00 148
    2022-06-01 $143,675 (4.3%) $234,177 (-4.5%) 0.00 158
    2022-07-01 $159,500 (7.8%) $249,432 (-5.4%) 0.00 165
    2022-08-01 $177,158 (14.9%) $247,205 (-7.7%) 0.00 162
    2022-09-01 $189,950 (41.5%) $241,690 (-1.6%) 0.00 167
    2022-10-01 $219,950 (49.1%) $257,187 (8.7%) 0.00 164
    2022-11-01 $215,175 (46.3%) $268,267 (0.6%) 0.00 160
    2022-12-01 $210,000 (64.8%) $268,591 (27.4%) 0.00 160
    2023-01-01 $223,163 (59.5%) $269,911 (22.0%) 0.00 135
    2023-02-01 $223,188 (59.5%) $270,168 (22.6%) 0.00 134
    2023-03-01 $218,425 (56.2%) $270,308 (3.4%) 0.00 135
    2023-04-01 $219,900 (63.3%) $285,337 (23.5%) 0.00 130
    2023-05-01 $228,675 (63.5%) $293,851 (26.4%) 0.00 132
    2023-06-01 $241,175 (67.9%) $299,118 (27.7%) 0.00 147
    2023-07-01 $249,900 (56.7%) $294,951 (18.3%) 0.00 163
    2023-08-01 $257,200 (45.2%) $303,432 (22.8%) 0.00 167
    2023-09-01 $238,500 (25.6%) $294,387 (21.8%) 0.00 175
    2023-10-01 $231,675 (5.3%) $295,405 (14.9%) 0.00 177
    2023-11-01 $241,000 (12.0%) $316,416 (18.0%) 0.00 177
    2023-12-01 $264,900 (26.1%) $307,656 (14.5%) 0.00 167
    2024-01-01 $274,950 (23.2%) $306,569 (13.6%) 0.00 160
    2024-02-01 $289,800 (29.9%) $305,955 (13.3%) 0.00 165
    2024-03-01 $280,000 (28.2%) $321,471 (18.9%) 0.00 160
    2024-04-01 $265,950 (20.9%) $314,020 (10.1%) 0.00 165
    2024-05-01 $279,725 (22.3%) $321,165 (9.3%) 0.00 176
    2024-06-01 $277,000 (14.9%) $328,615 (9.9%) 0.00 198
    2024-07-01 $279,450 (11.8%) $331,158 (12.3%) 0.00 209
    2024-08-01 $249,900 (-2.8%) $309,089 (1.9%) 0.00 229
    2024-09-01 $259,450 (8.8%) $318,255 (8.1%) 0.00 230
    2024-10-01 $249,900 (7.9%) $326,060 (10.4%) 0.00 234
    Paducah's median listing price for 2024-10-01 was $249,900, a difference of $18,225 (7.9%) versus the prior year and $-9,550 versus the prior month.

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

    Paducah's average listing price for 2024-10-01 was $326,060, a difference of $30,655 (10.4%) versus the prior year and $7,805 versus the prior month.

    For the 2024-10-01 period, Paducah had 234 MLS listings, a difference of 4 listings (2%) versus the prior month and 57 listings (32%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Paducah (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,777 sqft
    2018-02-01 0 days 1,726 sqft
    2018-03-01 0 days 1,782 sqft
    2018-04-01 0 days 1,808 sqft
    2018-05-01 0 days 1,819 sqft
    2018-06-01 0 days 1,808 sqft
    2018-07-01 0 days 1,803 sqft
    2018-08-01 0 days 1,800 sqft
    2018-09-01 0 days 1,790 sqft
    2018-10-01 0 days 1,769 sqft
    2018-11-01 0 days 1,767 sqft
    2018-12-01 0 days 1,800 sqft
    2019-01-01 0 days 1,800 sqft
    2019-02-01 0 days 1,781 sqft
    2019-03-01 0 days 1,774 sqft
    2019-04-01 0 days 1,740 sqft
    2019-05-01 0 days 1,738 sqft
    2019-06-01 0 days 1,757 sqft
    2019-07-01 0 days 1,726 sqft
    2019-08-01 0 days 1,771 sqft
    2019-09-01 0 days 1,794 sqft
    2019-10-01 0 days 1,811 sqft
    2019-11-01 0 days 1,852 sqft
    2019-12-01 0 days 1,921 sqft
    2020-01-01 0 days 1,813 sqft
    2020-02-01 0 days 1,768 sqft
    2020-03-01 0 days 1,895 sqft
    2020-04-01 0 days 1,894 sqft
    2020-05-01 0 days 1,926 sqft
    2020-06-01 0 days 1,915 sqft
    2020-07-01 0 days 1,952 sqft
    2020-08-01 0 days 1,880 sqft
    2020-09-01 0 days 1,752 sqft
    2020-10-01 0 days 1,728 sqft
    2020-11-01 0 days 1,732 sqft
    2020-12-01 0 days 1,775 sqft
    2021-01-01 0 days 1,800 sqft
    2021-02-01 0 days 1,787 sqft
    2021-03-01 0 days 1,712 sqft
    2021-04-01 0 days 1,788 sqft
    2021-05-01 0 days 1,708 sqft
    2021-06-01 0 days 1,625 sqft
    2021-07-01 0 days 1,696 sqft
    2021-08-01 0 days 1,803 sqft
    2021-09-01 0 days 1,674 sqft
    2021-10-01 0 days 1,667 sqft
    2021-11-01 0 days 1,588 sqft
    2021-12-01 0 days 1,457 sqft
    2022-01-01 0 days 1,500 sqft
    2022-02-01 0 days 1,398 sqft
    2022-03-01 0 days 1,439 sqft
    2022-04-01 0 days 1,480 sqft
    2022-05-01 0 days 1,462 sqft
    2022-06-01 0 days 1,488 sqft
    2022-07-01 0 days 1,603 sqft
    2022-08-01 0 days 1,601 sqft
    2022-09-01 0 days 1,603 sqft
    2022-10-01 0 days 1,727 sqft
    2022-11-01 0 days 1,785 sqft
    2022-12-01 0 days 1,834 sqft
    2023-01-01 0 days 1,821 sqft
    2023-02-01 0 days 1,750 sqft
    2023-03-01 0 days 1,800 sqft
    2023-04-01 0 days 1,762 sqft
    2023-05-01 0 days 1,738 sqft
    2023-06-01 0 days 1,822 sqft
    2023-07-01 0 days 1,835 sqft
    2023-08-01 0 days 1,869 sqft
    2023-09-01 0 days 1,854 sqft
    2023-10-01 0 days 1,859 sqft
    2023-11-01 0 days 1,977 sqft
    2023-12-01 0 days 1,900 sqft
    2024-01-01 0 days 1,957 sqft
    2024-02-01 0 days 1,928 sqft
    2024-03-01 0 days 2,020 sqft
    2024-04-01 0 days 1,873 sqft
    2024-05-01 0 days 1,997 sqft
    2024-06-01 0 days 1,947 sqft
    2024-07-01 0 days 1,985 sqft
    2024-08-01 0 days 1,905 sqft
    2024-09-01 0 days 1,976 sqft
    2024-10-01 0 days 1,896 sqft
    Paducah's median listing age (time on market) for 2024-10-01 was 0 days.

    Paducah's median square footage for active listings during the 2024-10-01 period was 1,896 sqft. One year prior, the average listing was 1,859 sqft.