Kentucky USDA Loan Rates, Closing Costs & Stats

Kentucky

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.

Kentucky USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Kentucky averaged 6.64% for the week of 2024-07-12, compared to the national average (all USDA variants) of 6.672% for the same period.

Kentucky's average USDA mortgage closing costs are $4,578.

The average rate for the prior week (2024-07-05) was 6.91% and one month ago for the week of 2024-06-07, the average rate was 6.78%.

The average rate one year ago was 6.56%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.66%.

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

Kentucky 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 Kentucky level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
STOCKTON MORTGAGE CORPORATION 148 6.63% $7,421
UNITED WHOLESALE MORTGAGE, LLC 70 6.38% $6,360
Magnolia Bank 38 6.57% $5,730
GoPrime Mortgage, Inc. 37 6.89% $5,051
GENEVA FINANCIAL, LLC 37 6.25% $6,653
Paramount Residential Mortgage Group, Inc. 33 6.76% $4,707
POLARIS HOME FUNDING CORP. 31 6.57% $6,863
HOMESIDE FINANCIAL, LLC 29 6.43% $6,866
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 29 6.55% $7,702
UNION HOME MORTGAGE CORP. 29 6.88% $6,247
ARK-LA-TEX FINANCIAL SERVICES, LLC. 28 6.84% $4,465
Equity Prime Mortgage LLC 28 7.05% $4,763
U.S. Bank 28 6.87% $4,885
Century Mortgage Company DBA Century Lending Company 24 6.60% $7,125
Republic State Mortgage Co. 22 6.48% $6,642
EVANSVILLE TEACHERS 21 6.35% $5,188
MID AMERICA MORTGAGE, INC. 19 6.84% $4,969
Citizens Bank 18 6.71% $5,618
EVERETT FINANCIAL, INC. 17 6.90% $4,620
Mortgage Research Center, LLC 17 6.76% $2,254
Bank of England 16 6.37% $8,287
TOP FLITE FINANCIAL, INC. 16 6.62% $7,156
FIRST COMMUNITY MORTGAGE, INC. 15 6.85% $6,523
Northpointe Bank 15 6.23% $6,221
DAS Acquisition Company, LLC 15 6.84% $7,535
RUOFF MORTGAGE COMPANY, INC. 15 6.53% $3,939
GERSHMAN INVESTMENT CORP. 13 6.29% $4,831
PRIMARY RESIDENTIAL MORTGAGE, INC. 13 6.67% $5,802
NEWREZ LLC 12 6.75% $6,486
MORTGAGE INVESTORS GROUP, INC. 12 6.85% $5,634
THRIVE MORTGAGE, LLC 12 6.55% $6,428
CROSSCOUNTRY MORTGAGE, LLC 11 6.67% $6,053
Plains Commerce Bank 11 6.33% $5,936
MOVEMENT MORTGAGE, LLC 11 6.43% $7,077
Renasant Bank 11 6.58% $5,234
SOUTH CENTRAL BANK, INC. 11 6.63% $5,205
Prosperity Home Mortgage, LLC 10 6.36% $6,366
CARDINAL FINANCIAL 10 6.94% $7,832
PLAZA HOME MORTGAGE, INC. 9 6.04% $4,962
Edmonton State Bank 9 6.67% $5,128
Stock Yards Bank & Trust Company 9 6.24% $6,464
Truist 8 6.00% $5,721
MORTGAGE MASTERS OF INDIANA, INC. 7 6.55% $5,383
BROKER SOLUTIONS, INC. 7 6.66% $7,552
Central Bank 6 6.13% $4,469
SUCCESS MORTGAGE PARTNERS, INC. 6 6.46% $8,965
Carrington Mortgage Services, LLC 6 6.79% $7,373
Traditional Bank, Inc. 5 6.45% $5,294
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 6.35% $8,006
INTERLINC MORTGAGE SERVICES, LLC 5 6.48% $6,332
AMERICAN FINANCIAL NETWORK, INC. 4 6.72% $6,127
Flagstar Bank, FSB 4 7.03% $5,803
GUARANTY HOME MORTGAGE CORPORATION 4 5.94% $4,807
AMERICAN FINANCIAL RESOURCES, INC. 4 6.94% $4,183
Fifth Third Bank 4 6.13% $5,290
FirstTrust Home Loans, Inc. 4 6.81% $4,339
Peoples Exchange Bank 4 5.78% $4,504
BAYSHORE MORTGAGE FUNDING, LLC 4 7.06% $8,034
CMG MORTGAGE, INC. 3 6.38% $6,811
German American Bank 3 6.21% $6,530
CRESCENT MORTGAGE COMPANY 3 6.58% $4,267
AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.58% $7,314
VICTORY MORTGAGE, L.L.C. 3 5.67% $5,672
Regions Bank 3 6.58% $4,342
Wilson & Muir Bank & Trust Company 3 6.71% $4,931
ACOPIA, LLC 2 6.25% $7,370
AXIA FINANCIAL, LLC 2 6.75% $6,228
EMM LOANS LLC 2 6.56% $6,457
FBC MORTGAGE, LLC 2 4.50% $6,944
Guardian Savings Bank, A Federal Savings Bank 2 6.25% $5,874
LEADERONE FINANCIAL CORPORATION 2 7.12% $6,968
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.88% $9,776
RAPID MORTGAGE COMPANY 2 6.13% $4,505
S1L, Inc. 2 7.00% $6,732
Sierra Pacific Mortgage Company, Inc. 2 5.56% $7,842
TOWNE MORTGAGE COMPANY 2 6.81% $6,913
WesBanco 2 5.81% $6,006
Peoples Bank 1 6.63% $4,923
ISERVE RESIDENTIAL LENDING, LLC 1 6.13% $10,958
HOMESTAR FINANCIAL CORPORATION 1 6.25% $2,752
Heartland Bank 1 7.00% $5,696
PNC Bank 1 8.00% $4,832
GUARANTEED RATE, INC. 1 5.78% $6,969
GSF Mortgage Corporation 1 6.63% $7,502
Victorian Finance, LLC 1 6.63% $4,335
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.13% $5,680
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.13% $6,758
Gateway First Bank 1 6.75% $5,008
FREEDOM MORTGAGE CORPORATION 1 7.25% $5,505
Forcht Bank 1 6.50% $3,706
ROSS MORTGAGE CORPORATION 1 6.63% $6,279
FLAT BRANCH MORTGAGE, INC. 1 5.75% $5,847
VILLAGE CAPITAL MORTGAGE 1 5.88% $7,286
Waterstone Mortgage Corporation 1 5.63% $6,772
Flanagan State Bank 1 7.13% $6,862
SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.63% $2,237
First Financial Bank 1 5.88% $8,285
FirstBank 1 6.50% $5,905
FAIR WAY LENDING LLC 1 6.88% $5,893
SUN WEST MORTGAGE COMPANY, INC. 1 7.50% $4,951
T2 FINANCIAL LLC 1 7.13% $6,558
THE MORTGAGE WAREHOUSE,LLC 1 6.25% $5,913
EQUITY RESOURCES, INC. 1 6.99% $5,001
Community Mortgage Banc Corporation 1 6.25% $4,248
AMCAP MORTGAGE, LTD. 1 7.13% $5,976
Centennial Bank 1 7.13% $7,217
CapStar Bank 1 6.38% $4,270
CALIBER HOME LOANS, INC. 1 7.25% $5,685
United Bank 1 6.00% $4,384
ASHLAND Credit Union 1 5.63% $5,395
Armed Forces Bank 1 6.00% $4,589
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.00% $7,444
NATIONS RELIABLE LENDING, LLC 1 7.75% $8,389
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $11,211
LOANDEPOT.COM, LLC 1 7.13% $5,142
NORWICH COMMERCIAL GROUP, INC. 1 7.25% $4,149
KELLER MORTGAGE, LLC 1 5.25% $5,131

The top Kentucky USDA lender as defined by loan originations is STOCKTON MORTGAGE CORPORATION, with 148 USDA loans originated. Their average total fees are $7,421, which is $1,062 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Kentucky USDA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($2,254), RUOFF MORTGAGE COMPANY, INC. ($3,939), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($4,465), EVERETT FINANCIAL, INC. ($4,620) and Paramount Residential Mortgage Group, Inc. ($4,707).

The lowest rate Kentucky USDA lenders (with over 10 loans originated) are Northpointe Bank (6.23%), GENEVA FINANCIAL, LLC (6.25%), GERSHMAN INVESTMENT CORP. (6.29%), Plains Commerce Bank (6.33%) and EVANSVILLE TEACHERS (6.35%).