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 6.28% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

Kentucky's average USDA mortgage closing costs are $4,469.

The average rate for the prior week (2023-05-19) was 6.12% and one month ago for the week of 2023-04-21, the average rate was 6.23%.

The average rate one year ago was 4.85%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.37%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
STOCKTON MORTGAGE CORPORATION 218 4.95% $5,994
First Option Mortgage, LLC 124 4.80% $5,546
UNITED WHOLESALE MORTGAGE, LLC 74 5.10% $5,816
GENEVA FINANCIAL, LLC 67 5.04% $5,794
Magnolia Bank 57 4.39% $4,743
ARK-LA-TEX FINANCIAL SERVICES, LLC. 55 5.26% $3,382
EVERETT FINANCIAL, INC. 50 5.16% $3,530
HOME POINT FINANCIAL CORPORATION 50 4.43% $4,986
RUOFF MORTGAGE COMPANY, INC. 48 4.72% $2,756
PRIMARY RESIDENTIAL MORTGAGE, INC. 48 4.87% $5,634
TOP FLITE FINANCIAL, INC. 40 5.07% $7,470
MORTGAGE SUPPLIERS, INC. 40 4.77% $4,110
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 40 4.78% $6,910
U.S. Bank 39 5.03% $4,783
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 39 4.81% $5,381
Citizens Bank 39 4.32% $4,589
EVANSVILLE TEACHERS 37 4.67% $4,897
Republic State Mortgage Co. 36 4.80% $5,021
GUARANTY HOME MORTGAGE CORPORATION 35 4.23% $17,865
AMERICAN MORTGAGE SERVICE COMPANY 35 4.56% $5,019
POLARIS HOME FUNDING CORP. 34 4.97% $7,131
Century Mortgage Company DBA Century Lending Company 34 4.61% $5,708
SOUTH CENTRAL BANK, INC. 34 4.54% $4,236
UNION HOME MORTGAGE CORP. 33 4.56% $5,084
Bank of England 29 4.88% $5,812
Paramount Residential Mortgage Group, Inc. 26 5.04% $5,771
CALIBER HOME LOANS, INC. 26 4.40% $5,623
MID AMERICA MORTGAGE, INC. 26 4.88% $4,481
FINANCE OF AMERICA MORTGAGE LLC 23 4.67% $5,963
DAS Acquisition Company, LLC 22 5.39% $6,136
MOVEMENT MORTGAGE, LLC 22 4.59% $7,349
Equity Prime Mortgage LLC 21 5.99% $3,898
Northpointe Bank 21 4.56% $5,425
AMERIFIRST FINANCIAL CORPORATION 19 4.80% $6,011
Edmonton State Bank 18 5.14% $5,479
GoPrime Mortgage, Inc. 18 5.00% $6,083
Prosperity Home Mortgage, LLC 17 4.49% $5,510
Peoples Exchange Bank 17 3.98% $4,351
THRIVE MORTGAGE, LLC 17 4.46% $5,260
FIRST COMMUNITY MORTGAGE, INC. 16 5.35% $4,556
PLAZA HOME MORTGAGE, INC. 16 4.25% $4,970
CMG MORTGAGE, INC. 15 4.87% $6,010
GUARANTEED RATE, INC. 14 5.02% $5,459
German American Bank 14 4.39% $4,945
CROSSCOUNTRY MORTGAGE, LLC 14 5.38% $5,746
Truist 12 4.06% $4,792
MORTGAGE INVESTORS GROUP, INC. 12 4.58% $4,764
HOMESIDE FINANCIAL, LLC 12 5.56% $5,152
CRESCENT MORTGAGE COMPANY 12 4.21% $4,161
Sierra Pacific Mortgage Company, Inc. 11 5.49% $5,143
Central Bank & Trust Company 11 4.28% $4,204
PENNYMAC LOAN SERVICES, LLC 10 3.17% $5,226
WesBanco Bank, Inc. 10 4.06% $5,094
NATIONS RELIABLE LENDING, LLC 10 5.15% $7,554
GERSHMAN INVESTMENT CORP. 10 4.61% $4,285
AMERICAN PACIFIC MORTGAGE CORPORATION 10 4.90% $6,759
Hometown Lenders, Inc. 10 4.68% $5,545
Stock Yards Bank & Trust Company 9 4.38% $4,427
ENVOY MORTGAGE, LTD 9 4.81% $7,300
CARDINAL FINANCIAL 9 5.32% $8,694
Mortgage Research Center, LLC 9 5.69% $2,618
Plains Commerce Bank 9 6.24% $5,583
DESCO 9 5.31% $3,812
SOUTHPOINT FINANCIAL SERVICES, INC. 8 4.83% $4,456
Forcht Bank 8 4.44% $4,066
Carrington Mortgage Services, LLC 8 4.98% $5,783
Fifth Third Bank 7 5.21% $5,335
BAYSHORE MORTGAGE FUNDING, LLC 7 5.21% $6,817
Regions Bank 7 4.73% $4,185
HOMESTAR FINANCIAL CORPORATION 6 4.73% $4,320
Guardian Savings Bank, A Federal Savings Bank 6 3.90% $4,835
VICTORY MORTGAGE, L.L.C. 6 4.25% $5,701
MORTGAGE MASTERS OF INDIANA, INC. 6 5.56% $5,307
Wilson & Muir Bank & Trust Company 5 4.80% $4,498
FBC MORTGAGE, LLC 5 4.43% $8,520
Flagstar Bank, FSB 5 4.66% $4,669
LOANDEPOT.COM, LLC 5 4.28% $6,358
PRIMELENDING, A PLAINSCAPITAL COMPANY 5 5.13% $5,369
ROSS MORTGAGE CORPORATION 5 5.65% $7,450
SUCCESS MORTGAGE PARTNERS, INC. 5 5.15% $7,103
SOUTHWEST FUNDING, LP 4 5.81% $7,301
Nations Lending Corporation 4 5.50% $4,477
FREEDOM MORTGAGE CORPORATION 4 4.31% $5,965
Flanagan State Bank 4 4.56% $5,451
GVC MORTGAGE, INC. 4 5.38% $5,276
Old National Bank 3 4.71% $5,800
RAPID MORTGAGE COMPANY 3 5.25% $8,015
Heartland Bank 3 3.88% $5,347
ACOPIA, LLC 3 5.46% $6,170
Colten Mortgage, LLC 3 4.17% $6,414
First Financial Bank 2 4.50% $5,406
Renasant Bank 2 5.44% $5,846
Leaders Credit Union 2 5.38% $1,129
UNITED MORTGAGE CORP. 2 5.19% $9,097
S1L, Inc. 2 6.75% $5,644
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 4.94% $4,935
Platinum Home Mortgage Corporation 2 5.00% $5,242
HANCOCK MORTGAGE PARTNERS, LLC 2 5.94% $9,002
HAMILTON HOME LOANS, INC. 2 4.31% $5,614
Cincinnati Federal 2 3.31% $5,345
CHURCHILL MORTGAGE CORPORATION 2 3.44% $7,027
PNC Bank 2 4.81% $6,393
AMERICAN FINANCIAL RESOURCES, INC. 2 6.25% $6,508
T2 FINANCIAL LLC 2 4.88% $6,134
EUSTIS AND AMERICAN MORTGAGE COMPANY 2 3.69% $6,610
The Home Loan Expert LLC 2 4.69% $5,509
EMM LOANS LLC 2 5.31% $5,535
BROKER SOLUTIONS, INC. 2 5.50% $6,257
COMMUNITY MORTGAGE CORPORATION 1 3.88% $5,144
Commonwealth Bank and Trust Company 1 2.88% $6,015
SUN WEST MORTGAGE COMPANY, INC. 1 4.63% $4,794
SWBC MORTGAGE CORPORATION 1 5.25% $3,534
The Farmers Bank 1 2.88% $3,570
THE MORTGAGE WAREHOUSE,LLC 1 7.00% $5,334
The Park National Bank 1 2.75% $5,504
BAY EQUITY LLC 1 3.99% $5,226
TOWNE MORTGAGE COMPANY 1 6.63% $3,959
TRANSCEND 1 3.00% $5,691
Barrington Bank & Trust Company, N.A. 1 3.25% $2,880
ASHLAND Credit Union 1 6.63% $5,781
UNITED HOME LOANS, INC. 1 3.75% $6,094
Ameris Bank 1 3.63% $5,870
VAN DYK MORTGAGE CORPORATION 1 3.50% $1,535
Victorian Finance, LLC 1 3.25% $4,260
Hometown Equity Mortgage, LLC 1 3.25% $4,709
DRAPER AND KRAMER MORTGAGE CORP. 1 5.75% $4,736
Legends Bank 1 7.13% $6,209
GUARANTEED RATE AFFINITY, LLC 1 5.75% $5,192
MORIA DEVELOPMENT, INC. 1 3.63% $5,118
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 4.75% $4,811
Gateway First Bank 1 5.25% $6,842
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 4.75% $7,508
F&M Bank 1 2.88% $4,959
FLAT BRANCH MORTGAGE, INC. 1 3.38% $5,878
MUTUAL OF OMAHA MORTGAGE, INC. 1 4.75% $7,026
MYCUMORTGAGE, LLC 1 3.50% $4,647
NEWREZ LLC 1 6.75% $3,896
NFM, INC. 1 3.63% $6,553
First Savings Bank 1 7.25% $7,223
First Guaranty Mortgage Corporation 1 4.63% $5,050
PARTNERS UNITED FINANCIAL, LLC 1 3.75% $5,080
Peoples Bank 1 5.63% $4,553
First Federal Bank 1 5.25% $6,833
First Citizens National Bank 1 6.13% $4,261
PLANET HOME LENDING, LLC 1 2.88% $2,282
FirstBank 1 6.63% $6,082
FAIR WAY LENDING LLC 1 6.25% $5,498
Waterstone Mortgage Corporation 1 3.63% $6,900
INTERLINC MORTGAGE SERVICES, LLC 1 6.13% $6,898
DIRECT MORTGAGE LOANS, LLC 1 5.75% $7,825
AMCAP MORTGAGE, LTD. 1 4.13% $7,031
DHI MORTGAGE COMPANY, LTD. 1 4.75% $4,398
Shamrock Home Loans, Inc. 1 3.50% $5,327

The top Kentucky USDA lender as defined by loan originations is STOCKTON MORTGAGE CORPORATION, with 218 USDA loans originated. Their average total fees are $5,994, which is $449 higher than the next largest lender, First Option Mortgage, LLC.

The lowest fee Kentucky USDA lenders (with over 10 loans originated) are RUOFF MORTGAGE COMPANY, INC. ($2,756), ARK-LA-TEX FINANCIAL SERVICES, LLC. ($3,382), EVERETT FINANCIAL, INC. ($3,530), Equity Prime Mortgage LLC ($3,898) and MORTGAGE SUPPLIERS, INC. ($4,110).

The lowest rate Kentucky USDA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.17%), Peoples Exchange Bank (3.98%), Truist (4.06%), WesBanco Bank, Inc. (4.06%) and CRESCENT MORTGAGE COMPANY (4.21%).