Kentucky USDA Loan Rates, Closing Costs & Stats

Kentucky

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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.

    Kentucky USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Kentucky averaged 6.44% for the week of 2023-12-01, compared to the national average (all USDA variants) of 6.997% for the same period.

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

    The average rate for the prior week (2023-11-24) was 6.75% and one month ago for the week of 2023-10-27, the average rate was 7.1%.

    The average rate one year ago was 6.22%.

    For refis of the same type during the week of 2023-12-01, the average rate was 5.84%.

    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 11 4.28% $4,204
    PENNYMAC LOAN SERVICES, LLC 10 3.17% $5,226
    WesBanco 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 (4.06%) and CRESCENT MORTGAGE COMPANY (4.21%).