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 0.07% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.23% and one month ago for the week of 2024-10-11, the average rate was 6.09%.

    The average rate one year ago was 7.52%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.09%.

    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%).