Cape Girardeau USDA Loan Rates, Closing Costs & Stats

CAPE GIRARDEAU, MO-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.

    Cape Girardeau's 15 lenders originated 40 USDA loans during 2023. The total origination value was $5,800,000, with an average USDA loan value of $145,000.

    Cape Girardeau USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Cape Girardeau averaged 6.59% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Cape Girardeau's average USDA mortgage closing costs are $4,133.

    The average rate for the prior week (2025-02-07) was 6.35% and one month ago for the week of 2025-01-10, the average rate was 6.6%.

    The average rate one year ago was 6.39%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.63%.

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

    Cape Girardeau 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 Cape Girardeau level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    GERSHMAN INVESTMENT CORP. 8 6.94% $5,105
    FLAT BRANCH MORTGAGE, INC. 7 6.82% $4,570
    DAS Acquisition Company, LLC 5 6.93% $5,002
    First State Community Bank 4 6.16% $4,284
    GUILD MORTGAGE COMPANY 2 6.88% $6,583
    Gateway First Bank 2 6.75% $4,675
    NEWREZ LLC 2 6.25% $3,870
    NP, Inc. 2 7.00% $5,667
    PLANET HOME LENDING, LLC 2 7.06% $4,072
    Mortgage Research Center, LLC 1 7.13% $1,603
    SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $5,908
    Regions Bank 1 7.25% $4,842
    Flanagan State Bank 1 6.00% $6,375
    Flagstar Bank, FSB 1 6.75% $5,100
    Midwest Mortgage Associates Corporation 1 5.63% $2,842

    The top Cape Girardeau USDA lender as defined by loan originations is GERSHMAN INVESTMENT CORP., with 8 USDA loans originated. Their average total fees are $5,105, which is $536 higher than the next largest lender, FLAT BRANCH MORTGAGE, INC..

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Cape Girardeau (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 $160,625 (1.6%) $230,251 (4.5%) 0.00 417
    2018-02-01 $164,950 (3.2%) $231,184 (6.2%) 0.00 419
    2018-03-01 $164,900 (3.4%) $230,054 (1.0%) 0.00 411
    2018-04-01 $163,400 (2.2%) $233,764 (0.3%) 0.00 411
    2018-05-01 $169,450 (4.7%) $242,427 (-3.2%) 0.00 407
    2018-06-01 $175,250 (4.6%) $250,859 (-0.8%) 0.00 422
    2018-07-01 $175,000 (4.2%) $253,801 (-0.6%) 0.00 455
    2018-08-01 $175,000 (9.4%) $249,144 (1.0%) 0.00 457
    2018-09-01 $169,900 (9.6%) $246,664 (3.8%) 0.00 429
    2018-10-01 $175,075 (16.8%) $253,242 (9.7%) 0.00 432
    2018-11-01 $176,875 (18.0%) $255,588 (16.6%) 0.00 431
    2018-12-01 $172,400 (7.9%) $248,186 (11.2%) 0.00 397
    2019-01-01 $169,900 (5.8%) $246,092 (6.9%) 0.00 387
    2019-02-01 $168,000 (1.9%) $245,748 (6.3%) 0.00 365
    2019-03-01 $168,529 (2.2%) $254,742 (10.7%) 0.00 360
    2019-04-01 $173,650 (6.3%) $261,280 (11.8%) 0.00 345
    2019-05-01 $189,950 (12.1%) $273,673 (12.9%) 0.00 354
    2019-06-01 $190,000 (8.4%) $275,609 (9.9%) 0.00 376
    2019-07-01 $190,725 (9.0%) $280,223 (10.4%) 0.00 368
    2019-08-01 $192,300 (9.9%) $278,866 (11.9%) 0.00 370
    2019-09-01 $196,575 (15.7%) $277,628 (12.6%) 0.00 372
    2019-10-01 $197,925 (13.1%) $274,361 (8.3%) 0.00 374
    2019-11-01 $189,900 (7.4%) $265,786 (4.0%) 0.00 370
    2019-12-01 $177,400 (2.9%) $253,741 (2.2%) 0.00 378
    2020-01-01 $169,900 (0.0%) $267,165 (8.6%) 0.00 348
    2020-02-01 $179,950 (7.1%) $275,575 (12.1%) 0.00 331
    2020-03-01 $169,400 (0.5%) $260,464 (2.3%) 0.00 322
    2020-04-01 $169,900 (-2.2%) $263,661 (0.9%) 0.00 320
    2020-05-01 $189,900 (0.0%) $286,100 (4.5%) 0.00 284
    2020-06-01 $196,675 (3.5%) $296,303 (7.5%) 0.00 269
    2020-07-01 $193,950 (1.7%) $286,209 (2.1%) 0.00 286
    2020-08-01 $179,900 (-6.5%) $279,206 (0.1%) 0.00 252
    2020-09-01 $169,800 (-13.6%) $276,211 (-0.5%) 0.00 248
    2020-10-01 $169,900 (-14.2%) $273,076 (-0.5%) 0.00 240
    2020-11-01 $154,925 (-18.4%) $250,957 (-5.6%) 0.00 233
    2020-12-01 $160,900 (-9.3%) $257,518 (1.5%) 0.00 209
    2021-01-01 $165,000 (-2.9%) $274,090 (2.6%) 0.00 180
    2021-02-01 $162,400 (-9.8%) $283,481 (2.9%) 0.00 142
    2021-03-01 $176,200 (4.0%) $314,207 (20.6%) 0.00 124
    2021-04-01 $181,400 (6.8%) $317,751 (20.5%) 0.00 130
    2021-05-01 $199,450 (5.0%) $352,473 (23.2%) 0.00 118
    2021-06-01 $202,425 (2.9%) $355,900 (20.1%) 0.00 117
    2021-07-01 $225,000 (16.0%) $345,959 (20.9%) 0.00 121
    2021-08-01 $226,875 (26.1%) $342,860 (22.8%) 0.00 122
    2021-09-01 $235,125 (38.5%) $340,640 (23.3%) 0.00 138
    2021-10-01 $232,450 (36.8%) $343,313 (25.7%) 0.00 145
    2021-11-01 $222,500 (43.6%) $342,680 (36.6%) 0.00 142
    2021-12-01 $236,975 (47.3%) $368,584 (43.1%) 0.00 108
    2022-01-01 $206,900 (25.4%) $305,106 (11.3%) 0.00 119
    2022-02-01 $171,175 (5.4%) $277,545 (-2.1%) 0.00 124
    2022-03-01 $180,950 (2.7%) $270,374 (-14.0%) 0.00 119
    2022-04-01 $205,000 (13.0%) $287,375 (-9.6%) 0.00 113
    2022-05-01 $228,725 (14.7%) $306,434 (-13.1%) 0.00 130
    2022-06-01 $239,725 (18.4%) $327,369 (-8.0%) 0.00 146
    2022-07-01 $249,900 (11.1%) $340,857 (-1.5%) 0.00 154
    2022-08-01 $275,000 (21.2%) $353,522 (3.1%) 0.00 146
    2022-09-01 $276,000 (17.4%) $348,632 (2.4%) 0.00 141
    2022-10-01 $274,500 (18.1%) $339,832 (-1.0%) 0.00 169
    2022-11-01 $275,000 (23.6%) $345,791 (0.9%) 0.00 179
    2022-12-01 $275,000 (16.1%) $338,879 (-8.1%) 0.00 187
    2023-01-01 $275,000 (32.9%) $326,114 (6.9%) 0.00 173
    2023-02-01 $252,400 (47.5%) $317,464 (14.4%) 0.00 153
    2023-03-01 $286,575 (58.4%) $332,068 (22.8%) 0.00 157
    2023-04-01 $272,400 (32.9%) $328,881 (14.4%) 0.00 166
    2023-05-01 $289,450 (26.6%) $335,413 (9.5%) 0.00 142
    2023-06-01 $252,500 (5.3%) $319,269 (-2.5%) 0.00 157
    2023-07-01 $269,450 (7.8%) $333,570 (-2.1%) 0.00 174
    2023-08-01 $278,750 (1.4%) $330,733 (-6.5%) 0.00 187
    2023-09-01 $265,950 (-3.6%) $329,177 (-5.6%) 0.00 190
    2023-10-01 $259,900 (-5.3%) $334,063 (-1.7%) 0.00 181
    2023-11-01 $262,475 (-4.6%) $332,800 (-3.8%) 0.00 184
    2023-12-01 $259,450 (-5.7%) $333,089 (-1.7%) 0.00 181
    2024-01-01 $274,900 (0.0%) $334,759 (2.7%) 0.00 183
    2024-02-01 $292,000 (15.7%) $342,205 (7.8%) 0.00 168
    2024-03-01 $269,900 (-5.8%) $326,706 (-1.6%) 0.00 162
    2024-04-01 $267,225 (-1.9%) $339,299 (3.2%) 0.00 176
    2024-05-01 $270,450 (-6.6%) $330,034 (-1.6%) 0.00 207
    2024-06-01 $269,900 (6.9%) $323,369 (1.3%) 0.00 231
    2024-07-01 $265,250 (-1.6%) $309,985 (-7.1%) 0.00 228
    2024-08-01 $269,450 (-3.3%) $324,205 (-2.0%) 0.00 225
    2024-09-01 $278,000 (4.5%) $325,494 (-1.1%) 0.00 234
    2024-10-01 $272,000 (4.7%) $313,447 (-6.2%) 0.00 237
    2024-11-01 $289,900 (10.5%) $322,585 (-3.1%) 0.00 247
    2024-12-01 $291,175 (12.2%) $325,464 (-2.3%) 0.00 238
    2025-01-01 $287,325 (4.5%) $319,773 (-4.5%) 0.00 222
    Cape Girardeau's median listing price for 2025-01-01 was $287,325, a difference of $12,425 (4.5%) versus the prior year and $-3,850 versus the prior month.

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

    Cape Girardeau's average listing price for 2025-01-01 was $319,773, a difference of $-14,986 (-4.5%) versus the prior year and $-5,691 versus the prior month.

    For the 2025-01-01 period, Cape Girardeau had 222 MLS listings, a difference of -16 listings (-7%) versus the prior month and 39 listings (21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Cape Girardeau (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,543 sqft
    2018-02-01 0 days 1,608 sqft
    2018-03-01 0 days 1,536 sqft
    2018-04-01 0 days 1,543 sqft
    2018-05-01 0 days 1,551 sqft
    2018-06-01 0 days 1,606 sqft
    2018-07-01 0 days 1,609 sqft
    2018-08-01 0 days 1,605 sqft
    2018-09-01 0 days 1,569 sqft
    2018-10-01 0 days 1,570 sqft
    2018-11-01 0 days 1,596 sqft
    2018-12-01 0 days 1,569 sqft
    2019-01-01 0 days 1,569 sqft
    2019-02-01 0 days 1,587 sqft
    2019-03-01 0 days 1,569 sqft
    2019-04-01 0 days 1,589 sqft
    2019-05-01 0 days 1,622 sqft
    2019-06-01 0 days 1,603 sqft
    2019-07-01 0 days 1,609 sqft
    2019-08-01 0 days 1,624 sqft
    2019-09-01 0 days 1,642 sqft
    2019-10-01 0 days 1,647 sqft
    2019-11-01 0 days 1,626 sqft
    2019-12-01 0 days 1,596 sqft
    2020-01-01 0 days 1,550 sqft
    2020-02-01 0 days 1,639 sqft
    2020-03-01 0 days 1,781 sqft
    2020-04-01 0 days 1,788 sqft
    2020-05-01 0 days 1,898 sqft
    2020-06-01 0 days 1,979 sqft
    2020-07-01 0 days 1,959 sqft
    2020-08-01 0 days 1,863 sqft
    2020-09-01 0 days 1,800 sqft
    2020-10-01 0 days 1,882 sqft
    2020-11-01 0 days 1,842 sqft
    2020-12-01 0 days 1,714 sqft
    2021-01-01 0 days 1,724 sqft
    2021-02-01 0 days 1,767 sqft
    2021-03-01 0 days 1,702 sqft
    2021-04-01 0 days 1,740 sqft
    2021-05-01 0 days 1,902 sqft
    2021-06-01 0 days 2,006 sqft
    2021-07-01 0 days 2,067 sqft
    2021-08-01 0 days 2,042 sqft
    2021-09-01 0 days 2,002 sqft
    2021-10-01 0 days 1,942 sqft
    2021-11-01 0 days 1,838 sqft
    2021-12-01 0 days 1,777 sqft
    2022-01-01 0 days 1,700 sqft
    2022-02-01 0 days 1,621 sqft
    2022-03-01 0 days 1,649 sqft
    2022-04-01 0 days 1,728 sqft
    2022-05-01 0 days 1,778 sqft
    2022-06-01 0 days 1,850 sqft
    2022-07-01 0 days 1,925 sqft
    2022-08-01 0 days 2,018 sqft
    2022-09-01 0 days 1,978 sqft
    2022-10-01 0 days 1,912 sqft
    2022-11-01 0 days 1,867 sqft
    2022-12-01 0 days 1,804 sqft
    2023-01-01 0 days 1,761 sqft
    2023-02-01 0 days 1,727 sqft
    2023-03-01 0 days 1,800 sqft
    2023-04-01 0 days 1,835 sqft
    2023-05-01 0 days 1,884 sqft
    2023-06-01 0 days 1,910 sqft
    2023-07-01 0 days 1,885 sqft
    2023-08-01 0 days 1,860 sqft
    2023-09-01 0 days 1,835 sqft
    2023-10-01 0 days 1,826 sqft
    2023-11-01 0 days 1,796 sqft
    2023-12-01 0 days 1,756 sqft
    2024-01-01 0 days 1,761 sqft
    2024-02-01 0 days 1,786 sqft
    2024-03-01 0 days 1,850 sqft
    2024-04-01 0 days 1,798 sqft
    2024-05-01 0 days 1,939 sqft
    2024-06-01 0 days 1,957 sqft
    2024-07-01 0 days 1,879 sqft
    2024-08-01 0 days 1,801 sqft
    2024-09-01 0 days 1,788 sqft
    2024-10-01 0 days 1,746 sqft
    2024-11-01 0 days 1,778 sqft
    2024-12-01 0 days 1,792 sqft
    2025-01-01 0 days 1,736 sqft
    Cape Girardeau's median listing age (time on market) for 2025-01-01 was 0 days.

    Cape Girardeau's median square footage for active listings during the 2025-01-01 period was 1,736 sqft. One year prior, the average listing was 1,761 sqft.