Cape Girardeau USDA Loan Rates, Closing Costs & Stats
CAPE GIRARDEAU, MO-IL
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
7.03%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Cape Girardeau's average USDA mortgage closing costs are $4,133.
The average rate for the prior week (2024-04-12) was
6.88% and
one month ago for the week of 2024-03-15, the
average rate was 6.66%.
The average rate one year ago was 6.6%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.76%.
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 | $160,000 (0.7%) | $229,781 (4.3%) | 0.00 | 417 |
| 2018-02-01 | $164,950 (3.2%) | $231,423 (6.5%) | 0.00 | 418 |
| 2018-03-01 | $164,900 (3.4%) | $230,298 (1.4%) | 0.00 | 410 |
| 2018-04-01 | $164,400 (2.8%) | $234,012 (0.3%) | 0.00 | 410 |
| 2018-05-01 | $169,575 (4.1%) | $242,694 (-3.3%) | 0.00 | 406 |
| 2018-06-01 | $175,500 (4.8%) | $251,122 (-0.7%) | 0.00 | 421 |
| 2018-07-01 | $175,000 (3.9%) | $254,061 (-0.7%) | 0.00 | 454 |
| 2018-08-01 | $175,000 (9.4%) | $249,647 (1.3%) | 0.00 | 456 |
| 2018-09-01 | $169,900 (9.6%) | $247,071 (4.0%) | 0.00 | 428 |
| 2018-10-01 | $175,225 (16.9%) | $253,670 (10.1%) | 0.00 | 431 |
| 2018-11-01 | $177,125 (18.1%) | $256,025 (17.3%) | 0.00 | 430 |
| 2018-12-01 | $174,900 (9.5%) | $248,984 (12.0%) | 0.00 | 395 |
| 2019-01-01 | $169,900 (6.2%) | $245,555 (6.9%) | 0.00 | 384 |
| 2019-02-01 | $168,000 (1.9%) | $243,760 (5.3%) | 0.00 | 363 |
| 2019-03-01 | $168,529 (2.2%) | $252,647 (9.7%) | 0.00 | 358 |
| 2019-04-01 | $173,400 (5.5%) | $259,016 (10.7%) | 0.00 | 344 |
| 2019-05-01 | $189,900 (12.0%) | $271,107 (11.7%) | 0.00 | 353 |
| 2019-06-01 | $190,000 (8.3%) | $274,076 (9.1%) | 0.00 | 373 |
| 2019-07-01 | $189,500 (8.3%) | $278,855 (9.8%) | 0.00 | 364 |
| 2019-08-01 | $191,973 (9.7%) | $277,941 (11.3%) | 0.00 | 365 |
| 2019-09-01 | $196,432 (15.6%) | $276,916 (12.1%) | 0.00 | 367 |
| 2019-10-01 | $197,805 (12.9%) | $273,794 (7.9%) | 0.00 | 369 |
| 2019-11-01 | $189,900 (7.2%) | $265,470 (3.7%) | 0.00 | 365 |
| 2019-12-01 | $177,425 (1.4%) | $253,200 (1.7%) | 0.00 | 373 |
| 2020-01-01 | $169,900 (0.0%) | $266,009 (8.3%) | 0.00 | 346 |
| 2020-02-01 | $179,900 (7.1%) | $274,441 (12.6%) | 0.00 | 328 |
| 2020-03-01 | $170,425 (1.1%) | $261,498 (3.5%) | 0.00 | 320 |
| 2020-04-01 | $169,900 (-2.0%) | $264,470 (2.1%) | 0.00 | 317 |
| 2020-05-01 | $189,900 (0.0%) | $287,353 (6.0%) | 0.00 | 282 |
| 2020-06-01 | $196,700 (3.5%) | $296,600 (8.2%) | 0.00 | 268 |
| 2020-07-01 | $193,350 (2.0%) | $285,378 (2.3%) | 0.00 | 286 |
| 2020-08-01 | $179,700 (-6.4%) | $278,894 (0.3%) | 0.00 | 250 |
| 2020-09-01 | $169,700 (-13.6%) | $276,197 (-0.3%) | 0.00 | 246 |
| 2020-10-01 | $169,900 (-14.1%) | $273,219 (-0.2%) | 0.00 | 239 |
| 2020-11-01 | $154,900 (-18.4%) | $251,323 (-5.3%) | 0.00 | 232 |
| 2020-12-01 | $160,900 (-9.3%) | $257,175 (1.6%) | 0.00 | 209 |
| 2021-01-01 | $165,900 (-2.4%) | $275,648 (3.6%) | 0.00 | 178 |
| 2021-02-01 | $162,400 (-9.7%) | $284,286 (3.6%) | 0.00 | 142 |
| 2021-03-01 | $176,200 (3.4%) | $314,207 (20.2%) | 0.00 | 124 |
| 2021-04-01 | $181,400 (6.8%) | $317,751 (20.2%) | 0.00 | 130 |
| 2021-05-01 | $199,450 (5.0%) | $352,473 (22.7%) | 0.00 | 118 |
| 2021-06-01 | $202,425 (2.9%) | $355,900 (20.0%) | 0.00 | 118 |
| 2021-07-01 | $227,450 (17.6%) | $347,114 (21.6%) | 0.00 | 122 |
| 2021-08-01 | $227,875 (26.8%) | $343,516 (23.2%) | 0.00 | 123 |
| 2021-09-01 | $236,125 (39.1%) | $340,910 (23.4%) | 0.00 | 138 |
| 2021-10-01 | $234,900 (38.3%) | $345,041 (26.3%) | 0.00 | 144 |
| 2021-11-01 | $223,500 (44.3%) | $344,369 (37.0%) | 0.00 | 141 |
| 2021-12-01 | $237,225 (47.4%) | $371,005 (44.3%) | 0.00 | 107 |
| 2022-01-01 | $206,900 (24.7%) | $306,468 (11.2%) | 0.00 | 118 |
| 2022-02-01 | $172,400 (6.2%) | $279,100 (-1.8%) | 0.00 | 123 |
| 2022-03-01 | $181,450 (3.0%) | $271,982 (-13.4%) | 0.00 | 118 |
| 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 | $238,950 (18.0%) | $327,415 (-8.0%) | 0.00 | 146 |
| 2022-07-01 | $249,900 (9.9%) | $340,755 (-1.8%) | 0.00 | 153 |
| 2022-08-01 | $275,000 (20.7%) | $353,686 (3.0%) | 0.00 | 146 |
| 2022-09-01 | $276,000 (16.9%) | $348,632 (2.3%) | 0.00 | 141 |
| 2022-10-01 | $269,750 (14.8%) | $338,748 (-1.8%) | 0.00 | 170 |
| 2022-11-01 | $272,475 (21.9%) | $345,769 (0.4%) | 0.00 | 178 |
| 2022-12-01 | $275,000 (15.9%) | $338,826 (-8.7%) | 0.00 | 186 |
| 2023-01-01 | $275,000 (32.9%) | $325,982 (6.4%) | 0.00 | 172 |
| 2023-02-01 | $249,925 (45.0%) | $317,567 (13.8%) | 0.00 | 152 |
| 2023-03-01 | $286,200 (57.7%) | $332,330 (22.2%) | 0.00 | 156 |
| 2023-04-01 | $272,400 (32.9%) | $328,881 (14.4%) | 0.00 | 166 |
| 2023-05-01 | $289,675 (26.7%) | $335,583 (9.5%) | 0.00 | 142 |
| 2023-06-01 | $250,000 (4.6%) | $319,175 (-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 | $261,175 (-3.2%) | $335,154 (-1.1%) | 0.00 | 180 |
| 2023-11-01 | $262,475 (-3.7%) | $332,800 (-3.8%) | 0.00 | 184 |
| 2023-12-01 | $259,900 (-5.5%) | $334,287 (-1.3%) | 0.00 | 181 |
| 2024-01-01 | $274,900 (0.0%) | $334,759 (2.7%) | 0.00 | 183 |
| 2024-02-01 | $292,000 (16.8%) | $342,205 (7.8%) | 0.00 | 168 |
| 2024-03-01 | $269,900 (-5.7%) | $326,706 (-1.7%) | 0.00 | 162 |
Cape Girardeau's median listing price comes in at 0% of the national average.
Cape Girardeau's average listing price for 2024-03-01 was $326,706, a difference of $-5,624 (-1.7%) versus the prior year and $-15,499 versus the prior month.
For the 2024-03-01 period, Cape Girardeau had 162 MLS listings, a difference of -6 listings (-4%) versus the prior month and 6 listings (4%) 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 | 1,570 sqft |
| 2019-01-01 | 0 days | 1,569 sqft |
| 2019-02-01 | 0 days | 1,583 sqft |
| 2019-03-01 | 0 days | 1,567 sqft |
| 2019-04-01 | 0 days | 1,586 sqft |
| 2019-05-01 | 0 days | 1,625 sqft |
| 2019-06-01 | 0 days | 1,610 sqft |
| 2019-07-01 | 0 days | 1,615 sqft |
| 2019-08-01 | 0 days | 1,632 sqft |
| 2019-09-01 | 0 days | 1,650 sqft |
| 2019-10-01 | 0 days | 1,656 sqft |
| 2019-11-01 | 0 days | 1,639 sqft |
| 2019-12-01 | 0 days | 1,604 sqft |
| 2020-01-01 | 0 days | 1,554 sqft |
| 2020-02-01 | 0 days | 1,636 sqft |
| 2020-03-01 | 0 days | 1,783 sqft |
| 2020-04-01 | 0 days | 1,791 sqft |
| 2020-05-01 | 0 days | 1,900 sqft |
| 2020-06-01 | 0 days | 1,978 sqft |
| 2020-07-01 | 0 days | 1,955 sqft |
| 2020-08-01 | 0 days | 1,863 sqft |
| 2020-09-01 | 0 days | 1,798 sqft |
| 2020-10-01 | 0 days | 1,882 sqft |
| 2020-11-01 | 0 days | 1,841 sqft |
| 2020-12-01 | 0 days | 1,707 sqft |
| 2021-01-01 | 0 days | 1,750 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 | 2,080 sqft |
| 2021-08-01 | 0 days | 2,042 sqft |
| 2021-09-01 | 0 days | 2,002 sqft |
| 2021-10-01 | 0 days | 1,943 sqft |
| 2021-11-01 | 0 days | 1,861 sqft |
| 2021-12-01 | 0 days | 1,787 sqft |
| 2022-01-01 | 0 days | 1,700 sqft |
| 2022-02-01 | 0 days | 1,625 sqft |
| 2022-03-01 | 0 days | 1,657 sqft |
| 2022-04-01 | 0 days | 1,728 sqft |
| 2022-05-01 | 0 days | 1,778 sqft |
| 2022-06-01 | 0 days | 1,846 sqft |
| 2022-07-01 | 0 days | 1,907 sqft |
| 2022-08-01 | 0 days | 2,012 sqft |
| 2022-09-01 | 0 days | 1,978 sqft |
| 2022-10-01 | 0 days | 1,904 sqft |
| 2022-11-01 | 0 days | 1,853 sqft |
| 2022-12-01 | 0 days | 1,792 sqft |
| 2023-01-01 | 0 days | 1,759 sqft |
| 2023-02-01 | 0 days | 1,730 sqft |
| 2023-03-01 | 0 days | 1,805 sqft |
| 2023-04-01 | 0 days | 1,835 sqft |
| 2023-05-01 | 0 days | 1,894 sqft |
| 2023-06-01 | 0 days | 1,909 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 | 1,833 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 |
Cape Girardeau's median square footage for active listings during the 2024-03-01 period was 1,850 sqft. One year prior, the average listing was 1,805 sqft.