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 0.07% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

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

The average rate for the prior week (2024-11-22) was 6.57% and one month ago for the week of 2024-10-25, the average rate was 6.47%.

The average rate one year ago was 6.97%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.2%.

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 $160,000 (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
2024-04-01 $267,250 (-1.9%) $339,299 (3.2%) 0.00 176
2024-05-01 $268,450 (-7.3%) $330,034 (-1.7%) 0.00 207
2024-06-01 $269,900 (8.0%) $324,656 (1.7%) 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 (4.1%) $313,447 (-6.5%) 0.00 237
Cape Girardeau's median listing price for 2024-10-01 was $272,000, a difference of $10,825 (4.1%) versus the prior year and $-6,000 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 2024-10-01 was $313,447, a difference of $-21,707 (-6.5%) versus the prior year and $-12,047 versus the prior month.

For the 2024-10-01 period, Cape Girardeau had 237 MLS listings, a difference of 3 listings (1%) versus the prior month and 57 listings (32%) 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
2024-04-01 0 days 1,799 sqft
2024-05-01 0 days 1,916 sqft
2024-06-01 0 days 2,052 sqft
2024-07-01 0 days 1,879 sqft
2024-08-01 0 days 1,801 sqft
2024-09-01 0 days 1,790 sqft
2024-10-01 0 days 1,748 sqft
Cape Girardeau's median listing age (time on market) for 2024-10-01 was 0 days.

Cape Girardeau's median square footage for active listings during the 2024-10-01 period was 1,748 sqft. One year prior, the average listing was 1,833 sqft.