Cape Girardeau USDA Loan Rates, Closing Costs & Stats

CAPE GIRARDEAU, MO-IL

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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.

    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 6.57% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.6% and one month ago for the week of 2024-11-08, the average rate was 6.72%.

    The average rate one year ago was 7.09%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.1%.

    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
    2024-11-01 $289,900 (10.5%) $322,585 (-3.1%) 0.00 247
    Cape Girardeau's median listing price for 2024-11-01 was $289,900, a difference of $27,425 (10.5%) versus the prior year and $17,900 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 2024-11-01 was $322,585, a difference of $-10,215 (-3.1%) versus the prior year and $9,138 versus the prior month.

    For the 2024-11-01 period, Cape Girardeau had 247 MLS listings, a difference of 10 listings (4%) versus the prior month and 63 listings (34%) 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
    2024-11-01 0 days 1,784 sqft
    Cape Girardeau's median listing age (time on market) for 2024-11-01 was 0 days.

    Cape Girardeau's median square footage for active listings during the 2024-11-01 period was 1,784 sqft. One year prior, the average listing was 1,796 sqft.