Farmington USDA Loan Rates, Closing Costs & Stats
Farmington, MO
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.
Farmington's 16 lenders originated 128 USDA loans during 2024. The total origination value was $20,940,000, with an average USDA loan value of $163,594.
Farmington USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Farmington
averaged
0.23%
for the week of 2025-06-20, compared to the national average (all USDA variants) of
0% for the same period.
Farmington's average USDA mortgage closing costs are $4,670.
The average rate for the prior week (2025-06-13) was
6.53% and
one month ago for the week of 2025-05-16, the
average rate was 6.49%.
The average rate one year ago was 6.82%.
For refis of the same type during the week of 2025-06-20, the average rate
was -0.08%.
Farmington 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 Farmington level.
| Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| GUILD MORTGAGE COMPANY | 98 | 6.54% | $6,326 |
| First State Community Bank | 10 | 6.09% | $4,879 |
| DAS Acquisition Company, LLC | 5 | 6.35% | $5,954 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 5.45% | $8,278 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 2 | 6.81% | $6,635 |
| FAMILY FINANCE MORTGAGE, LLC | 1 | 6.88% | $5,017 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 1 | 6.25% | $9,004 |
| FLAT BRANCH MORTGAGE, INC. | 1 | 7.00% | $5,216 |
| CARDINAL FINANCIAL | 1 | 7.25% | $3,520 |
| HALLMARK HOME MORTGAGE, LLC | 1 | 7.13% | $5,371 |
| NEWREZ LLC | 1 | 6.88% | $4,987 |
| Plains Commerce Bank | 1 | 7.75% | $6,084 |
| PLANET HOME LENDING, LLC | 1 | 7.13% | $3,814 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 6.25% | $10,496 |
| Stifel Bank and Trust | 1 | 6.13% | $5,097 |
| ACCESS CAPITAL FUNDING, L.L.C. | 1 | 7.13% | $4,017 |
The top Farmington USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with
98 USDA loans originated. Their average total fees are
$6,326, which is $1,447
higher than the next largest lender,
First State Community Bank.
The lowest fee Farmington USDA lenders (with over 10 loans originated) are
First State Community Bank ($4,879), GUILD MORTGAGE COMPANY ($6,326), .
The lowest rate Farmington USDA lenders (with over 10 loans originated) are
First State Community Bank (6.09%), GUILD MORTGAGE COMPANY (6.54%), .