Fort Leonard Wood USDA Loan Rates, Closing Costs & Stats
Fort Leonard Wood, 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.
Fort Leonard Wood's 14 lenders originated 42 USDA loans during 2023. The total origination value was $6,670,000, with an average USDA loan value of $158,810.
Fort Leonard Wood USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Fort Leonard Wood
averaged
6.27%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
Fort Leonard Wood's average USDA mortgage closing costs are $3,889.
The average rate for the prior week (2024-11-01) was
6.24% and
one month ago for the week of 2024-10-04, the
average rate was 5.76%.
The average rate one year ago was 7.1%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.48%.
Fort Leonard Wood 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 Fort Leonard Wood level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| FLAT BRANCH MORTGAGE, INC. | 17 | 6.91% | $5,018 |
| DAS Acquisition Company, LLC | 7 | 6.79% | $3,941 |
| GUILD MORTGAGE COMPANY | 5 | 6.93% | $5,530 |
| The Central Trust Bank | 2 | 6.56% | $4,958 |
| FIRST INTEGRITY MORTGAGE SERVICES, INC. | 1 | 7.63% | $5,844 |
| Great Southern Bank | 1 | 5.75% | $4,938 |
| GUARANTEED RATE, INC. | 1 | 7.75% | $5,556 |
| LOANDEPOT.COM, LLC | 1 | 6.25% | $9,242 |
| Midwest Mortgage Associates Corporation | 1 | 6.63% | $2,971 |
| AMERICAN FINANCIAL RESOURCES, INC. | 1 | 6.00% | $6,454 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.75% | $4,925 |
| Barrington Bank & Trust Company, N.A. | 1 | 7.75% | $8,500 |
| BROKER SOLUTIONS, INC. | 1 | 7.63% | $7,911 |
| CARDINAL FINANCIAL | 1 | 7.25% | $5,623 |
The top Fort Leonard Wood USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
17 USDA loans originated. Their average total fees are
$5,018, which is $1,077
higher than the next largest lender,
DAS Acquisition Company, LLC.
The lowest fee Fort Leonard Wood USDA lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. ($5,018), .
The lowest rate Fort Leonard Wood USDA lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. (6.91%), .