Hannibal USDA Loan Rates, Closing Costs & Stats

Hannibal, MO

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Hannibal's 5 lenders originated 30 USDA loans during 2023. The total origination value was $4,100,000, with an average USDA loan value of $136,667.

    Hannibal USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Hannibal averaged 6.4% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Hannibal's average USDA mortgage closing costs are $3,490.

    The average rate for the prior week (2024-12-06) was 6.53% and one month ago for the week of 2024-11-08, the average rate was 6.35%.

    The average rate one year ago was 6.82%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.2%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Hannibal 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 Hannibal level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    THOMPSON KANE & COMPANY, LLC 20 6.71% $4,619
    FLAT BRANCH MORTGAGE, INC. 6 6.54% $6,110
    U.S. Bank 2 6.44% $4,544
    LEADERONE FINANCIAL CORPORATION 1 6.75% $4,914
    United Community Bank 1 6.50% $2,472

    The top Hannibal USDA lender as defined by loan originations is THOMPSON KANE & COMPANY, LLC, with 20 USDA loans originated. Their average total fees are $4,619, which is $1,491 lower than the next largest lender, FLAT BRANCH MORTGAGE, INC..

    The lowest fee Hannibal USDA lenders (with over 10 loans originated) are THOMPSON KANE & COMPANY, LLC ($4,619), .

    The lowest rate Hannibal USDA lenders (with over 10 loans originated) are THOMPSON KANE & COMPANY, LLC (6.71%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Hannibal (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 $154,350 (18.7%) $206,925 (13.7%) 0.00 118
    2018-02-01 $158,675 (16.4%) $203,381 (11.3%) 0.00 102
    2018-03-01 $155,000 (11.4%) $209,946 (19.0%) 0.00 103
    2018-04-01 $149,900 (7.2%) $204,525 (15.3%) 0.00 104
    2018-05-01 $149,975 (8.2%) $202,220 (9.2%) 0.00 117
    2018-06-01 $141,700 (4.5%) $188,280 (5.1%) 0.00 117
    2018-07-01 $148,200 (9.8%) $192,198 (5.0%) 0.00 119
    2018-08-01 $147,750 (6.3%) $193,832 (1.3%) 0.00 119
    2018-09-01 $167,700 (15.7%) $215,105 (8.2%) 0.00 132
    2018-10-01 $151,000 (8.3%) $200,085 (1.3%) 0.00 128
    2018-11-01 $151,000 (9.1%) $197,672 (-3.5%) 0.00 129
    2018-12-01 $147,250 (5.2%) $194,388 (-6.7%) 0.00 125
    2019-01-01 $141,850 (-8.1%) $192,778 (-6.8%) 0.00 118
    2019-02-01 $150,000 (-5.5%) $200,982 (-1.2%) 0.00 108
    2019-03-01 $159,000 (2.6%) $199,235 (-5.1%) 0.00 104
    2019-04-01 $167,000 (11.4%) $196,642 (-3.9%) 0.00 98
    2019-05-01 $165,000 (10.0%) $188,367 (-6.9%) 0.00 108
    2019-06-01 $157,500 (11.2%) $187,439 (-0.5%) 0.00 112
    2019-07-01 $149,400 (0.8%) $183,968 (-4.3%) 0.00 124
    2019-08-01 $148,668 (0.6%) $188,149 (-2.9%) 0.00 118
    2019-09-01 $156,420 (-6.7%) $204,719 (-4.8%) 0.00 104
    2019-10-01 $159,114 (5.4%) $206,755 (3.3%) 0.00 95
    2019-11-01 $125,500 (-16.9%) $188,172 (-4.8%) 0.00 99
    2019-12-01 $126,600 (-14.0%) $184,108 (-5.3%) 0.00 92
    2020-01-01 $133,450 (-5.9%) $180,285 (-6.5%) 0.00 99
    2020-02-01 $155,000 (3.3%) $210,060 (4.5%) 0.00 77
    2020-03-01 $168,675 (6.1%) $216,985 (8.9%) 0.00 79
    2020-04-01 $148,250 (-11.2%) $210,274 (6.9%) 0.00 82
    2020-05-01 $154,450 (-6.4%) $209,789 (11.4%) 0.00 75
    2020-06-01 $157,725 (0.1%) $208,163 (11.1%) 0.00 63
    2020-07-01 $182,750 (22.3%) $227,680 (23.8%) 0.00 64
    2020-08-01 $169,900 (14.3%) $227,158 (20.7%) 0.00 64
    2020-09-01 $139,600 (-10.8%) $192,050 (-6.2%) 0.00 61
    2020-10-01 $142,500 (-10.4%) $191,753 (-7.3%) 0.00 58
    2020-11-01 $119,800 (-4.5%) $192,322 (2.2%) 0.00 50
    2020-12-01 $122,525 (-3.2%) $186,746 (1.4%) 0.00 46
    2021-01-01 $128,950 (-3.4%) $198,266 (10.0%) 0.00 41
    2021-02-01 $136,250 (-12.1%) $246,559 (17.4%) 0.00 42
    2021-03-01 $125,000 (-25.9%) $231,422 (6.7%) 0.00 37
    2021-04-01 $141,950 (-4.3%) $235,217 (11.9%) 0.00 37
    2021-05-01 $149,700 (-3.1%) $258,343 (23.1%) 0.00 37
    2021-06-01 $163,750 (3.8%) $305,147 (46.6%) 0.00 43
    2021-07-01 $162,400 (-11.1%) $286,645 (25.9%) 0.00 45
    2021-08-01 $162,850 (-4.2%) $283,209 (24.7%) 0.00 54
    2021-09-01 $178,375 (27.8%) $296,447 (54.4%) 0.00 46
    2021-10-01 $149,000 (4.6%) $309,284 (61.3%) 0.00 38
    2021-11-01 $143,125 (19.5%) $293,437 (52.6%) 0.00 46
    2021-12-01 $161,200 (31.6%) $268,608 (43.8%) 0.00 53
    2022-01-01 $170,000 (31.8%) $264,393 (33.4%) 0.00 49
    2022-02-01 $149,000 (9.4%) $228,452 (-7.3%) 0.00 47
    2022-03-01 $136,375 (9.1%) $227,086 (-1.9%) 0.00 42
    2022-04-01 $139,900 (-1.4%) $222,094 (-5.6%) 0.00 45
    2022-05-01 $163,725 (9.4%) $240,178 (-7.0%) 0.00 56
    2022-06-01 $193,675 (18.3%) $249,476 (-18.2%) 0.00 71
    2022-07-01 $232,000 (42.9%) $264,031 (-7.9%) 0.00 66
    2022-08-01 $178,750 (9.8%) $240,791 (-15.0%) 0.00 75
    2022-09-01 $177,250 (-0.6%) $230,937 (-22.1%) 0.00 72
    2022-10-01 $173,000 (16.1%) $224,090 (-27.6%) 0.00 69
    2022-11-01 $168,225 (17.5%) $217,361 (-25.9%) 0.00 68
    2022-12-01 $169,900 (5.4%) $226,675 (-15.6%) 0.00 59
    2023-01-01 $164,225 (-3.4%) $211,769 (-19.9%) 0.00 51
    2023-02-01 $182,450 (22.5%) $234,422 (2.6%) 0.00 47
    2023-03-01 $182,000 (33.5%) $259,337 (14.2%) 0.00 48
    2023-04-01 $180,000 (28.7%) $252,227 (13.6%) 0.00 40
    2023-05-01 $174,000 (6.3%) $264,917 (10.3%) 0.00 38
    2023-06-01 $197,250 (1.9%) $251,019 (0.6%) 0.00 41
    2023-07-01 $169,900 (-26.8%) $223,340 (-15.4%) 0.00 35
    2023-08-01 $220,750 (23.5%) $236,993 (-1.6%) 0.00 51
    2023-09-01 $210,000 (18.5%) $238,254 (3.2%) 0.00 52
    2023-10-01 $213,750 (23.6%) $242,765 (8.3%) 0.00 63
    2023-11-01 $225,000 (33.8%) $269,654 (24.1%) 0.00 69
    2023-12-01 $217,500 (28.0%) $263,877 (16.4%) 0.00 63
    2024-01-01 $219,750 (33.8%) $270,653 (27.8%) 0.00 47
    2024-02-01 $192,100 (5.3%) $258,902 (10.4%) 0.00 42
    2024-03-01 $184,950 (1.6%) $246,226 (-5.1%) 0.00 47
    2024-04-01 $192,500 (6.9%) $250,893 (-0.5%) 0.00 62
    2024-05-01 $247,500 (42.2%) $285,544 (7.8%) 0.00 65
    2024-06-01 $244,450 (23.9%) $281,973 (12.3%) 0.00 68
    2024-07-01 $223,500 (31.6%) $282,932 (26.7%) 0.00 61
    2024-08-01 $267,500 (21.2%) $316,811 (33.7%) 0.00 59
    2024-09-01 $278,475 (32.6%) $325,574 (36.7%) 0.00 77
    2024-10-01 $234,200 (9.6%) $303,548 (25.0%) 0.00 81
    2024-11-01 $240,000 (6.7%) $315,555 (17.0%) 0.00 74
    Hannibal's median listing price for 2024-11-01 was $240,000, a difference of $15,000 (6.7%) versus the prior year and $5,800 versus the prior month.

    Hannibal's median listing price comes in at 0% of the national average.

    Hannibal's average listing price for 2024-11-01 was $315,555, a difference of $45,901 (17.0%) versus the prior year and $12,007 versus the prior month.

    For the 2024-11-01 period, Hannibal had 74 MLS listings, a difference of -7 listings (-9%) versus the prior month and 5 listings (7%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Hannibal (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,487 sqft
    2018-02-01 0 days 1,608 sqft
    2018-03-01 0 days 1,500 sqft
    2018-04-01 0 days 1,474 sqft
    2018-05-01 0 days 1,494 sqft
    2018-06-01 0 days 1,500 sqft
    2018-07-01 0 days 1,486 sqft
    2018-08-01 0 days 1,565 sqft
    2018-09-01 0 days 1,590 sqft
    2018-10-01 0 days 1,701 sqft
    2018-11-01 0 days 1,610 sqft
    2018-12-01 0 days 1,584 sqft
    2019-01-01 0 days 1,592 sqft
    2019-02-01 0 days 1,551 sqft
    2019-03-01 0 days 1,571 sqft
    2019-04-01 0 days 1,598 sqft
    2019-05-01 0 days 1,568 sqft
    2019-06-01 0 days 1,530 sqft
    2019-07-01 0 days 1,487 sqft
    2019-08-01 0 days 1,515 sqft
    2019-09-01 0 days 1,614 sqft
    2019-10-01 0 days 1,679 sqft
    2019-11-01 0 days 1,606 sqft
    2019-12-01 0 days 1,640 sqft
    2020-01-01 0 days 1,601 sqft
    2020-02-01 0 days 1,761 sqft
    2020-03-01 0 days 1,982 sqft
    2020-04-01 0 days 1,977 sqft
    2020-05-01 0 days 1,960 sqft
    2020-06-01 0 days 1,812 sqft
    2020-07-01 0 days 1,900 sqft
    2020-08-01 0 days 1,716 sqft
    2020-09-01 0 days 1,660 sqft
    2020-10-01 0 days 1,623 sqft
    2020-11-01 0 days 1,454 sqft
    2020-12-01 0 days 1,721 sqft
    2021-01-01 0 days 1,764 sqft
    2021-02-01 0 days 1,756 sqft
    2021-03-01 0 days 1,524 sqft
    2021-04-01 0 days 1,513 sqft
    2021-05-01 0 days 1,652 sqft
    2021-06-01 0 days 1,623 sqft
    2021-07-01 0 days 1,792 sqft
    2021-08-01 0 days 1,846 sqft
    2021-09-01 0 days 1,865 sqft
    2021-10-01 0 days 1,650 sqft
    2021-11-01 0 days 1,552 sqft
    2021-12-01 0 days 1,687 sqft
    2022-01-01 0 days 1,725 sqft
    2022-02-01 0 days 1,509 sqft
    2022-03-01 0 days 1,589 sqft
    2022-04-01 0 days 1,548 sqft
    2022-05-01 0 days 1,658 sqft
    2022-06-01 0 days 1,832 sqft
    2022-07-01 0 days 1,920 sqft
    2022-08-01 0 days 1,833 sqft
    2022-09-01 0 days 1,881 sqft
    2022-10-01 0 days 1,611 sqft
    2022-11-01 0 days 1,791 sqft
    2022-12-01 0 days 1,800 sqft
    2023-01-01 0 days 1,658 sqft
    2023-02-01 0 days 1,835 sqft
    2023-03-01 0 days 1,909 sqft
    2023-04-01 0 days 1,980 sqft
    2023-05-01 0 days 1,975 sqft
    2023-06-01 0 days 1,909 sqft
    2023-07-01 0 days 1,847 sqft
    2023-08-01 0 days 1,830 sqft
    2023-09-01 0 days 1,730 sqft
    2023-10-01 0 days 1,760 sqft
    2023-11-01 0 days 1,757 sqft
    2023-12-01 0 days 1,655 sqft
    2024-01-01 0 days 1,580 sqft
    2024-02-01 0 days 1,435 sqft
    2024-03-01 0 days 1,425 sqft
    2024-04-01 0 days 1,424 sqft
    2024-05-01 0 days 1,497 sqft
    2024-06-01 0 days 1,762 sqft
    2024-07-01 0 days 1,786 sqft
    2024-08-01 0 days 1,850 sqft
    2024-09-01 0 days 1,812 sqft
    2024-10-01 0 days 1,795 sqft
    2024-11-01 0 days 1,778 sqft
    Hannibal's median listing age (time on market) for 2024-11-01 was 0 days.

    Hannibal's median square footage for active listings during the 2024-11-01 period was 1,778 sqft. One year prior, the average listing was 1,757 sqft.