Hannibal USDA Loan Rates, Closing Costs & Stats

Hannibal, 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.

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 6.67% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

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

The average rate for the prior week (2024-03-15) was 6.79% and one month ago for the week of 2024-02-16, the average rate was 6.67%.

The average rate one year ago was 6.57%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.47%.

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
Hannibal's median listing price for 2024-02-01 was $192,100, a difference of $9,650 (5.3%) versus the prior year and $-27,650 versus the prior month.

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

Hannibal's average listing price for 2024-02-01 was $258,902, a difference of $24,480 (10.4%) versus the prior year and $-11,751 versus the prior month.

For the 2024-02-01 period, Hannibal had 42 MLS listings, a difference of -5 listings (-11%) versus the prior month and -5 listings (-11%) 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
Hannibal's median listing age (time on market) for 2024-02-01 was 0 days.

Hannibal's median square footage for active listings during the 2024-02-01 period was 1,435 sqft. One year prior, the average listing was 1,835 sqft.