Jefferson City USDA Loan Rates, Closing Costs & Stats

JEFFERSON CITY, 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.

Jefferson City's 14 lenders originated 60 USDA loans during 2023. The total origination value was $10,100,000, with an average USDA loan value of $168,333.

Jefferson City USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Jefferson City averaged 6.71% for the week of 2024-06-07, compared to the national average (all USDA variants) of 6.699% for the same period.

Jefferson City's average USDA mortgage closing costs are $3,963.

The average rate for the prior week (2024-05-31) was 6.89% and one month ago for the week of 2024-05-03, the average rate was 7.18%.

The average rate one year ago was 6.88%.

For refis of the same type during the week of 2024-06-07, the average rate was 6.55%.

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

Jefferson City 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 Jefferson City level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
FLAT BRANCH MORTGAGE, INC. 26 7.12% $5,106
The Central Trust Bank 9 6.35% $4,180
DAS Acquisition Company, LLC 5 7.15% $8,148
UNITED WHOLESALE MORTGAGE, LLC 4 6.53% $5,594
GERSHMAN INVESTMENT CORP. 2 7.19% $3,476
GUILD MORTGAGE COMPANY 2 6.63% $5,312
PLANET HOME LENDING, LLC 1 6.75% $5,104
TOWNE MORTGAGE COMPANY 1 8.25% $3,462
Hawthorn Bank 1 5.49% $3,843
Carrington Mortgage Services, LLC 1 6.63% $7,125
Gateway First Bank 1 6.75% $1,846
Bell Bank 1 7.75% $5,494
Mid-Continent Funding, Inc. 1 6.50% $7,154
Midwest Mortgage Associates Corporation 1 6.75% $2,342

The top Jefferson City USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 26 USDA loans originated. Their average total fees are $5,106, which is $925 higher than the next largest lender, The Central Trust Bank.

The lowest fee Jefferson City USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($5,106), .

The lowest rate Jefferson City USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (7.12%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Jefferson City (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 $146,700 (14.2%) $187,716 (11.7%) 0.54 387
2018-02-01 $151,950 (17.0%) $195,670 (17.1%) 0.55 379
2018-03-01 $149,900 (15.4%) $199,251 (17.9%) 0.53 394
2018-04-01 $170,700 (22.0%) $211,671 (15.3%) 0.58 407
2018-05-01 $174,900 (20.7%) $216,452 (14.6%) 0.58 413
2018-06-01 $179,900 (24.2%) $224,786 (19.2%) 0.60 415
2018-07-01 $179,450 (23.8%) $216,911 (14.3%) 0.60 434
2018-08-01 $177,475 (22.5%) $206,792 (10.2%) 0.59 476
2018-09-01 $175,000 (20.7%) $204,027 (7.3%) 0.59 481
2018-10-01 $166,175 (15.8%) $197,231 (6.5%) 0.56 480
2018-11-01 $168,200 (16.0%) $196,723 (6.7%) 0.57 460
2018-12-01 $164,950 (12.8%) $195,750 (3.7%) 0.57 446
2019-01-01 $166,200 (13.3%) $195,113 (3.9%) 0.57 406
2019-02-01 $154,425 (1.6%) $188,022 (-3.9%) 0.52 412
2019-03-01 $160,079 (6.8%) $192,838 (-3.2%) 0.52 389
2019-04-01 $168,875 (-1.1%) $197,758 (-6.6%) 0.54 384
2019-05-01 $169,450 (-3.1%) $207,046 (-4.4%) 0.53 402
2019-06-01 $177,000 (-1.6%) $214,867 (-4.4%) 0.55 423
2019-07-01 $177,350 (-1.2%) $218,750 (0.9%) 0.56 408
2019-08-01 $175,965 (-0.9%) $217,556 (5.2%) 0.56 407
2019-09-01 $177,414 (1.4%) $216,403 (6.1%) 0.57 407
2019-10-01 $176,559 (6.3%) $212,795 (7.9%) 0.57 406
2019-11-01 $179,900 (7.0%) $213,777 (8.7%) 0.59 393
2019-12-01 $179,950 (9.1%) $214,696 (9.7%) 0.60 361
2020-01-01 $173,250 (4.2%) $216,034 (10.7%) 0.58 345
2020-02-01 $177,000 (14.6%) $227,371 (20.9%) 0.58 331
2020-03-01 $185,500 (15.9%) $236,500 (22.6%) 0.58 301
2020-04-01 $196,970 (16.6%) $234,636 (18.7%) 0.62 285
2020-05-01 $210,000 (23.9%) $245,667 (18.7%) 0.64 250
2020-06-01 $213,700 (20.7%) $248,132 (15.5%) 0.63 249
2020-07-01 $207,400 (16.9%) $247,150 (13.0%) 0.60 213
2020-08-01 $204,900 (16.4%) $245,885 (13.0%) 0.59 189
2020-09-01 $199,800 (12.6%) $238,638 (10.3%) 0.57 183
2020-10-01 $179,700 (1.8%) $231,733 (8.9%) 0.51 169
2020-11-01 $183,725 (2.1%) $240,167 (12.3%) 0.54 166
2020-12-01 $178,700 (-0.7%) $234,803 (9.4%) 0.53 173
2021-01-01 $178,700 (3.2%) $232,148 (7.5%) 0.53 142
2021-02-01 $180,833 (2.2%) $233,710 (2.8%) 0.53 105
2021-03-01 $196,175 (5.8%) $247,269 (4.6%) 0.56 85
2021-04-01 $212,450 (7.9%) $261,799 (11.6%) 0.58 96
2021-05-01 $182,400 (-13.1%) $251,898 (2.5%) 0.48 97
2021-06-01 $199,900 (-6.5%) $263,888 (6.4%) 0.53 111
2021-07-01 $193,900 (-6.5%) $253,255 (2.5%) 0.51 130
2021-08-01 $199,050 (-2.9%) $264,330 (7.5%) 0.53 143
2021-09-01 $218,575 (9.4%) $271,787 (13.9%) 0.58 154
2021-10-01 $199,900 (11.2%) $259,303 (11.9%) 0.53 153
2021-11-01 $188,350 (2.5%) $279,364 (16.3%) 0.50 148
2021-12-01 $195,000 (9.1%) $271,727 (15.7%) 0.53 144
2022-01-01 $192,000 (7.4%) $279,057 (20.2%) 0.52 119
2022-02-01 $206,450 (14.2%) $299,217 (28.0%) 0.54 112
2022-03-01 $198,950 (1.4%) $297,224 (20.2%) 0.50 102
2022-04-01 $199,500 (-6.1%) $289,557 (10.6%) 0.48 116
2022-05-01 $227,400 (24.7%) $303,709 (20.6%) 0.52 132
2022-06-01 $238,725 (19.4%) $296,505 (12.4%) 0.53 161
2022-07-01 $221,125 (14.0%) $285,367 (12.7%) 0.50 178
2022-08-01 $217,925 (9.5%) $298,331 (12.9%) 0.50 186
2022-09-01 $227,250 (4.0%) $314,161 (15.6%) 0.53 178
2022-10-01 $199,900 (0.0%) $282,806 (9.1%) 0.47 197
2022-11-01 $242,000 (28.5%) $299,514 (7.2%) 0.58 163
2022-12-01 $259,900 (33.3%) $325,852 (19.9%) 0.64 150
2023-01-01 $254,450 (32.5%) $315,270 (13.0%) 0.63 125
2023-02-01 $259,950 (25.9%) $320,178 (7.0%) 0.63 122
2023-03-01 $251,250 (26.3%) $312,207 (5.0%) 0.59 121
2023-04-01 $278,400 (39.6%) $333,228 (15.1%) 0.65 128
2023-05-01 $278,550 (22.5%) $335,999 (10.6%) 0.63 138
2023-06-01 $266,150 (11.5%) $338,133 (14.0%) 0.60 148
2023-07-01 $279,900 (26.6%) $343,852 (20.5%) 0.64 151
2023-08-01 $319,900 (46.8%) $379,804 (27.3%) 0.73 149
2023-09-01 $317,500 (39.7%) $374,110 (19.1%) 0.74 162
2023-10-01 $315,000 (57.6%) $357,981 (26.6%) 0.74 174
2023-11-01 $314,950 (30.1%) $365,182 (21.9%) 0.75 169
2023-12-01 $302,488 (16.4%) $364,517 (11.9%) 0.74 150
2024-01-01 $302,488 (18.9%) $362,646 (15.0%) 0.74 152
2024-02-01 $314,900 (21.1%) $362,458 (13.2%) 0.76 142
2024-03-01 $309,900 (23.3%) $352,238 (12.8%) 0.73 153
2024-04-01 $289,325 (3.9%) $361,009 (8.3%) 0.67 149
2024-05-01 $319,900 (14.8%) $366,486 (9.1%) 0.72 148
Jefferson City's median listing price for 2024-05-01 was $319,900, a difference of $41,350 (14.8%) versus the prior year and $30,575 versus the prior month.

Jefferson City's median listing price comes in at 72% of the national average.

Jefferson City's average listing price for 2024-05-01 was $366,486, a difference of $30,487 (9.1%) versus the prior year and $5,477 versus the prior month.

For the 2024-05-01 period, Jefferson City had 148 MLS listings, a difference of -1 listings (-1%) versus the prior month and 10 listings (7%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Jefferson City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 79 days 1,944 sqft
2018-02-01 71 days 1,977 sqft
2018-03-01 56 days 1,978 sqft
2018-04-01 50 days 2,028 sqft
2018-05-01 52 days 2,111 sqft
2018-06-01 53 days 2,118 sqft
2018-07-01 54 days 2,124 sqft
2018-08-01 58 days 2,098 sqft
2018-09-01 60 days 2,010 sqft
2018-10-01 65 days 1,983 sqft
2018-11-01 70 days 1,961 sqft
2018-12-01 78 days 1,876 sqft
2019-01-01 82 days 1,870 sqft
2019-02-01 82 days 1,810 sqft
2019-03-01 67 days 1,831 sqft
2019-04-01 51 days 1,878 sqft
2019-05-01 42 days 1,943 sqft
2019-06-01 44 days 2,021 sqft
2019-07-01 58 days 1,994 sqft
2019-08-01 57 days 1,985 sqft
2019-09-01 55 days 1,978 sqft
2019-10-01 55 days 1,949 sqft
2019-11-01 63 days 1,922 sqft
2019-12-01 74 days 1,952 sqft
2020-01-01 78 days 1,966 sqft
2020-02-01 68 days 1,986 sqft
2020-03-01 53 days 2,041 sqft
2020-04-01 64 days 2,005 sqft
2020-05-01 59 days 2,131 sqft
2020-06-01 47 days 2,016 sqft
2020-07-01 52 days 2,101 sqft
2020-08-01 40 days 2,100 sqft
2020-09-01 35 days 2,040 sqft
2020-10-01 34 days 1,874 sqft
2020-11-01 37 days 1,946 sqft
2020-12-01 36 days 1,812 sqft
2021-01-01 47 days 1,786 sqft
2021-02-01 37 days 1,774 sqft
2021-03-01 25 days 1,884 sqft
2021-04-01 16 days 2,016 sqft
2021-05-01 16 days 1,836 sqft
2021-06-01 16 days 1,919 sqft
2021-07-01 18 days 1,875 sqft
2021-08-01 19 days 1,977 sqft
2021-09-01 23 days 1,845 sqft
2021-10-01 29 days 1,748 sqft
2021-11-01 35 days 1,675 sqft
2021-12-01 45 days 1,828 sqft
2022-01-01 52 days 1,847 sqft
2022-02-01 39 days 1,810 sqft
2022-03-01 29 days 1,878 sqft
2022-04-01 22 days 1,873 sqft
2022-05-01 25 days 1,991 sqft
2022-06-01 23 days 1,770 sqft
2022-07-01 39 days 1,742 sqft
2022-08-01 35 days 1,831 sqft
2022-09-01 44 days 1,905 sqft
2022-10-01 41 days 1,728 sqft
2022-11-01 51 days 1,783 sqft
2022-12-01 64 days 1,859 sqft
2023-01-01 64 days 1,805 sqft
2023-02-01 47 days 1,848 sqft
2023-03-01 38 days 1,860 sqft
2023-04-01 27 days 1,879 sqft
2023-05-01 27 days 1,889 sqft
2023-06-01 36 days 1,862 sqft
2023-07-01 30 days 1,949 sqft
2023-08-01 37 days 2,066 sqft
2023-09-01 38 days 2,086 sqft
2023-10-01 39 days 1,988 sqft
2023-11-01 41 days 2,018 sqft
2023-12-01 56 days 2,097 sqft
2024-01-01 58 days 2,034 sqft
2024-02-01 40 days 2,049 sqft
2024-03-01 37 days 1,961 sqft
2024-04-01 33 days 1,944 sqft
2024-05-01 31 days 1,915 sqft
Jefferson City's median listing age (time on market) for 2024-05-01 was 31 days. This is 15% longer than the same period one year ago.

Jefferson City's median square footage for active listings during the 2024-05-01 period was 1,915 sqft. One year prior, the average listing was 1,889 sqft.