Joplin USDA Loan Rates, Closing Costs & Stats

JOPLIN, MO

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    • 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.

    Joplin's 21 lenders originated 119 USDA loans during 2023. The total origination value was $18,285,000, with an average USDA loan value of $153,655.

    Joplin USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Joplin averaged 6.8% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

    Joplin's average USDA mortgage closing costs are $3,920.

    The average rate for the prior week (2025-02-07) was 6.76% and one month ago for the week of 2025-01-10, the average rate was 6.7%.

    The average rate one year ago was 6.5%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.8%.

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

    Joplin 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 Joplin level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 68 6.99% $5,084
    DAS Acquisition Company, LLC 9 6.75% $6,360
    Arvest Bank 7 6.79% $4,368
    GERSHMAN INVESTMENT CORP. 3 6.13% $4,355
    FirstTrust Home Loans, Inc. 3 6.25% $5,303
    Southwest Missouri Bank 3 6.54% $3,675
    First Community Bank 3 6.21% $6,916
    NEWREZ LLC 2 7.00% $5,961
    MID AMERICA MORTGAGE, INC. 2 6.88% $4,801
    TOWNE MORTGAGE COMPANY 2 6.94% $6,562
    The Central Trust Bank 1 6.88% $4,975
    UNION HOME MORTGAGE CORP. 1 7.75% $7,282
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 6.38% $4,308
    Community National Bank & Trust 1 6.25% $7,430
    Equity Prime Mortgage LLC 1 7.25% $6,216
    Gateway First Bank 1 5.75% $3,752
    HOMESIDE FINANCIAL, LLC 1 6.75% $8,183
    LEADERONE FINANCIAL CORPORATION 1 6.63% $7,411
    Midwest Mortgage Associates Corporation 1 6.88% $1,903
    Paramount Residential Mortgage Group, Inc. 1 6.63% $5,703
    PLAZA HOME MORTGAGE, INC. 1 7.25% $6,099

    The top Joplin USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 68 USDA loans originated. Their average total fees are $5,084, which is $1,276 lower than the next largest lender, DAS Acquisition Company, LLC.

    The lowest fee Joplin USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($5,084), .

    The lowest rate Joplin USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (6.99%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Joplin (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 $129,753 (18.1%) $170,883 (5.9%) 0.50 800
    2018-02-01 $129,900 (18.2%) $171,460 (5.9%) 0.50 789
    2018-03-01 $131,700 (20.8%) $174,875 (6.6%) 0.49 809
    2018-04-01 $139,883 (21.6%) $177,800 (5.5%) 0.51 823
    2018-05-01 $143,331 (18.2%) $176,615 (0.4%) 0.50 802
    2018-06-01 $140,000 (14.8%) $181,673 (2.6%) 0.50 830
    2018-07-01 $139,950 (12.0%) $180,213 (0.8%) 0.50 841
    2018-08-01 $142,874 (11.0%) $177,307 (0.2%) 0.50 999
    2018-09-01 $144,630 (12.2%) $176,629 (0.9%) 0.50 1,040
    2018-10-01 $146,175 (13.4%) $180,514 (2.8%) 0.52 982
    2018-11-01 $144,939 (12.4%) $177,596 (1.1%) 0.51 1,010
    2018-12-01 $139,900 (8.8%) $174,849 (2.5%) 0.52 959
    2019-01-01 $139,698 (7.7%) $171,228 (0.2%) 0.50 876
    2019-02-01 $140,875 (8.5%) $174,652 (1.9%) 0.51 821
    2019-03-01 $142,857 (8.5%) $178,050 (1.8%) 0.51 782
    2019-04-01 $142,807 (2.1%) $180,886 (1.7%) 0.49 750
    2019-05-01 $148,350 (3.5%) $187,064 (5.9%) 0.49 716
    2019-06-01 $143,950 (2.8%) $186,366 (2.6%) 0.47 722
    2019-07-01 $149,900 (7.1%) $185,112 (2.7%) 0.49 770
    2019-08-01 $148,700 (4.1%) $184,104 (3.8%) 0.50 765
    2019-09-01 $146,900 (1.6%) $183,403 (3.8%) 0.50 745
    2019-10-01 $147,833 (1.1%) $184,414 (2.2%) 0.51 733
    2019-11-01 $147,700 (1.9%) $185,286 (4.3%) 0.51 729
    2019-12-01 $147,253 (5.3%) $186,708 (6.8%) 0.52 714
    2020-01-01 $147,706 (5.7%) $186,878 (9.1%) 0.53 658
    2020-02-01 $142,202 (0.9%) $187,412 (7.3%) 0.51 616
    2020-03-01 $145,255 (1.7%) $188,358 (5.8%) 0.50 588
    2020-04-01 $144,300 (1.1%) $190,444 (5.3%) 0.47 616
    2020-05-01 $148,625 (0.2%) $200,294 (7.1%) 0.49 552
    2020-06-01 $154,846 (7.6%) $206,778 (11.0%) 0.49 516
    2020-07-01 $152,425 (1.7%) $212,448 (14.8%) 0.48 499
    2020-08-01 $168,000 (13.0%) $225,797 (22.7%) 0.51 421
    2020-09-01 $172,200 (17.2%) $234,918 (28.1%) 0.52 413
    2020-10-01 $155,000 (4.9%) $219,282 (18.9%) 0.49 425
    2020-11-01 $150,000 (1.6%) $222,152 (19.9%) 0.47 423
    2020-12-01 $149,500 (1.5%) $224,530 (20.3%) 0.47 411
    2021-01-01 $152,900 (3.5%) $236,874 (26.8%) 0.48 361
    2021-02-01 $158,749 (11.6%) $257,238 (37.3%) 0.50 307
    2021-03-01 $169,675 (16.8%) $257,450 (36.7%) 0.56 311
    2021-04-01 $169,038 (17.1%) $252,535 (32.6%) 0.53 306
    2021-05-01 $159,900 (7.6%) $261,126 (30.4%) 0.46 272
    2021-06-01 $156,725 (1.2%) $263,672 (27.5%) 0.47 301
    2021-07-01 $159,900 (4.9%) $241,881 (13.9%) 0.47 354
    2021-08-01 $168,500 (0.3%) $248,760 (10.2%) 0.51 375
    2021-09-01 $179,000 (4.0%) $239,375 (1.9%) 0.54 427
    2021-10-01 $170,950 (10.3%) $239,425 (9.2%) 0.55 441
    2021-11-01 $180,225 (20.2%) $248,230 (11.7%) 0.57 408
    2021-12-01 $191,075 (27.8%) $267,169 (19.0%) 0.59 335
    2022-01-01 $199,900 (30.7%) $265,372 (12.0%) 0.59 274
    2022-02-01 $208,050 (31.1%) $267,806 (4.1%) 0.60 231
    2022-03-01 $211,000 (24.4%) $278,023 (8.0%) 0.59 218
    2022-04-01 $199,450 (18.0%) $271,425 (7.5%) 0.54 273
    2022-05-01 $199,900 (25.0%) $279,539 (7.1%) 0.51 292
    2022-06-01 $193,640 (23.6%) $266,398 (1.0%) 0.46 368
    2022-07-01 $192,672 (20.5%) $259,061 (7.1%) 0.45 447
    2022-08-01 $195,547 (16.1%) $256,517 (3.1%) 0.48 449
    2022-09-01 $211,385 (18.1%) $261,245 (9.1%) 0.54 466
    2022-10-01 $211,900 (24.0%) $276,762 (15.6%) 0.53 475
    2022-11-01 $212,352 (17.8%) $276,566 (11.4%) 0.54 518
    2022-12-01 $202,495 (6.0%) $269,802 (1.0%) 0.54 481
    2023-01-01 $216,500 (8.3%) $292,161 (10.1%) 0.56 422
    2023-02-01 $223,269 (7.3%) $316,957 (18.4%) 0.57 363
    2023-03-01 $238,828 (13.2%) $333,630 (20.0%) 0.59 350
    2023-04-01 $239,900 (20.3%) $330,987 (21.9%) 0.58 374
    2023-05-01 $245,960 (23.0%) $333,483 (19.3%) 0.58 377
    2023-06-01 $250,175 (29.2%) $357,843 (34.3%) 0.59 395
    2023-07-01 $249,000 (29.2%) $335,570 (29.5%) 0.59 423
    2023-08-01 $242,000 (23.8%) $364,820 (42.2%) 0.57 456
    2023-09-01 $244,388 (15.6%) $373,192 (42.9%) 0.58 441
    2023-10-01 $249,900 (17.9%) $360,985 (30.4%) 0.59 500
    2023-11-01 $250,204 (17.8%) $371,830 (34.5%) 0.61 513
    2023-12-01 $251,000 (24.0%) $370,861 (37.5%) 0.62 512
    2024-01-01 $255,383 (18.0%) $372,169 (27.4%) 0.64 490
    2024-02-01 $252,119 (12.9%) $387,433 (22.2%) 0.61 442
    2024-03-01 $249,900 (4.6%) $398,181 (19.4%) 0.60 456
    2024-04-01 $248,086 (3.4%) $377,924 (14.2%) 0.59 472
    2024-05-01 $242,450 (-1.4%) $362,550 (8.7%) 0.58 505
    2024-06-01 $247,517 (-1.1%) $369,582 (3.3%) 0.57 485
    2024-07-01 $239,950 (-3.6%) $370,908 (10.5%) 0.59 481
    2024-08-01 $239,950 (-0.9%) $345,758 (-5.2%) 0.59 553
    2024-09-01 $240,988 (-1.4%) $359,788 (-3.6%) 0.59 592
    2024-10-01 $235,000 (-6.0%) $357,974 (-0.8%) 0.59 630
    2024-11-01 $233,617 (-6.6%) $337,201 (-9.3%) 0.58 653
    2024-12-01 $229,000 (-8.8%) $311,049 (-16.1%) 0.59 599
    2025-01-01 $228,000 (-10.7%) $293,737 (-21.1%) 0.00 547
    Joplin's median listing price for 2025-01-01 was $228,000, a difference of $-27,383 (-10.7%) versus the prior year and $-1,000 versus the prior month.

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

    Joplin's average listing price for 2025-01-01 was $293,737, a difference of $-78,432 (-21.1%) versus the prior year and $-17,312 versus the prior month.

    For the 2025-01-01 period, Joplin had 547 MLS listings, a difference of -52 listings (-9%) versus the prior month and 57 listings (12%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Joplin (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 76 days 1,742 sqft
    2018-02-01 76 days 1,730 sqft
    2018-03-01 54 days 1,747 sqft
    2018-04-01 53 days 1,777 sqft
    2018-05-01 57 days 1,802 sqft
    2018-06-01 54 days 1,820 sqft
    2018-07-01 60 days 1,820 sqft
    2018-08-01 54 days 1,786 sqft
    2018-09-01 57 days 1,763 sqft
    2018-10-01 67 days 1,800 sqft
    2018-11-01 67 days 1,800 sqft
    2018-12-01 67 days 1,783 sqft
    2019-01-01 74 days 1,751 sqft
    2019-02-01 83 days 1,772 sqft
    2019-03-01 69 days 1,764 sqft
    2019-04-01 53 days 1,747 sqft
    2019-05-01 50 days 1,791 sqft
    2019-06-01 53 days 1,761 sqft
    2019-07-01 54 days 1,786 sqft
    2019-08-01 56 days 1,792 sqft
    2019-09-01 58 days 1,781 sqft
    2019-10-01 57 days 1,784 sqft
    2019-11-01 57 days 1,791 sqft
    2019-12-01 71 days 1,791 sqft
    2020-01-01 73 days 1,797 sqft
    2020-02-01 66 days 1,792 sqft
    2020-03-01 54 days 1,768 sqft
    2020-04-01 45 days 1,762 sqft
    2020-05-01 51 days 1,780 sqft
    2020-06-01 52 days 1,831 sqft
    2020-07-01 40 days 1,814 sqft
    2020-08-01 37 days 1,850 sqft
    2020-09-01 44 days 1,935 sqft
    2020-10-01 32 days 1,820 sqft
    2020-11-01 42 days 1,786 sqft
    2020-12-01 51 days 1,780 sqft
    2021-01-01 57 days 1,837 sqft
    2021-02-01 61 days 1,888 sqft
    2021-03-01 42 days 1,911 sqft
    2021-04-01 35 days 1,789 sqft
    2021-05-01 29 days 1,780 sqft
    2021-06-01 26 days 1,730 sqft
    2021-07-01 28 days 1,684 sqft
    2021-08-01 30 days 1,755 sqft
    2021-09-01 30 days 1,723 sqft
    2021-10-01 44 days 1,750 sqft
    2021-11-01 45 days 1,770 sqft
    2021-12-01 51 days 1,750 sqft
    2022-01-01 53 days 1,851 sqft
    2022-02-01 28 days 1,892 sqft
    2022-03-01 19 days 1,797 sqft
    2022-04-01 19 days 1,734 sqft
    2022-05-01 30 days 1,744 sqft
    2022-06-01 27 days 1,704 sqft
    2022-07-01 32 days 1,726 sqft
    2022-08-01 39 days 1,666 sqft
    2022-09-01 45 days 1,749 sqft
    2022-10-01 44 days 1,750 sqft
    2022-11-01 43 days 1,721 sqft
    2022-12-01 51 days 1,685 sqft
    2023-01-01 72 days 1,703 sqft
    2023-02-01 66 days 1,755 sqft
    2023-03-01 37 days 1,764 sqft
    2023-04-01 31 days 1,760 sqft
    2023-05-01 38 days 1,782 sqft
    2023-06-01 38 days 1,880 sqft
    2023-07-01 37 days 1,800 sqft
    2023-08-01 38 days 1,797 sqft
    2023-09-01 45 days 1,822 sqft
    2023-10-01 42 days 1,828 sqft
    2023-11-01 48 days 1,823 sqft
    2023-12-01 57 days 1,800 sqft
    2024-01-01 66 days 1,786 sqft
    2024-02-01 65 days 1,779 sqft
    2024-03-01 54 days 1,764 sqft
    2024-04-01 47 days 1,742 sqft
    2024-05-01 38 days 1,734 sqft
    2024-06-01 44 days 1,800 sqft
    2024-07-01 45 days 1,816 sqft
    2024-08-01 38 days 1,794 sqft
    2024-09-01 41 days 1,761 sqft
    2024-10-01 45 days 1,763 sqft
    2024-11-01 51 days 1,752 sqft
    2024-12-01 54 days 1,714 sqft
    2025-01-01 0 days 1,697 sqft
    Joplin's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

    Joplin's median square footage for active listings during the 2025-01-01 period was 1,697 sqft. One year prior, the average listing was 1,786 sqft.