Joplin USDA Loan Rates, Closing Costs & Stats
JOPLIN, 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.
Joplin's 25 lenders originated 284 USDA loans during 2021. The total origination value was $39,410,000, with an average USDA loan value of $138,768.
Joplin USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Joplin
averaged
6.38%
for the week of 2023-01-27, compared to the national average (all USDA variants) of
6.195% for the same period.
Joplin's average USDA mortgage closing costs are $3,662.
The average rate for the prior week (2023-01-20) was
6.27% and
one month ago for the week of 2022-12-23, the
average rate was 6.3%.
The average rate one year ago was 3.65%.
For refis of the same type during the week of 2023-01-27, the average rate
was 6.17%.
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.
The top Joplin USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
174 USDA loans originated. Their average total fees are
$3,854, which is $507
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. ($3,854), Arvest Bank ($3,885), Guaranty Bank ($3,937), DAS Acquisition Company, LLC ($4,361) and FirstTrust Home Loans, Inc. ($5,098).
The lowest rate Joplin USDA lenders (with over 10 loans originated) are
Guaranty Bank (2.64%), Arvest Bank (2.80%), FirstTrust Home Loans, Inc. (3.08%), FLAT BRANCH MORTGAGE, INC. (3.25%) and DAS Acquisition Company, LLC (3.35%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Joplin (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $135,000 (13.0%) | $182,072 (6.3%) | 0.50 | 708 |
2018-02-01 | $138,926 (14.1%) | $183,745 (5.1%) | 0.50 | 690 |
2018-03-01 | $140,000 (14.6%) | $186,937 (5.1%) | 0.49 | 715 |
2018-04-01 | $149,800 (19.0%) | $190,177 (3.5%) | 0.51 | 730 |
2018-05-01 | $149,900 (14.3%) | $188,465 (-1.5%) | 0.50 | 710 |
2018-06-01 | $149,900 (14.1%) | $193,934 (1.1%) | 0.50 | 736 |
2018-07-01 | $149,900 (9.3%) | $191,596 (0.0%) | 0.50 | 749 |
2018-08-01 | $149,900 (10.7%) | $185,822 (-1.6%) | 0.50 | 904 |
2018-09-01 | $149,873 (8.7%) | $185,615 (-0.7%) | 0.50 | 937 |
2018-10-01 | $153,475 (13.7%) | $191,085 (2.0%) | 0.52 | 882 |
2018-11-01 | $149,873 (11.0%) | $187,404 (-0.2%) | 0.51 | 905 |
2018-12-01 | $149,873 (11.1%) | $186,807 (2.6%) | 0.52 | 846 |
2019-01-01 | $146,134 (8.3%) | $184,100 (1.1%) | 0.50 | 763 |
2019-02-01 | $151,250 (8.9%) | $188,481 (2.6%) | 0.51 | 712 |
2019-03-01 | $154,929 (10.7%) | $191,612 (2.5%) | 0.51 | 678 |
2019-04-01 | $155,704 (3.9%) | $194,827 (2.4%) | 0.49 | 650 |
2019-05-01 | $157,824 (5.3%) | $197,086 (4.6%) | 0.49 | 637 |
2019-06-01 | $151,500 (1.1%) | $197,757 (2.0%) | 0.47 | 643 |
2019-07-01 | $157,250 (4.9%) | $195,682 (2.1%) | 0.49 | 681 |
2019-08-01 | $156,782 (4.6%) | $194,299 (4.6%) | 0.50 | 673 |
2019-09-01 | $155,555 (3.8%) | $193,777 (4.4%) | 0.50 | 654 |
2019-10-01 | $156,936 (2.3%) | $194,488 (1.8%) | 0.51 | 644 |
2019-11-01 | $154,600 (3.2%) | $193,828 (3.4%) | 0.51 | 649 |
2019-12-01 | $154,900 (3.4%) | $196,329 (5.1%) | 0.52 | 631 |
2020-01-01 | $157,125 (7.5%) | $196,667 (6.8%) | 0.53 | 577 |
2020-02-01 | $154,900 (2.4%) | $198,398 (5.3%) | 0.51 | 534 |
2020-03-01 | $159,617 (3.0%) | $201,417 (5.1%) | 0.50 | 510 |
2020-04-01 | $150,498 (-3.3%) | $202,260 (3.8%) | 0.47 | 539 |
2020-05-01 | $159,900 (1.3%) | $210,742 (6.9%) | 0.49 | 487 |
2020-06-01 | $165,000 (8.9%) | $216,790 (9.6%) | 0.49 | 462 |
2020-07-01 | $165,423 (5.2%) | $225,267 (15.1%) | 0.48 | 433 |
2020-08-01 | $179,103 (14.2%) | $241,008 (24.0%) | 0.51 | 368 |
2020-09-01 | $182,312 (17.2%) | $249,850 (28.9%) | 0.52 | 364 |
2020-10-01 | $169,900 (8.3%) | $232,600 (19.6%) | 0.49 | 381 |
2020-11-01 | $159,900 (3.4%) | $235,570 (21.5%) | 0.47 | 382 |
2020-12-01 | $158,575 (2.4%) | $238,152 (21.3%) | 0.47 | 371 |
2021-01-01 | $160,500 (2.2%) | $251,818 (28.0%) | 0.48 | 323 |
2021-02-01 | $171,500 (10.7%) | $277,021 (39.6%) | 0.50 | 271 |
2021-03-01 | $194,950 (22.1%) | $278,522 (38.3%) | 0.55 | 272 |
2021-04-01 | $194,700 (29.4%) | $272,869 (34.9%) | 0.53 | 270 |
2021-05-01 | $172,400 (7.8%) | $282,986 (34.3%) | 0.46 | 235 |
2021-06-01 | $178,750 (8.3%) | $290,089 (33.8%) | 0.47 | 256 |
2021-07-01 | $179,900 (8.8%) | $264,030 (17.2%) | 0.47 | 303 |
2021-08-01 | $192,100 (7.3%) | $269,153 (11.7%) | 0.51 | 327 |
2021-09-01 | $200,957 (10.2%) | $256,520 (2.7%) | 0.54 | 371 |
2021-10-01 | $205,800 (21.1%) | $256,956 (10.5%) | 0.55 | 381 |
2021-11-01 | $211,250 (32.1%) | $269,071 (14.2%) | 0.56 | 351 |
2021-12-01 | $216,500 (36.5%) | $287,628 (20.8%) | 0.59 | 291 |
2022-01-01 | $219,925 (37.0%) | $290,379 (15.3%) | 0.59 | 233 |
2022-02-01 | $228,675 (33.3%) | $289,206 (4.4%) | 0.59 | 199 |
2022-03-01 | $232,500 (19.3%) | $301,498 (8.3%) | 0.58 | 190 |
2022-04-01 | $224,900 (15.5%) | $290,608 (6.5%) | 0.54 | 242 |
2022-05-01 | $221,950 (28.7%) | $297,854 (5.3%) | 0.51 | 258 |
2022-06-01 | $207,500 (16.1%) | $281,740 (-2.9%) | 0.46 | 333 |
2022-07-01 | $199,950 (11.2%) | $271,378 (2.8%) | 0.45 | 405 |
2022-08-01 | $207,450 (8.0%) | $267,440 (-0.6%) | 0.48 | 405 |
2022-09-01 | $229,225 (14.1%) | $272,140 (6.1%) | 0.54 | 414 |
2022-10-01 | $222,000 (7.9%) | $291,001 (13.3%) | 0.52 | 428 |
2022-11-01 | $224,768 (6.4%) | $292,594 (8.7%) | 0.54 | 466 |
2022-12-01 | $209,000 (-3.5%) | $274,706 (-4.5%) | 0.52 | 461 |
Joplin's median listing price comes in at 52% of the national average.
Joplin's average listing price for 2022-12-01 was $274,706, a difference of $-12,922 (-4.5%) versus the prior year and $-17,888 versus the prior month.
For the 2022-12-01 period, Joplin had 461 MLS listings, a difference of -5 listings (-1%) versus the prior month and 170 listings (58%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Joplin (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 79 days | 1,787 sqft |
2018-02-01 | 79 days | 1,771 sqft |
2018-03-01 | 58 days | 1,785 sqft |
2018-04-01 | 57 days | 1,824 sqft |
2018-05-01 | 59 days | 1,843 sqft |
2018-06-01 | 58 days | 1,860 sqft |
2018-07-01 | 63 days | 1,878 sqft |
2018-08-01 | 58 days | 1,827 sqft |
2018-09-01 | 58 days | 1,804 sqft |
2018-10-01 | 69 days | 1,859 sqft |
2018-11-01 | 71 days | 1,850 sqft |
2018-12-01 | 72 days | 1,822 sqft |
2019-01-01 | 76 days | 1,796 sqft |
2019-02-01 | 87 days | 1,811 sqft |
2019-03-01 | 74 days | 1,797 sqft |
2019-04-01 | 56 days | 1,785 sqft |
2019-05-01 | 52 days | 1,836 sqft |
2019-06-01 | 54 days | 1,812 sqft |
2019-07-01 | 57 days | 1,833 sqft |
2019-08-01 | 57 days | 1,832 sqft |
2019-09-01 | 61 days | 1,814 sqft |
2019-10-01 | 61 days | 1,809 sqft |
2019-11-01 | 59 days | 1,809 sqft |
2019-12-01 | 75 days | 1,812 sqft |
2020-01-01 | 78 days | 1,824 sqft |
2020-02-01 | 74 days | 1,819 sqft |
2020-03-01 | 59 days | 1,807 sqft |
2020-04-01 | 50 days | 1,789 sqft |
2020-05-01 | 53 days | 1,800 sqft |
2020-06-01 | 59 days | 1,865 sqft |
2020-07-01 | 46 days | 1,854 sqft |
2020-08-01 | 40 days | 1,934 sqft |
2020-09-01 | 45 days | 1,995 sqft |
2020-10-01 | 33 days | 1,874 sqft |
2020-11-01 | 45 days | 1,837 sqft |
2020-12-01 | 53 days | 1,839 sqft |
2021-01-01 | 58 days | 1,921 sqft |
2021-02-01 | 64 days | 1,964 sqft |
2021-03-01 | 47 days | 1,982 sqft |
2021-04-01 | 37 days | 1,889 sqft |
2021-05-01 | 29 days | 1,904 sqft |
2021-06-01 | 28 days | 1,890 sqft |
2021-07-01 | 29 days | 1,786 sqft |
2021-08-01 | 31 days | 1,840 sqft |
2021-09-01 | 30 days | 1,806 sqft |
2021-10-01 | 45 days | 1,885 sqft |
2021-11-01 | 47 days | 1,868 sqft |
2021-12-01 | 52 days | 1,846 sqft |
2022-01-01 | 54 days | 1,950 sqft |
2022-02-01 | 30 days | 1,948 sqft |
2022-03-01 | 21 days | 1,807 sqft |
2022-04-01 | 21 days | 1,750 sqft |
2022-05-01 | 31 days | 1,750 sqft |
2022-06-01 | 27 days | 1,741 sqft |
2022-07-01 | 32 days | 1,741 sqft |
2022-08-01 | 39 days | 1,698 sqft |
2022-09-01 | 45 days | 1,751 sqft |
2022-10-01 | 45 days | 1,760 sqft |
2022-11-01 | 43 days | 1,750 sqft |
2022-12-01 | 54 days | 1,700 sqft |
Joplin's median square footage for active listings during the 2022-12-01 period was 1,700 sqft. One year prior, the average listing was 1,846 sqft.