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 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 6.75% for the week of 2024-07-12, compared to the national average (all USDA variants) of 6.672% for the same period.

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

The average rate for the prior week (2024-07-05) was 6.71% and one month ago for the week of 2024-06-07, the average rate was 6.98%.

The average rate one year ago was 6.76%.

For refis of the same type during the week of 2024-07-12, the average rate was 6.55%.

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 $135,000 (13.1%) $182,212 (6.4%) 0.50 707
2018-02-01 $138,926 (14.4%) $183,818 (5.1%) 0.50 690
2018-03-01 $139,989 (14.6%) $186,819 (5.1%) 0.49 715
2018-04-01 $149,800 (19.0%) $190,208 (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 (1.9%) 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 (2.5%) 0.52 846
2019-01-01 $146,034 (8.2%) $183,982 (1.0%) 0.50 762
2019-02-01 $151,125 (8.8%) $188,236 (2.4%) 0.51 711
2019-03-01 $154,900 (10.7%) $191,354 (2.4%) 0.51 677
2019-04-01 $155,700 (3.9%) $194,558 (2.3%) 0.49 648
2019-05-01 $157,474 (5.1%) $196,822 (4.4%) 0.49 634
2019-06-01 $150,000 (0.1%) $197,295 (1.7%) 0.47 638
2019-07-01 $156,525 (4.4%) $195,627 (2.1%) 0.49 676
2019-08-01 $156,782 (4.6%) $194,111 (4.5%) 0.50 668
2019-09-01 $155,555 (3.8%) $193,290 (4.1%) 0.50 650
2019-10-01 $156,936 (2.3%) $193,807 (1.4%) 0.51 640
2019-11-01 $154,600 (3.2%) $193,869 (3.5%) 0.51 645
2019-12-01 $154,950 (3.4%) $196,519 (5.2%) 0.52 628
2020-01-01 $157,500 (7.9%) $196,870 (7.0%) 0.53 574
2020-02-01 $154,900 (2.5%) $198,448 (5.4%) 0.51 530
2020-03-01 $159,842 (3.2%) $201,673 (5.4%) 0.50 507
2020-04-01 $151,000 (-3.0%) $202,502 (4.1%) 0.47 536
2020-05-01 $159,900 (1.5%) $210,739 (7.1%) 0.49 483
2020-06-01 $165,000 (10.0%) $217,156 (10.1%) 0.49 459
2020-07-01 $166,163 (6.2%) $225,705 (15.4%) 0.48 430
2020-08-01 $179,602 (14.6%) $242,244 (24.8%) 0.51 364
2020-09-01 $182,400 (17.3%) $251,225 (30.0%) 0.52 360
2020-10-01 $169,900 (8.3%) $233,206 (20.3%) 0.49 378
2020-11-01 $159,900 (3.4%) $236,202 (21.8%) 0.47 379
2020-12-01 $158,700 (2.4%) $238,826 (21.5%) 0.47 368
2021-01-01 $160,700 (2.0%) $252,718 (28.4%) 0.48 320
2021-02-01 $172,475 (11.4%) $278,370 (40.3%) 0.50 268
2021-03-01 $195,975 (22.6%) $279,884 (38.8%) 0.56 269
2021-04-01 $196,950 (30.4%) $274,177 (35.4%) 0.53 267
2021-05-01 $174,900 (9.4%) $284,555 (35.0%) 0.46 232
2021-06-01 $179,100 (8.6%) $291,694 (34.3%) 0.47 253
2021-07-01 $179,900 (8.3%) $265,103 (17.5%) 0.47 300
2021-08-01 $192,200 (7.0%) $270,187 (11.5%) 0.51 323
2021-09-01 $202,229 (10.9%) $257,326 (2.4%) 0.54 368
2021-10-01 $207,000 (21.8%) $257,773 (10.5%) 0.55 378
2021-11-01 $213,075 (33.3%) $270,053 (14.3%) 0.57 348
2021-12-01 $216,975 (36.7%) $289,033 (21.0%) 0.59 288
2022-01-01 $219,950 (36.9%) $290,009 (14.8%) 0.59 230
2022-02-01 $229,925 (33.3%) $291,274 (4.6%) 0.60 196
2022-03-01 $234,750 (19.8%) $303,826 (8.6%) 0.59 187
2022-04-01 $224,900 (14.2%) $292,363 (6.6%) 0.54 239
2022-05-01 $222,225 (27.1%) $299,561 (5.3%) 0.51 255
2022-06-01 $207,500 (15.9%) $282,939 (-3.0%) 0.46 330
2022-07-01 $200,975 (11.7%) $272,227 (2.7%) 0.45 402
2022-08-01 $207,950 (8.2%) $268,259 (-0.7%) 0.48 402
2022-09-01 $229,675 (13.6%) $272,985 (6.1%) 0.54 411
2022-10-01 $224,000 (8.2%) $291,967 (13.3%) 0.53 425
2022-11-01 $224,806 (5.5%) $293,466 (8.7%) 0.54 463
2022-12-01 $219,950 (1.4%) $285,879 (-1.1%) 0.54 431
2023-01-01 $227,272 (3.3%) $313,870 (8.2%) 0.56 371
2023-02-01 $236,705 (3.0%) $339,502 (16.6%) 0.57 321
2023-03-01 $249,901 (6.5%) $354,355 (16.6%) 0.59 319
2023-04-01 $249,950 (11.1%) $352,191 (20.5%) 0.58 339
2023-05-01 $253,597 (14.1%) $356,556 (19.0%) 0.58 335
2023-06-01 $262,000 (26.3%) $383,192 (35.4%) 0.59 351
2023-07-01 $259,605 (29.2%) $359,358 (32.0%) 0.59 377
2023-08-01 $247,450 (19.0%) $384,480 (43.3%) 0.57 416
2023-09-01 $249,900 (8.8%) $393,834 (44.3%) 0.58 400
2023-10-01 $252,000 (12.5%) $377,472 (29.3%) 0.59 457
2023-11-01 $256,382 (14.1%) $391,571 (33.4%) 0.61 467
2023-12-01 $254,500 (15.7%) $386,685 (35.3%) 0.62 470
2024-01-01 $260,750 (14.7%) $391,144 (24.6%) 0.64 446
2024-02-01 $254,978 (7.7%) $406,430 (19.7%) 0.61 401
2024-03-01 $253,000 (1.2%) $427,870 (20.8%) 0.60 405
2024-04-01 $254,051 (1.6%) $403,600 (14.6%) 0.59 419
2024-05-01 $257,945 (1.7%) $399,569 (12.1%) 0.58 432
2024-06-01 $255,950 (-2.3%) $401,442 (4.8%) 0.58 417
Joplin's median listing price for 2024-06-01 was $255,950, a difference of $-6,050 (-2.3%) versus the prior year and $-1,995 versus the prior month.

Joplin's median listing price comes in at 58% of the national average.

Joplin's average listing price for 2024-06-01 was $401,442, a difference of $18,250 (4.8%) versus the prior year and $1,873 versus the prior month.

For the 2024-06-01 period, Joplin had 417 MLS listings, a difference of -15 listings (-3%) versus the prior month and 66 listings (19%) 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 1,785 sqft
2018-02-01 76 days 1,770 sqft
2018-03-01 54 days 1,785 sqft
2018-04-01 53 days 1,824 sqft
2018-05-01 57 days 1,843 sqft
2018-06-01 54 days 1,860 sqft
2018-07-01 60 days 1,875 sqft
2018-08-01 54 days 1,823 sqft
2018-09-01 57 days 1,800 sqft
2018-10-01 67 days 1,858 sqft
2018-11-01 67 days 1,850 sqft
2018-12-01 67 days 1,822 sqft
2019-01-01 74 days 1,796 sqft
2019-02-01 83 days 1,811 sqft
2019-03-01 69 days 1,797 sqft
2019-04-01 53 days 1,785 sqft
2019-05-01 50 days 1,824 sqft
2019-06-01 53 days 1,805 sqft
2019-07-01 54 days 1,828 sqft
2019-08-01 56 days 1,828 sqft
2019-09-01 58 days 1,812 sqft
2019-10-01 57 days 1,809 sqft
2019-11-01 57 days 1,809 sqft
2019-12-01 71 days 1,813 sqft
2020-01-01 73 days 1,826 sqft
2020-02-01 66 days 1,820 sqft
2020-03-01 54 days 1,810 sqft
2020-04-01 45 days 1,789 sqft
2020-05-01 51 days 1,800 sqft
2020-06-01 52 days 1,865 sqft
2020-07-01 40 days 1,855 sqft
2020-08-01 37 days 1,934 sqft
2020-09-01 44 days 1,995 sqft
2020-10-01 32 days 1,874 sqft
2020-11-01 42 days 1,840 sqft
2020-12-01 51 days 1,842 sqft
2021-01-01 57 days 1,924 sqft
2021-02-01 61 days 1,965 sqft
2021-03-01 42 days 1,985 sqft
2021-04-01 35 days 1,896 sqft
2021-05-01 29 days 1,908 sqft
2021-06-01 26 days 1,905 sqft
2021-07-01 28 days 1,800 sqft
2021-08-01 30 days 1,844 sqft
2021-09-01 30 days 1,815 sqft
2021-10-01 44 days 1,889 sqft
2021-11-01 45 days 1,870 sqft
2021-12-01 51 days 1,848 sqft
2022-01-01 53 days 1,950 sqft
2022-02-01 28 days 1,949 sqft
2022-03-01 19 days 1,813 sqft
2022-04-01 19 days 1,750 sqft
2022-05-01 30 days 1,753 sqft
2022-06-01 27 days 1,743 sqft
2022-07-01 32 days 1,742 sqft
2022-08-01 39 days 1,697 sqft
2022-09-01 45 days 1,751 sqft
2022-10-01 44 days 1,760 sqft
2022-11-01 43 days 1,750 sqft
2022-12-01 51 days 1,705 sqft
2023-01-01 72 days 1,750 sqft
2023-02-01 66 days 1,764 sqft
2023-03-01 37 days 1,800 sqft
2023-04-01 31 days 1,768 sqft
2023-05-01 38 days 1,787 sqft
2023-06-01 38 days 1,920 sqft
2023-07-01 37 days 1,850 sqft
2023-08-01 38 days 1,818 sqft
2023-09-01 45 days 1,855 sqft
2023-10-01 42 days 1,864 sqft
2023-11-01 48 days 1,863 sqft
2023-12-01 57 days 1,830 sqft
2024-01-01 66 days 1,804 sqft
2024-02-01 65 days 1,793 sqft
2024-03-01 54 days 1,781 sqft
2024-04-01 47 days 1,782 sqft
2024-05-01 38 days 1,768 sqft
2024-06-01 43 days 1,822 sqft
Joplin's median listing age (time on market) for 2024-06-01 was 43 days. This is 15% longer than the same period one year ago.

Joplin's median square footage for active listings during the 2024-06-01 period was 1,822 sqft. One year prior, the average listing was 1,920 sqft.