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 171 USDA loans during 2022. The total origination value was $24,535,000, with an average USDA loan value of $143,480.

Joplin USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Joplin averaged -0.42% for the week of 2024-02-23, compared to the national average (all USDA variants) of 0% for the same period.

Joplin's average USDA mortgage closing costs are $3,801.

The average rate for the prior week (2024-02-16) was 6.16% and one month ago for the week of 2024-01-19, the average rate was 6.15%.

The average rate one year ago was 5.85%.

For refis of the same type during the week of 2024-02-23, the average rate was -1.35%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FLAT BRANCH MORTGAGE, INC. 114 5.06% $4,421
DAS Acquisition Company, LLC 10 5.88% $5,980
Springfield First Community Bank 6 4.67% $4,572
PENNYMAC LOAN SERVICES, LLC 4 3.01% $5,953
First Community Bank 3 4.79% $6,008
FirstTrust Home Loans, Inc. 3 5.92% $5,147
UNION HOME MORTGAGE CORP. 3 5.62% $6,952
Arvest Bank 2 5.88% $4,477
Carrington Mortgage Services, LLC 2 6.88% $5,763
Southwest Missouri Bank 2 5.38% $3,188
First Guaranty Mortgage Corporation 2 3.75% $5,264
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $5,227
THRIVE MORTGAGE, LLC 1 5.13% $5,024
United Bank 1 3.63% $4,402
U.S. Bank 1 5.25% $4,153
BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 5.38% $5,005
CALIBER HOME LOANS, INC. 1 3.25% $3,337
ENCORE BANK 1 3.25% $4,548
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.00% $10,978
Flanagan State Bank 1 4.75% $6,173
Gateway First Bank 1 6.25% $5,170
GERSHMAN INVESTMENT CORP. 1 5.63% $5,996
Great Southern Bank 1 3.00% $3,279
GUARANTY HOME MORTGAGE CORPORATION 1 3.75% $4,800
Midwest Mortgage Associates Corporation 1 4.00% $3,491

The top Joplin USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 114 USDA loans originated. Their average total fees are $4,421, which is $1,559 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. ($4,421), DAS Acquisition Company, LLC ($5,980), .

The lowest rate Joplin USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (5.06%), DAS Acquisition Company, LLC (5.88%), .


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%) 0.48 800
2018-02-01 $129,900 (18.2%) $171,460 (5.9%) 0.47 789
2018-03-01 $131,700 (20.8%) $174,875 (6.6%) 0.46 809
2018-04-01 $139,883 (21.6%) $177,800 (5.5%) 0.47 823
2018-05-01 $143,331 (18.2%) $176,615 (0.4%) 0.48 802
2018-06-01 $140,000 (14.8%) $181,673 (2.6%) 0.47 830
2018-07-01 $139,950 (12.0%) $180,213 (0.8%) 0.47 841
2018-08-01 $142,874 (11.0%) $177,307 (0.2%) 0.48 999
2018-09-01 $144,630 (12.2%) $176,629 (0.9%) 0.49 1,040
2018-10-01 $146,175 (13.4%) $180,514 (2.8%) 0.50 982
2018-11-01 $144,939 (12.4%) $177,596 (1.1%) 0.49 1,010
2018-12-01 $139,900 (8.8%) $174,849 (2.5%) 0.48 959
2019-01-01 $139,698 (7.7%) $171,228 (0.2%) 0.48 876
2019-02-01 $140,875 (8.5%) $174,652 (1.9%) 0.48 821
2019-03-01 $142,857 (8.5%) $178,050 (1.8%) 0.47 782
2019-04-01 $142,807 (2.1%) $180,886 (1.7%) 0.45 750
2019-05-01 $148,350 (3.5%) $187,064 (5.9%) 0.46 716
2019-06-01 $143,950 (2.8%) $186,366 (2.6%) 0.45 722
2019-07-01 $149,900 (7.1%) $185,112 (2.7%) 0.47 770
2019-08-01 $148,700 (4.1%) $184,104 (3.8%) 0.47 765
2019-09-01 $146,900 (1.6%) $183,403 (3.8%) 0.47 745
2019-10-01 $147,833 (1.1%) $184,414 (2.2%) 0.48 733
2019-11-01 $147,700 (1.9%) $185,286 (4.3%) 0.48 729
2019-12-01 $147,253 (5.3%) $186,708 (6.8%) 0.49 714
2020-01-01 $147,706 (5.7%) $186,878 (9.1%) 0.49 658
2020-02-01 $142,202 (0.9%) $187,239 (7.2%) 0.47 615
2020-03-01 $145,255 (1.7%) $188,358 (5.8%) 0.46 588
2020-04-01 $144,300 (1.1%) $190,444 (5.3%) 0.45 616
2020-05-01 $148,500 (0.1%) $199,999 (6.9%) 0.45 551
2020-06-01 $154,846 (7.6%) $206,778 (11.0%) 0.46 516
2020-07-01 $152,425 (1.7%) $212,448 (14.8%) 0.44 499
2020-08-01 $168,000 (13.0%) $225,797 (22.7%) 0.48 421
2020-09-01 $172,200 (17.2%) $234,918 (28.1%) 0.49 413
2020-10-01 $155,000 (4.9%) $219,282 (18.9%) 0.44 425
2020-11-01 $150,000 (1.6%) $222,152 (19.9%) 0.44 423
2020-12-01 $149,500 (1.5%) $224,530 (20.3%) 0.44 411
2021-01-01 $152,900 (3.5%) $236,874 (26.8%) 0.46 361
2021-02-01 $158,749 (11.6%) $257,238 (37.4%) 0.46 307
2021-03-01 $169,675 (16.8%) $257,450 (36.7%) 0.48 311
2021-04-01 $169,038 (17.1%) $252,535 (32.6%) 0.46 306
2021-05-01 $159,900 (7.7%) $261,126 (30.6%) 0.42 272
2021-06-01 $156,725 (1.2%) $263,672 (27.5%) 0.41 301
2021-07-01 $159,900 (4.9%) $241,881 (13.9%) 0.42 354
2021-08-01 $168,500 (0.3%) $248,760 (10.2%) 0.45 375
2021-09-01 $179,000 (4.0%) $239,375 (1.9%) 0.48 427
2021-10-01 $170,950 (10.3%) $239,425 (9.2%) 0.46 441
2021-11-01 $180,225 (20.2%) $248,230 (11.7%) 0.48 408
2021-12-01 $191,075 (27.8%) $267,169 (19.0%) 0.52 335
2022-01-01 $199,900 (30.7%) $265,372 (12.0%) 0.54 274
2022-02-01 $208,050 (31.1%) $267,806 (4.1%) 0.54 231
2022-03-01 $211,000 (24.4%) $278,023 (8.0%) 0.53 218
2022-04-01 $199,450 (18.0%) $271,425 (7.5%) 0.48 273
2022-05-01 $199,900 (25.0%) $279,539 (7.1%) 0.46 292
2022-06-01 $193,640 (23.6%) $266,398 (1.0%) 0.43 368
2022-07-01 $192,672 (20.5%) $259,061 (7.1%) 0.43 447
2022-08-01 $195,547 (16.1%) $256,517 (3.1%) 0.45 449
2022-09-01 $211,385 (18.1%) $261,245 (9.1%) 0.49 466
2022-10-01 $211,900 (24.0%) $276,762 (15.6%) 0.50 475
2022-11-01 $212,352 (17.8%) $276,566 (11.4%) 0.51 518
2022-12-01 $202,495 (6.0%) $269,802 (1.0%) 0.50 481
2023-01-01 $216,500 (8.3%) $292,161 (10.1%) 0.54 422
2023-02-01 $223,269 (7.3%) $316,957 (18.4%) 0.54 363
2023-03-01 $238,828 (13.2%) $333,630 (20.0%) 0.56 350
2023-04-01 $239,900 (20.3%) $330,987 (21.9%) 0.56 374
2023-05-01 $245,960 (23.0%) $333,483 (19.3%) 0.56 377
2023-06-01 $250,175 (29.2%) $357,843 (34.3%) 0.56 395
2023-07-01 $249,000 (29.2%) $335,570 (29.5%) 0.57 423
2023-08-01 $242,000 (23.8%) $364,820 (42.2%) 0.56 456
2023-09-01 $244,388 (15.6%) $373,192 (42.9%) 0.57 441
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%) 0.60 513
2023-12-01 $251,000 (24.0%) $370,861 (37.5%) 0.61 512
Joplin's median listing price for 2023-12-01 was $251,000, a difference of $48,505 (24.0%) versus the prior year and $796 versus the prior month.

Joplin's median listing price comes in at 61% of the national average.

Joplin's average listing price for 2023-12-01 was $370,861, a difference of $101,059 (37.5%) versus the prior year and $-969 versus the prior month.

For the 2023-12-01 period, Joplin had 512 MLS listings, a difference of -1 listings (0%) versus the prior month and 31 listings (6%) 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 79 days 1,742 sqft
2018-02-01 77 days 1,730 sqft
2018-03-01 57 days 1,744 sqft
2018-04-01 56 days 1,776 sqft
2018-05-01 58 days 1,802 sqft
2018-06-01 57 days 1,820 sqft
2018-07-01 62 days 1,820 sqft
2018-08-01 56 days 1,789 sqft
2018-09-01 57 days 1,763 sqft
2018-10-01 67 days 1,800 sqft
2018-11-01 68 days 1,800 sqft
2018-12-01 71 days 1,783 sqft
2019-01-01 76 days 1,751 sqft
2019-02-01 87 days 1,772 sqft
2019-03-01 75 days 1,766 sqft
2019-04-01 59 days 1,749 sqft
2019-05-01 54 days 1,791 sqft
2019-06-01 54 days 1,761 sqft
2019-07-01 54 days 1,786 sqft
2019-08-01 57 days 1,792 sqft
2019-09-01 61 days 1,781 sqft
2019-10-01 61 days 1,784 sqft
2019-11-01 59 days 1,792 sqft
2019-12-01 75 days 1,792 sqft
2020-01-01 77 days 1,798 sqft
2020-02-01 72 days 1,793 sqft
2020-03-01 59 days 1,768 sqft
2020-04-01 51 days 1,762 sqft
2020-05-01 53 days 1,780 sqft
2020-06-01 53 days 1,831 sqft
2020-07-01 42 days 1,814 sqft
2020-08-01 40 days 1,850 sqft
2020-09-01 46 days 1,943 sqft
2020-10-01 35 days 1,824 sqft
2020-11-01 45 days 1,788 sqft
2020-12-01 54 days 1,781 sqft
2021-01-01 58 days 1,845 sqft
2021-02-01 64 days 1,889 sqft
2021-03-01 47 days 1,917 sqft
2021-04-01 37 days 1,792 sqft
2021-05-01 29 days 1,780 sqft
2021-06-01 29 days 1,730 sqft
2021-07-01 30 days 1,684 sqft
2021-08-01 30 days 1,755 sqft
2021-09-01 32 days 1,723 sqft
2021-10-01 44 days 1,750 sqft
2021-11-01 49 days 1,770 sqft
2021-12-01 54 days 1,750 sqft
2022-01-01 59 days 1,850 sqft
2022-02-01 35 days 1,892 sqft
2022-03-01 22 days 1,797 sqft
2022-04-01 22 days 1,734 sqft
2022-05-01 31 days 1,744 sqft
2022-06-01 28 days 1,704 sqft
2022-07-01 32 days 1,726 sqft
2022-08-01 39 days 1,666 sqft
2022-09-01 44 days 1,749 sqft
2022-10-01 45 days 1,750 sqft
2022-11-01 44 days 1,721 sqft
2022-12-01 51 days 1,685 sqft
2023-01-01 70 days 1,703 sqft
2023-02-01 69 days 1,755 sqft
2023-03-01 38 days 1,764 sqft
2023-04-01 32 days 1,760 sqft
2023-05-01 38 days 1,782 sqft
2023-06-01 37 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 41 days 1,828 sqft
2023-11-01 46 days 1,823 sqft
2023-12-01 57 days 1,800 sqft
Joplin's median listing age (time on market) for 2023-12-01 was 57 days. This is 12% longer than the same period one year ago.

Joplin's median square footage for active listings during the 2023-12-01 period was 1,800 sqft. One year prior, the average listing was 1,685 sqft.