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 0.27% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

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

    The average rate for the prior week (2024-11-08) was 6.43% and one month ago for the week of 2024-10-11, the average rate was 6.29%.

    The average rate one year ago was 7.42%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.18%.

    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 $254,900 (-2.7%) $401,281 (4.7%) 0.57 417
    2024-07-01 $257,200 (-0.9%) $402,946 (12.1%) 0.59 414
    2024-08-01 $252,000 (1.8%) $369,491 (-3.9%) 0.59 482
    2024-09-01 $252,225 (0.9%) $386,339 (-1.9%) 0.59 519
    2024-10-01 $248,725 (-1.3%) $379,435 (0.5%) 0.59 563
    Joplin's median listing price for 2024-10-01 was $248,725, a difference of $-3,275 (-1.3%) versus the prior year and $-3,500 versus the prior month.

    Joplin's median listing price comes in at 59% of the national average.

    Joplin's average listing price for 2024-10-01 was $379,435, a difference of $1,963 (0.5%) versus the prior year and $-6,904 versus the prior month.

    For the 2024-10-01 period, Joplin had 563 MLS listings, a difference of 44 listings (8%) versus the prior month and 106 listings (23%) 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 44 days 1,822 sqft
    2024-07-01 45 days 1,842 sqft
    2024-08-01 38 days 1,815 sqft
    2024-09-01 41 days 1,797 sqft
    2024-10-01 45 days 1,794 sqft
    Joplin's median listing age (time on market) for 2024-10-01 was 45 days. This is 7% longer than the same period one year ago.

    Joplin's median square footage for active listings during the 2024-10-01 period was 1,794 sqft. One year prior, the average listing was 1,864 sqft.