Lebanon USDA Loan Rates, Closing Costs & Stats
Lebanon, 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.
Lebanon's 13 lenders originated 52 USDA loans during 2023. The total origination value was $7,600,000, with an average USDA loan value of $146,154.
Lebanon USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Lebanon
averaged
6.39%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
Lebanon's average USDA mortgage closing costs are $3,801.
The average rate for the prior week (2024-11-01) was
6.36% and
one month ago for the week of 2024-10-04, the
average rate was 5.99%.
The average rate one year ago was 7.43%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.68%.
Lebanon 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 Lebanon level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 22 | 6.58% | $5,454 |
| FLAT BRANCH MORTGAGE, INC. | 10 | 6.75% | $4,784 |
| DAS Acquisition Company, LLC | 2 | 7.13% | $5,567 |
| Flagstar Bank, FSB | 1 | 6.75% | $6,767 |
| GUILD MORTGAGE COMPANY | 1 | 6.13% | $11,021 |
| Paramount Residential Mortgage Group, Inc. | 1 | 5.75% | $8,862 |
| Springfield First Community Bank | 1 | 6.63% | $6,200 |
| The Central Trust Bank | 1 | 7.63% | $4,173 |
| TIB The Independent Bankersbank | 1 | 6.38% | $5,145 |
| Barrington Bank & Trust Company, N.A. | 1 | 5.60% | $6,917 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 5.98% | $4,621 |
| COMMUNITY MORTGAGE, LLC | 1 | 7.13% | $4,653 |
| First State Community Bank | 1 | 7.50% | $5,586 |
The top Lebanon USDA lender as defined by loan originations is PRIMELENDING, A PLAINSCAPITAL COMPANY, with
22 USDA loans originated. Their average total fees are
$5,454, which is $669
higher than the next largest lender,
FLAT BRANCH MORTGAGE, INC..
The lowest fee Lebanon USDA lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. ($4,784), PRIMELENDING, A PLAINSCAPITAL COMPANY ($5,454), .
The lowest rate Lebanon USDA lenders (with over 10 loans originated) are
PRIMELENDING, A PLAINSCAPITAL COMPANY (6.58%), FLAT BRANCH MORTGAGE, INC. (6.75%), .