Lebanon USDA Loan Rates, Closing Costs & Stats

Lebanon, 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.

    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 7.08% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.83% and one month ago for the week of 2024-03-15, the average rate was 6.81%.

    The average rate one year ago was 6.35%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.76%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    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%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Lebanon (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 $159,450 (7.5%) $198,587 (-0.8%) 0.00 153
    2018-02-01 $162,450 (9.2%) $198,309 (0.8%) 0.00 157
    2018-03-01 $169,900 (14.7%) $203,105 (4.6%) 0.00 156
    2018-04-01 $172,400 (15.5%) $207,489 (7.8%) 0.00 162
    2018-05-01 $184,200 (18.9%) $222,456 (14.6%) 0.00 173
    2018-06-01 $184,400 (14.0%) $222,923 (10.0%) 0.00 176
    2018-07-01 $196,600 (17.4%) $226,040 (9.0%) 0.00 167
    2018-08-01 $189,900 (22.4%) $236,947 (25.3%) 0.00 165
    2018-09-01 $176,950 (11.6%) $228,669 (21.3%) 0.00 162
    2018-10-01 $174,925 (6.5%) $224,915 (13.1%) 0.00 176
    2018-11-01 $176,125 (8.1%) $223,194 (11.7%) 0.00 180
    2018-12-01 $174,900 (6.1%) $215,925 (7.7%) 0.00 172
    2019-01-01 $169,900 (6.6%) $213,688 (7.6%) 0.00 145
    2019-02-01 $178,850 (10.1%) $234,293 (18.2%) 0.00 129
    2019-03-01 $185,829 (9.4%) $239,675 (18.0%) 0.00 124
    2019-04-01 $182,204 (5.7%) $237,658 (14.5%) 0.00 131
    2019-05-01 $169,900 (-7.8%) $236,744 (6.4%) 0.00 140
    2019-06-01 $195,900 (6.2%) $261,249 (17.2%) 0.00 147
    2019-07-01 $181,400 (-7.7%) $244,142 (8.0%) 0.00 151
    2019-08-01 $184,536 (-2.8%) $247,789 (4.6%) 0.00 160
    2019-09-01 $191,491 (8.2%) $255,763 (11.9%) 0.00 165
    2019-10-01 $192,627 (10.1%) $258,893 (15.1%) 0.00 164
    2019-11-01 $179,900 (2.1%) $258,588 (15.9%) 0.00 155
    2019-12-01 $181,150 (3.6%) $259,316 (20.1%) 0.00 156
    2020-01-01 $194,175 (14.3%) $266,821 (24.9%) 0.00 133
    2020-02-01 $199,500 (11.6%) $259,653 (10.8%) 0.00 140
    2020-03-01 $190,950 (2.8%) $256,489 (7.0%) 0.00 152
    2020-04-01 $181,175 (-0.6%) $242,945 (2.2%) 0.00 150
    2020-05-01 $175,000 (3.0%) $240,985 (1.8%) 0.00 144
    2020-06-01 $182,925 (-6.6%) $254,547 (-2.6%) 0.00 129
    2020-07-01 $200,550 (10.6%) $276,775 (13.4%) 0.00 108
    2020-08-01 $199,900 (8.3%) $269,952 (8.9%) 0.00 106
    2020-09-01 $221,163 (15.5%) $278,681 (9.0%) 0.00 98
    2020-10-01 $210,900 (9.5%) $278,013 (7.4%) 0.00 88
    2020-11-01 $222,475 (23.7%) $289,767 (12.1%) 0.00 72
    2020-12-01 $208,700 (15.2%) $276,364 (6.6%) 0.00 70
    2021-01-01 $229,000 (17.9%) $337,179 (26.4%) 0.00 55
    2021-02-01 $224,450 (12.5%) $338,070 (30.2%) 0.00 52
    2021-03-01 $194,675 (2.0%) $295,904 (15.4%) 0.00 48
    2021-04-01 $207,450 (14.5%) $303,319 (24.9%) 0.00 40
    2021-05-01 $189,900 (8.5%) $249,388 (3.5%) 0.00 58
    2021-06-01 $189,900 (3.8%) $236,100 (-7.3%) 0.00 63
    2021-07-01 $195,000 (-2.8%) $235,299 (-15.0%) 0.00 86
    2021-08-01 $199,725 (-0.1%) $251,957 (-6.7%) 0.00 81
    2021-09-01 $198,800 (-10.1%) $261,275 (-6.3%) 0.00 77
    2021-10-01 $195,250 (-7.4%) $265,872 (-4.4%) 0.00 71
    2021-11-01 $192,400 (-13.5%) $253,209 (-12.6%) 0.00 68
    2021-12-01 $198,475 (-4.9%) $252,379 (-8.7%) 0.00 68
    2022-01-01 $207,450 (-9.4%) $259,166 (-23.1%) 0.00 59
    2022-02-01 $194,900 (-13.2%) $256,379 (-24.2%) 0.00 56
    2022-03-01 $197,450 (1.4%) $266,452 (-10.0%) 0.00 47
    2022-04-01 $229,950 (10.9%) $249,041 (-17.9%) 0.00 38
    2022-05-01 $232,425 (22.4%) $259,141 (3.9%) 0.00 53
    2022-06-01 $202,500 (6.6%) $256,551 (8.7%) 0.00 68
    2022-07-01 $189,450 (-2.9%) $257,052 (9.2%) 0.00 69
    2022-08-01 $206,150 (3.2%) $286,065 (13.5%) 0.00 56
    2022-09-01 $223,500 (12.4%) $287,643 (10.1%) 0.00 61
    2022-10-01 $230,000 (17.8%) $292,453 (10.0%) 0.00 71
    2022-11-01 $222,000 (15.4%) $275,078 (8.6%) 0.00 75
    2022-12-01 $232,250 (17.0%) $270,831 (7.3%) 0.00 73
    2023-01-01 $257,425 (24.1%) $295,393 (14.0%) 0.00 56
    2023-02-01 $269,900 (38.5%) $315,984 (23.3%) 0.00 49
    2023-03-01 $254,900 (29.1%) $324,527 (21.8%) 0.00 48
    2023-04-01 $249,900 (8.7%) $320,135 (28.6%) 0.00 55
    2023-05-01 $268,675 (15.6%) $318,412 (22.9%) 0.00 59
    2023-06-01 $274,900 (35.8%) $328,379 (28.0%) 0.00 58
    2023-07-01 $264,950 (39.9%) $326,161 (26.9%) 0.00 66
    2023-08-01 $277,975 (34.8%) $332,077 (16.1%) 0.00 85
    2023-09-01 $279,450 (25.0%) $329,431 (14.5%) 0.00 99
    2023-10-01 $242,400 (5.4%) $296,221 (1.3%) 0.00 109
    2023-11-01 $239,450 (7.9%) $277,307 (0.8%) 0.00 118
    2023-12-01 $228,250 (-1.7%) $272,744 (0.7%) 0.00 113
    2024-01-01 $239,900 (-6.8%) $263,901 (-10.7%) 0.00 92
    2024-02-01 $239,900 (-11.1%) $260,897 (-17.4%) 0.00 95
    2024-03-01 $249,950 (-1.9%) $290,004 (-10.6%) 0.00 98
    Lebanon's median listing price for 2024-03-01 was $249,950, a difference of $-4,950 (-1.9%) versus the prior year and $10,050 versus the prior month.

    Lebanon's median listing price comes in at 0% of the national average.

    Lebanon's average listing price for 2024-03-01 was $290,004, a difference of $-34,523 (-10.6%) versus the prior year and $29,107 versus the prior month.

    For the 2024-03-01 period, Lebanon had 98 MLS listings, a difference of 3 listings (3%) versus the prior month and 50 listings (104%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Lebanon (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,000 sqft
    2018-02-01 0 days 1,909 sqft
    2018-03-01 0 days 2,000 sqft
    2018-04-01 0 days 2,025 sqft
    2018-05-01 0 days 2,048 sqft
    2018-06-01 0 days 2,040 sqft
    2018-07-01 0 days 2,059 sqft
    2018-08-01 0 days 2,001 sqft
    2018-09-01 0 days 1,916 sqft
    2018-10-01 0 days 1,885 sqft
    2018-11-01 0 days 1,923 sqft
    2018-12-01 0 days 1,916 sqft
    2019-01-01 0 days 1,792 sqft
    2019-02-01 0 days 1,825 sqft
    2019-03-01 0 days 1,829 sqft
    2019-04-01 0 days 1,844 sqft
    2019-05-01 0 days 1,802 sqft
    2019-06-01 0 days 1,920 sqft
    2019-07-01 0 days 1,807 sqft
    2019-08-01 0 days 1,925 sqft
    2019-09-01 0 days 2,007 sqft
    2019-10-01 0 days 2,037 sqft
    2019-11-01 0 days 1,992 sqft
    2019-12-01 0 days 1,990 sqft
    2020-01-01 0 days 1,991 sqft
    2020-02-01 0 days 1,940 sqft
    2020-03-01 0 days 1,899 sqft
    2020-04-01 0 days 1,867 sqft
    2020-05-01 0 days 1,800 sqft
    2020-06-01 0 days 1,830 sqft
    2020-07-01 0 days 1,860 sqft
    2020-08-01 0 days 1,886 sqft
    2020-09-01 0 days 2,087 sqft
    2020-10-01 0 days 1,987 sqft
    2020-11-01 0 days 2,040 sqft
    2020-12-01 0 days 1,920 sqft
    2021-01-01 0 days 2,120 sqft
    2021-02-01 0 days 2,007 sqft
    2021-03-01 0 days 1,747 sqft
    2021-04-01 0 days 1,797 sqft
    2021-05-01 0 days 1,728 sqft
    2021-06-01 0 days 1,556 sqft
    2021-07-01 0 days 1,590 sqft
    2021-08-01 0 days 1,688 sqft
    2021-09-01 0 days 1,756 sqft
    2021-10-01 0 days 1,778 sqft
    2021-11-01 0 days 1,644 sqft
    2021-12-01 0 days 1,572 sqft
    2022-01-01 0 days 1,554 sqft
    2022-02-01 0 days 1,533 sqft
    2022-03-01 0 days 1,506 sqft
    2022-04-01 0 days 1,512 sqft
    2022-05-01 0 days 1,655 sqft
    2022-06-01 0 days 1,445 sqft
    2022-07-01 0 days 1,430 sqft
    2022-08-01 0 days 1,540 sqft
    2022-09-01 0 days 1,563 sqft
    2022-10-01 0 days 1,632 sqft
    2022-11-01 0 days 1,512 sqft
    2022-12-01 0 days 1,503 sqft
    2023-01-01 0 days 1,717 sqft
    2023-02-01 0 days 1,823 sqft
    2023-03-01 0 days 1,791 sqft
    2023-04-01 0 days 1,797 sqft
    2023-05-01 0 days 2,000 sqft
    2023-06-01 0 days 2,017 sqft
    2023-07-01 0 days 1,876 sqft
    2023-08-01 0 days 1,773 sqft
    2023-09-01 0 days 1,792 sqft
    2023-10-01 0 days 1,691 sqft
    2023-11-01 0 days 1,621 sqft
    2023-12-01 0 days 1,622 sqft
    2024-01-01 0 days 1,640 sqft
    2024-02-01 0 days 1,556 sqft
    2024-03-01 0 days 1,597 sqft
    Lebanon's median listing age (time on market) for 2024-03-01 was 0 days.

    Lebanon's median square footage for active listings during the 2024-03-01 period was 1,597 sqft. One year prior, the average listing was 1,791 sqft.