Poplar Bluff USDA Loan Rates, Closing Costs & Stats
Poplar Bluff, 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.
Poplar Bluff's 10 lenders originated 78 USDA loans during 2023. The total origination value was $9,870,000, with an average USDA loan value of $126,538.
Poplar Bluff USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Poplar Bluff
averaged
6.37%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
Poplar Bluff's average USDA mortgage closing costs are $4,944.
The average rate for the prior week (2024-11-01) was
6.74% and
one month ago for the week of 2024-10-04, the
average rate was 6.07%.
The average rate one year ago was 7.7%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.48%.
Poplar Bluff 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 Poplar Bluff level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Flanagan State Bank | 33 | 6.53% | $6,375 |
| DAS Acquisition Company, LLC | 29 | 6.98% | $6,254 |
| Southern Bank | 4 | 6.69% | $3,650 |
| PLANET HOME LENDING, LLC | 3 | 6.29% | $5,048 |
| Members Mortgage Services, L.L.C. | 2 | 6.69% | $4,879 |
| FLAT BRANCH MORTGAGE, INC. | 2 | 7.00% | $4,451 |
| GSF Mortgage Corporation | 1 | 6.50% | $4,057 |
| GERSHMAN INVESTMENT CORP. | 1 | 7.25% | $4,083 |
| BROKER SOLUTIONS, INC. | 1 | 5.75% | $11,678 |
| Mortgage Research Center, LLC | 1 | 4.99% | $3,177 |
The top Poplar Bluff USDA lender as defined by loan originations is Flanagan State Bank, with
33 USDA loans originated. Their average total fees are
$6,375, which is $121
higher than the next largest lender,
DAS Acquisition Company, LLC.
The lowest fee Poplar Bluff USDA lenders (with over 10 loans originated) are
DAS Acquisition Company, LLC ($6,254), Flanagan State Bank ($6,375), .
The lowest rate Poplar Bluff USDA lenders (with over 10 loans originated) are
Flanagan State Bank (6.53%), DAS Acquisition Company, LLC (6.98%), .