Sedalia USDA Loan Rates, Closing Costs & Stats

Sedalia, 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.

    Sedalia's 11 lenders originated 51 USDA loans during 2023. The total origination value was $6,855,000, with an average USDA loan value of $134,412.

    Sedalia USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Sedalia averaged -0.09% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Sedalia's average USDA mortgage closing costs are $3,288.

    The average rate for the prior week (2024-11-08) was 6.36% and one month ago for the week of 2024-10-11, the average rate was 6.22%.

    The average rate one year ago was 7.55%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.1%.

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

    Sedalia 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 Sedalia level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 11 6.76% $4,628
    Gateway First Bank 11 6.27% $3,141
    MOVEMENT MORTGAGE, LLC 9 6.26% $4,859
    COMMUNITY MORTGAGE, LLC 5 6.85% $4,404
    GERSHMAN INVESTMENT CORP. 3 6.42% $3,623
    DAS Acquisition Company, LLC 3 6.88% $5,399
    Midwest Mortgage Associates Corporation 3 6.75% $2,351
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $3,696
    Simmons Bank 1 5.88% $3,497
    Community National Bank & Trust 1 7.25% $6,233
    GENEVA FINANCIAL, LLC 1 5.63% $5,089

    The top Sedalia USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 11 USDA loans originated. Their average total fees are $4,628, which is $1,487 higher than the next largest lender, Gateway First Bank.

    The lowest fee Sedalia USDA lenders (with over 10 loans originated) are Gateway First Bank ($3,141), FLAT BRANCH MORTGAGE, INC. ($4,628), .

    The lowest rate Sedalia USDA lenders (with over 10 loans originated) are Gateway First Bank (6.27%), FLAT BRANCH MORTGAGE, INC. (6.76%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sedalia (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 $97,750 (2.7%) $146,346 (14.6%) 0.00 162
    2018-02-01 $97,100 (-1.7%) $146,184 (12.8%) 0.00 143
    2018-03-01 $99,250 (0.1%) $149,666 (11.9%) 0.00 131
    2018-04-01 $104,750 (2.7%) $143,084 (4.9%) 0.00 139
    2018-05-01 $101,875 (-3.7%) $138,655 (-4.4%) 0.00 146
    2018-06-01 $106,450 (-9.0%) $157,494 (2.8%) 0.00 165
    2018-07-01 $111,250 (-7.3%) $158,387 (-1.0%) 0.00 174
    2018-08-01 $110,000 (-3.1%) $159,584 (1.4%) 0.00 174
    2018-09-01 $110,000 (-9.0%) $166,453 (2.3%) 0.00 176
    2018-10-01 $109,675 (11.4%) $168,316 (8.3%) 0.00 174
    2018-11-01 $111,375 (19.6%) $172,591 (12.9%) 0.00 172
    2018-12-01 $122,500 (22.2%) $176,363 (12.9%) 0.00 153
    2019-01-01 $114,125 (16.8%) $164,800 (12.6%) 0.00 163
    2019-02-01 $125,650 (29.4%) $164,952 (12.8%) 0.00 165
    2019-03-01 $131,121 (32.1%) $174,131 (16.4%) 0.00 153
    2019-04-01 $139,721 (33.4%) $184,249 (28.8%) 0.00 138
    2019-05-01 $141,675 (39.1%) $187,830 (35.5%) 0.00 128
    2019-06-01 $155,000 (45.6%) $193,888 (23.1%) 0.00 142
    2019-07-01 $137,750 (23.8%) $187,850 (18.6%) 0.00 145
    2019-08-01 $136,545 (24.1%) $187,776 (17.7%) 0.00 168
    2019-09-01 $132,864 (20.8%) $182,461 (9.6%) 0.00 204
    2019-10-01 $130,000 (18.5%) $178,102 (5.8%) 0.00 232
    2019-11-01 $136,200 (22.3%) $177,135 (2.6%) 0.00 158
    2019-12-01 $141,850 (15.8%) $177,489 (0.6%) 0.00 142
    2020-01-01 $129,750 (13.7%) $171,771 (4.2%) 0.00 143
    2020-02-01 $127,250 (1.3%) $169,314 (2.6%) 0.00 138
    2020-03-01 $125,000 (-4.7%) $163,904 (-5.9%) 0.00 138
    2020-04-01 $123,425 (-11.7%) $165,598 (-10.1%) 0.00 139
    2020-05-01 $148,950 (5.1%) $174,203 (-7.3%) 0.00 120
    2020-06-01 $176,725 (14.0%) $194,231 (0.2%) 0.00 105
    2020-07-01 $182,100 (32.2%) $205,687 (9.5%) 0.00 101
    2020-08-01 $169,450 (24.1%) $197,511 (5.2%) 0.00 102
    2020-09-01 $144,425 (8.7%) $180,297 (-1.2%) 0.00 101
    2020-10-01 $127,950 (-1.6%) $164,888 (-7.4%) 0.00 104
    2020-11-01 $126,000 (-7.5%) $160,800 (-9.2%) 0.00 102
    2020-12-01 $121,500 (-14.4%) $155,980 (-12.1%) 0.00 89
    2021-01-01 $125,000 (-3.7%) $175,953 (2.4%) 0.00 63
    2021-02-01 $139,000 (9.2%) $187,342 (10.7%) 0.00 49
    2021-03-01 $146,175 (16.9%) $225,558 (37.6%) 0.00 47
    2021-04-01 $145,975 (18.3%) $214,602 (29.6%) 0.00 43
    2021-05-01 $140,000 (-6.0%) $207,392 (19.1%) 0.00 50
    2021-06-01 $144,075 (-18.5%) $201,897 (4.0%) 0.00 55
    2021-07-01 $147,900 (-18.8%) $189,160 (-8.0%) 0.00 73
    2021-08-01 $137,875 (-18.6%) $172,180 (-12.8%) 0.00 77
    2021-09-01 $149,900 (3.8%) $216,495 (20.1%) 0.00 74
    2021-10-01 $161,450 (26.2%) $236,859 (43.7%) 0.00 73
    2021-11-01 $172,450 (36.9%) $265,960 (65.4%) 0.00 65
    2021-12-01 $199,950 (64.6%) $290,176 (86.0%) 0.00 57
    2022-01-01 $145,000 (16.0%) $253,205 (43.9%) 0.00 52
    2022-02-01 $118,700 (-14.6%) $210,848 (12.6%) 0.00 49
    2022-03-01 $129,950 (-11.1%) $206,181 (-8.6%) 0.00 50
    2022-04-01 $145,000 (-0.7%) $253,268 (18.0%) 0.00 44
    2022-05-01 $150,675 (7.6%) $250,089 (20.6%) 0.00 59
    2022-06-01 $158,750 (10.2%) $253,712 (25.7%) 0.00 67
    2022-07-01 $169,150 (14.4%) $265,097 (40.1%) 0.00 75
    2022-08-01 $169,575 (23.0%) $262,698 (52.6%) 0.00 85
    2022-09-01 $174,325 (16.3%) $266,478 (23.1%) 0.00 81
    2022-10-01 $159,900 (-1.0%) $218,668 (-7.7%) 0.00 79
    2022-11-01 $179,950 (4.4%) $235,939 (-11.3%) 0.00 95
    2022-12-01 $179,900 (-10.0%) $234,810 (-19.1%) 0.00 95
    2023-01-01 $190,000 (31.0%) $243,946 (-3.7%) 0.00 87
    2023-02-01 $217,450 (83.2%) $254,092 (20.5%) 0.00 76
    2023-03-01 $228,675 (76.0%) $261,797 (27.0%) 0.00 66
    2023-04-01 $250,000 (72.4%) $266,677 (5.3%) 0.00 60
    2023-05-01 $257,425 (70.9%) $272,146 (8.8%) 0.00 55
    2023-06-01 $246,225 (55.1%) $280,473 (10.6%) 0.00 60
    2023-07-01 $257,450 (52.2%) $289,845 (9.3%) 0.00 62
    2023-08-01 $230,688 (36.0%) $273,113 (4.0%) 0.00 73
    2023-09-01 $215,000 (23.3%) $244,273 (-8.3%) 0.00 74
    2023-10-01 $210,000 (31.3%) $271,443 (24.1%) 0.00 80
    2023-11-01 $216,250 (20.2%) $274,142 (16.2%) 0.00 94
    2023-12-01 $206,000 (14.5%) $270,196 (15.1%) 0.00 99
    2024-01-01 $200,394 (5.5%) $269,097 (10.3%) 0.00 95
    2024-02-01 $209,900 (-3.5%) $273,081 (7.5%) 0.00 96
    2024-03-01 $209,900 (-8.2%) $274,678 (4.9%) 0.00 100
    2024-04-01 $218,475 (-12.6%) $282,111 (5.8%) 0.00 81
    2024-05-01 $208,700 (-18.9%) $290,939 (6.9%) 0.00 83
    2024-06-01 $243,750 (-1.0%) $302,399 (7.8%) 0.00 91
    2024-07-01 $249,450 (-3.1%) $302,933 (4.5%) 0.00 89
    2024-08-01 $232,000 (0.6%) $306,558 (12.3%) 0.00 87
    2024-09-01 $236,204 (9.9%) $297,904 (22.0%) 0.00 102
    2024-10-01 $228,950 (9.0%) $294,270 (8.4%) 0.00 110
    Sedalia's median listing price for 2024-10-01 was $228,950, a difference of $18,950 (9.0%) versus the prior year and $-7,254 versus the prior month.

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

    Sedalia's average listing price for 2024-10-01 was $294,270, a difference of $22,827 (8.4%) versus the prior year and $-3,634 versus the prior month.

    For the 2024-10-01 period, Sedalia had 110 MLS listings, a difference of 8 listings (8%) versus the prior month and 30 listings (38%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sedalia (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,457 sqft
    2018-02-01 0 days 1,403 sqft
    2018-03-01 0 days 1,400 sqft
    2018-04-01 0 days 1,438 sqft
    2018-05-01 0 days 1,414 sqft
    2018-06-01 0 days 1,417 sqft
    2018-07-01 0 days 1,494 sqft
    2018-08-01 0 days 1,628 sqft
    2018-09-01 0 days 1,602 sqft
    2018-10-01 0 days 1,592 sqft
    2018-11-01 0 days 1,579 sqft
    2018-12-01 0 days 1,649 sqft
    2019-01-01 0 days 1,608 sqft
    2019-02-01 0 days 1,608 sqft
    2019-03-01 0 days 1,620 sqft
    2019-04-01 0 days 1,624 sqft
    2019-05-01 0 days 1,735 sqft
    2019-06-01 0 days 1,743 sqft
    2019-07-01 0 days 1,694 sqft
    2019-08-01 0 days 1,703 sqft
    2019-09-01 0 days 1,672 sqft
    2019-10-01 0 days 1,648 sqft
    2019-11-01 0 days 1,619 sqft
    2019-12-01 0 days 1,654 sqft
    2020-01-01 0 days 1,542 sqft
    2020-02-01 0 days 1,543 sqft
    2020-03-01 0 days 1,557 sqft
    2020-04-01 0 days 1,570 sqft
    2020-05-01 0 days 1,638 sqft
    2020-06-01 0 days 1,749 sqft
    2020-07-01 0 days 1,829 sqft
    2020-08-01 0 days 1,890 sqft
    2020-09-01 0 days 1,724 sqft
    2020-10-01 0 days 1,598 sqft
    2020-11-01 0 days 1,615 sqft
    2020-12-01 0 days 1,502 sqft
    2021-01-01 0 days 1,723 sqft
    2021-02-01 0 days 1,451 sqft
    2021-03-01 0 days 1,597 sqft
    2021-04-01 0 days 1,706 sqft
    2021-05-01 0 days 1,858 sqft
    2021-06-01 0 days 1,882 sqft
    2021-07-01 0 days 1,623 sqft
    2021-08-01 0 days 1,746 sqft
    2021-09-01 0 days 1,622 sqft
    2021-10-01 0 days 1,577 sqft
    2021-11-01 0 days 1,556 sqft
    2021-12-01 0 days 1,576 sqft
    2022-01-01 0 days 1,444 sqft
    2022-02-01 0 days 1,330 sqft
    2022-03-01 0 days 1,270 sqft
    2022-04-01 0 days 1,334 sqft
    2022-05-01 0 days 1,451 sqft
    2022-06-01 0 days 1,294 sqft
    2022-07-01 0 days 1,368 sqft
    2022-08-01 0 days 1,406 sqft
    2022-09-01 0 days 1,498 sqft
    2022-10-01 0 days 1,380 sqft
    2022-11-01 0 days 1,475 sqft
    2022-12-01 0 days 1,483 sqft
    2023-01-01 0 days 1,534 sqft
    2023-02-01 0 days 1,615 sqft
    2023-03-01 0 days 1,728 sqft
    2023-04-01 0 days 1,745 sqft
    2023-05-01 0 days 1,662 sqft
    2023-06-01 0 days 1,592 sqft
    2023-07-01 0 days 1,747 sqft
    2023-08-01 0 days 1,685 sqft
    2023-09-01 0 days 1,642 sqft
    2023-10-01 0 days 1,476 sqft
    2023-11-01 0 days 1,598 sqft
    2023-12-01 0 days 1,569 sqft
    2024-01-01 0 days 1,573 sqft
    2024-02-01 0 days 1,715 sqft
    2024-03-01 0 days 1,672 sqft
    2024-04-01 0 days 1,591 sqft
    2024-05-01 0 days 1,561 sqft
    2024-06-01 0 days 1,636 sqft
    2024-07-01 0 days 1,703 sqft
    2024-08-01 0 days 1,761 sqft
    2024-09-01 0 days 1,672 sqft
    2024-10-01 0 days 1,633 sqft
    Sedalia's median listing age (time on market) for 2024-10-01 was 0 days.

    Sedalia's median square footage for active listings during the 2024-10-01 period was 1,633 sqft. One year prior, the average listing was 1,476 sqft.