Sikeston USDA Loan Rates, Closing Costs & Stats

Sikeston, 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.

    Sikeston's 16 lenders originated 59 USDA loans during 2023. The total origination value was $7,245,000, with an average USDA loan value of $122,797.

    Sikeston USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Sikeston averaged 6.24% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Sikeston's average USDA mortgage closing costs are $4,591.

    The average rate for the prior week (2024-12-06) was 6.27% and one month ago for the week of 2024-11-08, the average rate was 6.69%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.1%.

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

    Sikeston 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 Sikeston level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Flanagan State Bank 15 6.51% $6,982
    DAS Acquisition Company, LLC 14 6.94% $4,807
    FLAT BRANCH MORTGAGE, INC. 9 6.96% $4,321
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.00% $3,989
    First State Community Bank 2 5.81% $3,940
    Gateway First Bank 2 6.63% $4,317
    GERSHMAN INVESTMENT CORP. 2 6.94% $4,826
    Magnolia Bank 2 6.38% $3,647
    Southern Bank 2 7.19% $4,560
    GUARANTY HOME MORTGAGE CORPORATION 1 7.13% $3,990
    Bank of England 1 5.75% $6,896
    NEWREZ LLC 1 7.13% $4,189
    Flagstar Bank, FSB 1 6.75% $4,976
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $4,104
    NP, Inc. 1 7.13% $3,662
    PLANET HOME LENDING, LLC 1 6.99% $4,455

    The top Sikeston USDA lender as defined by loan originations is Flanagan State Bank, with 15 USDA loans originated. Their average total fees are $6,982, which is $2,175 higher than the next largest lender, DAS Acquisition Company, LLC.

    The lowest fee Sikeston USDA lenders (with over 10 loans originated) are DAS Acquisition Company, LLC ($4,807), Flanagan State Bank ($6,982), .

    The lowest rate Sikeston USDA lenders (with over 10 loans originated) are Flanagan State Bank (6.51%), DAS Acquisition Company, LLC (6.94%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Sikeston (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 $128,450 (27.0%) $146,222 (21.1%) 0.00 68
    2018-02-01 $129,900 (28.0%) $147,000 (24.0%) 0.00 68
    2018-03-01 $129,900 (22.6%) $134,594 (9.9%) 0.00 66
    2018-04-01 $129,900 (13.1%) $136,192 (3.4%) 0.00 74
    2018-05-01 $123,250 (7.3%) $142,091 (2.7%) 0.00 73
    2018-06-01 $119,900 (7.3%) $137,459 (0.6%) 0.00 72
    2018-07-01 $112,925 (0.8%) $134,214 (3.1%) 0.00 80
    2018-08-01 $120,325 (3.6%) $138,356 (2.4%) 0.00 73
    2018-09-01 $123,700 (-1.0%) $138,595 (-2.3%) 0.00 84
    2018-10-01 $129,675 (10.5%) $141,256 (-0.3%) 0.00 84
    2018-11-01 $126,750 (3.5%) $140,223 (-1.5%) 0.00 79
    2018-12-01 $124,000 (-2.0%) $143,739 (-1.9%) 0.00 77
    2019-01-01 $124,225 (-3.3%) $150,617 (3.0%) 0.00 74
    2019-02-01 $127,450 (-1.9%) $155,393 (5.7%) 0.00 76
    2019-03-01 $138,021 (6.3%) $158,135 (17.5%) 0.00 81
    2019-04-01 $138,271 (6.4%) $152,660 (12.1%) 0.00 87
    2019-05-01 $136,225 (10.5%) $156,675 (10.3%) 0.00 87
    2019-06-01 $142,400 (18.8%) $168,492 (22.6%) 0.00 89
    2019-07-01 $144,075 (27.6%) $173,224 (29.1%) 0.00 95
    2019-08-01 $142,336 (18.3%) $167,590 (21.1%) 0.00 112
    2019-09-01 $135,341 (9.4%) $157,843 (13.9%) 0.00 140
    2019-10-01 $129,900 (0.2%) $153,531 (8.7%) 0.00 170
    2019-11-01 $124,900 (-1.5%) $153,897 (9.8%) 0.00 177
    2019-12-01 $129,000 (4.0%) $156,978 (9.2%) 0.00 169
    2020-01-01 $125,450 (1.0%) $154,108 (2.3%) 0.00 161
    2020-02-01 $129,450 (1.6%) $156,893 (1.0%) 0.00 159
    2020-03-01 $125,000 (-9.4%) $152,819 (-3.4%) 0.00 160
    2020-04-01 $124,700 (-9.8%) $152,140 (-0.3%) 0.00 152
    2020-05-01 $124,500 (-8.6%) $150,508 (-3.9%) 0.00 139
    2020-06-01 $129,900 (-8.8%) $151,716 (-10.0%) 0.00 137
    2020-07-01 $134,450 (-6.7%) $152,834 (-11.8%) 0.00 120
    2020-08-01 $142,500 (0.1%) $162,160 (-3.2%) 0.00 95
    2020-09-01 $138,000 (2.0%) $156,693 (-0.7%) 0.00 87
    2020-10-01 $138,000 (6.2%) $161,601 (5.3%) 0.00 83
    2020-11-01 $140,000 (12.1%) $161,674 (5.1%) 0.00 93
    2020-12-01 $139,125 (7.9%) $158,638 (1.1%) 0.00 90
    2021-01-01 $139,000 (10.8%) $154,544 (0.3%) 0.00 84
    2021-02-01 $129,925 (0.4%) $153,399 (-2.2%) 0.00 72
    2021-03-01 $124,226 (-0.6%) $148,038 (-3.1%) 0.00 66
    2021-04-01 $123,338 (-1.1%) $149,282 (-1.9%) 0.00 68
    2021-05-01 $135,450 (8.8%) $152,685 (1.5%) 0.00 66
    2021-06-01 $139,900 (7.7%) $159,822 (5.3%) 0.00 65
    2021-07-01 $149,900 (11.5%) $168,972 (10.6%) 0.00 66
    2021-08-01 $149,925 (5.2%) $177,219 (9.3%) 0.00 64
    2021-09-01 $147,450 (6.9%) $171,046 (9.2%) 0.00 77
    2021-10-01 $143,950 (4.3%) $165,365 (2.3%) 0.00 81
    2021-11-01 $138,675 (-1.0%) $158,360 (-2.1%) 0.00 75
    2021-12-01 $134,900 (-3.0%) $159,668 (0.7%) 0.00 73
    2022-01-01 $149,500 (7.6%) $172,479 (11.6%) 0.00 66
    2022-02-01 $148,650 (14.4%) $186,912 (21.9%) 0.00 65
    2022-03-01 $157,425 (26.7%) $205,563 (38.9%) 0.00 71
    2022-04-01 $150,000 (21.6%) $185,763 (24.4%) 0.00 76
    2022-05-01 $145,000 (7.1%) $176,617 (15.7%) 0.00 76
    2022-06-01 $138,175 (-1.2%) $169,373 (6.0%) 0.00 71
    2022-07-01 $144,900 (-3.3%) $184,160 (9.0%) 0.00 73
    2022-08-01 $123,500 (-17.6%) $168,543 (-4.9%) 0.00 108
    2022-09-01 $117,400 (-20.4%) $174,562 (2.1%) 0.00 115
    2022-10-01 $119,900 (-16.7%) $179,615 (8.6%) 0.00 110
    2022-11-01 $104,925 (-24.3%) $179,801 (13.5%) 0.00 113
    2022-12-01 $99,450 (-26.3%) $172,360 (8.0%) 0.00 127
    2023-01-01 $123,100 (-17.7%) $174,671 (1.3%) 0.00 94
    2023-02-01 $129,450 (-12.9%) $178,845 (-4.3%) 0.00 83
    2023-03-01 $148,500 (-5.7%) $186,507 (-9.3%) 0.00 88
    2023-04-01 $149,900 (-0.1%) $194,089 (4.5%) 0.00 85
    2023-05-01 $159,900 (10.3%) $203,015 (15.0%) 0.00 90
    2023-06-01 $159,900 (15.7%) $202,311 (19.5%) 0.00 89
    2023-07-01 $164,900 (13.8%) $204,804 (11.2%) 0.00 91
    2023-08-01 $161,575 (30.8%) $199,251 (18.2%) 0.00 99
    2023-09-01 $160,000 (36.3%) $201,049 (15.2%) 0.00 96
    2023-10-01 $169,450 (41.3%) $215,154 (19.8%) 0.00 92
    2023-11-01 $164,225 (56.5%) $203,646 (13.3%) 0.00 95
    2023-12-01 $149,900 (50.7%) $199,013 (15.5%) 0.00 85
    2024-01-01 $150,000 (21.9%) $202,102 (15.7%) 0.00 78
    2024-02-01 $132,500 (2.4%) $188,912 (5.6%) 0.00 95
    2024-03-01 $151,250 (1.9%) $213,561 (14.5%) 0.00 91
    2024-04-01 $159,925 (6.7%) $214,551 (10.5%) 0.00 86
    2024-05-01 $163,250 (2.1%) $212,949 (4.9%) 0.00 90
    2024-06-01 $164,950 (3.2%) $216,176 (6.9%) 0.00 89
    2024-07-01 $158,475 (-3.9%) $207,320 (1.2%) 0.00 83
    2024-08-01 $166,450 (3.0%) $217,183 (9.0%) 0.00 83
    2024-09-01 $160,625 (0.4%) $195,613 (-2.7%) 0.00 77
    2024-10-01 $160,125 (-5.5%) $198,083 (-7.9%) 0.00 82
    2024-11-01 $164,900 (0.4%) $185,277 (-9.0%) 0.00 91
    Sikeston's median listing price for 2024-11-01 was $164,900, a difference of $675 (0.4%) versus the prior year and $4,775 versus the prior month.

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

    Sikeston's average listing price for 2024-11-01 was $185,277, a difference of $-18,369 (-9.0%) versus the prior year and $-12,806 versus the prior month.

    For the 2024-11-01 period, Sikeston had 91 MLS listings, a difference of 9 listings (11%) versus the prior month and -4 listings (-4%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Sikeston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,477 sqft
    2018-02-01 0 days 1,497 sqft
    2018-03-01 0 days 1,507 sqft
    2018-04-01 0 days 1,572 sqft
    2018-05-01 0 days 1,542 sqft
    2018-06-01 0 days 1,466 sqft
    2018-07-01 0 days 1,472 sqft
    2018-08-01 0 days 1,554 sqft
    2018-09-01 0 days 1,542 sqft
    2018-10-01 0 days 1,548 sqft
    2018-11-01 0 days 1,549 sqft
    2018-12-01 0 days 1,547 sqft
    2019-01-01 0 days 1,569 sqft
    2019-02-01 0 days 1,572 sqft
    2019-03-01 0 days 1,633 sqft
    2019-04-01 0 days 1,657 sqft
    2019-05-01 0 days 1,655 sqft
    2019-06-01 0 days 1,720 sqft
    2019-07-01 0 days 1,612 sqft
    2019-08-01 0 days 1,633 sqft
    2019-09-01 0 days 1,679 sqft
    2019-10-01 0 days 1,742 sqft
    2019-11-01 0 days 1,724 sqft
    2019-12-01 0 days 1,700 sqft
    2020-01-01 0 days 1,704 sqft
    2020-02-01 0 days 1,752 sqft
    2020-03-01 0 days 1,730 sqft
    2020-04-01 0 days 1,736 sqft
    2020-05-01 0 days 1,713 sqft
    2020-06-01 0 days 1,721 sqft
    2020-07-01 0 days 1,747 sqft
    2020-08-01 0 days 1,778 sqft
    2020-09-01 0 days 1,722 sqft
    2020-10-01 0 days 1,604 sqft
    2020-11-01 0 days 1,615 sqft
    2020-12-01 0 days 1,555 sqft
    2021-01-01 0 days 1,548 sqft
    2021-02-01 0 days 1,523 sqft
    2021-03-01 0 days 1,609 sqft
    2021-04-01 0 days 1,554 sqft
    2021-05-01 0 days 1,554 sqft
    2021-06-01 0 days 1,619 sqft
    2021-07-01 0 days 1,652 sqft
    2021-08-01 0 days 1,652 sqft
    2021-09-01 0 days 1,651 sqft
    2021-10-01 0 days 1,600 sqft
    2021-11-01 0 days 1,527 sqft
    2021-12-01 0 days 1,500 sqft
    2022-01-01 0 days 1,665 sqft
    2022-02-01 0 days 1,655 sqft
    2022-03-01 0 days 1,643 sqft
    2022-04-01 0 days 1,554 sqft
    2022-05-01 0 days 1,615 sqft
    2022-06-01 0 days 1,440 sqft
    2022-07-01 0 days 1,534 sqft
    2022-08-01 0 days 1,399 sqft
    2022-09-01 0 days 1,399 sqft
    2022-10-01 0 days 1,400 sqft
    2022-11-01 0 days 1,315 sqft
    2022-12-01 0 days 1,287 sqft
    2023-01-01 0 days 1,293 sqft
    2023-02-01 0 days 1,275 sqft
    2023-03-01 0 days 1,289 sqft
    2023-04-01 0 days 1,414 sqft
    2023-05-01 0 days 1,484 sqft
    2023-06-01 0 days 1,432 sqft
    2023-07-01 0 days 1,484 sqft
    2023-08-01 0 days 1,442 sqft
    2023-09-01 0 days 1,484 sqft
    2023-10-01 0 days 1,523 sqft
    2023-11-01 0 days 1,484 sqft
    2023-12-01 0 days 1,419 sqft
    2024-01-01 0 days 1,350 sqft
    2024-02-01 0 days 1,301 sqft
    2024-03-01 0 days 1,324 sqft
    2024-04-01 0 days 1,481 sqft
    2024-05-01 0 days 1,450 sqft
    2024-06-01 0 days 1,482 sqft
    2024-07-01 0 days 1,454 sqft
    2024-08-01 0 days 1,487 sqft
    2024-09-01 0 days 1,410 sqft
    2024-10-01 0 days 1,401 sqft
    2024-11-01 0 days 1,488 sqft
    Sikeston's median listing age (time on market) for 2024-11-01 was 0 days.

    Sikeston's median square footage for active listings during the 2024-11-01 period was 1,488 sqft. One year prior, the average listing was 1,484 sqft.