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 6.66% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

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

    The average rate for the prior week (2025-02-07) was 6.62% and one month ago for the week of 2025-01-10, the average rate was 6.57%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2025-02-14, the average rate was 6.53%.

    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 $125,425 (25.6%) $143,472 (21.9%) 0.00 71
    2018-02-01 $122,975 (23.7%) $140,691 (21.3%) 0.00 73
    2018-03-01 $124,900 (26.6%) $126,232 (6.7%) 0.00 71
    2018-04-01 $126,250 (14.9%) $132,201 (2.1%) 0.00 78
    2018-05-01 $122,500 (10.2%) $139,311 (2.3%) 0.00 76
    2018-06-01 $119,900 (9.6%) $135,528 (2.3%) 0.00 76
    2018-07-01 $110,350 (2.7%) $131,209 (3.8%) 0.00 85
    2018-08-01 $114,975 (7.5%) $134,456 (1.9%) 0.00 89
    2018-09-01 $119,450 (-4.4%) $134,585 (-3.6%) 0.00 100
    2018-10-01 $122,813 (4.6%) $135,560 (-4.1%) 0.00 98
    2018-11-01 $123,000 (0.4%) $135,738 (-4.3%) 0.00 90
    2018-12-01 $119,500 (-4.4%) $137,957 (-4.8%) 0.00 88
    2019-01-01 $121,325 (-3.3%) $143,443 (0.0%) 0.00 86
    2019-02-01 $125,000 (1.7%) $150,729 (7.1%) 0.00 88
    2019-03-01 $135,800 (8.7%) $154,171 (22.1%) 0.00 91
    2019-04-01 $135,850 (7.6%) $151,001 (14.2%) 0.00 97
    2019-05-01 $135,000 (10.2%) $154,690 (11.0%) 0.00 97
    2019-06-01 $139,900 (16.7%) $164,013 (21.0%) 0.00 100
    2019-07-01 $140,425 (27.3%) $167,750 (27.9%) 0.00 106
    2019-08-01 $136,445 (18.7%) $161,889 (20.4%) 0.00 133
    2019-09-01 $129,389 (8.3%) $151,152 (12.3%) 0.00 178
    2019-10-01 $124,408 (1.3%) $144,092 (6.3%) 0.00 223
    2019-11-01 $119,900 (-2.5%) $141,334 (4.1%) 0.00 233
    2019-12-01 $119,975 (0.4%) $142,965 (3.6%) 0.00 225
    2020-01-01 $119,450 (-1.6%) $141,013 (-1.7%) 0.00 215
    2020-02-01 $122,500 (-2.0%) $142,565 (-5.4%) 0.00 214
    2020-03-01 $120,000 (-11.6%) $139,898 (-9.3%) 0.00 216
    2020-04-01 $119,800 (-11.8%) $139,115 (-7.9%) 0.00 207
    2020-05-01 $114,900 (-14.9%) $137,662 (-11.0%) 0.00 190
    2020-06-01 $118,475 (-15.3%) $138,032 (-15.8%) 0.00 190
    2020-07-01 $119,425 (-15.0%) $138,671 (-17.3%) 0.00 172
    2020-08-01 $123,500 (-9.5%) $141,782 (-12.4%) 0.00 152
    2020-09-01 $118,925 (-8.1%) $141,610 (-6.3%) 0.00 138
    2020-10-01 $123,700 (-0.6%) $146,598 (1.7%) 0.00 136
    2020-11-01 $124,900 (4.2%) $147,738 (4.5%) 0.00 143
    2020-12-01 $119,075 (-0.8%) $142,172 (-0.6%) 0.00 142
    2021-01-01 $109,950 (-8.0%) $136,845 (-3.0%) 0.00 133
    2021-02-01 $110,000 (-10.2%) $133,649 (-6.3%) 0.00 118
    2021-03-01 $105,000 (-12.5%) $131,564 (-6.0%) 0.00 113
    2021-04-01 $112,950 (-5.7%) $135,853 (-2.3%) 0.00 109
    2021-05-01 $119,750 (4.2%) $138,221 (0.4%) 0.00 100
    2021-06-01 $133,750 (12.9%) $146,772 (6.3%) 0.00 90
    2021-07-01 $139,000 (16.4%) $156,031 (12.5%) 0.00 88
    2021-08-01 $143,750 (16.4%) $162,004 (14.3%) 0.00 85
    2021-09-01 $133,725 (12.4%) $151,578 (7.0%) 0.00 107
    2021-10-01 $139,450 (12.7%) $151,624 (3.4%) 0.00 112
    2021-11-01 $128,700 (3.0%) $147,417 (-0.2%) 0.00 112
    2021-12-01 $126,250 (6.0%) $149,405 (5.1%) 0.00 104
    2022-01-01 $147,400 (34.1%) $163,118 (19.2%) 0.00 94
    2022-02-01 $143,050 (30.1%) $168,773 (26.3%) 0.00 92
    2022-03-01 $144,950 (38.1%) $185,148 (40.7%) 0.00 97
    2022-04-01 $144,950 (28.3%) $168,894 (24.3%) 0.00 103
    2022-05-01 $139,900 (16.8%) $160,823 (16.4%) 0.00 102
    2022-06-01 $130,950 (-2.1%) $154,954 (5.6%) 0.00 97
    2022-07-01 $135,000 (-2.9%) $163,336 (4.7%) 0.00 102
    2022-08-01 $120,425 (-16.2%) $157,544 (-2.8%) 0.00 134
    2022-09-01 $111,175 (-16.9%) $162,346 (7.1%) 0.00 142
    2022-10-01 $109,950 (-21.2%) $169,078 (11.5%) 0.00 138
    2022-11-01 $97,425 (-24.3%) $168,427 (14.3%) 0.00 146
    2022-12-01 $99,450 (-21.2%) $161,661 (8.2%) 0.00 160
    2023-01-01 $110,000 (-25.4%) $161,866 (-0.8%) 0.00 128
    2023-02-01 $104,250 (-27.1%) $157,110 (-6.9%) 0.00 121
    2023-03-01 $129,450 (-10.7%) $164,406 (-11.2%) 0.00 121
    2023-04-01 $141,950 (-2.1%) $176,966 (4.8%) 0.00 115
    2023-05-01 $149,925 (7.2%) $185,311 (15.2%) 0.00 118
    2023-06-01 $151,225 (15.5%) $186,881 (20.6%) 0.00 115
    2023-07-01 $156,000 (15.6%) $199,332 (22.0%) 0.00 113
    2023-08-01 $152,450 (26.6%) $193,513 (22.8%) 0.00 123
    2023-09-01 $151,750 (36.5%) $189,708 (16.9%) 0.00 122
    2023-10-01 $160,000 (45.5%) $200,584 (18.6%) 0.00 121
    2023-11-01 $158,250 (62.4%) $195,809 (16.3%) 0.00 121
    2023-12-01 $143,900 (44.7%) $191,504 (18.5%) 0.00 111
    2024-01-01 $143,175 (30.2%) $191,746 (18.5%) 0.00 109
    2024-02-01 $122,450 (17.5%) $179,762 (14.4%) 0.00 136
    2024-03-01 $130,000 (0.4%) $191,042 (16.2%) 0.00 135
    2024-04-01 $134,125 (-5.5%) $191,180 (8.0%) 0.00 130
    2024-05-01 $151,750 (1.2%) $192,371 (3.8%) 0.00 132
    2024-06-01 $158,500 (4.8%) $196,448 (5.1%) 0.00 134
    2024-07-01 $144,700 (-7.2%) $191,466 (-4.0%) 0.00 124
    2024-08-01 $164,950 (8.2%) $201,572 (4.2%) 0.00 112
    2024-09-01 $159,725 (5.3%) $185,821 (-2.1%) 0.00 109
    2024-10-01 $161,350 (0.8%) $188,384 (-6.1%) 0.00 117
    2024-11-01 $152,250 (-3.8%) $175,025 (-10.6%) 0.00 126
    2024-12-01 $152,500 (6.0%) $168,105 (-12.2%) 0.00 126
    2025-01-01 $162,450 (13.5%) $175,033 (-8.7%) 0.00 121
    Sikeston's median listing price for 2025-01-01 was $162,450, a difference of $19,275 (13.5%) versus the prior year and $9,950 versus the prior month.

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

    Sikeston's average listing price for 2025-01-01 was $175,033, a difference of $-16,713 (-8.7%) versus the prior year and $6,928 versus the prior month.

    For the 2025-01-01 period, Sikeston had 121 MLS listings, a difference of -5 listings (-4%) versus the prior month and 12 listings (11%) 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 1,506 sqft
    2018-02-01 0 days 1,543 sqft
    2018-03-01 0 days 1,547 sqft
    2018-04-01 0 days 1,582 sqft
    2018-05-01 0 days 1,542 sqft
    2018-06-01 0 days 1,474 sqft
    2018-07-01 0 days 1,462 sqft
    2018-08-01 0 days 1,570 sqft
    2018-09-01 0 days 1,568 sqft
    2018-10-01 0 days 1,570 sqft
    2018-11-01 0 days 1,569 sqft
    2018-12-01 0 days 1,559 sqft
    2019-01-01 0 days 1,572 sqft
    2019-02-01 0 days 1,680 sqft
    2019-03-01 0 days 1,703 sqft
    2019-04-01 0 days 1,697 sqft
    2019-05-01 0 days 1,713 sqft
    2019-06-01 0 days 1,773 sqft
    2019-07-01 0 days 1,657 sqft
    2019-08-01 0 days 1,655 sqft
    2019-09-01 0 days 1,658 sqft
    2019-10-01 0 days 1,667 sqft
    2019-11-01 0 days 1,658 sqft
    2019-12-01 0 days 1,642 sqft
    2020-01-01 0 days 1,635 sqft
    2020-02-01 0 days 1,701 sqft
    2020-03-01 0 days 1,707 sqft
    2020-04-01 0 days 1,690 sqft
    2020-05-01 0 days 1,632 sqft
    2020-06-01 0 days 1,622 sqft
    2020-07-01 0 days 1,640 sqft
    2020-08-01 0 days 1,660 sqft
    2020-09-01 0 days 1,645 sqft
    2020-10-01 0 days 1,592 sqft
    2020-11-01 0 days 1,590 sqft
    2020-12-01 0 days 1,516 sqft
    2021-01-01 0 days 1,507 sqft
    2021-02-01 0 days 1,501 sqft
    2021-03-01 0 days 1,585 sqft
    2021-04-01 0 days 1,555 sqft
    2021-05-01 0 days 1,534 sqft
    2021-06-01 0 days 1,529 sqft
    2021-07-01 0 days 1,562 sqft
    2021-08-01 0 days 1,556 sqft
    2021-09-01 0 days 1,554 sqft
    2021-10-01 0 days 1,569 sqft
    2021-11-01 0 days 1,574 sqft
    2021-12-01 0 days 1,534 sqft
    2022-01-01 0 days 1,662 sqft
    2022-02-01 0 days 1,652 sqft
    2022-03-01 0 days 1,633 sqft
    2022-04-01 0 days 1,535 sqft
    2022-05-01 0 days 1,502 sqft
    2022-06-01 0 days 1,445 sqft
    2022-07-01 0 days 1,502 sqft
    2022-08-01 0 days 1,429 sqft
    2022-09-01 0 days 1,404 sqft
    2022-10-01 0 days 1,432 sqft
    2022-11-01 0 days 1,397 sqft
    2022-12-01 0 days 1,362 sqft
    2023-01-01 0 days 1,322 sqft
    2023-02-01 0 days 1,272 sqft
    2023-03-01 0 days 1,296 sqft
    2023-04-01 0 days 1,423 sqft
    2023-05-01 0 days 1,522 sqft
    2023-06-01 0 days 1,484 sqft
    2023-07-01 0 days 1,572 sqft
    2023-08-01 0 days 1,510 sqft
    2023-09-01 0 days 1,497 sqft
    2023-10-01 0 days 1,617 sqft
    2023-11-01 0 days 1,523 sqft
    2023-12-01 0 days 1,484 sqft
    2024-01-01 0 days 1,429 sqft
    2024-02-01 0 days 1,315 sqft
    2024-03-01 0 days 1,342 sqft
    2024-04-01 0 days 1,396 sqft
    2024-05-01 0 days 1,409 sqft
    2024-06-01 0 days 1,475 sqft
    2024-07-01 0 days 1,468 sqft
    2024-08-01 0 days 1,518 sqft
    2024-09-01 0 days 1,450 sqft
    2024-10-01 0 days 1,471 sqft
    2024-11-01 0 days 1,497 sqft
    2024-12-01 0 days 1,455 sqft
    2025-01-01 0 days 1,554 sqft
    Sikeston's median listing age (time on market) for 2025-01-01 was 0 days.

    Sikeston's median square footage for active listings during the 2025-01-01 period was 1,554 sqft. One year prior, the average listing was 1,429 sqft.