Sikeston USDA Loan Rates, Closing Costs & Stats
Sikeston, 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.
Sikeston's 16 lenders originated 77 USDA loans during 2024. The total origination value was $10,635,000, with an average USDA loan value of $138,117.
Sikeston USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Sikeston
averaged
6.54%
for the week of 2025-04-11, compared to the national average (all USDA variants) of
6.449% for the same period.
Sikeston's average USDA mortgage closing costs are $4,676.
The average rate for the prior week (2025-04-04) was
6.6% and
one month ago for the week of 2025-03-07, the
average rate was 6.87%.
The average rate one year ago was 7.12%.
For refis of the same type during the week of 2025-04-11, the average rate
was 6.65%.
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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
---|---|---|---|
Flanagan State Bank | 18 | 6.65% | $7,644 |
FLAT BRANCH MORTGAGE, INC. | 17 | 6.51% | $4,355 |
DAS Acquisition Company, LLC | 13 | 7.05% | $4,829 |
Gateway First Bank | 5 | 6.73% | $5,417 |
First State Community Bank | 3 | 6.38% | $4,192 |
GUILD MORTGAGE COMPANY | 2 | 6.81% | $6,449 |
PLANET HOME LENDING, LLC | 2 | 6.75% | $4,476 |
NEWREZ LLC | 1 | 5.75% | $3,541 |
BancorpSouth | 1 | 6.88% | $4,401 |
Southern Bank | 1 | 7.13% | $3,987 |
FIRST COMMUNITY MORTGAGE, INC. | 1 | 7.13% | $5,571 |
Flagstar Bank, FSB | 1 | 6.75% | $5,001 |
GUARANTEED RATE, INC. | 1 | 6.88% | $4,301 |
Magnolia Bank | 1 | 6.63% | $3,976 |
Nations Lending Corporation | 1 | 7.13% | $1,580 |
NATIONWIDE MORTGAGE BANKERS, INC. | 1 | 6.99% | $4,559 |
The top Sikeston USDA lender as defined by loan originations is Flanagan State Bank, with
18 USDA loans originated. Their average total fees are
$7,644, which is $3,289
higher than the next largest lender,
FLAT BRANCH MORTGAGE, INC..
The lowest fee Sikeston USDA lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. ($4,355), DAS Acquisition Company, LLC ($4,829), Flanagan State Bank ($7,644), .
The lowest rate Sikeston USDA lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. (6.51%), Flanagan State Bank (6.65%), DAS Acquisition Company, LLC (7.05%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Sikeston (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
2025-02-01 | $165,000 (34.8%) | $186,152 (3.6%) | 0.00 | 131 |
2025-03-01 | $158,400 (21.9%) | $185,001 (-3.2%) | 0.00 | 120 |
Sikeston's median listing price comes in at 0% of the national average.
Sikeston's average listing price for 2025-03-01 was $185,001, a difference of $-6,041 (-3.2%) versus the prior year and $-1,151 versus the prior month.
For the 2025-03-01 period, Sikeston had 120 MLS listings, a difference of -11 listings (-8%) versus the prior month and -15 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. LouisDate | 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 |
2025-02-01 | 0 days | 1,569 sqft |
2025-03-01 | 0 days | 1,582 sqft |
Sikeston's median square footage for active listings during the 2025-03-01 period was 1,582 sqft. One year prior, the average listing was 1,342 sqft.