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 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 6.71% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

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

The average rate for the prior week (2024-03-15) was 6.43% and one month ago for the week of 2024-02-16, the average rate was 6.91%.

The average rate one year ago was 6.51%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.57%.

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
Sikeston's median listing price for 2024-02-01 was $132,500, a difference of $3,050 (2.4%) versus the prior year and $-17,500 versus the prior month.

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

Sikeston's average listing price for 2024-02-01 was $188,912, a difference of $10,067 (5.6%) versus the prior year and $-13,190 versus the prior month.

For the 2024-02-01 period, Sikeston had 95 MLS listings, a difference of 17 listings (22%) versus the prior month and 12 listings (14%) 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 1,295 sqft
Sikeston's median listing age (time on market) for 2024-02-01 was 0 days.

Sikeston's median square footage for active listings during the 2024-02-01 period was 1,295 sqft. One year prior, the average listing was 1,275 sqft.