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
-0.07%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Sikeston's average USDA mortgage closing costs are $4,591.
The average rate for the prior week (2024-11-22) was
6.54% and
one month ago for the week of 2024-10-25, the
average rate was 6.44%.
The average rate one year ago was 7.34%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.1%.
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. LouisDate | 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 |
Sikeston's median listing price comes in at 0% of the national average.
Sikeston's average listing price for 2024-10-01 was $198,083, a difference of $-17,071 (-7.9%) versus the prior year and $2,470 versus the prior month.
For the 2024-10-01 period, Sikeston had 82 MLS listings, a difference of 5 listings (6%) versus the prior month and -10 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 | 1,477 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 |
Sikeston's median square footage for active listings during the 2024-10-01 period was 1,401 sqft. One year prior, the average listing was 1,523 sqft.