Springfield USDA Loan Rates, Closing Costs & Stats

SPRINGFIELD, 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.

    Springfield's 36 lenders originated 144 USDA loans during 2024. The total origination value was $27,850,000, with an average USDA loan value of $193,403.

    Springfield USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Springfield averaged 0.43% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

    Springfield's average USDA mortgage closing costs are $4,250.

    The average rate for the prior week (2025-06-27) was 6.57% and one month ago for the week of 2025-05-30, the average rate was 6.65%.

    The average rate one year ago was 6.74%.

    For refis of the same type during the week of 2025-07-04, the average rate was -0.41%.

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

    Springfield 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 Springfield level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 23 6.51% $5,203
    DAS Acquisition Company, LLC 22 6.78% $6,632
    GERSHMAN INVESTMENT CORP. 10 6.58% $5,312
    The Central Trust Bank 8 6.25% $5,325
    PRIMELENDING, A PLAINSCAPITAL COMPANY 8 6.72% $5,723
    Southern Bank 6 6.17% $4,792
    Mortgage Research Center, LLC 6 6.52% $2,485
    Paramount Residential Mortgage Group, Inc. 5 6.30% $5,024
    Great Southern Bank 5 6.03% $5,897
    MID AMERICA MORTGAGE, INC. 4 6.84% $4,205
    BancorpSouth 3 5.79% $6,164
    Oakstar Bank 3 6.21% $4,984
    BROKER SOLUTIONS, INC. 3 7.04% $5,487
    Equity Prime Mortgage LLC 3 6.88% $6,194
    Cornerstone First Mortgage, Inc 2 6.56% $6,521
    U.S. Bank 2 6.31% $4,578
    NEWREZ LLC 2 6.25% $4,799
    UNITED WHOLESALE MORTGAGE, LLC 2 6.37% $10,181
    Integrity Home Mortgage Corp 1 5.75% $7,438
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.13% $4,970
    Arvest Bank 1 7.00% $4,483
    Community Mortgage Banc Corporation 1 6.50% $3,955
    CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $4,160
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $9,049
    Flagstar Bank, FSB 1 6.25% $6,196
    GUILD MORTGAGE COMPANY 1 6.50% $3,846
    Hawthorn Bank 1 6.25% $4,853
    HOMESIDE FINANCIAL, LLC 1 6.75% $6,809
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.38% $8,773
    Ixonia Bank 1 6.75% $7,813
    Members Mortgage Services, L.L.C. 1 6.50% $5,019
    Simmons Bank 1 6.50% $3,706
    SUN WEST MORTGAGE COMPANY, INC. 1 6.75% $11,065
    The Loan Store, Inc. 1 6.13% $7,663
    TOWNE MORTGAGE COMPANY 1 7.25% $9,344
    UNION HOME MORTGAGE CORP. 1 5.00% $7,660

    The top Springfield USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 23 USDA loans originated. Their average total fees are $5,203, which is $1,429 lower than the next largest lender, DAS Acquisition Company, LLC.

    The lowest fee Springfield USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($5,203), GERSHMAN INVESTMENT CORP. ($5,312), DAS Acquisition Company, LLC ($6,632), .

    The lowest rate Springfield USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (6.51%), GERSHMAN INVESTMENT CORP. (6.58%), DAS Acquisition Company, LLC (6.78%), .