Springfield USDA Loan Rates, Closing Costs & Stats

SPRINGFIELD, 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.

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%), .