St. Joseph USDA Loan Rates, Closing Costs & Stats
ST. JOSEPH, MO-KS
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.
St. Joseph's 9 lenders originated 13 USDA loans during 2023. The total origination value was $2,135,000, with an average USDA loan value of $164,231.
St. Joseph USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in St. Joseph
averaged
6.95%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
St. Joseph's average USDA mortgage closing costs are $4,016.
The average rate for the prior week (2024-04-12) was
7.1% and
one month ago for the week of 2024-03-15, the
average rate was 6.59%.
The average rate one year ago was 6.52%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.66%.
St. Joseph 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 St. Joseph level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 7.58% | $4,644 |
| Flanagan State Bank | 1 | 7.00% | $6,162 |
| FLAT BRANCH MORTGAGE, INC. | 1 | 6.25% | $4,520 |
| Mortgage Investment Services Corporation | 1 | 7.25% | $2,510 |
| OPEN MORTGAGE, LLC | 1 | 7.13% | $6,650 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 7.25% | $5,456 |
| S1L, Inc. | 1 | 7.38% | $6,542 |
| BROKER SOLUTIONS, INC. | 1 | 6.38% | $8,053 |
| U.S. Bank | 1 | 6.13% | $5,653 |
The top St. Joseph USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
3 USDA loans originated. Their average total fees are
$4,644, which is $1,517
lower than the next largest lender,
Flanagan State Bank.
The lowest fee St. Joseph USDA lenders (with over 10 loans originated) are
.
The lowest rate St. Joseph USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - St. Joseph (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 | $127,725 (19.2%) | $185,727 (12.2%) | 0.00 | 411 |
| 2018-02-01 | $124,950 (19.0%) | $186,756 (16.6%) | 0.00 | 401 |
| 2018-03-01 | $130,000 (30.9%) | $186,428 (18.5%) | 0.00 | 386 |
| 2018-04-01 | $126,175 (14.8%) | $184,323 (7.7%) | 0.00 | 388 |
| 2018-05-01 | $127,475 (21.9%) | $179,080 (5.2%) | 0.00 | 415 |
| 2018-06-01 | $126,900 (10.4%) | $177,643 (3.3%) | 0.00 | 447 |
| 2018-07-01 | $129,700 (5.1%) | $174,030 (-0.1%) | 0.00 | 421 |
| 2018-08-01 | $132,988 (5.6%) | $174,041 (-5.0%) | 0.00 | 434 |
| 2018-09-01 | $134,900 (6.9%) | $175,929 (-4.6%) | 0.00 | 445 |
| 2018-10-01 | $131,950 (2.3%) | $166,972 (-10.9%) | 0.00 | 459 |
| 2018-11-01 | $131,425 (3.5%) | $172,072 (-6.5%) | 0.00 | 455 |
| 2018-12-01 | $123,500 (-4.0%) | $166,406 (-9.5%) | 0.00 | 440 |
| 2019-01-01 | $119,900 (-6.1%) | $164,844 (-11.2%) | 0.00 | 418 |
| 2019-02-01 | $119,450 (-4.4%) | $162,893 (-12.8%) | 0.00 | 378 |
| 2019-03-01 | $113,471 (-12.7%) | $162,830 (-12.7%) | 0.00 | 355 |
| 2019-04-01 | $107,271 (-15.0%) | $163,060 (-11.5%) | 0.00 | 333 |
| 2019-05-01 | $111,175 (-12.8%) | $169,685 (-5.3%) | 0.00 | 325 |
| 2019-06-01 | $124,700 (-1.7%) | $172,948 (-2.6%) | 0.00 | 369 |
| 2019-07-01 | $130,225 (0.4%) | $174,018 (0.0%) | 0.00 | 385 |
| 2019-08-01 | $133,027 (0.0%) | $175,919 (1.1%) | 0.00 | 388 |
| 2019-09-01 | $136,893 (1.5%) | $180,009 (2.3%) | 0.00 | 386 |
| 2019-10-01 | $139,900 (6.0%) | $184,107 (10.3%) | 0.00 | 382 |
| 2019-11-01 | $128,700 (-2.1%) | $176,864 (2.8%) | 0.00 | 371 |
| 2019-12-01 | $124,950 (1.2%) | $174,037 (4.6%) | 0.00 | 354 |
| 2020-01-01 | $115,000 (-4.1%) | $168,507 (2.2%) | 0.00 | 321 |
| 2020-02-01 | $112,250 (-6.0%) | $167,874 (3.1%) | 0.00 | 288 |
| 2020-03-01 | $129,225 (13.9%) | $189,956 (16.7%) | 0.00 | 267 |
| 2020-04-01 | $129,900 (21.1%) | $189,563 (16.3%) | 0.00 | 243 |
| 2020-05-01 | $152,425 (37.1%) | $207,968 (22.6%) | 0.00 | 236 |
| 2020-06-01 | $164,900 (32.2%) | $209,038 (20.9%) | 0.00 | 209 |
| 2020-07-01 | $154,475 (18.6%) | $213,874 (22.9%) | 0.00 | 194 |
| 2020-08-01 | $139,900 (5.2%) | $219,470 (24.8%) | 0.00 | 189 |
| 2020-09-01 | $129,450 (-5.4%) | $208,812 (16.0%) | 0.00 | 204 |
| 2020-10-01 | $127,000 (-9.2%) | $196,119 (6.5%) | 0.00 | 203 |
| 2020-11-01 | $122,400 (-4.9%) | $184,874 (4.5%) | 0.00 | 203 |
| 2020-12-01 | $122,397 (-2.0%) | $178,356 (2.5%) | 0.00 | 204 |
| 2021-01-01 | $115,000 (0.0%) | $178,656 (6.0%) | 0.00 | 170 |
| 2021-02-01 | $125,000 (11.4%) | $181,702 (8.2%) | 0.00 | 146 |
| 2021-03-01 | $123,756 (-4.2%) | $185,828 (-2.2%) | 0.00 | 133 |
| 2021-04-01 | $119,675 (-7.9%) | $192,655 (1.6%) | 0.00 | 111 |
| 2021-05-01 | $120,000 (-21.3%) | $202,479 (-2.6%) | 0.00 | 128 |
| 2021-06-01 | $119,900 (-27.3%) | $201,462 (-3.6%) | 0.00 | 148 |
| 2021-07-01 | $125,000 (-19.1%) | $205,779 (-3.8%) | 0.00 | 188 |
| 2021-08-01 | $119,800 (-14.4%) | $184,993 (-15.7%) | 0.00 | 194 |
| 2021-09-01 | $113,875 (-12.0%) | $167,758 (-19.7%) | 0.00 | 215 |
| 2021-10-01 | $109,900 (-13.5%) | $162,223 (-17.3%) | 0.00 | 226 |
| 2021-11-01 | $107,700 (-12.0%) | $159,179 (-13.9%) | 0.00 | 212 |
| 2021-12-01 | $102,750 (-16.1%) | $154,150 (-13.6%) | 0.00 | 181 |
| 2022-01-01 | $123,450 (7.4%) | $160,255 (-10.3%) | 0.00 | 157 |
| 2022-02-01 | $118,600 (-5.1%) | $184,395 (1.5%) | 0.00 | 130 |
| 2022-03-01 | $122,450 (-1.1%) | $189,631 (2.1%) | 0.00 | 107 |
| 2022-04-01 | $150,000 (25.3%) | $213,387 (10.8%) | 0.00 | 106 |
| 2022-05-01 | $187,400 (56.2%) | $257,210 (27.0%) | 0.00 | 118 |
| 2022-06-01 | $166,150 (38.6%) | $229,067 (13.7%) | 0.00 | 146 |
| 2022-07-01 | $170,000 (36.0%) | $228,897 (11.2%) | 0.00 | 169 |
| 2022-08-01 | $165,250 (37.9%) | $225,605 (22.0%) | 0.00 | 188 |
| 2022-09-01 | $165,400 (45.3%) | $206,369 (23.0%) | 0.00 | 175 |
| 2022-10-01 | $159,900 (45.5%) | $193,546 (19.3%) | 0.00 | 182 |
| 2022-11-01 | $162,000 (50.4%) | $193,903 (21.8%) | 0.00 | 199 |
| 2022-12-01 | $160,000 (55.7%) | $196,776 (27.7%) | 0.00 | 174 |
| 2023-01-01 | $154,925 (25.5%) | $192,812 (20.3%) | 0.00 | 145 |
| 2023-02-01 | $142,725 (20.3%) | $203,189 (10.2%) | 0.00 | 123 |
| 2023-03-01 | $149,900 (22.4%) | $202,839 (7.0%) | 0.00 | 109 |
| 2023-04-01 | $167,450 (11.6%) | $216,576 (1.5%) | 0.00 | 113 |
| 2023-05-01 | $191,200 (2.0%) | $242,685 (-5.7%) | 0.00 | 121 |
| 2023-06-01 | $200,975 (21.0%) | $253,327 (10.6%) | 0.00 | 143 |
| 2023-07-01 | $189,900 (11.7%) | $254,147 (11.0%) | 0.00 | 157 |
| 2023-08-01 | $181,100 (9.6%) | $253,359 (12.3%) | 0.00 | 157 |
| 2023-09-01 | $177,500 (7.3%) | $232,498 (12.7%) | 0.00 | 181 |
| 2023-10-01 | $181,200 (13.3%) | $244,218 (26.2%) | 0.00 | 182 |
| 2023-11-01 | $177,450 (9.5%) | $245,673 (26.7%) | 0.00 | 189 |
| 2023-12-01 | $177,500 (10.9%) | $245,326 (24.7%) | 0.00 | 191 |
| 2024-01-01 | $169,450 (9.4%) | $235,703 (22.2%) | 0.00 | 174 |
| 2024-02-01 | $154,950 (8.6%) | $223,977 (10.2%) | 0.00 | 166 |
| 2024-03-01 | $169,900 (13.3%) | $240,467 (18.6%) | 0.00 | 141 |
St. Joseph's median listing price comes in at 0% of the national average.
St. Joseph's average listing price for 2024-03-01 was $240,467, a difference of $37,628 (18.6%) versus the prior year and $16,490 versus the prior month.
For the 2024-03-01 period, St. Joseph had 141 MLS listings, a difference of -25 listings (-15%) versus the prior month and 32 listings (29%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - St. Joseph (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,566 sqft |
| 2018-02-01 | 0 days | 1,546 sqft |
| 2018-03-01 | 0 days | 1,556 sqft |
| 2018-04-01 | 0 days | 1,543 sqft |
| 2018-05-01 | 0 days | 1,549 sqft |
| 2018-06-01 | 0 days | 1,520 sqft |
| 2018-07-01 | 0 days | 1,454 sqft |
| 2018-08-01 | 0 days | 1,503 sqft |
| 2018-09-01 | 0 days | 1,546 sqft |
| 2018-10-01 | 0 days | 1,533 sqft |
| 2018-11-01 | 0 days | 1,560 sqft |
| 2018-12-01 | 0 days | 1,560 sqft |
| 2019-01-01 | 0 days | 1,561 sqft |
| 2019-02-01 | 0 days | 1,555 sqft |
| 2019-03-01 | 0 days | 1,562 sqft |
| 2019-04-01 | 0 days | 1,550 sqft |
| 2019-05-01 | 0 days | 1,597 sqft |
| 2019-06-01 | 0 days | 1,600 sqft |
| 2019-07-01 | 0 days | 1,613 sqft |
| 2019-08-01 | 0 days | 1,653 sqft |
| 2019-09-01 | 0 days | 1,707 sqft |
| 2019-10-01 | 0 days | 1,733 sqft |
| 2019-11-01 | 0 days | 1,652 sqft |
| 2019-12-01 | 0 days | 1,600 sqft |
| 2020-01-01 | 0 days | 1,584 sqft |
| 2020-02-01 | 0 days | 1,518 sqft |
| 2020-03-01 | 0 days | 1,696 sqft |
| 2020-04-01 | 0 days | 1,667 sqft |
| 2020-05-01 | 0 days | 1,736 sqft |
| 2020-06-01 | 0 days | 1,719 sqft |
| 2020-07-01 | 0 days | 1,668 sqft |
| 2020-08-01 | 0 days | 1,652 sqft |
| 2020-09-01 | 0 days | 1,568 sqft |
| 2020-10-01 | 0 days | 1,576 sqft |
| 2020-11-01 | 0 days | 1,524 sqft |
| 2020-12-01 | 0 days | 1,483 sqft |
| 2021-01-01 | 0 days | 1,555 sqft |
| 2021-02-01 | 0 days | 1,568 sqft |
| 2021-03-01 | 0 days | 1,525 sqft |
| 2021-04-01 | 0 days | 1,512 sqft |
| 2021-05-01 | 0 days | 1,577 sqft |
| 2021-06-01 | 0 days | 1,500 sqft |
| 2021-07-01 | 0 days | 1,500 sqft |
| 2021-08-01 | 0 days | 1,524 sqft |
| 2021-09-01 | 0 days | 1,482 sqft |
| 2021-10-01 | 0 days | 1,440 sqft |
| 2021-11-01 | 0 days | 1,349 sqft |
| 2021-12-01 | 0 days | 1,352 sqft |
| 2022-01-01 | 0 days | 1,316 sqft |
| 2022-02-01 | 0 days | 1,338 sqft |
| 2022-03-01 | 0 days | 1,383 sqft |
| 2022-04-01 | 0 days | 1,553 sqft |
| 2022-05-01 | 0 days | 1,716 sqft |
| 2022-06-01 | 0 days | 1,589 sqft |
| 2022-07-01 | 0 days | 1,584 sqft |
| 2022-08-01 | 0 days | 1,526 sqft |
| 2022-09-01 | 0 days | 1,555 sqft |
| 2022-10-01 | 0 days | 1,476 sqft |
| 2022-11-01 | 0 days | 1,458 sqft |
| 2022-12-01 | 0 days | 1,524 sqft |
| 2023-01-01 | 0 days | 1,459 sqft |
| 2023-02-01 | 0 days | 1,342 sqft |
| 2023-03-01 | 0 days | 1,427 sqft |
| 2023-04-01 | 0 days | 1,594 sqft |
| 2023-05-01 | 0 days | 1,620 sqft |
| 2023-06-01 | 0 days | 1,656 sqft |
| 2023-07-01 | 0 days | 1,640 sqft |
| 2023-08-01 | 0 days | 1,685 sqft |
| 2023-09-01 | 0 days | 1,594 sqft |
| 2023-10-01 | 0 days | 1,574 sqft |
| 2023-11-01 | 0 days | 1,689 sqft |
| 2023-12-01 | 0 days | 1,710 sqft |
| 2024-01-01 | 0 days | 1,598 sqft |
| 2024-02-01 | 0 days | 1,588 sqft |
| 2024-03-01 | 0 days | 1,594 sqft |
St. Joseph's median square footage for active listings during the 2024-03-01 period was 1,594 sqft. One year prior, the average listing was 1,427 sqft.