St. Louis USDA Loan Rates, Closing Costs & Stats

ST. LOUIS, MO-IL

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. Louis's 80 lenders originated 513 USDA loans during 2022. The total origination value was $86,445,000, with an average USDA loan value of $168,509.

St. Louis USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in St. Louis averaged 6.24% for the week of 2024-02-16, compared to the national average (all USDA variants) of 6.685% for the same period.

St. Louis's average USDA mortgage closing costs are $4,504.

The average rate for the prior week (2024-02-09) was 6.28% and one month ago for the week of 2024-01-12, the average rate was 6.4%.

The average rate one year ago was 5.93%.

For refis of the same type during the week of 2024-02-16, the average rate was 5.42%.

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

St. Louis 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. Louis level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
GUILD MORTGAGE COMPANY 81 5.06% $6,328
FLAT BRANCH MORTGAGE, INC. 37 4.91% $5,005
DAS Acquisition Company, LLC 37 5.06% $6,348
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 27 4.92% $5,613
GERSHMAN INVESTMENT CORP. 22 4.66% $5,510
BROKER SOLUTIONS, INC. 17 5.15% $6,174
GUARANTEED RATE, INC. 17 5.42% $5,034
First Mid Bank & Trust 17 4.11% $3,563
United Community Bank 15 5.00% $2,908
DELMAR FINANCIAL COMPANY 15 4.92% $5,849
ENDEAVOR CAPITAL, LLC. 11 5.15% $5,208
The Central Trust Bank 10 4.68% $6,008
Sullivan Bank 9 4.65% $4,411
FCB Banks 8 4.08% $3,962
U.S. Bank 8 4.94% $4,139
HOMESTAR FINANCIAL CORPORATION 7 4.82% $3,292
Bank of Washington 7 3.86% $4,476
UNITED WHOLESALE MORTGAGE, LLC 7 4.52% $4,882
Carrollton Bank 7 4.69% $4,383
GUARANTEED RATE AFFINITY, LLC 7 5.61% $5,905
CNB Bank And Trust, N.A. 7 6.02% $2,733
PENNYMAC LOAN SERVICES, LLC 6 3.18% $5,169
AMERICAN HOME LENDING USA, LLC 5 5.55% $5,115
UNION HOME MORTGAGE CORP. 5 4.43% $5,618
CMG MORTGAGE, INC. 5 3.90% $4,094
First State Community Bank 5 4.70% $4,715
Town & Country Banc Mortgage Services 4 5.00% $4,512
Midland States Bank 4 4.88% $4,141
ARK-LA-TEX FINANCIAL SERVICES, LLC. 4 5.72% $6,148
Paramount Residential Mortgage Group, Inc. 4 5.56% $5,276
First State Bank of St. Charles, Missouri 4 4.09% $5,701
Flagstar Bank, FSB 4 4.12% $4,892
NEWREZ LLC 4 4.22% $5,019
FRONTIER FINANCIAL, INC. 4 4.63% $4,408
Stifel Bank and Trust 4 3.50% $5,172
Plains Commerce Bank 3 4.96% $4,866
CALIBER HOME LOANS, INC. 3 3.51% $4,455
United Bank of Union 3 5.38% $3,376
Peoples National Bank , N.A. 3 3.79% $3,110
PLAZA HOME MORTGAGE, INC. 3 4.25% $5,079
Bankers' Bank 2 5.00% $3,380
Bank of England 2 4.88% $6,990
TOP FLITE FINANCIAL, INC. 2 4.38% $4,044
HOME POINT FINANCIAL CORPORATION 2 3.38% $5,079
PRIMARY RESIDENTIAL MORTGAGE, INC. 2 3.94% $5,307
Equity Prime Mortgage LLC 2 5.00% $6,751
THOMPSON KANE & COMPANY, LLC 2 3.13% $3,810
GENEVA FINANCIAL, LLC 2 5.88% $10,826
U S WIDE FINANCIAL LLC 1 3.88% $3,415
ACCESS CAPITAL FUNDING, L.L.C. 1 3.75% $4,261
American Bank of Missouri 1 3.63% $7,455
AMERICAN FINANCIAL RESOURCES, INC. 1 6.50% $4,739
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.63% $5,232
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 2.88% $4,918
Associated Bank 1 5.50% $2,625
Bank of Springfield 1 4.88% $3,727
CARDINAL FINANCIAL 1 5.75% $6,954
Carrington Mortgage Services, LLC 1 5.63% $6,396
Commerce Bank 1 5.63% $2,602
Community Mortgage Banc Corporation 1 5.38% $3,646
Dieterich Bank 1 4.38% $2,817
FAMILY FINANCE MORTGAGE, LLC 1 3.75% $5,214
First Bank 1 3.25% $5,201
First Guaranty Mortgage Corporation 1 3.75% $5,326
FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 5.75% $4,443
GMFS LLC 1 4.38% $4,864
GSF Mortgage Corporation 1 4.63% $7,826
LEADERONE FINANCIAL CORPORATION 1 4.00% $4,715
Marine Bank 1 4.50% $3,305
MUTUAL OF OMAHA MORTGAGE, INC. 1 6.13% $7,494
Nations Lending Corporation 1 5.75% $6,128
ON Q FINANCIAL, INC. 1 4.75% $4,120
Paramount Bank 1 5.25% $6,052
Petefish, Skiles & Co. 1 6.25% $3,960
PLANET HOME LENDING, LLC 1 3.75% $4,087
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.25% $7,659
Prosperity Home Mortgage, LLC 1 5.38% $6,381
RESIDENTIAL BANCORP 1 5.75% $6,738
TOWNE MORTGAGE COMPANY 1 4.75% $6,249
1ST MIDAMERICA 1 5.63% $3,764

The top St. Louis USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 81 USDA loans originated. Their average total fees are $6,328, which is $1,323 higher than the next largest lender, FLAT BRANCH MORTGAGE, INC..

The lowest fee St. Louis USDA lenders (with over 10 loans originated) are United Community Bank ($2,908), First Mid Bank & Trust ($3,563), FLAT BRANCH MORTGAGE, INC. ($5,005), GUARANTEED RATE, INC. ($5,034) and ENDEAVOR CAPITAL, LLC. ($5,208).

The lowest rate St. Louis USDA lenders (with over 10 loans originated) are First Mid Bank & Trust (4.11%), GERSHMAN INVESTMENT CORP. (4.66%), The Central Trust Bank (4.68%), FLAT BRANCH MORTGAGE, INC. (4.91%) and DELMAR FINANCIAL COMPANY (4.92%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - St. Louis (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 $189,400 (11.9%) $269,607 (6.0%) 0.70 8,422
2018-02-01 $193,450 (12.2%) $277,213 (5.7%) 0.70 8,301
2018-03-01 $205,000 (11.0%) $291,265 (6.0%) 0.72 8,652
2018-04-01 $214,875 (11.8%) $300,549 (6.1%) 0.73 8,742
2018-05-01 $219,900 (9.3%) $306,148 (4.6%) 0.73 9,152
2018-06-01 $219,900 (8.1%) $308,574 (5.3%) 0.73 9,728
2018-07-01 $216,750 (8.4%) $303,344 (5.3%) 0.72 10,254
2018-08-01 $216,000 (9.8%) $299,330 (6.6%) 0.72 10,480
2018-09-01 $215,000 (9.7%) $297,128 (5.3%) 0.72 10,485
2018-10-01 $212,725 (6.7%) $294,146 (3.5%) 0.72 10,575
2018-11-01 $209,900 (8.1%) $289,261 (3.6%) 0.71 10,105
2018-12-01 $200,000 (5.4%) $280,394 (3.3%) 0.69 9,044
2019-01-01 $199,550 (5.4%) $275,229 (2.1%) 0.69 7,920
2019-02-01 $210,000 (8.6%) $291,481 (5.2%) 0.71 7,560
2019-03-01 $219,229 (6.9%) $298,617 (2.5%) 0.72 7,742
2019-04-01 $225,000 (4.7%) $305,034 (1.5%) 0.71 7,961
2019-05-01 $231,450 (5.3%) $313,299 (2.3%) 0.72 8,254
2019-06-01 $234,900 (6.8%) $316,951 (2.7%) 0.73 8,574
2019-07-01 $229,450 (5.9%) $313,345 (3.3%) 0.72 8,892
2019-08-01 $226,545 (4.9%) $309,115 (3.3%) 0.72 9,029
2019-09-01 $222,864 (3.7%) $305,504 (2.8%) 0.71 9,135
2019-10-01 $220,000 (3.4%) $302,348 (2.8%) 0.71 9,189
2019-11-01 $215,000 (2.4%) $299,928 (3.7%) 0.70 8,762
2019-12-01 $210,225 (5.1%) $290,006 (3.4%) 0.70 7,793
2020-01-01 $209,900 (5.2%) $287,643 (4.5%) 0.70 6,908
2020-02-01 $218,950 (4.3%) $298,000 (2.2%) 0.72 6,367
2020-03-01 $229,575 (4.7%) $305,672 (2.4%) 0.72 6,432
2020-04-01 $231,500 (2.9%) $305,767 (0.2%) 0.73 6,463
2020-05-01 $247,900 (7.1%) $320,854 (2.4%) 0.75 6,320
2020-06-01 $249,900 (6.4%) $333,864 (5.3%) 0.74 6,016
2020-07-01 $249,950 (8.9%) $336,803 (7.5%) 0.72 5,763
2020-08-01 $249,900 (10.3%) $338,174 (9.4%) 0.72 5,622
2020-09-01 $249,900 (12.1%) $339,349 (11.1%) 0.72 5,558
2020-10-01 $243,400 (10.6%) $334,306 (10.6%) 0.70 5,659
2020-11-01 $235,800 (9.7%) $328,433 (9.5%) 0.69 5,296
2020-12-01 $230,150 (9.5%) $323,450 (11.5%) 0.68 4,753
2021-01-01 $239,950 (14.3%) $337,006 (17.2%) 0.72 4,016
2021-02-01 $249,900 (14.1%) $342,968 (15.1%) 0.73 3,541
2021-03-01 $252,450 (10.0%) $345,449 (13.0%) 0.72 3,573
2021-04-01 $258,600 (11.7%) $355,697 (16.3%) 0.70 3,564
2021-05-01 $254,900 (2.8%) $357,526 (11.4%) 0.68 3,474
2021-06-01 $255,800 (2.4%) $352,428 (5.6%) 0.67 3,848
2021-07-01 $250,000 (0.0%) $346,893 (3.0%) 0.66 4,596
2021-08-01 $249,900 (0.0%) $341,848 (1.1%) 0.67 4,766
2021-09-01 $249,900 (0.0%) $338,695 (-0.2%) 0.67 4,700
2021-10-01 $240,000 (-1.4%) $337,379 (0.9%) 0.64 4,538
2021-11-01 $236,950 (0.5%) $336,788 (2.5%) 0.63 4,143
2021-12-01 $239,950 (4.3%) $335,658 (3.8%) 0.65 3,461
2022-01-01 $243,300 (1.4%) $336,432 (-0.2%) 0.66 3,008
2022-02-01 $262,450 (5.0%) $343,962 (0.3%) 0.68 2,830
2022-03-01 $270,100 (7.0%) $347,063 (0.5%) 0.68 2,915
2022-04-01 $269,900 (4.4%) $337,220 (-5.2%) 0.64 3,113
2022-05-01 $275,400 (8.0%) $347,309 (-2.9%) 0.63 3,651
2022-06-01 $279,700 (9.3%) $352,861 (0.1%) 0.62 4,102
2022-07-01 $275,000 (10.0%) $347,854 (0.3%) 0.62 4,650
2022-08-01 $276,339 (10.6%) $345,989 (1.2%) 0.64 4,694
2022-09-01 $274,950 (10.0%) $345,774 (2.1%) 0.64 4,697
2022-10-01 $275,900 (15.0%) $340,533 (0.9%) 0.65 4,810
2022-11-01 $274,200 (15.7%) $337,965 (0.4%) 0.66 4,784
2022-12-01 $269,000 (12.1%) $329,391 (-1.9%) 0.66 4,223
2023-01-01 $269,900 (10.9%) $333,777 (-0.8%) 0.67 3,782
2023-02-01 $271,750 (3.5%) $336,969 (-2.0%) 0.66 3,499
2023-03-01 $278,950 (3.3%) $343,433 (-1.1%) 0.66 3,477
2023-04-01 $284,900 (5.6%) $355,059 (5.3%) 0.66 3,580
2023-05-01 $281,650 (2.3%) $357,964 (3.1%) 0.64 3,755
2023-06-01 $289,423 (3.5%) $362,670 (2.8%) 0.65 3,975
2023-07-01 $288,900 (5.1%) $359,779 (3.4%) 0.66 4,296
2023-08-01 $283,763 (2.7%) $352,539 (1.9%) 0.65 4,393
2023-09-01 $279,900 (1.8%) $348,374 (0.8%) 0.65 4,869
2023-10-01 $277,000 (0.4%) $346,814 (1.8%) 0.65 5,123
2023-11-01 $275,000 (0.3%) $343,496 (1.6%) 0.65 5,159
2023-12-01 $274,900 (2.2%) $335,628 (1.9%) 0.67 4,650
St. Louis's median listing price for 2023-12-01 was $274,900, a difference of $5,900 (2.2%) versus the prior year and $-100 versus the prior month.

St. Louis's median listing price comes in at 67% of the national average.

St. Louis's average listing price for 2023-12-01 was $335,628, a difference of $6,237 (1.9%) versus the prior year and $-7,868 versus the prior month.

For the 2023-12-01 period, St. Louis had 4,650 MLS listings, a difference of -509 listings (-10%) versus the prior month and 427 listings (10%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - St. Louis (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 79 days 1,653 sqft
2018-02-01 72 days 1,670 sqft
2018-03-01 51 days 1,724 sqft
2018-04-01 51 days 1,754 sqft
2018-05-01 50 days 1,764 sqft
2018-06-01 48 days 1,758 sqft
2018-07-01 50 days 1,746 sqft
2018-08-01 53 days 1,733 sqft
2018-09-01 57 days 1,723 sqft
2018-10-01 59 days 1,710 sqft
2018-11-01 62 days 1,689 sqft
2018-12-01 72 days 1,673 sqft
2019-01-01 82 days 1,651 sqft
2019-02-01 75 days 1,705 sqft
2019-03-01 60 days 1,734 sqft
2019-04-01 47 days 1,745 sqft
2019-05-01 49 days 1,756 sqft
2019-06-01 51 days 1,764 sqft
2019-07-01 53 days 1,753 sqft
2019-08-01 53 days 1,744 sqft
2019-09-01 55 days 1,735 sqft
2019-10-01 57 days 1,728 sqft
2019-11-01 68 days 1,700 sqft
2019-12-01 83 days 1,678 sqft
2020-01-01 85 days 1,653 sqft
2020-02-01 83 days 1,682 sqft
2020-03-01 51 days 1,738 sqft
2020-04-01 56 days 1,761 sqft
2020-05-01 60 days 1,808 sqft
2020-06-01 59 days 1,842 sqft
2020-07-01 53 days 1,846 sqft
2020-08-01 52 days 1,811 sqft
2020-09-01 60 days 1,810 sqft
2020-10-01 60 days 1,776 sqft
2020-11-01 65 days 1,747 sqft
2020-12-01 69 days 1,713 sqft
2021-01-01 64 days 1,728 sqft
2021-02-01 57 days 1,715 sqft
2021-03-01 47 days 1,728 sqft
2021-04-01 41 days 1,731 sqft
2021-05-01 39 days 1,700 sqft
2021-06-01 37 days 1,705 sqft
2021-07-01 35 days 1,708 sqft
2021-08-01 37 days 1,688 sqft
2021-09-01 40 days 1,671 sqft
2021-10-01 42 days 1,638 sqft
2021-11-01 43 days 1,609 sqft
2021-12-01 50 days 1,603 sqft
2022-01-01 53 days 1,600 sqft
2022-02-01 42 days 1,619 sqft
2022-03-01 34 days 1,655 sqft
2022-04-01 32 days 1,651 sqft
2022-05-01 30 days 1,666 sqft
2022-06-01 32 days 1,695 sqft
2022-07-01 35 days 1,680 sqft
2022-08-01 37 days 1,678 sqft
2022-09-01 42 days 1,680 sqft
2022-10-01 41 days 1,680 sqft
2022-11-01 43 days 1,678 sqft
2022-12-01 53 days 1,659 sqft
2023-01-01 64 days 1,653 sqft
2023-02-01 64 days 1,652 sqft
2023-03-01 47 days 1,659 sqft
2023-04-01 39 days 1,698 sqft
2023-05-01 37 days 1,687 sqft
2023-06-01 39 days 1,700 sqft
2023-07-01 38 days 1,680 sqft
2023-08-01 37 days 1,667 sqft
2023-09-01 38 days 1,640 sqft
2023-10-01 42 days 1,644 sqft
2023-11-01 44 days 1,636 sqft
2023-12-01 53 days 1,612 sqft
St. Louis's median listing age (time on market) for 2023-12-01 was 53 days. This is 0% longer than the same period one year ago.

St. Louis's median square footage for active listings during the 2023-12-01 period was 1,612 sqft. One year prior, the average listing was 1,659 sqft.