St. Louis USDA Loan Rates, Closing Costs & Stats

ST. LOUIS, MO-IL

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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.

    St. Louis's 98 lenders originated 1,204 USDA loans during 2021. The total origination value was $199,080,000, with an average USDA loan value of $165,349.

    St. Louis USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in St. Louis averaged 6.25% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

    St. Louis's average USDA mortgage closing costs are $4,423.

    The average rate for the prior week (2022-11-25) was 6.79% and one month ago for the week of 2022-10-28, the average rate was 6.76%.

    The average rate one year ago was 3.45%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.47%.

    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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    GUILD MORTGAGE COMPANY 193 3.16% $4,936
    DAS Acquisition Company, LLC 147 3.13% $4,985
    FLAT BRANCH MORTGAGE, INC. 74 3.18% $4,301
    BROKER SOLUTIONS, INC. 64 3.29% $4,519
    GERSHMAN INVESTMENT CORP. 60 2.94% $4,259
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 57 3.18% $4,472
    GUARANTEED RATE, INC. 39 3.06% $4,297
    FCB Banks 33 2.42% $3,539
    United Community Bank 32 2.76% $2,617
    Carrollton Bank 28 2.58% $3,851
    DELMAR FINANCIAL COMPANY 27 2.96% $4,152
    Bank of Washington 26 2.76% $4,610
    First Mid Bank & Trust 22 2.34% $3,597
    First State Bank of St. Charles, Missouri 19 2.53% $5,112
    ENDEAVOR CAPITAL, LLC. 17 3.18% $4,489
    Sullivan Bank 15 3.13% $4,176
    United Bank of Union 13 3.73% $3,615
    U.S. Bank 12 3.12% $4,321
    HOME POINT FINANCIAL CORPORATION 12 2.94% $4,287
    Flagstar Bank, FSB 12 2.93% $4,941
    First State Community Bank 11 2.55% $4,245
    First Guaranty Mortgage Corporation 11 3.18% $4,837
    GUARANTEED RATE AFFINITY, LLC 11 3.06% $5,056
    FAMILY FINANCE MORTGAGE, LLC 11 3.00% $5,186
    UNION HOME MORTGAGE CORP. 10 3.03% $5,145
    NEWREZ LLC 10 2.49% $4,965
    HOMESTAR FINANCIAL CORPORATION 9 3.06% $2,154
    Town & Country Banc Mortgage Services, Inc. 9 3.58% $2,983
    Midwest BankCentre 9 2.42% $4,361
    The Central Trust Bank 9 2.86% $5,396
    PENNYMAC LOAN SERVICES, LLC 8 3.05% $5,141
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 7 3.20% $5,601
    LEADERONE FINANCIAL CORPORATION 6 3.06% $4,851
    AMERICAN HOME LENDING USA, LLC 6 3.02% $5,378
    CNB Bank And Trust, N.A. 6 3.13% $2,757
    DIAMOND RESIDENTIAL MORTGAGE CORPORATION 6 3.15% $3,633
    D.W. BROWN MORTGAGE CORP. 6 3.10% $1,396
    FRONTIER FINANCIAL, INC. 6 3.04% $4,132
    Regions Bank 6 3.04% $2,755
    UNITED WHOLESALE MORTGAGE, LLC 6 2.90% $5,344
    Colten Mortgage, LLC 5 2.85% $5,258
    LOANDEPOT.COM, LLC 5 2.88% $5,400
    CMG MORTGAGE, INC. 4 2.97% $3,281
    AMERICAN PORTFOLIO MORTGAGE CORPORATION 4 2.81% $4,509
    Paramount Residential Mortgage Group, Inc. 4 2.88% $4,856
    Bank of England 4 3.78% $7,820
    Community Mortgage Banc Corporation 3 3.21% $3,260
    CITIZENS EQUITY FIRST 3 2.75% $1,970
    FIRST COMMUNITY MORTGAGE, INC. 3 3.13% $4,923
    First Horizon Bank 3 2.67% $4,930
    NORTHERN MORTGAGE SERVICES, LLC 3 3.13% $2,788
    MICHIGAN MUTUAL, INC. 3 2.83% $5,872
    First Bank 3 2.75% $4,849
    THOMPSON KANE & COMPANY, LLC 3 2.66% $4,475
    Stifel Bank and Trust 3 2.25% $3,616
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 3.63% $4,764
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 3.00% $3,353
    Equity Prime Mortgage LLC 2 3.06% $5,080
    CELEBRITY HOME LOANS, LLC 2 2.50% $5,064
    Midland States Bank 2 2.94% $3,014
    Bell Bank 2 2.81% $6,604
    Peoples National Bank , N.A. 2 2.88% $3,754
    Plains Commerce Bank 2 3.44% $3,450
    PLANET HOME LENDING, LLC 2 2.69% $2,171
    Bank of Springfield 2 2.25% $4,228
    TOP FLITE FINANCIAL, INC. 2 3.81% $4,174
    Bankers' Bank 2 2.88% $3,099
    Austin Capital Bank SSB 2 2.81% $4,716
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 2 3.19% $3,199
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 1 2.63% $4,148
    CHURCHILL MORTGAGE CORPORATION 1 3.38% $4,979
    ON Q FINANCIAL, INC. 1 3.75% $4,386
    Paramount Bank 1 2.88% $5,519
    HALLMARK HOME MORTGAGE, LLC 1 3.25% $4,231
    Flanagan State Bank 1 2.75% $9,847
    TOWNE MORTGAGE COMPANY 1 2.63% $4,456
    TruHome Solutions, LLC 1 3.00% $4,470
    First Home Bank 1 3.13% $6,635
    PLAZA HOME MORTGAGE, INC. 1 3.75% $3,189
    GENEVA FINANCIAL, LLC 1 2.88% $5,635
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.38% $8,677
    Wells Fargo Bank 1 2.75% $3,334
    FREEDOM MORTGAGE CORPORATION 1 2.75% $5,413
    BAYSHORE MORTGAGE FUNDING, LLC 1 3.38% $5,514
    SUN WEST MORTGAGE COMPANY, INC. 1 2.75% $3,774
    F&B Acquisition Group LLC 1 2.88% $3,357
    The Federal Savings Bank 1 2.75% $3,302
    COMMUNITY MORTGAGE, LLC 1 2.25% $4,050
    INB 1 2.88% $2,692
    KELLER MORTGAGE, LLC 1 2.25% $4,225
    ACCESS CAPITAL FUNDING, L.L.C. 1 2.63% $2,242
    Hometown Lenders, Inc. 1 2.75% $3,238
    Magnolia Bank 1 2.75% $1,318
    Hometown Equity Mortgage, LLC 1 3.13% $6,355
    Associated Bank 1 2.88% $3,636
    Carrington Mortgage Services, LLC 1 2.63% $4,832
    MOVEMENT MORTGAGE, LLC 1 2.63% $3,347
    NATIONS RELIABLE LENDING, LLC 1 3.38% $6,349

    The top St. Louis USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 193 USDA loans originated. Their average total fees are $4,936, which is $49 lower than the next largest lender, DAS Acquisition Company, LLC.

    The lowest fee St. Louis USDA lenders (with over 10 loans originated) are United Community Bank ($2,617), FCB Banks ($3,539), First Mid Bank & Trust ($3,597), United Bank of Union ($3,615) and Carrollton Bank ($3,851).

    The lowest rate St. Louis USDA lenders (with over 10 loans originated) are First Mid Bank & Trust (2.34%), FCB Banks (2.42%), NEWREZ LLC (2.49%), First State Bank of St. Charles, Missouri (2.53%) and First State Community Bank (2.55%).

    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 (12.0%) $269,594 (6.1%) 0.70 8,422
    2018-02-01 $193,450 (12.2%) $277,213 (5.8%) 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 (9.8%) $297,128 (5.4%) 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%) $289,262 (3.7%) 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%) $298,622 (2.5%) 0.72 7,745
    2019-04-01 $225,000 (4.7%) $305,004 (1.5%) 0.71 7,968
    2019-05-01 $231,450 (5.3%) $313,259 (2.3%) 0.72 8,264
    2019-06-01 $234,900 (6.8%) $316,897 (2.7%) 0.73 8,583
    2019-07-01 $229,450 (5.9%) $313,261 (3.3%) 0.72 8,906
    2019-08-01 $226,545 (4.9%) $309,031 (3.2%) 0.72 9,042
    2019-09-01 $222,864 (3.7%) $305,407 (2.8%) 0.71 9,149
    2019-10-01 $220,000 (3.4%) $302,247 (2.8%) 0.71 9,204
    2019-11-01 $215,000 (2.4%) $299,822 (3.7%) 0.70 8,777
    2019-12-01 $210,225 (5.1%) $289,916 (3.4%) 0.70 7,807
    2020-01-01 $209,900 (5.2%) $287,541 (4.5%) 0.70 6,923
    2020-02-01 $218,900 (4.2%) $297,908 (2.2%) 0.72 6,381
    2020-03-01 $229,700 (4.8%) $305,565 (2.3%) 0.72 6,447
    2020-04-01 $231,500 (2.9%) $305,637 (0.2%) 0.72 6,478
    2020-05-01 $247,595 (7.0%) $320,691 (2.4%) 0.75 6,335
    2020-06-01 $249,900 (6.4%) $333,648 (5.3%) 0.74 6,031
    2020-07-01 $249,950 (8.9%) $336,577 (7.4%) 0.72 5,778
    2020-08-01 $249,900 (10.3%) $337,934 (9.4%) 0.72 5,636
    2020-09-01 $249,900 (12.1%) $339,133 (11.0%) 0.72 5,572
    2020-10-01 $243,000 (10.5%) $334,097 (10.5%) 0.70 5,674
    2020-11-01 $235,700 (9.6%) $328,219 (9.5%) 0.69 5,311
    2020-12-01 $230,150 (9.5%) $323,217 (11.5%) 0.68 4,768
    2021-01-01 $239,900 (14.3%) $336,770 (17.1%) 0.72 4,031
    2021-02-01 $249,900 (14.2%) $342,657 (15.0%) 0.73 3,552
    2021-03-01 $252,250 (9.8%) $345,152 (13.0%) 0.72 3,584
    2021-04-01 $258,500 (11.7%) $355,398 (16.3%) 0.70 3,576
    2021-05-01 $254,900 (3.0%) $357,219 (11.4%) 0.67 3,485
    2021-06-01 $255,060 (2.1%) $352,216 (5.6%) 0.67 3,858
    2021-07-01 $250,000 (0.0%) $346,688 (3.0%) 0.66 4,604
    2021-08-01 $249,900 (0.0%) $341,721 (1.1%) 0.67 4,773
    2021-09-01 $249,900 (0.0%) $338,618 (-0.2%) 0.67 4,710
    2021-10-01 $240,000 (-1.2%) $337,190 (0.9%) 0.64 4,549
    2021-11-01 $236,900 (0.5%) $336,579 (2.6%) 0.63 4,154
    2021-12-01 $239,900 (4.2%) $335,333 (3.8%) 0.65 3,473
    2022-01-01 $241,900 (0.8%) $336,204 (-0.2%) 0.65 3,021
    2022-02-01 $262,400 (5.0%) $343,364 (0.2%) 0.68 2,844
    2022-03-01 $269,950 (7.0%) $346,637 (0.4%) 0.68 2,929
    2022-04-01 $269,900 (4.4%) $336,744 (-5.3%) 0.64 3,126
    2022-05-01 $274,900 (7.9%) $346,959 (-2.9%) 0.63 3,665
    2022-06-01 $279,450 (9.6%) $352,559 (0.1%) 0.62 4,116
    2022-07-01 $275,000 (10.0%) $347,339 (0.2%) 0.62 4,664
    2022-08-01 $275,950 (10.4%) $345,914 (1.2%) 0.64 4,708
    2022-09-01 $274,950 (10.0%) $345,527 (2.0%) 0.64 4,712
    2022-10-01 $275,566 (14.8%) $340,320 (0.9%) 0.65 4,825
    2022-11-01 $273,000 (15.2%) $337,717 (0.3%) 0.66 4,799
    St. Louis's median listing price for 2022-11-01 was $273,000, a difference of $36,100 (15.2%) versus the prior year and $-2,566 versus the prior month.

    St. Louis's median listing price comes in at 66% of the national average.

    St. Louis's average listing price for 2022-11-01 was $337,717, a difference of $1,138 (0.3%) versus the prior year and $-2,603 versus the prior month.

    For the 2022-11-01 period, St. Louis had 4,799 MLS listings, a difference of -26 listings (-1%) versus the prior month and 645 listings (16%) 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 87 days 1,654 sqft
    2018-02-01 82 days 1,672 sqft
    2018-03-01 59 days 1,728 sqft
    2018-04-01 57 days 1,755 sqft
    2018-05-01 57 days 1,764 sqft
    2018-06-01 54 days 1,758 sqft
    2018-07-01 57 days 1,746 sqft
    2018-08-01 58 days 1,733 sqft
    2018-09-01 63 days 1,724 sqft
    2018-10-01 66 days 1,711 sqft
    2018-11-01 69 days 1,691 sqft
    2018-12-01 80 days 1,673 sqft
    2019-01-01 92 days 1,653 sqft
    2019-02-01 89 days 1,705 sqft
    2019-03-01 71 days 1,734 sqft
    2019-04-01 54 days 1,745 sqft
    2019-05-01 54 days 1,756 sqft
    2019-06-01 57 days 1,764 sqft
    2019-07-01 59 days 1,753 sqft
    2019-08-01 60 days 1,744 sqft
    2019-09-01 62 days 1,735 sqft
    2019-10-01 65 days 1,728 sqft
    2019-11-01 79 days 1,700 sqft
    2019-12-01 92 days 1,678 sqft
    2020-01-01 99 days 1,653 sqft
    2020-02-01 99 days 1,682 sqft
    2020-03-01 63 days 1,738 sqft
    2020-04-01 65 days 1,761 sqft
    2020-05-01 67 days 1,804 sqft
    2020-06-01 70 days 1,841 sqft
    2020-07-01 63 days 1,844 sqft
    2020-08-01 60 days 1,810 sqft
    2020-09-01 73 days 1,810 sqft
    2020-10-01 72 days 1,771 sqft
    2020-11-01 78 days 1,746 sqft
    2020-12-01 83 days 1,712 sqft
    2021-01-01 75 days 1,724 sqft
    2021-02-01 71 days 1,714 sqft
    2021-03-01 57 days 1,728 sqft
    2021-04-01 49 days 1,731 sqft
    2021-05-01 43 days 1,700 sqft
    2021-06-01 40 days 1,705 sqft
    2021-07-01 38 days 1,708 sqft
    2021-08-01 39 days 1,688 sqft
    2021-09-01 43 days 1,672 sqft
    2021-10-01 45 days 1,639 sqft
    2021-11-01 47 days 1,609 sqft
    2021-12-01 55 days 1,603 sqft
    2022-01-01 60 days 1,600 sqft
    2022-02-01 52 days 1,619 sqft
    2022-03-01 40 days 1,656 sqft
    2022-04-01 36 days 1,652 sqft
    2022-05-01 33 days 1,667 sqft
    2022-06-01 35 days 1,694 sqft
    2022-07-01 37 days 1,680 sqft
    2022-08-01 41 days 1,678 sqft
    2022-09-01 45 days 1,680 sqft
    2022-10-01 44 days 1,680 sqft
    2022-11-01 44 days 1,677 sqft
    St. Louis's median listing age (time on market) for 2022-11-01 was 44 days. This is -5% shorter than the same period one year ago.

    St. Louis's median square footage for active listings during the 2022-11-01 period was 1,677 sqft. One year prior, the average listing was 1,609 sqft.