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 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 6.59% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

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

    The average rate for the prior week (2023-05-19) was 6.03% and one month ago for the week of 2023-04-21, the average rate was 6.34%.

    The average rate one year ago was 5.06%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.57%.

    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, Inc. 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 (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 (8.2%) $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 (5.5%) $280,394 (3.4%) 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 $219,900 (7.3%) $297,263 (2.1%) 0.73 7,652
    2019-04-01 $225,000 (4.7%) $304,967 (1.5%) 0.71 7,973
    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%) $313,324 (3.3%) 0.72 8,893
    2019-08-01 $229,900 (6.4%) $315,478 (5.4%) 0.72 8,858
    2019-09-01 $229,900 (6.9%) $317,200 (6.8%) 0.73 8,234
    2019-10-01 $220,000 (3.4%) $302,330 (2.8%) 0.71 9,194
    2019-11-01 $215,000 (2.4%) $299,910 (3.7%) 0.70 8,763
    2019-12-01 $210,200 (5.1%) $289,987 (3.4%) 0.70 7,794
    2020-01-01 $209,900 (5.2%) $287,622 (4.5%) 0.70 6,909
    2020-02-01 $218,900 (4.2%) $298,000 (2.2%) 0.72 6,367
    2020-03-01 $229,575 (4.4%) $305,672 (2.8%) 0.72 6,432
    2020-04-01 $231,500 (2.9%) $305,767 (0.3%) 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 (8.7%) $338,157 (7.2%) 0.72 5,621
    2020-09-01 $249,900 (8.7%) $339,370 (7.0%) 0.72 5,557
    2020-10-01 $243,400 (10.6%) $334,322 (10.6%) 0.70 5,659
    2020-11-01 $235,800 (9.7%) $328,448 (9.5%) 0.69 5,296
    2020-12-01 $230,150 (9.5%) $323,441 (11.5%) 0.68 4,753
    2021-01-01 $239,900 (14.3%) $337,023 (17.2%) 0.72 4,017
    2021-02-01 $249,900 (14.2%) $342,926 (15.1%) 0.73 3,540
    2021-03-01 $252,450 (10.0%) $345,425 (13.0%) 0.72 3,572
    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 4,539
    2021-11-01 $236,950 (0.5%) $336,776 (2.5%) 0.63 4,144
    2021-12-01 $239,950 (4.3%) $335,714 (3.8%) 0.65 3,462
    2022-01-01 $243,900 (1.7%) $336,432 (-0.2%) 0.66 3,009
    2022-02-01 $262,425 (5.0%) $343,890 (0.3%) 0.68 2,831
    2022-03-01 $270,100 (7.0%) $347,027 (0.5%) 0.68 2,914
    2022-04-01 $269,900 (4.4%) $337,084 (-5.2%) 0.64 3,112
    2022-05-01 $275,400 (8.0%) $347,316 (-2.9%) 0.63 3,650
    2022-06-01 $279,700 (9.3%) $352,883 (0.1%) 0.62 4,100
    2022-07-01 $275,000 (10.0%) $347,618 (0.2%) 0.62 4,648
    2022-08-01 $276,339 (10.6%) $346,192 (1.3%) 0.64 4,692
    2022-09-01 $274,972 (10.0%) $345,796 (2.1%) 0.64 4,696
    2022-10-01 $275,900 (15.0%) $340,580 (1.0%) 0.65 4,809
    2022-11-01 $274,000 (15.6%) $337,982 (0.4%) 0.66 4,783
    2022-12-01 $268,725 (12.0%) $329,575 (-1.8%) 0.66 4,223
    2023-01-01 $269,900 (10.7%) $333,821 (-0.8%) 0.67 3,782
    2023-02-01 $271,559 (3.5%) $337,055 (-2.0%) 0.66 3,499
    2023-03-01 $278,950 (3.3%) $343,394 (-1.1%) 0.66 3,477
    2023-04-01 $284,900 (5.6%) $355,297 (5.4%) 0.66 3,581
    St. Louis's median listing price for 2023-04-01 was $284,900, a difference of $15,000 (5.6%) versus the prior year and $5,950 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 2023-04-01 was $355,297, a difference of $18,213 (5.4%) versus the prior year and $11,903 versus the prior month.

    For the 2023-04-01 period, St. Louis had 3,581 MLS listings, a difference of 104 listings (3%) versus the prior month and 469 listings (15%) 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 1,650 sqft
    2018-02-01 82 days 1,670 sqft
    2018-03-01 59 days 1,728 sqft
    2018-04-01 57 days 1,754 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 1,732 sqft
    2018-09-01 63 days 1,724 sqft
    2018-10-01 66 days 1,710 sqft
    2018-11-01 69 days 1,690 sqft
    2018-12-01 80 days 1,673 sqft
    2019-01-01 92 days 1,652 sqft
    2019-02-01 89 days 1,705 sqft
    2019-03-01 66 days 1,735 sqft
    2019-04-01 54 days 1,743 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 67 days 1,779 sqft
    2019-09-01 74 days 1,787 sqft
    2019-10-01 66 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 1,810 sqft
    2020-06-01 70 days 1,842 sqft
    2020-07-01 63 days 1,845 sqft
    2020-08-01 60 days 1,812 sqft
    2020-09-01 73 days 1,810 sqft
    2020-10-01 72 days 1,776 sqft
    2020-11-01 78 days 1,747 sqft
    2020-12-01 82 days 1,713 sqft
    2021-01-01 75 days 1,728 sqft
    2021-02-01 71 days 1,715 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 1,689 sqft
    2021-09-01 43 days 1,671 sqft
    2021-10-01 45 days 1,638 sqft
    2021-11-01 47 days 1,609 sqft
    2021-12-01 55 days 1,604 sqft
    2022-01-01 59 days 1,600 sqft
    2022-02-01 51 days 1,619 sqft
    2022-03-01 40 days 1,656 sqft
    2022-04-01 36 days 1,651 sqft
    2022-05-01 33 days 1,667 sqft
    2022-06-01 35 days 1,695 sqft
    2022-07-01 37 days 1,680 sqft
    2022-08-01 41 days 1,680 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
    2022-12-01 55 days 1,659 sqft
    2023-01-01 66 days 1,653 sqft
    2023-02-01 67 days 1,652 sqft
    2023-03-01 51 days 1,659 sqft
    2023-04-01 43 days 1,700 sqft
    St. Louis's median listing age (time on market) for 2023-04-01 was 43 days. This is 19% longer than the same period one year ago.

    St. Louis's median square footage for active listings during the 2023-04-01 period was 1,700 sqft. One year prior, the average listing was 1,651 sqft.