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 60 lenders originated 328 USDA loans during 2023. The total origination value was $57,380,000, with an average USDA loan value of $174,939.

St. Louis USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in St. Louis averaged 6.59% for the week of 2024-06-14, compared to the national average (all USDA variants) of 6.709% for the same period.

St. Louis's average USDA mortgage closing costs are $4,582.

The average rate for the prior week (2024-06-07) was 6.88% and one month ago for the week of 2024-05-10, the average rate was 6.77%.

The average rate one year ago was 6.82%.

For refis of the same type during the week of 2024-06-14, the average rate was 7.05%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
GUILD MORTGAGE COMPANY 72 6.68% $6,593
BROKER SOLUTIONS, INC. 32 6.81% $6,019
DAS Acquisition Company, LLC 28 6.84% $5,902
FLAT BRANCH MORTGAGE, INC. 27 6.91% $5,377
GUARANTEED RATE, INC. 13 6.84% $5,019
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 6.96% $6,340
Carrollton Bank 11 6.65% $4,573
Bank of Washington 10 6.35% $5,394
UNITED WHOLESALE MORTGAGE, LLC 9 6.57% $6,872
HOMESTAR FINANCIAL CORPORATION 6 7.31% $4,185
First State Community Bank 6 6.46% $4,753
First Mid Bank & Trust 5 6.68% $4,159
GERSHMAN INVESTMENT CORP. 5 6.55% $4,975
DELMAR FINANCIAL COMPANY 4 6.56% $4,505
CARDINAL FINANCIAL 4 6.88% $6,467
Heartland Bank and Trust Company 4 6.63% $5,171
NEWREZ LLC 4 6.78% $5,466
AMERICAN PACIFIC MORTGAGE CORPORATION 3 6.25% $9,041
Sullivan Bank 3 6.42% $4,512
U.S. Bank 3 6.63% $5,029
First State Bank of St. Charles, Missouri 3 6.63% $6,852
LEADERONE FINANCIAL CORPORATION 3 5.96% $8,783
ON Q FINANCIAL, INC. 3 6.75% $5,530
CNB Bank And Trust, N.A. 2 7.81% $2,474
ENDEAVOR CAPITAL, LLC. 2 6.56% $6,235
FAMILY FINANCE MORTGAGE, LLC 2 6.88% $7,671
FCB Banks 2 6.13% $5,276
First Horizon Bank 2 6.38% $6,212
FIRST INTEGRITY MORTGAGE SERVICES, INC. 2 6.69% $5,003
Flagstar Bank, FSB 2 7.00% $4,347
ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 5.75% $5,763
Nations Lending Corporation 2 7.19% $3,123
PLAZA HOME MORTGAGE, INC. 2 6.25% $5,312
The Central Trust Bank 2 6.75% $6,017
United Bank of Union 2 6.75% $4,000
United Community Bank 2 6.88% $3,095
Bank of Springfield 1 6.00% $6,405
LOANDEPOT.COM, LLC 1 6.63% $5,914
MICHIGAN MUTUAL, INC. 1 6.50% $5,112
Mortgage Research Center, LLC 1 6.75% $2,068
AMCAP MORTGAGE, LTD. 1 6.88% $7,817
NATIONS RELIABLE LENDING, LLC 1 7.50% $7,153
1ST MIDAMERICA 1 6.00% $2,995
First Bank 1 7.63% $5,603
Paramount Residential Mortgage Group, Inc. 1 7.13% $4,659
Petefish, Skiles & Co. 1 7.75% $5,521
CHURCHILL MORTGAGE CORPORATION 1 6.63% $6,573
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $6,696
Regions Bank 1 7.25% $4,097
ROYAL UNITED MORTGAGE LLC 1 6.63% $7,991
Simmons Bank 1 6.00% $4,841
Stifel Bank and Trust 1 6.63% $3,942
Busey Bank 1 5.50% $3,562
United Fidelity Funding Corp. 1 7.00% $8,156
FREEDOM MORTGAGE CORPORATION 1 7.00% $8,912
UNION HOME MORTGAGE CORP. 1 6.63% $8,210
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 7.00% $4,362
Bank of England 1 6.25% $7,652
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.75% $4,669
Flanagan State Bank 1 7.13% $8,796

The top St. Louis USDA lender as defined by loan originations is GUILD MORTGAGE COMPANY, with 72 USDA loans originated. Their average total fees are $6,593, which is $574 higher than the next largest lender, BROKER SOLUTIONS, INC..

The lowest fee St. Louis USDA lenders (with over 10 loans originated) are Carrollton Bank ($4,573), GUARANTEED RATE, INC. ($5,019), FLAT BRANCH MORTGAGE, INC. ($5,377), Bank of Washington ($5,394) and DAS Acquisition Company, LLC ($5,902).

The lowest rate St. Louis USDA lenders (with over 10 loans originated) are Bank of Washington (6.35%), Carrollton Bank (6.65%), GUILD MORTGAGE COMPANY (6.68%), BROKER SOLUTIONS, INC. (6.81%) and GUARANTEED RATE, INC. (6.84%).


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%) $339,389 (11.1%) 0.72 5,558
2020-10-01 $243,800 (10.8%) $334,342 (10.6%) 0.70 5,660
2020-11-01 $235,900 (9.7%) $328,471 (9.5%) 0.69 5,297
2020-12-01 $230,238 (9.5%) $323,488 (11.6%) 0.68 4,754
2021-01-01 $239,950 (14.3%) $337,049 (17.2%) 0.72 4,017
2021-02-01 $249,900 (14.1%) $342,968 (15.1%) 0.73 3,541
2021-03-01 $252,450 (10.0%) $345,467 (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 (-1.6%) $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 (4.2%) $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
2024-01-01 $277,450 (2.8%) $339,364 (1.7%) 0.68 4,136
2024-02-01 $287,450 (5.8%) $352,864 (4.7%) 0.69 3,927
2024-03-01 $292,000 (4.7%) $362,286 (5.5%) 0.69 3,970
2024-04-01 $294,400 (3.3%) $376,256 (6.0%) 0.68 4,175
2024-05-01 $312,400 (10.9%) $397,865 (11.2%) 0.71 4,407
St. Louis's median listing price for 2024-05-01 was $312,400, a difference of $30,750 (10.9%) versus the prior year and $18,000 versus the prior month.

St. Louis's median listing price comes in at 71% of the national average.

St. Louis's average listing price for 2024-05-01 was $397,865, a difference of $39,901 (11.2%) versus the prior year and $21,609 versus the prior month.

For the 2024-05-01 period, St. Louis had 4,407 MLS listings, a difference of 232 listings (6%) versus the prior month and 652 listings (17%) 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 56 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 1,845 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 1,667 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 1,699 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
2024-01-01 59 days 1,612 sqft
2024-02-01 48 days 1,628 sqft
2024-03-01 39 days 1,630 sqft
2024-04-01 35 days 1,664 sqft
2024-05-01 32 days 1,718 sqft
St. Louis's median listing age (time on market) for 2024-05-01 was 32 days. This is -14% shorter than the same period one year ago.

St. Louis's median square footage for active listings during the 2024-05-01 period was 1,718 sqft. One year prior, the average listing was 1,687 sqft.