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 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 6.58% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.52% and one month ago for the week of 2024-11-08, the average rate was 6.53%.

    The average rate one year ago was 6.8%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.65%.

    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
    2024-06-01 $312,900 (8.1%) $400,269 (10.4%) 0.70 4,792
    2024-07-01 $307,450 (6.4%) $398,529 (10.8%) 0.70 4,935
    2024-08-01 $301,900 (6.4%) $393,108 (11.5%) 0.70 5,166
    2024-09-01 $299,900 (7.2%) $386,448 (10.9%) 0.71 5,473
    2024-10-01 $299,450 (8.1%) $383,354 (10.5%) 0.70 5,614
    2024-11-01 $289,900 (5.4%) $370,318 (7.8%) 0.70 5,727
    St. Louis's median listing price for 2024-11-01 was $289,900, a difference of $14,900 (5.4%) versus the prior year and $-9,550 versus the prior month.

    St. Louis's median listing price comes in at 70% of the national average.

    St. Louis's average listing price for 2024-11-01 was $370,318, a difference of $26,822 (7.8%) versus the prior year and $-13,036 versus the prior month.

    For the 2024-11-01 period, St. Louis had 5,727 MLS listings, a difference of 113 listings (2%) versus the prior month and 568 listings (11%) 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
    2024-06-01 37 days 1,728 sqft
    2024-07-01 39 days 1,720 sqft
    2024-08-01 41 days 1,695 sqft
    2024-09-01 45 days 1,749 sqft
    2024-10-01 46 days 1,861 sqft
    2024-11-01 51 days 1,826 sqft
    St. Louis's median listing age (time on market) for 2024-11-01 was 51 days. This is 16% longer than the same period one year ago.

    St. Louis's median square footage for active listings during the 2024-11-01 period was 1,826 sqft. One year prior, the average listing was 1,636 sqft.