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 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.