West Plains USDA Loan Rates, Closing Costs & Stats

West Plains, MO

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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.

    West Plains's 9 lenders originated 48 USDA loans during 2023. The total origination value was $7,460,000, with an average USDA loan value of $155,417.

    West Plains USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in West Plains averaged 0.02% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    West Plains's average USDA mortgage closing costs are $4,189.

    The average rate for the prior week (2024-11-08) was 6.57% and one month ago for the week of 2024-10-11, the average rate was 6.43%.

    The average rate one year ago was 7.76%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    West Plains 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 West Plains level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    DAS Acquisition Company, LLC 12 7.05% $5,659
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 7.00% $6,163
    GERSHMAN INVESTMENT CORP. 2 6.88% $4,958
    Great Southern Bank 1 6.88% $3,685
    GUARANTEED RATE, INC. 1 6.00% $5,815
    Simmons Bank 1 7.13% $5,128
    Southern Bank 1 7.00% $3,388
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 7.00% $4,051
    Flagstar Bank, FSB 1 5.75% $10,128

    The top West Plains USDA lender as defined by loan originations is DAS Acquisition Company, LLC, with 12 USDA loans originated. Their average total fees are $5,659, which is $504 lower than the next largest lender, PRIMELENDING, A PLAINSCAPITAL COMPANY.

    The lowest fee West Plains USDA lenders (with over 10 loans originated) are DAS Acquisition Company, LLC ($5,659), .

    The lowest rate West Plains USDA lenders (with over 10 loans originated) are DAS Acquisition Company, LLC (7.05%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - West Plains (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 $132,900 (5.7%) $205,692 (16.7%) 0.00 298
    2018-02-01 $139,450 (9.2%) $197,712 (10.2%) 0.00 297
    2018-03-01 $141,450 (8.9%) $201,936 (12.0%) 0.00 287
    2018-04-01 $146,225 (12.6%) $198,508 (5.8%) 0.00 287
    2018-05-01 $144,475 (4.7%) $195,592 (1.7%) 0.00 278
    2018-06-01 $139,950 (0.0%) $196,376 (2.2%) 0.00 279
    2018-07-01 $145,000 (4.3%) $202,700 (6.8%) 0.00 279
    2018-08-01 $144,700 (3.4%) $195,164 (0.9%) 0.00 278
    2018-09-01 $145,000 (3.7%) $196,519 (-1.1%) 0.00 286
    2018-10-01 $146,875 (6.8%) $197,698 (1.6%) 0.00 277
    2018-11-01 $143,950 (2.1%) $198,122 (-0.4%) 0.00 273
    2018-12-01 $139,900 (0.3%) $195,675 (-3.7%) 0.00 252
    2019-01-01 $141,600 (6.6%) $194,478 (-5.5%) 0.00 239
    2019-02-01 $143,825 (3.1%) $194,912 (-1.4%) 0.00 243
    2019-03-01 $150,432 (6.4%) $210,159 (4.1%) 0.00 238
    2019-04-01 $158,788 (8.6%) $225,352 (13.5%) 0.00 232
    2019-05-01 $161,200 (11.6%) $229,898 (17.5%) 0.00 242
    2019-06-01 $159,900 (14.3%) $230,844 (17.6%) 0.00 255
    2019-07-01 $158,950 (9.6%) $229,644 (13.3%) 0.00 258
    2019-08-01 $159,050 (9.9%) $228,726 (17.2%) 0.00 255
    2019-09-01 $159,275 (9.8%) $229,147 (16.6%) 0.00 255
    2019-10-01 $159,675 (8.7%) $231,106 (16.9%) 0.00 250
    2019-11-01 $159,900 (11.1%) $220,333 (11.2%) 0.00 242
    2019-12-01 $159,900 (14.3%) $220,751 (12.8%) 0.00 230
    2020-01-01 $159,900 (12.9%) $221,813 (14.1%) 0.00 223
    2020-02-01 $164,900 (14.7%) $225,210 (15.5%) 0.00 217
    2020-03-01 $169,900 (12.9%) $235,693 (12.2%) 0.00 227
    2020-04-01 $174,900 (10.2%) $234,467 (4.0%) 0.00 223
    2020-05-01 $175,900 (9.1%) $238,872 (3.9%) 0.00 214
    2020-06-01 $168,650 (5.5%) $236,161 (2.3%) 0.00 209
    2020-07-01 $175,000 (10.1%) $240,987 (4.9%) 0.00 190
    2020-08-01 $194,900 (22.5%) $248,812 (8.8%) 0.00 173
    2020-09-01 $199,900 (25.5%) $262,597 (14.6%) 0.00 141
    2020-10-01 $184,900 (15.8%) $254,990 (10.3%) 0.00 136
    2020-11-01 $166,950 (4.4%) $254,142 (15.3%) 0.00 144
    2020-12-01 $168,900 (5.6%) $283,789 (28.6%) 0.00 132
    2021-01-01 $169,900 (6.3%) $272,371 (22.8%) 0.00 119
    2021-02-01 $159,900 (-3.0%) $257,735 (14.4%) 0.00 101
    2021-03-01 $165,950 (-2.3%) $261,253 (10.8%) 0.00 95
    2021-04-01 $187,475 (7.2%) $320,633 (36.8%) 0.00 83
    2021-05-01 $193,750 (10.2%) $324,535 (35.9%) 0.00 92
    2021-06-01 $184,750 (9.6%) $375,674 (59.1%) 0.00 96
    2021-07-01 $247,500 (41.4%) $379,889 (57.6%) 0.00 109
    2021-08-01 $259,900 (33.4%) $390,021 (56.8%) 0.00 114
    2021-09-01 $220,950 (10.5%) $362,506 (38.1%) 0.00 134
    2021-10-01 $244,900 (32.5%) $392,355 (53.9%) 0.00 105
    2021-11-01 $249,950 (49.7%) $406,400 (59.9%) 0.00 105
    2021-12-01 $279,900 (65.7%) $439,180 (54.8%) 0.00 96
    2022-01-01 $225,000 (32.4%) $414,415 (52.2%) 0.00 86
    2022-02-01 $208,675 (30.5%) $411,738 (59.8%) 0.00 85
    2022-03-01 $200,000 (20.5%) $420,086 (60.8%) 0.00 80
    2022-04-01 $225,000 (20.0%) $414,750 (29.4%) 0.00 87
    2022-05-01 $266,725 (37.7%) $432,415 (33.2%) 0.00 91
    2022-06-01 $274,763 (48.7%) $384,942 (2.5%) 0.00 93
    2022-07-01 $319,200 (29.0%) $387,225 (1.9%) 0.00 116
    2022-08-01 $308,200 (18.6%) $379,271 (-2.8%) 0.00 133
    2022-09-01 $286,225 (29.5%) $384,757 (6.1%) 0.00 135
    2022-10-01 $275,000 (12.3%) $355,810 (-9.3%) 0.00 160
    2022-11-01 $262,400 (5.0%) $347,529 (-14.5%) 0.00 167
    2022-12-01 $249,900 (-10.7%) $339,978 (-22.6%) 0.00 164
    2023-01-01 $251,175 (11.6%) $355,710 (-14.2%) 0.00 148
    2023-02-01 $259,950 (24.6%) $372,130 (-9.6%) 0.00 136
    2023-03-01 $275,000 (37.5%) $390,248 (-7.1%) 0.00 127
    2023-04-01 $279,900 (24.4%) $417,988 (0.8%) 0.00 123
    2023-05-01 $277,450 (4.0%) $398,429 (-7.9%) 0.00 125
    2023-06-01 $267,450 (-2.7%) $374,488 (-2.7%) 0.00 132
    2023-07-01 $269,900 (-15.4%) $385,714 (-0.4%) 0.00 124
    2023-08-01 $252,175 (-18.2%) $380,083 (0.2%) 0.00 130
    2023-09-01 $249,900 (-12.7%) $355,060 (-7.7%) 0.00 135
    2023-10-01 $246,725 (-10.3%) $349,749 (-1.7%) 0.00 143
    2023-11-01 $249,925 (-4.8%) $362,677 (4.4%) 0.00 143
    2023-12-01 $245,000 (-2.0%) $355,220 (4.5%) 0.00 148
    2024-01-01 $239,800 (-4.5%) $363,894 (2.3%) 0.00 134
    2024-02-01 $249,900 (-3.9%) $393,468 (5.7%) 0.00 141
    2024-03-01 $249,900 (-9.1%) $372,795 (-4.5%) 0.00 160
    2024-04-01 $257,500 (-8.0%) $368,878 (-11.8%) 0.00 172
    2024-05-01 $249,900 (-9.9%) $375,030 (-5.9%) 0.00 175
    2024-06-01 $249,900 (-6.6%) $357,005 (-4.7%) 0.00 179
    2024-07-01 $245,225 (-9.1%) $344,948 (-10.6%) 0.00 198
    2024-08-01 $249,900 (-0.9%) $349,586 (-8.0%) 0.00 211
    2024-09-01 $258,725 (3.5%) $399,655 (12.6%) 0.00 218
    2024-10-01 $266,950 (8.2%) $410,063 (17.2%) 0.00 230
    West Plains's median listing price for 2024-10-01 was $266,950, a difference of $20,225 (8.2%) versus the prior year and $8,225 versus the prior month.

    West Plains's median listing price comes in at 0% of the national average.

    West Plains's average listing price for 2024-10-01 was $410,063, a difference of $60,314 (17.2%) versus the prior year and $10,408 versus the prior month.

    For the 2024-10-01 period, West Plains had 230 MLS listings, a difference of 12 listings (6%) versus the prior month and 87 listings (61%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - West Plains (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,000 sqft
    2018-02-01 0 days 2,009 sqft
    2018-03-01 0 days 2,097 sqft
    2018-04-01 0 days 2,109 sqft
    2018-05-01 0 days 2,110 sqft
    2018-06-01 0 days 2,192 sqft
    2018-07-01 0 days 2,192 sqft
    2018-08-01 0 days 2,029 sqft
    2018-09-01 0 days 1,991 sqft
    2018-10-01 0 days 1,978 sqft
    2018-11-01 0 days 1,874 sqft
    2018-12-01 0 days 1,779 sqft
    2019-01-01 0 days 1,782 sqft
    2019-02-01 0 days 1,791 sqft
    2019-03-01 0 days 1,816 sqft
    2019-04-01 0 days 1,848 sqft
    2019-05-01 0 days 1,991 sqft
    2019-06-01 0 days 1,989 sqft
    2019-07-01 0 days 1,889 sqft
    2019-08-01 0 days 1,914 sqft
    2019-09-01 0 days 1,976 sqft
    2019-10-01 0 days 2,058 sqft
    2019-11-01 0 days 2,080 sqft
    2019-12-01 0 days 2,024 sqft
    2020-01-01 0 days 2,000 sqft
    2020-02-01 0 days 2,000 sqft
    2020-03-01 0 days 2,070 sqft
    2020-04-01 0 days 2,042 sqft
    2020-05-01 0 days 2,008 sqft
    2020-06-01 0 days 1,992 sqft
    2020-07-01 0 days 1,986 sqft
    2020-08-01 0 days 2,084 sqft
    2020-09-01 0 days 2,157 sqft
    2020-10-01 0 days 2,025 sqft
    2020-11-01 0 days 1,878 sqft
    2020-12-01 0 days 1,905 sqft
    2021-01-01 0 days 1,909 sqft
    2021-02-01 0 days 1,876 sqft
    2021-03-01 0 days 1,713 sqft
    2021-04-01 0 days 1,873 sqft
    2021-05-01 0 days 2,000 sqft
    2021-06-01 0 days 1,993 sqft
    2021-07-01 0 days 2,012 sqft
    2021-08-01 0 days 2,218 sqft
    2021-09-01 0 days 1,964 sqft
    2021-10-01 0 days 2,000 sqft
    2021-11-01 0 days 2,006 sqft
    2021-12-01 0 days 1,800 sqft
    2022-01-01 0 days 1,715 sqft
    2022-02-01 0 days 1,843 sqft
    2022-03-01 0 days 1,881 sqft
    2022-04-01 0 days 1,932 sqft
    2022-05-01 0 days 2,240 sqft
    2022-06-01 0 days 1,987 sqft
    2022-07-01 0 days 2,030 sqft
    2022-08-01 0 days 1,983 sqft
    2022-09-01 0 days 2,013 sqft
    2022-10-01 0 days 2,016 sqft
    2022-11-01 0 days 1,992 sqft
    2022-12-01 0 days 1,902 sqft
    2023-01-01 0 days 1,896 sqft
    2023-02-01 0 days 1,900 sqft
    2023-03-01 0 days 1,983 sqft
    2023-04-01 0 days 2,068 sqft
    2023-05-01 0 days 1,999 sqft
    2023-06-01 0 days 1,945 sqft
    2023-07-01 0 days 2,053 sqft
    2023-08-01 0 days 2,046 sqft
    2023-09-01 0 days 1,953 sqft
    2023-10-01 0 days 1,904 sqft
    2023-11-01 0 days 1,924 sqft
    2023-12-01 0 days 1,895 sqft
    2024-01-01 0 days 1,909 sqft
    2024-02-01 0 days 1,940 sqft
    2024-03-01 0 days 1,972 sqft
    2024-04-01 0 days 1,869 sqft
    2024-05-01 0 days 1,828 sqft
    2024-06-01 0 days 1,800 sqft
    2024-07-01 0 days 1,713 sqft
    2024-08-01 0 days 1,687 sqft
    2024-09-01 0 days 1,763 sqft
    2024-10-01 0 days 1,806 sqft
    West Plains's median listing age (time on market) for 2024-10-01 was 0 days.

    West Plains's median square footage for active listings during the 2024-10-01 period was 1,806 sqft. One year prior, the average listing was 1,904 sqft.