West Plains USDA Loan Rates, Closing Costs & Stats
West Plains, MO
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
7.18%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
West Plains's average USDA mortgage closing costs are $4,189.
The average rate for the prior week (2024-04-12) was
6.73% and
one month ago for the week of 2024-03-15, the
average rate was 7.02%.
The average rate one year ago was 6.65%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.86%.
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 |
West Plains's median listing price comes in at 0% of the national average.
West Plains's average listing price for 2024-03-01 was $372,795, a difference of $-17,453 (-4.5%) versus the prior year and $-20,673 versus the prior month.
For the 2024-03-01 period, West Plains had 160 MLS listings, a difference of 19 listings (13%) versus the prior month and 33 listings (26%) 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 |
West Plains's median square footage for active listings during the 2024-03-01 period was 1,972 sqft. One year prior, the average listing was 1,983 sqft.