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 6 lenders originated 40 USDA loans during 2024. The total origination value was $6,380,000, with an average USDA loan value of $159,500.
West Plains USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in West Plains
averaged
0.05%
for the week of 2025-06-20, compared to the national average (all USDA variants) of
0% for the same period.
West Plains's average USDA mortgage closing costs are $4,287.
The average rate for the prior week (2025-06-13) was
6.75% and
one month ago for the week of 2025-05-16, the
average rate was 6.41%.
The average rate one year ago was 6.74%.
For refis of the same type during the week of 2025-06-20, the average rate
was -0.1%.
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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| DAS Acquisition Company, LLC | 12 | 6.37% | $6,677 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 3 | 6.25% | $4,925 |
| Flagstar Bank, FSB | 2 | 6.69% | $4,557 |
| GERSHMAN INVESTMENT CORP. | 2 | 6.75% | $4,445 |
| Plains Commerce Bank | 1 | 5.38% | $7,085 |
| Southern Bank | 1 | 6.88% | $3,027 |
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
$6,677, which is $1,752
higher 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 ($6,677), .
The lowest rate West Plains USDA lenders (with over 10 loans originated) are
DAS Acquisition Company, LLC (6.37%), .