Farmington Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Farmington averaged
6.93%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.76% and
one month ago for the week of 2025-05-15, the
average rate was 6.73%.
Farmington's average rate one year ago was 7.17%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.91%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Farmington 30 Year Fixed Rate | 2025-06-18 | 6.93% |
| Farmington 30 Year Fixed Rate Refi | 2025-06-18 | 6.91% |
| Farmington 15 Year Fixed Rate | 2025-06-18 | 5.86% |
| Farmington 15 Year Fixed Rate Refi | 2025-06-18 | 6.46% |
| Farmington 30 Year FHA | 2025-06-18 | 0.18% |
| Farmington 30 Year FHA Refi | 2025-06-18 | 0% |
| Farmington 30 Year USDA | 2025-06-18 | 0.11% |
| Farmington 30 Year USDA Refi | 2025-06-18 | 0% |
| Farmington 30 Year VA | 2025-06-18 | 0.6% |
| Farmington 30 Year VA Refi | 2025-06-18 | 0.1% |
Farmington Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Farmington, MO market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Farmington Average Closing Costs & Other Stats
Farmington, MO's 62 lenders originated 1,312
loans during 2024. The total origination value was $235,540,000, with an average loan value of
$179,527.
Farmington's average closing costs are $4,342.
The top Farmington lender as defined by loan originations is First State Community Bank, with
84 loans originated. Their average total fees are
$2,397, which is $2,461
lower than the next largest lender,
GUILD MORTGAGE COMPANY.
The lowest fee Farmington lenders (with over 10 loans originated) are
Ozarks Federal Savings and Loan Association ($2,248), First State Community Bank ($2,397), U.S. Bank ($3,463), GUILD MORTGAGE COMPANY ($4,859) and QUICKEN LOANS, LLC ($5,506).
The lowest rate Farmington lenders (with over 10 loans originated) are
UNITED WHOLESALE MORTGAGE, LLC (6.70%), U.S. Bank (6.79%), QUICKEN LOANS, LLC (6.80%), Ozarks Federal Savings and Loan Association (6.85%) and GUILD MORTGAGE COMPANY (6.90%).
Farmington, MO Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| First State Community Bank | $41,335,000 | $47,780,000 | 15.6% | 20.3% |
| GUILD MORTGAGE COMPANY | $38,845,000 | $46,955,000 | 20.9% | 19.9% |
| Ozarks Federal Savings and Loan Association | $19,575,000 | $20,375,000 | 4.1% | 8.7% |
| QUICKEN LOANS, LLC | $9,190,000 | $10,170,000 | 10.7% | 4.3% |
| Mortgage Research Center, LLC | $7,630,000 | $7,680,000 | 0.7% | 3.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $7,430,000 | $6,530,000 | -12.1% | 2.8% |
| Unico Bank | $3,885,000 | $5,300,000 | 36.4% | 2.3% |
| U.S. Bank | $5,235,000 | $4,775,000 | -8.8% | 2.0% |
| DAS Acquisition Company, LLC | $4,415,000 | $4,620,000 | 4.6% | 2.0% |
| Bloomsdale Bank | $940,000 | $4,005,000 | 326.1% | 1.7% |
| GERSHMAN INVESTMENT CORP. | $5,200,000 | $3,970,000 | -23.7% | 1.7% |
| BROKER SOLUTIONS, INC. | $2,410,000 | $3,695,000 | 53.3% | 1.6% |
| FLAT BRANCH MORTGAGE, INC. | $3,300,000 | $3,565,000 | 8.0% | 1.5% |
| Montgomery Bank | $3,210,000 | n/a | 1.4% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $165,000 | $3,085,000 | 1,769.7% | 1.3% |
| NEWREZ LLC | $240,000 | $2,555,000 | 964.6% | 1.1% |
| NAVY FEDERAL CREDIT UNION | $1,690,000 | $2,395,000 | 41.7% | 1.0% |
| ARSENAL CREDIT UNION | $220,000 | $2,380,000 | 981.8% | 1.0% |
| FREEDOM MORTGAGE CORPORATION | $865,000 | $2,380,000 | 175.1% | 1.0% |
| PENNYMAC LOAN SERVICES, LLC | $3,305,000 | $2,350,000 | -28.9% | 1.0% |
| VILLAGE CAPITAL MORTGAGE | $155,000 | $1,665,000 | 974.2% | 0.7% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $2,205,000 | $1,590,000 | -27.9% | 0.7% |
| FAMILY FINANCE MORTGAGE, LLC | $330,000 | $1,590,000 | 381.8% | 0.7% |
| The Central Trust Bank | $460,000 | $1,550,000 | 237.0% | 0.7% |
| Legacy Bank & Trust Company | $1,455,000 | n/a | 0.6% | |
| LOANDEPOT.COM, LLC | $530,000 | $1,430,000 | 169.8% | 0.6% |
| First Bank | $975,000 | $1,360,000 | 39.5% | 0.6% |
| TOGETHER CREDIT UNION | $895,000 | $1,330,000 | 48.6% | 0.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $900,000 | $1,125,000 | 25.0% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $105,000 | $1,120,000 | 966.7% | 0.5% |
| Regions Bank | $255,000 | $1,065,000 | 317.6% | 0.5% |
| FIRST COMMUNITY | $1,430,000 | $1,045,000 | -26.9% | 0.4% |
| SCOTT CREDIT UNION | $295,000 | $980,000 | 232.2% | 0.4% |
| JPMorgan Chase Bank | $890,000 | n/a | 0.4% | |
| JLB CORPORATION | $590,000 | $850,000 | 44.1% | 0.4% |
| 21ST MORTGAGE CORPORATION | $725,000 | $840,000 | 15.9% | 0.4% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $830,000 | n/a | 0.4% | |
| First State Bank of St. Charles, Missouri | $210,000 | $785,000 | 273.8% | 0.3% |
| Carrington Mortgage Services, LLC | $255,000 | $780,000 | 205.9% | 0.3% |
| Exchange Bank of Missouri | $725,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $1,215,000 | $720,000 | -40.7% | 0.3% |
| Discover Bank | $465,000 | $715,000 | 53.8% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $665,000 | $705,000 | 6.0% | 0.3% |
| The Federal Savings Bank | $255,000 | $685,000 | 168.6% | 0.3% |
| CARDINAL FINANCIAL | $1,015,000 | $660,000 | -35.0% | 0.3% |
| NEW DAY FINANCIAL, LLC | $685,000 | $655,000 | -4.4% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $215,000 | $650,000 | 202.3% | 0.3% |
| PLANET HOME LENDING, LLC | $135,000 | $610,000 | 351.9% | 0.3% |
| Peoples Community Bank | $340,000 | $600,000 | 76.5% | 0.3% |
| American Mortgage & Equity Consultants, Inc. | $580,000 | n/a | 0.2% | |
| Stifel Bank and Trust | $710,000 | $555,000 | -21.8% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $605,000 | $555,000 | -8.3% | 0.2% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $645,000 | $545,000 | -15.5% | 0.2% |
| Citizens Bank | $490,000 | $525,000 | 7.1% | 0.2% |
| Commerce Bank | $320,000 | $500,000 | 56.3% | 0.2% |
| DELMAR FINANCIAL COMPANY | $175,000 | $490,000 | 180.0% | 0.2% |
| PHH Mortgage Corporation | $155,000 | $480,000 | 209.7% | 0.2% |
| Nations Lending Corporation | $480,000 | $475,000 | -1.0% | 0.2% |
| Equity Prime Mortgage LLC | $135,000 | $445,000 | 229.6% | 0.2% |
| VANTAGE Credit Union | $400,000 | $445,000 | 11.3% | 0.2% |
| HALLMARK HOME MORTGAGE, LLC | $360,000 | $440,000 | 22.2% | 0.2% |
| Hometown Equity Mortgage, LLC | $430,000 | n/a | 0.2% | |
| Figure Lending LLC | $195,000 | $395,000 | 102.6% | 0.2% |
| ACCESS CAPITAL FUNDING, L.L.C. | $390,000 | $380,000 | -2.6% | 0.2% |
| ENDEAVOR CAPITAL, LLC. | $115,000 | $370,000 | 221.7% | 0.2% |
| CHURCHILL MORTGAGE CORPORATION | $115,000 | $360,000 | 213.0% | 0.2% |
| Golden Empire Mortgage, Inc. | $335,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $330,000 | n/a | 0.1% | |
| PNC Bank | $210,000 | $325,000 | 54.8% | 0.1% |
| Simmons Bank | $320,000 | n/a | 0.1% | |
| Carrollton Bank | $310,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $95,000 | $295,000 | 210.5% | 0.1% |
| Bank of Springfield | $360,000 | $290,000 | -19.4% | 0.1% |
| Wells Fargo Bank | $715,000 | $290,000 | -59.4% | 0.1% |
| BETTER MORTGAGE CORPORATION | $275,000 | n/a | 0.1% | |
| Citizens National Bank of Greater St. Louis | $275,000 | n/a | 0.1% | |
| Bank of England | $265,000 | n/a | 0.1% | |
| FCB Banks | $265,000 | n/a | 0.1% | |
| Midwest BankCentre | $260,000 | n/a | 0.1% | |
| DOMINION FINANCIAL SERVICES, LLC | $255,000 | n/a | 0.1% | |
| FIRST INTEGRITY MORTGAGE SERVICES, INC. | $255,000 | n/a | 0.1% | |
| FRONTIER FINANCIAL, INC. | $255,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $255,000 | n/a | 0.1% | |
| Texana Bank | $255,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $255,000 | $250,000 | -2.0% | 0.1% |
| Midwest Mortgage Associates Corporation | $225,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $280,000 | $220,000 | -21.4% | 0.1% |
| GENEVA FINANCIAL, LLC | $195,000 | $215,000 | 10.3% | 0.1% |
| The Bank of Old Monroe | $70,000 | $215,000 | 207.1% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $200,000 | $200,000 | 0.0% | 0.1% |
| First Horizon Bank | $195,000 | n/a | 0.1% | |
| Plains Commerce Bank | $405,000 | $195,000 | -51.9% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $195,000 | n/a | 0.1% | |
| First United Bank and Trust Company | $185,000 | n/a | 0.1% | |
| NBKC BANK | $185,000 | n/a | 0.1% | |
| Prosperity Home Mortgage, LLC | $185,000 | n/a | 0.1% | |
| ALLIANCE CREDIT UNION | $180,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $175,000 | n/a | 0.1% | |
| LOANPAL, LLC | $85,000 | $175,000 | 105.9% | 0.1% |
| MORTGAGE SOLUTIONS LLC | $425,000 | $175,000 | -58.8% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $175,000 | n/a | 0.1% | |
| CMG MORTGAGE, INC. | $165,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $385,000 | $160,000 | -58.4% | 0.1% |
| Enterprise Bank & Trust | $155,000 | n/a | 0.1% | |
| Great Southern Bank | $180,000 | $155,000 | -13.9% | 0.1% |
| OCMBC, INC. | $155,000 | n/a | 0.1% | |
| GUARANTEED RATE AFFINITY, LLC | $205,000 | $145,000 | -29.3% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $225,000 | $145,000 | -35.6% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $140,000 | n/a | 0.1% | |
| GUARANTEED RATE, INC. | $390,000 | $125,000 | -67.9% | 0.1% |
| COMMUNITYAMERICA | $105,000 | n/a | 0.0% | |
| Gateway Metro Federal Credit Union | $105,000 | n/a | 0.0% | |
| River Region Credit Union | $95,000 | n/a | 0.0% | |
| Southeast Financial Credit Union | $95,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $790,000 | $85,000 | -89.2% | 0.0% |
| Southern Bank | $265,000 | $85,000 | -67.9% | 0.0% |
| SPRING EQ, LLC | $45,000 | $75,000 | 66.7% | 0.0% |
| Sullivan Bank | $45,000 | $75,000 | 66.7% | 0.0% |
| WEST COMMUNITY | $55,000 | $75,000 | 36.4% | 0.0% |
| United Bank of Union | $85,000 | $65,000 | -23.5% | 0.0% |
| Bank of America | $410,000 | $35,000 | -91.5% | 0.0% |
| Deseret First Credit Union | $25,000 | n/a | 0.0% | |
| Buena Vista National Bank | $115,000 | $15,000 | -87.0% | 0.0% |
Farmington's top lender by overall market share is First State Community Bank, with 20.3% market share. In second place, with 19.9%, is GUILD MORTGAGE COMPANY, having originated $46,955,000 in loans. In third place, with 8.7%, is Ozarks Federal Savings and Loan Association, having originated $20,375,000 in loans. In fourth place, with 4.3%, is QUICKEN LOANS, LLC, having originated $10,170,000 in loans. In fifth place, with 3.3%, is Mortgage Research Center, LLC, having originated $7,680,000 in loans.
Farmington, MO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 757 | $160,635,000 | $212,199 |
| Cash Out Refi | 178 | $32,380,000 | $181,910 |
| Refi | 143 | $25,475,000 | $178,147 |
| Home Improvement | 120 | $7,920,000 | $66,000 |
| Other | 114 | $9,130,000 | $80,088 |
Farmington's most frequently cited loan purpose was Home Purchase, with 757 originations. The 2nd most popular reason was Cash Out Refi, with 178 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 553 | $111,035,000 | $200,787 |
| 7-8% | 301 | $62,535,000 | $207,757 |
| Over 8% | 267 | $23,075,000 | $86,423 |
| 5-6% | 101 | $20,945,000 | $207,376 |
| <2.5% | 11 | $255,000 | $23,182 |
| 2.5-3% | 4 | $350,000 | $87,500 |
| 4-5% | 3 | $585,000 | $195,000 |
During 2024, Farmington's most frequently originated rate bucket was 6-7%, with 553 originations.
Loan Sizing (Farmington, MO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 512 | $75,980,000 | $148,398 |
| $100,000 or less | 381 | $21,125,000 | $55,446 |
| $200k-400k | 364 | $97,900,000 | $268,956 |
| $400k-600k | 39 | $18,445,000 | $472,949 |
| $600k-1000k | 12 | $8,630,000 | $719,167 |
| $Over $1MM | 4 | $13,460,000 | $3,365,000 |
Farmington's loan sizing saw the bucket of loans from $100k-200k with 512 originations, totaling $75,980,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 552 | $121,030,000 | $219,257 |
| 60-80% | 235 | $48,935,000 | $208,234 |
| Under 20% | 153 | $5,815,000 | $38,007 |
| 20-40% | 135 | $13,045,000 | $96,630 |
| 40-60% | 115 | $18,415,000 | $160,130 |
| Over 100% | 33 | $6,985,000 | $211,667 |
Farmington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 552 originations, totaling $121,030,000 in origination value.