Farmington Mortgage Rates & Closing Costs

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    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Farmington averaged 7.02% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

    The average rate for the prior week (2023-09-14) was 7.11% and one month ago for the week of 2023-08-17, the average rate was 7.02%.

    Farmington's average rate one year ago was 5.65%.

    For refis of the same type during the week of 2023-09-21, the average rate was 6.16%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-09-21 7.19%
    Farmington 30 Year Fixed Rate 2023-09-21 7.02%
    Farmington 30 Year Fixed Rate Refi 2023-09-21 6.16%
    Farmington 15 Year Fixed Rate 2023-09-21 6.64%
    Farmington 15 Year Fixed Rate Refi 2023-09-21 6.94%
    Farmington 30 Year FHA 2023-09-21 6.87%
    Farmington 30 Year FHA Refi 2023-09-21 6.94%
    Farmington 30 Year USDA 2023-09-21 7%
    Farmington 30 Year USDA Refi 2023-09-21 6.82%
    Farmington 30 Year VA 2023-09-21 6.69%
    Farmington 30 Year VA Refi 2023-09-21 6.72%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Farmington, MO.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    First State Community Bank 124 4.82% $2,564
    Ozarks Federal Savings and Loan Association 65 4.10% $2,065
    GUILD MORTGAGE COMPANY 57 5.39% $4,502
    QUICKEN LOANS, LLC 24 4.79% $5,974
    LOANDEPOT.COM, LLC 12 4.62% $3,878
    DAS Acquisition Company, LLC 12 4.80% $4,561
    UNITED WHOLESALE MORTGAGE, LLC 11 5.05% $4,235
    U.S. Bank 11 5.16% $4,029
    FLAT BRANCH MORTGAGE, INC. 8 5.61% $4,169
    GERSHMAN INVESTMENT CORP. 7 6.11% $3,726
    HOMESTAR FINANCIAL CORPORATION 6 5.10% $2,507
    JPMorgan Chase Bank 6 5.22% $3,106
    JLB CORPORATION 5 4.00% $4,136
    FREEDOM MORTGAGE CORPORATION 5 4.75% $4,341
    PENNYMAC LOAN SERVICES, LLC 5 5.57% $4,888
    Wells Fargo Bank 5 5.15% $4,452
    AMERISAVE MORTGAGE CORPORATION 4 4.34% $5,235
    Bank of America 4 5.53% $3,023
    BROKER SOLUTIONS, INC. 4 5.87% $5,204
    Flagstar Bank, FSB 3 5.24% $3,378
    Magnolia Bank 3 4.58% $2,733
    FIRST COMMUNITY 3 4.83% $0
    The Home Loan Expert LLC 3 4.96% $3,926
    CALIBER HOME LOANS, INC. 3 5.08% $4,035
    SCOTT CREDIT UNION 2 3.81% $2,721
    Stifel Bank and Trust 2 3.56% $1,681
    NEWREZ LLC 2 4.75% $5,574
    Mr. Cooper ( Nationstar Mortgage ) 2 5.25% $4,596
    LAKEVIEW LOAN SERVICING, LLC 2 5.13% $4,622
    F&B Acquisition Group LLC 2 6.44% $7,381
    TOGETHER CREDIT UNION 2 5.41% $2,772
    CONSUMERS COOPERATIVE CREDIT UNION 2 4.44% $2,369
    FAMILY FINANCE MORTGAGE, LLC 2 5.13% $3,467
    Carrington Mortgage Services, LLC 2 6.00% $6,173
    CARDINAL FINANCIAL 2 4.94% $7,455
    ENDEAVOR CAPITAL, LLC. 2 4.19% $4,280
    Citizens Bank 2 4.87% $5,061
    Regions Bank 2 5.69% $3,002
    ACCESS CAPITAL FUNDING, L.L.C. 1 3.75% $1,333
    Wood & Huston Bank 1 5.49% $2,582
    AMERICAN FINANCING CORPORATION 1 3.75% $3,030
    AMERICAN HOME LENDING USA, LLC 1 5.99% $13,565
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.88% $12,475
    Associated Bank 1 7.25% $6,317
    Axos Bank 1 3.25% $2,079
    BETTER MORTGAGE CORPORATION 1 5.25% $3,129
    Carrollton Bank 1 6.00% $2,345
    Chicago Mortgage Solutions LLC 1 3.37% $1,613
    Commerce Bank 1 3.50% $3,129
    CRESCENT MORTGAGE COMPANY 1 4.99% $6,045
    DELMAR FINANCIAL COMPANY 1 4.50% $3,849
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 3.38% $2,828
    First Bank 1 5.75% $3,094
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 6.63% $7,744
    First State Bank of St. Charles, Missouri 1 5.88% $3,501
    Goldwater Bank, N.A. 1 6.63% $1,989
    Great Southern Bank 1 6.50% $2,512
    GUARANTEED RATE AFFINITY, LLC 1 6.25% $3,037
    GUARANTEED RATE, INC. 1 5.99% $6,027
    HOME POINT FINANCIAL CORPORATION 1 6.88% $5,900
    LEADERONE FINANCIAL CORPORATION 1 7.00% $4,422
    MICHIGAN MUTUAL, INC. 1 4.99% $2,997
    Midwest BankCentre 1 6.25% $2,063
    MORTGAGE SOLUTIONS LLC 1 5.25% $4,044
    NAVY FEDERAL CREDIT UNION 1 4.38% $2,360
    NBKC BANK 1 3.75% $1,928
    North American Savings Bank, F.S.B. 1 3.88% $1,912
    PANORAMA MORTGAGE GROUP, LLC 1 3.75% $4,157
    PNC Bank 1 5.50% $4,393
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.50% $3,906
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.25% $3,439
    The Bank of Missouri 1 7.07% $2,985
    The Central Trust Bank 1 3.75% $1,874
    The Huntington National Bank 1 4.00% $7,828
    United Bank of Union 1 5.25% $2,587
    U S WIDE FINANCIAL LLC 1 3.88% $2,289
    WEST COMMUNITY 1 5.00% $4,242

    Farmington Average Closing Costs & Other Stats

    Farmington, MO's 77 lenders originated 1,503 loans during 2022. The total origination value was $264,165,000, with an average loan value of $175,758.

    Farmington's average closing costs are $3,968.

    The top Farmington lender as defined by loan originations is First State Community Bank, with 124 loans originated. Their average total fees are $2,564, which is $500 higher than the next largest lender, Ozarks Federal Savings and Loan Association.

    The lowest fee Farmington lenders (with over 10 loans originated) are Ozarks Federal Savings and Loan Association ($2,065), First State Community Bank ($2,564), LOANDEPOT.COM, LLC ($3,878), U.S. Bank ($4,029) and UNITED WHOLESALE MORTGAGE, LLC ($4,235).

    The lowest rate Farmington lenders (with over 10 loans originated) are Ozarks Federal Savings and Loan Association (4.10%), LOANDEPOT.COM, LLC (4.62%), QUICKEN LOANS, LLC (4.79%), DAS Acquisition Company, LLC (4.80%) and First State Community Bank (4.82%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    GUILD MORTGAGE COMPANY $83,730,000 $49,080,000 -41.4% 18.6%
    First State Community Bank $72,815,000 $46,440,000 -36.2% 17.6%
    Ozarks Federal Savings and Loan Association $34,960,000 $19,935,000 -43.0% 7.5%
    QUICKEN LOANS, LLC $32,580,000 $13,135,000 -59.7% 5.0%
    Peoples National Bank , N.A. $2,465,000 $9,680,000 292.7% 3.7%
    Unico Bank $17,005,000 $8,680,000 -49.0% 3.3%
    First Midwest Bank of Dexter $7,335,000 n/a 2.8%
    U.S. Bank $11,930,000 $6,475,000 -45.7% 2.5%
    UNITED WHOLESALE MORTGAGE, LLC $7,635,000 $5,625,000 -26.3% 2.1%
    FLAT BRANCH MORTGAGE, INC. $4,170,000 $5,495,000 31.8% 2.1%
    DAS Acquisition Company, LLC $8,395,000 $5,135,000 -38.8% 1.9%
    LOANDEPOT.COM, LLC $4,190,000 $5,040,000 20.3% 1.9%
    Mortgage Research Center, LLC $4,415,000 $4,875,000 10.4% 1.8%
    Farmers and Merchants Bank of St. Clair $4,645,000 n/a 1.8%
    GERSHMAN INVESTMENT CORP. $6,360,000 $4,080,000 -35.8% 1.5%
    HOMESTAR FINANCIAL CORPORATION $3,650,000 $3,930,000 7.7% 1.5%
    PENNYMAC LOAN SERVICES, LLC $6,140,000 $3,215,000 -47.6% 1.2%
    American Bank of Missouri $2,770,000 n/a 1.0%
    The Central Trust Bank $155,000 $2,680,000 1,629.0% 1.0%
    FREEDOM MORTGAGE CORPORATION $5,855,000 $2,325,000 -60.3% 0.9%
    BROKER SOLUTIONS, INC. $5,055,000 $2,195,000 -56.6% 0.8%
    NEWREZ LLC $1,165,000 $2,125,000 82.4% 0.8%
    AMERISAVE MORTGAGE CORPORATION $2,870,000 $1,790,000 -37.6% 0.7%
    Bloomsdale Bank $1,675,000 $1,770,000 5.7% 0.7%
    Bank of America $1,365,000 $1,590,000 16.5% 0.6%
    FAMILY FINANCE MORTGAGE, LLC $2,335,000 $1,495,000 -36.0% 0.6%
    JLB CORPORATION $3,455,000 $1,315,000 -61.9% 0.5%
    NAVY FEDERAL CREDIT UNION $1,295,000 $1,290,000 -0.4% 0.5%
    GUARANTEED RATE, INC. $1,420,000 $1,160,000 -18.3% 0.4%
    The Home Loan Expert LLC $1,700,000 $1,150,000 -32.4% 0.4%
    Mr. Cooper ( Nationstar Mortgage ) $1,890,000 $1,145,000 -39.4% 0.4%
    NEW DAY FINANCIAL, LLC $1,225,000 $1,065,000 -13.1% 0.4%
    Regions Bank $460,000 $1,040,000 126.1% 0.4%
    JPMorgan Chase Bank $1,435,000 $975,000 -32.1% 0.4%
    Magnolia Bank $5,340,000 $920,000 -82.8% 0.3%
    Wells Fargo Bank $3,460,000 $905,000 -73.8% 0.3%
    F&B Acquisition Group LLC $210,000 $895,000 326.2% 0.3%
    FIRST COMMUNITY $1,110,000 $805,000 -27.5% 0.3%
    The Federal Savings Bank $885,000 $785,000 -11.3% 0.3%
    PNC Bank $215,000 $750,000 248.8% 0.3%
    21ST MORTGAGE CORPORATION $270,000 $735,000 172.2% 0.3%
    CALIBER HOME LOANS, INC. $2,495,000 $735,000 -70.5% 0.3%
    ENDEAVOR CAPITAL, LLC. $3,015,000 $710,000 -76.5% 0.3%
    TOGETHER CREDIT UNION $1,905,000 $695,000 -63.5% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $735,000 $685,000 -6.8% 0.3%
    USAA Federal Savings Bank $2,175,000 $675,000 -69.0% 0.3%
    HOMESIDE FINANCIAL, LLC $125,000 $655,000 424.0% 0.2%
    SCOTT CREDIT UNION $95,000 $625,000 557.9% 0.2%
    Stifel Bank and Trust $1,595,000 $620,000 -61.1% 0.2%
    Flagstar Bank, FSB $1,100,000 $585,000 -46.8% 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $470,000 $575,000 22.3% 0.2%
    Carrington Mortgage Services, LLC $1,305,000 $560,000 -57.1% 0.2%
    Citizens Bank $600,000 $560,000 -6.7% 0.2%
    GUARANTEED RATE AFFINITY, LLC $540,000 $555,000 2.8% 0.2%
    Heritage Community Bank $155,000 $535,000 245.2% 0.2%
    North American Savings Bank, F.S.B. $520,000 n/a 0.2%
    River Region Credit Union $500,000 n/a 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $165,000 $490,000 197.0% 0.2%
    Equity Prime Mortgage LLC $205,000 $485,000 136.6% 0.2%
    Commerce Bank $1,080,000 $480,000 -55.6% 0.2%
    PLANET HOME LENDING, LLC $480,000 n/a 0.2%
    Flanagan State Bank $65,000 $445,000 584.6% 0.2%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,750,000 $415,000 -76.3% 0.2%
    Wyndham Capital Mortgage, Inc. $405,000 n/a 0.2%
    HOME POINT FINANCIAL CORPORATION $2,260,000 $400,000 -82.3% 0.2%
    NBKC BANK $740,000 $400,000 -45.9% 0.2%
    ACCESS CAPITAL FUNDING, L.L.C. $155,000 $380,000 145.2% 0.1%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $790,000 $380,000 -51.9% 0.1%
    MORTGAGE SOLUTIONS LLC $1,545,000 $375,000 -75.7% 0.1%
    VANTAGE Credit Union $35,000 $365,000 942.9% 0.1%
    The Huntington National Bank $355,000 n/a 0.1%
    Nations Lending Corporation $275,000 $350,000 27.3% 0.1%
    PENTAGON FEDERAL CREDIT UNION $165,000 $340,000 106.1% 0.1%
    AMERICAN PORTFOLIO MORTGAGE CORPORATION $335,000 n/a 0.1%
    DELMAR FINANCIAL COMPANY $935,000 $335,000 -64.2% 0.1%
    Amerifirst Financial, Inc. $310,000 n/a 0.1%
    WEST COMMUNITY $290,000 n/a 0.1%
    CRESCENT MORTGAGE COMPANY $285,000 n/a 0.1%
    Northpointe Bank $285,000 n/a 0.1%
    GENEVA FINANCIAL, LLC $275,000 n/a 0.1%
    U S WIDE FINANCIAL LLC $275,000 n/a 0.1%
    AMERICAN HOME LENDING USA, LLC $265,000 n/a 0.1%
    PROVIDENT FUNDING ASSOCIATES, L.P. $265,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $400,000 $260,000 -35.0% 0.1%
    Wood & Huston Bank $255,000 n/a 0.1%
    CHERRY CREEK MORTGAGE, LLC $235,000 n/a 0.1%
    COMMUNITYAMERICA $235,000 $235,000 0.0% 0.1%
    FINANCE OF AMERICA REVERSE LLC $230,000 n/a 0.1%
    M&T Bank $310,000 $230,000 -25.8% 0.1%
    Associated Bank $225,000 n/a 0.1%
    Arvest Bank $220,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $470,000 $220,000 -53.2% 0.1%
    United Bank of Union $630,000 $220,000 -65.1% 0.1%
    First State Bank of St. Charles, Missouri $1,350,000 $215,000 -84.1% 0.1%
    LOANPAL, LLC $215,000 n/a 0.1%
    West Town Bank & Trust $215,000 n/a 0.1%
    ZILLOW HOME LOANS, LLC $665,000 $215,000 -67.7% 0.1%
    Peoples Community Bank $80,000 $210,000 162.5% 0.1%
    Colonial Savings, F.A. $205,000 n/a 0.1%
    First Bank $2,310,000 $205,000 -91.1% 0.1%
    Carrollton Bank $915,000 $190,000 -79.2% 0.1%
    CONSUMERS COOPERATIVE CREDIT UNION $190,000 n/a 0.1%
    The Bank of Missouri $515,000 $185,000 -64.1% 0.1%
    FIRST INTEGRITY MORTGAGE SERVICES, INC. $570,000 $175,000 -69.3% 0.1%
    FRONTIER FINANCIAL, INC. $395,000 $175,000 -55.7% 0.1%
    MICHIGAN MUTUAL, INC. $175,000 n/a 0.1%
    Midwest BankCentre $905,000 $170,000 -81.2% 0.1%
    Chicago Mortgage Solutions LLC $165,000 n/a 0.1%
    Plains Commerce Bank $295,000 $165,000 -44.1% 0.1%
    Alliance Bank $155,000 n/a 0.1%
    COMMERCIAL TRUST COMPANY OF FAYETTE $155,000 n/a 0.1%
    EMBRACE HOME LOANS, INC. $155,000 n/a 0.1%
    EVERETT FINANCIAL, INC. $155,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $155,000 n/a 0.1%
    UNION HOME MORTGAGE CORP. $450,000 $155,000 -65.6% 0.1%
    Axos Bank $145,000 n/a 0.1%
    MORTGAGE SOLUTIONS OF COLORADO, LLC $385,000 $145,000 -62.3% 0.1%
    PANORAMA MORTGAGE GROUP, LLC $145,000 n/a 0.1%
    Discover Bank $310,000 $140,000 -54.8% 0.1%
    FIRST COMMUNITY MORTGAGE, INC. $95,000 $135,000 42.1% 0.1%
    LEADERONE FINANCIAL CORPORATION $135,000 n/a 0.1%
    LAND HOME FINANCIAL SERVICES, INC. $125,000 n/a 0.0%
    AmeriHome Mortgage Company, LLC $165,000 $115,000 -30.3% 0.0%
    MUTUAL OF OMAHA MORTGAGE, INC. $135,000 $105,000 -22.2% 0.0%
    Great Southern Bank $100,000 n/a 0.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $150,000 $100,000 -33.3% 0.0%
    AMERICAN ADVISORS GROUP $95,000 n/a 0.0%
    MidFirst Bank $95,000 n/a 0.0%
    ELECTRO SAVINGS CREDIT UNION $85,000 $85,000 0.0% 0.0%
    Hometown Lenders, Inc. $85,000 n/a 0.0%
    VILLAGE CAPITAL MORTGAGE $1,380,000 $85,000 -93.8% 0.0%
    Goldwater Bank, N.A. $65,000 n/a 0.0%
    MISSOURI Credit Union $65,000 n/a 0.0%
    ROYAL UNITED MORTGAGE LLC $325,000 $55,000 -83.1% 0.0%
    State Department Federal Credit Union $55,000 n/a 0.0%
    Century Credit Union $75,000 $15,000 -80.0% 0.0%
    Simmons Bank $325,000 $15,000 -95.4% 0.0%

    Farmington's top lender by overall market share is GUILD MORTGAGE COMPANY, with 18.6% market share. In second place, with 17.6%, is First State Community Bank, having originated $46,440,000 in loans. In third place, with 7.5%, is Ozarks Federal Savings and Loan Association, having originated $19,935,000 in loans. In fourth place, with 5.0%, is QUICKEN LOANS, LLC, having originated $13,135,000 in loans. In fifth place, with 3.7%, is Peoples National Bank , N.A., having originated $9,680,000 in loans.

    Farmington Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Farmington (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 $131,300 (5.0%) $157,417 (2.6%) 0.00 256
    2018-02-01 $134,700 (11.8%) $154,876 (1.9%) 0.00 248
    2018-03-01 $135,500 (4.3%) $157,704 (-2.8%) 0.00 249
    2018-04-01 $132,675 (2.1%) $159,926 (-0.3%) 0.00 228
    2018-05-01 $134,900 (0.0%) $163,735 (-2.3%) 0.00 245
    2018-06-01 $137,500 (0.2%) $169,650 (1.8%) 0.00 256
    2018-07-01 $142,450 (3.2%) $178,726 (8.5%) 0.00 253
    2018-08-01 $153,650 (13.9%) $184,815 (17.0%) 0.00 236
    2018-09-01 $159,000 (20.0%) $186,301 (19.6%) 0.00 243
    2018-10-01 $153,650 (18.2%) $186,696 (18.6%) 0.00 235
    2018-11-01 $149,950 (15.6%) $192,361 (24.7%) 0.00 246
    2018-12-01 $149,900 (15.8%) $197,757 (28.0%) 0.00 246
    2019-01-01 $146,250 (11.4%) $200,619 (27.4%) 0.00 230
    2019-02-01 $142,925 (6.1%) $205,267 (32.5%) 0.00 217
    2019-03-01 $148,471 (9.6%) $212,515 (34.8%) 0.00 217
    2019-04-01 $153,471 (15.7%) $222,603 (39.2%) 0.00 206
    2019-05-01 $148,075 (9.8%) $217,213 (32.7%) 0.00 213
    2019-06-01 $164,450 (19.6%) $225,123 (32.7%) 0.00 203
    2019-07-01 $162,400 (14.0%) $222,647 (24.6%) 0.00 209
    2019-08-01 $159,927 (4.1%) $220,601 (19.4%) 0.00 210
    2019-09-01 $159,968 (0.6%) $217,543 (16.8%) 0.00 212
    2019-10-01 $159,945 (4.1%) $215,504 (15.4%) 0.00 216
    2019-11-01 $149,900 (0.0%) $208,709 (8.5%) 0.00 212
    2019-12-01 $140,925 (-6.0%) $200,474 (1.4%) 0.00 214
    2020-01-01 $144,400 (-1.3%) $207,719 (3.5%) 0.00 190
    2020-02-01 $149,000 (4.3%) $227,105 (10.6%) 0.00 177
    2020-03-01 $163,300 (10.0%) $251,231 (18.2%) 0.00 156
    2020-04-01 $169,950 (10.7%) $246,866 (10.9%) 0.00 158
    2020-05-01 $170,000 (14.8%) $267,815 (23.3%) 0.00 143
    2020-06-01 $170,438 (3.6%) $263,047 (16.9%) 0.00 130
    2020-07-01 $172,450 (6.2%) $252,074 (13.2%) 0.00 130
    2020-08-01 $179,900 (12.5%) $267,915 (21.5%) 0.00 109
    2020-09-01 $179,938 (12.5%) $262,190 (20.5%) 0.00 117
    2020-10-01 $177,000 (10.7%) $273,415 (26.9%) 0.00 124
    2020-11-01 $165,000 (10.1%) $228,407 (9.4%) 0.00 126
    2020-12-01 $156,175 (10.8%) $215,440 (7.5%) 0.00 111
    2021-01-01 $159,900 (10.7%) $222,200 (7.0%) 0.00 100
    2021-02-01 $163,200 (9.5%) $231,441 (1.9%) 0.00 73
    2021-03-01 $159,725 (-2.2%) $223,444 (-11.1%) 0.00 72
    2021-04-01 $181,200 (6.6%) $258,892 (4.9%) 0.00 66
    2021-05-01 $169,000 (-0.6%) $240,262 (-10.3%) 0.00 70
    2021-06-01 $151,225 (-11.3%) $222,979 (-15.2%) 0.00 84
    2021-07-01 $159,450 (-7.5%) $225,462 (-10.6%) 0.00 105
    2021-08-01 $177,450 (-1.4%) $235,609 (-12.1%) 0.00 116
    2021-09-01 $179,900 (0.0%) $243,853 (-7.0%) 0.00 115
    2021-10-01 $184,950 (4.5%) $256,360 (-6.2%) 0.00 126
    2021-11-01 $194,875 (18.1%) $278,146 (21.8%) 0.00 115
    2021-12-01 $194,750 (24.7%) $274,482 (27.4%) 0.00 108
    2022-01-01 $193,750 (21.2%) $272,005 (22.4%) 0.00 88
    2022-02-01 $194,225 (19.0%) $281,286 (21.5%) 0.00 83
    2022-03-01 $195,350 (22.3%) $286,635 (28.3%) 0.00 88
    2022-04-01 $199,900 (10.3%) $266,182 (2.8%) 0.00 79
    2022-05-01 $194,900 (15.3%) $253,200 (5.4%) 0.00 94
    2022-06-01 $199,900 (32.2%) $261,662 (17.4%) 0.00 100
    2022-07-01 $199,900 (25.4%) $257,820 (14.4%) 0.00 111
    2022-08-01 $194,950 (9.9%) $244,954 (4.0%) 0.00 134
    2022-09-01 $209,350 (16.4%) $255,534 (4.8%) 0.00 135
    2022-10-01 $197,450 (6.8%) $243,814 (-4.9%) 0.00 158
    2022-11-01 $207,450 (6.5%) $235,963 (-15.2%) 0.00 177
    2022-12-01 $214,900 (10.4%) $240,148 (-12.5%) 0.00 154
    2023-01-01 $197,675 (2.0%) $231,800 (-14.8%) 0.00 135
    2023-02-01 $207,400 (6.8%) $238,003 (-15.4%) 0.00 121
    2023-03-01 $219,900 (12.6%) $248,711 (-13.2%) 0.00 109
    2023-04-01 $199,900 (0.0%) $245,053 (-7.9%) 0.00 99
    2023-05-01 $223,700 (14.8%) $254,504 (0.5%) 0.00 94
    2023-06-01 $226,000 (13.1%) $270,900 (3.5%) 0.00 96
    2023-07-01 $232,900 (16.5%) $265,865 (3.1%) 0.00 102
    2023-08-01 $217,425 (11.5%) $250,847 (2.4%) 0.00 106
    Farmington's median listing price for 2023-08-01 was $217,425, a difference of $22,475 (11.5%) versus the prior year and $-15,475 versus the prior month.

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

    Farmington's average listing price for 2023-08-01 was $250,847, a difference of $5,893 (2.4%) versus the prior year and $-15,018 versus the prior month.

    For the 2023-08-01 period, Farmington had 106 MLS listings, a difference of 4 listings (4%) versus the prior month and -28 listings (-21%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Farmington (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,423 sqft
    2018-02-01 0 days 1,379 sqft
    2018-03-01 0 days 1,358 sqft
    2018-04-01 0 days 1,356 sqft
    2018-05-01 0 days 1,398 sqft
    2018-06-01 0 days 1,412 sqft
    2018-07-01 0 days 1,433 sqft
    2018-08-01 0 days 1,472 sqft
    2018-09-01 0 days 1,459 sqft
    2018-10-01 0 days 1,437 sqft
    2018-11-01 0 days 1,437 sqft
    2018-12-01 0 days 1,428 sqft
    2019-01-01 0 days 1,418 sqft
    2019-02-01 0 days 1,411 sqft
    2019-03-01 0 days 1,472 sqft
    2019-04-01 0 days 1,534 sqft
    2019-05-01 0 days 1,525 sqft
    2019-06-01 0 days 1,504 sqft
    2019-07-01 0 days 1,487 sqft
    2019-08-01 0 days 1,480 sqft
    2019-09-01 0 days 1,491 sqft
    2019-10-01 0 days 1,499 sqft
    2019-11-01 0 days 1,489 sqft
    2019-12-01 0 days 1,481 sqft
    2020-01-01 0 days 1,484 sqft
    2020-02-01 0 days 1,496 sqft
    2020-03-01 0 days 1,646 sqft
    2020-04-01 0 days 1,688 sqft
    2020-05-01 0 days 1,738 sqft
    2020-06-01 0 days 1,710 sqft
    2020-07-01 0 days 1,631 sqft
    2020-08-01 0 days 1,636 sqft
    2020-09-01 0 days 1,643 sqft
    2020-10-01 0 days 1,701 sqft
    2020-11-01 0 days 1,616 sqft
    2020-12-01 0 days 1,554 sqft
    2021-01-01 0 days 1,509 sqft
    2021-02-01 0 days 1,523 sqft
    2021-03-01 0 days 1,462 sqft
    2021-04-01 0 days 1,525 sqft
    2021-05-01 0 days 1,624 sqft
    2021-06-01 0 days 1,505 sqft
    2021-07-01 0 days 1,524 sqft
    2021-08-01 0 days 1,597 sqft
    2021-09-01 0 days 1,615 sqft
    2021-10-01 0 days 1,583 sqft
    2021-11-01 0 days 1,625 sqft
    2021-12-01 0 days 1,564 sqft
    2022-01-01 0 days 1,637 sqft
    2022-02-01 0 days 1,543 sqft
    2022-03-01 0 days 1,502 sqft
    2022-04-01 0 days 1,500 sqft
    2022-05-01 0 days 1,519 sqft
    2022-06-01 0 days 1,535 sqft
    2022-07-01 0 days 1,468 sqft
    2022-08-01 0 days 1,468 sqft
    2022-09-01 0 days 1,519 sqft
    2022-10-01 0 days 1,519 sqft
    2022-11-01 0 days 1,499 sqft
    2022-12-01 0 days 1,517 sqft
    2023-01-01 0 days 1,517 sqft
    2023-02-01 0 days 1,503 sqft
    2023-03-01 0 days 1,493 sqft
    2023-04-01 0 days 1,560 sqft
    2023-05-01 0 days 1,724 sqft
    2023-06-01 0 days 1,775 sqft
    2023-07-01 0 days 1,718 sqft
    2023-08-01 0 days 1,606 sqft
    Farmington's median listing age (time on market) for 2023-08-01 was 0 days.

    Farmington's median square footage for active listings during the 2023-08-01 period was 1,606 sqft. One year prior, the average listing was 1,468 sqft.

    Farmington, MO Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 833 $180,825,000 $217,077
    Refi 244 $33,740,000 $138,279
    Cash Out Refi 237 $37,775,000 $159,388
    Home Improvement 107 $6,115,000 $57,150
    Other 82 $5,710,000 $69,634

    Farmington's most frequently cited loan purpose was Home Purchase, with 833 originations. The 2nd most popular reason was Refi, with 244 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 387 $62,415,000 $161,279
    4-5% 375 $62,005,000 $165,347
    3-4% 318 $54,350,000 $170,912
    6-7% 191 $38,895,000 $203,639
    7-8% 60 $8,680,000 $144,667
    2.5-3% 57 $9,395,000 $164,825
    <2.5% 26 $3,110,000 $119,615
    Over 8% 20 $950,000 $47,500

    During 2022, Farmington's most frequently originated rate bucket was 5-6%, with 387 originations.

    Loan Sizing (Farmington, MO MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 611 $88,815,000 $145,360
    $100,000 or less 483 $28,975,000 $59,990
    $200k-400k 354 $93,050,000 $262,853
    $400k-600k 39 $18,595,000 $476,795
    $600k-1000k 8 $5,830,000 $728,750
    $Over $1MM 8 $28,900,000 $3,612,500

    Farmington's loan sizing saw the bucket of loans from $100k-200k with 611 originations, totaling $88,815,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 623 $120,235,000 $192,994
    60-80% 343 $69,815,000 $203,542
    40-60% 172 $23,790,000 $138,314
    Under 20% 120 $4,310,000 $35,917
    20-40% 119 $9,325,000 $78,361
    Over 100% 50 $11,460,000 $229,200

    Farmington's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 623 originations, totaling $120,235,000 in origination value.