Sikeston Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Sikeston averaged 6.95% 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 6.74% and one month ago for the week of 2023-08-17, the average rate was 6.85%.

Sikeston's average rate one year ago was 5.98%.

For refis of the same type during the week of 2023-09-21, the average rate was 7.39%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-21 7.19%
Sikeston 30 Year Fixed Rate 2023-09-21 6.95%
Sikeston 30 Year Fixed Rate Refi 2023-09-21 7.39%
Sikeston 15 Year Fixed Rate 2023-09-21 6.34%
Sikeston 15 Year Fixed Rate Refi 2023-09-21 6.44%
Sikeston 30 Year FHA 2023-09-21 6.67%
Sikeston 30 Year FHA Refi 2023-09-21 7.24%
Sikeston 30 Year USDA 2023-09-21 6.5%
Sikeston 30 Year USDA Refi 2023-09-21 7.22%
Sikeston 30 Year VA 2023-09-21 7.02%
Sikeston 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 Sikeston, MO.

Sikeston 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 Sikeston, 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
The Bank of Missouri 27 4.67% $2,556
First State Community Bank 18 4.80% $2,388
DAS Acquisition Company, LLC 16 5.30% $3,222
FLAT BRANCH MORTGAGE, INC. 15 5.51% $2,847
QUICKEN LOANS, LLC 13 5.10% $4,938
Wells Fargo Bank 13 4.72% $2,506
Southern Bank 12 4.95% $1,885
Flanagan State Bank 11 4.92% $7,558
U.S. Bank 11 4.85% $2,315
Truist 10 4.86% $2,412
Regions Bank 10 5.20% $3,216
Citizens Bank 8 4.59% $2,953
UNITED WHOLESALE MORTGAGE, LLC 6 4.39% $4,054
PLANET HOME LENDING, LLC 4 3.81% $2,262
Wood & Huston Bank 4 5.72% $2,244
NAVY FEDERAL CREDIT UNION 4 4.47% $1,619
Discover Bank 4 5.74% $0
PNC Bank 3 3.42% $4,104
FREEDOM MORTGAGE CORPORATION 2 4.87% $5,695
Farm Credit Mid-America, ACA 2 6.08% $6,333
Financial Funding Solutions, Inc. 2 5.00% $3,642
LOANDEPOT.COM, LLC 2 4.13% $7,048
Mortgage Research Center, LLC 2 6.06% $684
MOVEMENT MORTGAGE, LLC 2 6.66% $4,622
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.13% $6,519
Servion, Inc. 2 5.50% $3,414
ENDEAVOR CAPITAL, LLC. 1 5.25% $6,725
DELMAR FINANCIAL COMPANY 1 5.63% $2,660
Carrollton Bank 1 3.63% $2,468
Mr. Cooper ( Nationstar Mortgage ) 1 6.13% $5,762
BETTER MORTGAGE CORPORATION 1 6.13% $3,658
AMERISAVE MORTGAGE CORPORATION 1 5.25% $5,375
NP, Inc. 1 5.87% $1,608
Oakstar Bank 1 5.50% $2,750
PENTAGON FEDERAL CREDIT UNION 1 5.00% $1,504
Pinnacle Bank 1 5.75% $3,191
Flagstar Bank, FSB 1 3.36% $2,509
First Federal Savings Bank 1 4.88% $1,171
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.38% $5,897
FIRST COMMUNITY 1 4.50% $1,041
First Bank 1 3.75% $3,958
ROYAL UNITED MORTGAGE LLC 1 4.25% $6,466
RUOFF MORTGAGE COMPANY, INC. 1 4.88% $795
Bell Bank 1 4.63% $3,553
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.63% $2,166
Stifel Bank and Trust 1 3.75% $2,357
EVANSVILLE TEACHERS 1 3.00% $2,606
GENEVA FINANCIAL, LLC 1 7.38% $6,548
GERSHMAN INVESTMENT CORP. 1 6.13% $2,747
GUILD MORTGAGE COMPANY 1 5.88% $3,051
HOME POINT FINANCIAL CORPORATION 1 3.75% $3,202
HOMESTAR FINANCIAL CORPORATION 1 5.75% $2,384

Sikeston Average Closing Costs & Other Stats

Sikeston, MO's 52 lenders originated 807 loans during 2022. The total origination value was $116,465,000, with an average loan value of $144,318.

Sikeston's average closing costs are $3,778.

The top Sikeston lender as defined by loan originations is The Bank of Missouri, with 27 loans originated. Their average total fees are $2,556, which is $168 higher than the next largest lender, First State Community Bank.

The lowest fee Sikeston lenders (with over 10 loans originated) are Southern Bank ($1,885), U.S. Bank ($2,315), First State Community Bank ($2,388), Truist ($2,412) and Wells Fargo Bank ($2,506).

The lowest rate Sikeston lenders (with over 10 loans originated) are The Bank of Missouri (4.67%), Wells Fargo Bank (4.72%), First State Community Bank (4.80%), U.S. Bank (4.85%) and Truist (4.86%).

Sikeston, 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
First State Community Bank $7,900,000 $11,885,000 50.4% 10.2%
Alliance Bank $18,555,000 $9,800,000 -47.2% 8.4%
Flanagan State Bank $6,260,000 $6,515,000 4.1% 5.6%
The Bank of Missouri $8,415,000 $6,435,000 -23.5% 5.5%
First Midwest Bank of Dexter $7,410,000 $6,120,000 -17.4% 5.3%
FLAT BRANCH MORTGAGE, INC. $7,350,000 $5,915,000 -19.5% 5.1%
DAS Acquisition Company, LLC $4,760,000 $5,340,000 12.2% 4.6%
Montgomery Bank $5,650,000 $4,730,000 -16.3% 4.1%
QUICKEN LOANS, LLC $10,895,000 $4,095,000 -62.4% 3.5%
Southern Bank $4,955,000 $3,570,000 -28.0% 3.1%
Mortgage Research Center, LLC $1,960,000 $3,355,000 71.2% 2.9%
Focus Bank $2,530,000 $2,980,000 17.8% 2.6%
Regions Bank $4,215,000 $2,895,000 -31.3% 2.5%
U.S. Bank $6,080,000 $2,775,000 -54.4% 2.4%
Citizens Bank $4,205,000 $2,220,000 -47.2% 1.9%
Truist $305,000 $2,140,000 601.6% 1.8%
Wells Fargo Bank $5,220,000 $2,110,000 -59.6% 1.8%
LOANDEPOT.COM, LLC $1,915,000 $1,940,000 1.3% 1.7%
MOVEMENT MORTGAGE, LLC $1,320,000 $1,625,000 23.1% 1.4%
UNITED WHOLESALE MORTGAGE, LLC $2,725,000 $1,625,000 -40.4% 1.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,470,000 $1,595,000 8.5% 1.4%
GUILD MORTGAGE COMPANY $2,000,000 $1,270,000 -36.5% 1.1%
Magnolia Bank $635,000 $1,180,000 85.8% 1.0%
PLANET HOME LENDING, LLC $1,140,000 $1,120,000 -1.8% 1.0%
Wood & Huston Bank $1,720,000 $1,090,000 -36.6% 0.9%
Financial Funding Solutions, Inc. $875,000 n/a 0.8%
First Bank $865,000 n/a 0.7%
PNC Bank $840,000 n/a 0.7%
Flagstar Bank, FSB $725,000 $760,000 4.8% 0.7%
21ST MORTGAGE CORPORATION $370,000 $740,000 100.0% 0.6%
FIRST COMMUNITY MORTGAGE, INC. $1,130,000 $730,000 -35.4% 0.6%
HOME POINT FINANCIAL CORPORATION $955,000 $720,000 -24.6% 0.6%
GERSHMAN INVESTMENT CORP. $1,465,000 $695,000 -52.6% 0.6%
PENNYMAC LOAN SERVICES, LLC $1,390,000 $640,000 -54.0% 0.5%
Farm Credit Mid-America, ACA $580,000 n/a 0.5%
FREEDOM MORTGAGE CORPORATION $2,320,000 $565,000 -75.6% 0.5%
Dieterich Bank $115,000 $550,000 378.3% 0.5%
Commerce Bank $895,000 $495,000 -44.7% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $280,000 $495,000 76.8% 0.4%
MUTUAL OF OMAHA MORTGAGE, INC. $135,000 $485,000 259.3% 0.4%
NAVY FEDERAL CREDIT UNION $635,000 $485,000 -23.6% 0.4%
USAA Federal Savings Bank $420,000 $485,000 15.5% 0.4%
DELMAR FINANCIAL COMPANY $1,020,000 $480,000 -52.9% 0.4%
Servion, Inc. $465,000 n/a 0.4%
Discover Bank $430,000 n/a 0.4%
AMERISAVE MORTGAGE CORPORATION $460,000 $425,000 -7.6% 0.4%
NP, Inc. $145,000 $410,000 182.8% 0.4%
SCOTT CREDIT UNION $410,000 n/a 0.4%
Bell Bank $405,000 n/a 0.3%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,060,000 $400,000 -62.3% 0.3%
GENEVA FINANCIAL, LLC $340,000 n/a 0.3%
Stifel Bank and Trust $315,000 n/a 0.3%
NEW DAY FINANCIAL, LLC $560,000 $285,000 -49.1% 0.2%
ENDEAVOR CAPITAL, LLC. $250,000 $275,000 10.0% 0.2%
CALIBER HOME LOANS, INC. $1,260,000 $270,000 -78.6% 0.2%
EVANSVILLE TEACHERS $250,000 n/a 0.2%
Mid-Continent Funding, Inc. $105,000 $245,000 133.3% 0.2%
EVERETT FINANCIAL, INC. $240,000 n/a 0.2%
HOMEBRIDGE FINANCIAL SERVICES, INC. $235,000 n/a 0.2%
JPMorgan Chase Bank $905,000 $205,000 -77.3% 0.2%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $195,000 n/a 0.2%
Carrington Mortgage Services, LLC $105,000 $190,000 81.0% 0.2%
Banterra Bank $445,000 $185,000 -58.4% 0.2%
LAKEVIEW LOAN SERVICING, LLC $355,000 $185,000 -47.9% 0.2%
Paramount Residential Mortgage Group, Inc. $175,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $420,000 $170,000 -59.5% 0.1%
Carrollton Bank $165,000 n/a 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $165,000 n/a 0.1%
LOANPAL, LLC $85,000 $155,000 82.4% 0.1%
RUOFF MORTGAGE COMPANY, INC. $85,000 $145,000 70.6% 0.1%
BETTER MORTGAGE CORPORATION $300,000 $135,000 -55.0% 0.1%
Community Mortgage Banc Corporation $135,000 n/a 0.1%
Nations Lending Corporation $105,000 $135,000 28.6% 0.1%
AMERICAN FINANCING CORPORATION $65,000 $125,000 92.3% 0.1%
Enterprise Bank & Trust $125,000 n/a 0.1%
FIRST COMMUNITY $125,000 n/a 0.1%
First Federal Savings Bank $125,000 n/a 0.1%
HOMESTAR FINANCIAL CORPORATION $125,000 n/a 0.1%
JLB CORPORATION $125,000 n/a 0.1%
Oakstar Bank $125,000 n/a 0.1%
SOUTHWEST FUNDING, LP $205,000 $115,000 -43.9% 0.1%
TOP FLITE FINANCIAL, INC. $115,000 n/a 0.1%
Deere Employees Credit Union $35,000 $105,000 200.0% 0.1%
AMERICAN PACIFIC MORTGAGE CORPORATION $95,000 n/a 0.1%
AMERICAN ADVISORS GROUP $110,000 $85,000 -22.7% 0.1%
Great Southern Bank $95,000 $85,000 -10.5% 0.1%
NEWREZ LLC $290,000 $85,000 -70.7% 0.1%
Transportation Federal Credit Union $85,000 n/a 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $85,000 n/a 0.1%
GUARANTEED RATE, INC. $415,000 $75,000 -81.9% 0.1%
PENTAGON FEDERAL CREDIT UNION $75,000 n/a 0.1%
First Guaranty Mortgage Corporation $1,690,000 $55,000 -96.7% 0.0%
Pinnacle Bank $55,000 n/a 0.0%
FCB Banks $45,000 n/a 0.0%
TRIAD FINANCIAL SERVICES, INC. $255,000 $45,000 -82.4% 0.0%

Sikeston's top lender by overall market share is First State Community Bank, with 10.2% market share. In second place, with 8.4%, is Alliance Bank, having originated $9,800,000 in loans. In third place, with 5.6%, is Flanagan State Bank, having originated $6,515,000 in loans. In fourth place, with 5.5%, is The Bank of Missouri, having originated $6,435,000 in loans. In fifth place, with 5.3%, is First Midwest Bank of Dexter, having originated $6,120,000 in loans.


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

Realtor.com - Sikeston (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 $128,450 (27.0%) $146,222 (21.1%) 0.00 68
2018-02-01 $129,900 (28.0%) $147,000 (24.0%) 0.00 68
2018-03-01 $129,900 (22.6%) $134,594 (9.9%) 0.00 66
2018-04-01 $129,900 (13.1%) $136,192 (3.4%) 0.00 74
2018-05-01 $123,250 (7.3%) $142,091 (2.7%) 0.00 73
2018-06-01 $119,900 (7.3%) $137,459 (0.6%) 0.00 72
2018-07-01 $112,925 (0.8%) $134,214 (3.1%) 0.00 80
2018-08-01 $120,325 (3.6%) $138,356 (2.4%) 0.00 73
2018-09-01 $123,700 (-1.0%) $138,595 (-2.3%) 0.00 84
2018-10-01 $129,675 (10.5%) $141,256 (-0.3%) 0.00 84
2018-11-01 $126,750 (3.5%) $140,223 (-1.5%) 0.00 79
2018-12-01 $124,000 (-2.0%) $143,739 (-1.9%) 0.00 77
2019-01-01 $124,225 (-3.3%) $150,617 (3.0%) 0.00 74
2019-02-01 $127,450 (-1.9%) $155,393 (5.7%) 0.00 76
2019-03-01 $138,021 (6.3%) $158,135 (17.5%) 0.00 81
2019-04-01 $138,271 (6.4%) $152,660 (12.1%) 0.00 87
2019-05-01 $136,225 (10.5%) $156,675 (10.3%) 0.00 87
2019-06-01 $142,400 (18.8%) $168,492 (22.6%) 0.00 89
2019-07-01 $144,075 (27.6%) $173,224 (29.1%) 0.00 95
2019-08-01 $142,336 (18.3%) $167,590 (21.1%) 0.00 112
2019-09-01 $135,341 (9.4%) $157,843 (13.9%) 0.00 140
2019-10-01 $129,900 (0.2%) $153,531 (8.7%) 0.00 170
2019-11-01 $124,900 (-1.5%) $153,897 (9.8%) 0.00 177
2019-12-01 $129,000 (4.0%) $156,978 (9.2%) 0.00 169
2020-01-01 $125,450 (1.0%) $154,108 (2.3%) 0.00 161
2020-02-01 $129,450 (1.6%) $156,893 (1.0%) 0.00 159
2020-03-01 $125,000 (-9.4%) $152,819 (-3.4%) 0.00 160
2020-04-01 $124,700 (-9.8%) $152,140 (-0.3%) 0.00 152
2020-05-01 $124,500 (-8.6%) $150,508 (-3.9%) 0.00 139
2020-06-01 $129,900 (-8.8%) $151,716 (-10.0%) 0.00 137
2020-07-01 $134,450 (-6.7%) $152,834 (-11.8%) 0.00 120
2020-08-01 $142,500 (0.1%) $162,160 (-3.2%) 0.00 95
2020-09-01 $138,000 (2.0%) $156,693 (-0.7%) 0.00 87
2020-10-01 $138,000 (6.2%) $161,601 (5.3%) 0.00 83
2020-11-01 $140,000 (12.1%) $161,674 (5.1%) 0.00 93
2020-12-01 $139,125 (7.9%) $158,638 (1.1%) 0.00 90
2021-01-01 $139,000 (10.8%) $154,544 (0.3%) 0.00 84
2021-02-01 $129,925 (0.4%) $153,399 (-2.2%) 0.00 72
2021-03-01 $124,226 (-0.6%) $148,038 (-3.1%) 0.00 66
2021-04-01 $123,338 (-1.1%) $149,282 (-1.9%) 0.00 68
2021-05-01 $135,450 (8.8%) $152,685 (1.5%) 0.00 66
2021-06-01 $139,900 (7.7%) $159,822 (5.3%) 0.00 65
2021-07-01 $149,900 (11.5%) $168,972 (10.6%) 0.00 66
2021-08-01 $149,925 (5.2%) $177,219 (9.3%) 0.00 64
2021-09-01 $147,450 (6.9%) $171,046 (9.2%) 0.00 77
2021-10-01 $144,900 (5.0%) $166,620 (3.1%) 0.00 80
2021-11-01 $139,900 (-0.1%) $159,569 (-1.3%) 0.00 74
2021-12-01 $135,400 (-2.7%) $160,955 (1.5%) 0.00 72
2022-01-01 $149,700 (7.7%) $172,479 (11.6%) 0.00 65
2022-02-01 $149,900 (15.4%) $188,781 (23.1%) 0.00 64
2022-03-01 $157,450 (26.7%) $207,456 (40.1%) 0.00 70
2022-04-01 $150,000 (21.6%) $185,763 (24.4%) 0.00 76
2022-05-01 $145,000 (7.1%) $176,617 (15.7%) 0.00 76
2022-06-01 $138,175 (-1.2%) $169,373 (6.0%) 0.00 71
2022-07-01 $144,900 (-3.3%) $184,160 (9.0%) 0.00 73
2022-08-01 $123,500 (-17.6%) $168,543 (-4.9%) 0.00 108
2022-09-01 $117,400 (-20.4%) $174,562 (2.1%) 0.00 115
2022-10-01 $119,900 (-17.3%) $179,615 (7.8%) 0.00 110
2022-11-01 $104,925 (-25.0%) $179,801 (12.7%) 0.00 113
2022-12-01 $99,450 (-26.6%) $172,360 (7.1%) 0.00 127
2023-01-01 $123,100 (-17.8%) $174,671 (1.3%) 0.00 94
2023-02-01 $129,450 (-13.6%) $178,845 (-5.3%) 0.00 83
2023-03-01 $148,500 (-5.7%) $186,507 (-10.1%) 0.00 88
2023-04-01 $149,900 (-0.1%) $194,089 (4.5%) 0.00 85
2023-05-01 $159,900 (10.3%) $203,015 (15.0%) 0.00 90
2023-06-01 $159,900 (15.7%) $202,311 (19.5%) 0.00 89
2023-07-01 $164,900 (13.8%) $204,804 (11.2%) 0.00 91
2023-08-01 $161,575 (30.8%) $199,251 (18.2%) 0.00 99
Sikeston's median listing price for 2023-08-01 was $161,575, a difference of $38,075 (30.8%) versus the prior year and $-3,325 versus the prior month.

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

Sikeston's average listing price for 2023-08-01 was $199,251, a difference of $30,708 (18.2%) versus the prior year and $-5,553 versus the prior month.

For the 2023-08-01 period, Sikeston had 99 MLS listings, a difference of 8 listings (9%) versus the prior month and -9 listings (-8%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Sikeston (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,477 sqft
2018-02-01 0 days 1,477 sqft
2018-03-01 0 days 1,443 sqft
2018-04-01 0 days 1,545 sqft
2018-05-01 0 days 1,498 sqft
2018-06-01 0 days 1,466 sqft
2018-07-01 0 days 1,466 sqft
2018-08-01 0 days 1,544 sqft
2018-09-01 0 days 1,536 sqft
2018-10-01 0 days 1,544 sqft
2018-11-01 0 days 1,549 sqft
2018-12-01 0 days 1,542 sqft
2019-01-01 0 days 1,565 sqft
2019-02-01 0 days 1,574 sqft
2019-03-01 0 days 1,653 sqft
2019-04-01 0 days 1,667 sqft
2019-05-01 0 days 1,655 sqft
2019-06-01 0 days 1,720 sqft
2019-07-01 0 days 1,612 sqft
2019-08-01 0 days 1,633 sqft
2019-09-01 0 days 1,679 sqft
2019-10-01 0 days 1,742 sqft
2019-11-01 0 days 1,724 sqft
2019-12-01 0 days 1,700 sqft
2020-01-01 0 days 1,704 sqft
2020-02-01 0 days 1,752 sqft
2020-03-01 0 days 1,730 sqft
2020-04-01 0 days 1,736 sqft
2020-05-01 0 days 1,713 sqft
2020-06-01 0 days 1,721 sqft
2020-07-01 0 days 1,747 sqft
2020-08-01 0 days 1,778 sqft
2020-09-01 0 days 1,722 sqft
2020-10-01 0 days 1,604 sqft
2020-11-01 0 days 1,615 sqft
2020-12-01 0 days 1,555 sqft
2021-01-01 0 days 1,548 sqft
2021-02-01 0 days 1,523 sqft
2021-03-01 0 days 1,609 sqft
2021-04-01 0 days 1,554 sqft
2021-05-01 0 days 1,554 sqft
2021-06-01 0 days 1,619 sqft
2021-07-01 0 days 1,652 sqft
2021-08-01 0 days 1,652 sqft
2021-09-01 0 days 1,626 sqft
2021-10-01 0 days 1,600 sqft
2021-11-01 0 days 1,551 sqft
2021-12-01 0 days 1,507 sqft
2022-01-01 0 days 1,668 sqft
2022-02-01 0 days 1,660 sqft
2022-03-01 0 days 1,655 sqft
2022-04-01 0 days 1,581 sqft
2022-05-01 0 days 1,628 sqft
2022-06-01 0 days 1,440 sqft
2022-07-01 0 days 1,534 sqft
2022-08-01 0 days 1,399 sqft
2022-09-01 0 days 1,399 sqft
2022-10-01 0 days 1,400 sqft
2022-11-01 0 days 1,315 sqft
2022-12-01 0 days 1,295 sqft
2023-01-01 0 days 1,323 sqft
2023-02-01 0 days 1,291 sqft
2023-03-01 0 days 1,289 sqft
2023-04-01 0 days 1,400 sqft
2023-05-01 0 days 1,484 sqft
2023-06-01 0 days 1,484 sqft
2023-07-01 0 days 1,534 sqft
2023-08-01 0 days 1,445 sqft
Sikeston's median listing age (time on market) for 2023-08-01 was 0 days.

Sikeston's median square footage for active listings during the 2023-08-01 period was 1,445 sqft. One year prior, the average listing was 1,399 sqft.

Sikeston, MO Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 488 $73,510,000 $150,635
Refi 132 $23,880,000 $180,909
Cash Out Refi 85 $12,585,000 $148,059
Home Improvement 56 $3,650,000 $65,179
Other 46 $2,840,000 $61,739

Sikeston's most frequently cited loan purpose was Home Purchase, with 488 originations. The 2nd most popular reason was Refi, with 132 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
5-6% 187 $25,565,000 $136,711
4-5% 139 $24,045,000 $172,986
3-4% 136 $21,870,000 $160,809
6-7% 71 $9,645,000 $135,845
7-8% 34 $4,120,000 $121,176
2.5-3% 33 $4,445,000 $134,697
Over 8% 12 $750,000 $62,500
<2.5% 7 $975,000 $139,286

During 2022, Sikeston's most frequently originated rate bucket was 5-6%, with 187 originations.

Loan Sizing (Sikeston, MO MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 363 $50,565,000 $139,298
$100,000 or less 301 $18,935,000 $62,907
$200k-400k 125 $32,725,000 $261,800
$400k-600k 15 $6,935,000 $462,333
$600k-1000k 2 $1,480,000 $740,000
$Over $1MM 1 $5,825,000 $5,825,000

Sikeston's loan sizing saw the bucket of loans from $100k-200k with 363 originations, totaling $50,565,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 333 $48,025,000 $144,219
60-80% 156 $25,130,000 $161,090
40-60% 61 $13,225,000 $216,803
20-40% 33 $2,745,000 $83,182
Under 20% 28 $880,000 $31,429
Over 100% 6 $1,210,000 $201,667

Sikeston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 333 originations, totaling $48,025,000 in origination value.