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 7.04% for the week of 2025-02-13, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2025-02-06) was 6.86% and one month ago for the week of 2025-01-09, the average rate was 6.9%.

Sikeston's average rate one year ago was 6.61%.

For refis of the same type during the week of 2025-02-13, the average rate was 7.47%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-02-13 6.87%
Sikeston 30 Year Fixed Rate 2025-02-13 7.04%
Sikeston 30 Year Fixed Rate Refi 2025-02-13 7.47%
Sikeston 15 Year Fixed Rate 2025-02-13 5.99%
Sikeston 15 Year Fixed Rate Refi 2025-02-13 6.49%
Sikeston 30 Year FHA 2025-02-13 6.44%
Sikeston 30 Year FHA Refi 2025-02-13 6.62%
Sikeston 30 Year USDA 2025-02-13 6.53%
Sikeston 30 Year USDA Refi 2025-02-13 6.43%
Sikeston 30 Year VA 2025-02-13 6.43%
Sikeston 30 Year VA Refi 2025-02-13 6.43%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
DAS Acquisition Company, LLC 17 6.77% $3,495
First State Community Bank 16 7.01% $2,597
The Bank of Missouri 16 6.55% $2,522
FLAT BRANCH MORTGAGE, INC. 11 6.86% $3,185
Southern Bank 9 6.97% $2,025
U.S. Bank 7 7.16% $2,446
Truist 7 6.69% $2,368
Flanagan State Bank 5 6.30% $6,935
QUICKEN LOANS, LLC 4 6.72% $6,325
Regions Bank 4 7.06% $2,689
Arvest Bank 3 6.33% $3,150
PLANET HOME LENDING, LLC 3 6.33% $3,835
FIRST COMMUNITY MORTGAGE, INC. 3 6.88% $2,386
Citizens Bank 2 6.31% $3,314
Wells Fargo Bank 2 7.38% $3,444
ZILLOW HOME LOANS, LLC 2 7.69% $5,650
TOWNE MORTGAGE COMPANY 1 5.75% $4,862
LOANDEPOT.COM, LLC 1 6.99% $6,148
CHURCHILL MORTGAGE CORPORATION 1 7.63% $2,389
Citadel Servicing Corporation 1 9.38% $6,306
Commerce Bank 1 7.50% $5,224
DELMAR FINANCIAL COMPANY 1 6.13% $2,752
Financial Funding Solutions, Inc. 1 6.63% $2,643
Gateway First Bank 1 5.88% $2,955
GUILD MORTGAGE COMPANY 1 7.50% $2,956
LAKEVIEW LOAN SERVICING, LLC 1 6.63% $6,184
21ST MORTGAGE CORPORATION 1 8.61% $8,242
Magnolia Bank 1 7.25% $2,609
Mr. Cooper ( Nationstar Mortgage ) 1 5.63% $11,559
NEWREZ LLC 1 8.00% $2,939
PENTAGON FEDERAL CREDIT UNION 1 6.13% $6,292
PREMIA MORTGAGE, LLC 1 7.63% $708
RUOFF MORTGAGE COMPANY, INC. 1 5.38% $5,147

Sikeston Average Closing Costs & Other Stats

Sikeston, MO's 33 lenders originated 574 loans during 2023. The total origination value was $75,710,000, with an average loan value of $131,899.

Sikeston's average closing costs are $3,893.

The top Sikeston lender as defined by loan originations is DAS Acquisition Company, LLC, with 17 loans originated. Their average total fees are $3,495, which is $898 higher than the next largest lender, First State Community Bank.

The lowest fee Sikeston lenders (with over 10 loans originated) are The Bank of Missouri ($2,522), First State Community Bank ($2,597), FLAT BRANCH MORTGAGE, INC. ($3,185), DAS Acquisition Company, LLC ($3,495) and .

The lowest rate Sikeston lenders (with over 10 loans originated) are The Bank of Missouri (6.55%), DAS Acquisition Company, LLC (6.77%), FLAT BRANCH MORTGAGE, INC. (6.86%), First State Community Bank (7.01%) and .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
DAS Acquisition Company, LLC $5,340,000 $9,180,000 71.9% 12.1%
Alliance Bank $9,800,000 $5,610,000 -42.8% 7.4%
First State Community Bank $11,885,000 $5,525,000 -53.5% 7.3%
Southern Bank $3,570,000 $5,145,000 44.1% 6.8%
The Bank of Missouri $6,435,000 $4,305,000 -33.1% 5.7%
Montgomery Bank $4,730,000 $4,165,000 -11.9% 5.5%
Mortgage Research Center, LLC $3,355,000 $4,080,000 21.6% 5.4%
FLAT BRANCH MORTGAGE, INC. $5,915,000 $4,070,000 -31.2% 5.4%
Flanagan State Bank $6,515,000 $3,980,000 -38.9% 5.3%
QUICKEN LOANS, LLC $4,095,000 $2,855,000 -30.3% 3.8%
First Midwest Bank of Dexter $6,120,000 $2,465,000 -59.7% 3.3%
Gateway First Bank $1,940,000 n/a 2.6%
U.S. Bank $2,775,000 $1,675,000 -39.6% 2.2%
Focus Bank $2,980,000 $1,650,000 -44.6% 2.2%
Truist $2,140,000 $1,260,000 -41.1% 1.7%
Regions Bank $2,895,000 $950,000 -67.2% 1.3%
PLANET HOME LENDING, LLC $1,120,000 $760,000 -32.1% 1.0%
Arvest Bank $755,000 n/a 1.0%
GERSHMAN INVESTMENT CORP. $695,000 $705,000 1.4% 0.9%
Citizens Bank $2,220,000 $555,000 -75.0% 0.7%
Commerce Bank $495,000 $525,000 6.1% 0.7%
SUCCESS MORTGAGE PARTNERS, INC. $520,000 n/a 0.7%
MOVEMENT MORTGAGE, LLC $1,625,000 $500,000 -69.2% 0.7%
PREMIA MORTGAGE, LLC $495,000 n/a 0.7%
TOP FLITE FINANCIAL, INC. $115,000 $455,000 295.7% 0.6%
PENTAGON FEDERAL CREDIT UNION $75,000 $440,000 486.7% 0.6%
PENNYMAC LOAN SERVICES, LLC $640,000 $415,000 -35.2% 0.5%
FIRST COMMUNITY MORTGAGE, INC. $730,000 $405,000 -44.5% 0.5%
21ST MORTGAGE CORPORATION $740,000 $395,000 -46.6% 0.5%
GUILD MORTGAGE COMPANY $1,270,000 $395,000 -68.9% 0.5%
Magnolia Bank $1,180,000 $355,000 -69.9% 0.5%
LAKEVIEW LOAN SERVICING, LLC $185,000 $350,000 89.2% 0.5%
NAVY FEDERAL CREDIT UNION $485,000 $330,000 -32.0% 0.4%
LOANDEPOT.COM, LLC $1,940,000 $310,000 -84.0% 0.4%
Mr. Cooper ( Nationstar Mortgage ) $495,000 $300,000 -39.4% 0.4%
CARDINAL FINANCIAL $400,000 $290,000 -27.5% 0.4%
NEWREZ LLC $85,000 $290,000 241.2% 0.4%
ZILLOW HOME LOANS, LLC $290,000 n/a 0.4%
Peoples Community Bank $285,000 n/a 0.4%
USAA Federal Savings Bank $485,000 $280,000 -42.3% 0.4%
AMERISAVE MORTGAGE CORPORATION $425,000 $265,000 -37.6% 0.4%
DELMAR FINANCIAL COMPANY $480,000 $260,000 -45.8% 0.3%
Carrington Mortgage Services, LLC $190,000 $230,000 21.1% 0.3%
SOUTHWEST STAGE FUNDING, LLC $230,000 n/a 0.3%
Wells Fargo Bank $2,110,000 $230,000 -89.1% 0.3%
Flagstar Bank, FSB $760,000 $210,000 -72.4% 0.3%
UNITED WHOLESALE MORTGAGE, LLC $1,625,000 $200,000 -87.7% 0.3%
Citizens National Bank of Greater St. Louis $175,000 n/a 0.2%
Wood & Huston Bank $1,090,000 $160,000 -85.3% 0.2%
GENEVA FINANCIAL, LLC $340,000 $155,000 -54.4% 0.2%
Bank of England $145,000 n/a 0.2%
Citadel Servicing Corporation $145,000 n/a 0.2%
ENDEAVOR CAPITAL, LLC. $275,000 $145,000 -47.3% 0.2%
NATIONWIDE MORTGAGE BANKERS, INC. $145,000 n/a 0.2%
PHH Mortgage Corporation $145,000 n/a 0.2%
TOWNE MORTGAGE COMPANY $145,000 n/a 0.2%
First Western Federal Savings Bank $140,000 n/a 0.2%
RUOFF MORTGAGE COMPANY, INC. $145,000 $140,000 -3.4% 0.2%
TRIAD FINANCIAL SERVICES, INC. $45,000 $140,000 211.1% 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,595,000 $135,000 -91.5% 0.2%
Midwest Mortgage Associates Corporation $135,000 n/a 0.2%
NEW DAY FINANCIAL, LLC $285,000 $125,000 -56.1% 0.2%
Sterling Bank $120,000 n/a 0.2%
Banterra Bank $185,000 $110,000 -40.5% 0.1%
GUARANTY HOME MORTGAGE CORPORATION $95,000 n/a 0.1%
MRV Banks $95,000 n/a 0.1%
NP, Inc. $410,000 $95,000 -76.8% 0.1%
Bank of America $90,000 n/a 0.1%
BMO Harris Bank $85,000 n/a 0.1%
MORTGAGE SOLUTIONS OF COLORADO, LLC $85,000 n/a 0.1%
The Paducah Bank and Trust Company $85,000 n/a 0.1%
FREEDOM MORTGAGE CORPORATION $565,000 $75,000 -86.7% 0.1%
ROYAL UNITED MORTGAGE LLC $170,000 $65,000 -61.8% 0.1%
STAR USA FEDERAL CREDIT UNION $55,000 n/a 0.1%
Financial Funding Solutions, Inc. $875,000 $45,000 -94.9% 0.1%
CHURCHILL MORTGAGE CORPORATION $25,000 n/a 0.0%

Sikeston's top lender by overall market share is DAS Acquisition Company, LLC, with 12.1% market share. In second place, with 7.4%, is Alliance Bank, having originated $5,610,000 in loans. In third place, with 7.3%, is First State Community Bank, having originated $5,525,000 in loans. In fourth place, with 6.8%, is Southern Bank, having originated $5,145,000 in loans. In fifth place, with 5.7%, is The Bank of Missouri, having originated $4,305,000 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 $125,425 (25.6%) $143,472 (21.9%) 0.00 71
2018-02-01 $122,975 (23.7%) $140,691 (21.3%) 0.00 73
2018-03-01 $124,900 (26.6%) $126,232 (6.7%) 0.00 71
2018-04-01 $126,250 (14.9%) $132,201 (2.1%) 0.00 78
2018-05-01 $122,500 (10.2%) $139,311 (2.3%) 0.00 76
2018-06-01 $119,900 (9.6%) $135,528 (2.3%) 0.00 76
2018-07-01 $110,350 (2.7%) $131,209 (3.8%) 0.00 85
2018-08-01 $114,975 (7.5%) $134,456 (1.9%) 0.00 89
2018-09-01 $119,450 (-4.4%) $134,585 (-3.6%) 0.00 100
2018-10-01 $122,813 (4.6%) $135,560 (-4.1%) 0.00 98
2018-11-01 $123,000 (0.4%) $135,738 (-4.3%) 0.00 90
2018-12-01 $119,500 (-4.4%) $137,957 (-4.8%) 0.00 88
2019-01-01 $121,325 (-3.3%) $143,443 (0.0%) 0.00 86
2019-02-01 $125,000 (1.7%) $150,729 (7.1%) 0.00 88
2019-03-01 $135,800 (8.7%) $154,171 (22.1%) 0.00 91
2019-04-01 $135,850 (7.6%) $151,001 (14.2%) 0.00 97
2019-05-01 $135,000 (10.2%) $154,690 (11.0%) 0.00 97
2019-06-01 $139,900 (16.7%) $164,013 (21.0%) 0.00 100
2019-07-01 $140,425 (27.3%) $167,750 (27.9%) 0.00 106
2019-08-01 $136,445 (18.7%) $161,889 (20.4%) 0.00 133
2019-09-01 $129,389 (8.3%) $151,152 (12.3%) 0.00 178
2019-10-01 $124,408 (1.3%) $144,092 (6.3%) 0.00 223
2019-11-01 $119,900 (-2.5%) $141,334 (4.1%) 0.00 233
2019-12-01 $119,975 (0.4%) $142,965 (3.6%) 0.00 225
2020-01-01 $119,450 (-1.6%) $141,013 (-1.7%) 0.00 215
2020-02-01 $122,500 (-2.0%) $142,565 (-5.4%) 0.00 214
2020-03-01 $120,000 (-11.6%) $139,898 (-9.3%) 0.00 216
2020-04-01 $119,800 (-11.8%) $139,115 (-7.9%) 0.00 207
2020-05-01 $114,900 (-14.9%) $137,662 (-11.0%) 0.00 190
2020-06-01 $118,475 (-15.3%) $138,032 (-15.8%) 0.00 190
2020-07-01 $119,425 (-15.0%) $138,671 (-17.3%) 0.00 172
2020-08-01 $123,500 (-9.5%) $141,782 (-12.4%) 0.00 152
2020-09-01 $118,925 (-8.1%) $141,610 (-6.3%) 0.00 138
2020-10-01 $123,700 (-0.6%) $146,598 (1.7%) 0.00 136
2020-11-01 $124,900 (4.2%) $147,738 (4.5%) 0.00 143
2020-12-01 $119,075 (-0.8%) $142,172 (-0.6%) 0.00 142
2021-01-01 $109,950 (-8.0%) $136,845 (-3.0%) 0.00 133
2021-02-01 $110,000 (-10.2%) $133,649 (-6.3%) 0.00 118
2021-03-01 $105,000 (-12.5%) $131,564 (-6.0%) 0.00 113
2021-04-01 $112,950 (-5.7%) $135,853 (-2.3%) 0.00 109
2021-05-01 $119,750 (4.2%) $138,221 (0.4%) 0.00 100
2021-06-01 $133,750 (12.9%) $146,772 (6.3%) 0.00 90
2021-07-01 $139,000 (16.4%) $156,031 (12.5%) 0.00 88
2021-08-01 $143,750 (16.4%) $162,004 (14.3%) 0.00 85
2021-09-01 $133,725 (12.4%) $151,578 (7.0%) 0.00 107
2021-10-01 $139,450 (12.7%) $151,624 (3.4%) 0.00 112
2021-11-01 $128,700 (3.0%) $147,417 (-0.2%) 0.00 112
2021-12-01 $126,250 (6.0%) $149,405 (5.1%) 0.00 104
2022-01-01 $147,400 (34.1%) $163,118 (19.2%) 0.00 94
2022-02-01 $143,050 (30.1%) $168,773 (26.3%) 0.00 92
2022-03-01 $144,950 (38.1%) $185,148 (40.7%) 0.00 97
2022-04-01 $144,950 (28.3%) $168,894 (24.3%) 0.00 103
2022-05-01 $139,900 (16.8%) $160,823 (16.4%) 0.00 102
2022-06-01 $130,950 (-2.1%) $154,954 (5.6%) 0.00 97
2022-07-01 $135,000 (-2.9%) $163,336 (4.7%) 0.00 102
2022-08-01 $120,425 (-16.2%) $157,544 (-2.8%) 0.00 134
2022-09-01 $111,175 (-16.9%) $162,346 (7.1%) 0.00 142
2022-10-01 $109,950 (-21.2%) $169,078 (11.5%) 0.00 138
2022-11-01 $97,425 (-24.3%) $168,427 (14.3%) 0.00 146
2022-12-01 $99,450 (-21.2%) $161,661 (8.2%) 0.00 160
2023-01-01 $110,000 (-25.4%) $161,866 (-0.8%) 0.00 128
2023-02-01 $104,250 (-27.1%) $157,110 (-6.9%) 0.00 121
2023-03-01 $129,450 (-10.7%) $164,406 (-11.2%) 0.00 121
2023-04-01 $141,950 (-2.1%) $176,966 (4.8%) 0.00 115
2023-05-01 $149,925 (7.2%) $185,311 (15.2%) 0.00 118
2023-06-01 $151,225 (15.5%) $186,881 (20.6%) 0.00 115
2023-07-01 $156,000 (15.6%) $199,332 (22.0%) 0.00 113
2023-08-01 $152,450 (26.6%) $193,513 (22.8%) 0.00 123
2023-09-01 $151,750 (36.5%) $189,708 (16.9%) 0.00 122
2023-10-01 $160,000 (45.5%) $200,584 (18.6%) 0.00 121
2023-11-01 $158,250 (62.4%) $195,809 (16.3%) 0.00 121
2023-12-01 $143,900 (44.7%) $191,504 (18.5%) 0.00 111
2024-01-01 $143,175 (30.2%) $191,746 (18.5%) 0.00 109
2024-02-01 $122,450 (17.5%) $179,762 (14.4%) 0.00 136
2024-03-01 $130,000 (0.4%) $191,042 (16.2%) 0.00 135
2024-04-01 $134,125 (-5.5%) $191,180 (8.0%) 0.00 130
2024-05-01 $151,750 (1.2%) $192,371 (3.8%) 0.00 132
2024-06-01 $158,500 (4.8%) $196,448 (5.1%) 0.00 134
2024-07-01 $144,700 (-7.2%) $191,466 (-4.0%) 0.00 124
2024-08-01 $164,950 (8.2%) $201,572 (4.2%) 0.00 112
2024-09-01 $159,725 (5.3%) $185,821 (-2.1%) 0.00 109
2024-10-01 $161,350 (0.8%) $188,384 (-6.1%) 0.00 117
2024-11-01 $152,250 (-3.8%) $175,025 (-10.6%) 0.00 126
2024-12-01 $152,500 (6.0%) $168,105 (-12.2%) 0.00 126
2025-01-01 $162,450 (13.5%) $175,033 (-8.7%) 0.00 121
Sikeston's median listing price for 2025-01-01 was $162,450, a difference of $19,275 (13.5%) versus the prior year and $9,950 versus the prior month.

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

Sikeston's average listing price for 2025-01-01 was $175,033, a difference of $-16,713 (-8.7%) versus the prior year and $6,928 versus the prior month.

For the 2025-01-01 period, Sikeston had 121 MLS listings, a difference of -5 listings (-4%) versus the prior month and 12 listings (11%) 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 1,506 sqft
2018-02-01 0 days 1,543 sqft
2018-03-01 0 days 1,547 sqft
2018-04-01 0 days 1,582 sqft
2018-05-01 0 days 1,542 sqft
2018-06-01 0 days 1,474 sqft
2018-07-01 0 days 1,462 sqft
2018-08-01 0 days 1,570 sqft
2018-09-01 0 days 1,568 sqft
2018-10-01 0 days 1,570 sqft
2018-11-01 0 days 1,569 sqft
2018-12-01 0 days 1,559 sqft
2019-01-01 0 days 1,572 sqft
2019-02-01 0 days 1,680 sqft
2019-03-01 0 days 1,703 sqft
2019-04-01 0 days 1,697 sqft
2019-05-01 0 days 1,713 sqft
2019-06-01 0 days 1,773 sqft
2019-07-01 0 days 1,657 sqft
2019-08-01 0 days 1,655 sqft
2019-09-01 0 days 1,658 sqft
2019-10-01 0 days 1,667 sqft
2019-11-01 0 days 1,658 sqft
2019-12-01 0 days 1,642 sqft
2020-01-01 0 days 1,635 sqft
2020-02-01 0 days 1,701 sqft
2020-03-01 0 days 1,707 sqft
2020-04-01 0 days 1,690 sqft
2020-05-01 0 days 1,632 sqft
2020-06-01 0 days 1,622 sqft
2020-07-01 0 days 1,640 sqft
2020-08-01 0 days 1,660 sqft
2020-09-01 0 days 1,645 sqft
2020-10-01 0 days 1,592 sqft
2020-11-01 0 days 1,590 sqft
2020-12-01 0 days 1,516 sqft
2021-01-01 0 days 1,507 sqft
2021-02-01 0 days 1,501 sqft
2021-03-01 0 days 1,585 sqft
2021-04-01 0 days 1,555 sqft
2021-05-01 0 days 1,534 sqft
2021-06-01 0 days 1,529 sqft
2021-07-01 0 days 1,562 sqft
2021-08-01 0 days 1,556 sqft
2021-09-01 0 days 1,554 sqft
2021-10-01 0 days 1,569 sqft
2021-11-01 0 days 1,574 sqft
2021-12-01 0 days 1,534 sqft
2022-01-01 0 days 1,662 sqft
2022-02-01 0 days 1,652 sqft
2022-03-01 0 days 1,633 sqft
2022-04-01 0 days 1,535 sqft
2022-05-01 0 days 1,502 sqft
2022-06-01 0 days 1,445 sqft
2022-07-01 0 days 1,502 sqft
2022-08-01 0 days 1,429 sqft
2022-09-01 0 days 1,404 sqft
2022-10-01 0 days 1,432 sqft
2022-11-01 0 days 1,397 sqft
2022-12-01 0 days 1,362 sqft
2023-01-01 0 days 1,322 sqft
2023-02-01 0 days 1,272 sqft
2023-03-01 0 days 1,296 sqft
2023-04-01 0 days 1,423 sqft
2023-05-01 0 days 1,522 sqft
2023-06-01 0 days 1,484 sqft
2023-07-01 0 days 1,572 sqft
2023-08-01 0 days 1,510 sqft
2023-09-01 0 days 1,497 sqft
2023-10-01 0 days 1,617 sqft
2023-11-01 0 days 1,523 sqft
2023-12-01 0 days 1,484 sqft
2024-01-01 0 days 1,429 sqft
2024-02-01 0 days 1,315 sqft
2024-03-01 0 days 1,342 sqft
2024-04-01 0 days 1,396 sqft
2024-05-01 0 days 1,409 sqft
2024-06-01 0 days 1,475 sqft
2024-07-01 0 days 1,468 sqft
2024-08-01 0 days 1,518 sqft
2024-09-01 0 days 1,450 sqft
2024-10-01 0 days 1,471 sqft
2024-11-01 0 days 1,497 sqft
2024-12-01 0 days 1,455 sqft
2025-01-01 0 days 1,554 sqft
Sikeston's median listing age (time on market) for 2025-01-01 was 0 days.

Sikeston's median square footage for active listings during the 2025-01-01 period was 1,554 sqft. One year prior, the average listing was 1,429 sqft.

Sikeston, MO Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 381 $55,855,000 $146,601
Refi 60 $7,610,000 $126,833
Cash Out Refi 53 $7,475,000 $141,038
Home Improvement 43 $2,645,000 $61,512
Other 37 $2,125,000 $57,432

Sikeston's most frequently cited loan purpose was Home Purchase, with 381 originations. The 2nd most popular reason was Refi, with 60 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 162 $25,800,000 $159,259
7-8% 151 $20,415,000 $135,199
Over 8% 52 $4,290,000 $82,500
5-6% 51 $7,545,000 $147,941
<2.5% 3 $15,000 $5,000
4-5% 3 $435,000 $145,000
2.5-3% 3 $185,000 $61,667
3-4% 2 $180,000 $90,000

During 2023, Sikeston's most frequently originated rate bucket was 6-7%, with 162 originations.

Loan Sizing (Sikeston, MO MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 245 $35,395,000 $144,469
$100,000 or less 233 $14,155,000 $60,751
$200k-400k 91 $23,345,000 $256,538
$400k-600k 3 $1,415,000 $471,667
$600k-1000k 2 $1,400,000 $700,000

Sikeston's loan sizing saw the bucket of loans from $100k-200k with 245 originations, totaling $35,395,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 260 $38,850,000 $149,423
60-80% 66 $10,340,000 $156,667
20-40% 33 $2,505,000 $75,909
40-60% 31 $4,525,000 $145,968
Under 20% 29 $1,185,000 $40,862
Over 100% 8 $1,460,000 $182,500

Sikeston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 260 originations, totaling $38,850,000 in origination value.