Sikeston 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 Sikeston averaged 6.96% for the week of 2024-11-07, compared to the national average of 6.79% for the same period.

    The average rate for the prior week (2024-10-31) was 6.89% and one month ago for the week of 2024-10-03, the average rate was 6.09%.

    Sikeston's average rate one year ago was 7.53%.

    For refis of the same type during the week of 2024-11-07, the average rate was 6.69%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-07 6.79%
    Sikeston 30 Year Fixed Rate 2024-11-07 6.96%
    Sikeston 30 Year Fixed Rate Refi 2024-11-07 6.69%
    Sikeston 15 Year Fixed Rate 2024-11-07 6%
    Sikeston 15 Year Fixed Rate Refi 2024-11-07 6.6%
    Sikeston 30 Year FHA 2024-11-07 6.75%
    Sikeston 30 Year FHA Refi 2024-11-07 6.53%
    Sikeston 30 Year USDA 2024-11-07 6.48%
    Sikeston 30 Year USDA Refi 2024-11-07 6.48%
    Sikeston 30 Year VA 2024-11-07 6.24%
    Sikeston 30 Year VA Refi 2024-11-07 6.54%
    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, 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.