Sikeston Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Sikeston averaged
7.16%
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
6.99% and
one month ago for the week of 2025-05-15, the
average rate was 6.96%.
Sikeston's average rate one year ago was 7%.
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% |
| Sikeston 30 Year Fixed Rate | 2025-06-18 | 7.16% |
| Sikeston 30 Year Fixed Rate Refi | 2025-06-18 | 6.91% |
| Sikeston 15 Year Fixed Rate | 2025-06-18 | 5.96% |
| Sikeston 15 Year Fixed Rate Refi | 2025-06-18 | 6.46% |
| Sikeston 30 Year FHA | 2025-06-18 | 0.35% |
| Sikeston 30 Year FHA Refi | 2025-06-18 | 0.1% |
| Sikeston 30 Year USDA | 2025-06-18 | 0.2% |
| Sikeston 30 Year USDA Refi | 2025-06-18 | 0.1% |
| Sikeston 30 Year VA | 2025-06-18 | 0% |
| Sikeston 30 Year VA Refi | 2025-06-18 | 0.2% |
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.).
Sikeston Average Closing Costs & Other Stats
Sikeston, MO's 37 lenders originated 658
loans during 2024. The total origination value was $96,930,000, with an average loan value of
$147,310.
Sikeston's average closing costs are $4,001.
The top Sikeston lender as defined by loan originations is The Bank of Missouri, with
22 loans originated. Their average total fees are
$2,702, which is $93
lower than the next largest lender,
First State Community Bank.
The lowest fee Sikeston lenders (with over 10 loans originated) are
The Bank of Missouri ($2,702), First State Community Bank ($2,795), FLAT BRANCH MORTGAGE, INC. ($3,064), DAS Acquisition Company, LLC ($3,576) and QUICKEN LOANS, LLC ($5,032).
The lowest rate Sikeston lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.67%), First State Community Bank (6.77%), DAS Acquisition Company, LLC (6.78%), FLAT BRANCH MORTGAGE, INC. (6.89%) and The Bank of Missouri (7.12%).
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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| FLAT BRANCH MORTGAGE, INC. | $4,070,000 | $8,945,000 | 119.8% | 9.2% |
| Montgomery Bank | $4,165,000 | $8,575,000 | 105.9% | 8.8% |
| DAS Acquisition Company, LLC | $9,180,000 | $7,065,000 | -23.0% | 7.3% |
| First State Community Bank | $5,525,000 | $6,440,000 | 16.6% | 6.6% |
| The Bank of Missouri | $4,305,000 | $6,050,000 | 40.5% | 6.2% |
| Southern Bank | $5,145,000 | $4,745,000 | -7.8% | 4.9% |
| Mortgage Research Center, LLC | $4,080,000 | $4,325,000 | 6.0% | 4.5% |
| Alliance Bank | $5,610,000 | $4,320,000 | -23.0% | 4.5% |
| QUICKEN LOANS, LLC | $2,855,000 | $3,455,000 | 21.0% | 3.6% |
| Flanagan State Bank | $3,980,000 | $3,420,000 | -14.1% | 3.5% |
| Gateway First Bank | $1,940,000 | $2,790,000 | 43.8% | 2.9% |
| First Midwest Bank of Dexter | $2,465,000 | $2,350,000 | -4.7% | 2.4% |
| Truist | $1,260,000 | $2,075,000 | 64.7% | 2.1% |
| Focus Bank | $1,650,000 | $2,070,000 | 25.5% | 2.1% |
| U.S. Bank | $1,675,000 | $2,000,000 | 19.4% | 2.1% |
| PENNYMAC LOAN SERVICES, LLC | $415,000 | $1,960,000 | 372.3% | 2.0% |
| Flagstar Bank, FSB | $210,000 | $1,680,000 | 700.0% | 1.7% |
| FIRST COMMUNITY MORTGAGE, INC. | $405,000 | $1,455,000 | 259.3% | 1.5% |
| CITIZENS EQUITY FIRST | $1,375,000 | n/a | 1.4% | |
| Regions Bank | $950,000 | $1,270,000 | 33.7% | 1.3% |
| LOANDEPOT.COM, LLC | $310,000 | $975,000 | 214.5% | 1.0% |
| GUILD MORTGAGE COMPANY | $395,000 | $815,000 | 106.3% | 0.8% |
| UNITED WHOLESALE MORTGAGE, LLC | $200,000 | $740,000 | 270.0% | 0.8% |
| Wood & Huston Bank | $160,000 | $670,000 | 318.8% | 0.7% |
| Magnolia Bank | $355,000 | $650,000 | 83.1% | 0.7% |
| NBKC BANK | $640,000 | n/a | 0.7% | |
| VILLAGE CAPITAL MORTGAGE | $625,000 | n/a | 0.6% | |
| FREEDOM MORTGAGE CORPORATION | $75,000 | $570,000 | 660.0% | 0.6% |
| Bank of America | $90,000 | $560,000 | 522.2% | 0.6% |
| DELMAR FINANCIAL COMPANY | $260,000 | $560,000 | 115.4% | 0.6% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $550,000 | n/a | 0.6% | |
| GENEVA FINANCIAL, LLC | $155,000 | $545,000 | 251.6% | 0.6% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $535,000 | n/a | 0.6% | |
| MRV Banks | $95,000 | $510,000 | 436.8% | 0.5% |
| Financial Funding Solutions, Inc. | $45,000 | $495,000 | 1,000.0% | 0.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $480,000 | n/a | 0.5% | |
| MISSOURI Credit Union | $465,000 | n/a | 0.5% | |
| 21ST MORTGAGE CORPORATION | $395,000 | $450,000 | 13.9% | 0.5% |
| AmeriHome Mortgage Company, LLC | $395,000 | n/a | 0.4% | |
| PLANET HOME LENDING, LLC | $760,000 | $395,000 | -48.0% | 0.4% |
| NP, Inc. | $95,000 | $340,000 | 257.9% | 0.4% |
| FOUR POINTS | $335,000 | n/a | 0.3% | |
| TOP FLITE FINANCIAL, INC. | $455,000 | $330,000 | -27.5% | 0.3% |
| ENDEAVOR CAPITAL, LLC. | $145,000 | $290,000 | 100.0% | 0.3% |
| GERSHMAN INVESTMENT CORP. | $705,000 | $290,000 | -58.9% | 0.3% |
| ZILLOW HOME LOANS, LLC | $290,000 | $245,000 | -15.5% | 0.3% |
| NEWREZ LLC | $290,000 | $230,000 | -20.7% | 0.2% |
| SOUTHWEST STAGE FUNDING, LLC | $230,000 | $230,000 | 0.0% | 0.2% |
| Midwest Mortgage Associates Corporation | $135,000 | $210,000 | 55.6% | 0.2% |
| COMPEER FINANCIAL, FLCA | $195,000 | n/a | 0.2% | |
| PENTAGON FEDERAL CREDIT UNION | $440,000 | $195,000 | -55.7% | 0.2% |
| Arbor Bank | $185,000 | n/a | 0.2% | |
| TruHome Solutions, LLC | $185,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $230,000 | $180,000 | -21.7% | 0.2% |
| Farm Credit Mid-America, ACA | $175,000 | n/a | 0.2% | |
| Banterra Bank | $110,000 | $155,000 | 40.9% | 0.2% |
| BancorpSouth | $145,000 | n/a | 0.1% | |
| Commerce Bank | $525,000 | $145,000 | -72.4% | 0.1% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $135,000 | $145,000 | 7.4% | 0.1% |
| LENDINGONE, LLC | $145,000 | n/a | 0.1% | |
| Nations Lending Corporation | $145,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $135,000 | n/a | 0.1% | |
| BROKER SOLUTIONS, INC. | $125,000 | n/a | 0.1% | |
| LAKEVIEW LOAN SERVICING, LLC | $350,000 | $125,000 | -64.3% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $85,000 | $125,000 | 47.1% | 0.1% |
| RUOFF MORTGAGE COMPANY, INC. | $140,000 | $125,000 | -10.7% | 0.1% |
| First Community Bank | $115,000 | n/a | 0.1% | |
| GUARANTEED RATE, INC. | $115,000 | n/a | 0.1% | |
| SCOTT CREDIT UNION | $110,000 | n/a | 0.1% | |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $105,000 | n/a | 0.1% | |
| JPMorgan Chase Bank | $105,000 | n/a | 0.1% | |
| LENDINGHOME FUNDING CORPORATION | $105,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $100,000 | n/a | 0.1% | |
| ALLIANT CREDIT UNION | $95,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $65,000 | $95,000 | 46.2% | 0.1% |
| Arvest Bank | $755,000 | $85,000 | -88.7% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $145,000 | $85,000 | -41.4% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $25,000 | $75,000 | 200.0% | 0.1% |
| M&T Bank | $75,000 | n/a | 0.1% | |
| Century Credit Union | $70,000 | n/a | 0.1% | |
| Centier Bank | $45,000 | n/a | 0.0% |
Sikeston's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 9.2% market share. In second place, with 8.8%, is Montgomery Bank, having originated $8,575,000 in loans. In third place, with 7.3%, is DAS Acquisition Company, LLC, having originated $7,065,000 in loans. In fourth place, with 6.6%, is First State Community Bank, having originated $6,440,000 in loans. In fifth place, with 6.2%, is The Bank of Missouri, having originated $6,050,000 in loans.
Sikeston, MO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 397 | $65,145,000 | $164,093 |
| Refi | 79 | $11,485,000 | $145,380 |
| Cash Out Refi | 69 | $12,105,000 | $175,435 |
| Home Improvement | 65 | $4,595,000 | $70,692 |
| Other | 48 | $3,600,000 | $75,000 |
Sikeston's most frequently cited loan purpose was Home Purchase, with 397 originations. The 2nd most popular reason was Refi, with 79 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 249 | $41,525,000 | $166,767 |
| 7-8% | 147 | $21,895,000 | $148,946 |
| Over 8% | 77 | $6,455,000 | $83,831 |
| 5-6% | 40 | $6,880,000 | $172,000 |
| 4-5% | 4 | $750,000 | $187,500 |
| <2.5% | 1 | $5,000 | $5,000 |
During 2024, Sikeston's most frequently originated rate bucket was 6-7%, with 249 originations.
Loan Sizing (Sikeston, MO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 301 | $43,715,000 | $145,233 |
| $100,000 or less | 233 | $14,075,000 | $60,408 |
| $200k-400k | 110 | $29,430,000 | $267,545 |
| $400k-600k | 11 | $4,895,000 | $445,000 |
| $Over $1MM | 2 | $4,180,000 | $2,090,000 |
| $600k-1000k | 1 | $635,000 | $635,000 |
Sikeston's loan sizing saw the bucket of loans from $100k-200k with 301 originations, totaling $43,715,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 277 | $44,915,000 | $162,148 |
| 60-80% | 120 | $17,940,000 | $149,500 |
| 20-40% | 51 | $4,305,000 | $84,412 |
| 40-60% | 29 | $3,955,000 | $136,379 |
| Under 20% | 22 | $880,000 | $40,000 |
| Over 100% | 8 | $1,760,000 | $220,000 |
Sikeston's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 277 originations, totaling $44,915,000 in origination value.