West Plains Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in West Plains averaged
6.92%
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
7.15% and
one month ago for the week of 2025-05-15, the
average rate was 6.92%.
West Plains's average rate one year ago was 7.26%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.01%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| West Plains 30 Year Fixed Rate | 2025-06-18 | 6.92% |
| West Plains 30 Year Fixed Rate Refi | 2025-06-18 | 7.01% |
| West Plains 15 Year Fixed Rate | 2025-06-18 | 6.16% |
| West Plains 15 Year Fixed Rate Refi | 2025-06-18 | 5.96% |
| West Plains 30 Year FHA | 2025-06-18 | 0.1% |
| West Plains 30 Year FHA Refi | 2025-06-18 | 0.2% |
| West Plains 30 Year USDA | 2025-06-18 | 0.1% |
| West Plains 30 Year USDA Refi | 2025-06-18 | 0% |
| West Plains 30 Year VA | 2025-06-18 | -0.2% |
| West Plains 30 Year VA Refi | 2025-06-18 | 0% |
West Plains 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 West Plains, 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.).
West Plains Average Closing Costs & Other Stats
West Plains, MO's 43 lenders originated 466
loans during 2024. The total origination value was $83,670,000, with an average loan value of
$179,549.
West Plains's average closing costs are $3,939.
The top West Plains lender as defined by loan originations is DAS Acquisition Company, LLC, with
22 loans originated. Their average total fees are
$3,756, which is $1,614
higher than the next largest lender,
Southern Bank.
The lowest fee West Plains lenders (with over 10 loans originated) are
Southern Bank ($2,142), DAS Acquisition Company, LLC ($3,756), .
The lowest rate West Plains lenders (with over 10 loans originated) are
DAS Acquisition Company, LLC (6.74%), Southern Bank (7.19%), .
West Plains, 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 |
|---|---|---|---|---|
| MID AMERICA MORTGAGE, INC. | $9,700,000 | $14,005,000 | 44.4% | 16.7% |
| Southern Bank | $7,820,000 | $9,835,000 | 25.8% | 11.8% |
| DAS Acquisition Company, LLC | $12,135,000 | $9,445,000 | -22.2% | 11.3% |
| FREEDOM MORTGAGE CORPORATION | $870,000 | $4,140,000 | 375.9% | 4.9% |
| Mortgage Research Center, LLC | $3,570,000 | $4,080,000 | 14.3% | 4.9% |
| Simmons Bank | $1,985,000 | $3,730,000 | 87.9% | 4.5% |
| QUICKEN LOANS, LLC | $4,165,000 | $3,025,000 | -27.4% | 3.6% |
| Wood & Huston Bank | $845,000 | $2,115,000 | 150.3% | 2.5% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,585,000 | $1,640,000 | -36.6% | 2.0% |
| UNITED WHOLESALE MORTGAGE, LLC | $880,000 | $1,450,000 | 64.8% | 1.7% |
| GERSHMAN INVESTMENT CORP. | $1,560,000 | $1,335,000 | -14.4% | 1.6% |
| VILLAGE CAPITAL MORTGAGE | $265,000 | $1,295,000 | 388.7% | 1.5% |
| FCS Financial FLCA | $1,190,000 | n/a | 1.4% | |
| FNBC Bank | $1,190,000 | $1,145,000 | -3.8% | 1.4% |
| PENNYMAC LOAN SERVICES, LLC | $865,000 | $1,060,000 | 22.5% | 1.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $125,000 | $955,000 | 664.0% | 1.1% |
| Old Missouri Bank | $2,390,000 | $870,000 | -63.6% | 1.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $825,000 | n/a | 1.0% | |
| FLAT BRANCH MORTGAGE, INC. | $805,000 | $800,000 | -0.6% | 1.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $315,000 | $775,000 | 146.0% | 0.9% |
| Flagstar Bank, FSB | $860,000 | $765,000 | -11.0% | 0.9% |
| Arvest Bank | $1,120,000 | $725,000 | -35.3% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $145,000 | $720,000 | 396.6% | 0.9% |
| U.S. Bank | $645,000 | $645,000 | 0.0% | 0.8% |
| ZILLOW HOME LOANS, LLC | $225,000 | $630,000 | 180.0% | 0.8% |
| Equity Prime Mortgage LLC | $625,000 | n/a | 0.7% | |
| CROSSCOUNTRY MORTGAGE, LLC | $610,000 | n/a | 0.7% | |
| NAVY FEDERAL CREDIT UNION | $1,345,000 | $600,000 | -55.4% | 0.7% |
| Great Southern Bank | $1,275,000 | $590,000 | -53.7% | 0.7% |
| LAKEVIEW LOAN SERVICING, LLC | $570,000 | n/a | 0.7% | |
| FBC MORTGAGE, LLC | $555,000 | n/a | 0.7% | |
| FIRST INTEGRITY MORTGAGE SERVICES, INC. | $495,000 | $555,000 | 12.1% | 0.7% |
| Texana Bank | $545,000 | n/a | 0.7% | |
| Servion, Inc. | $435,000 | $540,000 | 24.1% | 0.6% |
| CARDINAL FINANCIAL | $185,000 | $525,000 | 183.8% | 0.6% |
| LOANDEPOT.COM, LLC | $280,000 | $475,000 | 69.6% | 0.6% |
| Carrington Mortgage Services, LLC | $430,000 | n/a | 0.5% | |
| GUARANTEED RATE, INC. | $250,000 | $385,000 | 54.0% | 0.5% |
| JPMorgan Chase Bank | $525,000 | $370,000 | -29.5% | 0.4% |
| BROKER SOLUTIONS, INC. | $275,000 | $365,000 | 32.7% | 0.4% |
| Oakstar Bank | $235,000 | $360,000 | 53.2% | 0.4% |
| PHH Mortgage Corporation | $350,000 | n/a | 0.4% | |
| USAA Federal Savings Bank | $75,000 | $335,000 | 346.7% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $310,000 | n/a | 0.4% | |
| Baxter Credit Union | $140,000 | $305,000 | 117.9% | 0.4% |
| SUN WEST MORTGAGE COMPANY, INC. | $305,000 | n/a | 0.4% | |
| TOWNE MORTGAGE COMPANY | $305,000 | n/a | 0.4% | |
| First Horizon Bank | $295,000 | n/a | 0.4% | |
| AMERISAVE MORTGAGE CORPORATION | $1,240,000 | $285,000 | -77.0% | 0.3% |
| LOANPAL, LLC | $205,000 | $275,000 | 34.1% | 0.3% |
| First State Bank of St. Charles, Missouri | $265,000 | n/a | 0.3% | |
| NBKC BANK | $265,000 | n/a | 0.3% | |
| AmeriHome Mortgage Company, LLC | $255,000 | n/a | 0.3% | |
| Carrollton Bank | $255,000 | n/a | 0.3% | |
| CITIZENS EQUITY FIRST | $255,000 | n/a | 0.3% | |
| Discover Bank | $245,000 | $250,000 | 2.0% | 0.3% |
| PLANET HOME LENDING, LLC | $245,000 | n/a | 0.3% | |
| Mid-Continent Funding, Inc. | $235,000 | n/a | 0.3% | |
| VERIDIAN CREDIT UNION | $215,000 | n/a | 0.3% | |
| GENEVA FINANCIAL, LLC | $205,000 | n/a | 0.2% | |
| QUORUM FEDERAL CREDIT UNION | $205,000 | n/a | 0.2% | |
| The Bank of Missouri | $205,000 | n/a | 0.2% | |
| AMERICAN FINANCIAL NETWORK, INC. | $195,000 | n/a | 0.2% | |
| Labette Bank | $185,000 | $185,000 | 0.0% | 0.2% |
| LONGBRIDGE FINANCIAL, LLC | $180,000 | n/a | 0.2% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $165,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $75,000 | $155,000 | 106.7% | 0.2% |
| Plains Commerce Bank | $720,000 | $145,000 | -79.9% | 0.2% |
| ASSEMBLIES OF GOD Credit Union | $285,000 | $135,000 | -52.6% | 0.2% |
| The Maries County Bank | $135,000 | n/a | 0.2% | |
| GUILD MORTGAGE COMPANY | $1,450,000 | $130,000 | -91.0% | 0.2% |
| Peoples Community Bank | $165,000 | $125,000 | -24.2% | 0.1% |
| 21ST MORTGAGE CORPORATION | $195,000 | $120,000 | -38.5% | 0.1% |
| Ameris Bank | $285,000 | $115,000 | -59.6% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $115,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $580,000 | $115,000 | -80.2% | 0.1% |
| EVERETT FINANCIAL, INC. | $105,000 | n/a | 0.1% | |
| First State Community Bank | $95,000 | n/a | 0.1% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $155,000 | $85,000 | -45.2% | 0.1% |
| Figure Lending LLC | $55,000 | $80,000 | 45.5% | 0.1% |
| Bank of America | $335,000 | $75,000 | -77.6% | 0.1% |
| NEWREZ LLC | $165,000 | $75,000 | -54.5% | 0.1% |
| TOGETHER CREDIT UNION | $75,000 | n/a | 0.1% | |
| COMMUNITYAMERICA | $55,000 | n/a | 0.1% | |
| PNC Bank | $465,000 | $55,000 | -88.2% | 0.1% |
| ALLIANCE CREDIT UNION | $35,000 | n/a | 0.0% |
West Plains's top lender by overall market share is MID AMERICA MORTGAGE, INC., with 16.7% market share. In second place, with 11.8%, is Southern Bank, having originated $9,835,000 in loans. In third place, with 11.3%, is DAS Acquisition Company, LLC, having originated $9,445,000 in loans. In fourth place, with 4.9%, is FREEDOM MORTGAGE CORPORATION, having originated $4,140,000 in loans. In fifth place, with 4.9%, is Mortgage Research Center, LLC, having originated $4,080,000 in loans.
West Plains, MO Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 282 | $57,210,000 | $202,872 |
| Cash Out Refi | 67 | $11,715,000 | $174,851 |
| Refi | 53 | $9,425,000 | $177,830 |
| Home Improvement | 32 | $2,780,000 | $86,875 |
| Other | 32 | $2,540,000 | $79,375 |
West Plains's most frequently cited loan purpose was Home Purchase, with 282 originations. The 2nd most popular reason was Cash Out Refi, with 67 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 193 | $38,405,000 | $198,990 |
| Over 8% | 91 | $8,655,000 | $95,110 |
| 7-8% | 84 | $17,120,000 | $203,810 |
| 5-6% | 63 | $13,965,000 | $221,667 |
| <2.5% | 3 | $15,000 | $5,000 |
| 4-5% | 3 | $775,000 | $258,333 |
| 3-4% | 1 | $125,000 | $125,000 |
During 2024, West Plains's most frequently originated rate bucket was 6-7%, with 193 originations.
Loan Sizing (West Plains, MO MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 184 | $28,190,000 | $153,207 |
| $200k-400k | 133 | $35,105,000 | $263,947 |
| $100,000 or less | 121 | $6,735,000 | $55,661 |
| $400k-600k | 27 | $12,965,000 | $480,185 |
| $600k-1000k | 1 | $675,000 | $675,000 |
West Plains's loan sizing saw the bucket of loans from $100k-200k with 184 originations, totaling $28,190,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 194 | $41,700,000 | $214,948 |
| 60-80% | 92 | $19,000,000 | $206,522 |
| 40-60% | 50 | $8,250,000 | $165,000 |
| 20-40% | 48 | $4,290,000 | $89,375 |
| Under 20% | 36 | $1,640,000 | $45,556 |
| Over 100% | 10 | $2,200,000 | $220,000 |
West Plains's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 194 originations, totaling $41,700,000 in origination value.