Missouri USDA Loan Rates, Closing Costs & Stats

Missouri

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Missouri USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Missouri averaged 7.02% for the week of 2024-05-17, compared to the national average (all USDA variants) of 6.75% for the same period.

Missouri's average USDA mortgage closing costs are $4,243.

The average rate for the prior week (2024-05-10) was 6.76% and one month ago for the week of 2024-04-12, the average rate was 6.59%.

The average rate one year ago was 6.67%.

For refis of the same type during the week of 2024-05-17, the average rate was 6.66%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Missouri USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Missouri level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
FLAT BRANCH MORTGAGE, INC. 422 6.88% $4,994
DAS Acquisition Company, LLC 292 6.93% $5,811
GUILD MORTGAGE COMPANY 269 6.67% $5,944
Flanagan State Bank 125 6.66% $6,592
GERSHMAN INVESTMENT CORP. 82 6.85% $4,817
PRIMELENDING, A PLAINSCAPITAL COMPANY 53 6.72% $5,882
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 45 6.86% $5,537
The Central Trust Bank 42 6.61% $4,811
Flagstar Bank, FSB 42 6.87% $5,384
UNITED WHOLESALE MORTGAGE, LLC 40 6.42% $7,209
BROKER SOLUTIONS, INC. 39 6.71% $6,328
First State Community Bank 38 6.31% $4,444
Midwest Mortgage Associates Corporation 31 6.76% $2,568
THOMPSON KANE & COMPANY, LLC 29 6.73% $4,619
COMMUNITY MORTGAGE, LLC 24 6.77% $4,511
Gateway First Bank 22 6.45% $3,550
CARDINAL FINANCIAL 20 6.58% $6,180
Paramount Residential Mortgage Group, Inc. 20 6.49% $6,871
Mortgage Research Center, LLC 19 6.65% $3,360
Southern Bank 16 6.79% $4,003
UNION HOME MORTGAGE CORP. 16 6.85% $6,987
Arvest Bank 16 6.80% $4,683
Springfield First Community Bank 15 6.82% $5,705
PLAZA HOME MORTGAGE, INC. 14 6.63% $5,283
LEADERONE FINANCIAL CORPORATION 13 6.56% $6,671
U.S. Bank 13 6.88% $4,532
MOVEMENT MORTGAGE, LLC 12 6.45% $4,777
GENEVA FINANCIAL, LLC 12 6.40% $7,149
Hawthorn Bank 11 6.18% $4,446
NEWREZ LLC 11 6.83% $4,878
Community Mortgage Banc Corporation 10 6.76% $3,488
Bank of Washington 10 6.35% $5,394
PLANET HOME LENDING, LLC 10 6.62% $4,528
FirstTrust Home Loans, Inc. 9 6.34% $4,807
Great Southern Bank 9 6.18% $4,429
MID AMERICA MORTGAGE, INC. 8 6.73% $3,787
FIRST INTEGRITY MORTGAGE SERVICES, INC. 8 6.89% $4,389
GUARANTEED RATE, INC. 8 6.53% $4,904
Prosperity Home Mortgage, LLC 8 6.56% $4,669
Neighborhood Loans, Inc. 7 6.95% $6,506
HOMESTAR FINANCIAL CORPORATION 7 7.30% $3,967
Magnolia Bank 7 6.50% $3,385
First State Bank of St. Charles, Missouri 6 6.63% $5,535
AMERICAN PACIFIC MORTGAGE CORPORATION 6 6.65% $8,087
Community National Bank & Trust 6 6.92% $6,019
SUN WEST MORTGAGE COMPANY, INC. 6 6.56% $7,582
Sullivan Bank 5 6.35% $4,506
Bank of England 5 6.23% $6,057
Equity Prime Mortgage LLC 5 6.78% $6,939
TOWNE MORTGAGE COMPANY 5 6.98% $6,823
Simmons Bank 5 6.38% $4,572
ENDEAVOR CAPITAL, LLC. 4 6.28% $7,207
Members Mortgage Services, L.L.C. 4 6.69% $4,341
Regions Bank 4 6.13% $5,317
Oakstar Bank 4 6.78% $3,997
EVERETT FINANCIAL, INC. 4 7.25% $4,926
First Community Bank 3 6.21% $6,916
S1L, Inc. 3 7.13% $6,262
SUCCESS MORTGAGE PARTNERS, INC. 3 6.38% $4,629
United Bank of Union 3 6.67% $3,735
Ameris Bank 3 6.21% $4,395
HALLMARK HOME MORTGAGE, LLC 3 6.92% $5,033
ASSEMBLIES OF GOD Credit Union 3 6.21% $4,221
Mortgage Investment Services Corporation 3 7.08% $1,965
NP, Inc. 3 7.04% $4,998
Southwest Missouri Bank 3 6.54% $3,675
COMMUNITYAMERICA 3 6.13% $4,227
NBH Bank 3 6.54% $6,334
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 7.08% $4,329
SUMMIT FUNDING, INC. 3 6.58% $6,058
CHURCHILL MORTGAGE CORPORATION 3 6.75% $5,924
Carrollton Bank 3 6.92% $6,158
UMB Bank 3 5.92% $5,162
Plains Commerce Bank 2 7.13% $5,098
AMERICAN FINANCIAL RESOURCES, INC. 2 6.00% $5,895
BANK OF LITTLE ROCK MORTGAGE CORPORATION 2 6.18% $4,767
Barrington Bank & Trust Company, N.A. 2 6.68% $7,708
BAYSHORE MORTGAGE FUNDING, LLC 2 6.88% $5,654
Carrington Mortgage Services, LLC 2 7.13% $6,425
Citizens Bank 2 5.94% $4,859
CROSSCOUNTRY MORTGAGE, LLC 2 6.44% $6,549
FAMILY FINANCE MORTGAGE, LLC 2 6.88% $7,671
First Horizon Bank 2 6.38% $6,212
HOMESIDE FINANCIAL, LLC 2 7.00% $6,261
LOANDEPOT.COM, LLC 2 6.44% $7,172
MORTGAGE FINANCIAL SERVICES, LLC 2 6.81% $6,008
Nations Lending Corporation 2 7.63% $2,862
PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.69% $4,871
Servion, Inc. 2 6.44% $4,682
United Fidelity Funding Corp. 2 7.06% $9,057
AMCAP MORTGAGE, LTD. 1 6.88% $7,817
Mid-Continent Funding, Inc. 1 6.50% $7,154
MICHIGAN MUTUAL, INC. 1 6.50% $5,112
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.63% $5,130
MEGASTAR FINANCIAL CORP. 1 6.63% $6,246
Leaders Credit Union 1 7.75% $1,953
HNB National Bank 1 6.88% $1,820
GUARANTY HOME MORTGAGE CORPORATION 1 7.13% $3,990
GUARANTEED RATE AFFINITY, LLC 1 6.25% $5,021
American Mortgage & Equity Consultants, Inc. 1 6.75% $7,008
GSF Mortgage Corporation 1 6.50% $4,057
FREEDOM MORTGAGE CORPORATION 1 7.00% $8,912
First Mid Bank & Trust 1 6.75% $4,469
First Interstate Bank 1 6.38% $3,402
Stifel Bank and Trust 1 6.63% $3,942
First Federal Bank 1 5.50% $13,105
First Bank 1 7.63% $5,603
Financial Funding Solutions, Inc. 1 7.25% $2,145
Eagle Bank and Trust Company 1 6.50% $4,065
DELMAR FINANCIAL COMPANY 1 6.25% $7,305
Commerce Bank 1 6.13% $3,735
TIB The Independent Bankersbank 1 6.38% $5,145
CITY FIRST MORTGAGE SERVICES, L.L.C. 1 7.63% $6,731
Bell Bank 1 7.75% $5,494
Bank of Springfield 1 6.00% $6,405
BancorpSouth 1 5.75% $6,060
United Community Bank 1 6.50% $2,472
VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.63% $6,055
OPEN MORTGAGE, LLC 1 7.13% $6,650
Paramount Bank 1 6.75% $4,654
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.63% $7,007

The top Missouri USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 422 USDA loans originated. Their average total fees are $4,994, which is $817 lower than the next largest lender, DAS Acquisition Company, LLC.

The lowest fee Missouri USDA lenders (with over 10 loans originated) are Midwest Mortgage Associates Corporation ($2,568), Mortgage Research Center, LLC ($3,360), Community Mortgage Banc Corporation ($3,488), Gateway First Bank ($3,550) and Southern Bank ($4,003).

The lowest rate Missouri USDA lenders (with over 10 loans originated) are Hawthorn Bank (6.18%), First State Community Bank (6.31%), Bank of Washington (6.35%), GENEVA FINANCIAL, LLC (6.40%) and UNITED WHOLESALE MORTGAGE, LLC (6.42%).