Great Bend FHA Loan Rates, Closing Costs & Stats
Great Bend, KS
FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.
FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.
While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.
For additional requirements as defined by the FHA, click here.
Great Bend's 19 lenders originated 41 FHA loans during 2024. The total origination value was $5,515,000, with an average FHA loan value of $134,512.
Great Bend FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Great Bend
averaged
6.74%
for the week of 2025-06-13, compared to the national average (all FHA variants) of
6.577% for the same period.
Great Bend's average FHA mortgage closing costs are $5,063.
The average rate for the prior week (2025-06-06) was
6.75% and
one month ago for the week of 2025-05-09, the
average rate was 6.64%.
The average rate one year ago was 6.66%.
For refis of the same type during the week of 2025-06-13, the average rate
was 6.78%.
Great Bend FHA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Great Bend level.
Name | # of Loans | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
---|---|---|---|
Landmark National Bank | 5 | 6.70% | $4,829 |
Members Mortgage Services, L.L.C. | 4 | 6.41% | $5,297 |
FLAT BRANCH MORTGAGE, INC. | 3 | 7.00% | $7,655 |
QUICKEN LOANS, LLC | 3 | 6.12% | $6,909 |
Mortgage Investment Services Corporation | 3 | 6.71% | $5,164 |
FREEDOM MORTGAGE CORPORATION | 2 | 6.75% | $11,605 |
LOANDEPOT.COM, LLC | 2 | 6.75% | $7,087 |
PENNYMAC LOAN SERVICES, LLC | 2 | 6.75% | $5,096 |
Sierra Pacific Mortgage Company, Inc. | 2 | 6.39% | $7,373 |
CREDIT UNION OF AMERICA | 1 | 5.75% | $6,659 |
VILLAGE CAPITAL MORTGAGE | 1 | 6.63% | $1,892 |
Equity Prime Mortgage LLC | 1 | 7.75% | $7,149 |
GUILD MORTGAGE COMPANY | 1 | 6.13% | $4,965 |
JPMorgan Chase Bank | 1 | 6.75% | $7,404 |
Mr. Cooper ( Nationstar Mortgage ) | 1 | 5.88% | $9,160 |
PLANET HOME LENDING, LLC | 1 | 6.63% | $5,114 |
Sunflower Bank | 1 | 5.99% | $6,378 |
UMB Bank | 1 | 6.49% | $5,758 |
UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.75% | $6,084 |
The top Great Bend FHA lender as defined by loan originations is Landmark National Bank, with
5 FHA loans originated. Their average total fees are
$4,829, which is $468
lower than the next largest lender,
Members Mortgage Services, L.L.C..
The lowest fee Great Bend FHA lenders (with over 10 loans originated) are
.
The lowest rate Great Bend FHA lenders (with over 10 loans originated) are
.
Great Bend FHA Loan Limits
Metro | County | Year | Single Family Limit | 2 Family Limit | 3 Family Limit | 4 Family Limit |
---|---|---|---|---|---|---|
GREAT BEND, KS | BARTON | 2022 | $420,680 | $538,650 | $651,050 | $809,150 |
GREAT BEND, KS | BARTON | 2023 | $472,030 | $604,400 | $730,525 | $907,900 |