Coffeyville USDA Loan Rates, Closing Costs & Stats
Coffeyville, KS
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.
Coffeyville's 11 lenders originated 43 USDA loans during 2023. The total origination value was $4,055,000, with an average USDA loan value of $94,302.
Coffeyville USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Coffeyville
averaged
6.68%
for the week of 2024-11-08, compared to the national average (all USDA variants) of
6.477% for the same period.
Coffeyville's average USDA mortgage closing costs are $3,804.
The average rate for the prior week (2024-11-01) was
6.45% and
one month ago for the week of 2024-10-04, the
average rate was 5.98%.
The average rate one year ago was 7.52%.
For refis of the same type during the week of 2024-11-08, the average rate
was 6.58%.
Coffeyville 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 Coffeyville level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| FLAT BRANCH MORTGAGE, INC. | 26 | 6.86% | $4,785 |
| Sierra Pacific Mortgage Company, Inc. | 4 | 6.56% | $4,707 |
| Mortgage Investment Services Corporation | 3 | 6.92% | $1,298 |
| Community National Bank & Trust | 2 | 6.94% | $4,701 |
| United Fidelity Funding Corp. | 2 | 7.44% | $7,383 |
| Servion, Inc. | 1 | 6.75% | $3,320 |
| Members Mortgage Services, L.L.C. | 1 | 6.13% | $3,531 |
| Chickasaw Community Bank | 1 | 8.13% | $3,259 |
| CHURCHILL MORTGAGE CORPORATION | 1 | 6.63% | $2,605 |
| ASSEMBLIES OF GOD Credit Union | 1 | 6.75% | $3,320 |
| Mortgage Research Center, LLC | 1 | 6.75% | $2,164 |
The top Coffeyville USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
26 USDA loans originated. Their average total fees are
$4,785, which is $78
higher than the next largest lender,
Sierra Pacific Mortgage Company, Inc..
The lowest fee Coffeyville USDA lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. ($4,785), .
The lowest rate Coffeyville USDA lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. (6.86%), .