Garden City USDA Loan Rates, Closing Costs & Stats
Garden City, 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.
Garden City's 5 lenders originated 13 USDA loans during 2023. The total origination value was $2,525,000, with an average USDA loan value of $194,231.
Garden City USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Garden City
averaged
6.87%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Garden City's average USDA mortgage closing costs are $4,113.
The average rate for the prior week (2024-04-12) was
6.62% and
one month ago for the week of 2024-03-15, the
average rate was 6.41%.
The average rate one year ago was 6.05%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.66%.
Garden City 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 Garden City level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| GOLDEN PLAINS | 7 | 6.50% | $3,993 |
| Landmark National Bank | 3 | 6.63% | $4,725 |
| FLAT BRANCH MORTGAGE, INC. | 1 | 7.13% | $6,100 |
| UMB Bank | 1 | 6.13% | $5,229 |
| UNITED WHOLESALE MORTGAGE, LLC | 1 | 6.75% | $5,196 |
The top Garden City USDA lender as defined by loan originations is GOLDEN PLAINS, with
7 USDA loans originated. Their average total fees are
$3,993, which is $733
lower than the next largest lender,
Landmark National Bank.
The lowest fee Garden City USDA lenders (with over 10 loans originated) are
.
The lowest rate Garden City USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Garden City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $209,250 (-2.0%) | $240,152 (2.0%) | 0.00 | 76 |
| 2018-02-01 | $213,375 (-0.5%) | $248,772 (1.3%) | 0.00 | 73 |
| 2018-03-01 | $215,000 (-3.1%) | $253,522 (1.3%) | 0.00 | 70 |
| 2018-04-01 | $211,725 (-1.5%) | $248,634 (-0.9%) | 0.00 | 69 |
| 2018-05-01 | $214,000 (-1.7%) | $250,368 (-4.6%) | 0.00 | 75 |
| 2018-06-01 | $215,000 (-1.7%) | $246,513 (-5.5%) | 0.00 | 78 |
| 2018-07-01 | $218,450 (-0.7%) | $255,416 (-5.5%) | 0.00 | 79 |
| 2018-08-01 | $218,475 (-4.8%) | $253,337 (-4.3%) | 0.00 | 69 |
| 2018-09-01 | $219,450 (-2.5%) | $263,349 (3.0%) | 0.00 | 65 |
| 2018-10-01 | $219,950 (0.4%) | $257,532 (2.0%) | 0.00 | 75 |
| 2018-11-01 | $229,800 (6.3%) | $265,960 (6.4%) | 0.00 | 72 |
| 2018-12-01 | $229,500 (5.5%) | $253,656 (1.4%) | 0.00 | 75 |
| 2019-01-01 | $194,125 (-7.2%) | $236,984 (-1.3%) | 0.00 | 77 |
| 2019-02-01 | $213,100 (-0.1%) | $244,479 (-1.7%) | 0.00 | 71 |
| 2019-03-01 | $219,679 (2.2%) | $250,984 (-1.0%) | 0.00 | 68 |
| 2019-04-01 | $213,125 (0.7%) | $240,682 (-3.2%) | 0.00 | 71 |
| 2019-05-01 | $201,000 (-6.1%) | $225,602 (-9.9%) | 0.00 | 91 |
| 2019-06-01 | $192,250 (-10.6%) | $233,828 (-5.2%) | 0.00 | 86 |
| 2019-07-01 | $209,125 (-4.3%) | $268,149 (5.0%) | 0.00 | 93 |
| 2019-08-01 | $220,155 (0.8%) | $269,180 (6.3%) | 0.00 | 93 |
| 2019-09-01 | $236,886 (8.0%) | $269,813 (2.5%) | 0.00 | 98 |
| 2019-10-01 | $248,041 (12.8%) | $270,235 (4.9%) | 0.00 | 100 |
| 2019-11-01 | $242,500 (5.5%) | $250,818 (-5.7%) | 0.00 | 96 |
| 2019-12-01 | $234,925 (2.4%) | $241,352 (-4.9%) | 0.00 | 89 |
| 2020-01-01 | $232,475 (19.8%) | $239,329 (1.0%) | 0.00 | 84 |
| 2020-02-01 | $209,000 (-1.9%) | $233,394 (-4.5%) | 0.00 | 67 |
| 2020-03-01 | $212,950 (-3.1%) | $232,302 (-7.4%) | 0.00 | 70 |
| 2020-04-01 | $196,075 (-8.0%) | $227,224 (-5.6%) | 0.00 | 74 |
| 2020-05-01 | $218,000 (8.5%) | $240,513 (6.6%) | 0.00 | 69 |
| 2020-06-01 | $225,500 (17.3%) | $249,719 (6.8%) | 0.00 | 58 |
| 2020-07-01 | $238,225 (13.9%) | $248,994 (-7.1%) | 0.00 | 47 |
| 2020-08-01 | $247,450 (12.4%) | $267,679 (-0.6%) | 0.00 | 39 |
| 2020-09-01 | $232,250 (-2.0%) | $251,934 (-6.6%) | 0.00 | 41 |
| 2020-10-01 | $239,900 (-3.3%) | $259,793 (-3.9%) | 0.00 | 39 |
| 2020-11-01 | $242,000 (-0.2%) | $273,019 (8.9%) | 0.00 | 45 |
| 2020-12-01 | $218,675 (-6.9%) | $245,740 (1.8%) | 0.00 | 52 |
| 2021-01-01 | $224,700 (-3.3%) | $255,166 (6.6%) | 0.00 | 47 |
| 2021-02-01 | $240,425 (15.0%) | $262,541 (12.5%) | 0.00 | 46 |
| 2021-03-01 | $244,450 (14.8%) | $267,029 (15.0%) | 0.00 | 35 |
| 2021-04-01 | $235,950 (20.3%) | $267,664 (17.8%) | 0.00 | 26 |
| 2021-05-01 | $245,000 (12.4%) | $263,663 (9.6%) | 0.00 | 24 |
| 2021-06-01 | $244,000 (8.2%) | $246,596 (-1.3%) | 0.00 | 19 |
| 2021-07-01 | $258,900 (8.7%) | $277,664 (11.5%) | 0.00 | 30 |
| 2021-08-01 | $223,725 (-9.6%) | $272,135 (1.7%) | 0.00 | 34 |
| 2021-09-01 | $222,500 (-4.2%) | $280,726 (11.4%) | 0.00 | 31 |
| 2021-10-01 | $220,000 (-8.3%) | $274,161 (5.5%) | 0.00 | 29 |
| 2021-11-01 | $219,750 (-9.2%) | $277,199 (1.5%) | 0.00 | 30 |
| 2021-12-01 | $216,475 (-1.0%) | $272,234 (10.8%) | 0.00 | 26 |
| 2022-01-01 | $185,000 (-17.7%) | $261,230 (2.4%) | 0.00 | 29 |
| 2022-02-01 | $247,250 (2.8%) | $274,507 (4.6%) | 0.00 | 30 |
| 2022-03-01 | $251,225 (2.8%) | $276,924 (3.7%) | 0.00 | 28 |
| 2022-04-01 | $263,000 (11.5%) | $278,247 (4.0%) | 0.00 | 29 |
| 2022-05-01 | $258,975 (5.7%) | $296,361 (12.4%) | 0.00 | 33 |
| 2022-06-01 | $282,000 (15.6%) | $309,275 (25.4%) | 0.00 | 45 |
| 2022-07-01 | $304,288 (17.5%) | $358,159 (29.0%) | 0.00 | 45 |
| 2022-08-01 | $319,594 (42.9%) | $356,187 (30.9%) | 0.00 | 51 |
| 2022-09-01 | $329,900 (48.3%) | $353,009 (25.8%) | 0.00 | 50 |
| 2022-10-01 | $297,450 (35.2%) | $325,312 (18.7%) | 0.00 | 55 |
| 2022-11-01 | $294,100 (33.8%) | $305,671 (10.3%) | 0.00 | 52 |
| 2022-12-01 | $269,900 (24.7%) | $284,727 (4.6%) | 0.00 | 46 |
| 2023-01-01 | $268,000 (44.9%) | $276,599 (5.9%) | 0.00 | 45 |
| 2023-02-01 | $266,000 (7.6%) | $272,014 (-0.9%) | 0.00 | 51 |
| 2023-03-01 | $269,000 (7.1%) | $278,060 (0.4%) | 0.00 | 55 |
| 2023-04-01 | $256,150 (-2.6%) | $274,506 (-1.3%) | 0.00 | 59 |
| 2023-05-01 | $259,575 (0.2%) | $278,469 (-6.0%) | 0.00 | 64 |
| 2023-06-01 | $255,250 (-9.5%) | $273,307 (-11.6%) | 0.00 | 76 |
| 2023-07-01 | $259,000 (-14.9%) | $270,176 (-24.6%) | 0.00 | 67 |
| 2023-08-01 | $262,500 (-17.9%) | $272,126 (-23.6%) | 0.00 | 70 |
| 2023-09-01 | $280,000 (-15.1%) | $279,868 (-20.7%) | 0.00 | 69 |
| 2023-10-01 | $280,000 (-5.9%) | $281,467 (-13.5%) | 0.00 | 81 |
| 2023-11-01 | $279,925 (-4.8%) | $280,217 (-8.3%) | 0.00 | 89 |
| 2023-12-01 | $279,900 (3.7%) | $278,474 (-2.2%) | 0.00 | 89 |
| 2024-01-01 | $283,675 (5.9%) | $279,606 (1.1%) | 0.00 | 91 |
| 2024-02-01 | $274,475 (3.2%) | $276,431 (1.6%) | 0.00 | 86 |
| 2024-03-01 | $279,900 (4.1%) | $282,479 (1.6%) | 0.00 | 87 |
Garden City's median listing price comes in at 0% of the national average.
Garden City's average listing price for 2024-03-01 was $282,479, a difference of $4,419 (1.6%) versus the prior year and $6,048 versus the prior month.
For the 2024-03-01 period, Garden City had 87 MLS listings, a difference of 1 listings (1%) versus the prior month and 32 listings (58%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Garden City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,463 sqft |
| 2018-02-01 | 0 days | 1,418 sqft |
| 2018-03-01 | 0 days | 1,430 sqft |
| 2018-04-01 | 0 days | 1,415 sqft |
| 2018-05-01 | 0 days | 1,437 sqft |
| 2018-06-01 | 0 days | 1,466 sqft |
| 2018-07-01 | 0 days | 1,510 sqft |
| 2018-08-01 | 0 days | 1,505 sqft |
| 2018-09-01 | 0 days | 1,524 sqft |
| 2018-10-01 | 0 days | 1,535 sqft |
| 2018-11-01 | 0 days | 1,621 sqft |
| 2018-12-01 | 0 days | 1,664 sqft |
| 2019-01-01 | 0 days | 1,422 sqft |
| 2019-02-01 | 0 days | 1,433 sqft |
| 2019-03-01 | 0 days | 1,541 sqft |
| 2019-04-01 | 0 days | 1,530 sqft |
| 2019-05-01 | 0 days | 1,368 sqft |
| 2019-06-01 | 0 days | 1,423 sqft |
| 2019-07-01 | 0 days | 1,500 sqft |
| 2019-08-01 | 0 days | 1,482 sqft |
| 2019-09-01 | 0 days | 1,428 sqft |
| 2019-10-01 | 0 days | 1,392 sqft |
| 2019-11-01 | 0 days | 1,425 sqft |
| 2019-12-01 | 0 days | 1,388 sqft |
| 2020-01-01 | 0 days | 1,381 sqft |
| 2020-02-01 | 0 days | 1,393 sqft |
| 2020-03-01 | 0 days | 1,379 sqft |
| 2020-04-01 | 0 days | 1,361 sqft |
| 2020-05-01 | 0 days | 1,383 sqft |
| 2020-06-01 | 0 days | 1,407 sqft |
| 2020-07-01 | 0 days | 1,462 sqft |
| 2020-08-01 | 0 days | 1,586 sqft |
| 2020-09-01 | 0 days | 1,519 sqft |
| 2020-10-01 | 0 days | 1,454 sqft |
| 2020-11-01 | 0 days | 1,489 sqft |
| 2020-12-01 | 0 days | 1,356 sqft |
| 2021-01-01 | 0 days | 1,353 sqft |
| 2021-02-01 | 0 days | 1,428 sqft |
| 2021-03-01 | 0 days | 1,474 sqft |
| 2021-04-01 | 0 days | 1,476 sqft |
| 2021-05-01 | 0 days | 1,384 sqft |
| 2021-06-01 | 0 days | 1,346 sqft |
| 2021-07-01 | 0 days | 1,353 sqft |
| 2021-08-01 | 0 days | 1,326 sqft |
| 2021-09-01 | 0 days | 1,349 sqft |
| 2021-10-01 | 0 days | 1,426 sqft |
| 2021-11-01 | 0 days | 1,360 sqft |
| 2021-12-01 | 0 days | 1,349 sqft |
| 2022-01-01 | 0 days | 1,318 sqft |
| 2022-02-01 | 0 days | 1,484 sqft |
| 2022-03-01 | 0 days | 1,389 sqft |
| 2022-04-01 | 0 days | 1,388 sqft |
| 2022-05-01 | 0 days | 1,349 sqft |
| 2022-06-01 | 0 days | 1,385 sqft |
| 2022-07-01 | 0 days | 1,386 sqft |
| 2022-08-01 | 0 days | 1,520 sqft |
| 2022-09-01 | 0 days | 1,511 sqft |
| 2022-10-01 | 0 days | 1,488 sqft |
| 2022-11-01 | 0 days | 1,411 sqft |
| 2022-12-01 | 0 days | 1,368 sqft |
| 2023-01-01 | 0 days | 1,375 sqft |
| 2023-02-01 | 0 days | 1,352 sqft |
| 2023-03-01 | 0 days | 1,367 sqft |
| 2023-04-01 | 0 days | 1,376 sqft |
| 2023-05-01 | 0 days | 1,409 sqft |
| 2023-06-01 | 0 days | 1,310 sqft |
| 2023-07-01 | 0 days | 1,375 sqft |
| 2023-08-01 | 0 days | 1,348 sqft |
| 2023-09-01 | 0 days | 1,348 sqft |
| 2023-10-01 | 0 days | 1,307 sqft |
| 2023-11-01 | 0 days | 1,342 sqft |
| 2023-12-01 | 0 days | 1,342 sqft |
| 2024-01-01 | 0 days | 1,346 sqft |
| 2024-02-01 | 0 days | 1,350 sqft |
| 2024-03-01 | 0 days | 1,332 sqft |
Garden City's median square footage for active listings during the 2024-03-01 period was 1,332 sqft. One year prior, the average listing was 1,367 sqft.