Great Bend USDA Loan Rates, Closing Costs & Stats
Great Bend, 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.
Great Bend's 10 lenders originated 20 USDA loans during 2023. The total origination value was $2,180,000, with an average USDA loan value of $109,000.
Great Bend USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Great Bend
averaged
7.03%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Great Bend's average USDA mortgage closing costs are $3,353.
The average rate for the prior week (2024-04-12) was
6.98% and
one month ago for the week of 2024-03-15, the
average rate was 6.67%.
The average rate one year ago was 6.6%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.86%.
Great Bend 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 Great Bend level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Sierra Pacific Mortgage Company, Inc. | 5 | 6.33% | $5,090 |
| Landmark National Bank | 5 | 6.55% | $3,402 |
| Mortgage Investment Services Corporation | 2 | 7.38% | $2,542 |
| FLAT BRANCH MORTGAGE, INC. | 1 | 7.13% | $6,499 |
| Gateway First Bank | 1 | 6.75% | $3,810 |
| GOLDEN PLAINS | 1 | 6.63% | $2,839 |
| BNC National Bank | 1 | 6.50% | $4,040 |
| VILLAGE CAPITAL MORTGAGE | 1 | 5.75% | $5,595 |
| COMMUNITY MORTGAGE, LLC | 1 | 6.25% | $3,598 |
| Farmers Bank & Trust | 1 | 7.13% | $3,725 |
The top Great Bend USDA lender as defined by loan originations is Sierra Pacific Mortgage Company, Inc., with
5 USDA loans originated. Their average total fees are
$5,090, which is $1,688
higher than the next largest lender,
Landmark National Bank.
The lowest fee Great Bend USDA lenders (with over 10 loans originated) are
.
The lowest rate Great Bend USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Great Bend (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 | $119,900 (7.8%) | $142,466 (11.6%) | 0.00 | 132 |
| 2018-02-01 | $123,500 (10.1%) | $144,119 (12.4%) | 0.00 | 130 |
| 2018-03-01 | $124,000 (10.7%) | $143,595 (11.6%) | 0.00 | 121 |
| 2018-04-01 | $119,675 (1.4%) | $140,005 (4.3%) | 0.00 | 123 |
| 2018-05-01 | $111,450 (-4.1%) | $137,578 (5.7%) | 0.00 | 127 |
| 2018-06-01 | $109,900 (-1.9%) | $140,134 (11.4%) | 0.00 | 141 |
| 2018-07-01 | $108,175 (-4.9%) | $137,574 (8.8%) | 0.00 | 162 |
| 2018-08-01 | $105,900 (-8.5%) | $135,762 (2.3%) | 0.00 | 169 |
| 2018-09-01 | $104,950 (-11.0%) | $135,520 (-0.1%) | 0.00 | 161 |
| 2018-10-01 | $104,200 (-6.3%) | $134,718 (0.6%) | 0.00 | 164 |
| 2018-11-01 | $106,450 (-7.9%) | $134,721 (0.2%) | 0.00 | 162 |
| 2018-12-01 | $109,900 (-4.4%) | $132,712 (-2.4%) | 0.00 | 155 |
| 2019-01-01 | $109,900 (-8.3%) | $135,564 (-4.8%) | 0.00 | 156 |
| 2019-02-01 | $110,950 (-10.2%) | $133,934 (-7.1%) | 0.00 | 154 |
| 2019-03-01 | $113,786 (-8.2%) | $131,926 (-8.1%) | 0.00 | 151 |
| 2019-04-01 | $110,386 (-7.8%) | $129,061 (-7.8%) | 0.00 | 153 |
| 2019-05-01 | $114,450 (2.7%) | $128,700 (-6.5%) | 0.00 | 152 |
| 2019-06-01 | $119,500 (8.7%) | $130,435 (-6.9%) | 0.00 | 152 |
| 2019-07-01 | $115,000 (6.3%) | $128,852 (-6.3%) | 0.00 | 158 |
| 2019-08-01 | $116,336 (9.9%) | $135,315 (-0.3%) | 0.00 | 151 |
| 2019-09-01 | $116,991 (11.5%) | $138,157 (2.0%) | 0.00 | 145 |
| 2019-10-01 | $116,627 (11.9%) | $140,051 (4.0%) | 0.00 | 143 |
| 2019-11-01 | $114,500 (7.6%) | $137,177 (1.8%) | 0.00 | 147 |
| 2019-12-01 | $112,400 (2.3%) | $133,932 (0.9%) | 0.00 | 144 |
| 2020-01-01 | $112,625 (2.5%) | $133,674 (-1.4%) | 0.00 | 138 |
| 2020-02-01 | $114,750 (3.4%) | $135,036 (0.8%) | 0.00 | 132 |
| 2020-03-01 | $109,600 (-3.7%) | $129,618 (-1.8%) | 0.00 | 123 |
| 2020-04-01 | $112,000 (1.5%) | $138,939 (7.7%) | 0.00 | 123 |
| 2020-05-01 | $112,000 (-2.1%) | $144,107 (12.0%) | 0.00 | 119 |
| 2020-06-01 | $109,975 (-8.0%) | $144,541 (10.8%) | 0.00 | 110 |
| 2020-07-01 | $119,950 (4.3%) | $155,444 (20.6%) | 0.00 | 104 |
| 2020-08-01 | $114,900 (-1.2%) | $152,867 (13.0%) | 0.00 | 101 |
| 2020-09-01 | $110,000 (-6.0%) | $146,687 (6.2%) | 0.00 | 84 |
| 2020-10-01 | $109,950 (-5.7%) | $141,782 (1.2%) | 0.00 | 86 |
| 2020-11-01 | $108,975 (-4.8%) | $141,923 (3.5%) | 0.00 | 86 |
| 2020-12-01 | $105,000 (-6.6%) | $137,276 (2.5%) | 0.00 | 77 |
| 2021-01-01 | $110,500 (-1.9%) | $131,531 (-1.6%) | 0.00 | 72 |
| 2021-02-01 | $89,700 (-21.8%) | $135,122 (0.1%) | 0.00 | 67 |
| 2021-03-01 | $99,950 (-8.8%) | $136,593 (5.4%) | 0.00 | 70 |
| 2021-04-01 | $104,200 (-7.0%) | $138,406 (-0.4%) | 0.00 | 53 |
| 2021-05-01 | $118,700 (6.0%) | $159,461 (10.7%) | 0.00 | 45 |
| 2021-06-01 | $96,600 (-12.2%) | $148,062 (2.4%) | 0.00 | 48 |
| 2021-07-01 | $102,400 (-14.6%) | $157,465 (1.3%) | 0.00 | 42 |
| 2021-08-01 | $114,675 (-0.2%) | $168,514 (10.2%) | 0.00 | 46 |
| 2021-09-01 | $112,450 (2.2%) | $180,123 (22.8%) | 0.00 | 41 |
| 2021-10-01 | $110,000 (0.1%) | $175,618 (23.9%) | 0.00 | 47 |
| 2021-11-01 | $110,000 (0.9%) | $162,167 (14.3%) | 0.00 | 44 |
| 2021-12-01 | $105,950 (0.9%) | $166,345 (21.2%) | 0.00 | 47 |
| 2022-01-01 | $110,450 (-0.1%) | $167,394 (27.3%) | 0.00 | 47 |
| 2022-02-01 | $108,925 (21.4%) | $165,347 (22.4%) | 0.00 | 31 |
| 2022-03-01 | $118,475 (18.5%) | $162,292 (18.8%) | 0.00 | 27 |
| 2022-04-01 | $111,000 (6.5%) | $157,680 (13.9%) | 0.00 | 30 |
| 2022-05-01 | $134,900 (13.7%) | $177,287 (11.2%) | 0.00 | 34 |
| 2022-06-01 | $136,925 (41.7%) | $168,373 (13.7%) | 0.00 | 36 |
| 2022-07-01 | $129,500 (26.5%) | $157,456 (0.0%) | 0.00 | 41 |
| 2022-08-01 | $136,650 (19.2%) | $177,124 (5.1%) | 0.00 | 41 |
| 2022-09-01 | $133,450 (18.7%) | $167,204 (-7.2%) | 0.00 | 47 |
| 2022-10-01 | $125,000 (13.6%) | $167,517 (-4.6%) | 0.00 | 49 |
| 2022-11-01 | $119,900 (9.0%) | $178,391 (10.0%) | 0.00 | 49 |
| 2022-12-01 | $119,900 (13.2%) | $176,025 (5.8%) | 0.00 | 53 |
| 2023-01-01 | $124,950 (13.1%) | $172,254 (2.9%) | 0.00 | 50 |
| 2023-02-01 | $123,200 (13.1%) | $158,495 (-4.1%) | 0.00 | 54 |
| 2023-03-01 | $120,950 (2.1%) | $149,950 (-7.6%) | 0.00 | 56 |
| 2023-04-01 | $122,000 (9.9%) | $159,325 (1.0%) | 0.00 | 55 |
| 2023-05-01 | $135,925 (0.8%) | $184,897 (4.3%) | 0.00 | 50 |
| 2023-06-01 | $149,925 (9.5%) | $190,491 (13.1%) | 0.00 | 51 |
| 2023-07-01 | $133,900 (3.4%) | $186,434 (18.4%) | 0.00 | 58 |
| 2023-08-01 | $135,950 (-0.5%) | $177,669 (0.3%) | 0.00 | 63 |
| 2023-09-01 | $129,000 (-3.3%) | $176,667 (5.7%) | 0.00 | 63 |
| 2023-10-01 | $127,500 (2.0%) | $174,381 (4.1%) | 0.00 | 53 |
| 2023-11-01 | $119,950 (0.0%) | $165,662 (-7.1%) | 0.00 | 52 |
| 2023-12-01 | $119,500 (-0.3%) | $163,262 (-7.3%) | 0.00 | 48 |
| 2024-01-01 | $121,725 (-2.6%) | $181,985 (5.7%) | 0.00 | 43 |
| 2024-02-01 | $119,375 (-3.1%) | $172,821 (9.0%) | 0.00 | 41 |
| 2024-03-01 | $123,450 (2.1%) | $170,923 (14.0%) | 0.00 | 41 |
Great Bend's median listing price comes in at 0% of the national average.
Great Bend's average listing price for 2024-03-01 was $170,923, a difference of $20,973 (14.0%) versus the prior year and $-1,898 versus the prior month.
For the 2024-03-01 period, Great Bend had 41 MLS listings, a difference of 0 listings (0%) versus the prior month and -15 listings (-27%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Great Bend (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,430 sqft |
| 2018-02-01 | 0 days | 1,435 sqft |
| 2018-03-01 | 0 days | 1,431 sqft |
| 2018-04-01 | 0 days | 1,438 sqft |
| 2018-05-01 | 0 days | 1,427 sqft |
| 2018-06-01 | 0 days | 1,430 sqft |
| 2018-07-01 | 0 days | 1,406 sqft |
| 2018-08-01 | 0 days | 1,402 sqft |
| 2018-09-01 | 0 days | 1,413 sqft |
| 2018-10-01 | 0 days | 1,398 sqft |
| 2018-11-01 | 0 days | 1,403 sqft |
| 2018-12-01 | 0 days | 1,390 sqft |
| 2019-01-01 | 0 days | 1,416 sqft |
| 2019-02-01 | 0 days | 1,391 sqft |
| 2019-03-01 | 0 days | 1,382 sqft |
| 2019-04-01 | 0 days | 1,335 sqft |
| 2019-05-01 | 0 days | 1,363 sqft |
| 2019-06-01 | 0 days | 1,380 sqft |
| 2019-07-01 | 0 days | 1,401 sqft |
| 2019-08-01 | 0 days | 1,396 sqft |
| 2019-09-01 | 0 days | 1,387 sqft |
| 2019-10-01 | 0 days | 1,385 sqft |
| 2019-11-01 | 0 days | 1,340 sqft |
| 2019-12-01 | 0 days | 1,353 sqft |
| 2020-01-01 | 0 days | 1,362 sqft |
| 2020-02-01 | 0 days | 1,339 sqft |
| 2020-03-01 | 0 days | 1,247 sqft |
| 2020-04-01 | 0 days | 1,242 sqft |
| 2020-05-01 | 0 days | 1,316 sqft |
| 2020-06-01 | 0 days | 1,339 sqft |
| 2020-07-01 | 0 days | 1,430 sqft |
| 2020-08-01 | 0 days | 1,430 sqft |
| 2020-09-01 | 0 days | 1,392 sqft |
| 2020-10-01 | 0 days | 1,352 sqft |
| 2020-11-01 | 0 days | 1,338 sqft |
| 2020-12-01 | 0 days | 1,330 sqft |
| 2021-01-01 | 0 days | 1,305 sqft |
| 2021-02-01 | 0 days | 1,305 sqft |
| 2021-03-01 | 0 days | 1,372 sqft |
| 2021-04-01 | 0 days | 1,391 sqft |
| 2021-05-01 | 0 days | 1,489 sqft |
| 2021-06-01 | 0 days | 1,298 sqft |
| 2021-07-01 | 0 days | 1,380 sqft |
| 2021-08-01 | 0 days | 1,431 sqft |
| 2021-09-01 | 0 days | 1,363 sqft |
| 2021-10-01 | 0 days | 1,356 sqft |
| 2021-11-01 | 0 days | 1,292 sqft |
| 2021-12-01 | 0 days | 1,344 sqft |
| 2022-01-01 | 0 days | 1,345 sqft |
| 2022-02-01 | 0 days | 1,371 sqft |
| 2022-03-01 | 0 days | 1,402 sqft |
| 2022-04-01 | 0 days | 1,230 sqft |
| 2022-05-01 | 0 days | 1,439 sqft |
| 2022-06-01 | 0 days | 1,501 sqft |
| 2022-07-01 | 0 days | 1,380 sqft |
| 2022-08-01 | 0 days | 1,425 sqft |
| 2022-09-01 | 0 days | 1,413 sqft |
| 2022-10-01 | 0 days | 1,408 sqft |
| 2022-11-01 | 0 days | 1,391 sqft |
| 2022-12-01 | 0 days | 1,387 sqft |
| 2023-01-01 | 0 days | 1,380 sqft |
| 2023-02-01 | 0 days | 1,366 sqft |
| 2023-03-01 | 0 days | 1,305 sqft |
| 2023-04-01 | 0 days | 1,410 sqft |
| 2023-05-01 | 0 days | 1,485 sqft |
| 2023-06-01 | 0 days | 1,603 sqft |
| 2023-07-01 | 0 days | 1,632 sqft |
| 2023-08-01 | 0 days | 1,544 sqft |
| 2023-09-01 | 0 days | 1,388 sqft |
| 2023-10-01 | 0 days | 1,288 sqft |
| 2023-11-01 | 0 days | 1,338 sqft |
| 2023-12-01 | 0 days | 1,351 sqft |
| 2024-01-01 | 0 days | 1,432 sqft |
| 2024-02-01 | 0 days | 1,510 sqft |
| 2024-03-01 | 0 days | 1,542 sqft |
Great Bend's median square footage for active listings during the 2024-03-01 period was 1,542 sqft. One year prior, the average listing was 1,305 sqft.