Hutchinson USDA Loan Rates, Closing Costs & Stats
Hutchinson, 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.
Hutchinson's 3 lenders originated 5 USDA loans during 2023. The total origination value was $595,000, with an average USDA loan value of $119,000.
Hutchinson USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Hutchinson
averaged
6.99%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Hutchinson's average USDA mortgage closing costs are $3,816.
The average rate for the prior week (2024-04-12) was
6.84% and
one month ago for the week of 2024-03-15, the
average rate was 6.63%.
The average rate one year ago was 6.57%.
For refis of the same type during the week of 2024-04-19, the average rate
was 7.06%.
Hutchinson 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 Hutchinson level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| PRIMARY RESIDENTIAL MORTGAGE, INC. | 3 | 7.13% | $6,603 |
| FLAT BRANCH MORTGAGE, INC. | 1 | 7.13% | $7,033 |
| Plains Commerce Bank | 1 | 7.63% | $4,142 |
The top Hutchinson USDA lender as defined by loan originations is PRIMARY RESIDENTIAL MORTGAGE, INC., with
3 USDA loans originated. Their average total fees are
$6,603, which is $430
lower than the next largest lender,
FLAT BRANCH MORTGAGE, INC..
The lowest fee Hutchinson USDA lenders (with over 10 loans originated) are
.
The lowest rate Hutchinson USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Hutchinson (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 | $99,438 (4.7%) | $144,853 (3.1%) | 0.00 | 250 |
| 2018-02-01 | $99,925 (-5.2%) | $144,397 (-2.4%) | 0.00 | 236 |
| 2018-03-01 | $105,950 (-1.7%) | $146,945 (0.3%) | 0.00 | 239 |
| 2018-04-01 | $106,725 (-8.8%) | $147,406 (-3.3%) | 0.00 | 247 |
| 2018-05-01 | $110,550 (-4.9%) | $154,421 (0.5%) | 0.00 | 259 |
| 2018-06-01 | $115,000 (-0.4%) | $159,645 (2.1%) | 0.00 | 283 |
| 2018-07-01 | $119,050 (3.5%) | $170,224 (8.4%) | 0.00 | 281 |
| 2018-08-01 | $115,000 (4.6%) | $169,026 (13.5%) | 0.00 | 283 |
| 2018-09-01 | $115,900 (0.1%) | $174,397 (16.2%) | 0.00 | 275 |
| 2018-10-01 | $115,750 (-0.8%) | $172,155 (11.2%) | 0.00 | 286 |
| 2018-11-01 | $112,700 (0.2%) | $166,216 (9.4%) | 0.00 | 283 |
| 2018-12-01 | $108,250 (-1.5%) | $165,831 (10.9%) | 0.00 | 266 |
| 2019-01-01 | $104,300 (4.9%) | $160,020 (10.5%) | 0.00 | 249 |
| 2019-02-01 | $101,550 (1.6%) | $159,180 (10.2%) | 0.00 | 224 |
| 2019-03-01 | $109,714 (3.6%) | $172,236 (17.2%) | 0.00 | 216 |
| 2019-04-01 | $115,000 (7.8%) | $179,391 (21.7%) | 0.00 | 217 |
| 2019-05-01 | $125,000 (13.1%) | $184,140 (19.3%) | 0.00 | 218 |
| 2019-06-01 | $109,900 (-4.4%) | $176,680 (10.7%) | 0.00 | 214 |
| 2019-07-01 | $99,700 (-16.3%) | $167,023 (-1.9%) | 0.00 | 238 |
| 2019-08-01 | $102,745 (-10.7%) | $168,505 (-0.3%) | 0.00 | 240 |
| 2019-09-01 | $108,514 (-6.4%) | $172,901 (-0.9%) | 0.00 | 239 |
| 2019-10-01 | $113,750 (-1.7%) | $176,092 (2.3%) | 0.00 | 239 |
| 2019-11-01 | $112,000 (-0.6%) | $172,310 (3.7%) | 0.00 | 254 |
| 2019-12-01 | $99,950 (-7.7%) | $168,519 (1.6%) | 0.00 | 245 |
| 2020-01-01 | $99,900 (-4.2%) | $164,911 (3.1%) | 0.00 | 231 |
| 2020-02-01 | $99,900 (-1.6%) | $161,884 (1.7%) | 0.00 | 228 |
| 2020-03-01 | $105,750 (-3.6%) | $167,924 (-2.5%) | 0.00 | 203 |
| 2020-04-01 | $107,700 (-6.4%) | $169,338 (-5.6%) | 0.00 | 176 |
| 2020-05-01 | $114,900 (-8.1%) | $177,732 (-3.5%) | 0.00 | 151 |
| 2020-06-01 | $102,313 (-6.9%) | $192,159 (8.8%) | 0.00 | 129 |
| 2020-07-01 | $121,475 (21.8%) | $201,010 (20.4%) | 0.00 | 131 |
| 2020-08-01 | $119,900 (16.7%) | $204,966 (21.6%) | 0.00 | 106 |
| 2020-09-01 | $119,900 (10.5%) | $195,525 (13.1%) | 0.00 | 108 |
| 2020-10-01 | $104,500 (-8.1%) | $170,054 (-3.4%) | 0.00 | 107 |
| 2020-11-01 | $92,935 (-17.0%) | $159,007 (-7.7%) | 0.00 | 96 |
| 2020-12-01 | $109,950 (10.0%) | $175,135 (3.9%) | 0.00 | 89 |
| 2021-01-01 | $94,900 (-5.0%) | $168,918 (2.4%) | 0.00 | 65 |
| 2021-02-01 | $99,900 (0.0%) | $158,046 (-2.4%) | 0.00 | 46 |
| 2021-03-01 | $106,975 (1.2%) | $200,450 (19.4%) | 0.00 | 44 |
| 2021-04-01 | $114,325 (6.2%) | $193,806 (14.5%) | 0.00 | 54 |
| 2021-05-01 | $139,950 (21.8%) | $217,868 (22.6%) | 0.00 | 51 |
| 2021-06-01 | $135,800 (32.7%) | $220,486 (14.7%) | 0.00 | 61 |
| 2021-07-01 | $140,000 (15.3%) | $212,251 (5.6%) | 0.00 | 66 |
| 2021-08-01 | $136,175 (13.6%) | $206,624 (0.8%) | 0.00 | 67 |
| 2021-09-01 | $111,725 (-6.8%) | $177,322 (-9.3%) | 0.00 | 67 |
| 2021-10-01 | $109,900 (5.2%) | $163,228 (-4.0%) | 0.00 | 74 |
| 2021-11-01 | $88,900 (-4.3%) | $161,753 (1.7%) | 0.00 | 69 |
| 2021-12-01 | $90,425 (-17.8%) | $144,596 (-17.4%) | 0.00 | 54 |
| 2022-01-01 | $95,000 (0.1%) | $169,412 (0.3%) | 0.00 | 49 |
| 2022-02-01 | $94,450 (-5.5%) | $161,549 (2.2%) | 0.00 | 45 |
| 2022-03-01 | $104,950 (-1.9%) | $175,757 (-12.3%) | 0.00 | 44 |
| 2022-04-01 | $115,000 (0.6%) | $170,524 (-12.0%) | 0.00 | 53 |
| 2022-05-01 | $129,525 (-7.5%) | $172,090 (-21.0%) | 0.00 | 65 |
| 2022-06-01 | $131,500 (-3.2%) | $185,904 (-15.7%) | 0.00 | 57 |
| 2022-07-01 | $125,000 (-10.7%) | $197,864 (-6.8%) | 0.00 | 59 |
| 2022-08-01 | $122,500 (-10.0%) | $163,217 (-21.0%) | 0.00 | 67 |
| 2022-09-01 | $118,225 (5.8%) | $158,768 (-10.5%) | 0.00 | 79 |
| 2022-10-01 | $114,900 (4.6%) | $149,483 (-8.4%) | 0.00 | 79 |
| 2022-11-01 | $107,100 (20.5%) | $149,681 (-7.5%) | 0.00 | 75 |
| 2022-12-01 | $122,400 (35.4%) | $145,526 (0.6%) | 0.00 | 76 |
| 2023-01-01 | $136,225 (43.4%) | $162,149 (-4.3%) | 0.00 | 81 |
| 2023-02-01 | $146,500 (55.1%) | $167,594 (3.7%) | 0.00 | 75 |
| 2023-03-01 | $142,450 (35.7%) | $163,872 (-6.8%) | 0.00 | 69 |
| 2023-04-01 | $135,000 (17.4%) | $169,886 (-0.4%) | 0.00 | 66 |
| 2023-05-01 | $142,500 (10.0%) | $167,752 (-2.5%) | 0.00 | 73 |
| 2023-06-01 | $140,425 (6.8%) | $173,964 (-6.4%) | 0.00 | 93 |
| 2023-07-01 | $142,450 (14.0%) | $173,205 (-12.5%) | 0.00 | 102 |
| 2023-08-01 | $120,000 (-2.0%) | $165,635 (1.5%) | 0.00 | 94 |
| 2023-09-01 | $142,450 (20.5%) | $175,126 (10.3%) | 0.00 | 90 |
| 2023-10-01 | $145,450 (26.6%) | $188,396 (26.0%) | 0.00 | 99 |
| 2023-11-01 | $134,900 (26.0%) | $186,966 (24.9%) | 0.00 | 105 |
| 2023-12-01 | $149,800 (22.4%) | $199,466 (37.1%) | 0.00 | 98 |
| 2024-01-01 | $146,725 (7.7%) | $189,885 (17.1%) | 0.00 | 73 |
| 2024-02-01 | $139,500 (-4.8%) | $187,408 (11.8%) | 0.00 | 76 |
| 2024-03-01 | $140,000 (-1.7%) | $210,689 (28.6%) | 0.00 | 76 |
Hutchinson's median listing price comes in at 0% of the national average.
Hutchinson's average listing price for 2024-03-01 was $210,689, a difference of $46,817 (28.6%) versus the prior year and $23,281 versus the prior month.
For the 2024-03-01 period, Hutchinson had 76 MLS listings, a difference of 0 listings (0%) versus the prior month and 7 listings (10%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Hutchinson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 1,721 sqft |
| 2018-02-01 | 0 days | 1,673 sqft |
| 2018-03-01 | 0 days | 1,717 sqft |
| 2018-04-01 | 0 days | 1,643 sqft |
| 2018-05-01 | 0 days | 1,649 sqft |
| 2018-06-01 | 0 days | 1,720 sqft |
| 2018-07-01 | 0 days | 1,728 sqft |
| 2018-08-01 | 0 days | 1,721 sqft |
| 2018-09-01 | 0 days | 1,728 sqft |
| 2018-10-01 | 0 days | 1,787 sqft |
| 2018-11-01 | 0 days | 1,730 sqft |
| 2018-12-01 | 0 days | 1,698 sqft |
| 2019-01-01 | 0 days | 1,697 sqft |
| 2019-02-01 | 0 days | 1,707 sqft |
| 2019-03-01 | 0 days | 1,717 sqft |
| 2019-04-01 | 0 days | 1,721 sqft |
| 2019-05-01 | 0 days | 1,779 sqft |
| 2019-06-01 | 0 days | 1,770 sqft |
| 2019-07-01 | 0 days | 1,678 sqft |
| 2019-08-01 | 0 days | 1,661 sqft |
| 2019-09-01 | 0 days | 1,686 sqft |
| 2019-10-01 | 0 days | 1,725 sqft |
| 2019-11-01 | 0 days | 1,717 sqft |
| 2019-12-01 | 0 days | 1,660 sqft |
| 2020-01-01 | 0 days | 1,664 sqft |
| 2020-02-01 | 0 days | 1,644 sqft |
| 2020-03-01 | 0 days | 1,709 sqft |
| 2020-04-01 | 0 days | 1,766 sqft |
| 2020-05-01 | 0 days | 1,783 sqft |
| 2020-06-01 | 0 days | 1,752 sqft |
| 2020-07-01 | 0 days | 1,823 sqft |
| 2020-08-01 | 0 days | 1,858 sqft |
| 2020-09-01 | 0 days | 1,792 sqft |
| 2020-10-01 | 0 days | 1,654 sqft |
| 2020-11-01 | 0 days | 1,549 sqft |
| 2020-12-01 | 0 days | 1,653 sqft |
| 2021-01-01 | 0 days | 1,484 sqft |
| 2021-02-01 | 0 days | 1,523 sqft |
| 2021-03-01 | 0 days | 1,768 sqft |
| 2021-04-01 | 0 days | 1,696 sqft |
| 2021-05-01 | 0 days | 1,728 sqft |
| 2021-06-01 | 0 days | 1,720 sqft |
| 2021-07-01 | 0 days | 1,761 sqft |
| 2021-08-01 | 0 days | 1,724 sqft |
| 2021-09-01 | 0 days | 1,629 sqft |
| 2021-10-01 | 0 days | 1,536 sqft |
| 2021-11-01 | 0 days | 1,468 sqft |
| 2021-12-01 | 0 days | 1,432 sqft |
| 2022-01-01 | 0 days | 1,534 sqft |
| 2022-02-01 | 0 days | 1,458 sqft |
| 2022-03-01 | 0 days | 1,481 sqft |
| 2022-04-01 | 0 days | 1,498 sqft |
| 2022-05-01 | 0 days | 1,505 sqft |
| 2022-06-01 | 0 days | 1,554 sqft |
| 2022-07-01 | 0 days | 1,585 sqft |
| 2022-08-01 | 0 days | 1,528 sqft |
| 2022-09-01 | 0 days | 1,510 sqft |
| 2022-10-01 | 0 days | 1,454 sqft |
| 2022-11-01 | 0 days | 1,386 sqft |
| 2022-12-01 | 0 days | 1,436 sqft |
| 2023-01-01 | 0 days | 1,496 sqft |
| 2023-02-01 | 0 days | 1,579 sqft |
| 2023-03-01 | 0 days | 1,562 sqft |
| 2023-04-01 | 0 days | 1,607 sqft |
| 2023-05-01 | 0 days | 1,772 sqft |
| 2023-06-01 | 0 days | 1,656 sqft |
| 2023-07-01 | 0 days | 1,760 sqft |
| 2023-08-01 | 0 days | 1,545 sqft |
| 2023-09-01 | 0 days | 1,722 sqft |
| 2023-10-01 | 0 days | 1,752 sqft |
| 2023-11-01 | 0 days | 1,737 sqft |
| 2023-12-01 | 0 days | 1,677 sqft |
| 2024-01-01 | 0 days | 1,645 sqft |
| 2024-02-01 | 0 days | 1,714 sqft |
| 2024-03-01 | 0 days | 1,648 sqft |
Hutchinson's median square footage for active listings during the 2024-03-01 period was 1,648 sqft. One year prior, the average listing was 1,562 sqft.