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 0.13% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

Hutchinson's average USDA mortgage closing costs are $3,816.

The average rate for the prior week (2024-11-22) was 6.63% and one month ago for the week of 2024-10-25, the average rate was 6.63%.

The average rate one year ago was 7.13%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.1%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

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
2024-04-01 $154,450 (14.4%) $256,199 (50.8%) 0.00 77
2024-05-01 $156,675 (10.0%) $248,568 (48.2%) 0.00 84
2024-06-01 $159,250 (13.4%) $264,890 (52.3%) 0.00 90
2024-07-01 $148,825 (4.5%) $253,504 (46.4%) 0.00 99
2024-08-01 $169,450 (41.2%) $261,057 (57.6%) 0.00 115
2024-09-01 $164,675 (15.6%) $250,862 (43.3%) 0.00 127
2024-10-01 $177,850 (22.3%) $249,351 (32.4%) 0.00 136
Hutchinson's median listing price for 2024-10-01 was $177,850, a difference of $32,400 (22.3%) versus the prior year and $13,175 versus the prior month.

Hutchinson's median listing price comes in at 0% of the national average.

Hutchinson's average listing price for 2024-10-01 was $249,351, a difference of $60,955 (32.4%) versus the prior year and $-1,511 versus the prior month.

For the 2024-10-01 period, Hutchinson had 136 MLS listings, a difference of 9 listings (7%) versus the prior month and 37 listings (37%) 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
2024-04-01 0 days 1,652 sqft
2024-05-01 0 days 1,637 sqft
2024-06-01 0 days 1,678 sqft
2024-07-01 0 days 1,630 sqft
2024-08-01 0 days 1,816 sqft
2024-09-01 0 days 1,816 sqft
2024-10-01 0 days 1,816 sqft
Hutchinson's median listing age (time on market) for 2024-10-01 was 0 days.

Hutchinson's median square footage for active listings during the 2024-10-01 period was 1,816 sqft. One year prior, the average listing was 1,752 sqft.