Lawrence USDA Loan Rates, Closing Costs & Stats
LAWRENCE, 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.
Lawrence's 6 lenders originated 7 USDA loans during 2022. The total origination value was $1,555,000, with an average USDA loan value of $222,143.
Lawrence USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Lawrence
averaged
6.46%
for the week of 2023-05-26, compared to the national average (all USDA variants) of
6.63% for the same period.
Lawrence's average USDA mortgage closing costs are $4,401.
The average rate for the prior week (2023-05-19) was
6% and
one month ago for the week of 2023-04-21, the
average rate was 6.31%.
The average rate one year ago was 4.93%.
For refis of the same type during the week of 2023-05-26, the average rate
was 5.4%.
Lawrence 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 Lawrence level.
Name | # of Loans | 2022 Avg. 30yFix Rate | 2022 Avg. Closing Costs |
---|---|---|---|
NBH Bank | 2 | 3.19% | $4,210 |
CMG MORTGAGE, INC. | 1 | 3.13% | $7,597 |
Flagstar Bank, FSB | 1 | 3.88% | $5,472 |
Mortgage Investment Services Corporation | 1 | 4.63% | $819 |
Servion, Inc. | 1 | 5.00% | $5,446 |
UNION HOME MORTGAGE CORP. | 1 | 3.25% | $10,177 |
The top Lawrence USDA lender as defined by loan originations is NBH Bank, with
2 USDA loans originated. Their average total fees are
$4,210, which is $3,387
lower than the next largest lender,
CMG MORTGAGE, INC..
The lowest fee Lawrence USDA lenders (with over 10 loans originated) are
.
The lowest rate Lawrence USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Lawrence (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $289,900 (28.9%) | $345,089 (5.5%) | 0.00 | 219 |
2018-02-01 | $304,250 (26.8%) | $347,935 (4.0%) | 0.00 | 210 |
2018-03-01 | $299,700 (16.4%) | $354,812 (1.6%) | 0.00 | 220 |
2018-04-01 | $306,963 (12.9%) | $355,904 (-1.0%) | 0.00 | 235 |
2018-05-01 | $312,875 (5.2%) | $364,974 (0.2%) | 0.00 | 258 |
2018-06-01 | $295,900 (1.3%) | $350,546 (-0.6%) | 0.00 | 300 |
2018-07-01 | $298,000 (1.3%) | $350,665 (-2.2%) | 0.00 | 340 |
2018-08-01 | $278,900 (-1.3%) | $337,867 (-3.1%) | 0.00 | 348 |
2018-09-01 | $279,925 (0.2%) | $340,954 (1.0%) | 0.00 | 343 |
2018-10-01 | $282,475 (1.2%) | $338,556 (1.6%) | 0.00 | 326 |
2018-11-01 | $279,925 (-2.5%) | $333,430 (-0.9%) | 0.00 | 324 |
2018-12-01 | $284,450 (0.7%) | $337,646 (0.7%) | 0.00 | 287 |
2019-01-01 | $300,000 (3.5%) | $339,354 (-1.7%) | 0.00 | 252 |
2019-02-01 | $318,900 (4.8%) | $339,542 (-2.4%) | 0.00 | 240 |
2019-03-01 | $314,950 (5.1%) | $337,493 (-4.9%) | 0.00 | 249 |
2019-04-01 | $304,950 (-0.7%) | $339,740 (-4.5%) | 0.00 | 295 |
2019-05-01 | $317,450 (1.5%) | $359,018 (-1.6%) | 0.00 | 299 |
2019-06-01 | $314,900 (6.4%) | $351,277 (0.2%) | 0.00 | 333 |
2019-07-01 | $299,924 (0.7%) | $350,612 (0.0%) | 0.00 | 347 |
2019-08-01 | $299,900 (7.5%) | $351,326 (4.0%) | 0.00 | 332 |
2019-09-01 | $309,750 (10.7%) | $364,972 (7.0%) | 0.00 | 315 |
2019-10-01 | $299,450 (6.0%) | $352,823 (4.2%) | 0.00 | 346 |
2019-11-01 | $299,900 (7.1%) | $356,531 (6.9%) | 0.00 | 335 |
2019-12-01 | $307,300 (8.0%) | $361,235 (7.0%) | 0.00 | 275 |
2020-01-01 | $312,400 (4.1%) | $366,565 (8.0%) | 0.00 | 245 |
2020-02-01 | $317,000 (-0.6%) | $375,742 (10.7%) | 0.00 | 246 |
2020-03-01 | $322,450 (2.4%) | $377,637 (11.9%) | 0.00 | 257 |
2020-04-01 | $326,975 (7.2%) | $374,204 (10.1%) | 0.00 | 259 |
2020-05-01 | $329,900 (3.9%) | $378,545 (5.4%) | 0.00 | 249 |
2020-06-01 | $322,900 (2.5%) | $392,231 (11.7%) | 0.00 | 212 |
2020-07-01 | $325,175 (8.4%) | $401,160 (14.4%) | 0.00 | 185 |
2020-08-01 | $308,000 (2.7%) | $382,614 (8.9%) | 0.00 | 175 |
2020-09-01 | $289,925 (-6.4%) | $362,219 (-0.8%) | 0.00 | 176 |
2020-10-01 | $300,000 (0.2%) | $379,948 (7.7%) | 0.00 | 164 |
2020-11-01 | $299,950 (0.0%) | $383,591 (7.6%) | 0.00 | 139 |
2020-12-01 | $288,700 (-6.1%) | $385,931 (6.8%) | 0.00 | 110 |
2021-01-01 | $299,900 (-4.0%) | $382,786 (4.4%) | 0.00 | 89 |
2021-02-01 | $324,000 (2.2%) | $402,219 (7.1%) | 0.00 | 74 |
2021-03-01 | $287,000 (-11.0%) | $366,935 (-2.8%) | 0.00 | 71 |
2021-04-01 | $301,950 (-7.7%) | $372,630 (-0.4%) | 0.00 | 81 |
2021-05-01 | $299,925 (-9.1%) | $371,751 (-1.8%) | 0.00 | 85 |
2021-06-01 | $304,975 (-5.6%) | $363,954 (-7.2%) | 0.00 | 95 |
2021-07-01 | $306,950 (-5.6%) | $366,950 (-8.5%) | 0.00 | 123 |
2021-08-01 | $309,963 (0.6%) | $356,178 (-6.9%) | 0.00 | 143 |
2021-09-01 | $329,925 (13.8%) | $358,238 (-1.1%) | 0.00 | 128 |
2021-10-01 | $342,450 (14.2%) | $372,969 (-1.8%) | 0.00 | 135 |
2021-11-01 | $351,425 (17.2%) | $378,878 (-1.2%) | 0.00 | 98 |
2021-12-01 | $371,950 (28.8%) | $397,007 (2.9%) | 0.00 | 85 |
2022-01-01 | $385,000 (28.4%) | $460,368 (20.3%) | 0.00 | 71 |
2022-02-01 | $402,725 (24.3%) | $469,367 (16.7%) | 0.00 | 83 |
2022-03-01 | $392,500 (36.8%) | $445,117 (21.3%) | 0.00 | 89 |
2022-04-01 | $369,000 (22.2%) | $447,970 (20.2%) | 0.00 | 96 |
2022-05-01 | $371,150 (23.8%) | $441,490 (18.8%) | 0.00 | 103 |
2022-06-01 | $368,225 (20.7%) | $431,828 (18.7%) | 0.00 | 123 |
2022-07-01 | $369,950 (20.5%) | $433,539 (18.2%) | 0.00 | 168 |
2022-08-01 | $351,200 (13.3%) | $423,978 (19.0%) | 0.00 | 166 |
2022-09-01 | $347,250 (5.3%) | $446,214 (24.6%) | 0.00 | 145 |
2022-10-01 | $345,000 (0.7%) | $441,049 (18.3%) | 0.00 | 161 |
2022-11-01 | $347,500 (-1.1%) | $437,367 (15.4%) | 0.00 | 145 |
2022-12-01 | $350,000 (-5.9%) | $433,599 (9.2%) | 0.00 | 136 |
2023-01-01 | $384,950 (0.0%) | $469,412 (2.0%) | 0.00 | 117 |
2023-02-01 | $434,900 (8.0%) | $499,840 (6.5%) | 0.00 | 107 |
2023-03-01 | $442,450 (12.7%) | $520,053 (16.8%) | 0.00 | 108 |
2023-04-01 | $429,900 (16.5%) | $518,398 (15.7%) | 0.00 | 123 |
Lawrence's median listing price comes in at 0% of the national average.
Lawrence's average listing price for 2023-04-01 was $518,398, a difference of $70,428 (15.7%) versus the prior year and $-1,655 versus the prior month.
For the 2023-04-01 period, Lawrence had 123 MLS listings, a difference of 15 listings (14%) versus the prior month and 27 listings (28%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Lawrence (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 2,170 sqft |
2018-02-01 | 0 days | 2,257 sqft |
2018-03-01 | 0 days | 2,467 sqft |
2018-04-01 | 0 days | 2,470 sqft |
2018-05-01 | 0 days | 2,461 sqft |
2018-06-01 | 0 days | 2,472 sqft |
2018-07-01 | 0 days | 2,411 sqft |
2018-08-01 | 0 days | 2,188 sqft |
2018-09-01 | 0 days | 2,167 sqft |
2018-10-01 | 0 days | 2,156 sqft |
2018-11-01 | 0 days | 2,138 sqft |
2018-12-01 | 0 days | 2,225 sqft |
2019-01-01 | 0 days | 2,301 sqft |
2019-02-01 | 0 days | 2,278 sqft |
2019-03-01 | 0 days | 2,278 sqft |
2019-04-01 | 0 days | 2,338 sqft |
2019-05-01 | 0 days | 2,470 sqft |
2019-06-01 | 0 days | 2,390 sqft |
2019-07-01 | 0 days | 2,285 sqft |
2019-08-01 | 0 days | 2,283 sqft |
2019-09-01 | 0 days | 2,397 sqft |
2019-10-01 | 0 days | 2,330 sqft |
2019-11-01 | 0 days | 2,328 sqft |
2019-12-01 | 0 days | 2,244 sqft |
2020-01-01 | 0 days | 2,251 sqft |
2020-02-01 | 0 days | 2,255 sqft |
2020-03-01 | 0 days | 2,296 sqft |
2020-04-01 | 0 days | 2,298 sqft |
2020-05-01 | 0 days | 2,350 sqft |
2020-06-01 | 0 days | 2,274 sqft |
2020-07-01 | 0 days | 2,292 sqft |
2020-08-01 | 0 days | 2,123 sqft |
2020-09-01 | 0 days | 1,975 sqft |
2020-10-01 | 0 days | 2,046 sqft |
2020-11-01 | 0 days | 1,998 sqft |
2020-12-01 | 0 days | 1,964 sqft |
2021-01-01 | 0 days | 1,864 sqft |
2021-02-01 | 0 days | 1,885 sqft |
2021-03-01 | 0 days | 1,842 sqft |
2021-04-01 | 0 days | 1,990 sqft |
2021-05-01 | 0 days | 1,965 sqft |
2021-06-01 | 0 days | 1,873 sqft |
2021-07-01 | 0 days | 1,975 sqft |
2021-08-01 | 0 days | 1,873 sqft |
2021-09-01 | 0 days | 1,905 sqft |
2021-10-01 | 0 days | 1,915 sqft |
2021-11-01 | 0 days | 1,903 sqft |
2021-12-01 | 0 days | 2,022 sqft |
2022-01-01 | 0 days | 2,016 sqft |
2022-02-01 | 0 days | 2,072 sqft |
2022-03-01 | 0 days | 1,964 sqft |
2022-04-01 | 0 days | 1,920 sqft |
2022-05-01 | 0 days | 1,939 sqft |
2022-06-01 | 0 days | 2,001 sqft |
2022-07-01 | 0 days | 2,105 sqft |
2022-08-01 | 0 days | 2,061 sqft |
2022-09-01 | 0 days | 2,033 sqft |
2022-10-01 | 0 days | 2,040 sqft |
2022-11-01 | 0 days | 2,029 sqft |
2022-12-01 | 0 days | 2,000 sqft |
2023-01-01 | 0 days | 2,202 sqft |
2023-02-01 | 0 days | 2,226 sqft |
2023-03-01 | 0 days | 2,212 sqft |
2023-04-01 | 0 days | 2,113 sqft |
Lawrence's median square footage for active listings during the 2023-04-01 period was 2,113 sqft. One year prior, the average listing was 1,920 sqft.