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%.

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

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. Louis
Date 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 for 2023-04-01 was $429,900, a difference of $60,900 (16.5%) versus the prior year and $-12,550 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2023-04-01 was 0 days.

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.