Lawrence USDA Loan Rates, Closing Costs & Stats

LAWRENCE, KS

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    • 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.