Lawrence USDA Loans

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 9 lenders originated 15 USDA loans during 2021. The total origination value was $3,405,000, with an average USDA loan value of $227,000.

Lawrence USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Lawrence averaged 5.51% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

The average rate for the prior week (2022-05-06) was 5.44% and one month ago for the week of 2022-04-08, the average rate was 4.71%.

The average rate one year ago was 3.12%.

For refis of the same type during the week of 2022-05-13, the average rate was 5.15%.

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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Lawrence level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 5 3.07% $4,192
MOVEMENT MORTGAGE, LLC 3 3.29% $5,598
First State Bank of St. Charles, Missouri 1 2.50% $4,222
LEADERONE FINANCIAL CORPORATION 1 2.75% $4,939
Fidelity Bank 1 2.63% $5,622
NBH Bank 1 2.88% $4,061
OPEN MORTGAGE, LLC 1 2.88% $4,970
Sierra Pacific Mortgage Company, Inc. 1 2.88% $4,940
UNION HOME MORTGAGE CORP. 1 3.25% $5,430

The top Lawrence USDA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 5 USDA loans originated. Their average total fees are $4,192, which is $1,405 lower than the next largest lender, MOVEMENT MORTGAGE, LLC.

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 $292,400 (33.0%) $335,842 (2.5%) 0.00 290
2018-02-01 $312,000 (30.0%) $344,787 (2.4%) 0.00 267
2018-03-01 $299,900 (15.4%) $350,754 (0.9%) 0.00 286
2018-04-01 $307,475 (18.3%) $351,998 (-1.5%) 0.00 309
2018-05-01 $317,500 (8.9%) $370,219 (2.0%) 0.00 331
2018-06-01 $309,900 (10.7%) $357,676 (0.4%) 0.00 398
2018-07-01 $303,700 (5.1%) $349,806 (-3.1%) 0.00 454
2018-08-01 $296,950 (7.1%) $343,766 (0.9%) 0.00 456
2018-09-01 $298,900 (12.2%) $349,433 (7.9%) 0.00 447
2018-10-01 $289,900 (5.4%) $346,829 (7.7%) 0.00 422
2018-11-01 $287,475 (1.8%) $340,778 (4.0%) 0.00 422
2018-12-01 $300,000 (7.2%) $347,749 (7.3%) 0.00 367
2019-01-01 $322,500 (10.3%) $347,037 (3.3%) 0.00 324
2019-02-01 $327,450 (5.0%) $342,919 (-0.5%) 0.00 308
2019-03-01 $325,657 (8.6%) $342,828 (-2.3%) 0.00 339
2019-04-01 $320,707 (4.3%) $345,038 (-2.0%) 0.00 371
2019-05-01 $324,950 (2.4%) $366,730 (-0.9%) 0.00 382
2019-06-01 $324,900 (4.8%) $362,611 (1.4%) 0.00 436
2019-07-01 $307,450 (1.2%) $353,850 (1.2%) 0.00 465
2019-08-01 $295,614 (-0.5%) $342,726 (-0.3%) 0.00 458
2019-09-01 $295,614 (-1.1%) $343,254 (-1.8%) 0.00 442
2019-10-01 $299,900 (3.5%) $352,129 (1.5%) 0.00 455
2019-11-01 $299,900 (4.3%) $357,884 (5.0%) 0.00 433
2019-12-01 $304,950 (1.7%) $358,977 (3.2%) 0.00 346
2020-01-01 $312,500 (-3.1%) $365,243 (5.3%) 0.00 299
2020-02-01 $319,000 (-2.6%) $375,529 (9.5%) 0.00 304
2020-03-01 $331,450 (1.8%) $384,389 (12.1%) 0.00 325
2020-04-01 $337,450 (5.2%) $384,104 (11.3%) 0.00 324
2020-05-01 $339,900 (4.6%) $387,643 (5.7%) 0.00 302
2020-06-01 $329,900 (1.5%) $405,492 (11.8%) 0.00 260
2020-07-01 $326,450 (6.2%) $406,111 (14.8%) 0.00 233
2020-08-01 $315,000 (6.6%) $391,715 (14.3%) 0.00 222
2020-09-01 $298,000 (0.8%) $363,342 (5.9%) 0.00 221
2020-10-01 $309,000 (3.0%) $387,558 (10.1%) 0.00 202
2020-11-01 $299,950 (0.0%) $387,903 (8.4%) 0.00 172
2020-12-01 $299,450 (-1.8%) $393,506 (9.6%) 0.00 139
2021-01-01 $300,000 (-4.0%) $392,813 (7.6%) 0.00 112
2021-02-01 $314,950 (-1.3%) $396,487 (5.6%) 0.00 82
2021-03-01 $283,450 (-14.5%) $356,131 (-7.4%) 0.00 80
2021-04-01 $297,000 (-12.0%) $364,180 (-5.2%) 0.00 91
2021-05-01 $304,900 (-10.3%) $370,087 (-4.5%) 0.00 105
2021-06-01 $294,475 (-10.7%) $360,330 (-11.1%) 0.00 114
2021-07-01 $308,450 (-5.5%) $376,523 (-7.3%) 0.00 143
2021-08-01 $302,000 (-4.1%) $347,911 (-11.2%) 0.00 165
2021-09-01 $312,450 (4.9%) $353,901 (-2.6%) 0.00 155
2021-10-01 $339,950 (10.0%) $370,776 (-4.3%) 0.00 166
2021-11-01 $352,500 (17.5%) $386,535 (-0.4%) 0.00 115
2021-12-01 $368,950 (23.2%) $398,263 (1.2%) 0.00 101
2022-01-01 $385,000 (28.3%) $437,050 (11.3%) 0.00 89
2022-02-01 $390,450 (24.0%) $445,298 (12.3%) 0.00 95
2022-03-01 $389,950 (37.6%) $426,377 (19.7%) 0.00 103
2022-04-01 $369,900 (24.6%) $432,225 (18.7%) 0.00 112
Lawrence's median listing price for 2022-04-01 was $369,900, a difference of $72,900 (24.6%) versus the prior year and $-20,050 versus the prior month.

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

Lawrence's average listing price for 2022-04-01 was $432,225, a difference of $68,045 (18.7%) versus the prior year and $5,848 versus the prior month.

For the 2022-04-01 period, Lawrence had 112 MLS listings, a difference of 9 listings (9%) versus the prior month and 21 listings (23%) 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 2,180 sqft
2018-02-01 0 days 2,295 sqft
2018-03-01 0 days 2,467 sqft
2018-04-01 0 days 2,458 sqft
2018-05-01 0 days 2,484 sqft
2018-06-01 0 days 2,518 sqft
2018-07-01 0 days 2,441 sqft
2018-08-01 0 days 2,219 sqft
2018-09-01 0 days 2,222 sqft
2018-10-01 0 days 2,222 sqft
2018-11-01 0 days 2,212 sqft
2018-12-01 0 days 2,381 sqft
2019-01-01 0 days 2,364 sqft
2019-02-01 0 days 2,301 sqft
2019-03-01 0 days 2,344 sqft
2019-04-01 0 days 2,420 sqft
2019-05-01 0 days 2,495 sqft
2019-06-01 0 days 2,490 sqft
2019-07-01 0 days 2,338 sqft
2019-08-01 0 days 2,250 sqft
2019-09-01 0 days 2,219 sqft
2019-10-01 0 days 2,341 sqft
2019-11-01 0 days 2,342 sqft
2019-12-01 0 days 2,242 sqft
2020-01-01 0 days 2,262 sqft
2020-02-01 0 days 2,278 sqft
2020-03-01 0 days 2,354 sqft
2020-04-01 0 days 2,357 sqft
2020-05-01 0 days 2,412 sqft
2020-06-01 0 days 2,430 sqft
2020-07-01 0 days 2,412 sqft
2020-08-01 0 days 2,200 sqft
2020-09-01 0 days 2,007 sqft
2020-10-01 0 days 2,137 sqft
2020-11-01 0 days 2,014 sqft
2020-12-01 0 days 2,059 sqft
2021-01-01 0 days 1,950 sqft
2021-02-01 0 days 1,954 sqft
2021-03-01 0 days 1,818 sqft
2021-04-01 0 days 1,995 sqft
2021-05-01 0 days 1,929 sqft
2021-06-01 0 days 1,900 sqft
2021-07-01 0 days 2,009 sqft
2021-08-01 0 days 1,844 sqft
2021-09-01 0 days 1,929 sqft
2021-10-01 0 days 1,975 sqft
2021-11-01 0 days 1,897 sqft
2021-12-01 0 days 2,006 sqft
2022-01-01 0 days 1,980 sqft
2022-02-01 0 days 2,105 sqft
2022-03-01 0 days 2,032 sqft
2022-04-01 0 days 2,040 sqft
Lawrence's median listing age (time on market) for 2022-04-01 was 0 days.

Lawrence's median square footage for active listings during the 2022-04-01 period was 2,040 sqft. One year prior, the average listing was 1,995 sqft.