Liberal USDA Loan Rates, Closing Costs & Stats

Liberal, 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.

Liberal's 4 lenders originated 15 USDA loans during 2023. The total origination value was $2,365,000, with an average USDA loan value of $157,667.

Liberal USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Liberal averaged 6.45% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

Liberal's average USDA mortgage closing costs are $5,899.

The average rate for the prior week (2024-03-15) was 6.57% and one month ago for the week of 2024-02-16, the average rate was 6.55%.

The average rate one year ago was 6.45%.

For refis of the same type during the week of 2024-03-22, the average rate was 6.87%.

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

Liberal 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 Liberal level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
CMG MORTGAGE, INC. 11 6.06% $6,933
FIRST COLONY MORTGAGE CORPORATION 2 6.56% $1,870
Mortgage Research Center, LLC 1 6.25% $4,917
Paramount Residential Mortgage Group, Inc. 1 6.75% $6,726

The top Liberal USDA lender as defined by loan originations is CMG MORTGAGE, INC., with 11 USDA loans originated. Their average total fees are $6,933, which is $5,063 higher than the next largest lender, FIRST COLONY MORTGAGE CORPORATION.

The lowest fee Liberal USDA lenders (with over 10 loans originated) are CMG MORTGAGE, INC. ($6,933), .

The lowest rate Liberal USDA lenders (with over 10 loans originated) are CMG MORTGAGE, INC. (6.06%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Liberal (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 $119,550 (-12.4%) $140,147 (-12.3%) 0.00 65
2018-02-01 $126,125 (-8.4%) $148,586 (-8.2%) 0.00 67
2018-03-01 $125,500 (-14.7%) $146,618 (-11.0%) 0.00 70
2018-04-01 $131,224 (-6.3%) $147,822 (-8.2%) 0.00 69
2018-05-01 $141,250 (4.6%) $151,313 (-5.8%) 0.00 75
2018-06-01 $140,000 (3.7%) $152,228 (-4.3%) 0.00 71
2018-07-01 $146,563 (13.8%) $154,432 (4.0%) 0.00 72
2018-08-01 $149,313 (21.9%) $153,831 (8.0%) 0.00 71
2018-09-01 $139,900 (12.6%) $151,636 (6.6%) 0.00 70
2018-10-01 $130,000 (5.1%) $146,987 (3.1%) 0.00 74
2018-11-01 $135,000 (22.2%) $149,677 (12.1%) 0.00 72
2018-12-01 $134,000 (18.1%) $149,890 (13.6%) 0.00 73
2019-01-01 $136,250 (14.0%) $146,835 (4.8%) 0.00 67
2019-02-01 $145,968 (15.7%) $148,907 (0.2%) 0.00 72
2019-03-01 $149,494 (19.1%) $154,506 (5.4%) 0.00 74
2019-04-01 $150,499 (14.7%) $158,668 (7.3%) 0.00 71
2019-05-01 $148,938 (5.4%) $150,985 (-0.2%) 0.00 63
2019-06-01 $145,000 (3.6%) $153,229 (0.7%) 0.00 69
2019-07-01 $149,500 (2.0%) $159,143 (3.1%) 0.00 75
2019-08-01 $147,245 (-1.4%) $160,247 (4.2%) 0.00 72
2019-09-01 $143,114 (2.3%) $158,581 (4.6%) 0.00 72
2019-10-01 $139,900 (7.6%) $157,354 (7.1%) 0.00 72
2019-11-01 $138,000 (2.2%) $156,979 (4.9%) 0.00 72
2019-12-01 $136,125 (1.6%) $154,373 (3.0%) 0.00 64
2020-01-01 $134,950 (-1.0%) $151,246 (3.0%) 0.00 61
2020-02-01 $129,900 (-11.0%) $150,100 (0.8%) 0.00 63
2020-03-01 $133,975 (-10.4%) $153,104 (-0.9%) 0.00 70
2020-04-01 $136,500 (-9.3%) $151,241 (-4.7%) 0.00 70
2020-05-01 $138,000 (-7.3%) $157,768 (4.5%) 0.00 58
2020-06-01 $150,388 (3.7%) $174,934 (14.2%) 0.00 46
2020-07-01 $145,225 (-2.9%) $174,015 (9.4%) 0.00 41
2020-08-01 $145,000 (-1.5%) $189,731 (18.4%) 0.00 35
2020-09-01 $169,850 (18.7%) $201,112 (26.8%) 0.00 27
2020-10-01 $170,000 (21.5%) $203,745 (29.5%) 0.00 24
2020-11-01 $147,725 (7.1%) $195,018 (24.2%) 0.00 24
2020-12-01 $148,975 (9.4%) $189,037 (22.5%) 0.00 25
2021-01-01 $144,900 (7.4%) $182,674 (20.8%) 0.00 23
2021-02-01 $164,950 (27.0%) $186,427 (24.2%) 0.00 17
2021-03-01 $126,725 (-5.4%) $166,156 (8.5%) 0.00 12
2021-04-01 $154,750 (13.4%) $184,753 (22.2%) 0.00 12
2021-05-01 $140,000 (1.5%) $168,262 (6.7%) 0.00 10
2021-06-01 $135,500 (-9.9%) $161,944 (-7.4%) 0.00 14
2021-07-01 $141,750 (-2.4%) $157,030 (-9.8%) 0.00 19
2021-08-01 $137,500 (-5.2%) $146,347 (-22.9%) 0.00 26
2021-09-01 $139,675 (-17.8%) $150,873 (-25.0%) 0.00 27
2021-10-01 $132,500 (-22.1%) $155,129 (-23.9%) 0.00 28
2021-11-01 $132,475 (-10.3%) $164,254 (-15.8%) 0.00 23
2021-12-01 $135,000 (-9.4%) $173,409 (-8.3%) 0.00 18
2022-01-01 $140,000 (-3.4%) $186,819 (2.3%) 0.00 12
2022-02-01 $129,050 (-21.8%) $188,755 (1.3%) 0.00 11
2022-03-01 $135,975 (7.3%) $153,013 (-7.9%) 0.00 8
2022-04-01 $143,000 (-7.6%) $176,660 (-4.4%) 0.00 7
2022-05-01 $170,475 (21.8%) $206,183 (22.5%) 0.00 8
2022-06-01 $135,750 (0.2%) $174,039 (7.5%) 0.00 11
2022-07-01 $170,000 (19.9%) $187,618 (19.5%) 0.00 14
2022-08-01 $168,200 (22.3%) $202,582 (38.4%) 0.00 15
2022-09-01 $192,500 (37.8%) $225,506 (49.5%) 0.00 11
2022-10-01 $204,250 (54.2%) $210,843 (35.9%) 0.00 13
2022-11-01 $190,350 (43.7%) $200,524 (22.1%) 0.00 11
2022-12-01 $159,000 (17.8%) $194,620 (12.2%) 0.00 18
2023-01-01 $154,950 (10.7%) $191,221 (2.4%) 0.00 16
2023-02-01 $174,950 (35.6%) $207,275 (9.8%) 0.00 14
2023-03-01 $178,500 (31.3%) $203,232 (32.8%) 0.00 18
2023-04-01 $192,450 (34.6%) $218,439 (23.7%) 0.00 18
2023-05-01 $210,000 (23.2%) $229,938 (11.5%) 0.00 17
2023-06-01 $249,950 (84.1%) $247,218 (42.1%) 0.00 13
2023-07-01 $234,950 (38.2%) $245,806 (31.0%) 0.00 13
2023-08-01 $220,500 (31.1%) $230,843 (14.0%) 0.00 14
2023-09-01 $206,500 (7.3%) $228,933 (1.5%) 0.00 19
2023-10-01 $162,375 (-20.5%) $223,067 (5.8%) 0.00 18
2023-11-01 $180,925 (-5.0%) $223,005 (11.2%) 0.00 20
2023-12-01 $179,900 (13.1%) $219,662 (12.9%) 0.00 20
2024-01-01 $199,875 (29.0%) $227,763 (19.1%) 0.00 18
2024-02-01 $198,475 (13.5%) $208,932 (0.8%) 0.00 20
Liberal's median listing price for 2024-02-01 was $198,475, a difference of $23,525 (13.5%) versus the prior year and $-1,400 versus the prior month.

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

Liberal's average listing price for 2024-02-01 was $208,932, a difference of $1,657 (0.8%) versus the prior year and $-18,831 versus the prior month.

For the 2024-02-01 period, Liberal had 20 MLS listings, a difference of 2 listings (11%) versus the prior month and 6 listings (43%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Liberal (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,780 sqft
2018-02-01 0 days 1,824 sqft
2018-03-01 0 days 1,747 sqft
2018-04-01 0 days 1,736 sqft
2018-05-01 0 days 1,844 sqft
2018-06-01 0 days 1,887 sqft
2018-07-01 0 days 1,947 sqft
2018-08-01 0 days 2,058 sqft
2018-09-01 0 days 1,920 sqft
2018-10-01 0 days 1,970 sqft
2018-11-01 0 days 2,070 sqft
2018-12-01 0 days 2,087 sqft
2019-01-01 0 days 2,116 sqft
2019-02-01 0 days 2,170 sqft
2019-03-01 0 days 2,174 sqft
2019-04-01 0 days 2,216 sqft
2019-05-01 0 days 2,131 sqft
2019-06-01 0 days 2,057 sqft
2019-07-01 0 days 2,135 sqft
2019-08-01 0 days 2,159 sqft
2019-09-01 0 days 2,196 sqft
2019-10-01 0 days 2,221 sqft
2019-11-01 0 days 2,126 sqft
2019-12-01 0 days 2,157 sqft
2020-01-01 0 days 1,930 sqft
2020-02-01 0 days 1,839 sqft
2020-03-01 0 days 1,839 sqft
2020-04-01 0 days 1,851 sqft
2020-05-01 0 days 1,897 sqft
2020-06-01 0 days 2,003 sqft
2020-07-01 0 days 2,052 sqft
2020-08-01 0 days 2,034 sqft
2020-09-01 0 days 2,195 sqft
2020-10-01 0 days 1,980 sqft
2020-11-01 0 days 1,963 sqft
2020-12-01 0 days 1,971 sqft
2021-01-01 0 days 1,904 sqft
2021-02-01 0 days 2,310 sqft
2021-03-01 0 days 1,963 sqft
2021-04-01 0 days 2,098 sqft
2021-05-01 0 days 1,857 sqft
2021-06-01 0 days 1,937 sqft
2021-07-01 0 days 1,937 sqft
2021-08-01 0 days 1,835 sqft
2021-09-01 0 days 1,848 sqft
2021-10-01 0 days 1,814 sqft
2021-11-01 0 days 1,805 sqft
2021-12-01 0 days 1,787 sqft
2022-01-01 0 days 1,824 sqft
2022-02-01 0 days 1,865 sqft
2022-03-01 0 days 1,699 sqft
2022-04-01 0 days 1,772 sqft
2022-05-01 0 days 2,042 sqft
2022-06-01 0 days 1,792 sqft
2022-07-01 0 days 1,982 sqft
2022-08-01 0 days 1,892 sqft
2022-09-01 0 days 2,264 sqft
2022-10-01 0 days 2,064 sqft
2022-11-01 0 days 2,441 sqft
2022-12-01 0 days 1,986 sqft
2023-01-01 0 days 1,683 sqft
2023-02-01 0 days 1,919 sqft
2023-03-01 0 days 1,830 sqft
2023-04-01 0 days 2,064 sqft
2023-05-01 0 days 2,020 sqft
2023-06-01 0 days 2,495 sqft
2023-07-01 0 days 2,477 sqft
2023-08-01 0 days 2,453 sqft
2023-09-01 0 days 2,241 sqft
2023-10-01 0 days 1,981 sqft
2023-11-01 0 days 1,637 sqft
2023-12-01 0 days 1,811 sqft
2024-01-01 0 days 1,881 sqft
2024-02-01 0 days 1,943 sqft
Liberal's median listing age (time on market) for 2024-02-01 was 0 days.

Liberal's median square footage for active listings during the 2024-02-01 period was 1,943 sqft. One year prior, the average listing was 1,919 sqft.