Manhattan USDA Loan Rates, Closing Costs & Stats
MANHATTAN, 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.
Manhattan's 8 lenders originated 18 USDA loans during 2023. The total origination value was $2,400,000, with an average USDA loan value of $133,333.
Manhattan USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Manhattan
averaged
6.71%
for the week of 2024-04-19, compared to the national average (all USDA variants) of
6.863% for the same period.
Manhattan's average USDA mortgage closing costs are $3,935.
The average rate for the prior week (2024-04-12) was
6.76% and
one month ago for the week of 2024-03-15, the
average rate was 6.34%.
The average rate one year ago was 6.18%.
For refis of the same type during the week of 2024-04-19, the average rate
was 6.66%.
Manhattan 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 Manhattan level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Landmark National Bank | 9 | 6.65% | $3,453 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 2 | 7.25% | $4,149 |
| KANSAS STATE UNIVERSITY Federal Credit Union | 1 | 7.13% | $6,034 |
| Members Mortgage Services, L.L.C. | 1 | 7.13% | $4,692 |
| PLANET HOME LENDING, LLC | 1 | 6.63% | $7,368 |
| Citizens Bank | 1 | 7.25% | $6,973 |
| UNION HOME MORTGAGE CORP. | 1 | 6.63% | $9,465 |
| Community First National Bank | 1 | 6.63% | $4,891 |
The top Manhattan USDA lender as defined by loan originations is Landmark National Bank, with
9 USDA loans originated. Their average total fees are
$3,453, which is $697
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Manhattan USDA lenders (with over 10 loans originated) are
.
The lowest rate Manhattan USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Manhattan (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 | $169,900 (0.0%) | $196,155 (-7.3%) | 0.00 | 663 |
| 2018-02-01 | $169,923 (-2.9%) | $200,244 (-6.3%) | 0.00 | 653 |
| 2018-03-01 | $174,900 (-4.1%) | $201,185 (-5.8%) | 0.00 | 722 |
| 2018-04-01 | $175,000 (-2.8%) | $202,865 (-5.1%) | 0.00 | 778 |
| 2018-05-01 | $175,000 (-3.3%) | $202,384 (-4.8%) | 0.00 | 805 |
| 2018-06-01 | $169,900 (-7.8%) | $199,761 (-6.5%) | 0.00 | 810 |
| 2018-07-01 | $170,725 (-7.2%) | $200,227 (-6.0%) | 0.00 | 770 |
| 2018-08-01 | $172,450 (-4.2%) | $201,190 (-4.4%) | 0.00 | 771 |
| 2018-09-01 | $175,000 (-2.7%) | $200,648 (-3.9%) | 0.00 | 766 |
| 2018-10-01 | $170,000 (-4.4%) | $201,206 (-2.5%) | 0.00 | 734 |
| 2018-11-01 | $170,000 (-2.9%) | $200,733 (-1.7%) | 0.00 | 714 |
| 2018-12-01 | $169,900 (-0.1%) | $200,834 (1.6%) | 0.00 | 675 |
| 2019-01-01 | $165,600 (-2.5%) | $200,554 (2.2%) | 0.00 | 645 |
| 2019-02-01 | $179,300 (5.5%) | $256,282 (28.0%) | 0.00 | 696 |
| 2019-03-01 | $179,300 (2.5%) | $248,595 (23.6%) | 0.00 | 719 |
| 2019-04-01 | $178,200 (1.8%) | $237,273 (17.0%) | 0.00 | 736 |
| 2019-05-01 | $178,950 (2.3%) | $239,245 (18.2%) | 0.00 | 756 |
| 2019-06-01 | $173,000 (1.8%) | $230,050 (15.2%) | 0.00 | 753 |
| 2019-07-01 | $170,675 (0.0%) | $227,180 (13.5%) | 0.00 | 763 |
| 2019-08-01 | $171,300 (-0.7%) | $228,030 (13.3%) | 0.00 | 745 |
| 2019-09-01 | $173,325 (-1.0%) | $229,404 (14.3%) | 0.00 | 716 |
| 2019-10-01 | $174,450 (2.6%) | $231,043 (14.8%) | 0.00 | 686 |
| 2019-11-01 | $169,900 (-0.1%) | $228,092 (13.6%) | 0.00 | 616 |
| 2019-12-01 | $169,900 (0.0%) | $233,425 (16.2%) | 0.00 | 569 |
| 2020-01-01 | $169,700 (2.5%) | $229,574 (14.5%) | 0.00 | 533 |
| 2020-02-01 | $170,000 (-5.2%) | $235,907 (-8.0%) | 0.00 | 529 |
| 2020-03-01 | $179,450 (0.1%) | $239,435 (-3.7%) | 0.00 | 559 |
| 2020-04-01 | $179,800 (0.9%) | $241,860 (1.9%) | 0.00 | 537 |
| 2020-05-01 | $185,000 (3.4%) | $247,376 (3.4%) | 0.00 | 492 |
| 2020-06-01 | $189,450 (9.5%) | $259,269 (12.7%) | 0.00 | 430 |
| 2020-07-01 | $185,000 (8.4%) | $258,621 (13.8%) | 0.00 | 424 |
| 2020-08-01 | $184,500 (7.7%) | $261,358 (14.6%) | 0.00 | 409 |
| 2020-09-01 | $169,350 (-2.3%) | $223,930 (-2.4%) | 0.00 | 366 |
| 2020-10-01 | $169,900 (-2.6%) | $225,167 (-2.5%) | 0.00 | 337 |
| 2020-11-01 | $177,350 (4.4%) | $225,494 (-1.1%) | 0.00 | 316 |
| 2020-12-01 | $170,000 (0.1%) | $225,192 (-3.5%) | 0.00 | 280 |
| 2021-01-01 | $177,000 (4.3%) | $232,065 (1.1%) | 0.00 | 246 |
| 2021-02-01 | $180,000 (5.9%) | $232,016 (-1.7%) | 0.00 | 206 |
| 2021-03-01 | $187,750 (4.6%) | $242,103 (1.1%) | 0.00 | 202 |
| 2021-04-01 | $197,300 (9.7%) | $253,083 (4.6%) | 0.00 | 194 |
| 2021-05-01 | $205,000 (10.8%) | $262,990 (6.3%) | 0.00 | 206 |
| 2021-06-01 | $205,000 (8.2%) | $238,909 (-7.9%) | 0.00 | 242 |
| 2021-07-01 | $186,250 (0.7%) | $237,517 (-8.2%) | 0.00 | 275 |
| 2021-08-01 | $180,000 (-2.4%) | $227,551 (-12.9%) | 0.00 | 311 |
| 2021-09-01 | $192,500 (13.7%) | $230,679 (3.0%) | 0.00 | 330 |
| 2021-10-01 | $185,000 (8.9%) | $231,651 (2.9%) | 0.00 | 302 |
| 2021-11-01 | $196,875 (11.0%) | $238,555 (5.8%) | 0.00 | 253 |
| 2021-12-01 | $188,250 (10.7%) | $384,085 (70.6%) | 0.00 | 210 |
| 2022-01-01 | $164,500 (-7.1%) | $429,970 (85.3%) | 0.00 | 155 |
| 2022-02-01 | $202,450 (12.5%) | $491,080 (111.7%) | 0.00 | 130 |
| 2022-03-01 | $239,925 (27.8%) | $279,814 (15.6%) | 0.00 | 145 |
| 2022-04-01 | $230,000 (16.6%) | $273,205 (8.0%) | 0.00 | 166 |
| 2022-05-01 | $225,000 (9.8%) | $271,105 (3.1%) | 0.00 | 190 |
| 2022-06-01 | $232,500 (13.4%) | $274,767 (15.0%) | 0.00 | 223 |
| 2022-07-01 | $240,000 (28.9%) | $277,799 (17.0%) | 0.00 | 237 |
| 2022-08-01 | $239,950 (33.3%) | $273,540 (20.2%) | 0.00 | 258 |
| 2022-09-01 | $233,500 (21.3%) | $271,073 (17.5%) | 0.00 | 245 |
| 2022-10-01 | $240,000 (29.7%) | $275,246 (18.8%) | 0.00 | 225 |
| 2022-11-01 | $229,900 (16.8%) | $264,508 (10.9%) | 0.00 | 256 |
| 2022-12-01 | $229,900 (22.1%) | $264,976 (-31.0%) | 0.00 | 251 |
| 2023-01-01 | $231,625 (40.8%) | $269,872 (-37.2%) | 0.00 | 224 |
| 2023-02-01 | $264,000 (30.4%) | $289,977 (-41.0%) | 0.00 | 207 |
| 2023-03-01 | $275,000 (14.6%) | $311,229 (11.2%) | 0.00 | 197 |
| 2023-04-01 | $270,000 (17.4%) | $315,817 (15.6%) | 0.00 | 202 |
| 2023-05-01 | $278,250 (23.7%) | $313,443 (15.6%) | 0.00 | 224 |
| 2023-06-01 | $278,000 (19.6%) | $306,281 (11.5%) | 0.00 | 241 |
| 2023-07-01 | $267,000 (11.3%) | $301,577 (8.6%) | 0.00 | 249 |
| 2023-08-01 | $261,225 (8.9%) | $300,666 (9.9%) | 0.00 | 264 |
| 2023-09-01 | $239,000 (2.4%) | $286,098 (5.5%) | 0.00 | 258 |
| 2023-10-01 | $222,238 (-7.4%) | $270,363 (-1.8%) | 0.00 | 268 |
| 2023-11-01 | $222,500 (-3.2%) | $271,510 (2.7%) | 0.00 | 283 |
| 2023-12-01 | $225,000 (-2.1%) | $267,524 (1.0%) | 0.00 | 276 |
| 2024-01-01 | $233,675 (0.9%) | $275,626 (2.1%) | 0.00 | 256 |
| 2024-02-01 | $241,250 (-8.6%) | $291,038 (0.4%) | 0.00 | 232 |
| 2024-03-01 | $259,900 (-5.5%) | $311,880 (0.2%) | 0.00 | 219 |
Manhattan's median listing price comes in at 0% of the national average.
Manhattan's average listing price for 2024-03-01 was $311,880, a difference of $651 (0.2%) versus the prior year and $20,842 versus the prior month.
For the 2024-03-01 period, Manhattan had 219 MLS listings, a difference of -13 listings (-6%) versus the prior month and 22 listings (11%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Manhattan (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 0 days | 2,018 sqft |
| 2018-02-01 | 0 days | 2,070 sqft |
| 2018-03-01 | 0 days | 2,082 sqft |
| 2018-04-01 | 0 days | 2,091 sqft |
| 2018-05-01 | 0 days | 2,086 sqft |
| 2018-06-01 | 0 days | 2,091 sqft |
| 2018-07-01 | 0 days | 2,091 sqft |
| 2018-08-01 | 0 days | 2,054 sqft |
| 2018-09-01 | 0 days | 2,054 sqft |
| 2018-10-01 | 0 days | 2,051 sqft |
| 2018-11-01 | 0 days | 2,045 sqft |
| 2018-12-01 | 0 days | 2,020 sqft |
| 2019-01-01 | 0 days | 1,999 sqft |
| 2019-02-01 | 0 days | 1,939 sqft |
| 2019-03-01 | 0 days | 1,941 sqft |
| 2019-04-01 | 0 days | 1,958 sqft |
| 2019-05-01 | 0 days | 1,961 sqft |
| 2019-06-01 | 0 days | 1,963 sqft |
| 2019-07-01 | 0 days | 1,961 sqft |
| 2019-08-01 | 0 days | 1,959 sqft |
| 2019-09-01 | 0 days | 1,957 sqft |
| 2019-10-01 | 0 days | 1,958 sqft |
| 2019-11-01 | 0 days | 1,944 sqft |
| 2019-12-01 | 0 days | 1,935 sqft |
| 2020-01-01 | 0 days | 1,934 sqft |
| 2020-02-01 | 0 days | 1,917 sqft |
| 2020-03-01 | 0 days | 1,923 sqft |
| 2020-04-01 | 0 days | 1,882 sqft |
| 2020-05-01 | 0 days | 1,908 sqft |
| 2020-06-01 | 0 days | 1,971 sqft |
| 2020-07-01 | 0 days | 1,946 sqft |
| 2020-08-01 | 0 days | 1,950 sqft |
| 2020-09-01 | 0 days | 1,995 sqft |
| 2020-10-01 | 0 days | 2,060 sqft |
| 2020-11-01 | 0 days | 2,001 sqft |
| 2020-12-01 | 0 days | 1,959 sqft |
| 2021-01-01 | 0 days | 1,915 sqft |
| 2021-02-01 | 0 days | 1,908 sqft |
| 2021-03-01 | 0 days | 1,904 sqft |
| 2021-04-01 | 0 days | 1,958 sqft |
| 2021-05-01 | 0 days | 2,016 sqft |
| 2021-06-01 | 0 days | 2,045 sqft |
| 2021-07-01 | 0 days | 1,966 sqft |
| 2021-08-01 | 0 days | 1,918 sqft |
| 2021-09-01 | 0 days | 1,950 sqft |
| 2021-10-01 | 0 days | 1,989 sqft |
| 2021-11-01 | 0 days | 1,988 sqft |
| 2021-12-01 | 0 days | 1,987 sqft |
| 2022-01-01 | 0 days | 1,888 sqft |
| 2022-02-01 | 0 days | 1,840 sqft |
| 2022-03-01 | 0 days | 1,926 sqft |
| 2022-04-01 | 0 days | 1,944 sqft |
| 2022-05-01 | 0 days | 1,970 sqft |
| 2022-06-01 | 0 days | 1,988 sqft |
| 2022-07-01 | 0 days | 2,026 sqft |
| 2022-08-01 | 0 days | 2,030 sqft |
| 2022-09-01 | 0 days | 2,014 sqft |
| 2022-10-01 | 0 days | 2,187 sqft |
| 2022-11-01 | 0 days | 2,146 sqft |
| 2022-12-01 | 0 days | 2,143 sqft |
| 2023-01-01 | 0 days | 2,178 sqft |
| 2023-02-01 | 0 days | 2,135 sqft |
| 2023-03-01 | 0 days | 2,251 sqft |
| 2023-04-01 | 0 days | 2,240 sqft |
| 2023-05-01 | 0 days | 2,150 sqft |
| 2023-06-01 | 0 days | 2,182 sqft |
| 2023-07-01 | 0 days | 2,184 sqft |
| 2023-08-01 | 0 days | 2,117 sqft |
| 2023-09-01 | 0 days | 2,016 sqft |
| 2023-10-01 | 0 days | 1,960 sqft |
| 2023-11-01 | 0 days | 1,984 sqft |
| 2023-12-01 | 0 days | 1,952 sqft |
| 2024-01-01 | 0 days | 1,975 sqft |
| 2024-02-01 | 0 days | 2,016 sqft |
| 2024-03-01 | 0 days | 2,179 sqft |
Manhattan's median square footage for active listings during the 2024-03-01 period was 2,179 sqft. One year prior, the average listing was 2,251 sqft.