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 6.58% for the week of 2024-07-05, compared to the national average (all USDA variants) of 6.738% for the same period.

Manhattan's average USDA mortgage closing costs are $3,935.

The average rate for the prior week (2024-06-28) was 6.66% and one month ago for the week of 2024-05-31, the average rate was 6.62%.

The average rate one year ago was 6.5%.

For refis of the same type during the week of 2024-07-05, the average rate was 6.64%.

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

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
2024-04-01 $288,750 (6.9%) $327,867 (3.8%) 0.00 245
2024-05-01 $285,000 (2.4%) $337,623 (7.7%) 0.00 256
2024-06-01 $274,500 (-1.3%) $321,275 (4.9%) 0.00 287
Manhattan's median listing price for 2024-06-01 was $274,500, a difference of $-3,500 (-1.3%) versus the prior year and $-10,500 versus the prior month.

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

Manhattan's average listing price for 2024-06-01 was $321,275, a difference of $14,994 (4.9%) versus the prior year and $-16,348 versus the prior month.

For the 2024-06-01 period, Manhattan had 287 MLS listings, a difference of 31 listings (12%) versus the prior month and 46 listings (19%) 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
2024-04-01 0 days 2,201 sqft
2024-05-01 0 days 2,228 sqft
2024-06-01 0 days 2,168 sqft
Manhattan's median listing age (time on market) for 2024-06-01 was 0 days.

Manhattan's median square footage for active listings during the 2024-06-01 period was 2,168 sqft. One year prior, the average listing was 2,182 sqft.