Manhattan USDA Loan Rates, Closing Costs & Stats

MANHATTAN, 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.

    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 6.35% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

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

    The average rate for the prior week (2024-12-06) was 6.18% and one month ago for the week of 2024-11-08, the average rate was 6.1%.

    The average rate one year ago was 6.47%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.4%.

    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%) 0.00 286
    2024-07-01 $272,200 (2.0%) $311,018 (3.1%) 0.00 296
    2024-08-01 $274,000 (4.9%) $303,653 (1.0%) 0.00 275
    2024-09-01 $277,500 (16.1%) $311,072 (8.7%) 0.00 277
    2024-10-01 $274,338 (23.4%) $310,914 (15.0%) 0.00 280
    2024-11-01 $274,950 (23.6%) $309,850 (14.1%) 0.00 265
    Manhattan's median listing price for 2024-11-01 was $274,950, a difference of $52,450 (23.6%) versus the prior year and $612 versus the prior month.

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

    Manhattan's average listing price for 2024-11-01 was $309,850, a difference of $38,340 (14.1%) versus the prior year and $-1,064 versus the prior month.

    For the 2024-11-01 period, Manhattan had 265 MLS listings, a difference of -15 listings (-5%) versus the prior month and -18 listings (-6%) 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 2,160 sqft
    2024-07-01 0 days 2,180 sqft
    2024-08-01 0 days 2,114 sqft
    2024-09-01 0 days 2,063 sqft
    2024-10-01 0 days 2,074 sqft
    2024-11-01 0 days 2,095 sqft
    Manhattan's median listing age (time on market) for 2024-11-01 was 0 days.

    Manhattan's median square footage for active listings during the 2024-11-01 period was 2,095 sqft. One year prior, the average listing was 1,984 sqft.