Mcpherson USDA Loan Rates, Closing Costs & Stats

McPherson, 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.

    Mcpherson's 6 lenders originated 30 USDA loans during 2023. The total origination value was $4,820,000, with an average USDA loan value of $160,667.

    Mcpherson USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Mcpherson averaged 0.38% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Mcpherson's average USDA mortgage closing costs are $3,707.

    The average rate for the prior week (2024-11-08) was 6.63% and one month ago for the week of 2024-10-11, the average rate was 6.29%.

    The average rate one year ago was 7.62%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.1%.

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

    Mcpherson 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 Mcpherson level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 14 6.96% $6,503
    Gateway First Bank 9 6.82% $2,538
    ACADEMY MORTGAGE CORPORATION 1 7.25% $4,851
    HOMESIDE FINANCIAL, LLC 1 6.75% $3,002
    NEWREZ LLC 1 6.25% $6,174
    Plains Commerce Bank 1 6.13% $4,489

    The top Mcpherson USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 14 USDA loans originated. Their average total fees are $6,503, which is $3,965 higher than the next largest lender, Gateway First Bank.

    The lowest fee Mcpherson USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($6,503), .

    The lowest rate Mcpherson USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (6.96%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Mcpherson (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 $148,950 (-0.7%) $183,503 (6.0%) 0.00 127
    2018-02-01 $148,800 (-4.6%) $182,804 (1.9%) 0.00 135
    2018-03-01 $149,900 (-4.5%) $181,451 (3.7%) 0.00 139
    2018-04-01 $159,175 (-0.5%) $192,327 (9.2%) 0.00 134
    2018-05-01 $166,200 (2.8%) $194,421 (6.4%) 0.00 140
    2018-06-01 $159,900 (-4.5%) $194,724 (1.3%) 0.00 144
    2018-07-01 $164,875 (-1.3%) $194,171 (0.5%) 0.00 147
    2018-08-01 $161,100 (-2.3%) $191,207 (0.9%) 0.00 152
    2018-09-01 $159,900 (4.6%) $187,479 (2.3%) 0.00 159
    2018-10-01 $156,700 (2.6%) $183,892 (1.6%) 0.00 146
    2018-11-01 $157,800 (6.1%) $187,222 (2.3%) 0.00 143
    2018-12-01 $159,900 (12.3%) $192,702 (8.5%) 0.00 132
    2019-01-01 $159,900 (7.4%) $195,709 (6.7%) 0.00 135
    2019-02-01 $159,000 (6.9%) $199,316 (9.0%) 0.00 135
    2019-03-01 $158,529 (5.8%) $195,619 (7.8%) 0.00 131
    2019-04-01 $157,979 (-0.8%) $194,828 (1.3%) 0.00 122
    2019-05-01 $165,663 (-0.3%) $202,745 (4.3%) 0.00 131
    2019-06-01 $165,600 (3.6%) $192,222 (-1.3%) 0.00 134
    2019-07-01 $180,675 (9.6%) $200,590 (3.3%) 0.00 139
    2019-08-01 $182,595 (13.3%) $213,406 (11.6%) 0.00 128
    2019-09-01 $179,139 (12.0%) $212,261 (13.2%) 0.00 122
    2019-10-01 $176,834 (12.9%) $211,497 (15.0%) 0.00 116
    2019-11-01 $179,900 (14.0%) $214,850 (14.8%) 0.00 103
    2019-12-01 $173,650 (8.6%) $212,718 (10.4%) 0.00 106
    2020-01-01 $169,900 (6.3%) $199,465 (1.9%) 0.00 108
    2020-02-01 $177,450 (11.6%) $202,583 (1.6%) 0.00 100
    2020-03-01 $156,500 (-1.3%) $190,056 (-2.8%) 0.00 101
    2020-04-01 $159,900 (1.2%) $191,740 (-1.6%) 0.00 102
    2020-05-01 $164,900 (-0.5%) $200,412 (-1.2%) 0.00 103
    2020-06-01 $165,150 (-0.3%) $206,234 (7.3%) 0.00 93
    2020-07-01 $182,125 (0.8%) $214,534 (7.0%) 0.00 87
    2020-08-01 $176,000 (-3.6%) $211,351 (-1.0%) 0.00 80
    2020-09-01 $189,900 (6.0%) $221,465 (4.3%) 0.00 70
    2020-10-01 $187,450 (6.0%) $225,483 (6.6%) 0.00 65
    2020-11-01 $183,675 (2.1%) $222,671 (3.6%) 0.00 64
    2020-12-01 $194,500 (12.0%) $234,805 (10.4%) 0.00 58
    2021-01-01 $219,900 (29.4%) $249,753 (25.2%) 0.00 52
    2021-02-01 $206,925 (16.6%) $247,157 (22.0%) 0.00 46
    2021-03-01 $192,250 (22.8%) $228,243 (20.1%) 0.00 42
    2021-04-01 $213,950 (33.8%) $251,503 (31.2%) 0.00 32
    2021-05-01 $172,400 (4.6%) $223,475 (11.5%) 0.00 37
    2021-06-01 $173,675 (5.2%) $224,008 (8.6%) 0.00 39
    2021-07-01 $156,400 (-14.1%) $205,282 (-4.3%) 0.00 45
    2021-08-01 $151,950 (-13.7%) $176,127 (-16.7%) 0.00 42
    2021-09-01 $146,150 (-23.0%) $173,516 (-21.7%) 0.00 37
    2021-10-01 $142,000 (-24.3%) $185,489 (-17.7%) 0.00 38
    2021-11-01 $144,475 (-21.3%) $189,542 (-14.9%) 0.00 33
    2021-12-01 $147,450 (-24.2%) $190,084 (-19.1%) 0.00 29
    2022-01-01 $163,000 (-25.9%) $200,129 (-19.9%) 0.00 26
    2022-02-01 $201,950 (-2.4%) $217,874 (-11.9%) 0.00 26
    2022-03-01 $224,900 (17.0%) $225,617 (-1.2%) 0.00 25
    2022-04-01 $189,000 (-11.7%) $226,877 (-9.8%) 0.00 20
    2022-05-01 $230,475 (33.7%) $232,636 (4.1%) 0.00 28
    2022-06-01 $172,450 (-0.7%) $209,811 (-6.3%) 0.00 24
    2022-07-01 $209,900 (34.2%) $209,935 (2.3%) 0.00 30
    2022-08-01 $191,875 (26.3%) $216,588 (23.0%) 0.00 35
    2022-09-01 $195,000 (33.4%) $213,348 (23.0%) 0.00 41
    2022-10-01 $207,000 (45.8%) $240,884 (29.9%) 0.00 47
    2022-11-01 $200,350 (38.7%) $264,000 (39.3%) 0.00 45
    2022-12-01 $201,300 (36.5%) $272,078 (43.1%) 0.00 43
    2023-01-01 $199,950 (22.7%) $252,781 (26.3%) 0.00 38
    2023-02-01 $205,950 (2.0%) $248,239 (13.9%) 0.00 33
    2023-03-01 $202,225 (-10.1%) $235,767 (4.5%) 0.00 33
    2023-04-01 $201,300 (6.5%) $248,479 (9.5%) 0.00 33
    2023-05-01 $201,525 (-12.6%) $259,189 (11.4%) 0.00 38
    2023-06-01 $209,825 (21.7%) $242,141 (15.4%) 0.00 52
    2023-07-01 $199,900 (-4.8%) $234,623 (11.8%) 0.00 55
    2023-08-01 $225,025 (17.3%) $253,160 (16.9%) 0.00 52
    2023-09-01 $228,750 (17.3%) $261,311 (22.5%) 0.00 53
    2023-10-01 $225,000 (8.7%) $265,911 (10.4%) 0.00 51
    2023-11-01 $225,000 (12.3%) $267,172 (1.2%) 0.00 50
    2023-12-01 $219,950 (9.3%) $257,466 (-5.4%) 0.00 44
    2024-01-01 $239,725 (19.9%) $260,824 (3.2%) 0.00 46
    2024-02-01 $237,725 (15.4%) $254,751 (2.6%) 0.00 47
    2024-03-01 $248,450 (22.9%) $278,421 (18.1%) 0.00 47
    2024-04-01 $239,125 (18.8%) $262,029 (5.5%) 0.00 58
    2024-05-01 $239,600 (18.9%) $270,355 (4.3%) 0.00 67
    2024-06-01 $235,000 (12.0%) $268,620 (10.9%) 0.00 77
    2024-07-01 $229,225 (14.7%) $266,730 (13.7%) 0.00 78
    2024-08-01 $225,000 (0.0%) $276,544 (9.2%) 0.00 81
    2024-09-01 $251,175 (9.8%) $284,983 (9.1%) 0.00 85
    2024-10-01 $257,345 (14.4%) $273,927 (3.0%) 0.00 81
    Mcpherson's median listing price for 2024-10-01 was $257,345, a difference of $32,345 (14.4%) versus the prior year and $6,170 versus the prior month.

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

    Mcpherson's average listing price for 2024-10-01 was $273,927, a difference of $8,016 (3.0%) versus the prior year and $-11,056 versus the prior month.

    For the 2024-10-01 period, Mcpherson had 81 MLS listings, a difference of -4 listings (-5%) versus the prior month and 30 listings (59%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Mcpherson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,898 sqft
    2018-02-01 0 days 1,957 sqft
    2018-03-01 0 days 1,975 sqft
    2018-04-01 0 days 2,031 sqft
    2018-05-01 0 days 2,064 sqft
    2018-06-01 0 days 2,034 sqft
    2018-07-01 0 days 2,057 sqft
    2018-08-01 0 days 2,024 sqft
    2018-09-01 0 days 2,070 sqft
    2018-10-01 0 days 2,030 sqft
    2018-11-01 0 days 2,077 sqft
    2018-12-01 0 days 2,116 sqft
    2019-01-01 0 days 2,204 sqft
    2019-02-01 0 days 2,034 sqft
    2019-03-01 0 days 1,971 sqft
    2019-04-01 0 days 1,947 sqft
    2019-05-01 0 days 1,954 sqft
    2019-06-01 0 days 1,890 sqft
    2019-07-01 0 days 1,931 sqft
    2019-08-01 0 days 1,963 sqft
    2019-09-01 0 days 1,987 sqft
    2019-10-01 0 days 2,002 sqft
    2019-11-01 0 days 2,235 sqft
    2019-12-01 0 days 2,176 sqft
    2020-01-01 0 days 2,022 sqft
    2020-02-01 0 days 2,142 sqft
    2020-03-01 0 days 2,077 sqft
    2020-04-01 0 days 2,048 sqft
    2020-05-01 0 days 1,953 sqft
    2020-06-01 0 days 2,009 sqft
    2020-07-01 0 days 2,174 sqft
    2020-08-01 0 days 2,132 sqft
    2020-09-01 0 days 2,221 sqft
    2020-10-01 0 days 2,250 sqft
    2020-11-01 0 days 2,164 sqft
    2020-12-01 0 days 2,293 sqft
    2021-01-01 0 days 2,392 sqft
    2021-02-01 0 days 2,349 sqft
    2021-03-01 0 days 2,217 sqft
    2021-04-01 0 days 2,429 sqft
    2021-05-01 0 days 1,984 sqft
    2021-06-01 0 days 1,935 sqft
    2021-07-01 0 days 1,800 sqft
    2021-08-01 0 days 1,656 sqft
    2021-09-01 0 days 1,578 sqft
    2021-10-01 0 days 1,774 sqft
    2021-11-01 0 days 1,756 sqft
    2021-12-01 0 days 1,635 sqft
    2022-01-01 0 days 1,520 sqft
    2022-02-01 0 days 1,520 sqft
    2022-03-01 0 days 1,587 sqft
    2022-04-01 0 days 2,092 sqft
    2022-05-01 0 days 2,258 sqft
    2022-06-01 0 days 1,958 sqft
    2022-07-01 0 days 2,180 sqft
    2022-08-01 0 days 2,198 sqft
    2022-09-01 0 days 2,094 sqft
    2022-10-01 0 days 2,191 sqft
    2022-11-01 0 days 2,147 sqft
    2022-12-01 0 days 2,004 sqft
    2023-01-01 0 days 2,018 sqft
    2023-02-01 0 days 1,899 sqft
    2023-03-01 0 days 1,670 sqft
    2023-04-01 0 days 1,656 sqft
    2023-05-01 0 days 1,652 sqft
    2023-06-01 0 days 1,774 sqft
    2023-07-01 0 days 1,883 sqft
    2023-08-01 0 days 1,979 sqft
    2023-09-01 0 days 2,232 sqft
    2023-10-01 0 days 2,103 sqft
    2023-11-01 0 days 1,837 sqft
    2023-12-01 0 days 1,674 sqft
    2024-01-01 0 days 1,809 sqft
    2024-02-01 0 days 1,793 sqft
    2024-03-01 0 days 1,926 sqft
    2024-04-01 0 days 1,890 sqft
    2024-05-01 0 days 1,922 sqft
    2024-06-01 0 days 1,936 sqft
    2024-07-01 0 days 1,965 sqft
    2024-08-01 0 days 1,861 sqft
    2024-09-01 0 days 1,915 sqft
    2024-10-01 0 days 1,891 sqft
    Mcpherson's median listing age (time on market) for 2024-10-01 was 0 days.

    Mcpherson's median square footage for active listings during the 2024-10-01 period was 1,891 sqft. One year prior, the average listing was 2,103 sqft.