Ottawa USDA Loan Rates, Closing Costs & Stats

Ottawa, 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.

Ottawa's 11 lenders originated 18 USDA loans during 2023. The total origination value was $3,410,000, with an average USDA loan value of $189,444.

Ottawa USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Ottawa averaged -0.13% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

Ottawa's average USDA mortgage closing costs are $3,837.

The average rate for the prior week (2024-11-22) was 6.67% and one month ago for the week of 2024-10-25, the average rate was 6.37%.

The average rate one year ago was 7.07%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.2%.

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

Ottawa 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 Ottawa level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
SUCCESS MORTGAGE PARTNERS, INC. 4 6.88% $5,161
The Central Trust Bank 3 6.25% $5,853
CALIBER HOME LOANS, INC. 2 6.75% $5,822
Great Southern Bank 1 5.99% $3,842
MID AMERICA MORTGAGE, INC. 1 6.63% $6,428
MOVEMENT MORTGAGE, LLC 1 7.75% $4,844
NEWREZ LLC 1 6.75% $3,682
SUN WEST MORTGAGE COMPANY, INC. 1 6.38% $7,781
United Fidelity Funding Corp. 1 7.00% $7,581
ENDEAVOR CAPITAL, LLC. 1 4.75% $5,655
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.25% $4,528

The top Ottawa USDA lender as defined by loan originations is SUCCESS MORTGAGE PARTNERS, INC., with 4 USDA loans originated. Their average total fees are $5,161, which is $691 lower than the next largest lender, The Central Trust Bank.

The lowest fee Ottawa USDA lenders (with over 10 loans originated) are .

The lowest rate Ottawa USDA lenders (with over 10 loans originated) are .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Ottawa (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 $137,500 (17.0%) $216,257 (23.7%) 0.00 70
2018-02-01 $137,475 (10.1%) $185,668 (0.4%) 0.00 66
2018-03-01 $139,750 (5.7%) $179,713 (-10.0%) 0.00 63
2018-04-01 $147,500 (2.3%) $187,838 (-9.7%) 0.00 58
2018-05-01 $169,000 (24.1%) $208,289 (9.1%) 0.00 64
2018-06-01 $172,000 (36.9%) $219,397 (2.4%) 0.00 71
2018-07-01 $169,938 (17.2%) $215,736 (-2.1%) 0.00 86
2018-08-01 $166,500 (15.8%) $209,636 (4.9%) 0.00 88
2018-09-01 $162,500 (12.1%) $205,700 (-6.3%) 0.00 101
2018-10-01 $165,000 (10.6%) $200,830 (-4.9%) 0.00 101
2018-11-01 $151,250 (1.5%) $196,373 (-18.6%) 0.00 102
2018-12-01 $163,450 (17.7%) $201,383 (-8.5%) 0.00 96
2019-01-01 $174,900 (27.2%) $231,691 (7.1%) 0.00 83
2019-02-01 $175,000 (27.3%) $210,814 (13.5%) 0.00 78
2019-03-01 $180,286 (29.0%) $215,099 (19.7%) 0.00 67
2019-04-01 $195,000 (32.2%) $230,098 (22.5%) 0.00 54
2019-05-01 $185,000 (9.5%) $229,447 (10.2%) 0.00 58
2019-06-01 $189,000 (9.9%) $247,331 (12.7%) 0.00 66
2019-07-01 $190,000 (11.8%) $236,276 (9.5%) 0.00 62
2019-08-01 $182,850 (9.8%) $238,273 (13.7%) 0.00 64
2019-09-01 $173,625 (6.9%) $231,174 (12.4%) 0.00 69
2019-10-01 $167,175 (1.3%) $226,441 (12.8%) 0.00 74
2019-11-01 $159,900 (5.7%) $219,277 (11.7%) 0.00 77
2019-12-01 $165,875 (1.5%) $219,044 (8.8%) 0.00 69
2020-01-01 $159,975 (-8.5%) $222,422 (-4.0%) 0.00 67
2020-02-01 $155,000 (-11.4%) $226,303 (7.4%) 0.00 61
2020-03-01 $180,450 (0.1%) $231,782 (7.8%) 0.00 58
2020-04-01 $203,463 (4.3%) $258,566 (12.4%) 0.00 54
2020-05-01 $227,000 (22.7%) $267,176 (16.4%) 0.00 46
2020-06-01 $177,725 (-6.0%) $291,207 (17.7%) 0.00 46
2020-07-01 $216,000 (13.7%) $365,817 (54.8%) 0.00 38
2020-08-01 $210,000 (14.9%) $366,543 (53.8%) 0.00 40
2020-09-01 $278,500 (60.4%) $392,959 (70.0%) 0.00 35
2020-10-01 $262,000 (56.7%) $341,913 (51.0%) 0.00 47
2020-11-01 $214,725 (34.3%) $314,985 (43.7%) 0.00 51
2020-12-01 $176,625 (6.5%) $292,785 (33.7%) 0.00 42
2021-01-01 $177,000 (10.6%) $298,010 (34.0%) 0.00 30
2021-02-01 $153,250 (-1.1%) $246,897 (9.1%) 0.00 34
2021-03-01 $150,500 (-16.6%) $240,593 (3.8%) 0.00 24
2021-04-01 $189,575 (-6.8%) $294,844 (14.0%) 0.00 20
2021-05-01 $165,000 (-27.3%) $275,515 (3.1%) 0.00 27
2021-06-01 $172,500 (-2.9%) $265,686 (-8.8%) 0.00 35
2021-07-01 $187,500 (-13.2%) $262,704 (-28.2%) 0.00 40
2021-08-01 $187,100 (-10.9%) $269,210 (-26.6%) 0.00 43
2021-09-01 $156,175 (-43.9%) $249,748 (-36.4%) 0.00 47
2021-10-01 $189,900 (-27.5%) $235,114 (-31.2%) 0.00 49
2021-11-01 $182,225 (-15.1%) $222,867 (-29.3%) 0.00 32
2021-12-01 $184,975 (4.7%) $245,790 (-16.1%) 0.00 34
2022-01-01 $219,450 (24.0%) $253,834 (-14.8%) 0.00 16
2022-02-01 $232,225 (51.5%) $269,689 (9.2%) 0.00 21
2022-03-01 $197,100 (31.0%) $254,649 (5.8%) 0.00 23
2022-04-01 $190,000 (0.2%) $287,181 (-2.6%) 0.00 20
2022-05-01 $191,250 (15.9%) $266,039 (-3.4%) 0.00 29
2022-06-01 $204,750 (18.7%) $285,478 (7.5%) 0.00 38
2022-07-01 $240,000 (28.0%) $301,986 (15.0%) 0.00 43
2022-08-01 $204,950 (9.5%) $286,193 (6.3%) 0.00 56
2022-09-01 $197,000 (26.1%) $272,642 (9.2%) 0.00 55
2022-10-01 $189,750 (-0.1%) $267,253 (13.7%) 0.00 50
2022-11-01 $219,125 (20.3%) $264,514 (18.7%) 0.00 53
2022-12-01 $222,500 (20.3%) $266,065 (8.3%) 0.00 47
2023-01-01 $228,000 (3.9%) $263,197 (3.7%) 0.00 39
2023-02-01 $224,600 (-3.3%) $261,787 (-2.9%) 0.00 39
2023-03-01 $224,200 (13.8%) $277,330 (8.9%) 0.00 30
2023-04-01 $248,700 (30.9%) $270,803 (-5.7%) 0.00 30
2023-05-01 $232,450 (21.5%) $270,094 (1.5%) 0.00 31
2023-06-01 $228,725 (11.7%) $288,369 (1.0%) 0.00 39
2023-07-01 $229,700 (-4.3%) $320,285 (6.1%) 0.00 38
2023-08-01 $234,475 (14.4%) $328,026 (14.6%) 0.00 51
2023-09-01 $232,250 (17.9%) $322,679 (18.4%) 0.00 51
2023-10-01 $290,988 (53.4%) $365,441 (36.7%) 0.00 55
2023-11-01 $259,550 (18.5%) $343,198 (29.8%) 0.00 55
2023-12-01 $277,000 (24.5%) $356,445 (34.0%) 0.00 48
2024-01-01 $305,875 (34.2%) $379,659 (44.3%) 0.00 40
2024-02-01 $299,500 (33.4%) $375,545 (43.5%) 0.00 41
2024-03-01 $271,600 (21.1%) $375,674 (35.5%) 0.00 37
2024-04-01 $263,300 (5.9%) $352,025 (30.0%) 0.00 37
2024-05-01 $233,750 (0.6%) $330,516 (22.4%) 0.00 41
2024-06-01 $275,000 (20.2%) $304,353 (5.5%) 0.00 41
2024-07-01 $278,375 (21.2%) $292,161 (-8.8%) 0.00 37
2024-08-01 $279,900 (19.4%) $311,294 (-5.1%) 0.00 37
2024-09-01 $262,338 (13.0%) $283,207 (-12.2%) 0.00 43
2024-10-01 $270,500 (-7.0%) $285,398 (-21.9%) 0.00 45
Ottawa's median listing price for 2024-10-01 was $270,500, a difference of $-20,488 (-7.0%) versus the prior year and $8,162 versus the prior month.

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

Ottawa's average listing price for 2024-10-01 was $285,398, a difference of $-80,043 (-21.9%) versus the prior year and $2,191 versus the prior month.

For the 2024-10-01 period, Ottawa had 45 MLS listings, a difference of 2 listings (5%) versus the prior month and -10 listings (-18%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Ottawa (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,702 sqft
2018-02-01 0 days 1,666 sqft
2018-03-01 0 days 1,720 sqft
2018-04-01 0 days 1,647 sqft
2018-05-01 0 days 1,696 sqft
2018-06-01 0 days 1,692 sqft
2018-07-01 0 days 1,686 sqft
2018-08-01 0 days 1,559 sqft
2018-09-01 0 days 1,642 sqft
2018-10-01 0 days 1,537 sqft
2018-11-01 0 days 1,505 sqft
2018-12-01 0 days 1,676 sqft
2019-01-01 0 days 1,754 sqft
2019-02-01 0 days 1,825 sqft
2019-03-01 0 days 1,798 sqft
2019-04-01 0 days 1,814 sqft
2019-05-01 0 days 1,827 sqft
2019-06-01 0 days 1,659 sqft
2019-07-01 0 days 1,598 sqft
2019-08-01 0 days 1,598 sqft
2019-09-01 0 days 1,583 sqft
2019-10-01 0 days 1,594 sqft
2019-11-01 0 days 1,613 sqft
2019-12-01 0 days 1,654 sqft
2020-01-01 0 days 1,587 sqft
2020-02-01 0 days 1,638 sqft
2020-03-01 0 days 1,712 sqft
2020-04-01 0 days 1,786 sqft
2020-05-01 0 days 1,728 sqft
2020-06-01 0 days 1,691 sqft
2020-07-01 0 days 1,732 sqft
2020-08-01 0 days 1,745 sqft
2020-09-01 0 days 1,863 sqft
2020-10-01 0 days 1,836 sqft
2020-11-01 0 days 1,856 sqft
2020-12-01 0 days 1,791 sqft
2021-01-01 0 days 1,680 sqft
2021-02-01 0 days 1,688 sqft
2021-03-01 0 days 1,450 sqft
2021-04-01 0 days 1,625 sqft
2021-05-01 0 days 1,625 sqft
2021-06-01 0 days 1,521 sqft
2021-07-01 0 days 1,603 sqft
2021-08-01 0 days 1,557 sqft
2021-09-01 0 days 1,446 sqft
2021-10-01 0 days 1,508 sqft
2021-11-01 0 days 1,524 sqft
2021-12-01 0 days 1,392 sqft
2022-01-01 0 days 1,300 sqft
2022-02-01 0 days 1,329 sqft
2022-03-01 0 days 1,487 sqft
2022-04-01 0 days 1,504 sqft
2022-05-01 0 days 1,407 sqft
2022-06-01 0 days 1,559 sqft
2022-07-01 0 days 1,656 sqft
2022-08-01 0 days 1,414 sqft
2022-09-01 0 days 1,405 sqft
2022-10-01 0 days 1,428 sqft
2022-11-01 0 days 1,523 sqft
2022-12-01 0 days 1,560 sqft
2023-01-01 0 days 1,528 sqft
2023-02-01 0 days 1,447 sqft
2023-03-01 0 days 1,575 sqft
2023-04-01 0 days 1,536 sqft
2023-05-01 0 days 1,886 sqft
2023-06-01 0 days 1,628 sqft
2023-07-01 0 days 1,828 sqft
2023-08-01 0 days 1,790 sqft
2023-09-01 0 days 1,792 sqft
2023-10-01 0 days 1,848 sqft
2023-11-01 0 days 1,844 sqft
2023-12-01 0 days 1,846 sqft
2024-01-01 0 days 1,807 sqft
2024-02-01 0 days 1,872 sqft
2024-03-01 0 days 1,874 sqft
2024-04-01 0 days 1,919 sqft
2024-05-01 0 days 1,791 sqft
2024-06-01 0 days 1,520 sqft
2024-07-01 0 days 1,553 sqft
2024-08-01 0 days 1,760 sqft
2024-09-01 0 days 1,641 sqft
2024-10-01 0 days 1,717 sqft
Ottawa's median listing age (time on market) for 2024-10-01 was 0 days.

Ottawa's median square footage for active listings during the 2024-10-01 period was 1,717 sqft. One year prior, the average listing was 1,848 sqft.