Ottawa USDA Loan Rates, Closing Costs & Stats

Ottawa, KS

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 7.03% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.99% and one month ago for the week of 2024-03-15, the average rate was 6.67%.

    The average rate one year ago was 6.21%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.66%.

    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
    Ottawa's median listing price for 2024-03-01 was $271,600, a difference of $47,400 (21.1%) versus the prior year and $-27,900 versus the prior month.

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

    Ottawa's average listing price for 2024-03-01 was $375,674, a difference of $98,344 (35.5%) versus the prior year and $129 versus the prior month.

    For the 2024-03-01 period, Ottawa had 37 MLS listings, a difference of -4 listings (-10%) versus the prior month and 7 listings (23%) 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
    Ottawa's median listing age (time on market) for 2024-03-01 was 0 days.

    Ottawa's median square footage for active listings during the 2024-03-01 period was 1,874 sqft. One year prior, the average listing was 1,575 sqft.