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 13 USDA loans during 2024. The total origination value was $2,295,000, with an average USDA loan value of $176,538.

Ottawa USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Ottawa averaged 0.35% for the week of 2025-07-04, compared to the national average (all USDA variants) of 0% for the same period.

Ottawa's average USDA mortgage closing costs are $3,990.

The average rate for the prior week (2025-06-27) was 6.58% and one month ago for the week of 2025-05-30, the average rate was 6.57%.

The average rate one year ago was 7.16%.

For refis of the same type during the week of 2025-07-04, the average rate was -0.1%.

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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
NEWREZ LLC 3 6.25% $6,690
ENDEAVOR CAPITAL, LLC. 1 6.87% $5,524
FLAT BRANCH MORTGAGE, INC. 1 6.25% $4,990
GUILD MORTGAGE COMPANY 1 5.63% $4,759
Landmark National Bank 1 7.13% $4,081
LEADERONE FINANCIAL CORPORATION 1 6.62% $7,348
MOVEMENT MORTGAGE, LLC 1 6.13% $6,011
Stride Bank 1 5.63% $5,392
SUCCESS MORTGAGE PARTNERS, INC. 1 6.63% $7,109
COMMUNITYAMERICA 1 5.63% $11,992
UNION HOME MORTGAGE CORP. 1 7.00% $4,409

The top Ottawa USDA lender as defined by loan originations is NEWREZ LLC, with 3 USDA loans originated. Their average total fees are $6,690, which is $1,165 higher than the next largest lender, ENDEAVOR CAPITAL, LLC..

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

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