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%.
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. LouisDate | 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 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. LouisDate | 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 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.