Parsons USDA Loan Rates, Closing Costs & Stats

Parsons, 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.

    Parsons's 7 lenders originated 22 USDA loans during 2023. The total origination value was $2,060,000, with an average USDA loan value of $93,636.

    Parsons USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Parsons averaged 6.75% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

    Parsons's average USDA mortgage closing costs are $3,781.

    The average rate for the prior week (2024-11-01) was 6.32% and one month ago for the week of 2024-10-04, the average rate was 6.05%.

    The average rate one year ago was 7.68%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.68%.

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

    Parsons 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 Parsons level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 13 7.00% $4,656
    Sierra Pacific Mortgage Company, Inc. 4 7.25% $4,426
    Community National Bank & Trust 1 6.38% $4,585
    Members Mortgage Services, L.L.C. 1 7.00% $3,065
    Springfield First Community Bank 1 7.13% $3,895
    LEADERONE FINANCIAL CORPORATION 1 6.75% $6,080
    EVERETT FINANCIAL, INC. 1 7.63% $4,222

    The top Parsons USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 13 USDA loans originated. Their average total fees are $4,656, which is $230 higher than the next largest lender, Sierra Pacific Mortgage Company, Inc..

    The lowest fee Parsons USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($4,656), .

    The lowest rate Parsons USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (7.00%), .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Parsons (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 $60,475 (-7.0%) $80,767 (-23.0%) 0.00 117
    2018-02-01 $56,525 (-9.7%) $80,073 (-20.1%) 0.00 110
    2018-03-01 $59,950 (-7.3%) $83,413 (-20.7%) 0.00 109
    2018-04-01 $67,950 (4.5%) $90,417 (-16.6%) 0.00 111
    2018-05-01 $69,125 (1.3%) $89,493 (-18.6%) 0.00 115
    2018-06-01 $72,900 (8.8%) $94,062 (8.6%) 0.00 115
    2018-07-01 $60,000 (-8.8%) $86,719 (2.0%) 0.00 117
    2018-08-01 $59,925 (-7.7%) $81,660 (-3.2%) 0.00 117
    2018-09-01 $59,700 (-6.3%) $77,464 (-7.4%) 0.00 116
    2018-10-01 $58,375 (-8.4%) $79,308 (-3.7%) 0.00 112
    2018-11-01 $59,900 (-6.8%) $87,450 (7.1%) 0.00 116
    2018-12-01 $59,900 (-3.8%) $90,973 (12.5%) 0.00 109
    2019-01-01 $59,900 (-1.0%) $93,095 (15.3%) 0.00 103
    2019-02-01 $59,950 (6.1%) $97,993 (22.4%) 0.00 95
    2019-03-01 $59,943 (0.0%) $101,662 (21.9%) 0.00 89
    2019-04-01 $59,968 (-11.8%) $103,386 (14.3%) 0.00 83
    2019-05-01 $59,950 (-13.3%) $99,078 (10.7%) 0.00 79
    2019-06-01 $59,900 (-17.8%) $96,999 (3.1%) 0.00 76
    2019-07-01 $61,200 (2.0%) $94,470 (8.9%) 0.00 70
    2019-08-01 $64,518 (7.7%) $95,577 (17.0%) 0.00 68
    2019-09-01 $61,920 (3.7%) $95,187 (22.9%) 0.00 73
    2019-10-01 $62,364 (6.8%) $96,077 (21.1%) 0.00 74
    2019-11-01 $79,500 (32.7%) $98,367 (12.5%) 0.00 75
    2019-12-01 $77,200 (28.9%) $95,148 (4.6%) 0.00 72
    2020-01-01 $76,150 (27.1%) $103,329 (11.0%) 0.00 65
    2020-02-01 $79,000 (31.8%) $105,402 (7.6%) 0.00 67
    2020-03-01 $74,925 (25.0%) $107,244 (5.5%) 0.00 65
    2020-04-01 $65,350 (9.0%) $107,794 (4.3%) 0.00 61
    2020-05-01 $71,500 (19.3%) $107,796 (8.8%) 0.00 56
    2020-06-01 $76,200 (27.2%) $116,482 (20.1%) 0.00 51
    2020-07-01 $75,000 (22.6%) $120,552 (27.6%) 0.00 49
    2020-08-01 $77,450 (20.0%) $128,510 (34.5%) 0.00 42
    2020-09-01 $79,175 (27.9%) $121,153 (27.3%) 0.00 38
    2020-10-01 $69,900 (12.1%) $112,467 (17.1%) 0.00 41
    2020-11-01 $65,525 (-17.6%) $104,697 (6.4%) 0.00 44
    2020-12-01 $60,500 (-21.6%) $96,983 (1.9%) 0.00 46
    2021-01-01 $61,250 (-19.6%) $114,132 (10.5%) 0.00 38
    2021-02-01 $63,500 (-19.6%) $117,648 (11.6%) 0.00 38
    2021-03-01 $59,950 (-20.0%) $115,950 (8.1%) 0.00 40
    2021-04-01 $59,750 (-8.6%) $112,709 (4.6%) 0.00 32
    2021-05-01 $59,900 (-16.2%) $91,441 (-15.2%) 0.00 27
    2021-06-01 $57,175 (-25.0%) $89,009 (-23.6%) 0.00 29
    2021-07-01 $56,700 (-24.4%) $92,585 (-23.2%) 0.00 43
    2021-08-01 $56,700 (-26.8%) $86,669 (-32.6%) 0.00 50
    2021-09-01 $54,900 (-30.7%) $116,563 (-3.8%) 0.00 52
    2021-10-01 $57,950 (-17.1%) $133,185 (18.4%) 0.00 50
    2021-11-01 $67,950 (3.7%) $146,235 (39.7%) 0.00 52
    2021-12-01 $83,725 (38.4%) $161,989 (67.0%) 0.00 54
    2022-01-01 $79,700 (30.1%) $157,365 (37.9%) 0.00 41
    2022-02-01 $95,000 (49.6%) $153,883 (30.8%) 0.00 32
    2022-03-01 $104,250 (73.9%) $145,496 (25.5%) 0.00 29
    2022-04-01 $99,950 (67.3%) $148,404 (31.7%) 0.00 32
    2022-05-01 $95,600 (59.6%) $142,198 (55.5%) 0.00 38
    2022-06-01 $92,200 (61.3%) $146,284 (64.4%) 0.00 36
    2022-07-01 $99,900 (76.2%) $141,700 (53.1%) 0.00 47
    2022-08-01 $96,625 (70.4%) $143,503 (65.6%) 0.00 50
    2022-09-01 $94,225 (71.6%) $144,532 (24.0%) 0.00 52
    2022-10-01 $86,250 (48.8%) $136,467 (2.5%) 0.00 49
    2022-11-01 $95,900 (41.1%) $144,503 (-1.2%) 0.00 43
    2022-12-01 $96,000 (14.7%) $148,985 (-8.0%) 0.00 35
    2023-01-01 $104,200 (30.7%) $159,682 (1.5%) 0.00 36
    2023-02-01 $104,175 (9.7%) $156,556 (1.7%) 0.00 37
    2023-03-01 $102,950 (-1.3%) $135,653 (-6.8%) 0.00 31
    2023-04-01 $128,500 (28.6%) $154,353 (4.0%) 0.00 32
    2023-05-01 $99,900 (4.5%) $128,988 (-9.3%) 0.00 26
    2023-06-01 $99,900 (8.4%) $121,864 (-16.7%) 0.00 28
    2023-07-01 $85,000 (-14.9%) $117,863 (-16.8%) 0.00 29
    2023-08-01 $115,000 (19.0%) $133,626 (-6.9%) 0.00 32
    2023-09-01 $115,000 (22.1%) $148,894 (3.0%) 0.00 41
    2023-10-01 $107,500 (24.6%) $145,338 (6.5%) 0.00 43
    2023-11-01 $84,250 (-12.2%) $128,549 (-11.0%) 0.00 47
    2023-12-01 $92,750 (-3.4%) $136,134 (-8.6%) 0.00 47
    2024-01-01 $97,100 (-6.8%) $146,601 (-8.2%) 0.00 42
    2024-02-01 $90,250 (-13.4%) $140,324 (-10.4%) 0.00 41
    2024-03-01 $99,000 (-3.8%) $151,994 (12.1%) 0.00 41
    2024-04-01 $118,000 (-8.2%) $180,771 (17.1%) 0.00 47
    2024-05-01 $128,000 (28.1%) $187,751 (45.6%) 0.00 46
    2024-06-01 $159,100 (59.3%) $196,189 (61.0%) 0.00 45
    2024-07-01 $146,450 (72.3%) $192,047 (62.9%) 0.00 48
    2024-08-01 $150,000 (30.4%) $189,668 (41.9%) 0.00 63
    2024-09-01 $148,500 (29.1%) $188,857 (26.8%) 0.00 68
    2024-10-01 $157,875 (46.9%) $192,689 (32.6%) 0.00 73
    Parsons's median listing price for 2024-10-01 was $157,875, a difference of $50,375 (46.9%) versus the prior year and $9,375 versus the prior month.

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

    Parsons's average listing price for 2024-10-01 was $192,689, a difference of $47,351 (32.6%) versus the prior year and $3,832 versus the prior month.

    For the 2024-10-01 period, Parsons had 73 MLS listings, a difference of 5 listings (7%) versus the prior month and 30 listings (70%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Parsons (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,572 sqft
    2018-02-01 0 days 1,428 sqft
    2018-03-01 0 days 1,512 sqft
    2018-04-01 0 days 1,578 sqft
    2018-05-01 0 days 1,579 sqft
    2018-06-01 0 days 1,587 sqft
    2018-07-01 0 days 1,562 sqft
    2018-08-01 0 days 1,566 sqft
    2018-09-01 0 days 1,524 sqft
    2018-10-01 0 days 1,537 sqft
    2018-11-01 0 days 1,609 sqft
    2018-12-01 0 days 1,660 sqft
    2019-01-01 0 days 1,671 sqft
    2019-02-01 0 days 1,696 sqft
    2019-03-01 0 days 1,696 sqft
    2019-04-01 0 days 1,680 sqft
    2019-05-01 0 days 1,630 sqft
    2019-06-01 0 days 1,627 sqft
    2019-07-01 0 days 1,592 sqft
    2019-08-01 0 days 1,623 sqft
    2019-09-01 0 days 1,614 sqft
    2019-10-01 0 days 1,600 sqft
    2019-11-01 0 days 1,612 sqft
    2019-12-01 0 days 1,579 sqft
    2020-01-01 0 days 1,595 sqft
    2020-02-01 0 days 1,596 sqft
    2020-03-01 0 days 1,609 sqft
    2020-04-01 0 days 1,609 sqft
    2020-05-01 0 days 1,628 sqft
    2020-06-01 0 days 1,751 sqft
    2020-07-01 0 days 1,539 sqft
    2020-08-01 0 days 1,581 sqft
    2020-09-01 0 days 1,729 sqft
    2020-10-01 0 days 1,400 sqft
    2020-11-01 0 days 1,363 sqft
    2020-12-01 0 days 1,333 sqft
    2021-01-01 0 days 1,347 sqft
    2021-02-01 0 days 1,318 sqft
    2021-03-01 0 days 1,365 sqft
    2021-04-01 0 days 1,306 sqft
    2021-05-01 0 days 1,740 sqft
    2021-06-01 0 days 1,426 sqft
    2021-07-01 0 days 1,231 sqft
    2021-08-01 0 days 1,200 sqft
    2021-09-01 0 days 1,205 sqft
    2021-10-01 0 days 1,272 sqft
    2021-11-01 0 days 1,428 sqft
    2021-12-01 0 days 1,601 sqft
    2022-01-01 0 days 1,552 sqft
    2022-02-01 0 days 1,640 sqft
    2022-03-01 0 days 1,686 sqft
    2022-04-01 0 days 1,562 sqft
    2022-05-01 0 days 1,648 sqft
    2022-06-01 0 days 1,429 sqft
    2022-07-01 0 days 1,394 sqft
    2022-08-01 0 days 1,413 sqft
    2022-09-01 0 days 1,472 sqft
    2022-10-01 0 days 1,394 sqft
    2022-11-01 0 days 1,398 sqft
    2022-12-01 0 days 1,394 sqft
    2023-01-01 0 days 1,422 sqft
    2023-02-01 0 days 1,608 sqft
    2023-03-01 0 days 1,881 sqft
    2023-04-01 0 days 2,046 sqft
    2023-05-01 0 days 1,518 sqft
    2023-06-01 0 days 1,511 sqft
    2023-07-01 0 days 1,427 sqft
    2023-08-01 0 days 1,474 sqft
    2023-09-01 0 days 1,608 sqft
    2023-10-01 0 days 1,451 sqft
    2023-11-01 0 days 1,397 sqft
    2023-12-01 0 days 1,534 sqft
    2024-01-01 0 days 1,536 sqft
    2024-02-01 0 days 1,444 sqft
    2024-03-01 0 days 1,400 sqft
    2024-04-01 0 days 1,656 sqft
    2024-05-01 0 days 1,737 sqft
    2024-06-01 0 days 1,748 sqft
    2024-07-01 0 days 1,750 sqft
    2024-08-01 0 days 1,731 sqft
    2024-09-01 0 days 1,678 sqft
    2024-10-01 0 days 1,721 sqft
    Parsons's median listing age (time on market) for 2024-10-01 was 0 days.

    Parsons's median square footage for active listings during the 2024-10-01 period was 1,721 sqft. One year prior, the average listing was 1,451 sqft.