Salina USDA Loan Rates, Closing Costs & Stats

Salina, 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.

    Salina's 5 lenders originated 7 USDA loans during 2023. The total origination value was $1,205,000, with an average USDA loan value of $172,143.

    Salina USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Salina averaged 6.33% for the week of 2024-12-13, compared to the national average (all USDA variants) of 6.303% for the same period.

    Salina's average USDA mortgage closing costs are $4,764.

    The average rate for the prior week (2024-12-06) was 6.57% and one month ago for the week of 2024-11-08, the average rate was 6.38%.

    The average rate one year ago was 6.85%.

    For refis of the same type during the week of 2024-12-13, the average rate was 6.1%.

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

    Salina 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 Salina level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 2 7.38% $6,252
    PLANET HOME LENDING, LLC 2 6.75% $5,164
    Community National Bank & Trust 1 6.38% $6,144
    LEADERONE FINANCIAL CORPORATION 1 6.13% $8,150
    Mortgage Investment Services Corporation 1 6.75% $2,256

    The top Salina USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 2 USDA loans originated. Their average total fees are $6,252, which is $1,088 higher than the next largest lender, PLANET HOME LENDING, LLC.

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

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Salina (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 $135,700 (-8.8%) $181,666 (-7.5%) 0.00 155
    2018-02-01 $156,050 (5.8%) $192,050 (-3.7%) 0.00 158
    2018-03-01 $150,000 (0.0%) $191,661 (-3.4%) 0.00 152
    2018-04-01 $158,975 (9.6%) $198,116 (3.8%) 0.00 170
    2018-05-01 $159,475 (7.2%) $195,628 (3.4%) 0.00 172
    2018-06-01 $155,450 (0.5%) $188,693 (0.7%) 0.00 177
    2018-07-01 $148,225 (0.5%) $186,593 (0.1%) 0.00 183
    2018-08-01 $145,000 (0.3%) $180,570 (-1.3%) 0.00 184
    2018-09-01 $144,950 (0.0%) $183,899 (-0.1%) 0.00 181
    2018-10-01 $147,225 (0.7%) $190,138 (2.9%) 0.00 178
    2018-11-01 $151,925 (4.8%) $191,343 (6.2%) 0.00 179
    2018-12-01 $158,900 (14.3%) $190,077 (5.8%) 0.00 169
    2019-01-01 $158,975 (17.2%) $194,761 (7.2%) 0.00 150
    2019-02-01 $142,475 (-8.7%) $192,038 (0.0%) 0.00 145
    2019-03-01 $152,350 (1.6%) $196,240 (2.4%) 0.00 124
    2019-04-01 $171,975 (8.2%) $204,974 (3.5%) 0.00 118
    2019-05-01 $187,500 (17.6%) $223,260 (14.1%) 0.00 128
    2019-06-01 $169,900 (9.3%) $220,213 (16.7%) 0.00 133
    2019-07-01 $152,500 (2.9%) $192,972 (3.4%) 0.00 171
    2019-08-01 $147,209 (1.5%) $189,369 (4.9%) 0.00 174
    2019-09-01 $143,098 (-1.3%) $189,130 (2.8%) 0.00 176
    2019-10-01 $141,657 (-3.8%) $192,012 (1.0%) 0.00 179
    2019-11-01 $144,000 (-5.2%) $193,944 (1.4%) 0.00 150
    2019-12-01 $141,450 (-11.0%) $190,599 (0.3%) 0.00 148
    2020-01-01 $148,975 (-6.3%) $198,408 (1.9%) 0.00 137
    2020-02-01 $147,200 (3.3%) $196,186 (2.2%) 0.00 122
    2020-03-01 $150,900 (-1.0%) $205,358 (4.7%) 0.00 127
    2020-04-01 $149,450 (-13.1%) $206,276 (0.6%) 0.00 134
    2020-05-01 $147,450 (-21.4%) $196,203 (-12.1%) 0.00 116
    2020-06-01 $146,500 (-13.8%) $207,435 (-5.8%) 0.00 100
    2020-07-01 $140,100 (-8.1%) $208,335 (8.0%) 0.00 86
    2020-08-01 $145,000 (-1.5%) $217,040 (14.6%) 0.00 79
    2020-09-01 $134,825 (-5.8%) $206,100 (9.0%) 0.00 85
    2020-10-01 $122,500 (-13.5%) $189,729 (-1.2%) 0.00 80
    2020-11-01 $123,975 (-13.9%) $185,361 (-4.4%) 0.00 76
    2020-12-01 $114,000 (-19.4%) $185,550 (-2.7%) 0.00 70
    2021-01-01 $127,000 (-14.8%) $204,301 (3.0%) 0.00 63
    2021-02-01 $149,925 (1.9%) $223,160 (13.8%) 0.00 66
    2021-03-01 $147,975 (-1.9%) $211,608 (3.0%) 0.00 63
    2021-04-01 $124,850 (-16.5%) $176,610 (-14.4%) 0.00 59
    2021-05-01 $135,000 (-8.4%) $194,261 (-1.0%) 0.00 52
    2021-06-01 $141,500 (-3.4%) $207,628 (0.1%) 0.00 54
    2021-07-01 $139,900 (-0.1%) $254,439 (22.1%) 0.00 56
    2021-08-01 $126,950 (-12.5%) $240,075 (10.6%) 0.00 57
    2021-09-01 $129,700 (-3.8%) $226,816 (10.1%) 0.00 67
    2021-10-01 $136,000 (11.0%) $244,000 (28.6%) 0.00 58
    2021-11-01 $96,700 (-22.0%) $195,589 (5.5%) 0.00 73
    2021-12-01 $126,225 (10.7%) $233,275 (25.7%) 0.00 65
    2022-01-01 $109,000 (-14.2%) $241,870 (18.4%) 0.00 49
    2022-02-01 $91,000 (-39.3%) $247,586 (11.0%) 0.00 60
    2022-03-01 $98,725 (-33.3%) $235,072 (11.1%) 0.00 59
    2022-04-01 $142,000 (13.7%) $248,472 (40.7%) 0.00 66
    2022-05-01 $129,375 (-4.2%) $195,050 (0.4%) 0.00 66
    2022-06-01 $130,975 (-7.4%) $201,017 (-3.2%) 0.00 67
    2022-07-01 $192,450 (37.6%) $259,207 (1.9%) 0.00 66
    2022-08-01 $209,975 (65.4%) $290,672 (21.1%) 0.00 65
    2022-09-01 $172,200 (32.8%) $256,739 (13.2%) 0.00 70
    2022-10-01 $172,450 (26.8%) $243,934 (0.0%) 0.00 83
    2022-11-01 $180,000 (86.1%) $240,131 (22.8%) 0.00 87
    2022-12-01 $180,000 (42.6%) $225,168 (-3.5%) 0.00 71
    2023-01-01 $204,000 (87.2%) $254,868 (5.4%) 0.00 64
    2023-02-01 $179,250 (97.0%) $248,127 (0.2%) 0.00 65
    2023-03-01 $196,750 (99.3%) $279,166 (18.8%) 0.00 61
    2023-04-01 $204,000 (43.7%) $285,423 (14.9%) 0.00 64
    2023-05-01 $210,200 (62.5%) $304,068 (55.9%) 0.00 63
    2023-06-01 $218,350 (66.7%) $304,204 (51.3%) 0.00 68
    2023-07-01 $240,000 (24.7%) $310,823 (19.9%) 0.00 75
    2023-08-01 $233,625 (11.3%) $293,546 (1.0%) 0.00 87
    2023-09-01 $216,000 (25.4%) $286,404 (11.6%) 0.00 83
    2023-10-01 $229,375 (33.0%) $293,526 (20.3%) 0.00 91
    2023-11-01 $240,000 (33.3%) $281,454 (17.2%) 0.00 94
    2023-12-01 $230,000 (27.8%) $274,824 (22.1%) 0.00 93
    2024-01-01 $220,000 (7.8%) $275,770 (8.2%) 0.00 85
    2024-02-01 $205,750 (14.8%) $270,903 (9.2%) 0.00 69
    2024-03-01 $230,000 (16.9%) $248,481 (-11.0%) 0.00 72
    2024-04-01 $219,500 (7.6%) $275,933 (-3.3%) 0.00 69
    2024-05-01 $236,750 (12.6%) $275,682 (-9.3%) 0.00 69
    2024-06-01 $214,500 (-1.8%) $259,807 (-14.6%) 0.00 73
    2024-07-01 $217,250 (-9.5%) $276,552 (-11.0%) 0.00 98
    2024-08-01 $220,000 (-5.8%) $268,695 (-8.5%) 0.00 109
    2024-09-01 $216,500 (0.2%) $283,852 (-0.9%) 0.00 109
    2024-10-01 $209,500 (-8.7%) $280,884 (-4.3%) 0.00 105
    2024-11-01 $214,000 (-10.8%) $278,335 (-1.1%) 0.00 106
    Salina's median listing price for 2024-11-01 was $214,000, a difference of $-26,000 (-10.8%) versus the prior year and $4,500 versus the prior month.

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

    Salina's average listing price for 2024-11-01 was $278,335, a difference of $-3,119 (-1.1%) versus the prior year and $-2,549 versus the prior month.

    For the 2024-11-01 period, Salina had 106 MLS listings, a difference of 1 listings (1%) versus the prior month and 12 listings (13%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Salina (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,427 sqft
    2018-02-01 0 days 1,427 sqft
    2018-03-01 0 days 1,443 sqft
    2018-04-01 0 days 1,482 sqft
    2018-05-01 0 days 1,477 sqft
    2018-06-01 0 days 1,496 sqft
    2018-07-01 0 days 1,520 sqft
    2018-08-01 0 days 1,475 sqft
    2018-09-01 0 days 1,478 sqft
    2018-10-01 0 days 1,504 sqft
    2018-11-01 0 days 1,493 sqft
    2018-12-01 0 days 1,494 sqft
    2019-01-01 0 days 1,497 sqft
    2019-02-01 0 days 1,471 sqft
    2019-03-01 0 days 1,511 sqft
    2019-04-01 0 days 1,584 sqft
    2019-05-01 0 days 1,605 sqft
    2019-06-01 0 days 1,551 sqft
    2019-07-01 0 days 1,486 sqft
    2019-08-01 0 days 1,483 sqft
    2019-09-01 0 days 1,466 sqft
    2019-10-01 0 days 1,456 sqft
    2019-11-01 0 days 1,465 sqft
    2019-12-01 0 days 1,434 sqft
    2020-01-01 0 days 1,463 sqft
    2020-02-01 0 days 1,456 sqft
    2020-03-01 0 days 1,468 sqft
    2020-04-01 0 days 1,482 sqft
    2020-05-01 0 days 1,467 sqft
    2020-06-01 0 days 1,468 sqft
    2020-07-01 0 days 1,440 sqft
    2020-08-01 0 days 1,438 sqft
    2020-09-01 0 days 1,442 sqft
    2020-10-01 0 days 1,340 sqft
    2020-11-01 0 days 1,392 sqft
    2020-12-01 0 days 1,356 sqft
    2021-01-01 0 days 1,477 sqft
    2021-02-01 0 days 1,542 sqft
    2021-03-01 0 days 1,424 sqft
    2021-04-01 0 days 1,298 sqft
    2021-05-01 0 days 1,344 sqft
    2021-06-01 0 days 1,438 sqft
    2021-07-01 0 days 1,400 sqft
    2021-08-01 0 days 1,350 sqft
    2021-09-01 0 days 1,375 sqft
    2021-10-01 0 days 1,374 sqft
    2021-11-01 0 days 1,132 sqft
    2021-12-01 0 days 1,229 sqft
    2022-01-01 0 days 1,144 sqft
    2022-02-01 0 days 1,144 sqft
    2022-03-01 0 days 1,144 sqft
    2022-04-01 0 days 1,185 sqft
    2022-05-01 0 days 1,219 sqft
    2022-06-01 0 days 1,197 sqft
    2022-07-01 0 days 1,472 sqft
    2022-08-01 0 days 1,476 sqft
    2022-09-01 0 days 1,390 sqft
    2022-10-01 0 days 1,394 sqft
    2022-11-01 0 days 1,382 sqft
    2022-12-01 0 days 1,364 sqft
    2023-01-01 0 days 1,435 sqft
    2023-02-01 0 days 1,388 sqft
    2023-03-01 0 days 1,441 sqft
    2023-04-01 0 days 1,451 sqft
    2023-05-01 0 days 1,497 sqft
    2023-06-01 0 days 1,570 sqft
    2023-07-01 0 days 1,624 sqft
    2023-08-01 0 days 1,643 sqft
    2023-09-01 0 days 1,597 sqft
    2023-10-01 0 days 1,606 sqft
    2023-11-01 0 days 1,602 sqft
    2023-12-01 0 days 1,526 sqft
    2024-01-01 0 days 1,590 sqft
    2024-02-01 0 days 1,519 sqft
    2024-03-01 0 days 1,488 sqft
    2024-04-01 0 days 1,433 sqft
    2024-05-01 0 days 1,611 sqft
    2024-06-01 0 days 1,600 sqft
    2024-07-01 0 days 1,593 sqft
    2024-08-01 0 days 1,479 sqft
    2024-09-01 0 days 1,506 sqft
    2024-10-01 0 days 1,595 sqft
    2024-11-01 0 days 1,700 sqft
    Salina's median listing age (time on market) for 2024-11-01 was 0 days.

    Salina's median square footage for active listings during the 2024-11-01 period was 1,700 sqft. One year prior, the average listing was 1,602 sqft.