Salina USDA Loan Rates, Closing Costs & Stats

Salina, 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.

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 0.03% for the week of 2024-11-29, compared to the national average (all USDA variants) of 0% for the same period.

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

The average rate for the prior week (2024-11-22) was 6.43% and one month ago for the week of 2024-10-25, the average rate was 6.13%.

The average rate one year ago was 7.13%.

For refis of the same type during the week of 2024-11-29, the average rate was -0.1%.

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
Salina's median listing price for 2024-10-01 was $209,500, a difference of $-19,875 (-8.7%) versus the prior year and $-7,000 versus the prior month.

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

Salina's average listing price for 2024-10-01 was $280,884, a difference of $-12,642 (-4.3%) versus the prior year and $-2,968 versus the prior month.

For the 2024-10-01 period, Salina had 105 MLS listings, a difference of -4 listings (-4%) versus the prior month and 14 listings (15%) 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
Salina's median listing age (time on market) for 2024-10-01 was 0 days.

Salina's median square footage for active listings during the 2024-10-01 period was 1,595 sqft. One year prior, the average listing was 1,606 sqft.