Topeka USDA Loan Rates, Closing Costs & Stats
TOPEKA, 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.
Topeka's 13 lenders originated 26 USDA loans during 2023. The total origination value was $4,160,000, with an average USDA loan value of $160,000.
Topeka USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Topeka
averaged
6.42%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Topeka's average USDA mortgage closing costs are $3,719.
The average rate for the prior week (2024-12-06) was
6.46% and
one month ago for the week of 2024-11-08, the
average rate was 6.47%.
The average rate one year ago was 6.84%.
For refis of the same type during the week of 2024-12-13, the average rate
was 6.15%.
Topeka 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 Topeka level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| Landmark National Bank | 7 | 6.45% | $4,060 |
| FLAT BRANCH MORTGAGE, INC. | 3 | 7.17% | $4,381 |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | 3 | 6.92% | $5,340 |
| NEWREZ LLC | 2 | 6.50% | $7,929 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 7.25% | $4,096 |
| Neighborhood Loans, Inc. | 1 | 6.38% | $9,523 |
| NFM, INC. | 1 | 5.63% | $8,653 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 7.00% | $4,855 |
| Hawthorn Bank | 1 | 7.49% | $5,244 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 1 | 6.63% | $4,694 |
| CALIBER HOME LOANS, INC. | 1 | 6.75% | $6,954 |
| ENDEAVOR CAPITAL, LLC. | 1 | 6.13% | $4,291 |
| AMCAP MORTGAGE, LTD. | 1 | 7.63% | $7,479 |
The top Topeka USDA lender as defined by loan originations is Landmark National Bank, with
7 USDA loans originated. Their average total fees are
$4,060, which is $321
lower than the next largest lender,
FLAT BRANCH MORTGAGE, INC..
The lowest fee Topeka USDA lenders (with over 10 loans originated) are
.
The lowest rate Topeka USDA lenders (with over 10 loans originated) are
.
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Topeka (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 | $106,225 (-1.2%) | $152,272 (1.7%) | 0.39 | 568 |
| 2018-02-01 | $110,475 (0.5%) | $157,554 (2.2%) | 0.40 | 570 |
| 2018-03-01 | $114,900 (-2.1%) | $159,512 (-2.1%) | 0.40 | 555 |
| 2018-04-01 | $116,450 (-5.1%) | $170,246 (-2.0%) | 0.39 | 546 |
| 2018-05-01 | $119,925 (1.2%) | $176,938 (3.7%) | 0.40 | 565 |
| 2018-06-01 | $125,000 (-2.5%) | $184,672 (7.2%) | 0.42 | 619 |
| 2018-07-01 | $130,500 (8.8%) | $183,644 (9.0%) | 0.44 | 654 |
| 2018-08-01 | $127,450 (8.5%) | $181,595 (9.6%) | 0.43 | 644 |
| 2018-09-01 | $120,950 (10.1%) | $171,684 (7.1%) | 0.41 | 662 |
| 2018-10-01 | $119,999 (4.5%) | $168,513 (4.5%) | 0.41 | 644 |
| 2018-11-01 | $117,500 (8.7%) | $162,560 (4.3%) | 0.40 | 623 |
| 2018-12-01 | $119,900 (11.0%) | $165,189 (7.7%) | 0.41 | 568 |
| 2019-01-01 | $118,450 (11.5%) | $167,193 (9.8%) | 0.41 | 553 |
| 2019-02-01 | $119,947 (8.6%) | $176,277 (11.9%) | 0.41 | 511 |
| 2019-03-01 | $126,297 (9.9%) | $183,301 (14.9%) | 0.41 | 502 |
| 2019-04-01 | $139,800 (20.1%) | $189,259 (11.2%) | 0.44 | 492 |
| 2019-05-01 | $152,450 (27.1%) | $191,640 (8.3%) | 0.48 | 491 |
| 2019-06-01 | $149,000 (19.2%) | $182,288 (-1.3%) | 0.47 | 522 |
| 2019-07-01 | $149,900 (14.9%) | $183,775 (0.1%) | 0.47 | 512 |
| 2019-08-01 | $149,245 (17.1%) | $188,018 (3.5%) | 0.47 | 507 |
| 2019-09-01 | $148,264 (22.6%) | $189,204 (10.2%) | 0.47 | 500 |
| 2019-10-01 | $146,225 (21.9%) | $188,536 (11.9%) | 0.47 | 505 |
| 2019-11-01 | $134,900 (14.8%) | $181,857 (11.9%) | 0.44 | 526 |
| 2019-12-01 | $125,000 (4.3%) | $169,395 (2.6%) | 0.42 | 485 |
| 2020-01-01 | $128,475 (8.5%) | $166,431 (-0.5%) | 0.43 | 418 |
| 2020-02-01 | $137,000 (14.2%) | $174,542 (-1.0%) | 0.45 | 381 |
| 2020-03-01 | $147,800 (17.0%) | $185,416 (1.2%) | 0.46 | 379 |
| 2020-04-01 | $152,475 (9.1%) | $193,064 (2.0%) | 0.48 | 367 |
| 2020-05-01 | $165,000 (8.2%) | $206,687 (7.9%) | 0.50 | 305 |
| 2020-06-01 | $152,450 (2.3%) | $200,250 (9.9%) | 0.45 | 292 |
| 2020-07-01 | $131,975 (-12.0%) | $194,724 (6.0%) | 0.38 | 282 |
| 2020-08-01 | $140,000 (-6.2%) | $198,626 (5.6%) | 0.40 | 273 |
| 2020-09-01 | $138,725 (-6.4%) | $196,702 (4.0%) | 0.40 | 273 |
| 2020-10-01 | $134,950 (-7.7%) | $199,862 (6.0%) | 0.39 | 253 |
| 2020-11-01 | $142,450 (5.6%) | $196,981 (8.3%) | 0.42 | 257 |
| 2020-12-01 | $142,450 (14.0%) | $191,045 (12.8%) | 0.42 | 233 |
| 2021-01-01 | $146,200 (13.8%) | $199,663 (20.0%) | 0.44 | 191 |
| 2021-02-01 | $147,500 (7.7%) | $205,495 (17.7%) | 0.43 | 152 |
| 2021-03-01 | $154,850 (4.8%) | $204,214 (10.1%) | 0.44 | 159 |
| 2021-04-01 | $157,725 (3.4%) | $226,037 (17.1%) | 0.43 | 158 |
| 2021-05-01 | $160,000 (-3.0%) | $224,490 (8.6%) | 0.43 | 177 |
| 2021-06-01 | $152,500 (0.0%) | $219,628 (9.7%) | 0.40 | 216 |
| 2021-07-01 | $172,273 (30.5%) | $231,245 (18.8%) | 0.45 | 255 |
| 2021-08-01 | $164,500 (17.5%) | $221,169 (11.4%) | 0.44 | 247 |
| 2021-09-01 | $171,250 (23.5%) | $227,269 (15.5%) | 0.46 | 253 |
| 2021-10-01 | $168,750 (25.1%) | $215,427 (7.8%) | 0.45 | 253 |
| 2021-11-01 | $165,532 (16.2%) | $206,148 (4.7%) | 0.44 | 226 |
| 2021-12-01 | $160,894 (13.0%) | $218,073 (14.2%) | 0.44 | 185 |
| 2022-01-01 | $154,950 (6.0%) | $230,781 (15.6%) | 0.42 | 124 |
| 2022-02-01 | $179,250 (21.5%) | $249,527 (21.4%) | 0.47 | 117 |
| 2022-03-01 | $179,950 (16.2%) | $251,413 (23.1%) | 0.45 | 128 |
| 2022-04-01 | $182,450 (15.7%) | $255,260 (12.9%) | 0.43 | 151 |
| 2022-05-01 | $213,200 (33.3%) | $273,493 (21.8%) | 0.49 | 174 |
| 2022-06-01 | $219,975 (44.3%) | $273,298 (24.4%) | 0.49 | 202 |
| 2022-07-01 | $210,000 (21.9%) | $268,019 (15.9%) | 0.47 | 220 |
| 2022-08-01 | $229,750 (39.7%) | $341,969 (54.6%) | 0.53 | 210 |
| 2022-09-01 | $229,900 (34.3%) | $317,040 (39.5%) | 0.54 | 225 |
| 2022-10-01 | $229,000 (35.7%) | $306,636 (42.3%) | 0.54 | 273 |
| 2022-11-01 | $232,450 (40.4%) | $369,855 (79.4%) | 0.56 | 326 |
| 2022-12-01 | $227,450 (41.4%) | $382,683 (75.5%) | 0.56 | 283 |
| 2023-01-01 | $241,738 (56.0%) | $404,744 (75.4%) | 0.60 | 232 |
| 2023-02-01 | $244,500 (36.4%) | $373,530 (49.7%) | 0.59 | 215 |
| 2023-03-01 | $250,125 (39.0%) | $372,045 (48.0%) | 0.59 | 183 |
| 2023-04-01 | $238,700 (30.8%) | $347,250 (36.0%) | 0.56 | 203 |
| 2023-05-01 | $267,463 (25.5%) | $359,135 (31.3%) | 0.61 | 204 |
| 2023-06-01 | $292,000 (32.7%) | $369,275 (35.1%) | 0.66 | 225 |
| 2023-07-01 | $279,900 (33.3%) | $363,350 (35.6%) | 0.64 | 258 |
| 2023-08-01 | $268,000 (16.7%) | $334,163 (-2.3%) | 0.62 | 269 |
| 2023-09-01 | $249,950 (8.7%) | $327,696 (3.4%) | 0.58 | 309 |
| 2023-10-01 | $233,075 (1.8%) | $306,185 (-0.2%) | 0.55 | 362 |
| 2023-11-01 | $229,800 (-1.1%) | $290,203 (-21.5%) | 0.55 | 354 |
| 2023-12-01 | $226,950 (-0.2%) | $295,014 (-22.9%) | 0.55 | 304 |
| 2024-01-01 | $234,925 (-2.8%) | $298,522 (-26.2%) | 0.57 | 235 |
| 2024-02-01 | $236,175 (-3.4%) | $298,598 (-20.1%) | 0.57 | 236 |
| 2024-03-01 | $249,900 (-0.1%) | $320,183 (-13.9%) | 0.59 | 213 |
| 2024-04-01 | $255,000 (6.8%) | $316,568 (-8.8%) | 0.59 | 242 |
| 2024-05-01 | $279,000 (4.3%) | $803,612 (123.8%) | 0.63 | 253 |
| 2024-06-01 | $264,900 (-9.3%) | $316,119 (-14.4%) | 0.60 | 274 |
| 2024-07-01 | $249,900 (-10.7%) | $304,563 (-16.2%) | 0.57 | 283 |
| 2024-08-01 | $249,900 (-6.8%) | $307,415 (-8.0%) | 0.58 | 317 |
| 2024-09-01 | $245,550 (-1.8%) | $306,473 (-6.5%) | 0.58 | 319 |
| 2024-10-01 | $249,125 (6.9%) | $292,936 (-4.3%) | 0.59 | 352 |
| 2024-11-01 | $239,000 (4.0%) | $275,803 (-5.0%) | 0.57 | 390 |
Topeka's median listing price comes in at 57% of the national average.
Topeka's average listing price for 2024-11-01 was $275,803, a difference of $-14,400 (-5.0%) versus the prior year and $-17,133 versus the prior month.
For the 2024-11-01 period, Topeka had 390 MLS listings, a difference of 38 listings (11%) versus the prior month and 36 listings (10%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Topeka (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 70 days | 1,591 sqft |
| 2018-02-01 | 58 days | 1,616 sqft |
| 2018-03-01 | 44 days | 1,632 sqft |
| 2018-04-01 | 40 days | 1,667 sqft |
| 2018-05-01 | 37 days | 1,671 sqft |
| 2018-06-01 | 35 days | 1,700 sqft |
| 2018-07-01 | 37 days | 1,735 sqft |
| 2018-08-01 | 42 days | 1,671 sqft |
| 2018-09-01 | 44 days | 1,600 sqft |
| 2018-10-01 | 45 days | 1,600 sqft |
| 2018-11-01 | 55 days | 1,585 sqft |
| 2018-12-01 | 61 days | 1,585 sqft |
| 2019-01-01 | 64 days | 1,585 sqft |
| 2019-02-01 | 63 days | 1,608 sqft |
| 2019-03-01 | 52 days | 1,655 sqft |
| 2019-04-01 | 35 days | 1,694 sqft |
| 2019-05-01 | 37 days | 1,765 sqft |
| 2019-06-01 | 36 days | 1,786 sqft |
| 2019-07-01 | 38 days | 1,772 sqft |
| 2019-08-01 | 42 days | 1,768 sqft |
| 2019-09-01 | 40 days | 1,769 sqft |
| 2019-10-01 | 40 days | 1,756 sqft |
| 2019-11-01 | 45 days | 1,700 sqft |
| 2019-12-01 | 53 days | 1,665 sqft |
| 2020-01-01 | 59 days | 1,643 sqft |
| 2020-02-01 | 52 days | 1,660 sqft |
| 2020-03-01 | 36 days | 1,679 sqft |
| 2020-04-01 | 39 days | 1,788 sqft |
| 2020-05-01 | 32 days | 1,799 sqft |
| 2020-06-01 | 24 days | 1,729 sqft |
| 2020-07-01 | 24 days | 1,627 sqft |
| 2020-08-01 | 29 days | 1,629 sqft |
| 2020-09-01 | 25 days | 1,591 sqft |
| 2020-10-01 | 28 days | 1,637 sqft |
| 2020-11-01 | 28 days | 1,634 sqft |
| 2020-12-01 | 30 days | 1,576 sqft |
| 2021-01-01 | 37 days | 1,632 sqft |
| 2021-02-01 | 29 days | 1,639 sqft |
| 2021-03-01 | 16 days | 1,600 sqft |
| 2021-04-01 | 13 days | 1,560 sqft |
| 2021-05-01 | 12 days | 1,643 sqft |
| 2021-06-01 | 14 days | 1,658 sqft |
| 2021-07-01 | 18 days | 1,719 sqft |
| 2021-08-01 | 22 days | 1,674 sqft |
| 2021-09-01 | 22 days | 1,686 sqft |
| 2021-10-01 | 27 days | 1,676 sqft |
| 2021-11-01 | 32 days | 1,676 sqft |
| 2021-12-01 | 38 days | 1,645 sqft |
| 2022-01-01 | 31 days | 1,625 sqft |
| 2022-02-01 | 22 days | 1,681 sqft |
| 2022-03-01 | 12 days | 1,733 sqft |
| 2022-04-01 | 24 days | 1,693 sqft |
| 2022-05-01 | 26 days | 1,753 sqft |
| 2022-06-01 | 20 days | 1,775 sqft |
| 2022-07-01 | 27 days | 1,768 sqft |
| 2022-08-01 | 31 days | 1,836 sqft |
| 2022-09-01 | 28 days | 1,846 sqft |
| 2022-10-01 | 32 days | 1,820 sqft |
| 2022-11-01 | 36 days | 1,751 sqft |
| 2022-12-01 | 43 days | 1,716 sqft |
| 2023-01-01 | 59 days | 1,723 sqft |
| 2023-02-01 | 61 days | 1,698 sqft |
| 2023-03-01 | 47 days | 1,774 sqft |
| 2023-04-01 | 33 days | 1,680 sqft |
| 2023-05-01 | 29 days | 2,008 sqft |
| 2023-06-01 | 25 days | 2,137 sqft |
| 2023-07-01 | 28 days | 2,107 sqft |
| 2023-08-01 | 31 days | 1,897 sqft |
| 2023-09-01 | 30 days | 1,902 sqft |
| 2023-10-01 | 36 days | 1,782 sqft |
| 2023-11-01 | 39 days | 1,752 sqft |
| 2023-12-01 | 47 days | 1,772 sqft |
| 2024-01-01 | 57 days | 1,768 sqft |
| 2024-02-01 | 50 days | 1,810 sqft |
| 2024-03-01 | 38 days | 1,835 sqft |
| 2024-04-01 | 32 days | 1,828 sqft |
| 2024-05-01 | 30 days | 1,908 sqft |
| 2024-06-01 | 26 days | 1,885 sqft |
| 2024-07-01 | 36 days | 1,820 sqft |
| 2024-08-01 | 37 days | 1,892 sqft |
| 2024-09-01 | 38 days | 1,877 sqft |
| 2024-10-01 | 37 days | 1,837 sqft |
| 2024-11-01 | 40 days | 1,723 sqft |
Topeka's median square footage for active listings during the 2024-11-01 period was 1,723 sqft. One year prior, the average listing was 1,752 sqft.