Wichita USDA Loan Rates, Closing Costs & Stats

WICHITA, 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.

Wichita's 24 lenders originated 79 USDA loans during 2024. The total origination value was $14,185,000, with an average USDA loan value of $179,557.

Wichita USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Wichita averaged 0.21% for the week of 2025-06-20, compared to the national average (all USDA variants) of 0% for the same period.

Wichita's average USDA mortgage closing costs are $4,526.

The average rate for the prior week (2025-06-13) was 6.61% and one month ago for the week of 2025-05-16, the average rate was 6.47%.

The average rate one year ago was 6.79%.

For refis of the same type during the week of 2025-06-20, the average rate was -0.16%.

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

Wichita 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 Wichita level.

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Sierra Pacific Mortgage Company, Inc. 15 6.28% $7,531
FLAT BRANCH MORTGAGE, INC. 11 6.43% $6,185
GUILD MORTGAGE COMPANY 8 6.33% $5,715
Gateway First Bank 5 6.53% $4,805
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 4 6.69% $5,620
LEADERONE FINANCIAL CORPORATION 4 6.47% $10,027
UNION HOME MORTGAGE CORP. 3 6.25% $7,163
Equity Prime Mortgage LLC 3 6.08% $5,195
SUN WEST MORTGAGE COMPANY, INC. 3 6.88% $8,400
American Mortgage Bank, LLC 2 6.38% $7,290
Landmark National Bank 2 6.31% $4,005
MID AMERICA MORTGAGE, INC. 2 6.56% $6,624
NEWREZ LLC 2 6.44% $5,306
PLANET HOME LENDING, LLC 2 6.81% $6,146
Regent Financial Group, Inc. 2 6.44% $5,306
Equity Bank 1 5.00% $7,762
Paramount Residential Mortgage Group, Inc. 1 6.63% $4,950
Barrington Bank & Trust Company, N.A. 1 5.75% $4,759
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $5,884
UNITED WHOLESALE MORTGAGE, LLC 1 5.25% $6,696
Members Mortgage Services, L.L.C. 1 6.63% $7,369
HOMESIDE FINANCIAL, LLC 1 5.75% $9,007
Mortgage Investment Services Corporation 1 6.75% $2,477
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $7,929

The top Wichita USDA lender as defined by loan originations is Sierra Pacific Mortgage Company, Inc., with 15 USDA loans originated. Their average total fees are $7,531, which is $1,346 higher than the next largest lender, FLAT BRANCH MORTGAGE, INC..

The lowest fee Wichita USDA lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($6,185), Sierra Pacific Mortgage Company, Inc. ($7,531), .

The lowest rate Wichita USDA lenders (with over 10 loans originated) are Sierra Pacific Mortgage Company, Inc. (6.28%), FLAT BRANCH MORTGAGE, INC. (6.43%), .