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 30 lenders originated 74 USDA loans during 2023. The total origination value was $11,660,000, with an average USDA loan value of $157,568.
Wichita USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Wichita
averaged
-0.24%
for the week of 2024-11-29, compared to the national average (all USDA variants) of
0% for the same period.
Wichita's average USDA mortgage closing costs are $4,338.
The average rate for the prior week (2024-11-22) was
6.36% and
one month ago for the week of 2024-10-25, the
average rate was 6.46%.
The average rate one year ago was 6.96%.
For refis of the same type during the week of 2024-11-29, the average rate
was -0.17%.
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.
The top Wichita USDA lender as defined by loan originations is Sierra Pacific Mortgage Company, Inc., with
16 USDA loans originated. Their average total fees are
$6,275, which is $270
higher than the next largest lender,
FLAT BRANCH MORTGAGE, INC..
The lowest fee Wichita USDA lenders (with over 10 loans originated) are
Sierra Pacific Mortgage Company, Inc. ($6,275), .
The lowest rate Wichita USDA lenders (with over 10 loans originated) are
Sierra Pacific Mortgage Company, Inc. (6.57%), .
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Wichita (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $174,900 (6.5%) | $226,176 (3.6%) | 0.65 | 1,965 |
2018-02-01 | $182,817 (9.2%) | $234,420 (5.9%) | 0.66 | 1,814 |
2018-03-01 | $192,500 (8.5%) | $240,838 (5.6%) | 0.68 | 1,790 |
2018-04-01 | $205,950 (11.4%) | $251,315 (8.2%) | 0.70 | 1,829 |
2018-05-01 | $205,000 (6.8%) | $251,278 (5.1%) | 0.68 | 1,964 |
2018-06-01 | $199,918 (5.3%) | $252,181 (5.5%) | 0.67 | 2,060 |
2018-07-01 | $200,813 (8.5%) | $259,275 (9.8%) | 0.67 | 2,040 |
2018-08-01 | $199,909 (9.6%) | $259,770 (11.4%) | 0.67 | 2,034 |
2018-09-01 | $192,900 (8.7%) | $254,635 (11.7%) | 0.65 | 2,084 |
2018-10-01 | $194,900 (12.8%) | $253,801 (12.0%) | 0.66 | 2,151 |
2018-11-01 | $185,000 (6.5%) | $245,696 (9.2%) | 0.63 | 2,145 |
2018-12-01 | $185,000 (7.3%) | $244,024 (8.8%) | 0.64 | 2,005 |
2019-01-01 | $188,588 (7.8%) | $246,159 (8.8%) | 0.65 | 1,878 |
2019-02-01 | $199,250 (9.0%) | $257,751 (10.0%) | 0.67 | 1,791 |
2019-03-01 | $206,100 (7.1%) | $273,099 (13.4%) | 0.67 | 1,761 |
2019-04-01 | $217,400 (5.6%) | $281,186 (11.9%) | 0.69 | 1,745 |
2019-05-01 | $222,875 (8.7%) | $279,919 (11.4%) | 0.70 | 1,763 |
2019-06-01 | $219,900 (10.0%) | $278,135 (10.3%) | 0.69 | 1,711 |
2019-07-01 | $209,950 (4.6%) | $270,477 (4.3%) | 0.66 | 1,761 |
2019-08-01 | $208,236 (4.2%) | $268,351 (3.3%) | 0.66 | 1,757 |
2019-09-01 | $209,228 (8.5%) | $269,233 (5.7%) | 0.67 | 1,727 |
2019-10-01 | $209,890 (7.7%) | $269,821 (6.3%) | 0.68 | 1,707 |
2019-11-01 | $207,650 (12.2%) | $266,908 (8.6%) | 0.68 | 1,594 |
2019-12-01 | $199,700 (8.0%) | $260,578 (6.8%) | 0.67 | 1,480 |
2020-01-01 | $199,469 (5.8%) | $259,201 (5.3%) | 0.67 | 1,388 |
2020-02-01 | $204,925 (2.9%) | $268,510 (4.2%) | 0.67 | 1,311 |
2020-03-01 | $212,375 (3.0%) | $274,182 (0.4%) | 0.67 | 1,266 |
2020-04-01 | $222,800 (2.5%) | $279,870 (-0.5%) | 0.70 | 1,236 |
2020-05-01 | $234,900 (5.4%) | $286,376 (2.3%) | 0.71 | 1,183 |
2020-06-01 | $248,350 (12.9%) | $297,870 (7.1%) | 0.73 | 1,069 |
2020-07-01 | $248,400 (18.3%) | $299,324 (10.7%) | 0.72 | 1,008 |
2020-08-01 | $245,000 (17.7%) | $298,717 (11.3%) | 0.70 | 1,000 |
2020-09-01 | $229,900 (9.9%) | $285,977 (6.2%) | 0.66 | 996 |
2020-10-01 | $229,900 (9.5%) | $281,562 (4.4%) | 0.66 | 1,045 |
2020-11-01 | $226,300 (9.0%) | $278,005 (4.2%) | 0.66 | 1,029 |
2020-12-01 | $220,000 (10.2%) | $272,428 (4.6%) | 0.65 | 915 |
2021-01-01 | $224,538 (12.6%) | $277,484 (7.1%) | 0.67 | 788 |
2021-02-01 | $243,076 (18.6%) | $299,011 (11.4%) | 0.71 | 637 |
2021-03-01 | $239,950 (13.0%) | $301,509 (10.0%) | 0.68 | 583 |
2021-04-01 | $239,000 (7.3%) | $296,411 (5.9%) | 0.65 | 534 |
2021-05-01 | $235,000 (0.0%) | $288,391 (0.7%) | 0.62 | 611 |
2021-06-01 | $223,463 (-10.0%) | $285,072 (-4.3%) | 0.59 | 686 |
2021-07-01 | $220,000 (-11.4%) | $279,508 (-6.6%) | 0.58 | 786 |
2021-08-01 | $215,000 (-12.2%) | $278,071 (-6.9%) | 0.57 | 882 |
2021-09-01 | $207,125 (-9.9%) | $275,800 (-3.6%) | 0.55 | 873 |
2021-10-01 | $220,000 (-4.3%) | $280,920 (-0.2%) | 0.59 | 873 |
2021-11-01 | $222,475 (-1.7%) | $290,260 (4.4%) | 0.59 | 785 |
2021-12-01 | $229,950 (4.5%) | $291,896 (7.2%) | 0.62 | 675 |
2022-01-01 | $244,965 (9.1%) | $312,108 (12.5%) | 0.66 | 550 |
2022-02-01 | $252,450 (3.9%) | $313,959 (5.0%) | 0.66 | 486 |
2022-03-01 | $254,900 (6.2%) | $315,249 (4.6%) | 0.64 | 490 |
2022-04-01 | $268,500 (12.3%) | $318,018 (7.3%) | 0.64 | 505 |
2022-05-01 | $269,950 (14.9%) | $333,680 (15.7%) | 0.62 | 562 |
2022-06-01 | $277,475 (24.2%) | $341,232 (19.7%) | 0.62 | 685 |
2022-07-01 | $280,000 (27.3%) | $340,658 (21.9%) | 0.63 | 840 |
2022-08-01 | $290,000 (34.9%) | $342,925 (23.3%) | 0.67 | 850 |
2022-09-01 | $290,130 (40.1%) | $348,670 (26.4%) | 0.68 | 850 |
2022-10-01 | $303,950 (38.2%) | $352,023 (25.3%) | 0.72 | 957 |
2022-11-01 | $290,000 (30.4%) | $348,076 (19.9%) | 0.70 | 1,031 |
2022-12-01 | $289,900 (26.1%) | $349,198 (19.6%) | 0.72 | 944 |
2023-01-01 | $299,000 (22.1%) | $357,831 (14.7%) | 0.74 | 891 |
2023-02-01 | $319,995 (26.8%) | $365,473 (16.4%) | 0.77 | 858 |
2023-03-01 | $319,621 (25.4%) | $371,358 (17.8%) | 0.75 | 879 |
2023-04-01 | $318,394 (18.6%) | $372,478 (17.1%) | 0.74 | 884 |
2023-05-01 | $320,000 (18.5%) | $374,826 (12.3%) | 0.73 | 898 |
2023-06-01 | $315,657 (13.8%) | $373,542 (9.5%) | 0.71 | 1,003 |
2023-07-01 | $300,850 (7.5%) | $366,674 (7.6%) | 0.68 | 1,028 |
2023-08-01 | $299,000 (3.1%) | $356,654 (4.0%) | 0.69 | 1,066 |
2023-09-01 | $299,000 (3.1%) | $352,588 (1.1%) | 0.70 | 1,167 |
2023-10-01 | $298,950 (-1.7%) | $354,662 (0.8%) | 0.70 | 1,238 |
2023-11-01 | $294,575 (1.6%) | $355,842 (2.2%) | 0.70 | 1,268 |
2023-12-01 | $294,900 (1.7%) | $360,982 (3.4%) | 0.72 | 1,162 |
2024-01-01 | $297,000 (-0.7%) | $368,532 (3.0%) | 0.73 | 1,046 |
2024-02-01 | $302,450 (-5.5%) | $373,271 (2.1%) | 0.73 | 1,015 |
2024-03-01 | $325,000 (1.7%) | $377,793 (1.7%) | 0.76 | 1,039 |
2024-04-01 | $324,900 (2.0%) | $382,892 (2.8%) | 0.76 | 1,112 |
2024-05-01 | $346,791 (8.4%) | $398,907 (6.4%) | 0.78 | 1,143 |
2024-06-01 | $329,000 (4.2%) | $385,978 (3.3%) | 0.74 | 1,259 |
2024-07-01 | $310,500 (3.2%) | $361,635 (-1.4%) | 0.71 | 1,452 |
2024-08-01 | $300,000 (0.3%) | $355,293 (-0.4%) | 0.70 | 1,485 |
2024-09-01 | $292,700 (-2.1%) | $357,962 (1.5%) | 0.69 | 1,610 |
2024-10-01 | $290,000 (-3.0%) | $356,048 (0.4%) | 0.68 | 1,658 |
Wichita's median listing price comes in at 68% of the national average.
Wichita's average listing price for 2024-10-01 was $356,048, a difference of $1,386 (0.4%) versus the prior year and $-1,914 versus the prior month.
For the 2024-10-01 period, Wichita had 1,658 MLS listings, a difference of 48 listings (3%) versus the prior month and 420 listings (34%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Wichita (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 71 days | 2,079 sqft |
2018-02-01 | 69 days | 2,114 sqft |
2018-03-01 | 47 days | 2,168 sqft |
2018-04-01 | 43 days | 2,205 sqft |
2018-05-01 | 40 days | 2,248 sqft |
2018-06-01 | 43 days | 2,237 sqft |
2018-07-01 | 48 days | 2,243 sqft |
2018-08-01 | 51 days | 2,244 sqft |
2018-09-01 | 47 days | 2,211 sqft |
2018-10-01 | 51 days | 2,181 sqft |
2018-11-01 | 52 days | 2,159 sqft |
2018-12-01 | 63 days | 2,109 sqft |
2019-01-01 | 72 days | 2,113 sqft |
2019-02-01 | 66 days | 2,116 sqft |
2019-03-01 | 56 days | 2,134 sqft |
2019-04-01 | 44 days | 2,207 sqft |
2019-05-01 | 43 days | 2,237 sqft |
2019-06-01 | 44 days | 2,264 sqft |
2019-07-01 | 45 days | 2,188 sqft |
2019-08-01 | 49 days | 2,179 sqft |
2019-09-01 | 56 days | 2,208 sqft |
2019-10-01 | 61 days | 2,226 sqft |
2019-11-01 | 60 days | 2,162 sqft |
2019-12-01 | 68 days | 2,107 sqft |
2020-01-01 | 70 days | 2,074 sqft |
2020-02-01 | 65 days | 2,112 sqft |
2020-03-01 | 60 days | 2,114 sqft |
2020-04-01 | 61 days | 2,202 sqft |
2020-05-01 | 66 days | 2,213 sqft |
2020-06-01 | 59 days | 2,249 sqft |
2020-07-01 | 49 days | 2,270 sqft |
2020-08-01 | 48 days | 2,258 sqft |
2020-09-01 | 47 days | 2,198 sqft |
2020-10-01 | 50 days | 2,176 sqft |
2020-11-01 | 51 days | 2,106 sqft |
2020-12-01 | 59 days | 2,048 sqft |
2021-01-01 | 71 days | 2,036 sqft |
2021-02-01 | 64 days | 2,028 sqft |
2021-03-01 | 65 days | 2,002 sqft |
2021-04-01 | 70 days | 1,996 sqft |
2021-05-01 | 51 days | 2,012 sqft |
2021-06-01 | 42 days | 1,973 sqft |
2021-07-01 | 40 days | 1,977 sqft |
2021-08-01 | 42 days | 1,966 sqft |
2021-09-01 | 50 days | 1,935 sqft |
2021-10-01 | 44 days | 1,986 sqft |
2021-11-01 | 43 days | 1,932 sqft |
2021-12-01 | 51 days | 1,891 sqft |
2022-01-01 | 58 days | 1,817 sqft |
2022-02-01 | 43 days | 1,863 sqft |
2022-03-01 | 37 days | 1,905 sqft |
2022-04-01 | 34 days | 2,015 sqft |
2022-05-01 | 33 days | 2,052 sqft |
2022-06-01 | 32 days | 2,110 sqft |
2022-07-01 | 34 days | 2,105 sqft |
2022-08-01 | 40 days | 2,124 sqft |
2022-09-01 | 43 days | 2,104 sqft |
2022-10-01 | 42 days | 2,146 sqft |
2022-11-01 | 42 days | 2,094 sqft |
2022-12-01 | 59 days | 2,078 sqft |
2023-01-01 | 67 days | 2,015 sqft |
2023-02-01 | 56 days | 2,016 sqft |
2023-03-01 | 48 days | 2,023 sqft |
2023-04-01 | 44 days | 2,015 sqft |
2023-05-01 | 44 days | 2,061 sqft |
2023-06-01 | 38 days | 2,069 sqft |
2023-07-01 | 40 days | 2,061 sqft |
2023-08-01 | 42 days | 2,016 sqft |
2023-09-01 | 43 days | 2,028 sqft |
2023-10-01 | 44 days | 2,050 sqft |
2023-11-01 | 46 days | 2,057 sqft |
2023-12-01 | 58 days | 2,040 sqft |
2024-01-01 | 72 days | 2,015 sqft |
2024-02-01 | 69 days | 2,043 sqft |
2024-03-01 | 42 days | 2,043 sqft |
2024-04-01 | 41 days | 2,069 sqft |
2024-05-01 | 37 days | 2,216 sqft |
2024-06-01 | 39 days | 2,183 sqft |
2024-07-01 | 41 days | 2,140 sqft |
2024-08-01 | 43 days | 2,084 sqft |
2024-09-01 | 45 days | 2,070 sqft |
2024-10-01 | 49 days | 2,037 sqft |
Wichita's median square footage for active listings during the 2024-10-01 period was 2,037 sqft. One year prior, the average listing was 2,050 sqft.