Garden City Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Garden City averaged 6.47% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.7% and one month ago for the week of 2023-02-09, the average rate was 5.99%.

    Garden City's average rate one year ago was 3.36%.

    For refis of the same type during the week of 2023-03-16, the average rate was 7.12%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Garden City 30 Year Fixed Rate 2023-03-16 6.47%
    Garden City 30 Year Fixed Rate Refi 2023-03-16 7.12%
    Garden City 15 Year Fixed Rate 2023-03-16 6.07%
    Garden City 15 Year Fixed Rate Refi 2023-03-16 5.87%
    Garden City 30 Year FHA 2023-03-16 6.25%
    Garden City 30 Year FHA Refi 2023-03-16 6.07%
    Garden City 30 Year USDA 2023-03-16 6.38%
    Garden City 30 Year USDA Refi 2023-03-16 5.99%
    Garden City 30 Year VA 2023-03-16 6.38%
    Garden City 30 Year VA Refi 2023-03-16 6.22%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Garden City, KS.

    Garden City Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Garden City, KS market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    GOLDEN PLAINS 56 4.92% $1,516
    GUARANTEED RATE, INC. 16 5.38% $3,614
    QUICKEN LOANS, LLC 12 4.81% $6,148
    Landmark National Bank 12 4.90% $2,601
    Wells Fargo Bank 8 4.58% $2,319
    LOANDEPOT.COM, LLC 3 4.21% $5,734
    Carrington Mortgage Services, LLC 3 5.58% $7,479
    FINANCE OF AMERICA MORTGAGE LLC 2 4.06% $4,390
    The Huntington National Bank 2 5.85% $2,585
    UNION HOME MORTGAGE CORP. 2 4.88% $4,207
    CREDIT UNION OF AMERICA 2 4.13% $1,707
    Commerce Bank 2 4.81% $2,432
    Equity Bank 2 4.44% $2,091
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.88% $2,885
    Springfield First Community Bank 1 4.63% $4,426
    U.S. Bank 1 5.50% $2,339
    Arvest Bank 1 4.25% $5,591
    ZILLOW HOME LOANS, LLC 1 5.50% $2,764
    Bell Bank 1 5.13% $2,091
    City Bank 1 3.88% $2,845
    First State Bank of St. Charles, Missouri 1 4.25% $3,240
    Flagstar Bank, FSB 1 4.59% $2,275
    GREAT RIVER FEDERAL CREDIT UNION 1 4.99% $3,836
    HEARTLAND CREDIT UNION 1 4.88% $2,341
    JPMorgan Chase Bank 1 2.88% $6,755
    MID AMERICA MORTGAGE, INC. 1 3.75% $4,353
    Mortgage Research Center, LLC 1 2.99% $1,265
    NBH Bank 1 4.00% $2,063
    PLANET HOME LENDING, LLC 1 5.50% $4,896
    PNC Bank 1 6.00% $3,181

    Garden City Average Closing Costs & Other Stats

    Garden City, KS's 30 lenders originated 445 loans during 2022. The total origination value was $70,495,000, with an average loan value of $158,416.

    Garden City's average closing costs are $3,468.

    The top Garden City lender as defined by loan originations is GOLDEN PLAINS, with 56 loans originated. Their average total fees are $1,516, which is $2,098 lower than the next largest lender, GUARANTEED RATE, INC..

    The lowest fee Garden City lenders (with over 10 loans originated) are GOLDEN PLAINS ($1,516), Landmark National Bank ($2,601), GUARANTEED RATE, INC. ($3,614), QUICKEN LOANS, LLC ($6,148) and .

    The lowest rate Garden City lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (4.81%), Landmark National Bank (4.90%), GOLDEN PLAINS (4.92%), GUARANTEED RATE, INC. (5.38%) and .

    Garden City, KS Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    GOLDEN PLAINS $34,560,000 $19,775,000 -42.8% 28.1%
    GUARANTEED RATE, INC. $4,005,000 $8,745,000 118.4% 12.4%
    QUICKEN LOANS, LLC $12,270,000 $8,205,000 -33.1% 11.6%
    Landmark National Bank $10,345,000 $4,870,000 -52.9% 6.9%
    Wells Fargo Bank $8,230,000 $3,545,000 -56.9% 5.0%
    UNION HOME MORTGAGE CORP. $5,480,000 $2,080,000 -62.0% 3.0%
    Commerce Bank $2,205,000 $1,575,000 -28.6% 2.2%
    LOANDEPOT.COM, LLC $2,225,000 $1,350,000 -39.3% 1.9%
    Equity Bank $75,000 $1,150,000 1,433.3% 1.6%
    Mortgage Research Center, LLC $1,650,000 $1,065,000 -35.5% 1.5%
    USAA Federal Savings Bank $265,000 $1,055,000 298.1% 1.5%
    Mr. Cooper ( Nationstar Mortgage ) $1,655,000 $820,000 -50.5% 1.2%
    FINANCE OF AMERICA MORTGAGE LLC $1,610,000 $810,000 -49.7% 1.1%
    Carrington Mortgage Services, LLC $525,000 $740,000 41.0% 1.0%
    The Huntington National Bank $700,000 n/a 1.0%
    21ST MORTGAGE CORPORATION $280,000 $680,000 142.9% 1.0%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $265,000 $650,000 145.3% 0.9%
    CREDIT UNION OF AMERICA $615,000 n/a 0.9%
    FREEDOM MORTGAGE CORPORATION $1,765,000 $610,000 -65.4% 0.9%
    JPMorgan Chase Bank $215,000 $560,000 160.5% 0.8%
    BROKER SOLUTIONS, INC. $370,000 $525,000 41.9% 0.7%
    NBH Bank $245,000 $510,000 108.2% 0.7%
    CMG MORTGAGE, INC. $390,000 $480,000 23.1% 0.7%
    PNC Bank $420,000 n/a 0.6%
    NEWREZ LLC $765,000 $410,000 -46.4% 0.6%
    United Fidelity Funding Corp. $195,000 $405,000 107.7% 0.6%
    LEADERONE FINANCIAL CORPORATION $400,000 n/a 0.6%
    HEARTLAND CREDIT UNION $185,000 $365,000 97.3% 0.5%
    First State Bank of St. Charles, Missouri $355,000 n/a 0.5%
    PENNYMAC LOAN SERVICES, LLC $1,255,000 $350,000 -72.1% 0.5%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $400,000 $325,000 -18.8% 0.5%
    U.S. Bank $190,000 $315,000 65.8% 0.4%
    NAVY FEDERAL CREDIT UNION $375,000 $305,000 -18.7% 0.4%
    Texana Bank $305,000 n/a 0.4%
    AMERISAVE MORTGAGE CORPORATION $340,000 $280,000 -17.6% 0.4%
    Bell Bank $275,000 n/a 0.4%
    Farmers Bank & Trust $275,000 n/a 0.4%
    First Home Bank $265,000 n/a 0.4%
    MID AMERICA MORTGAGE, INC. $235,000 n/a 0.3%
    Springfield First Community Bank $235,000 n/a 0.3%
    Arvest Bank $225,000 n/a 0.3%
    AMERICAN FINANCIAL RESOURCES, INC. $220,000 n/a 0.3%
    Equity Prime Mortgage LLC $205,000 n/a 0.3%
    MERITRUST Federal Credit Union $245,000 $205,000 -16.3% 0.3%
    NORTHERN MORTGAGE SERVICES, LLC $205,000 n/a 0.3%
    ZILLOW HOME LOANS, LLC $155,000 $205,000 32.3% 0.3%
    GREAT RIVER FEDERAL CREDIT UNION $195,000 n/a 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $490,000 $185,000 -62.2% 0.3%
    Figure Lending LLC $95,000 $175,000 84.2% 0.2%
    Bank of England $165,000 n/a 0.2%
    Adams Bank & Trust $1,925,000 $155,000 -91.9% 0.2%
    PLANET HOME LENDING, LLC $145,000 n/a 0.2%
    GERSHMAN INVESTMENT CORP. $125,000 n/a 0.2%
    LENDINGHOME FUNDING CORPORATION $125,000 n/a 0.2%
    Bank of the West $1,150,000 $120,000 -89.6% 0.2%
    Discover Bank $120,000 n/a 0.2%
    BMO Harris Bank $225,000 $115,000 -48.9% 0.2%
    Flagstar Bank, FSB $135,000 $115,000 -14.8% 0.2%
    Deere Employees Credit Union $280,000 $110,000 -60.7% 0.2%
    Bank of America $575,000 $105,000 -81.7% 0.1%
    City Bank $105,000 n/a 0.1%
    OPEN MORTGAGE, LLC $105,000 n/a 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $155,000 $105,000 -32.3% 0.1%
    SPRING EQ, LLC $55,000 n/a 0.1%
    AMERICAN ADVISORS GROUP $135,000 $25,000 -81.5% 0.0%

    Garden City's top lender by overall market share is GOLDEN PLAINS, with 28.1% market share. In second place, with 12.4%, is GUARANTEED RATE, INC., having originated $8,745,000 in loans. In third place, with 11.6%, is QUICKEN LOANS, LLC, having originated $8,205,000 in loans. In fourth place, with 6.9%, is Landmark National Bank, having originated $4,870,000 in loans. In fifth place, with 5.0%, is Wells Fargo Bank, having originated $3,545,000 in loans.

    Garden City Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Garden City (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 $209,250 (-2.0%) $240,152 (2.0%) 0.00 76
    2018-02-01 $213,375 (-0.5%) $248,772 (1.3%) 0.00 73
    2018-03-01 $215,000 (-3.1%) $253,522 (1.3%) 0.00 70
    2018-04-01 $211,725 (-1.5%) $248,634 (-0.9%) 0.00 69
    2018-05-01 $214,000 (-1.7%) $250,368 (-4.6%) 0.00 75
    2018-06-01 $215,000 (-1.7%) $246,513 (-5.5%) 0.00 78
    2018-07-01 $218,450 (-0.7%) $255,416 (-5.5%) 0.00 79
    2018-08-01 $218,475 (-4.8%) $253,337 (-4.3%) 0.00 69
    2018-09-01 $219,450 (-2.5%) $263,349 (3.0%) 0.00 65
    2018-10-01 $219,950 (0.4%) $257,532 (2.0%) 0.00 75
    2018-11-01 $229,800 (6.3%) $265,960 (6.4%) 0.00 72
    2018-12-01 $229,500 (5.5%) $253,656 (1.4%) 0.00 75
    2019-01-01 $194,125 (-7.2%) $236,984 (-1.3%) 0.00 77
    2019-02-01 $213,100 (-0.1%) $244,479 (-1.7%) 0.00 71
    2019-03-01 $219,679 (2.2%) $250,984 (-1.0%) 0.00 68
    2019-04-01 $213,125 (0.7%) $240,682 (-3.2%) 0.00 71
    2019-05-01 $201,000 (-6.1%) $225,602 (-9.9%) 0.00 91
    2019-06-01 $192,250 (-10.6%) $233,828 (-5.2%) 0.00 86
    2019-07-01 $209,125 (-4.3%) $268,149 (5.0%) 0.00 93
    2019-08-01 $220,155 (0.8%) $269,180 (6.3%) 0.00 93
    2019-09-01 $236,886 (8.0%) $269,813 (2.5%) 0.00 98
    2019-10-01 $248,041 (12.8%) $270,235 (4.9%) 0.00 100
    2019-11-01 $242,500 (5.5%) $250,818 (-5.7%) 0.00 96
    2019-12-01 $234,925 (2.4%) $241,352 (-4.9%) 0.00 89
    2020-01-01 $232,475 (19.8%) $239,329 (1.0%) 0.00 84
    2020-02-01 $209,000 (-1.9%) $233,394 (-4.5%) 0.00 67
    2020-03-01 $212,950 (-3.1%) $232,302 (-7.4%) 0.00 70
    2020-04-01 $196,075 (-8.0%) $227,224 (-5.6%) 0.00 74
    2020-05-01 $218,000 (8.5%) $240,513 (6.6%) 0.00 69
    2020-06-01 $225,500 (17.3%) $249,719 (6.8%) 0.00 58
    2020-07-01 $238,225 (13.9%) $248,994 (-7.1%) 0.00 47
    2020-08-01 $247,450 (12.4%) $267,679 (-0.6%) 0.00 39
    2020-09-01 $232,250 (-2.0%) $251,934 (-6.6%) 0.00 41
    2020-10-01 $239,900 (-3.3%) $259,793 (-3.9%) 0.00 39
    2020-11-01 $242,000 (-0.2%) $273,019 (8.9%) 0.00 45
    2020-12-01 $216,200 (-8.0%) $244,954 (1.5%) 0.00 53
    2021-01-01 $219,500 (-5.6%) $253,994 (6.1%) 0.00 48
    2021-02-01 $231,425 (10.7%) $261,299 (12.0%) 0.00 47
    2021-03-01 $244,450 (14.8%) $267,029 (15.0%) 0.00 35
    2021-04-01 $235,950 (20.3%) $267,664 (17.8%) 0.00 26
    2021-05-01 $245,000 (12.4%) $263,663 (9.6%) 0.00 24
    2021-06-01 $244,000 (8.2%) $246,596 (-1.3%) 0.00 19
    2021-07-01 $258,900 (8.7%) $277,664 (11.5%) 0.00 30
    2021-08-01 $223,725 (-9.6%) $272,135 (1.7%) 0.00 34
    2021-09-01 $222,500 (-4.2%) $280,726 (11.4%) 0.00 31
    2021-10-01 $220,000 (-8.3%) $274,161 (5.5%) 0.00 29
    2021-11-01 $219,750 (-9.2%) $277,199 (1.5%) 0.00 30
    2021-12-01 $216,475 (0.1%) $272,234 (11.1%) 0.00 26
    2022-01-01 $185,000 (-15.7%) $261,230 (2.9%) 0.00 29
    2022-02-01 $247,250 (6.8%) $274,507 (5.1%) 0.00 30
    2022-03-01 $251,225 (2.8%) $276,924 (3.7%) 0.00 28
    2022-04-01 $263,000 (11.5%) $278,247 (4.0%) 0.00 29
    2022-05-01 $258,975 (5.7%) $296,361 (12.4%) 0.00 33
    2022-06-01 $282,000 (15.6%) $309,275 (25.4%) 0.00 45
    2022-07-01 $304,288 (17.5%) $358,159 (29.0%) 0.00 45
    2022-08-01 $319,594 (42.9%) $356,187 (30.9%) 0.00 51
    2022-09-01 $329,900 (48.3%) $353,009 (25.8%) 0.00 50
    2022-10-01 $297,450 (35.2%) $325,312 (18.7%) 0.00 55
    2022-11-01 $294,100 (33.8%) $305,671 (10.3%) 0.00 52
    2022-12-01 $269,900 (24.7%) $284,727 (4.6%) 0.00 46
    2023-01-01 $268,000 (44.9%) $276,599 (5.9%) 0.00 45
    2023-02-01 $266,000 (7.6%) $272,014 (-0.9%) 0.00 51
    Garden City's median listing price for 2023-02-01 was $266,000, a difference of $18,750 (7.6%) versus the prior year and $-2,000 versus the prior month.

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

    Garden City's average listing price for 2023-02-01 was $272,014, a difference of $-2,493 (-0.9%) versus the prior year and $-4,585 versus the prior month.

    For the 2023-02-01 period, Garden City had 51 MLS listings, a difference of 6 listings (13%) versus the prior month and 21 listings (70%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Garden City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,463 sqft
    2018-02-01 0 days 1,418 sqft
    2018-03-01 0 days 1,430 sqft
    2018-04-01 0 days 1,415 sqft
    2018-05-01 0 days 1,437 sqft
    2018-06-01 0 days 1,466 sqft
    2018-07-01 0 days 1,510 sqft
    2018-08-01 0 days 1,505 sqft
    2018-09-01 0 days 1,524 sqft
    2018-10-01 0 days 1,535 sqft
    2018-11-01 0 days 1,633 sqft
    2018-12-01 0 days 1,687 sqft
    2019-01-01 0 days 1,423 sqft
    2019-02-01 0 days 1,458 sqft
    2019-03-01 0 days 1,545 sqft
    2019-04-01 0 days 1,531 sqft
    2019-05-01 0 days 1,368 sqft
    2019-06-01 0 days 1,423 sqft
    2019-07-01 0 days 1,500 sqft
    2019-08-01 0 days 1,482 sqft
    2019-09-01 0 days 1,428 sqft
    2019-10-01 0 days 1,392 sqft
    2019-11-01 0 days 1,425 sqft
    2019-12-01 0 days 1,388 sqft
    2020-01-01 0 days 1,381 sqft
    2020-02-01 0 days 1,393 sqft
    2020-03-01 0 days 1,379 sqft
    2020-04-01 0 days 1,361 sqft
    2020-05-01 0 days 1,383 sqft
    2020-06-01 0 days 1,407 sqft
    2020-07-01 0 days 1,462 sqft
    2020-08-01 0 days 1,586 sqft
    2020-09-01 0 days 1,519 sqft
    2020-10-01 0 days 1,454 sqft
    2020-11-01 0 days 1,489 sqft
    2020-12-01 0 days 1,354 sqft
    2021-01-01 0 days 1,352 sqft
    2021-02-01 0 days 1,401 sqft
    2021-03-01 0 days 1,474 sqft
    2021-04-01 0 days 1,476 sqft
    2021-05-01 0 days 1,384 sqft
    2021-06-01 0 days 1,346 sqft
    2021-07-01 0 days 1,353 sqft
    2021-08-01 0 days 1,326 sqft
    2021-09-01 0 days 1,349 sqft
    2021-10-01 0 days 1,426 sqft
    2021-11-01 0 days 1,360 sqft
    2021-12-01 0 days 1,349 sqft
    2022-01-01 0 days 1,318 sqft
    2022-02-01 0 days 1,484 sqft
    2022-03-01 0 days 1,389 sqft
    2022-04-01 0 days 1,388 sqft
    2022-05-01 0 days 1,349 sqft
    2022-06-01 0 days 1,385 sqft
    2022-07-01 0 days 1,386 sqft
    2022-08-01 0 days 1,520 sqft
    2022-09-01 0 days 1,511 sqft
    2022-10-01 0 days 1,488 sqft
    2022-11-01 0 days 1,411 sqft
    2022-12-01 0 days 1,368 sqft
    2023-01-01 0 days 1,375 sqft
    2023-02-01 0 days 1,352 sqft
    Garden City's median listing age (time on market) for 2023-02-01 was 0 days.

    Garden City's median square footage for active listings during the 2023-02-01 period was 1,352 sqft. One year prior, the average listing was 1,484 sqft.

    Garden City, KS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 251 $48,705,000 $194,044
    Cash Out Refi 80 $12,360,000 $154,500
    Refi 44 $5,710,000 $129,773
    Other 39 $2,555,000 $65,513
    Home Improvement 31 $1,165,000 $37,581

    Garden City's most frequently cited loan purpose was Home Purchase, with 251 originations. The 2nd most popular reason was Cash Out Refi, with 80 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 120 $19,900,000 $165,833
    3-4% 116 $16,610,000 $143,190
    4-5% 93 $18,825,000 $202,419
    6-7% 38 $6,290,000 $165,526
    2.5-3% 33 $4,485,000 $135,909
    7-8% 19 $1,865,000 $98,158
    <2.5% 13 $1,205,000 $92,692
    Over 8% 11 $795,000 $72,273

    During 2022, Garden City's most frequently originated rate bucket was 5-6%, with 120 originations.

    Loan Sizing (Garden City, KS MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 168 $25,680,000 $152,857
    $100,000 or less 142 $6,760,000 $47,606
    $200k-400k 124 $33,090,000 $266,855
    $400k-600k 10 $4,310,000 $431,000
    $600k-1000k 1 $655,000 $655,000

    Garden City's loan sizing saw the bucket of loans from $100k-200k with 168 originations, totaling $25,680,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 202 $43,880,000 $217,228
    60-80% 87 $15,635,000 $179,713
    Under 20% 64 $1,930,000 $30,156
    20-40% 50 $3,260,000 $65,200
    40-60% 36 $4,550,000 $126,389
    Over 100% 2 $500,000 $250,000

    Garden City's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 202 originations, totaling $43,880,000 in origination value.