Garden City Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Garden City averaged 6.7% for the week of 2023-09-21, compared to the national average of 7.19% for the same period.

The average rate for the prior week (2023-09-14) was 6.79% and one month ago for the week of 2023-08-17, the average rate was 6.7%.

Garden City's average rate one year ago was 5.73%.

For refis of the same type during the week of 2023-09-21, the average rate was 7.39%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-21 7.19%
Garden City 30 Year Fixed Rate 2023-09-21 6.7%
Garden City 30 Year Fixed Rate Refi 2023-09-21 7.39%
Garden City 15 Year Fixed Rate 2023-09-21 6.34%
Garden City 15 Year Fixed Rate Refi 2023-09-21 6.84%
Garden City 30 Year FHA 2023-09-21 7.24%
Garden City 30 Year FHA Refi 2023-09-21 7.24%
Garden City 30 Year USDA 2023-09-21 6.82%
Garden City 30 Year USDA Refi 2023-09-21 6.82%
Garden City 30 Year VA 2023-09-21 6.72%
Garden City 30 Year VA Refi 2023-09-21 6.82%
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
2023-03-01 $269,000 (7.1%) $278,060 (0.4%) 0.00 55
2023-04-01 $256,150 (-2.6%) $274,506 (-1.3%) 0.00 59
2023-05-01 $259,575 (0.2%) $278,469 (-6.0%) 0.00 64
2023-06-01 $255,250 (-9.5%) $273,307 (-11.6%) 0.00 76
2023-07-01 $259,000 (-14.9%) $270,176 (-24.6%) 0.00 67
2023-08-01 $262,500 (-17.9%) $272,126 (-23.6%) 0.00 70
Garden City's median listing price for 2023-08-01 was $262,500, a difference of $-57,094 (-17.9%) versus the prior year and $3,500 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 2023-08-01 was $272,126, a difference of $-84,061 (-23.6%) versus the prior year and $1,950 versus the prior month.

For the 2023-08-01 period, Garden City had 70 MLS listings, a difference of 3 listings (4%) versus the prior month and 19 listings (37%) 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 1,421 sqft
2018-04-01 0 days 1,400 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 1,621 sqft
2018-12-01 0 days 1,664 sqft
2019-01-01 0 days 1,422 sqft
2019-02-01 0 days 1,433 sqft
2019-03-01 0 days 1,541 sqft
2019-04-01 0 days 1,530 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
2023-03-01 0 days 1,367 sqft
2023-04-01 0 days 1,376 sqft
2023-05-01 0 days 1,409 sqft
2023-06-01 0 days 1,310 sqft
2023-07-01 0 days 1,375 sqft
2023-08-01 0 days 1,348 sqft
Garden City's median listing age (time on market) for 2023-08-01 was 0 days.

Garden City's median square footage for active listings during the 2023-08-01 period was 1,348 sqft. One year prior, the average listing was 1,520 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.