LAWRENCE Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Lawrence averaged
6.94%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.57% and
one month ago for the week of 2024-10-03, the
average rate was 5.97%.
Lawrence's average rate one year ago was 7.61%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.69%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Lawrence 30 Year Fixed Rate | 2024-11-07 | 6.94% |
| Lawrence 30 Year Fixed Rate Refi | 2024-11-07 | 6.69% |
| Lawrence 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Lawrence 15 Year Fixed Rate Refi | 2024-11-07 | 6% |
| Lawrence 30 Year FHA | 2024-11-07 | 6.54% |
| Lawrence 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Lawrence 30 Year USDA | 2024-11-07 | 6.48% |
| Lawrence 30 Year USDA Refi | 2024-11-07 | 6.28% |
| Lawrence 30 Year VA | 2024-11-07 | 6.34% |
| Lawrence 30 Year VA Refi | 2024-11-07 | 6.24% |
LAWRENCE 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 LAWRENCE, 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.).
LAWRENCE Average Closing Costs & Other Stats
LAWRENCE, KS's 115 lenders originated 1,857
loans during 2023. The total origination value was $451,865,000, with an average loan value of
$243,331.
LAWRENCE's average closing costs are $3,344.
The top LAWRENCE lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with
117 loans originated. Their average total fees are
$3,009, which is $780
higher than the next largest lender,
Mid-America Bank.
The lowest fee LAWRENCE lenders (with over 10 loans originated) are
Truity Federal Credit Union ($2,119), Mid-America Bank ($2,229), Truist ($2,231), Commerce Bank ($2,399) and Capitol Federal Savings Bank ($2,439).
The lowest rate LAWRENCE lenders (with over 10 loans originated) are
Landmark National Bank (6.26%), COMMUNITYAMERICA (6.52%), Commerce Bank (6.53%), Truity Federal Credit Union (6.54%) and Truist (6.57%).
LAWRENCE, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Mid-America Bank | $65,305,000 | $49,390,000 | -24.4% | 10.9% |
| Truity Federal Credit Union | $28,495,000 | $46,715,000 | 63.9% | 10.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $65,885,000 | $42,665,000 | -35.2% | 9.4% |
| NBH Bank | $34,120,000 | $20,290,000 | -40.5% | 4.5% |
| QUICKEN LOANS, LLC | $21,595,000 | $20,025,000 | -7.3% | 4.4% |
| Capitol Federal Savings Bank | $48,175,000 | $17,750,000 | -63.2% | 3.9% |
| Emprise Bank | $25,285,000 | $15,435,000 | -39.0% | 3.4% |
| Arvest Bank | $3,455,000 | $10,380,000 | 200.4% | 2.3% |
| Great American Bank | $12,340,000 | $9,030,000 | -26.8% | 2.0% |
| Sunflower Bank | $13,200,000 | $8,775,000 | -33.5% | 1.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $5,170,000 | $7,745,000 | 49.8% | 1.7% |
| Envista Credit Union | $5,905,000 | $6,920,000 | 17.2% | 1.5% |
| MOVEMENT MORTGAGE, LLC | $10,630,000 | $6,580,000 | -38.1% | 1.5% |
| Citizens 1st Bank | $6,160,000 | n/a | 1.4% | |
| Commerce Bank | $5,610,000 | $6,135,000 | 9.4% | 1.4% |
| First State Bank and Trust | $8,160,000 | $5,995,000 | -26.5% | 1.3% |
| COMMUNITYAMERICA | $7,655,000 | $5,900,000 | -22.9% | 1.3% |
| Intrust Bank | $1,700,000 | $5,650,000 | 232.4% | 1.3% |
| U.S. Bank | $13,070,000 | $5,400,000 | -58.7% | 1.2% |
| The Central Trust Bank | $11,980,000 | $5,385,000 | -55.1% | 1.2% |
| Silver Lake Bank | $11,105,000 | $5,145,000 | -53.7% | 1.1% |
| Truist | $8,365,000 | $4,835,000 | -42.2% | 1.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $12,385,000 | $3,955,000 | -68.1% | 0.9% |
| Fidelity Bank | $2,970,000 | $3,785,000 | 27.4% | 0.8% |
| NORTHMARQ CAPITAL FINANCE, L.L.C. | $3,695,000 | n/a | 0.8% | |
| NBKC BANK | $1,020,000 | $3,640,000 | 256.9% | 0.8% |
| Mortgage Research Center, LLC | $4,805,000 | $3,630,000 | -24.5% | 0.8% |
| Landmark National Bank | $15,430,000 | $3,615,000 | -76.6% | 0.8% |
| First State Bank of St. Charles, Missouri | $4,105,000 | $3,460,000 | -15.7% | 0.8% |
| Central National Bank | $3,545,000 | $3,345,000 | -5.6% | 0.7% |
| MAINSTREET FEDERAL CREDIT UNION | $3,185,000 | $3,245,000 | 1.9% | 0.7% |
| Wells Fargo Bank | $4,455,000 | $3,245,000 | -27.2% | 0.7% |
| USAA Federal Savings Bank | $1,435,000 | $3,075,000 | 114.3% | 0.7% |
| Farm Credit Mid-America, ACA | $2,915,000 | $2,955,000 | 1.4% | 0.7% |
| Bell Bank | $1,290,000 | $2,925,000 | 126.7% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $3,160,000 | $2,745,000 | -13.1% | 0.6% |
| RCB Bank | $12,210,000 | $2,690,000 | -78.0% | 0.6% |
| FLAT BRANCH MORTGAGE, INC. | $2,175,000 | $2,440,000 | 12.2% | 0.5% |
| CoreFirst Bank & Trust | $1,970,000 | $2,355,000 | 19.5% | 0.5% |
| Citizens Bank | $3,745,000 | $2,220,000 | -40.7% | 0.5% |
| UMB Bank | $4,055,000 | $2,165,000 | -46.6% | 0.5% |
| MERITRUST Federal Credit Union | $6,375,000 | $2,120,000 | -66.7% | 0.5% |
| Bank of America | $5,225,000 | $1,960,000 | -62.5% | 0.4% |
| The Huntington National Bank | $1,000,000 | $1,855,000 | 85.5% | 0.4% |
| TRIAD FINANCIAL SERVICES, INC. | $1,520,000 | $1,775,000 | 16.8% | 0.4% |
| Academy Bank | $410,000 | $1,515,000 | 269.5% | 0.3% |
| Regions Bank | $1,495,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $2,815,000 | $1,480,000 | -47.4% | 0.3% |
| Prosperity Home Mortgage, LLC | $3,410,000 | $1,475,000 | -56.7% | 0.3% |
| Neighborhood Loans, Inc. | $95,000 | $1,470,000 | 1,447.4% | 0.3% |
| FREEDOM MORTGAGE CORPORATION | $3,355,000 | $1,430,000 | -57.4% | 0.3% |
| NEW DAY FINANCIAL, LLC | $415,000 | $1,350,000 | 225.3% | 0.3% |
| Community National Bank | $2,920,000 | $1,310,000 | -55.1% | 0.3% |
| First Bank | $185,000 | $1,165,000 | 529.7% | 0.3% |
| Waterstone Mortgage Corporation | $1,125,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $2,830,000 | $1,040,000 | -63.3% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $3,390,000 | $990,000 | -70.8% | 0.2% |
| OAKTREE FUNDING CORP. | $185,000 | $975,000 | 427.0% | 0.2% |
| GNBank | $950,000 | n/a | 0.2% | |
| PLANET HOME LENDING, LLC | $945,000 | n/a | 0.2% | |
| LEADERONE FINANCIAL CORPORATION | $2,420,000 | $920,000 | -62.0% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $925,000 | $895,000 | -3.2% | 0.2% |
| Plains Commerce Bank | $1,350,000 | $895,000 | -33.7% | 0.2% |
| Country Club Bank | $880,000 | n/a | 0.2% | |
| North American Savings Bank, F.S.B. | $2,460,000 | $855,000 | -65.2% | 0.2% |
| First National Bank of Omaha | $420,000 | $850,000 | 102.4% | 0.2% |
| The Kansas State Bank | $845,000 | n/a | 0.2% | |
| COMMUNITY MORTGAGE, LLC | $1,560,000 | $840,000 | -46.2% | 0.2% |
| The Citizens National Bank | $815,000 | n/a | 0.2% | |
| LOANDEPOT.COM, LLC | $2,590,000 | $805,000 | -68.9% | 0.2% |
| Carrington Mortgage Services, LLC | $570,000 | $775,000 | 36.0% | 0.2% |
| BROKER SOLUTIONS, INC. | $905,000 | $750,000 | -17.1% | 0.2% |
| Deere Employees Credit Union | $165,000 | $740,000 | 348.5% | 0.2% |
| PENNYMAC LOAN SERVICES, LLC | $3,665,000 | $735,000 | -79.9% | 0.2% |
| Figure Lending LLC | $195,000 | $730,000 | 274.4% | 0.2% |
| Old National Bank | $730,000 | n/a | 0.2% | |
| MASON MCDUFFIE MORTGAGE CORPORATION | $725,000 | n/a | 0.2% | |
| Community First National Bank | $1,260,000 | $695,000 | -44.8% | 0.2% |
| Flagstar Bank, FSB | $4,140,000 | $695,000 | -83.2% | 0.2% |
| Independence Bank of Kentucky | $665,000 | n/a | 0.1% | |
| NEWREZ LLC | $200,000 | $665,000 | 232.5% | 0.1% |
| SIRVA MORTGAGE, INC. | $650,000 | n/a | 0.1% | |
| First Federal Bank of Kansas City | $460,000 | $625,000 | 35.9% | 0.1% |
| CMG MORTGAGE, INC. | $1,010,000 | $610,000 | -39.6% | 0.1% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $125,000 | $610,000 | 388.0% | 0.1% |
| THRIVE MORTGAGE, LLC | $570,000 | $580,000 | 1.8% | 0.1% |
| Discover Bank | $225,000 | $575,000 | 155.6% | 0.1% |
| Oakstar Bank | $230,000 | $570,000 | 147.8% | 0.1% |
| MAYO EMPLOYEES FEDERAL CREDIT UNION | $555,000 | n/a | 0.1% | |
| Mortgage Investment Services Corporation | $340,000 | $550,000 | 61.8% | 0.1% |
| Community Bank | $545,000 | n/a | 0.1% | |
| HOMESIDE FINANCIAL, LLC | $315,000 | $540,000 | 71.4% | 0.1% |
| Enterprise Bank & Trust | $520,000 | n/a | 0.1% | |
| MORTGAGE ACCESS CORP. | $520,000 | n/a | 0.1% | |
| The Union State Bank of Everest | $660,000 | $520,000 | -21.2% | 0.1% |
| ENDEAVOR CAPITAL, LLC. | $690,000 | $510,000 | -26.1% | 0.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,755,000 | $500,000 | -71.5% | 0.1% |
| Logan Finance Corporation | $475,000 | n/a | 0.1% | |
| Charles Schwab Bank, SSB | $465,000 | n/a | 0.1% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $460,000 | n/a | 0.1% | |
| The First Security Bank | $460,000 | n/a | 0.1% | |
| FIRST COMMUNITY MORTGAGE, INC. | $135,000 | $450,000 | 233.3% | 0.1% |
| BOKF | $725,000 | $425,000 | -41.4% | 0.1% |
| First Federal Bank | $385,000 | $420,000 | 9.1% | 0.1% |
| The Loan Store, Inc. | $410,000 | n/a | 0.1% | |
| HALLMARK HOME MORTGAGE, LLC | $405,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $400,000 | n/a | 0.1% | |
| DAS Acquisition Company, LLC | $385,000 | n/a | 0.1% | |
| Meridian Bank Corporation | $375,000 | n/a | 0.1% | |
| ACADEMY MORTGAGE CORPORATION | $165,000 | $365,000 | 121.2% | 0.1% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $365,000 | n/a | 0.1% | |
| US MORTGAGE CORPORATION | $115,000 | $365,000 | 217.4% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $285,000 | $355,000 | 24.6% | 0.1% |
| American Nation Bank | $335,000 | n/a | 0.1% | |
| Citizens Savings and Loan Association, FSB | $335,000 | n/a | 0.1% | |
| First Interstate Bank | $2,970,000 | $335,000 | -88.7% | 0.1% |
| CREDIT UNION OF AMERICA | $295,000 | $330,000 | 11.9% | 0.1% |
| BAY EQUITY LLC | $175,000 | $325,000 | 85.7% | 0.1% |
| Core Bank | $995,000 | $325,000 | -67.3% | 0.1% |
| Kaw Valley Bank | $1,045,000 | $325,000 | -68.9% | 0.1% |
| NFM, INC. | $325,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $315,000 | n/a | 0.1% | |
| PLAZA HOME MORTGAGE, INC. | $305,000 | n/a | 0.1% | |
| SUN WEST MORTGAGE COMPANY, INC. | $570,000 | $305,000 | -46.5% | 0.1% |
| THE KAW VALLEY STATE BANK AND TRUST COMPANY, OF WAMEGO, KANSAS | $300,000 | n/a | 0.1% | |
| OCMBC, INC. | $295,000 | n/a | 0.1% | |
| SCHLUMBERGER EMPLOYEES CREDIT UNION | $295,000 | n/a | 0.1% | |
| BMO Harris Bank | $855,000 | $285,000 | -66.7% | 0.1% |
| New Century Bank | $285,000 | n/a | 0.1% | |
| The Federal Savings Bank | $810,000 | $285,000 | -64.8% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $275,000 | n/a | 0.1% | |
| Beeline Loans, Inc. | $275,000 | n/a | 0.1% | |
| Citadel Servicing Corporation | $275,000 | n/a | 0.1% | |
| GOLDEN PLAINS | $65,000 | $275,000 | 323.1% | 0.1% |
| Servion, Inc. | $1,020,000 | $275,000 | -73.0% | 0.1% |
| BNC National Bank | $600,000 | $265,000 | -55.8% | 0.1% |
| CALIBER HOME LOANS, INC. | $1,130,000 | $265,000 | -76.5% | 0.1% |
| EVERETT FINANCIAL, INC. | $265,000 | $265,000 | 0.0% | 0.1% |
| Cornerstone State Bank | $255,000 | n/a | 0.1% | |
| MID AMERICAN | $465,000 | $255,000 | -45.2% | 0.1% |
| United Fidelity Funding Corp. | $355,000 | $255,000 | -28.2% | 0.1% |
| LOANPAL, LLC | $245,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $175,000 | $245,000 | 40.0% | 0.1% |
| The Farmers State Bank of Westmoreland | $245,000 | n/a | 0.1% | |
| UNION HOME MORTGAGE CORP. | $2,200,000 | $245,000 | -88.9% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $290,000 | $240,000 | -17.2% | 0.1% |
| FRONTIER COMMUNITY CREDIT UNION | $260,000 | $240,000 | -7.7% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $175,000 | $235,000 | 34.3% | 0.1% |
| ANB Bank | $235,000 | n/a | 0.1% | |
| Bankers' Bank | $165,000 | $235,000 | 42.4% | 0.1% |
| BETTER MORTGAGE CORPORATION | $440,000 | $235,000 | -46.6% | 0.1% |
| DELMAR FINANCIAL COMPANY | $315,000 | $235,000 | -25.4% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $225,000 | $235,000 | 4.4% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $345,000 | $225,000 | -34.8% | 0.0% |
| SUMMIT FUNDING, INC. | $955,000 | $215,000 | -77.5% | 0.0% |
| Coastal Community Bank | $205,000 | n/a | 0.0% | |
| Fifth Third Bank | $205,000 | n/a | 0.0% | |
| First Option Bank | $175,000 | $205,000 | 17.1% | 0.0% |
| Nations Lending Corporation | $275,000 | $205,000 | -25.5% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $255,000 | $185,000 | -27.5% | 0.0% |
| CARDINAL FINANCIAL | $185,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $1,450,000 | $185,000 | -87.2% | 0.0% |
| SPRING EQ, LLC | $110,000 | $180,000 | 63.6% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $175,000 | n/a | 0.0% | |
| KeyBank | $175,000 | n/a | 0.0% | |
| KS StateBank | $1,545,000 | $175,000 | -88.7% | 0.0% |
| Peoples Bank | $295,000 | $175,000 | -40.7% | 0.0% |
| The Bennington State Bank | $235,000 | $175,000 | -25.5% | 0.0% |
| CASTLE & COOKE MORTGAGE, LLC | $165,000 | n/a | 0.0% | |
| First Savings Bank | $165,000 | n/a | 0.0% | |
| V.I.P. MORTGAGE, INC. | $165,000 | n/a | 0.0% | |
| ROYAL UNITED MORTGAGE LLC | $155,000 | n/a | 0.0% | |
| Community National Bank & Trust | $145,000 | n/a | 0.0% | |
| HEARTLAND CREDIT UNION | $985,000 | $145,000 | -85.3% | 0.0% |
| Mutual Savings Association | $1,960,000 | $145,000 | -92.6% | 0.0% |
| OPEN MORTGAGE, LLC | $245,000 | $145,000 | -40.8% | 0.0% |
| First Federal Savings and Loan Bank | $780,000 | $135,000 | -82.7% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $125,000 | n/a | 0.0% | |
| City Bank | $125,000 | n/a | 0.0% | |
| PEOPLES STATE BANK | $650,000 | $125,000 | -80.8% | 0.0% |
| 21ST MORTGAGE CORPORATION | $120,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $120,000 | n/a | 0.0% | |
| Carson Bank | $115,000 | n/a | 0.0% | |
| DIGITAL Federal Credit Union | $115,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $105,000 | n/a | 0.0% | |
| Cornerstone Bank | $105,000 | n/a | 0.0% | |
| PNC Bank | $1,255,000 | $105,000 | -91.6% | 0.0% |
| Alaska USA Federal Credit Union | $95,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $75,000 | n/a | 0.0% | |
| The Nodaway Valley Bank | $75,000 | n/a | 0.0% | |
| Azura Credit Union | $2,060,000 | $70,000 | -96.6% | 0.0% |
| ZILLOW HOME LOANS, LLC | $65,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $55,000 | n/a | 0.0% | |
| PROPONENT Federal Credit Union | $55,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $1,630,000 | $45,000 | -97.2% | 0.0% |
| Centier Bank | $45,000 | $35,000 | -22.2% | 0.0% |
| The Farmers State Bank | $35,000 | n/a | 0.0% | |
| DEPARTMENT OF THE INTERIOR FEDERAL CREDIT UNION | $25,000 | n/a | 0.0% |
LAWRENCE's top lender by overall market share is Mid-America Bank, with 10.9% market share. In second place, with 10.3%, is Truity Federal Credit Union, having originated $46,715,000 in loans. In third place, with 9.4%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $42,665,000 in loans. In fourth place, with 4.5%, is NBH Bank, having originated $20,290,000 in loans. In fifth place, with 4.4%, is QUICKEN LOANS, LLC, having originated $20,025,000 in loans.
LAWRENCE, KS Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 66006 | Lawrence, KS MSA | $730 | $810 | $1,000 | $1,420 | $1,690 |
| 66021 | Lawrence, KS MSA | $820 | $930 | $1,090 | $1,440 | $1,680 |
| 66025 | Lawrence, KS MSA | $880 | $980 | $1,200 | $1,710 | $2,030 |
| 66044 | Lawrence, KS MSA | $720 | $800 | $980 | $1,390 | $1,650 |
| 66045 | Lawrence, KS MSA | $760 | $840 | $1,030 | $1,460 | $1,740 |
| 66046 | Lawrence, KS MSA | $680 | $750 | $920 | $1,310 | $1,550 |
| 66047 | Lawrence, KS MSA | $820 | $910 | $1,120 | $1,590 | $1,890 |
| 66049 | Lawrence, KS MSA | $820 | $910 | $1,120 | $1,590 | $1,890 |
| 66050 | Lawrence, KS MSA | $740 | $820 | $1,010 | $1,430 | $1,700 |
| 66092 | Lawrence, KS MSA | $720 | $820 | $960 | $1,300 | $1,520 |
| 66409 | Lawrence, KS MSA | $640 | $680 | $850 | $1,200 | $1,410 |
| 66524 | Lawrence, KS MSA | $640 | $680 | $850 | $1,200 | $1,410 |
| 66542 | Lawrence, KS MSA | $680 | $710 | $920 | $1,200 | $1,410 |
2022 Average & Median Rent Data Statistics
LAWRENCE, KS average 1BR rent: $818, median: $820
LAWRENCE, KS average 2BR rent: $1,004, median: $1,000
LAWRENCE, KS average 3BR rent: $1,403, median: $1,420
LAWRENCE, KS Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,128 | $314,790,000 | $279,069 |
| Other | 198 | $37,280,000 | $188,283 |
| Cash Out Refi | 189 | $38,395,000 | $203,148 |
| Home Improvement | 188 | $14,700,000 | $78,191 |
| Refi | 154 | $46,700,000 | $303,247 |
Lawrence's most frequently cited loan purpose was Home Purchase, with 1,128 originations. The 2nd most popular reason was Other, with 198 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 675 | $203,395,000 | $301,326 |
| 7-8% | 457 | $108,315,000 | $237,013 |
| Over 8% | 331 | $38,995,000 | $117,810 |
| 5-6% | 202 | $52,610,000 | $260,446 |
| 4-5% | 24 | $4,930,000 | $205,417 |
| 2.5-3% | 23 | $1,785,000 | $77,609 |
| 3-4% | 4 | $1,760,000 | $440,000 |
| <2.5% | 2 | $580,000 | $290,000 |
During 2023, Lawrence's most frequently originated rate bucket was 6-7%, with 675 originations.
Loan Sizing (LAWRENCE, KS MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 684 | $190,770,000 | $278,904 |
| $100,000 or less | 481 | $24,335,000 | $50,593 |
| $100k-200k | 479 | $71,825,000 | $149,948 |
| $400k-600k | 140 | $67,590,000 | $482,786 |
| $600k-1000k | 58 | $40,690,000 | $701,552 |
| $Over $1MM | 15 | $56,655,000 | $3,777,000 |
LAWRENCE's loan sizing saw the bucket of loans from $200k-400k with 684 originations, totaling $190,770,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 587 | $173,535,000 | $295,630 |
| 60-80% | 418 | $121,280,000 | $290,144 |
| Under 20% | 307 | $19,655,000 | $64,023 |
| 20-40% | 182 | $26,830,000 | $147,418 |
| 40-60% | 162 | $41,020,000 | $253,210 |
| Over 100% | 14 | $26,790,000 | $1,913,571 |
LAWRENCE's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 587 originations, totaling $173,535,000 in origination value.