McPherson Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Mcpherson averaged 6.6% for the week of 2025-05-08, compared to the national average of 6.76% for the same period.

The average rate for the prior week (2025-05-01) was 6.9% and one month ago for the week of 2025-04-03, the average rate was 6.48%.

Mcpherson's average rate one year ago was 7.06%.

For refis of the same type during the week of 2025-05-08, the average rate was 7.36%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-05-08 6.76%
Mcpherson 30 Year Fixed Rate 2025-05-08 6.6%
Mcpherson 30 Year Fixed Rate Refi 2025-05-08 7.36%
Mcpherson 15 Year Fixed Rate 2025-05-08 5.99%
Mcpherson 15 Year Fixed Rate Refi 2025-05-08 5.99%
Mcpherson 30 Year FHA 2025-05-08 6.68%
Mcpherson 30 Year FHA Refi 2025-05-08 6.28%
Mcpherson 30 Year USDA 2025-05-08 6.67%
Mcpherson 30 Year USDA Refi 2025-05-08 6.37%
Mcpherson 30 Year VA 2025-05-08 6.17%
Mcpherson 30 Year VA Refi 2025-05-08 6.47%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within McPherson, KS.

McPherson 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 McPherson, 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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
FLAT BRANCH MORTGAGE, INC. 35 6.73% $3,639
Gateway First Bank 10 7.03% $3,067
PRIMARY RESIDENTIAL MORTGAGE, INC. 8 6.75% $4,762
HEARTLAND CREDIT UNION 7 6.61% $3,581
QUICKEN LOANS, LLC 4 6.75% $5,199
NBH Bank 3 6.54% $3,251
Wells Fargo Bank 2 6.19% $4,831
CHURCHILL MORTGAGE CORPORATION 2 6.75% $4,195
Great Plains Federal Credit Un 2 6.71% $3,167
LOANDEPOT.COM, LLC 2 6.49% $8,742
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.99% $5,418
Community National Bank & Trust 1 6.50% $5,681
CMG MORTGAGE, INC. 1 7.13% $3,285
U.S. Bank 1 7.00% $1,981
Central National Bank 1 6.75% $1,105
Intrust Bank 1 7.13% $2,086
ALLIANT CREDIT UNION 1 6.13% $2,713
Mortgage Research Center, LLC 1 7.63% $6,385
M&T Bank 1 6.13% $3,099
Bank of America 1 6.75% $5,489
Northpointe Bank 1 6.13% $8,502
Oakstar Bank 1 6.50% $2,519
PENTAGON FEDERAL CREDIT UNION 1 6.50% $3,985
PLANET HOME LENDING, LLC 1 7.13% $9,872
PLAZA HOME MORTGAGE, INC. 1 5.88% $7,443
PREMIA MORTGAGE, LLC 1 6.55% $2,066
Bankers' Bank 1 7.13% $4,008
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $3,038
Arvest Bank 1 6.75% $4,169
Sunflower Bank 1 6.88% $4,174
CREDIT UNION OF AMERICA 1 5.38% $4,951
ENDEAVOR CAPITAL, LLC. 1 7.38% $3,516

McPherson Average Closing Costs & Other Stats

McPherson, KS's 32 lenders originated 535 loans during 2024. The total origination value was $89,455,000, with an average loan value of $167,206.

McPherson's average closing costs are $4,135.

The top McPherson lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 35 loans originated. Their average total fees are $3,639, which is $573 higher than the next largest lender, Gateway First Bank.

The lowest fee McPherson lenders (with over 10 loans originated) are Gateway First Bank ($3,067), FLAT BRANCH MORTGAGE, INC. ($3,639), .

The lowest rate McPherson lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (6.73%), Gateway First Bank (7.03%), .

McPherson, 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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
FLAT BRANCH MORTGAGE, INC. $10,225,000 $12,595,000 23.2% 14.1%
Gateway First Bank $6,395,000 $5,325,000 -16.7% 6.0%
The Citizens State Bank $2,950,000 $3,560,000 20.7% 4.0%
QUICKEN LOANS, LLC $1,345,000 $3,210,000 138.7% 3.6%
PRIMARY RESIDENTIAL MORTGAGE, INC. $1,805,000 $3,095,000 71.5% 3.5%
The Bennington State Bank $465,000 $2,550,000 448.4% 2.9%
Mortgage Research Center, LLC $1,460,000 $2,310,000 58.2% 2.6%
PENNYMAC LOAN SERVICES, LLC $1,350,000 $1,440,000 6.7% 1.6%
HEARTLAND CREDIT UNION $1,970,000 $1,320,000 -33.0% 1.5%
Members Mortgage Services, L.L.C. $920,000 n/a 1.0%
Great Plains Federal Credit Un $370,000 $915,000 147.3% 1.0%
NBH Bank $210,000 $825,000 292.9% 0.9%
Mortgage Investment Services Corporation $220,000 $775,000 252.3% 0.9%
FREEDOM MORTGAGE CORPORATION $135,000 $685,000 407.4% 0.8%
NAVY FEDERAL CREDIT UNION $55,000 $635,000 1,054.5% 0.7%
Bank of America $130,000 $580,000 346.2% 0.6%
PLANET HOME LENDING, LLC $515,000 $575,000 11.7% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $205,000 $550,000 168.3% 0.6%
Wells Fargo Bank $550,000 n/a 0.6%
LOANDEPOT.COM, LLC $270,000 $515,000 90.7% 0.6%
MID AMERICA MORTGAGE, INC. $135,000 $500,000 270.4% 0.6%
UNITED WHOLESALE MORTGAGE, LLC $415,000 $500,000 20.5% 0.6%
UNION HOME MORTGAGE CORP. $450,000 n/a 0.5%
Intrust Bank $405,000 $440,000 8.6% 0.5%
Arvest Bank $425,000 n/a 0.5%
PLAZA HOME MORTGAGE, INC. $375,000 n/a 0.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $280,000 $370,000 32.1% 0.4%
Armed Forces Bank $315,000 $365,000 15.9% 0.4%
CREDIT UNION OF AMERICA $340,000 n/a 0.4%
PRIMELENDING, A PLAINSCAPITAL COMPANY $325,000 n/a 0.4%
M&T Bank $295,000 n/a 0.3%
U.S. Bank $35,000 $295,000 742.9% 0.3%
CHURCHILL MORTGAGE CORPORATION $285,000 n/a 0.3%
Sierra Pacific Mortgage Company, Inc. $495,000 $285,000 -42.4% 0.3%
Northpointe Bank $245,000 n/a 0.3%
Emprise Bank $740,000 $230,000 -68.9% 0.3%
AMERICAN FINANCIAL RESOURCES, INC. $225,000 n/a 0.3%
Bankers' Bank $215,000 n/a 0.2%
AMERISAVE MORTGAGE CORPORATION $210,000 n/a 0.2%
ALLIANT CREDIT UNION $205,000 n/a 0.2%
Sunflower Bank $105,000 $205,000 95.2% 0.2%
MID AMERICAN $195,000 n/a 0.2%
OPEN MORTGAGE, LLC $280,000 $195,000 -30.4% 0.2%
PENTAGON FEDERAL CREDIT UNION $205,000 $195,000 -4.9% 0.2%
Community National Bank & Trust $175,000 $185,000 5.7% 0.2%
Discover Bank $140,000 $160,000 14.3% 0.2%
CMG MORTGAGE, INC. $145,000 n/a 0.2%
PREMIA MORTGAGE, LLC $145,000 n/a 0.2%
Servion, Inc. $145,000 n/a 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $200,000 $115,000 -42.5% 0.1%
Oakstar Bank $115,000 n/a 0.1%
VALLEY STATE BANK $115,000 $115,000 0.0% 0.1%
Fidelity Bank $720,000 $110,000 -84.7% 0.1%
Central National Bank $155,000 $105,000 -32.3% 0.1%
MERITRUST Federal Credit Union $305,000 $105,000 -65.6% 0.1%
ENDEAVOR CAPITAL, LLC. $85,000 n/a 0.1%
Figure Lending LLC $160,000 $80,000 -50.0% 0.1%
GOLDEN PLAINS $50,000 $80,000 60.0% 0.1%
LIMA ONE CAPITAL, LLC $75,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $95,000 $55,000 -42.1% 0.1%
21ST MORTGAGE CORPORATION $45,000 n/a 0.1%
BROKER SOLUTIONS, INC. $325,000 $45,000 -86.2% 0.1%
EVERENCE FEDERAL CREDIT UNION $35,000 n/a 0.0%
ALL IN $25,000 n/a 0.0%
Coastal Community Bank $110,000 $25,000 -77.3% 0.0%
VANDERBILT MORTGAGE AND FINANCE, INC. $45,000 $25,000 -44.4% 0.0%

McPherson's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 14.1% market share. In second place, with 6.0%, is Gateway First Bank, having originated $5,325,000 in loans. In third place, with 4.0%, is The Citizens State Bank, having originated $3,560,000 in loans. In fourth place, with 3.6%, is QUICKEN LOANS, LLC, having originated $3,210,000 in loans. In fifth place, with 3.5%, is PRIMARY RESIDENTIAL MORTGAGE, INC., having originated $3,095,000 in loans.

McPherson, KS Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 338 $65,680,000 $194,320
Refi 75 $15,185,000 $202,467
Home Improvement 54 $2,550,000 $47,222
Cash Out Refi 36 $4,680,000 $130,000
Other 32 $1,360,000 $42,500

Mcpherson's most frequently cited loan purpose was Home Purchase, with 338 originations. The 2nd most popular reason was Refi, with 75 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 233 $44,625,000 $191,524
7-8% 84 $12,910,000 $153,690
Over 8% 65 $6,565,000 $101,000
5-6% 39 $7,365,000 $188,846

During 2024, Mcpherson's most frequently originated rate bucket was 6-7%, with 233 originations.

Loan Sizing (McPherson, KS MSA)

Loan Size Originations Total Value Average Loan
$100k-200k 205 $29,825,000 $145,488
$100,000 or less 181 $9,195,000 $50,801
$200k-400k 124 $33,280,000 $268,387
$400k-600k 14 $6,730,000 $480,714
$600k-1000k 7 $4,905,000 $700,714
$Over $1MM 4 $5,520,000 $1,380,000

McPherson's loan sizing saw the bucket of loans from $100k-200k with 205 originations, totaling $29,825,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 228 $45,460,000 $199,386
60-80% 82 $14,550,000 $177,439
Under 20% 39 $1,265,000 $32,436
40-60% 37 $5,855,000 $158,243
20-40% 28 $2,960,000 $105,714
Over 100% 3 $705,000 $235,000

McPherson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 228 originations, totaling $45,460,000 in origination value.