Ottawa Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Ottawa averaged
6.74%
for the week of 2025-07-10, compared to the national average of
6.72% for the same period.
The average rate for the prior week (2025-07-03) was
6.99% and
one month ago for the week of 2025-06-05, the
average rate was 7.07%.
Ottawa's average rate one year ago was 7.27%.
For refis of the same type during the week of 2025-07-10, the average rate
was 6.62%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-07-10 | 6.72% |
| Ottawa 30 Year Fixed Rate | 2025-07-10 | 6.74% |
| Ottawa 30 Year Fixed Rate Refi | 2025-07-10 | 6.62% |
| Ottawa 15 Year Fixed Rate | 2025-07-10 | 5.96% |
| Ottawa 15 Year Fixed Rate Refi | 2025-07-10 | 6.46% |
| Ottawa 30 Year FHA | 2025-07-10 | 6.42% |
| Ottawa 30 Year FHA Refi | 2025-07-10 | 6.32% |
| Ottawa 30 Year USDA | 2025-07-10 | 6.65% |
| Ottawa 30 Year USDA Refi | 2025-07-10 | 6.55% |
| Ottawa 30 Year VA | 2025-07-10 | 6.17% |
| Ottawa 30 Year VA Refi | 2025-07-10 | 6.37% |
Ottawa 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 Ottawa, 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.).
Ottawa Average Closing Costs & Other Stats
Ottawa, KS's 69 lenders originated 592
loans during 2024. The total origination value was $116,370,000, with an average loan value of
$196,571.
Ottawa's average closing costs are $4,166.
The top Ottawa lender as defined by loan originations is QUICKEN LOANS, LLC, with
35 loans originated. Their average total fees are
$4,617, which is $126
lower than the next largest lender,
FAIRWAY INDEPENDENT MORTGAGE CORPORATION.
The lowest fee Ottawa lenders (with over 10 loans originated) are
Mid-America Bank ($2,130), COMMUNITYAMERICA ($2,860), NEWREZ LLC ($4,170), QUICKEN LOANS, LLC ($4,617) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,743).
The lowest rate Ottawa lenders (with over 10 loans originated) are
COMMUNITYAMERICA (6.64%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.65%), QUICKEN LOANS, LLC (6.85%), NEWREZ LLC (7.04%) and Mid-America Bank (7.14%).
Ottawa, 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $5,380,000 | $10,270,000 | 90.9% | 8.8% |
| Mid-America Bank | $5,405,000 | $5,940,000 | 9.9% | 5.1% |
| The Kansas State Bank | $4,705,000 | $5,155,000 | 9.6% | 4.4% |
| Central National Bank | $4,615,000 | $4,890,000 | 6.0% | 4.2% |
| Oakstar Bank | $3,185,000 | $4,840,000 | 52.0% | 4.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $7,370,000 | $4,645,000 | -37.0% | 4.0% |
| NEWREZ LLC | $1,350,000 | $4,410,000 | 226.7% | 3.8% |
| FLAT BRANCH MORTGAGE, INC. | $1,045,000 | $3,750,000 | 258.9% | 3.2% |
| Mortgage Research Center, LLC | $1,335,000 | $3,545,000 | 165.5% | 3.0% |
| COMMUNITYAMERICA | $2,285,000 | $3,335,000 | 46.0% | 2.9% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,815,000 | $2,600,000 | 43.3% | 2.2% |
| Farm Credit Mid-America, ACA | $830,000 | $2,570,000 | 209.6% | 2.2% |
| Arvest Bank | $4,555,000 | $2,275,000 | -50.1% | 2.0% |
| LEADERONE FINANCIAL CORPORATION | $700,000 | $2,180,000 | 211.4% | 1.9% |
| Mortgage Investment Services Corporation | $455,000 | $2,150,000 | 372.5% | 1.8% |
| FREEDOM MORTGAGE CORPORATION | $155,000 | $2,105,000 | 1,258.1% | 1.8% |
| Landmark National Bank | $770,000 | $2,010,000 | 161.0% | 1.7% |
| MOVEMENT MORTGAGE, LLC | $1,870,000 | $1,790,000 | -4.3% | 1.5% |
| CROSSCOUNTRY MORTGAGE, LLC | $375,000 | $1,690,000 | 350.7% | 1.5% |
| Capitol Federal Savings Bank | $1,595,000 | $1,520,000 | -4.7% | 1.3% |
| NBH Bank | $3,335,000 | $1,445,000 | -56.7% | 1.2% |
| The Central Trust Bank | $2,565,000 | $1,405,000 | -45.2% | 1.2% |
| Prosperity Home Mortgage, LLC | $1,045,000 | $1,185,000 | 13.4% | 1.0% |
| Waterstone Mortgage Corporation | $425,000 | $1,175,000 | 176.5% | 1.0% |
| MAINSTREET FEDERAL CREDIT UNION | $265,000 | $1,165,000 | 339.6% | 1.0% |
| SUCCESS MORTGAGE PARTNERS, INC. | $2,170,000 | $1,095,000 | -49.5% | 0.9% |
| PATRIOTS BANK | $930,000 | $1,080,000 | 16.1% | 0.9% |
| NBKC BANK | $825,000 | $1,060,000 | 28.5% | 0.9% |
| LAKEVIEW LOAN SERVICING, LLC | $1,045,000 | n/a | 0.9% | |
| LOANDEPOT.COM, LLC | $760,000 | $1,000,000 | 31.6% | 0.9% |
| PENNYMAC LOAN SERVICES, LLC | $1,250,000 | $1,000,000 | -20.0% | 0.9% |
| HALLMARK HOME MORTGAGE, LLC | $1,015,000 | $995,000 | -2.0% | 0.9% |
| Mr. Cooper ( Nationstar Mortgage ) | $820,000 | $925,000 | 12.8% | 0.8% |
| Stride Bank | $175,000 | $920,000 | 425.7% | 0.8% |
| GUILD MORTGAGE COMPANY | $880,000 | n/a | 0.8% | |
| Fidelity Bank | $180,000 | $870,000 | 383.3% | 0.7% |
| UNION HOME MORTGAGE CORP. | $845,000 | $825,000 | -2.4% | 0.7% |
| First State Bank of St. Charles, Missouri | $1,045,000 | $820,000 | -21.5% | 0.7% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $495,000 | $795,000 | 60.6% | 0.7% |
| Wells Fargo Bank | $565,000 | $790,000 | 39.8% | 0.7% |
| ENDEAVOR CAPITAL, LLC. | $645,000 | $760,000 | 17.8% | 0.7% |
| First Bank | $2,170,000 | $705,000 | -67.5% | 0.6% |
| USAA Federal Savings Bank | $470,000 | $705,000 | 50.0% | 0.6% |
| U.S. Bank | $315,000 | $705,000 | 123.8% | 0.6% |
| NAVY FEDERAL CREDIT UNION | $295,000 | $700,000 | 137.3% | 0.6% |
| FIRST COMMUNITY MORTGAGE, INC. | $65,000 | $635,000 | 876.9% | 0.5% |
| Mutual Savings Association | $630,000 | n/a | 0.5% | |
| LENDINGHOME FUNDING CORPORATION | $625,000 | n/a | 0.5% | |
| PLANET HOME LENDING, LLC | $475,000 | $625,000 | 31.6% | 0.5% |
| COMMUNITY MORTGAGE, LLC | $135,000 | $600,000 | 344.4% | 0.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $590,000 | n/a | 0.5% | |
| Truity Federal Credit Union | $60,000 | $565,000 | 841.7% | 0.5% |
| First National Bank of Omaha | $535,000 | n/a | 0.5% | |
| MID AMERICA MORTGAGE, INC. | $475,000 | $490,000 | 3.2% | 0.4% |
| BMO Harris Bank | $1,125,000 | $470,000 | -58.2% | 0.4% |
| The Federal Savings Bank | $455,000 | n/a | 0.4% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $430,000 | n/a | 0.4% | |
| S1L, Inc. | $585,000 | $415,000 | -29.1% | 0.4% |
| Great Southern Bank | $1,005,000 | $400,000 | -60.2% | 0.3% |
| NFM, INC. | $395,000 | n/a | 0.3% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $325,000 | $380,000 | 16.9% | 0.3% |
| Azura Credit Union | $285,000 | $375,000 | 31.6% | 0.3% |
| CPM Federal Credit Union | $375,000 | n/a | 0.3% | |
| SUMMIT FUNDING, INC. | $155,000 | $370,000 | 138.7% | 0.3% |
| TJC Mortgage, Inc. | $370,000 | n/a | 0.3% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $105,000 | $345,000 | 228.6% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $600,000 | $330,000 | -45.0% | 0.3% |
| Bell Bank | $95,000 | $315,000 | 231.6% | 0.3% |
| LYNDON STATE BANK | $1,315,000 | $285,000 | -78.3% | 0.2% |
| BAY EQUITY LLC | $265,000 | n/a | 0.2% | |
| Gateway First Bank | $265,000 | n/a | 0.2% | |
| GREATER KC PUBLIC SAFETY CREDIT UNION | $45,000 | $265,000 | 488.9% | 0.2% |
| Merchants Bank of Indiana | $265,000 | n/a | 0.2% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $265,000 | n/a | 0.2% | |
| Discover Bank | $125,000 | $260,000 | 108.0% | 0.2% |
| JPMorgan Chase Bank | $205,000 | $255,000 | 24.4% | 0.2% |
| BOKF | $245,000 | n/a | 0.2% | |
| First Horizon Bank | $245,000 | n/a | 0.2% | |
| Intrust Bank | $645,000 | $245,000 | -62.0% | 0.2% |
| Members Mortgage Services, L.L.C. | $240,000 | n/a | 0.2% | |
| Country Club Bank | $350,000 | $235,000 | -32.9% | 0.2% |
| The First Security Bank | $375,000 | $235,000 | -37.3% | 0.2% |
| BROKER SOLUTIONS, INC. | $240,000 | $225,000 | -6.3% | 0.2% |
| Figure Lending LLC | $100,000 | $225,000 | 125.0% | 0.2% |
| UMB Bank | $200,000 | n/a | 0.2% | |
| Coastal Community Bank | $105,000 | $185,000 | 76.2% | 0.2% |
| FRONTIER COMMUNITY CREDIT UNION | $455,000 | $185,000 | -59.3% | 0.2% |
| V.I.P. MORTGAGE, INC. | $185,000 | n/a | 0.2% | |
| CARDINAL FINANCIAL | $175,000 | n/a | 0.2% | |
| CoreFirst Bank & Trust | $175,000 | $175,000 | 0.0% | 0.2% |
| Mazuma Credit Union | $175,000 | n/a | 0.2% | |
| Sunflower Bank | $175,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $575,000 | $170,000 | -70.4% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $575,000 | $165,000 | -71.3% | 0.1% |
| PREFERRED BANK | $165,000 | n/a | 0.1% | |
| Bank of America | $160,000 | n/a | 0.1% | |
| ZILLOW HOME LOANS, LLC | $155,000 | $155,000 | 0.0% | 0.1% |
| Commerce Bank | $430,000 | $135,000 | -68.6% | 0.1% |
| JLB CORPORATION | $135,000 | n/a | 0.1% | |
| LOANPAL, LLC | $135,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $255,000 | $105,000 | -58.8% | 0.1% |
| HEARTLAND CREDIT UNION | $115,000 | $90,000 | -21.7% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $90,000 | n/a | 0.1% | |
| Community National Bank & Trust | $485,000 | $85,000 | -82.5% | 0.1% |
| PNC Bank | $45,000 | $85,000 | 88.9% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $525,000 | $85,000 | -83.8% | 0.1% |
| Emprise Bank | $80,000 | n/a | 0.1% | |
| COMMUNICATION | $65,000 | $75,000 | 15.4% | 0.1% |
| MERITRUST Federal Credit Union | $140,000 | $75,000 | -46.4% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $145,000 | $75,000 | -48.3% | 0.1% |
| Cedar Rapids Bank and Trust Company | $65,000 | n/a | 0.1% | |
| Deere Employees Credit Union | $65,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $55,000 | n/a | 0.0% | |
| Union Bank and Trust Company | $415,000 | $55,000 | -86.7% | 0.0% |
| Envista Credit Union | $580,000 | $25,000 | -95.7% | 0.0% |
| GOLDEN PLAINS | $145,000 | $25,000 | -82.8% | 0.0% |
Ottawa's top lender by overall market share is QUICKEN LOANS, LLC, with 8.8% market share. In second place, with 5.1%, is Mid-America Bank, having originated $5,940,000 in loans. In third place, with 4.4%, is The Kansas State Bank, having originated $5,155,000 in loans. In fourth place, with 4.2%, is Central National Bank, having originated $4,890,000 in loans. In fifth place, with 4.2%, is Oakstar Bank, having originated $4,840,000 in loans.
Ottawa, KS Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 362 | $83,730,000 | $231,298 |
| Cash Out Refi | 89 | $14,335,000 | $161,067 |
| Refi | 50 | $10,910,000 | $218,200 |
| Home Improvement | 49 | $5,225,000 | $106,633 |
| Other | 42 | $2,170,000 | $51,667 |
Ottawa's most frequently cited loan purpose was Home Purchase, with 362 originations. The 2nd most popular reason was Cash Out Refi, with 89 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 257 | $59,355,000 | $230,953 |
| 7-8% | 121 | $24,615,000 | $203,430 |
| Over 8% | 103 | $10,435,000 | $101,311 |
| 5-6% | 51 | $11,945,000 | $234,216 |
| 4-5% | 5 | $955,000 | $191,000 |
| <2.5% | 4 | $110,000 | $27,500 |
| 3-4% | 1 | $65,000 | $65,000 |
| 2.5-3% | 1 | $85,000 | $85,000 |
During 2024, Ottawa's most frequently originated rate bucket was 6-7%, with 257 originations.
Loan Sizing (Ottawa, KS MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 196 | $28,790,000 | $146,888 |
| $200k-400k | 193 | $52,925,000 | $274,223 |
| $100,000 or less | 163 | $9,315,000 | $57,147 |
| $400k-600k | 33 | $15,315,000 | $464,091 |
| $600k-1000k | 4 | $2,880,000 | $720,000 |
| $Over $1MM | 3 | $7,145,000 | $2,381,667 |
Ottawa's loan sizing saw the bucket of loans from $100k-200k with 196 originations, totaling $28,790,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 251 | $58,265,000 | $232,131 |
| 60-80% | 110 | $29,290,000 | $266,273 |
| Under 20% | 65 | $2,595,000 | $39,923 |
| 20-40% | 58 | $5,680,000 | $97,931 |
| 40-60% | 42 | $7,360,000 | $175,238 |
| Over 100% | 9 | $2,895,000 | $321,667 |
Ottawa's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 251 originations, totaling $58,265,000 in origination value.