Parsons Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Parsons averaged
6.61%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.94% and
one month ago for the week of 2025-05-15, the
average rate was 6.91%.
Parsons's average rate one year ago was 6.85%.
For refis of the same type during the week of 2025-06-18, the average rate
was 7.31%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Parsons 30 Year Fixed Rate | 2025-06-18 | 6.61% |
| Parsons 30 Year Fixed Rate Refi | 2025-06-18 | 7.31% |
| Parsons 15 Year Fixed Rate | 2025-06-18 | 5.86% |
| Parsons 15 Year Fixed Rate Refi | 2025-06-18 | 6.46% |
| Parsons 30 Year FHA | 2025-06-18 | -0.1% |
| Parsons 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Parsons 30 Year USDA | 2025-06-18 | 0% |
| Parsons 30 Year USDA Refi | 2025-06-18 | 0.2% |
| Parsons 30 Year VA | 2025-06-18 | 0.2% |
| Parsons 30 Year VA Refi | 2025-06-18 | 0% |
Parsons 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 Parsons, 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.).
Parsons Average Closing Costs & Other Stats
Parsons, KS's 26 lenders originated 250
loans during 2024. The total origination value was $27,280,000, with an average loan value of
$109,120.
Parsons's average closing costs are $4,093.
The top Parsons lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
12 loans originated. Their average total fees are
$2,901, which is $2,690
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Parsons lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. ($2,901), QUICKEN LOANS, LLC ($5,590), .
The lowest rate Parsons lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.60%), FLAT BRANCH MORTGAGE, INC. (6.77%), .
Parsons, 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. | $4,460,000 | $4,640,000 | 4.0% | 17.0% |
| Community National Bank & Trust | $1,410,000 | $3,910,000 | 177.3% | 14.3% |
| QUICKEN LOANS, LLC | $1,900,000 | $2,780,000 | 46.3% | 10.2% |
| Labette Bank | $3,170,000 | $2,285,000 | -27.9% | 8.4% |
| AMERICAN FINANCIAL NETWORK, INC. | $830,000 | $915,000 | 10.2% | 3.4% |
| HEARTLAND CREDIT UNION | $605,000 | n/a | 2.2% | |
| Old Missouri Bank | $1,130,000 | $455,000 | -59.7% | 1.7% |
| Mortgage Research Center, LLC | $1,810,000 | $450,000 | -75.1% | 1.6% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $185,000 | $430,000 | 132.4% | 1.6% |
| V.I.P. MORTGAGE, INC. | $385,000 | n/a | 1.4% | |
| Mortgage Investment Services Corporation | $365,000 | $375,000 | 2.7% | 1.4% |
| Farm Credit Mid-America, ACA | $315,000 | n/a | 1.2% | |
| Arvest Bank | $320,000 | $310,000 | -3.1% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $115,000 | $305,000 | 165.2% | 1.1% |
| ZILLOW HOME LOANS, LLC | $295,000 | $305,000 | 3.4% | 1.1% |
| Commerce Bank | $295,000 | n/a | 1.1% | |
| LOANDEPOT.COM, LLC | $150,000 | $270,000 | 80.0% | 1.0% |
| Quontic Bank | $265,000 | n/a | 1.0% | |
| TruHome Solutions, LLC | $265,000 | n/a | 1.0% | |
| USAA Federal Savings Bank | $255,000 | n/a | 0.9% | |
| Armed Forces Bank | $245,000 | n/a | 0.9% | |
| CARDINAL FINANCIAL | $245,000 | n/a | 0.9% | |
| Great Southern Bank | $1,070,000 | $235,000 | -78.0% | 0.9% |
| TRIAD FINANCIAL SERVICES, INC. | $230,000 | n/a | 0.8% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $215,000 | n/a | 0.8% | |
| PENNYMAC LOAN SERVICES, LLC | $190,000 | $205,000 | 7.9% | 0.8% |
| SOUTHWEST STAGE FUNDING, LLC | $205,000 | n/a | 0.8% | |
| BROKER SOLUTIONS, INC. | $165,000 | $200,000 | 21.2% | 0.7% |
| Sierra Pacific Mortgage Company, Inc. | $430,000 | $195,000 | -54.7% | 0.7% |
| Bank of America | $185,000 | n/a | 0.7% | |
| NBKC BANK | $175,000 | n/a | 0.6% | |
| PLANET HOME LENDING, LLC | $175,000 | n/a | 0.6% | |
| CHURCHILL MORTGAGE CORPORATION | $165,000 | n/a | 0.6% | |
| CROSSCOUNTRY MORTGAGE, LLC | $165,000 | n/a | 0.6% | |
| MID AMERICA MORTGAGE, INC. | $95,000 | $165,000 | 73.7% | 0.6% |
| U.S. Bank | $65,000 | $165,000 | 153.8% | 0.6% |
| Equity Bank | $160,000 | n/a | 0.6% | |
| 21ST MORTGAGE CORPORATION | $135,000 | n/a | 0.5% | |
| Deere Employees Credit Union | $135,000 | n/a | 0.5% | |
| Central National Bank | $125,000 | n/a | 0.5% | |
| Century Mortgage Company DBA Century Lending Company | $125,000 | n/a | 0.5% | |
| ENDEAVOR CAPITAL, LLC. | $135,000 | $125,000 | -7.4% | 0.5% |
| NBH Bank | $125,000 | n/a | 0.5% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $125,000 | n/a | 0.5% | |
| Wells Fargo Bank | $535,000 | $120,000 | -77.6% | 0.4% |
| Barrington Bank & Trust Company, N.A. | $115,000 | n/a | 0.4% | |
| Flagstar Bank, FSB | $115,000 | n/a | 0.4% | |
| Baxter Credit Union | $105,000 | n/a | 0.4% | |
| TTCU Federal Credit Union | $105,000 | n/a | 0.4% | |
| VILLAGE CAPITAL MORTGAGE | $105,000 | n/a | 0.4% | |
| First Community Bank | $65,000 | $100,000 | 53.8% | 0.4% |
| GNBank | $95,000 | n/a | 0.3% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $435,000 | $95,000 | -78.2% | 0.3% |
| Great Plains Federal Credit Un | $35,000 | $85,000 | 142.9% | 0.3% |
| GOLDEN PLAINS | $255,000 | $80,000 | -68.6% | 0.3% |
| Discover Bank | $55,000 | $75,000 | 36.4% | 0.3% |
| Gateway First Bank | $170,000 | $75,000 | -55.9% | 0.3% |
| GUILD MORTGAGE COMPANY | $75,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $65,000 | n/a | 0.2% | |
| JPMorgan Chase Bank | $60,000 | n/a | 0.2% | |
| American Mortgage Bank, LLC | $55,000 | n/a | 0.2% | |
| AXIA FINANCIAL, LLC | $55,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $525,000 | $55,000 | -89.5% | 0.2% |
| LOANPAL, LLC | $55,000 | n/a | 0.2% | |
| TOP FLITE FINANCIAL, INC. | $55,000 | $55,000 | 0.0% | 0.2% |
| BMO Harris Bank | $45,000 | n/a | 0.2% | |
| SPRING EQ, LLC | $45,000 | n/a | 0.2% |
Parsons's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 17.0% market share. In second place, with 14.3%, is Community National Bank & Trust, having originated $3,910,000 in loans. In third place, with 10.2%, is QUICKEN LOANS, LLC, having originated $2,780,000 in loans. In fourth place, with 8.4%, is Labette Bank, having originated $2,285,000 in loans. In fifth place, with 3.4%, is AMERICAN FINANCIAL NETWORK, INC., having originated $915,000 in loans.
Parsons, KS Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 169 | $19,575,000 | $115,828 |
| Refi | 34 | $2,860,000 | $84,118 |
| Other | 19 | $1,985,000 | $104,474 |
| Cash Out Refi | 19 | $2,515,000 | $132,368 |
| Home Improvement | 9 | $345,000 | $38,333 |
Parsons's most frequently cited loan purpose was Home Purchase, with 169 originations. The 2nd most popular reason was Refi, with 34 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 89 | $11,315,000 | $127,135 |
| 7-8% | 51 | $6,525,000 | $127,941 |
| Over 8% | 39 | $3,645,000 | $93,462 |
| 5-6% | 15 | $1,555,000 | $103,667 |
During 2024, Parsons's most frequently originated rate bucket was 6-7%, with 89 originations.
Loan Sizing (Parsons, KS MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 149 | $8,405,000 | $56,409 |
| $100k-200k | 76 | $10,810,000 | $142,237 |
| $200k-400k | 22 | $5,800,000 | $263,636 |
| $400k-600k | 1 | $455,000 | $455,000 |
| $600k-1000k | 1 | $605,000 | $605,000 |
| $Over $1MM | 1 | $1,205,000 | $1,205,000 |
Parsons's loan sizing saw the bucket of loans from $100,000 or less with 149 originations, totaling $8,405,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 121 | $15,705,000 | $129,793 |
| 60-80% | 35 | $5,085,000 | $145,286 |
| 40-60% | 19 | $1,165,000 | $61,316 |
| 20-40% | 12 | $430,000 | $35,833 |
| Under 20% | 5 | $165,000 | $33,000 |
| Over 100% | 1 | $385,000 | $385,000 |
Parsons's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 121 originations, totaling $15,705,000 in origination value.