Parsons Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Parsons averaged 6.32% for the week of 2024-10-10, compared to the national average of 6.32% for the same period.

The average rate for the prior week (2024-10-03) was 5.92% and one month ago for the week of 2024-09-05, the average rate was 6.55%.

Parsons's average rate one year ago was 7.49%.

For refis of the same type during the week of 2024-10-10, the average rate was 6.32%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-10 6.32%
Parsons 30 Year Fixed Rate 2024-10-10 6.32%
Parsons 30 Year Fixed Rate Refi 2024-10-10 6.32%
Parsons 15 Year Fixed Rate 2024-10-10 5.61%
Parsons 15 Year Fixed Rate Refi 2024-10-10 5.61%
Parsons 30 Year FHA 2024-10-10 6.3%
Parsons 30 Year FHA Refi 2024-10-10 6.3%
Parsons 30 Year USDA 2024-10-10 5.88%
Parsons 30 Year USDA Refi 2024-10-10 6.28%
Parsons 30 Year VA 2024-10-10 6.05%
Parsons 30 Year VA Refi 2024-10-10 5.85%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Parsons, KS.

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.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
FLAT BRANCH MORTGAGE, INC. 10 6.75% $3,275
QUICKEN LOANS, LLC 6 7.02% $4,552
Community National Bank & Trust 3 7.04% $3,657
Wells Fargo Bank 2 6.81% $5,744
Arvest Bank 2 6.88% $2,925
Sierra Pacific Mortgage Company, Inc. 2 6.81% $4,228
TOWNE MORTGAGE COMPANY 2 7.44% $6,872
First Federal Bank 1 6.13% $2,305
First United Bank and Trust Company 1 6.75% $4,767
Gateway First Bank 1 6.38% $2,508
AMERICAN FINANCIAL NETWORK, INC. 1 7.50% $1,824
Great Southern Bank 1 6.50% $3,958
Midwest Mortgage Associates Corporation 1 5.99% $3,035
Mortgage Research Center, LLC 1 6.63% $2,481
Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $5,437
PENNYMAC LOAN SERVICES, LLC 1 6.00% $6,104
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.88% $3,846
ROYAL UNITED MORTGAGE LLC 1 6.75% $6,120
Simmons Bank 1 7.25% $1,714
U.S. Bank 1 7.13% $2,247
GOLDEN PLAINS 1 6.25% $1,500
BETTER MORTGAGE CORPORATION 1 5.75% $6,608
Carrington Mortgage Services, LLC 1 5.25% $6,622
Connexus Credit Union 1 6.13% $2,305
CoreFirst Bank & Trust 1 6.38% $2,016
ENDEAVOR CAPITAL, LLC. 1 5.75% $6,362
Fifth Third Bank 1 6.75% $2,915

Parsons Average Closing Costs & Other Stats

Parsons, KS's 27 lenders originated 224 loans during 2023. The total origination value was $24,570,000, with an average loan value of $109,688.

Parsons's average closing costs are $3,970.

The top Parsons lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 10 loans originated. Their average total fees are $3,275, which is $1,277 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Parsons lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($3,275), .

The lowest rate Parsons lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (6.75%), .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
FLAT BRANCH MORTGAGE, INC. $4,050,000 $4,460,000 10.1% 18.2%
Labette Bank $5,950,000 $3,170,000 -46.7% 12.9%
QUICKEN LOANS, LLC $1,675,000 $1,900,000 13.4% 7.7%
Mortgage Research Center, LLC $510,000 $1,810,000 254.9% 7.4%
Community National Bank & Trust $1,900,000 $1,410,000 -25.8% 5.7%
Old Missouri Bank $1,130,000 n/a 4.6%
Great Southern Bank $795,000 $1,070,000 34.6% 4.4%
AMERICAN FINANCIAL NETWORK, INC. $830,000 n/a 3.4%
Wells Fargo Bank $355,000 $535,000 50.7% 2.2%
Carrington Mortgage Services, LLC $75,000 $525,000 600.0% 2.1%
UNITED WHOLESALE MORTGAGE, LLC $470,000 $520,000 10.6% 2.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $135,000 $435,000 222.2% 1.8%
Sierra Pacific Mortgage Company, Inc. $520,000 $430,000 -17.3% 1.8%
Mortgage Investment Services Corporation $390,000 $365,000 -6.4% 1.5%
TOWNE MORTGAGE COMPANY $330,000 n/a 1.3%
Arvest Bank $320,000 n/a 1.3%
ZILLOW HOME LOANS, LLC $125,000 $295,000 136.0% 1.2%
GOLDEN PLAINS $660,000 $255,000 -61.4% 1.0%
First United Bank and Trust Company $245,000 n/a 1.0%
MORTGAGE SOLUTIONS OF COLORADO, LLC $205,000 n/a 0.8%
PENNYMAC LOAN SERVICES, LLC $125,000 $190,000 52.0% 0.8%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $195,000 $185,000 -5.1% 0.8%
Northpointe Bank $185,000 n/a 0.8%
LAKEVIEW LOAN SERVICING, LLC $240,000 $175,000 -27.1% 0.7%
Community First National Bank $170,000 n/a 0.7%
Gateway First Bank $170,000 n/a 0.7%
BROKER SOLUTIONS, INC. $175,000 $165,000 -5.7% 0.7%
Community National Bank $165,000 n/a 0.7%
Mid-Continent Funding, Inc. $95,000 $155,000 63.2% 0.6%
LOANDEPOT.COM, LLC $275,000 $150,000 -45.5% 0.6%
Midwest Mortgage Associates Corporation $145,000 n/a 0.6%
BETTER MORTGAGE CORPORATION $135,000 n/a 0.5%
ENDEAVOR CAPITAL, LLC. $415,000 $135,000 -67.5% 0.5%
LIMA ONE CAPITAL, LLC $75,000 $125,000 66.7% 0.5%
Pinnacle Bank $125,000 n/a 0.5%
FREEDOM MORTGAGE CORPORATION $85,000 $115,000 35.3% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $220,000 $115,000 -47.7% 0.5%
NEWREZ LLC $105,000 n/a 0.4%
UMB Bank $105,000 n/a 0.4%
MID AMERICA MORTGAGE, INC. $45,000 $95,000 111.1% 0.4%
United Fidelity Funding Corp. $95,000 n/a 0.4%
Connexus Credit Union $85,000 n/a 0.3%
First Federal Bank $85,000 n/a 0.3%
CoreFirst Bank & Trust $75,000 n/a 0.3%
Fifth Third Bank $175,000 $75,000 -57.1% 0.3%
Plains Commerce Bank $75,000 n/a 0.3%
EVERETT FINANCIAL, INC. $65,000 n/a 0.3%
First Community Bank $80,000 $65,000 -18.8% 0.3%
LEADERONE FINANCIAL CORPORATION $65,000 n/a 0.3%
Springfield First Community Bank $275,000 $65,000 -76.4% 0.3%
U.S. Bank $130,000 $65,000 -50.0% 0.3%
Citibank $45,000 $55,000 22.2% 0.2%
Discover Bank $55,000 n/a 0.2%
ROYAL UNITED MORTGAGE LLC $150,000 $55,000 -63.3% 0.2%
Simmons Bank $55,000 n/a 0.2%
TOP FLITE FINANCIAL, INC. $55,000 n/a 0.2%
PRIMARY RESIDENTIAL MORTGAGE, INC. $45,000 n/a 0.2%
Coastal Community Bank $35,000 n/a 0.1%
Great Plains Federal Credit Un $35,000 n/a 0.1%
Members Mortgage Services, L.L.C. $35,000 n/a 0.1%
BancFirst $25,000 n/a 0.1%

Parsons's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 18.2% market share. In second place, with 12.9%, is Labette Bank, having originated $3,170,000 in loans. In third place, with 7.7%, is QUICKEN LOANS, LLC, having originated $1,900,000 in loans. In fourth place, with 7.4%, is Mortgage Research Center, LLC, having originated $1,810,000 in loans. In fifth place, with 5.7%, is Community National Bank & Trust, having originated $1,410,000 in loans.


Parsons Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Parsons (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 $60,475 (-7.0%) $80,767 (-23.0%) 0.00 117
2018-02-01 $56,525 (-9.7%) $80,073 (-20.1%) 0.00 110
2018-03-01 $59,950 (-7.3%) $83,413 (-20.7%) 0.00 109
2018-04-01 $67,950 (4.5%) $90,417 (-16.6%) 0.00 111
2018-05-01 $69,125 (1.3%) $89,493 (-18.6%) 0.00 115
2018-06-01 $72,900 (8.8%) $94,062 (8.6%) 0.00 115
2018-07-01 $60,000 (-8.8%) $86,719 (2.0%) 0.00 117
2018-08-01 $59,925 (-7.7%) $81,660 (-3.2%) 0.00 117
2018-09-01 $59,700 (-6.3%) $77,464 (-7.4%) 0.00 116
2018-10-01 $58,375 (-8.4%) $79,308 (-3.7%) 0.00 112
2018-11-01 $59,900 (-6.8%) $87,450 (7.1%) 0.00 116
2018-12-01 $59,900 (-3.8%) $90,973 (12.5%) 0.00 109
2019-01-01 $59,900 (-1.0%) $93,095 (15.3%) 0.00 103
2019-02-01 $59,950 (6.1%) $97,993 (22.4%) 0.00 95
2019-03-01 $59,943 (0.0%) $101,662 (21.9%) 0.00 89
2019-04-01 $59,968 (-11.8%) $103,386 (14.3%) 0.00 83
2019-05-01 $59,950 (-13.3%) $99,078 (10.7%) 0.00 79
2019-06-01 $59,900 (-17.8%) $96,999 (3.1%) 0.00 76
2019-07-01 $61,200 (2.0%) $94,470 (8.9%) 0.00 70
2019-08-01 $64,518 (7.7%) $95,577 (17.0%) 0.00 68
2019-09-01 $61,920 (3.7%) $95,187 (22.9%) 0.00 73
2019-10-01 $62,364 (6.8%) $96,077 (21.1%) 0.00 74
2019-11-01 $79,500 (32.7%) $98,367 (12.5%) 0.00 75
2019-12-01 $77,200 (28.9%) $95,148 (4.6%) 0.00 72
2020-01-01 $76,150 (27.1%) $103,329 (11.0%) 0.00 65
2020-02-01 $79,000 (31.8%) $105,402 (7.6%) 0.00 67
2020-03-01 $74,925 (25.0%) $107,244 (5.5%) 0.00 65
2020-04-01 $65,350 (9.0%) $107,794 (4.3%) 0.00 61
2020-05-01 $71,500 (19.3%) $107,796 (8.8%) 0.00 56
2020-06-01 $76,200 (27.2%) $116,482 (20.1%) 0.00 51
2020-07-01 $75,000 (22.6%) $120,552 (27.6%) 0.00 49
2020-08-01 $77,450 (20.0%) $128,510 (34.5%) 0.00 42
2020-09-01 $79,175 (27.9%) $121,153 (27.3%) 0.00 38
2020-10-01 $69,900 (12.1%) $112,467 (17.1%) 0.00 41
2020-11-01 $65,525 (-17.6%) $104,697 (6.4%) 0.00 44
2020-12-01 $60,500 (-21.6%) $96,983 (1.9%) 0.00 46
2021-01-01 $61,250 (-19.6%) $114,132 (10.5%) 0.00 38
2021-02-01 $63,500 (-19.6%) $117,648 (11.6%) 0.00 38
2021-03-01 $59,950 (-20.0%) $115,950 (8.1%) 0.00 40
2021-04-01 $59,750 (-8.6%) $112,709 (4.6%) 0.00 32
2021-05-01 $59,900 (-16.2%) $91,441 (-15.2%) 0.00 27
2021-06-01 $57,175 (-25.0%) $89,009 (-23.6%) 0.00 29
2021-07-01 $56,700 (-24.4%) $92,585 (-23.2%) 0.00 43
2021-08-01 $56,700 (-26.8%) $86,669 (-32.6%) 0.00 50
2021-09-01 $54,900 (-30.7%) $116,563 (-3.8%) 0.00 52
2021-10-01 $57,950 (-17.1%) $133,185 (18.4%) 0.00 50
2021-11-01 $67,950 (3.7%) $146,235 (39.7%) 0.00 52
2021-12-01 $83,725 (38.4%) $161,989 (67.0%) 0.00 54
2022-01-01 $79,700 (30.1%) $157,365 (37.9%) 0.00 41
2022-02-01 $95,000 (49.6%) $153,883 (30.8%) 0.00 32
2022-03-01 $104,250 (73.9%) $145,496 (25.5%) 0.00 29
2022-04-01 $99,950 (67.3%) $148,404 (31.7%) 0.00 32
2022-05-01 $95,600 (59.6%) $142,198 (55.5%) 0.00 38
2022-06-01 $92,200 (61.3%) $146,284 (64.4%) 0.00 36
2022-07-01 $99,900 (76.2%) $141,700 (53.1%) 0.00 47
2022-08-01 $96,625 (70.4%) $143,503 (65.6%) 0.00 50
2022-09-01 $94,225 (71.6%) $144,532 (24.0%) 0.00 52
2022-10-01 $86,250 (48.8%) $136,467 (2.5%) 0.00 49
2022-11-01 $95,900 (41.1%) $144,503 (-1.2%) 0.00 43
2022-12-01 $96,000 (14.7%) $148,985 (-8.0%) 0.00 35
2023-01-01 $104,200 (30.7%) $159,682 (1.5%) 0.00 36
2023-02-01 $104,175 (9.7%) $156,556 (1.7%) 0.00 37
2023-03-01 $102,950 (-1.3%) $135,653 (-6.8%) 0.00 31
2023-04-01 $128,500 (28.6%) $154,353 (4.0%) 0.00 32
2023-05-01 $99,900 (4.5%) $128,988 (-9.3%) 0.00 26
2023-06-01 $99,900 (8.4%) $121,864 (-16.7%) 0.00 28
2023-07-01 $85,000 (-14.9%) $117,863 (-16.8%) 0.00 29
2023-08-01 $115,000 (19.0%) $133,626 (-6.9%) 0.00 32
2023-09-01 $115,000 (22.1%) $148,894 (3.0%) 0.00 41
2023-10-01 $107,500 (24.6%) $145,338 (6.5%) 0.00 43
2023-11-01 $84,250 (-12.2%) $128,549 (-11.0%) 0.00 47
2023-12-01 $92,750 (-3.4%) $136,134 (-8.6%) 0.00 47
2024-01-01 $97,100 (-6.8%) $146,601 (-8.2%) 0.00 42
2024-02-01 $90,250 (-13.4%) $140,324 (-10.4%) 0.00 41
2024-03-01 $99,000 (-3.8%) $151,994 (12.1%) 0.00 41
2024-04-01 $118,000 (-8.2%) $180,771 (17.1%) 0.00 47
2024-05-01 $128,000 (28.1%) $187,751 (45.6%) 0.00 46
2024-06-01 $159,100 (59.3%) $196,189 (61.0%) 0.00 45
2024-07-01 $146,450 (72.3%) $192,047 (62.9%) 0.00 48
2024-08-01 $150,000 (30.4%) $189,668 (41.9%) 0.00 63
2024-09-01 $148,500 (29.1%) $188,857 (26.8%) 0.00 68
Parsons's median listing price for 2024-09-01 was $148,500, a difference of $33,500 (29.1%) versus the prior year and $-1,500 versus the prior month.

Parsons's median listing price comes in at 0% of the national average.

Parsons's average listing price for 2024-09-01 was $188,857, a difference of $39,963 (26.8%) versus the prior year and $-811 versus the prior month.

For the 2024-09-01 period, Parsons had 68 MLS listings, a difference of 5 listings (8%) versus the prior month and 27 listings (66%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Parsons (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 1,572 sqft
2018-02-01 0 days 1,428 sqft
2018-03-01 0 days 1,512 sqft
2018-04-01 0 days 1,578 sqft
2018-05-01 0 days 1,579 sqft
2018-06-01 0 days 1,587 sqft
2018-07-01 0 days 1,562 sqft
2018-08-01 0 days 1,566 sqft
2018-09-01 0 days 1,524 sqft
2018-10-01 0 days 1,537 sqft
2018-11-01 0 days 1,609 sqft
2018-12-01 0 days 1,660 sqft
2019-01-01 0 days 1,671 sqft
2019-02-01 0 days 1,696 sqft
2019-03-01 0 days 1,696 sqft
2019-04-01 0 days 1,680 sqft
2019-05-01 0 days 1,630 sqft
2019-06-01 0 days 1,627 sqft
2019-07-01 0 days 1,592 sqft
2019-08-01 0 days 1,623 sqft
2019-09-01 0 days 1,614 sqft
2019-10-01 0 days 1,600 sqft
2019-11-01 0 days 1,612 sqft
2019-12-01 0 days 1,579 sqft
2020-01-01 0 days 1,595 sqft
2020-02-01 0 days 1,596 sqft
2020-03-01 0 days 1,609 sqft
2020-04-01 0 days 1,609 sqft
2020-05-01 0 days 1,628 sqft
2020-06-01 0 days 1,751 sqft
2020-07-01 0 days 1,539 sqft
2020-08-01 0 days 1,581 sqft
2020-09-01 0 days 1,729 sqft
2020-10-01 0 days 1,400 sqft
2020-11-01 0 days 1,363 sqft
2020-12-01 0 days 1,333 sqft
2021-01-01 0 days 1,347 sqft
2021-02-01 0 days 1,318 sqft
2021-03-01 0 days 1,365 sqft
2021-04-01 0 days 1,306 sqft
2021-05-01 0 days 1,740 sqft
2021-06-01 0 days 1,426 sqft
2021-07-01 0 days 1,231 sqft
2021-08-01 0 days 1,200 sqft
2021-09-01 0 days 1,205 sqft
2021-10-01 0 days 1,272 sqft
2021-11-01 0 days 1,428 sqft
2021-12-01 0 days 1,601 sqft
2022-01-01 0 days 1,552 sqft
2022-02-01 0 days 1,640 sqft
2022-03-01 0 days 1,686 sqft
2022-04-01 0 days 1,562 sqft
2022-05-01 0 days 1,648 sqft
2022-06-01 0 days 1,429 sqft
2022-07-01 0 days 1,394 sqft
2022-08-01 0 days 1,413 sqft
2022-09-01 0 days 1,472 sqft
2022-10-01 0 days 1,394 sqft
2022-11-01 0 days 1,398 sqft
2022-12-01 0 days 1,394 sqft
2023-01-01 0 days 1,422 sqft
2023-02-01 0 days 1,608 sqft
2023-03-01 0 days 1,881 sqft
2023-04-01 0 days 2,046 sqft
2023-05-01 0 days 1,518 sqft
2023-06-01 0 days 1,511 sqft
2023-07-01 0 days 1,427 sqft
2023-08-01 0 days 1,474 sqft
2023-09-01 0 days 1,608 sqft
2023-10-01 0 days 1,451 sqft
2023-11-01 0 days 1,397 sqft
2023-12-01 0 days 1,534 sqft
2024-01-01 0 days 1,536 sqft
2024-02-01 0 days 1,444 sqft
2024-03-01 0 days 1,400 sqft
2024-04-01 0 days 1,656 sqft
2024-05-01 0 days 1,737 sqft
2024-06-01 0 days 1,748 sqft
2024-07-01 0 days 1,750 sqft
2024-08-01 0 days 1,731 sqft
2024-09-01 0 days 1,678 sqft
Parsons's median listing age (time on market) for 2024-09-01 was 0 days.

Parsons's median square footage for active listings during the 2024-09-01 period was 1,678 sqft. One year prior, the average listing was 1,608 sqft.

Parsons, KS Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 155 $18,335,000 $118,290
Refi 23 $2,465,000 $107,174
Cash Out Refi 21 $2,075,000 $98,810
Other 13 $935,000 $71,923
Home Improvement 12 $760,000 $63,333

Parsons's most frequently cited loan purpose was Home Purchase, with 155 originations. The 2nd most popular reason was Refi, with 23 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 79 $9,485,000 $120,063
7-8% 65 $6,565,000 $101,000
5-6% 23 $3,095,000 $134,565
Over 8% 12 $960,000 $80,000

During 2023, Parsons's most frequently originated rate bucket was 6-7%, with 79 originations.

Loan Sizing (Parsons, KS MSA)

Loan Size Originations Total Value Average Loan
$100,000 or less 137 $8,565,000 $62,518
$100k-200k 66 $9,070,000 $137,424
$200k-400k 17 $4,845,000 $285,000
$400k-600k 3 $1,335,000 $445,000
$600k-1000k 1 $755,000 $755,000

Parsons's loan sizing saw the bucket of loans from $100,000 or less with 137 originations, totaling $8,565,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 115 $14,045,000 $122,130
60-80% 43 $3,995,000 $92,907
40-60% 8 $550,000 $68,750
20-40% 7 $325,000 $46,429
Over 100% 5 $765,000 $153,000
Under 20% 1 $425,000 $425,000

Parsons's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 115 originations, totaling $14,045,000 in origination value.