Parsons Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Parsons averaged 6.77% for the week of 2023-05-25, compared to the national average of 6.57% for the same period.

    The average rate for the prior week (2023-05-18) was 6.29% and one month ago for the week of 2023-04-20, the average rate was 6.49%.

    Parsons's average rate one year ago was 5.05%.

    For refis of the same type during the week of 2023-05-25, the average rate was 7.17%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-05-25 6.57%
    Parsons 30 Year Fixed Rate 2023-05-25 6.77%
    Parsons 30 Year Fixed Rate Refi 2023-05-25 7.17%
    Parsons 15 Year Fixed Rate 2023-05-25 5.97%
    Parsons 15 Year Fixed Rate Refi 2023-05-25 5.87%
    Parsons 30 Year FHA 2023-05-25 6.71%
    Parsons 30 Year FHA Refi 2023-05-25 6.41%
    Parsons 30 Year USDA 2023-05-25 6.83%
    Parsons 30 Year USDA Refi 2023-05-25 6.83%
    Parsons 30 Year VA 2023-05-25 6.31%
    Parsons 30 Year VA Refi 2023-05-25 6.21%
    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 10 5.00% $2,724
    Community National Bank & Trust 5 5.30% $4,161
    QUICKEN LOANS, LLC 5 5.40% $5,881
    Great Southern Bank 4 4.78% $2,154
    Wells Fargo Bank 3 4.46% $4,756
    Deere Employees Credit Union 3 3.75% $2,814
    GOLDEN PLAINS 3 5.33% $1,739
    Mortgage Investment Services Corporation 2 5.00% $3,103
    U.S. Bank 2 3.44% $2,109
    NAVY FEDERAL CREDIT UNION 2 3.75% $1,373
    Ally Bank 1 5.75% $1,022
    BOKF 1 4.50% $4,644
    LOANDEPOT.COM, LLC 1 7.50% $10,826
    MERITRUST Federal Credit Union 1 7.25% $2,887
    PENNYMAC LOAN SERVICES, LLC 1 5.62% $5,920
    Bank of England 1 5.88% $4,637
    ROYAL UNITED MORTGAGE LLC 1 4.38% $5,148
    Springfield First Community Bank 1 5.38% $2,810
    UNITED WHOLESALE MORTGAGE, LLC 1 3.75% $3,042
    Equity Bank 1 4.63% $3,298
    ENDEAVOR CAPITAL, LLC. 1 5.13% $3,950
    Fifth Third Bank 1 4.88% $2,500
    COMMUNITY MORTGAGE, LLC 1 4.88% $2,500

    Parsons Average Closing Costs & Other Stats

    Parsons, KS's 23 lenders originated 247 loans during 2022. The total origination value was $26,285,000, with an average loan value of $106,417.

    Parsons's average closing costs are $3,741.

    The top Parsons lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 10 loans originated. Their average total fees are $2,724, which is $1,437 lower than the next largest lender, Community National Bank & Trust.

    The lowest fee Parsons lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. ($2,724), .

    The lowest rate Parsons lenders (with over 10 loans originated) are FLAT BRANCH MORTGAGE, INC. (5.00%), .

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    Labette Bank $3,650,000 $5,950,000 63.0% 22.6%
    FLAT BRANCH MORTGAGE, INC. $5,075,000 $4,050,000 -20.2% 15.4%
    Community National Bank & Trust $2,380,000 $1,900,000 -20.2% 7.2%
    QUICKEN LOANS, LLC $2,960,000 $1,675,000 -43.4% 6.4%
    HEARTLAND CREDIT UNION $125,000 $930,000 644.0% 3.5%
    Great Southern Bank $695,000 $795,000 14.4% 3.0%
    NAVY FEDERAL CREDIT UNION $115,000 $680,000 491.3% 2.6%
    GOLDEN PLAINS $920,000 $660,000 -28.3% 2.5%
    Deere Employees Credit Union $130,000 $640,000 392.3% 2.4%
    Sierra Pacific Mortgage Company, Inc. $1,500,000 $520,000 -65.3% 2.0%
    Mortgage Research Center, LLC $490,000 $510,000 4.1% 1.9%
    UNITED WHOLESALE MORTGAGE, LLC $1,045,000 $470,000 -55.0% 1.8%
    ENDEAVOR CAPITAL, LLC. $415,000 n/a 1.6%
    Mortgage Investment Services Corporation $525,000 $390,000 -25.7% 1.5%
    FirstOak Bank $860,000 $365,000 -57.6% 1.4%
    Wells Fargo Bank $690,000 $355,000 -48.6% 1.4%
    Commerce Bank $295,000 n/a 1.1%
    Ally Bank $285,000 n/a 1.1%
    LOANDEPOT.COM, LLC $275,000 n/a 1.0%
    Springfield First Community Bank $275,000 n/a 1.0%
    GNBank $55,000 $270,000 390.9% 1.0%
    CHURCHILL MORTGAGE CORPORATION $250,000 n/a 1.0%
    LAKEVIEW LOAN SERVICING, LLC $310,000 $240,000 -22.6% 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $685,000 $220,000 -67.9% 0.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $380,000 $195,000 -48.7% 0.7%
    Barrington Bank & Trust Company, N.A. $155,000 $180,000 16.1% 0.7%
    Equity Bank $180,000 n/a 0.7%
    BROKER SOLUTIONS, INC. $175,000 n/a 0.7%
    Chickasaw Community Bank $170,000 $175,000 2.9% 0.7%
    COMMUNITY MORTGAGE, LLC $175,000 n/a 0.7%
    Fifth Third Bank $175,000 n/a 0.7%
    HOMESIDE FINANCIAL, LLC $175,000 n/a 0.7%
    ROYAL UNITED MORTGAGE LLC $290,000 $150,000 -48.3% 0.6%
    Farm Credit Mid-America, ACA $145,000 n/a 0.6%
    Bank of England $135,000 n/a 0.5%
    VANDERBILT MORTGAGE AND FINANCE, INC. $175,000 $135,000 -22.9% 0.5%
    U.S. Bank $165,000 $130,000 -21.2% 0.5%
    DAS Acquisition Company, LLC $105,000 $125,000 19.0% 0.5%
    GERSHMAN INVESTMENT CORP. $125,000 n/a 0.5%
    PENNYMAC LOAN SERVICES, LLC $655,000 $125,000 -80.9% 0.5%
    ZILLOW HOME LOANS, LLC $135,000 $125,000 -7.4% 0.5%
    AMERISAVE MORTGAGE CORPORATION $375,000 $105,000 -72.0% 0.4%
    Mid-Continent Funding, Inc. $95,000 n/a 0.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $95,000 n/a 0.4%
    FREEDOM MORTGAGE CORPORATION $85,000 n/a 0.3%
    MERITRUST Federal Credit Union $125,000 $85,000 -32.0% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $85,000 n/a 0.3%
    First Community Bank $170,000 $80,000 -52.9% 0.3%
    AMERICAN PACIFIC MORTGAGE CORPORATION $75,000 n/a 0.3%
    BOKF $75,000 n/a 0.3%
    Carrington Mortgage Services, LLC $75,000 n/a 0.3%
    LIMA ONE CAPITAL, LLC $75,000 n/a 0.3%
    CROSSCOUNTRY MORTGAGE, LLC $65,000 n/a 0.2%
    Flagstar Bank, FSB $55,000 $55,000 0.0% 0.2%
    Citibank $45,000 $45,000 0.0% 0.2%
    MID AMERICA MORTGAGE, INC. $340,000 $45,000 -86.8% 0.2%

    Parsons's top lender by overall market share is Labette Bank, with 22.6% market share. In second place, with 15.4%, is FLAT BRANCH MORTGAGE, INC., having originated $4,050,000 in loans. In third place, with 7.2%, is Community National Bank & Trust, having originated $1,900,000 in loans. In fourth place, with 6.4%, is QUICKEN LOANS, LLC, having originated $1,675,000 in loans. In fifth place, with 3.5%, is HEARTLAND CREDIT UNION, having originated $930,000 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 $59,925 (6.0%) $97,208 (21.4%) 0.00 96
    2019-03-01 $59,950 (0.0%) $106,977 (28.3%) 0.00 79
    2019-04-01 $59,950 (-11.8%) $103,485 (14.5%) 0.00 82
    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 $59,900 (7.7%) $96,706 (18.4%) 0.00 74
    2019-09-01 $59,900 (3.7%) $96,607 (24.7%) 0.00 74
    2019-10-01 $62,075 (6.8%) $96,406 (21.6%) 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 (8.4%) 0.00 67
    2020-03-01 $74,925 (25.0%) $107,244 (0.3%) 0.00 65
    2020-04-01 $65,350 (9.0%) $107,794 (4.2%) 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 (32.9%) 0.00 42
    2020-09-01 $79,175 (27.9%) $121,153 (25.4%) 0.00 38
    2020-10-01 $69,900 (12.1%) $112,467 (16.7%) 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 (0.0%) $154,353 (4.0%) 0.00 32
    Parsons's median listing price for 2023-04-01 was $128,500, a difference of $28,550 (0.0%) versus the prior year and $25,550 versus the prior month.

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

    Parsons's average listing price for 2023-04-01 was $154,353, a difference of $5,949 (4.0%) versus the prior year and $18,700 versus the prior month.

    For the 2023-04-01 period, Parsons had 32 MLS listings, a difference of 1 listings (3%) versus the prior month and 0 listings (0%) 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 1,779 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 1,590 sqft
    2019-09-01 0 days 1,597 sqft
    2019-10-01 0 days 1,590 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 1,431 sqft
    2022-12-01 0 days 1,396 sqft
    2023-01-01 0 days 1,515 sqft
    2023-02-01 0 days 1,680 sqft
    2023-03-01 0 days 1,913 sqft
    2023-04-01 0 days 2,046 sqft
    Parsons's median listing age (time on market) for 2023-04-01 was 0 days.

    Parsons's median square footage for active listings during the 2023-04-01 period was 2,046 sqft. One year prior, the average listing was 1,562 sqft.

    Parsons, KS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 160 $19,430,000 $121,438
    Refi 29 $2,465,000 $85,000
    Cash Out Refi 27 $2,935,000 $108,704
    Home Improvement 24 $1,080,000 $45,000
    Other 7 $375,000 $53,571

    Parsons's most frequently cited loan purpose was Home Purchase, with 160 originations. The 2nd most popular reason was Refi, with 29 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    5-6% 56 $5,760,000 $102,857
    4-5% 44 $4,210,000 $95,682
    6-7% 36 $3,420,000 $95,000
    3-4% 33 $4,695,000 $142,273
    2.5-3% 13 $795,000 $61,154
    <2.5% 5 $435,000 $87,000
    7-8% 3 $385,000 $128,333

    During 2022, Parsons's most frequently originated rate bucket was 5-6%, with 56 originations.

    Loan Sizing (Parsons, KS MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 141 $8,245,000 $58,475
    $100k-200k 81 $11,115,000 $137,222
    $200k-400k 22 $5,350,000 $243,182
    $400k-600k 2 $930,000 $465,000
    $600k-1000k 1 $645,000 $645,000

    Parsons's loan sizing saw the bucket of loans from $100,000 or less with 141 originations, totaling $8,245,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 117 $12,835,000 $109,701
    60-80% 39 $4,205,000 $107,821
    40-60% 13 $1,305,000 $100,385
    20-40% 11 $775,000 $70,455
    Under 20% 6 $150,000 $25,000
    Over 100% 3 $345,000 $115,000

    Parsons's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 117 originations, totaling $12,835,000 in origination value.