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 7.02% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

The average rate for the prior week (2023-11-22) was 7.39% and one month ago for the week of 2023-10-26, the average rate was 7.99%.

Parsons's average rate one year ago was 6.68%.

For refis of the same type during the week of 2023-11-30, the average rate was 7.32%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-11-30 7.22%
Parsons 30 Year Fixed Rate 2023-11-30 7.02%
Parsons 30 Year Fixed Rate Refi 2023-11-30 7.32%
Parsons 15 Year Fixed Rate 2023-11-30 6.66%
Parsons 15 Year Fixed Rate Refi 2023-11-30 6.96%
Parsons 30 Year FHA 2023-11-30 6.85%
Parsons 30 Year FHA Refi 2023-11-30 7.05%
Parsons 30 Year USDA 2023-11-30 7.2%
Parsons 30 Year USDA Refi 2023-11-30 7.1%
Parsons 30 Year VA 2023-11-30 6.67%
Parsons 30 Year VA Refi 2023-11-30 6.57%
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 $59,943 (0.0%) $101,222 (21.4%) 0.00 89
2019-04-01 $59,968 (-11.8%) $103,331 (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 (8.4%) 0.00 67
2020-03-01 $74,925 (25.0%) $107,244 (6.0%) 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
Parsons's median listing price for 2023-11-01 was $84,250, a difference of $-11,650 (-12.2%) versus the prior year and $-23,250 versus the prior month.

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

Parsons's average listing price for 2023-11-01 was $128,549, a difference of $-15,954 (-11.0%) versus the prior year and $-16,789 versus the prior month.

For the 2023-11-01 period, Parsons had 47 MLS listings, a difference of 4 listings (9%) versus the prior month and 4 listings (9%) 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
Parsons's median listing age (time on market) for 2023-11-01 was 0 days.

Parsons's median square footage for active listings during the 2023-11-01 period was 1,397 sqft. One year prior, the average listing was 1,398 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.