Pittsburg Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Pittsburg averaged
7.22%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
7.21% and
one month ago for the week of 2023-08-17, the
average rate was 7.02%.
Pittsburg's average rate one year ago was 5.85%.
For refis of the same type during the week of 2023-09-21, the average rate
was 7.29%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
Pittsburg 30 Year Fixed Rate | 2023-09-21 | 7.22% |
Pittsburg 30 Year Fixed Rate Refi | 2023-09-21 | 7.29% |
Pittsburg 15 Year Fixed Rate | 2023-09-21 | 6.54% |
Pittsburg 15 Year Fixed Rate Refi | 2023-09-21 | 7.04% |
Pittsburg 30 Year FHA | 2023-09-21 | 6.84% |
Pittsburg 30 Year FHA Refi | 2023-09-21 | 6.94% |
Pittsburg 30 Year USDA | 2023-09-21 | 6.82% |
Pittsburg 30 Year USDA Refi | 2023-09-21 | 6.82% |
Pittsburg 30 Year VA | 2023-09-21 | 6.72% |
Pittsburg 30 Year VA Refi | 2023-09-21 | 6.62% |
Pittsburg 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 Pittsburg, 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.).
Pittsburg Average Closing Costs & Other Stats
Pittsburg, KS's 37 lenders originated 655
loans during 2022. The total origination value was $98,965,000, with an average loan value of
$151,092.
Pittsburg's average closing costs are $3,687.
The top Pittsburg lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
51 loans originated. Their average total fees are
$3,131, which is $240
higher than the next largest lender,
Community National Bank & Trust.
The lowest fee Pittsburg lenders (with over 10 loans originated) are
Community National Bank & Trust ($2,891), FLAT BRANCH MORTGAGE, INC. ($3,131), Arvest Bank ($3,613), .
The lowest rate Pittsburg lenders (with over 10 loans originated) are
Arvest Bank (4.28%), Community National Bank & Trust (4.81%), FLAT BRANCH MORTGAGE, INC. (5.24%), .
Pittsburg, 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 |
---|---|---|---|---|
Community National Bank & Trust | $11,740,000 | $15,660,000 | 33.4% | 15.8% |
FLAT BRANCH MORTGAGE, INC. | $21,110,000 | $14,930,000 | -29.3% | 15.1% |
GNBank | $12,660,000 | $11,055,000 | -12.7% | 11.2% |
Arvest Bank | $6,810,000 | $8,680,000 | 27.5% | 8.8% |
Equity Bank | $5,745,000 | $6,355,000 | 10.6% | 6.4% |
Labette Bank | $6,935,000 | $5,245,000 | -24.4% | 5.3% |
Commerce Bank | $4,670,000 | $3,760,000 | -19.5% | 3.8% |
QUICKEN LOANS, LLC | $9,255,000 | $3,280,000 | -64.6% | 3.3% |
Gateway First Bank | $2,395,000 | $2,860,000 | 19.4% | 2.9% |
U.S. Bank | $3,155,000 | $2,715,000 | -13.9% | 2.7% |
Mortgage Research Center, LLC | $1,580,000 | $2,405,000 | 52.2% | 2.4% |
First Community Bank | $360,000 | $1,715,000 | 376.4% | 1.7% |
Landmark National Bank | $1,625,000 | $1,325,000 | -18.5% | 1.3% |
People's Bank of Seneca | $1,745,000 | $1,205,000 | -30.9% | 1.2% |
LOANDEPOT.COM, LLC | $1,390,000 | $1,150,000 | -17.3% | 1.2% |
Mortgage Investment Services Corporation | $2,205,000 | $720,000 | -67.3% | 0.7% |
BMO Harris Bank | $280,000 | $645,000 | 130.4% | 0.7% |
LEADERONE FINANCIAL CORPORATION | $150,000 | $585,000 | 290.0% | 0.6% |
First Bank | $185,000 | $545,000 | 194.6% | 0.6% |
Mr. Cooper ( Nationstar Mortgage ) | $815,000 | $535,000 | -34.4% | 0.5% |
JAMES B. NUTTER & COMPANY | $470,000 | n/a | 0.5% | |
Wells Fargo Bank | $1,370,000 | $465,000 | -66.1% | 0.5% |
PENNYMAC LOAN SERVICES, LLC | $765,000 | $460,000 | -39.9% | 0.5% |
COMMUNITYAMERICA | $475,000 | $435,000 | -8.4% | 0.4% |
Southwest Missouri Bank | $320,000 | $430,000 | 34.4% | 0.4% |
UMB Bank | $615,000 | $385,000 | -37.4% | 0.4% |
Ally Bank | $250,000 | $325,000 | 30.0% | 0.3% |
ROYAL UNITED MORTGAGE LLC | $305,000 | $325,000 | 6.6% | 0.3% |
Flagstar Bank, FSB | $760,000 | $310,000 | -59.2% | 0.3% |
KELLER MORTGAGE, LLC | $285,000 | n/a | 0.3% | |
Hawthorn Bank | $275,000 | n/a | 0.3% | |
AMERICAN FINANCING CORPORATION | $270,000 | n/a | 0.3% | |
NAVY FEDERAL CREDIT UNION | $165,000 | $260,000 | 57.6% | 0.3% |
JLB CORPORATION | $255,000 | n/a | 0.3% | |
CREDIT UNION OF AMERICA | $145,000 | $250,000 | 72.4% | 0.3% |
First State Bank of St. Charles, Missouri | $250,000 | n/a | 0.3% | |
FirstTrust Home Loans, Inc. | $140,000 | $240,000 | 71.4% | 0.2% |
GERSHMAN INVESTMENT CORP. | $230,000 | n/a | 0.2% | |
Farm Credit Mid-America, ACA | $535,000 | $225,000 | -57.9% | 0.2% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,290,000 | $220,000 | -82.9% | 0.2% |
Community Bank and Trust | $215,000 | n/a | 0.2% | |
NEWREZ LLC | $975,000 | $210,000 | -78.5% | 0.2% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $205,000 | n/a | 0.2% | |
Discover Bank | $350,000 | $205,000 | -41.4% | 0.2% |
RUOFF MORTGAGE COMPANY, INC. | $35,000 | $205,000 | 485.7% | 0.2% |
AMERISAVE MORTGAGE CORPORATION | $860,000 | $195,000 | -77.3% | 0.2% |
Fidelity Bank | $355,000 | $190,000 | -46.5% | 0.2% |
CHURCHILL MORTGAGE CORPORATION | $155,000 | $185,000 | 19.4% | 0.2% |
21ST MORTGAGE CORPORATION | $220,000 | $180,000 | -18.2% | 0.2% |
Bank of America | $670,000 | $180,000 | -73.1% | 0.2% |
Barrington Bank & Trust Company, N.A. | $65,000 | $175,000 | 169.2% | 0.2% |
BETTER MORTGAGE CORPORATION | $175,000 | n/a | 0.2% | |
FREEDOM MORTGAGE CORPORATION | $1,480,000 | $175,000 | -88.2% | 0.2% |
Mid-Missouri Bank | $530,000 | $175,000 | -67.0% | 0.2% |
ROUNDPOINT MORTGAGE SERVICING CORPORATION | $175,000 | n/a | 0.2% | |
First Federal Bank of Kansas City | $205,000 | $165,000 | -19.5% | 0.2% |
First National Bank of Omaha | $165,000 | n/a | 0.2% | |
HOME POINT FINANCIAL CORPORATION | $115,000 | $165,000 | 43.5% | 0.2% |
JPMorgan Chase Bank | $250,000 | $165,000 | -34.0% | 0.2% |
Pinnacle Bank | $3,285,000 | $165,000 | -95.0% | 0.2% |
USAA Federal Savings Bank | $590,000 | $165,000 | -72.0% | 0.2% |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $240,000 | $155,000 | -35.4% | 0.2% |
The First National Bank of Fort Smith | $155,000 | n/a | 0.2% | |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $145,000 | n/a | 0.1% | |
CROSSCOUNTRY MORTGAGE, LLC | $135,000 | n/a | 0.1% | |
ENDEAVOR CAPITAL, LLC. | $135,000 | n/a | 0.1% | |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $335,000 | $135,000 | -59.7% | 0.1% |
Academy Bank | $130,000 | n/a | 0.1% | |
GOLDEN PLAINS | $180,000 | $130,000 | -27.8% | 0.1% |
Bank of England | $505,000 | $115,000 | -77.2% | 0.1% |
BROKER SOLUTIONS, INC. | $185,000 | $115,000 | -37.8% | 0.1% |
First Option Bank | $115,000 | n/a | 0.1% | |
GUARANTEED RATE, INC. | $510,000 | $115,000 | -77.5% | 0.1% |
LIBERTY HOME MORTGAGE CORPORATION | $115,000 | n/a | 0.1% | |
Midwest Mortgage Associates Corporation | $115,000 | n/a | 0.1% | |
The Union State Bank of Everest | $115,000 | n/a | 0.1% | |
BAY EQUITY LLC | $105,000 | n/a | 0.1% | |
NEW DAY FINANCIAL, LLC | $285,000 | $105,000 | -63.2% | 0.1% |
DAS Acquisition Company, LLC | $1,795,000 | $95,000 | -94.7% | 0.1% |
Goodfield State Bank | $95,000 | n/a | 0.1% | |
Grand Savings Bank | $95,000 | n/a | 0.1% | |
LAKEVIEW LOAN SERVICING, LLC | $330,000 | $95,000 | -71.2% | 0.1% |
Mid-America Bank | $85,000 | n/a | 0.1% | |
North American Savings Bank, F.S.B. | $85,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $530,000 | $75,000 | -85.8% | 0.1% |
SOUTHWEST STAGE FUNDING, LLC | $75,000 | n/a | 0.1% | |
Envista Credit Union | $65,000 | n/a | 0.1% | |
SPRING EQ, LLC | $65,000 | n/a | 0.1% | |
Figure Lending LLC | $60,000 | n/a | 0.1% | |
NBH Bank | $55,000 | n/a | 0.1% | |
OPEN MORTGAGE, LLC | $55,000 | n/a | 0.1% | |
Silver Lake Bank | $55,000 | n/a | 0.1% | |
AMERICAN ADVISORS GROUP | $50,000 | n/a | 0.1% | |
Citibank | $45,000 | n/a | 0.0% | |
Bell Bank | $115,000 | $35,000 | -69.6% | 0.0% |
Citizens Bank of Amsterdam | $90,000 | $35,000 | -61.1% | 0.0% |
Simmons Bank | $25,000 | n/a | 0.0% | |
Deere Employees Credit Union | $15,000 | n/a | 0.0% |
Pittsburg's top lender by overall market share is Community National Bank & Trust, with 15.8% market share. In second place, with 15.1%, is FLAT BRANCH MORTGAGE, INC., having originated $14,930,000 in loans. In third place, with 11.2%, is GNBank, having originated $11,055,000 in loans. In fourth place, with 8.8%, is Arvest Bank, having originated $8,680,000 in loans. In fifth place, with 6.4%, is Equity Bank, having originated $6,355,000 in loans.
Pittsburg Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Pittsburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $75,060 (-1.6%) | $119,822 (-1.4%) | 0.00 | 192 |
2018-02-01 | $79,125 (5.2%) | $125,272 (2.3%) | 0.00 | 206 |
2018-03-01 | $86,000 (13.5%) | $130,397 (8.5%) | 0.00 | 207 |
2018-04-01 | $89,125 (18.1%) | $142,948 (22.9%) | 0.00 | 211 |
2018-05-01 | $89,700 (16.5%) | $143,973 (20.7%) | 0.00 | 205 |
2018-06-01 | $99,900 (25.0%) | $140,074 (16.5%) | 0.00 | 214 |
2018-07-01 | $93,100 (6.6%) | $140,086 (7.9%) | 0.00 | 211 |
2018-08-01 | $88,625 (4.4%) | $136,128 (4.6%) | 0.00 | 210 |
2018-09-01 | $88,250 (11.0%) | $134,441 (5.2%) | 0.00 | 209 |
2018-10-01 | $89,900 (13.6%) | $138,462 (7.9%) | 0.00 | 211 |
2018-11-01 | $89,975 (12.8%) | $139,055 (11.1%) | 0.00 | 203 |
2018-12-01 | $84,975 (6.7%) | $132,657 (7.4%) | 0.00 | 194 |
2019-01-01 | $79,950 (6.5%) | $127,303 (6.2%) | 0.00 | 182 |
2019-02-01 | $69,500 (-12.2%) | $118,751 (-5.2%) | 0.00 | 225 |
2019-03-01 | $76,686 (-10.8%) | $124,387 (-4.6%) | 0.00 | 203 |
2019-04-01 | $85,875 (-3.7%) | $132,817 (-7.1%) | 0.00 | 179 |
2019-05-01 | $86,178 (-3.9%) | $136,511 (-5.2%) | 0.00 | 164 |
2019-06-01 | $86,250 (-13.7%) | $130,708 (-6.7%) | 0.00 | 164 |
2019-07-01 | $78,625 (-15.6%) | $122,181 (-12.8%) | 0.00 | 161 |
2019-08-01 | $82,441 (-7.0%) | $118,999 (-12.6%) | 0.00 | 162 |
2019-09-01 | $78,227 (-11.4%) | $115,304 (-14.2%) | 0.00 | 167 |
2019-10-01 | $75,418 (-16.1%) | $112,842 (-18.5%) | 0.00 | 174 |
2019-11-01 | $74,900 (-16.8%) | $112,884 (-18.8%) | 0.00 | 170 |
2019-12-01 | $74,750 (-12.0%) | $107,909 (-18.7%) | 0.00 | 163 |
2020-01-01 | $74,000 (-7.4%) | $112,506 (-11.6%) | 0.00 | 142 |
2020-02-01 | $75,000 (7.9%) | $122,749 (3.4%) | 0.00 | 135 |
2020-03-01 | $91,750 (19.6%) | $132,544 (6.6%) | 0.00 | 123 |
2020-04-01 | $107,450 (25.1%) | $135,018 (1.7%) | 0.00 | 123 |
2020-05-01 | $114,640 (33.0%) | $135,417 (-0.8%) | 0.00 | 109 |
2020-06-01 | $115,960 (34.5%) | $136,380 (4.3%) | 0.00 | 90 |
2020-07-01 | $115,640 (47.1%) | $138,262 (13.2%) | 0.00 | 79 |
2020-08-01 | $116,280 (41.1%) | $141,371 (18.8%) | 0.00 | 89 |
2020-09-01 | $115,960 (48.2%) | $143,357 (24.3%) | 0.00 | 96 |
2020-10-01 | $116,280 (54.2%) | $146,709 (30.0%) | 0.00 | 101 |
2020-11-01 | $115,640 (54.4%) | $144,269 (27.8%) | 0.00 | 82 |
2020-12-01 | $115,640 (54.7%) | $137,333 (27.3%) | 0.00 | 75 |
2021-01-01 | $115,640 (56.3%) | $161,918 (43.9%) | 0.00 | 68 |
2021-02-01 | $99,875 (33.2%) | $162,881 (32.7%) | 0.00 | 60 |
2021-03-01 | $116,890 (27.4%) | $148,650 (12.2%) | 0.00 | 60 |
2021-04-01 | $114,390 (6.5%) | $138,372 (2.5%) | 0.00 | 58 |
2021-05-01 | $100,000 (-12.8%) | $144,364 (6.6%) | 0.00 | 51 |
2021-06-01 | $101,000 (-12.9%) | $140,782 (3.2%) | 0.00 | 81 |
2021-07-01 | $100,000 (-13.5%) | $140,927 (1.9%) | 0.00 | 75 |
2021-08-01 | $101,750 (-12.5%) | $142,950 (1.1%) | 0.00 | 59 |
2021-09-01 | $102,125 (-11.9%) | $144,133 (0.5%) | 0.00 | 64 |
2021-10-01 | $96,500 (-17.0%) | $165,057 (12.5%) | 0.00 | 58 |
2021-11-01 | $102,000 (-11.8%) | $166,817 (15.6%) | 0.00 | 60 |
2021-12-01 | $94,250 (-18.5%) | $165,963 (20.9%) | 0.00 | 70 |
2022-01-01 | $98,500 (-14.8%) | $164,018 (1.3%) | 0.00 | 77 |
2022-02-01 | $128,225 (28.4%) | $208,577 (28.1%) | 0.00 | 46 |
2022-03-01 | $116,900 (0.0%) | $213,076 (43.3%) | 0.00 | 39 |
2022-04-01 | $143,000 (25.0%) | $197,833 (43.0%) | 0.00 | 65 |
2022-05-01 | $175,000 (75.0%) | $219,417 (52.0%) | 0.00 | 66 |
2022-06-01 | $146,450 (45.0%) | $196,332 (39.5%) | 0.00 | 71 |
2022-07-01 | $152,000 (52.0%) | $206,521 (46.5%) | 0.00 | 80 |
2022-08-01 | $135,000 (32.7%) | $200,554 (40.3%) | 0.00 | 79 |
2022-09-01 | $128,000 (25.3%) | $195,955 (36.0%) | 0.00 | 76 |
2022-10-01 | $159,000 (64.8%) | $221,171 (34.0%) | 0.00 | 73 |
2022-11-01 | $160,750 (57.6%) | $241,501 (44.8%) | 0.00 | 74 |
2022-12-01 | $135,000 (43.2%) | $220,266 (32.7%) | 0.00 | 79 |
2023-01-01 | $157,000 (59.4%) | $243,084 (48.2%) | 0.00 | 68 |
2023-02-01 | $158,250 (23.4%) | $231,061 (10.8%) | 0.00 | 64 |
2023-03-01 | $147,475 (26.2%) | $226,211 (6.2%) | 0.00 | 46 |
2023-04-01 | $140,000 (-2.1%) | $236,815 (19.7%) | 0.00 | 49 |
2023-05-01 | $137,925 (-21.2%) | $191,492 (-12.7%) | 0.00 | 54 |
2023-06-01 | $175,500 (19.8%) | $245,474 (25.0%) | 0.00 | 64 |
2023-07-01 | $175,900 (15.7%) | $253,099 (22.6%) | 0.00 | 65 |
2023-08-01 | $192,000 (42.2%) | $251,106 (25.2%) | 0.00 | 63 |
Pittsburg's median listing price comes in at 0% of the national average.
Pittsburg's average listing price for 2023-08-01 was $251,106, a difference of $50,552 (25.2%) versus the prior year and $-1,993 versus the prior month.
For the 2023-08-01 period, Pittsburg had 63 MLS listings, a difference of -2 listings (-3%) versus the prior month and -16 listings (-20%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Pittsburg (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,359 sqft |
2018-02-01 | 0 days | 1,404 sqft |
2018-03-01 | 0 days | 1,450 sqft |
2018-04-01 | 0 days | 1,485 sqft |
2018-05-01 | 0 days | 1,521 sqft |
2018-06-01 | 0 days | 1,556 sqft |
2018-07-01 | 0 days | 1,559 sqft |
2018-08-01 | 0 days | 1,513 sqft |
2018-09-01 | 0 days | 1,508 sqft |
2018-10-01 | 0 days | 1,567 sqft |
2018-11-01 | 0 days | 1,564 sqft |
2018-12-01 | 0 days | 1,484 sqft |
2019-01-01 | 0 days | 1,428 sqft |
2019-02-01 | 0 days | 1,417 sqft |
2019-03-01 | 0 days | 1,400 sqft |
2019-04-01 | 0 days | 1,401 sqft |
2019-05-01 | 0 days | 1,440 sqft |
2019-06-01 | 0 days | 1,440 sqft |
2019-07-01 | 0 days | 1,434 sqft |
2019-08-01 | 0 days | 1,424 sqft |
2019-09-01 | 0 days | 1,392 sqft |
2019-10-01 | 0 days | 1,359 sqft |
2019-11-01 | 0 days | 1,348 sqft |
2019-12-01 | 0 days | 1,326 sqft |
2020-01-01 | 0 days | 1,337 sqft |
2020-02-01 | 0 days | 1,420 sqft |
2020-03-01 | 0 days | 1,444 sqft |
2020-04-01 | 0 days | 1,582 sqft |
2020-05-01 | 0 days | 1,554 sqft |
2020-06-01 | 0 days | 1,554 sqft |
2020-07-01 | 0 days | 1,673 sqft |
2020-08-01 | 0 days | 1,674 sqft |
2020-09-01 | 0 days | 1,540 sqft |
2020-10-01 | 0 days | 1,605 sqft |
2020-11-01 | 0 days | 1,494 sqft |
2020-12-01 | 0 days | 1,486 sqft |
2021-01-01 | 0 days | 1,450 sqft |
2021-02-01 | 0 days | 1,453 sqft |
2021-03-01 | 0 days | 1,506 sqft |
2021-04-01 | 0 days | 1,452 sqft |
2021-05-01 | 0 days | 1,456 sqft |
2021-06-01 | 0 days | 1,451 sqft |
2021-07-01 | 0 days | 1,388 sqft |
2021-08-01 | 0 days | 1,418 sqft |
2021-09-01 | 0 days | 1,448 sqft |
2021-10-01 | 0 days | 1,505 sqft |
2021-11-01 | 0 days | 1,448 sqft |
2021-12-01 | 0 days | 1,361 sqft |
2022-01-01 | 0 days | 1,305 sqft |
2022-02-01 | 0 days | 1,448 sqft |
2022-03-01 | 0 days | 1,448 sqft |
2022-04-01 | 0 days | 1,412 sqft |
2022-05-01 | 0 days | 1,452 sqft |
2022-06-01 | 0 days | 1,442 sqft |
2022-07-01 | 0 days | 1,459 sqft |
2022-08-01 | 0 days | 1,442 sqft |
2022-09-01 | 0 days | 1,442 sqft |
2022-10-01 | 0 days | 1,442 sqft |
2022-11-01 | 0 days | 1,442 sqft |
2022-12-01 | 0 days | 1,408 sqft |
2023-01-01 | 0 days | 1,442 sqft |
2023-02-01 | 0 days | 1,442 sqft |
2023-03-01 | 0 days | 1,420 sqft |
2023-04-01 | 0 days | 1,428 sqft |
2023-05-01 | 0 days | 1,414 sqft |
2023-06-01 | 0 days | 1,683 sqft |
2023-07-01 | 0 days | 1,731 sqft |
2023-08-01 | 0 days | 1,604 sqft |
Pittsburg's median square footage for active listings during the 2023-08-01 period was 1,604 sqft. One year prior, the average listing was 1,442 sqft.
Pittsburg, KS Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 405 | $69,415,000 | $171,395 |
Refi | 120 | $18,020,000 | $150,167 |
Cash Out Refi | 63 | $7,675,000 | $121,825 |
Home Improvement | 48 | $2,870,000 | $59,792 |
Other | 19 | $985,000 | $51,842 |
Pittsburg's most frequently cited loan purpose was Home Purchase, with 405 originations. The 2nd most popular reason was Refi, with 120 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 142 | $25,750,000 | $181,338 |
4-5% | 115 | $17,345,000 | $150,826 |
3-4% | 108 | $17,980,000 | $166,481 |
6-7% | 86 | $13,260,000 | $154,186 |
2.5-3% | 21 | $3,025,000 | $144,048 |
7-8% | 17 | $2,055,000 | $120,882 |
<2.5% | 14 | $1,040,000 | $74,286 |
Over 8% | 4 | $200,000 | $50,000 |
During 2022, Pittsburg's most frequently originated rate bucket was 5-6%, with 142 originations.
Loan Sizing (Pittsburg, KS MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100,000 or less | 315 | $19,225,000 | $61,032 |
$100k-200k | 213 | $30,005,000 | $140,869 |
$200k-400k | 104 | $27,960,000 | $268,846 |
$400k-600k | 11 | $5,125,000 | $465,909 |
$Over $1MM | 7 | $12,735,000 | $1,819,286 |
$600k-1000k | 5 | $3,915,000 | $783,000 |
Pittsburg's loan sizing saw the bucket of loans from $100,000 or less with 315 originations, totaling $19,225,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 255 | $41,195,000 | $161,549 |
60-80% | 147 | $29,035,000 | $197,517 |
40-60% | 39 | $5,205,000 | $133,462 |
20-40% | 36 | $2,460,000 | $68,333 |
Under 20% | 22 | $870,000 | $39,545 |
Over 100% | 8 | $1,890,000 | $236,250 |
Pittsburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 255 originations, totaling $41,195,000 in origination value.