Pittsburg Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Pittsburg averaged
7.1%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.63% and
one month ago for the week of 2024-10-03, the
average rate was 6.33%.
Pittsburg's average rate one year ago was 7.77%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.09%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Pittsburg 30 Year Fixed Rate | 2024-11-07 | 7.1% |
| Pittsburg 30 Year Fixed Rate Refi | 2024-11-07 | 7.09% |
| Pittsburg 15 Year Fixed Rate | 2024-11-07 | 5.8% |
| Pittsburg 15 Year Fixed Rate Refi | 2024-11-07 | 6.1% |
| Pittsburg 30 Year FHA | 2024-11-07 | 6.33% |
| Pittsburg 30 Year FHA Refi | 2024-11-07 | 6.63% |
| Pittsburg 30 Year USDA | 2024-11-07 | 6.28% |
| Pittsburg 30 Year USDA Refi | 2024-11-07 | 6.28% |
| Pittsburg 30 Year VA | 2024-11-07 | 6.54% |
| Pittsburg 30 Year VA Refi | 2024-11-07 | 6.54% |
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 39 lenders originated 587
loans during 2023. The total origination value was $79,775,000, with an average loan value of
$135,903.
Pittsburg's average closing costs are $3,893.
The top Pittsburg lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
32 loans originated. Their average total fees are
$3,520, which is $7
lower than the next largest lender,
Arvest Bank.
The lowest fee Pittsburg lenders (with over 10 loans originated) are
Community National Bank & Trust ($2,297), Gateway First Bank ($3,244), FLAT BRANCH MORTGAGE, INC. ($3,520), Arvest Bank ($3,527) and QUICKEN LOANS, LLC ($6,394).
The lowest rate Pittsburg lenders (with over 10 loans originated) are
FLAT BRANCH MORTGAGE, INC. (6.76%), Arvest Bank (6.93%), QUICKEN LOANS, LLC (6.95%), Community National Bank & Trust (7.18%) and Gateway First Bank (7.29%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| FLAT BRANCH MORTGAGE, INC. | $14,930,000 | $13,635,000 | -8.7% | 17.1% |
| GNBank | $11,055,000 | $10,100,000 | -8.6% | 12.7% |
| Community National Bank & Trust | $15,660,000 | $7,270,000 | -53.6% | 9.1% |
| Arvest Bank | $8,680,000 | $6,430,000 | -25.9% | 8.1% |
| QUICKEN LOANS, LLC | $3,280,000 | $3,300,000 | 0.6% | 4.1% |
| Commerce Bank | $3,760,000 | $2,915,000 | -22.5% | 3.7% |
| Equity Bank | $6,355,000 | $2,815,000 | -55.7% | 3.5% |
| Stockgrowers State Bank | $2,615,000 | n/a | 3.3% | |
| U.S. Bank | $2,715,000 | $2,315,000 | -14.7% | 2.9% |
| Gateway First Bank | $2,860,000 | $2,220,000 | -22.4% | 2.8% |
| Labette Bank | $5,245,000 | $1,955,000 | -62.7% | 2.5% |
| Mortgage Research Center, LLC | $2,405,000 | $1,490,000 | -38.0% | 1.9% |
| First Community Bank | $1,715,000 | $1,315,000 | -23.3% | 1.6% |
| Pinnacle Bank | $165,000 | $1,155,000 | 600.0% | 1.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $220,000 | $1,075,000 | 388.6% | 1.3% |
| Mortgage Investment Services Corporation | $720,000 | $1,070,000 | 48.6% | 1.3% |
| AMERISAVE MORTGAGE CORPORATION | $195,000 | $810,000 | 315.4% | 1.0% |
| People's Bank of Seneca | $1,205,000 | $775,000 | -35.7% | 1.0% |
| OPEN MORTGAGE, LLC | $55,000 | $765,000 | 1,290.9% | 1.0% |
| NBKC BANK | $715,000 | n/a | 0.9% | |
| DAS Acquisition Company, LLC | $95,000 | $670,000 | 605.3% | 0.8% |
| BMO Harris Bank | $645,000 | $640,000 | -0.8% | 0.8% |
| JPMorgan Chase Bank | $165,000 | $605,000 | 266.7% | 0.8% |
| DELMAR FINANCIAL COMPANY | $500,000 | n/a | 0.6% | |
| HALLMARK HOME MORTGAGE, LLC | $470,000 | n/a | 0.6% | |
| COMMUNITYAMERICA | $435,000 | $460,000 | 5.7% | 0.6% |
| Landmark National Bank | $1,325,000 | $450,000 | -66.0% | 0.6% |
| UMB Bank | $385,000 | $440,000 | 14.3% | 0.6% |
| T2 FINANCIAL LLC | $435,000 | n/a | 0.5% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $415,000 | n/a | 0.5% | |
| Bankers' Bank | $380,000 | n/a | 0.5% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $370,000 | n/a | 0.5% | |
| FREEDOM MORTGAGE CORPORATION | $175,000 | $360,000 | 105.7% | 0.5% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $360,000 | n/a | 0.5% | |
| PENNYMAC LOAN SERVICES, LLC | $460,000 | $350,000 | -23.9% | 0.4% |
| First Bank | $545,000 | $345,000 | -36.7% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $75,000 | $335,000 | 346.7% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $260,000 | $330,000 | 26.9% | 0.4% |
| GOLDEN PLAINS | $130,000 | $325,000 | 150.0% | 0.4% |
| RCB Bank | $325,000 | n/a | 0.4% | |
| Oakstar Bank | $320,000 | n/a | 0.4% | |
| Nations Lending Corporation | $300,000 | n/a | 0.4% | |
| CORNERSTONE HOME LENDING, INC. | $275,000 | n/a | 0.3% | |
| Truist | $275,000 | n/a | 0.3% | |
| First State Bank of St. Charles, Missouri | $250,000 | $270,000 | 8.0% | 0.3% |
| LOANDEPOT.COM, LLC | $1,150,000 | $270,000 | -76.5% | 0.3% |
| The Central Trust Bank | $255,000 | n/a | 0.3% | |
| The Federal Savings Bank | $255,000 | n/a | 0.3% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $135,000 | $245,000 | 81.5% | 0.3% |
| First National Bank of Omaha | $165,000 | $235,000 | 42.4% | 0.3% |
| TOP FLITE FINANCIAL, INC. | $225,000 | n/a | 0.3% | |
| FLINT HILLS BANK | $210,000 | n/a | 0.3% | |
| NEW DAY FINANCIAL, LLC | $105,000 | $210,000 | 100.0% | 0.3% |
| Capitol Federal Savings Bank | $205,000 | n/a | 0.3% | |
| Bank of America | $180,000 | $200,000 | 11.1% | 0.3% |
| Flagstar Bank, FSB | $310,000 | $195,000 | -37.1% | 0.2% |
| LEADERONE FINANCIAL CORPORATION | $585,000 | $195,000 | -66.7% | 0.2% |
| Adrian Bank | $175,000 | n/a | 0.2% | |
| Deere Employees Credit Union | $15,000 | $150,000 | 900.0% | 0.2% |
| Stone Bank | $145,000 | n/a | 0.2% | |
| SOUTHWEST STAGE FUNDING, LLC | $75,000 | $135,000 | 80.0% | 0.2% |
| Mid-America Bank | $85,000 | $125,000 | 47.1% | 0.2% |
| BROKER SOLUTIONS, INC. | $115,000 | $115,000 | 0.0% | 0.1% |
| Fifth Third Bank | $115,000 | n/a | 0.1% | |
| Mr. Cooper ( Nationstar Mortgage ) | $535,000 | $115,000 | -78.5% | 0.1% |
| USAA Federal Savings Bank | $165,000 | $105,000 | -36.4% | 0.1% |
| ZILLOW HOME LOANS, LLC | $105,000 | n/a | 0.1% | |
| Discover Bank | $205,000 | $90,000 | -56.1% | 0.1% |
| GERSHMAN INVESTMENT CORP. | $230,000 | $85,000 | -63.0% | 0.1% |
| HOMESIDE FINANCIAL, LLC | $85,000 | n/a | 0.1% | |
| SIRVA MORTGAGE, INC. | $85,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $325,000 | $80,000 | -75.4% | 0.1% |
| Plains Commerce Bank | $75,000 | n/a | 0.1% | |
| UNITED WHOLESALE MORTGAGE, LLC | $75,000 | n/a | 0.1% | |
| Citizens Bank of Amsterdam | $35,000 | $65,000 | 85.7% | 0.1% |
| Springfield First Community Bank | $65,000 | n/a | 0.1% | |
| Wells Fargo Bank | $465,000 | $65,000 | -86.0% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $55,000 | n/a | 0.1% | |
| Goodfield State Bank | $95,000 | $55,000 | -42.1% | 0.1% |
| Figure Lending LLC | $60,000 | $50,000 | -16.7% | 0.1% |
| PEOPLES STATE BANK | $45,000 | n/a | 0.1% | |
| BOKF | $35,000 | n/a | 0.0% | |
| CREDIT UNION OF AMERICA | $250,000 | $35,000 | -86.0% | 0.0% |
Pittsburg's top lender by overall market share is FLAT BRANCH MORTGAGE, INC., with 17.1% market share. In second place, with 12.7%, is GNBank, having originated $10,100,000 in loans. In third place, with 9.1%, is Community National Bank & Trust, having originated $7,270,000 in loans. In fourth place, with 8.1%, is Arvest Bank, having originated $6,430,000 in loans. In fifth place, with 4.1%, is QUICKEN LOANS, LLC, having originated $3,300,000 in loans.
Pittsburg, KS Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 354 | $53,990,000 | $152,514 |
| Refi | 88 | $12,690,000 | $144,205 |
| Cash Out Refi | 58 | $7,190,000 | $123,966 |
| Home Improvement | 53 | $3,295,000 | $62,170 |
| Other | 34 | $2,610,000 | $76,765 |
Pittsburg's most frequently cited loan purpose was Home Purchase, with 354 originations. The 2nd most popular reason was Refi, with 88 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 172 | $27,240,000 | $158,372 |
| 7-8% | 152 | $23,270,000 | $153,092 |
| Over 8% | 94 | $8,050,000 | $85,638 |
| 5-6% | 31 | $4,805,000 | $155,000 |
| 2.5-3% | 3 | $105,000 | $35,000 |
| <2.5% | 2 | $60,000 | $30,000 |
| 4-5% | 1 | $105,000 | $105,000 |
During 2023, Pittsburg's most frequently originated rate bucket was 6-7%, with 172 originations.
Loan Sizing (Pittsburg, KS MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100,000 or less | 265 | $15,445,000 | $58,283 |
| $100k-200k | 215 | $29,595,000 | $137,651 |
| $200k-400k | 92 | $24,780,000 | $269,348 |
| $400k-600k | 12 | $5,510,000 | $459,167 |
| $600k-1000k | 2 | $1,730,000 | $865,000 |
| $Over $1MM | 1 | $2,715,000 | $2,715,000 |
Pittsburg's loan sizing saw the bucket of loans from $100,000 or less with 265 originations, totaling $15,445,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 230 | $36,250,000 | $157,609 |
| 60-80% | 92 | $14,440,000 | $156,957 |
| 20-40% | 45 | $3,565,000 | $79,222 |
| 40-60% | 42 | $5,110,000 | $121,667 |
| Under 20% | 32 | $1,290,000 | $40,313 |
| Over 100% | 13 | $2,955,000 | $227,308 |
Pittsburg's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 230 originations, totaling $36,250,000 in origination value.