Salina Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Salina averaged
6.67%
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%.
Salina'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% |
Salina 30 Year Fixed Rate | 2023-05-25 | 6.67% |
Salina 30 Year Fixed Rate Refi | 2023-05-25 | 7.17% |
Salina 15 Year Fixed Rate | 2023-05-25 | 5.97% |
Salina 15 Year Fixed Rate Refi | 2023-05-25 | 6.47% |
Salina 30 Year FHA | 2023-05-25 | 6.54% |
Salina 30 Year FHA Refi | 2023-05-25 | 6.51% |
Salina 30 Year USDA | 2023-05-25 | 6.63% |
Salina 30 Year USDA Refi | 2023-05-25 | 6.53% |
Salina 30 Year VA | 2023-05-25 | 6.41% |
Salina 30 Year VA Refi | 2023-05-25 | 6.61% |
Salina 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 Salina, 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.).
Salina Average Closing Costs & Other Stats
Salina, KS's 67 lenders originated 722
loans during 2022. The total origination value was $152,170,000, with an average loan value of
$210,762.
Salina's average closing costs are $3,453.
The top Salina lender as defined by loan originations is Sunflower Bank, with
26 loans originated. Their average total fees are
$2,260, which is $195
lower than the next largest lender,
NBH Bank.
The lowest fee Salina lenders (with over 10 loans originated) are
Central National Bank ($1,672), Exchange Bank ($1,880), MID AMERICA MORTGAGE, INC. ($2,235), Sunflower Bank ($2,260) and NBH Bank ($2,455).
The lowest rate Salina lenders (with over 10 loans originated) are
Exchange Bank (4.81%), QUICKEN LOANS, LLC (4.81%), Sunflower Bank (4.99%), NBH Bank (5.29%) and Central National Bank (5.47%).
Salina, 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 |
---|---|---|---|---|
The Bennington State Bank | $26,815,000 | $26,240,000 | -2.1% | 17.2% |
ORIX REAL ESTATE CAPITAL, LLC | $21,605,000 | n/a | 14.2% | |
NBH Bank | $15,040,000 | $12,210,000 | -18.8% | 8.0% |
Cedar Rapids Bank and Trust Company | $11,700,000 | n/a | 7.7% | |
Exchange Bank | $75,000 | $7,695,000 | 10,160.0% | 5.1% |
Sunflower Bank | $8,535,000 | $5,845,000 | -31.5% | 3.8% |
QUICKEN LOANS, LLC | $16,480,000 | $5,280,000 | -68.0% | 3.5% |
Central National Bank | $9,095,000 | $4,265,000 | -53.1% | 2.8% |
MID AMERICA MORTGAGE, INC. | $2,940,000 | $3,940,000 | 34.0% | 2.6% |
Mortgage Investment Services Corporation | $3,305,000 | $3,640,000 | 10.1% | 2.4% |
Mortgage Research Center, LLC | $3,570,000 | $3,155,000 | -11.6% | 2.1% |
HOME POINT FINANCIAL CORPORATION | $3,960,000 | $2,815,000 | -28.9% | 1.8% |
FREEDOM MORTGAGE CORPORATION | $9,340,000 | $2,610,000 | -72.1% | 1.7% |
Mr. Cooper ( Nationstar Mortgage ) | $1,905,000 | $1,990,000 | 4.5% | 1.3% |
Capitol Federal Savings Bank | $6,685,000 | $1,695,000 | -74.6% | 1.1% |
Pinnacle Bank | $340,000 | $1,600,000 | 370.6% | 1.1% |
AMERISAVE MORTGAGE CORPORATION | $1,660,000 | $1,295,000 | -22.0% | 0.9% |
LOANDEPOT.COM, LLC | $3,170,000 | $1,275,000 | -59.8% | 0.8% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $585,000 | $1,250,000 | 113.7% | 0.8% |
Wells Fargo Bank | $2,010,000 | $1,190,000 | -40.8% | 0.8% |
CREDIT UNION OF AMERICA | $2,455,000 | $1,115,000 | -54.6% | 0.7% |
NAVY FEDERAL CREDIT UNION | $1,055,000 | $1,100,000 | 4.3% | 0.7% |
Equity Bank | $450,000 | $1,045,000 | 132.2% | 0.7% |
PEOPLES STATE BANK | $975,000 | n/a | 0.6% | |
USAA Federal Savings Bank | $1,315,000 | $960,000 | -27.0% | 0.6% |
UNION HOME MORTGAGE CORP. | $1,720,000 | $930,000 | -45.9% | 0.6% |
The Huntington National Bank | $920,000 | n/a | 0.6% | |
PRIMARY RESIDENTIAL MORTGAGE, INC. | $2,700,000 | $845,000 | -68.7% | 0.6% |
FLAT BRANCH MORTGAGE, INC. | $630,000 | $820,000 | 30.2% | 0.5% |
PLANET HOME LENDING, LLC | $400,000 | $795,000 | 98.8% | 0.5% |
KELLER MORTGAGE, LLC | $1,010,000 | $755,000 | -25.2% | 0.5% |
AMERICAN FINANCING CORPORATION | $165,000 | $725,000 | 339.4% | 0.5% |
Flagstar Bank, FSB | $665,000 | $705,000 | 6.0% | 0.5% |
MERITRUST Federal Credit Union | $190,000 | $670,000 | 252.6% | 0.4% |
UMB Bank | $2,205,000 | $605,000 | -72.6% | 0.4% |
The Bank of Missouri | $595,000 | n/a | 0.4% | |
First National Bank of Omaha | $135,000 | $565,000 | 318.5% | 0.4% |
Carrington Mortgage Services, LLC | $1,260,000 | $495,000 | -60.7% | 0.3% |
Gateway First Bank | $2,990,000 | $495,000 | -83.4% | 0.3% |
Emprise Bank | $5,000 | $460,000 | 9,100.0% | 0.3% |
Armed Forces Bank | $450,000 | n/a | 0.3% | |
PENNYMAC LOAN SERVICES, LLC | $3,805,000 | $440,000 | -88.4% | 0.3% |
FirstBank | $435,000 | n/a | 0.3% | |
West Gate Bank | $2,430,000 | $435,000 | -82.1% | 0.3% |
Bank of America | $455,000 | $430,000 | -5.5% | 0.3% |
OPEN MORTGAGE, LLC | $405,000 | n/a | 0.3% | |
BETTER MORTGAGE CORPORATION | $615,000 | $380,000 | -38.2% | 0.2% |
Simmons Bank | $365,000 | n/a | 0.2% | |
Ameris Bank | $355,000 | n/a | 0.2% | |
PLAZA HOME MORTGAGE, INC. | $355,000 | n/a | 0.2% | |
CMG MORTGAGE, INC. | $525,000 | $350,000 | -33.3% | 0.2% |
JPMorgan Chase Bank | $630,000 | $350,000 | -44.4% | 0.2% |
COMMUNITYAMERICA | $575,000 | $320,000 | -44.3% | 0.2% |
Intrust Bank | $90,000 | $320,000 | 255.6% | 0.2% |
Paramount Residential Mortgage Group, Inc. | $320,000 | n/a | 0.2% | |
The Farmers State Bank of Westmoreland | $315,000 | n/a | 0.2% | |
Bank of the Flint Hills | $310,000 | n/a | 0.2% | |
EVERETT FINANCIAL, INC. | $115,000 | $305,000 | 165.2% | 0.2% |
RED DIAMOND HOME LOANS, LLC | $330,000 | $300,000 | -9.1% | 0.2% |
NBKC BANK | $295,000 | n/a | 0.2% | |
GOLDEN PLAINS | $675,000 | $290,000 | -57.0% | 0.2% |
GUARANTEED RATE, INC. | $285,000 | n/a | 0.2% | |
Regent Financial Group, Inc. | $370,000 | $275,000 | -25.7% | 0.2% |
Arvest Bank | $250,000 | $270,000 | 8.0% | 0.2% |
NEW DAY FINANCIAL, LLC | $585,000 | $260,000 | -55.6% | 0.2% |
BROKER SOLUTIONS, INC. | $1,890,000 | $255,000 | -86.5% | 0.2% |
Sierra Pacific Mortgage Company, Inc. | $55,000 | $255,000 | 363.6% | 0.2% |
The Northern Trust Company | $255,000 | n/a | 0.2% | |
LEADERONE FINANCIAL CORPORATION | $1,720,000 | $250,000 | -85.5% | 0.2% |
The Federal Savings Bank | $520,000 | $245,000 | -52.9% | 0.2% |
Plains Commerce Bank | $240,000 | n/a | 0.2% | |
CHURCHILL MORTGAGE CORPORATION | $380,000 | $230,000 | -39.5% | 0.2% |
NEWREZ LLC | $520,000 | $220,000 | -57.7% | 0.1% |
Community First National Bank | $265,000 | $215,000 | -18.9% | 0.1% |
The Citizens State Bank | $475,000 | $215,000 | -54.7% | 0.1% |
ROYAL UNITED MORTGAGE LLC | $380,000 | $210,000 | -44.7% | 0.1% |
Baxter Credit Union | $75,000 | $205,000 | 173.3% | 0.1% |
GENEVA FINANCIAL, LLC | $205,000 | n/a | 0.1% | |
UNITED WHOLESALE MORTGAGE, LLC | $455,000 | $190,000 | -58.2% | 0.1% |
Landmark National Bank | $185,000 | n/a | 0.1% | |
RELIANCE FIRST CAPITAL, LLC | $145,000 | $185,000 | 27.6% | 0.1% |
Morgan Stanley Private Bank | $175,000 | n/a | 0.1% | |
Colonial Savings, F.A. | $835,000 | $170,000 | -79.6% | 0.1% |
SUMMIT FUNDING, INC. | $165,000 | n/a | 0.1% | |
Bankers' Bank | $155,000 | n/a | 0.1% | |
MUTUAL OF OMAHA MORTGAGE, INC. | $155,000 | n/a | 0.1% | |
SPRING EQ, LLC | $140,000 | n/a | 0.1% | |
Members Mortgage Services, L.L.C. | $270,000 | $135,000 | -50.0% | 0.1% |
GERSHMAN INVESTMENT CORP. | $125,000 | n/a | 0.1% | |
HOMEBRIDGE FINANCIAL SERVICES, INC. | $125,000 | n/a | 0.1% | |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $505,000 | $115,000 | -77.2% | 0.1% |
HOMESIDE FINANCIAL, LLC | $370,000 | $115,000 | -68.9% | 0.1% |
Kaw Valley Bank | $115,000 | n/a | 0.1% | |
INLANTA MORTGAGE, INC. | $105,000 | n/a | 0.1% | |
NETWORK CAPITAL FUNDING CORPORATION | $105,000 | n/a | 0.1% | |
SUN WEST MORTGAGE COMPANY, INC. | $105,000 | n/a | 0.1% | |
ANGEL OAK MORTGAGE SOLUTIONS LLC | $95,000 | n/a | 0.1% | |
Discover Bank | $95,000 | $85,000 | -10.5% | 0.1% |
ARK-LA-TEX FINANCIAL SERVICES, LLC. | $75,000 | n/a | 0.0% | |
U.S. Bank | $1,120,000 | $65,000 | -94.2% | 0.0% |
Commerce Bank | $55,000 | n/a | 0.0% | |
LENDINGHOME FUNDING CORPORATION | $55,000 | n/a | 0.0% | |
FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
Figure Lending LLC | $35,000 | n/a | 0.0% | |
AMERICAN ADVISORS GROUP | $90,000 | $25,000 | -72.2% | 0.0% |
Salina's top lender by overall market share is The Bennington State Bank, with 17.2% market share. In second place, with 14.2%, is ORIX REAL ESTATE CAPITAL, LLC, having originated $21,605,000 in loans. In third place, with 8.0%, is NBH Bank, having originated $12,210,000 in loans. In fourth place, with 7.7%, is Cedar Rapids Bank and Trust Company, having originated $11,700,000 in loans. In fifth place, with 5.1%, is Exchange Bank, having originated $7,695,000 in loans.
Salina Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - Salina (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 | $135,700 (-8.8%) | $181,666 (-7.5%) | 0.00 | 155 |
2018-02-01 | $156,050 (5.8%) | $192,050 (-3.7%) | 0.00 | 158 |
2018-03-01 | $150,000 (0.0%) | $191,661 (-3.4%) | 0.00 | 152 |
2018-04-01 | $158,975 (9.6%) | $198,116 (3.8%) | 0.00 | 170 |
2018-05-01 | $159,475 (7.2%) | $195,628 (3.4%) | 0.00 | 172 |
2018-06-01 | $155,450 (0.5%) | $188,693 (0.7%) | 0.00 | 177 |
2018-07-01 | $148,225 (0.5%) | $186,593 (0.1%) | 0.00 | 183 |
2018-08-01 | $145,000 (0.3%) | $180,570 (-1.3%) | 0.00 | 184 |
2018-09-01 | $144,950 (0.0%) | $183,899 (-0.1%) | 0.00 | 181 |
2018-10-01 | $147,225 (0.7%) | $190,138 (2.9%) | 0.00 | 178 |
2018-11-01 | $151,925 (4.8%) | $191,343 (6.2%) | 0.00 | 179 |
2018-12-01 | $158,900 (14.3%) | $190,077 (5.8%) | 0.00 | 169 |
2019-01-01 | $158,975 (17.2%) | $194,761 (7.2%) | 0.00 | 150 |
2019-02-01 | $142,475 (-8.7%) | $192,038 (0.0%) | 0.00 | 145 |
2019-03-01 | $153,450 (2.3%) | $196,125 (2.3%) | 0.00 | 130 |
2019-04-01 | $173,950 (9.4%) | $205,440 (3.7%) | 0.00 | 121 |
2019-05-01 | $187,500 (17.6%) | $223,557 (14.3%) | 0.00 | 129 |
2019-06-01 | $169,900 (9.3%) | $220,555 (16.9%) | 0.00 | 134 |
2019-07-01 | $152,500 (2.9%) | $193,312 (3.6%) | 0.00 | 172 |
2019-08-01 | $150,900 (4.1%) | $186,812 (3.5%) | 0.00 | 178 |
2019-09-01 | $151,725 (4.7%) | $193,925 (5.5%) | 0.00 | 182 |
2019-10-01 | $144,000 (-2.2%) | $192,149 (1.1%) | 0.00 | 180 |
2019-11-01 | $144,400 (-5.0%) | $194,097 (1.4%) | 0.00 | 151 |
2019-12-01 | $142,475 (-10.3%) | $190,813 (0.4%) | 0.00 | 149 |
2020-01-01 | $149,000 (-6.3%) | $198,502 (1.9%) | 0.00 | 137 |
2020-02-01 | $147,200 (3.3%) | $196,186 (2.2%) | 0.00 | 122 |
2020-03-01 | $150,900 (-1.7%) | $205,358 (4.7%) | 0.00 | 127 |
2020-04-01 | $149,450 (-14.1%) | $206,276 (0.4%) | 0.00 | 134 |
2020-05-01 | $147,450 (-21.4%) | $196,203 (-12.2%) | 0.00 | 116 |
2020-06-01 | $146,500 (-13.8%) | $207,435 (-6.0%) | 0.00 | 100 |
2020-07-01 | $140,100 (-8.1%) | $208,335 (7.8%) | 0.00 | 86 |
2020-08-01 | $145,000 (-3.9%) | $217,040 (16.2%) | 0.00 | 79 |
2020-09-01 | $134,825 (-11.1%) | $206,100 (6.3%) | 0.00 | 85 |
2020-10-01 | $122,500 (-14.9%) | $189,729 (-1.3%) | 0.00 | 80 |
2020-11-01 | $123,975 (-14.1%) | $185,361 (-4.5%) | 0.00 | 76 |
2020-12-01 | $114,000 (-20.0%) | $185,550 (-2.8%) | 0.00 | 70 |
2021-01-01 | $127,000 (-14.8%) | $204,301 (2.9%) | 0.00 | 63 |
2021-02-01 | $149,925 (1.9%) | $223,160 (13.8%) | 0.00 | 66 |
2021-03-01 | $147,975 (-1.9%) | $211,608 (3.0%) | 0.00 | 63 |
2021-04-01 | $124,850 (-16.5%) | $176,610 (-14.4%) | 0.00 | 59 |
2021-05-01 | $135,000 (-8.4%) | $194,261 (-1.0%) | 0.00 | 52 |
2021-06-01 | $141,500 (-3.4%) | $207,628 (0.1%) | 0.00 | 54 |
2021-07-01 | $139,900 (-0.1%) | $254,439 (22.1%) | 0.00 | 56 |
2021-08-01 | $126,950 (-12.5%) | $240,075 (10.6%) | 0.00 | 57 |
2021-09-01 | $129,700 (-3.8%) | $226,816 (10.1%) | 0.00 | 67 |
2021-10-01 | $136,000 (11.0%) | $244,000 (28.6%) | 0.00 | 58 |
2021-11-01 | $96,700 (-22.0%) | $195,589 (5.5%) | 0.00 | 73 |
2021-12-01 | $126,225 (10.7%) | $233,275 (25.7%) | 0.00 | 65 |
2022-01-01 | $109,000 (-14.2%) | $241,870 (18.4%) | 0.00 | 49 |
2022-02-01 | $91,000 (-39.3%) | $247,586 (11.0%) | 0.00 | 60 |
2022-03-01 | $98,725 (-33.3%) | $235,072 (11.1%) | 0.00 | 59 |
2022-04-01 | $142,000 (13.7%) | $248,472 (40.7%) | 0.00 | 66 |
2022-05-01 | $129,375 (-4.2%) | $195,050 (0.4%) | 0.00 | 66 |
2022-06-01 | $130,975 (-7.4%) | $201,017 (-3.2%) | 0.00 | 67 |
2022-07-01 | $192,450 (37.6%) | $259,207 (1.9%) | 0.00 | 66 |
2022-08-01 | $209,975 (65.4%) | $290,672 (21.1%) | 0.00 | 65 |
2022-09-01 | $172,200 (32.8%) | $256,739 (13.2%) | 0.00 | 70 |
2022-10-01 | $172,450 (26.8%) | $243,934 (0.0%) | 0.00 | 83 |
2022-11-01 | $180,000 (86.1%) | $240,131 (22.8%) | 0.00 | 87 |
2022-12-01 | $180,000 (42.6%) | $225,168 (-3.5%) | 0.00 | 71 |
2023-01-01 | $204,000 (87.2%) | $254,868 (5.4%) | 0.00 | 64 |
2023-02-01 | $179,250 (97.0%) | $248,127 (0.2%) | 0.00 | 65 |
2023-03-01 | $196,750 (99.3%) | $279,166 (18.8%) | 0.00 | 61 |
2023-04-01 | $204,000 (43.7%) | $285,423 (14.9%) | 0.00 | 64 |
Salina's median listing price comes in at 0% of the national average.
Salina's average listing price for 2023-04-01 was $285,423, a difference of $36,951 (14.9%) versus the prior year and $6,257 versus the prior month.
For the 2023-04-01 period, Salina had 64 MLS listings, a difference of 3 listings (5%) versus the prior month and -2 listings (-3%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Salina (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 0 days | 1,427 sqft |
2018-02-01 | 0 days | 1,427 sqft |
2018-03-01 | 0 days | 1,447 sqft |
2018-04-01 | 0 days | 1,483 sqft |
2018-05-01 | 0 days | 1,477 sqft |
2018-06-01 | 0 days | 1,496 sqft |
2018-07-01 | 0 days | 1,520 sqft |
2018-08-01 | 0 days | 1,475 sqft |
2018-09-01 | 0 days | 1,478 sqft |
2018-10-01 | 0 days | 1,504 sqft |
2018-11-01 | 0 days | 1,493 sqft |
2018-12-01 | 0 days | 1,494 sqft |
2019-01-01 | 0 days | 1,497 sqft |
2019-02-01 | 0 days | 1,471 sqft |
2019-03-01 | 0 days | 1,545 sqft |
2019-04-01 | 0 days | 1,589 sqft |
2019-05-01 | 0 days | 1,609 sqft |
2019-06-01 | 0 days | 1,559 sqft |
2019-07-01 | 0 days | 1,488 sqft |
2019-08-01 | 0 days | 1,478 sqft |
2019-09-01 | 0 days | 1,495 sqft |
2019-10-01 | 0 days | 1,458 sqft |
2019-11-01 | 0 days | 1,470 sqft |
2019-12-01 | 0 days | 1,441 sqft |
2020-01-01 | 0 days | 1,463 sqft |
2020-02-01 | 0 days | 1,456 sqft |
2020-03-01 | 0 days | 1,468 sqft |
2020-04-01 | 0 days | 1,482 sqft |
2020-05-01 | 0 days | 1,467 sqft |
2020-06-01 | 0 days | 1,468 sqft |
2020-07-01 | 0 days | 1,440 sqft |
2020-08-01 | 0 days | 1,438 sqft |
2020-09-01 | 0 days | 1,442 sqft |
2020-10-01 | 0 days | 1,340 sqft |
2020-11-01 | 0 days | 1,392 sqft |
2020-12-01 | 0 days | 1,356 sqft |
2021-01-01 | 0 days | 1,477 sqft |
2021-02-01 | 0 days | 1,542 sqft |
2021-03-01 | 0 days | 1,424 sqft |
2021-04-01 | 0 days | 1,298 sqft |
2021-05-01 | 0 days | 1,344 sqft |
2021-06-01 | 0 days | 1,438 sqft |
2021-07-01 | 0 days | 1,400 sqft |
2021-08-01 | 0 days | 1,350 sqft |
2021-09-01 | 0 days | 1,375 sqft |
2021-10-01 | 0 days | 1,374 sqft |
2021-11-01 | 0 days | 1,132 sqft |
2021-12-01 | 0 days | 1,229 sqft |
2022-01-01 | 0 days | 1,144 sqft |
2022-02-01 | 0 days | 1,144 sqft |
2022-03-01 | 0 days | 1,144 sqft |
2022-04-01 | 0 days | 1,185 sqft |
2022-05-01 | 0 days | 1,219 sqft |
2022-06-01 | 0 days | 1,197 sqft |
2022-07-01 | 0 days | 1,472 sqft |
2022-08-01 | 0 days | 1,476 sqft |
2022-09-01 | 0 days | 1,390 sqft |
2022-10-01 | 0 days | 1,394 sqft |
2022-11-01 | 0 days | 1,382 sqft |
2022-12-01 | 0 days | 1,364 sqft |
2023-01-01 | 0 days | 1,435 sqft |
2023-02-01 | 0 days | 1,388 sqft |
2023-03-01 | 0 days | 1,441 sqft |
2023-04-01 | 0 days | 1,451 sqft |
Salina's median square footage for active listings during the 2023-04-01 period was 1,451 sqft. One year prior, the average listing was 1,185 sqft.
Salina, KS Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 445 | $113,125,000 | $254,213 |
Cash Out Refi | 114 | $13,960,000 | $122,456 |
Refi | 111 | $15,835,000 | $142,658 |
Home Improvement | 36 | $7,990,000 | $221,944 |
Other | 16 | $1,260,000 | $78,750 |
Salina's most frequently cited loan purpose was Home Purchase, with 445 originations. The 2nd most popular reason was Cash Out Refi, with 114 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 165 | $26,025,000 | $157,727 |
4-5% | 146 | $23,270,000 | $159,384 |
3-4% | 117 | $19,125,000 | $163,462 |
6-7% | 83 | $12,445,000 | $149,940 |
7-8% | 31 | $3,715,000 | $119,839 |
2.5-3% | 26 | $3,760,000 | $144,615 |
<2.5% | 14 | $24,350,000 | $1,739,286 |
Over 8% | 5 | $235,000 | $47,000 |
During 2022, Salina's most frequently originated rate bucket was 5-6%, with 165 originations.
Loan Sizing (Salina, KS MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$100k-200k | 314 | $44,970,000 | $143,217 |
$100,000 or less | 238 | $14,640,000 | $61,513 |
$200k-400k | 142 | $37,480,000 | $263,944 |
$400k-600k | 19 | $9,075,000 | $477,632 |
$Over $1MM | 5 | $43,235,000 | $8,647,000 |
$600k-1000k | 4 | $2,770,000 | $692,500 |
Salina's loan sizing saw the bucket of loans from $100k-200k with 314 originations, totaling $44,970,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 320 | $56,830,000 | $177,594 |
60-80% | 169 | $24,905,000 | $147,367 |
40-60% | 34 | $3,900,000 | $114,706 |
20-40% | 28 | $2,290,000 | $81,786 |
Under 20% | 23 | $1,105,000 | $48,043 |
Over 100% | 7 | $22,805,000 | $3,257,857 |
Salina's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 320 originations, totaling $56,830,000 in origination value.