Salina 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 Salina averaged 6.98% for the week of 2024-07-18, compared to the national average of 6.77% for the same period.

    The average rate for the prior week (2024-07-11) was 6.8% and one month ago for the week of 2024-06-13, the average rate was 6.76%.

    Salina's average rate one year ago was 7.17%.

    For refis of the same type during the week of 2024-07-18, the average rate was 7.27%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-07-18 6.77%
    Salina 30 Year Fixed Rate 2024-07-18 6.98%
    Salina 30 Year Fixed Rate Refi 2024-07-18 7.27%
    Salina 15 Year Fixed Rate 2024-07-18 5.85%
    Salina 15 Year Fixed Rate Refi 2024-07-18 6.55%
    Salina 30 Year FHA 2024-07-18 6.8%
    Salina 30 Year FHA Refi 2024-07-18 6.79%
    Salina 30 Year USDA 2024-07-18 6.73%
    Salina 30 Year USDA Refi 2024-07-18 6.43%
    Salina 30 Year VA 2024-07-18 6.3%
    Salina 30 Year VA Refi 2024-07-18 6.1%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Salina, KS.

    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.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    NBH Bank 22 6.54% $2,566
    Sunflower Bank 15 6.85% $2,930
    MID AMERICA MORTGAGE, INC. 12 6.68% $2,383
    QUICKEN LOANS, LLC 7 6.75% $7,476
    Wells Fargo Bank 5 6.70% $3,712
    BROKER SOLUTIONS, INC. 5 6.87% $4,046
    JPMorgan Chase Bank 4 7.50% $2,011
    Mortgage Investment Services Corporation 4 6.88% $2,805
    RED DIAMOND HOME LOANS, LLC 3 7.04% $4,513
    U.S. Bank 2 6.49% $3,019
    West Gate Bank 2 6.25% $2,939
    ZILLOW HOME LOANS, LLC 2 7.00% $4,187
    Equity Bank 2 6.38% $2,166
    Capitol Federal Savings Bank 2 6.13% $1,741
    LOANDEPOT.COM, LLC 2 7.13% $3,401
    Arvest Bank 2 5.81% $2,323
    CHURCHILL MORTGAGE CORPORATION 2 6.69% $3,563
    MUTUAL OF OMAHA MORTGAGE, INC. 2 7.69% $4,303
    NAVY FEDERAL CREDIT UNION 2 7.63% $2,477
    Bank of America 2 6.94% $2,498
    GOLDEN PLAINS 1 5.50% $1,390
    Great Plains Federal Credit Un 1 5.95% $2,314
    GUILD MORTGAGE COMPANY 1 7.99% $2,676
    KELLER MORTGAGE, LLC 1 5.63% $2,627
    Mortgage Research Center, LLC 1 7.25% $4,669
    Mr. Cooper ( Nationstar Mortgage ) 1 7.99% $5,943
    NBKC BANK 1 7.00% $2,637
    Neighborhood Loans, Inc. 1 6.50% $2,868
    Nicolet National Bank 1 6.63% $2,529
    OPEN MORTGAGE, LLC 1 7.00% $4,210
    Paramount Residential Mortgage Group, Inc. 1 7.25% $4,165
    PENNYMAC LOAN SERVICES, LLC 1 6.63% $5,254
    PLAZA HOME MORTGAGE, INC. 1 7.13% $3,077
    PNC Bank 1 6.38% $2,143
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.88% $5,926
    ROYAL UNITED MORTGAGE LLC 1 7.13% $7,355
    AMERICAN FINANCIAL NETWORK, INC. 1 7.00% $2,878
    UMB Bank 1 6.89% $1,278
    UNITED WHOLESALE MORTGAGE, LLC 1 7.74% $6,414
    USAA Federal Savings Bank 1 5.50% $4,859
    The Federal Savings Bank 1 7.88% $3,381
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $6,643
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.38% $2,406
    Central National Bank 1 6.50% $1,616
    COMMUNITYAMERICA 1 6.25% $3,456
    COMMUNITY MORTGAGE, LLC 1 7.50% $3,711
    CREDIT UNION OF AMERICA 1 5.38% $2,766
    CROSSCOUNTRY MORTGAGE, LLC 1 7.75% $3,410
    DAS Acquisition Company, LLC 1 6.88% $3,986
    Emprise Bank 1 6.63% $1,932
    Envista Credit Union 1 7.13% $5,000
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 7.49% $2,943
    Farm Credit Mid-America, ACA 1 7.38% $8,236
    Farmers Bank & Trust 1 6.75% $1,758
    Fidelity Bank 1 5.88% $1,640
    First Federal Bank 1 7.50% $2,457
    First National Bank of America 1 9.50% $10,955
    Flagstar Bank, FSB 1 6.00% $2,984
    FLAT BRANCH MORTGAGE, INC. 1 6.75% $2,546
    Gateway First Bank 1 7.00% $2,210

    Salina Average Closing Costs & Other Stats

    Salina, KS's 60 lenders originated 511 loans during 2023. The total origination value was $107,145,000, with an average loan value of $209,677.

    Salina's average closing costs are $3,573.

    The top Salina lender as defined by loan originations is NBH Bank, with 22 loans originated. Their average total fees are $2,566, which is $364 lower than the next largest lender, Sunflower Bank.

    The lowest fee Salina lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($2,383), NBH Bank ($2,566), Sunflower Bank ($2,930), .

    The lowest rate Salina lenders (with over 10 loans originated) are NBH Bank (6.54%), MID AMERICA MORTGAGE, INC. (6.68%), Sunflower Bank (6.85%), .

    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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    The Bennington State Bank $26,240,000 $30,445,000 16.0% 28.4%
    GREYSTONE SERVICING COMPANY LLC $10,435,000 n/a 9.7%
    NBH Bank $12,210,000 $8,320,000 -31.9% 7.8%
    MID AMERICA MORTGAGE, INC. $3,940,000 $5,180,000 31.5% 4.8%
    Sunflower Bank $5,845,000 $5,080,000 -13.1% 4.7%
    QUICKEN LOANS, LLC $5,280,000 $3,950,000 -25.2% 3.7%
    Mortgage Research Center, LLC $3,155,000 $3,565,000 13.0% 3.3%
    PENNYMAC LOAN SERVICES, LLC $440,000 $3,240,000 636.4% 3.0%
    Mortgage Investment Services Corporation $3,640,000 $1,865,000 -48.8% 1.7%
    USAA Federal Savings Bank $960,000 $1,710,000 78.1% 1.6%
    U.S. Bank $65,000 $1,675,000 2,476.9% 1.6%
    Equity Bank $1,045,000 $1,335,000 27.8% 1.2%
    NAVY FEDERAL CREDIT UNION $1,100,000 $1,050,000 -4.5% 1.0%
    FREEDOM MORTGAGE CORPORATION $2,610,000 $1,010,000 -61.3% 0.9%
    PLANET HOME LENDING, LLC $795,000 $985,000 23.9% 0.9%
    Wells Fargo Bank $1,190,000 $940,000 -21.0% 0.9%
    UMB Bank $605,000 $925,000 52.9% 0.9%
    Central National Bank $4,265,000 $885,000 -79.2% 0.8%
    FLAT BRANCH MORTGAGE, INC. $820,000 $875,000 6.7% 0.8%
    RED DIAMOND HOME LOANS, LLC $300,000 $800,000 166.7% 0.7%
    JPMorgan Chase Bank $350,000 $725,000 107.1% 0.7%
    BROKER SOLUTIONS, INC. $255,000 $715,000 180.4% 0.7%
    Farm Credit Mid-America, ACA $655,000 n/a 0.6%
    Bank of America $430,000 $650,000 51.2% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $1,990,000 $630,000 -68.3% 0.6%
    Capitol Federal Savings Bank $1,695,000 $625,000 -63.1% 0.6%
    Gateway First Bank $495,000 $625,000 26.3% 0.6%
    United Bank & Trust $625,000 n/a 0.6%
    Paramount Residential Mortgage Group, Inc. $320,000 $605,000 89.1% 0.6%
    LOANDEPOT.COM, LLC $1,275,000 $590,000 -53.7% 0.6%
    Great Plains Federal Credit Un $585,000 n/a 0.5%
    UNITED WHOLESALE MORTGAGE, LLC $190,000 $580,000 205.3% 0.5%
    Arvest Bank $270,000 $520,000 92.6% 0.5%
    CROSSCOUNTRY MORTGAGE, LLC $520,000 n/a 0.5%
    West Gate Bank $435,000 $510,000 17.2% 0.5%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,250,000 $495,000 -60.4% 0.5%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $845,000 $495,000 -41.4% 0.5%
    AMERISAVE MORTGAGE CORPORATION $1,295,000 $490,000 -62.2% 0.5%
    ZILLOW HOME LOANS, LLC $420,000 n/a 0.4%
    OCMBC, INC. $390,000 n/a 0.4%
    LEADERONE FINANCIAL CORPORATION $250,000 $370,000 48.0% 0.3%
    Flagstar Bank, FSB $705,000 $355,000 -49.6% 0.3%
    Plains Commerce Bank $240,000 $355,000 47.9% 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $155,000 $340,000 119.4% 0.3%
    OPEN MORTGAGE, LLC $405,000 $325,000 -19.8% 0.3%
    CREDIT UNION OF AMERICA $1,115,000 $320,000 -71.3% 0.3%
    COMMUNITYAMERICA $320,000 $310,000 -3.1% 0.3%
    NEWREZ LLC $220,000 $310,000 40.9% 0.3%
    First National Bank of America $295,000 n/a 0.3%
    GUILD MORTGAGE COMPANY $295,000 n/a 0.3%
    Nicolet National Bank $285,000 n/a 0.3%
    PLAZA HOME MORTGAGE, INC. $355,000 $275,000 -22.5% 0.3%
    First Federal Bank $255,000 n/a 0.2%
    GOLDEN PLAINS $290,000 $255,000 -12.1% 0.2%
    DAS Acquisition Company, LLC $250,000 n/a 0.2%
    Farmers Bank & Trust $225,000 n/a 0.2%
    Carrington Mortgage Services, LLC $495,000 $215,000 -56.6% 0.2%
    CHURCHILL MORTGAGE CORPORATION $230,000 $210,000 -8.7% 0.2%
    The Farmers State Bank of Westmoreland $315,000 $205,000 -34.9% 0.2%
    Coastal Community Bank $195,000 n/a 0.2%
    Fidelity Bank $195,000 n/a 0.2%
    AMERICAN FINANCIAL NETWORK, INC. $190,000 n/a 0.2%
    LOANPAL, LLC $190,000 n/a 0.2%
    PNC Bank $185,000 n/a 0.2%
    ROYAL UNITED MORTGAGE LLC $210,000 $180,000 -14.3% 0.2%
    Community National Bank & Trust $175,000 n/a 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $155,000 n/a 0.1%
    KELLER MORTGAGE, LLC $755,000 $155,000 -79.5% 0.1%
    Neighborhood Loans, Inc. $155,000 n/a 0.1%
    Sierra Pacific Mortgage Company, Inc. $255,000 $155,000 -39.2% 0.1%
    Emprise Bank $460,000 $145,000 -68.5% 0.1%
    LIBERTY HOME MORTGAGE CORPORATION $145,000 n/a 0.1%
    The Citizens State Bank $215,000 $135,000 -37.2% 0.1%
    UNION HOME MORTGAGE CORP. $930,000 $135,000 -85.5% 0.1%
    AmeriHome Mortgage Company, LLC $125,000 n/a 0.1%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $75,000 $125,000 66.7% 0.1%
    DOMINION FINANCIAL SERVICES, LLC $125,000 n/a 0.1%
    GUARANTEED RATE, INC. $285,000 $125,000 -56.1% 0.1%
    NBKC BANK $295,000 $125,000 -57.6% 0.1%
    Envista Credit Union $120,000 n/a 0.1%
    The Federal Savings Bank $245,000 $120,000 -51.0% 0.1%
    PEOPLES STATE BANK $975,000 $115,000 -88.2% 0.1%
    Community Bank $105,000 n/a 0.1%
    COMMUNITY MORTGAGE, LLC $105,000 n/a 0.1%
    GNBank $105,000 n/a 0.1%
    TOP FLITE FINANCIAL, INC. $105,000 n/a 0.1%
    Bank of Colorado $95,000 n/a 0.1%
    NEW DAY FINANCIAL, LLC $260,000 $95,000 -63.5% 0.1%
    United Fidelity Funding Corp. $95,000 n/a 0.1%
    Discover Bank $85,000 $90,000 5.9% 0.1%
    AMERICAN FINANCING CORPORATION $725,000 $85,000 -88.3% 0.1%
    Citibank $85,000 n/a 0.1%
    TRIAD FINANCIAL SERVICES, INC. $85,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $55,000 n/a 0.1%
    SPRING EQ, LLC $140,000 $55,000 -60.7% 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $125,000 $45,000 -64.0% 0.0%
    Truist $45,000 n/a 0.0%
    Barrington Bank & Trust Company, N.A. $35,000 n/a 0.0%
    KANSAS STATE UNIVERSITY Federal Credit Union $35,000 n/a 0.0%
    Commerce Bank $55,000 $25,000 -54.5% 0.0%

    Salina's top lender by overall market share is The Bennington State Bank, with 28.4% market share. In second place, with 9.7%, is GREYSTONE SERVICING COMPANY LLC, having originated $10,435,000 in loans. In third place, with 7.8%, is NBH Bank, having originated $8,320,000 in loans. In fourth place, with 4.8%, is MID AMERICA MORTGAGE, INC., having originated $5,180,000 in loans. In fifth place, with 4.7%, is Sunflower Bank, having originated $5,080,000 in loans.

    Salina, KS Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 362 $73,740,000 $203,702
    Cash Out Refi 51 $7,225,000 $141,667
    Home Improvement 34 $20,510,000 $603,235
    Refi 34 $4,270,000 $125,588
    Other 30 $1,400,000 $46,667

    Salina's most frequently cited loan purpose was Home Purchase, with 362 originations. The 2nd most popular reason was Cash Out Refi, with 51 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 164 $26,640,000 $162,439
    7-8% 110 $17,860,000 $162,364
    5-6% 79 $14,335,000 $181,456
    Over 8% 43 $4,145,000 $96,395
    4-5% 4 $850,000 $212,500
    <2.5% 3 $135,000 $45,000
    3-4% 3 $555,000 $185,000

    During 2023, Salina's most frequently originated rate bucket was 6-7%, with 164 originations.

    Loan Sizing (Salina, KS MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 204 $30,010,000 $147,108
    $100,000 or less 173 $10,015,000 $57,890
    $200k-400k 118 $31,170,000 $264,153
    $400k-600k 9 $4,285,000 $476,111
    $Over $1MM 4 $29,680,000 $7,420,000
    $600k-1000k 3 $1,985,000 $661,667

    Salina's loan sizing saw the bucket of loans from $100k-200k with 204 originations, totaling $30,010,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 232 $40,350,000 $173,922
    60-80% 87 $14,045,000 $161,437
    20-40% 29 $1,785,000 $61,552
    Under 20% 25 $795,000 $31,800
    40-60% 23 $14,175,000 $616,304
    Over 100% 11 $3,805,000 $345,909

    Salina's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 232 originations, totaling $40,350,000 in origination value.