Kansas USDA Loan Rates, Closing Costs & Stats
Kansas
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They
can be made directly by the US Department of Agriculture or through a participating lender-- and they
typically to borrowers with credit scores over 640. They can have subsidized rates, making them very
competitive in terms of cost, but they have more stringent standards on who is eligible as well as
specific covenants such as only being available in rural areas and limits on home size.
Kansas USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Kansas
averaged
6.26%
for the week of 2024-10-11, compared to the national average (all USDA variants) of
6.08% for the same period.
Kansas's average USDA mortgage closing costs are $4,005.
The average rate for the prior week (2024-10-04) was
6.06% and
one month ago for the week of 2024-09-06, the
average rate was 6.05%.
The average rate one year ago was 7.24%.
For refis of the same type during the week of 2024-10-11, the average rate
was 5.85%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Kansas USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender
at the Kansas level.
Name |
# of Loans |
2023 Avg. 30yFix Rate |
2023 Avg. Closing Costs |
FLAT BRANCH MORTGAGE, INC.
|
151
|
6.94%
|
$5,023
|
Mortgage Investment Services Corporation
|
58
|
7.05%
|
$2,691
|
Landmark National Bank
|
50
|
6.54%
|
$3,871
|
Sierra Pacific Mortgage Company, Inc.
|
37
|
6.59%
|
$5,648
|
GOLDEN PLAINS
|
28
|
6.48%
|
$3,787
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
25
|
6.85%
|
$5,123
|
Gateway First Bank
|
24
|
6.85%
|
$3,225
|
OPEN MORTGAGE, LLC
|
18
|
6.98%
|
$5,294
|
CMG MORTGAGE, INC.
|
15
|
6.13%
|
$6,830
|
Community National Bank & Trust
|
14
|
6.85%
|
$4,954
|
Plains Commerce Bank
|
11
|
6.68%
|
$6,574
|
UNITED WHOLESALE MORTGAGE, LLC
|
10
|
6.25%
|
$5,853
|
ENDEAVOR CAPITAL, LLC.
|
9
|
5.96%
|
$6,423
|
Mortgage Research Center, LLC
|
9
|
6.53%
|
$2,804
|
Members Mortgage Services, L.L.C.
|
8
|
6.58%
|
$4,169
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
8
|
7.06%
|
$4,794
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
8
|
7.11%
|
$6,510
|
PLANET HOME LENDING, LLC
|
8
|
6.65%
|
$5,434
|
NEWREZ LLC
|
8
|
6.73%
|
$5,929
|
GUARANTEED RATE, INC.
|
8
|
6.87%
|
$4,942
|
Paramount Residential Mortgage Group, Inc.
|
7
|
6.70%
|
$4,844
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
6
|
6.92%
|
$3,036
|
LEADERONE FINANCIAL CORPORATION
|
6
|
6.52%
|
$7,376
|
AMERICAN FINANCIAL NETWORK, INC.
|
6
|
6.73%
|
$6,024
|
Flagstar Bank, FSB
|
5
|
7.24%
|
$4,620
|
Bank of England
|
5
|
6.30%
|
$5,834
|
CALIBER HOME LOANS, INC.
|
5
|
6.55%
|
$6,614
|
United Fidelity Funding Corp.
|
5
|
7.08%
|
$6,838
|
MID AMERICA MORTGAGE, INC.
|
4
|
6.72%
|
$5,042
|
SUCCESS MORTGAGE PARTNERS, INC.
|
4
|
6.88%
|
$5,161
|
ACADEMY MORTGAGE CORPORATION
|
4
|
6.16%
|
$7,654
|
The Central Trust Bank
|
4
|
6.09%
|
$5,939
|
Neighborhood Loans, Inc.
|
4
|
6.59%
|
$6,566
|
DAS Acquisition Company, LLC
|
4
|
7.09%
|
$5,040
|
BAY EQUITY LLC
|
3
|
5.71%
|
$11,207
|
Citizens Bank
|
3
|
5.92%
|
$5,353
|
EVERETT FINANCIAL, INC.
|
3
|
7.25%
|
$4,734
|
LOANDEPOT.COM, LLC
|
3
|
6.75%
|
$6,378
|
Sunflower Bank
|
3
|
6.25%
|
$6,294
|
SUN WEST MORTGAGE COMPANY, INC.
|
3
|
6.63%
|
$8,653
|
UMB Bank
|
3
|
6.25%
|
$4,577
|
UNION HOME MORTGAGE CORP.
|
3
|
6.54%
|
$6,670
|
VILLAGE CAPITAL MORTGAGE
|
3
|
6.75%
|
$5,125
|
Prosperity Home Mortgage, LLC
|
2
|
6.50%
|
$6,356
|
RCB Bank
|
2
|
6.75%
|
$5,252
|
COMMUNITY MORTGAGE, LLC
|
2
|
6.88%
|
$5,066
|
ROYAL UNITED MORTGAGE LLC
|
2
|
7.00%
|
$5,429
|
Hawthorn Bank
|
2
|
7.31%
|
$4,030
|
HOMESIDE FINANCIAL, LLC
|
2
|
6.75%
|
$3,774
|
CHURCHILL MORTGAGE CORPORATION
|
2
|
6.56%
|
$4,222
|
Chickasaw Community Bank
|
2
|
7.31%
|
$3,206
|
Fidelity Bank
|
2
|
6.88%
|
$6,161
|
SUMMIT FUNDING, INC.
|
2
|
6.94%
|
$6,677
|
Farmers Bank & Trust
|
2
|
7.13%
|
$3,071
|
PLAZA HOME MORTGAGE, INC.
|
2
|
6.31%
|
$3,111
|
Great Southern Bank
|
2
|
6.56%
|
$4,367
|
TOWNE MORTGAGE COMPANY
|
2
|
6.69%
|
$6,972
|
FIRST COLONY MORTGAGE CORPORATION
|
2
|
6.56%
|
$1,870
|
FIRST COMMUNITY MORTGAGE, INC.
|
2
|
7.38%
|
$4,478
|
First National Bank of Omaha
|
2
|
7.06%
|
$4,750
|
First Savings Bank
|
2
|
6.19%
|
$6,156
|
Equity Prime Mortgage LLC
|
2
|
7.00%
|
$3,749
|
FREEDOM MORTGAGE CORPORATION
|
2
|
7.44%
|
$7,582
|
Barrington Bank & Trust Company, N.A.
|
1
|
7.25%
|
$6,187
|
Regent Financial Group, Inc.
|
1
|
7.13%
|
$4,459
|
Servion, Inc.
|
1
|
6.75%
|
$3,320
|
ASSEMBLIES OF GOD Credit Union
|
1
|
6.75%
|
$3,320
|
Southwest Missouri Bank
|
1
|
6.63%
|
$2,446
|
Springfield First Community Bank
|
1
|
7.13%
|
$3,895
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
1
|
6.63%
|
$4,694
|
US MORTGAGE CORPORATION
|
1
|
6.50%
|
$10,494
|
AMERICAN FINANCIAL RESOURCES, INC.
|
1
|
5.75%
|
$6,252
|
American Mortgage & Equity Consultants, Inc.
|
1
|
7.13%
|
$4,591
|
First Bank
|
1
|
6.88%
|
$6,973
|
Financial Funding Solutions, Inc.
|
1
|
7.75%
|
$4,566
|
GERSHMAN INVESTMENT CORP.
|
1
|
7.13%
|
$5,780
|
KANSAS STATE UNIVERSITY Federal Credit Union
|
1
|
7.13%
|
$6,034
|
Equity Bank
|
1
|
5.38%
|
$5,829
|
CROSSCOUNTRY MORTGAGE, LLC
|
1
|
6.25%
|
$6,971
|
AMCAP MORTGAGE, LTD.
|
1
|
7.63%
|
$7,479
|
Community First National Bank
|
1
|
6.63%
|
$4,891
|
MORIA DEVELOPMENT, INC.
|
1
|
6.38%
|
$4,309
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
1
|
7.75%
|
$4,065
|
MOVEMENT MORTGAGE, LLC
|
1
|
7.75%
|
$4,844
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
1
|
5.25%
|
$7,352
|
CASTLE & COOKE MORTGAGE, LLC
|
1
|
6.75%
|
$5,866
|
Carrington Mortgage Services, LLC
|
1
|
6.63%
|
$5,440
|
NFM, INC.
|
1
|
5.63%
|
$8,653
|
Northpointe Bank
|
1
|
6.63%
|
$12,274
|
CARDINAL FINANCIAL
|
1
|
7.25%
|
$5,590
|
BROKER SOLUTIONS, INC.
|
1
|
6.75%
|
$9,126
|
BNC National Bank
|
1
|
6.50%
|
$4,040
|
BAYSHORE MORTGAGE FUNDING, LLC
|
1
|
6.63%
|
$5,708
|
Academy Bank
|
1
|
6.38%
|
$5,012
|
The top Kansas USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
151 USDA loans originated. Their average total fees are
$5,023, which is $2,332
higher than the next largest lender,
Mortgage Investment Services Corporation.
The lowest fee Kansas USDA lenders (with over 10 loans originated) are
Mortgage Investment Services Corporation ($2,691), Gateway First Bank ($3,225), GOLDEN PLAINS ($3,787), Landmark National Bank ($3,871) and Community National Bank & Trust ($4,954).
The lowest rate Kansas USDA lenders (with over 10 loans originated) are
CMG MORTGAGE, INC. (6.13%), UNITED WHOLESALE MORTGAGE, LLC (6.25%), GOLDEN PLAINS (6.48%), Landmark National Bank (6.54%) and Sierra Pacific Mortgage Company, Inc. (6.59%).