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
6.85%
for the week of 2023-12-01, compared to the national average (all USDA variants) of
6.997% for the same period.
Kansas's average USDA mortgage closing costs are $3,904.
The average rate for the prior week (2023-11-24) was
6.86% and
one month ago for the week of 2023-10-27, the
average rate was 7.11%.
The average rate one year ago was 6.23%.
For refis of the same type during the week of 2023-12-01, the average rate
was 5.48%.
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 |
2022 Avg. 30yFix Rate |
2022 Avg. Closing Costs |
FLAT BRANCH MORTGAGE, INC.
|
145
|
5.20%
|
$4,414
|
Mortgage Investment Services Corporation
|
90
|
5.34%
|
$2,270
|
Landmark National Bank
|
63
|
4.72%
|
$3,686
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
48
|
5.41%
|
$5,000
|
Sierra Pacific Mortgage Company, Inc.
|
46
|
5.33%
|
$5,141
|
CMG MORTGAGE, INC.
|
32
|
4.34%
|
$6,361
|
UNION HOME MORTGAGE CORP.
|
31
|
5.03%
|
$6,191
|
GOLDEN PLAINS
|
30
|
4.42%
|
$3,423
|
Gateway First Bank
|
27
|
4.48%
|
$2,851
|
Flagstar Bank, FSB
|
25
|
3.88%
|
$4,679
|
HOME POINT FINANCIAL CORPORATION
|
20
|
4.91%
|
$5,775
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
17
|
5.11%
|
$5,486
|
OPEN MORTGAGE, LLC
|
17
|
5.15%
|
$5,693
|
LEADERONE FINANCIAL CORPORATION
|
15
|
5.45%
|
$6,513
|
Sunflower Bank
|
12
|
5.07%
|
$4,486
|
Ixonia Bank
|
11
|
5.06%
|
$6,195
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
10
|
4.79%
|
$5,431
|
Fidelity Bank
|
8
|
3.72%
|
$3,966
|
MOVEMENT MORTGAGE, LLC
|
8
|
5.02%
|
$5,752
|
Members Mortgage Services, L.L.C.
|
8
|
4.55%
|
$4,282
|
UNITED WHOLESALE MORTGAGE, LLC
|
8
|
5.07%
|
$5,388
|
DELMAR FINANCIAL COMPANY
|
8
|
4.64%
|
$4,456
|
PLAZA HOME MORTGAGE, INC.
|
6
|
5.56%
|
$5,577
|
PLANET HOME LENDING, LLC
|
6
|
4.29%
|
$4,960
|
DAS Acquisition Company, LLC
|
6
|
5.13%
|
$4,961
|
GUILD MORTGAGE COMPANY
|
5
|
5.18%
|
$4,857
|
Bank of England
|
5
|
4.93%
|
$5,745
|
BAY EQUITY LLC
|
5
|
4.62%
|
$7,412
|
Plains Commerce Bank
|
5
|
5.00%
|
$5,741
|
CALIBER HOME LOANS, INC.
|
5
|
4.90%
|
$4,937
|
GSF Mortgage Corporation
|
5
|
5.83%
|
$6,589
|
CHURCHILL MORTGAGE CORPORATION
|
5
|
4.88%
|
$5,230
|
COMMUNITYAMERICA
|
4
|
3.91%
|
$4,595
|
GUARANTEED RATE, INC.
|
4
|
5.22%
|
$4,807
|
NBH Bank
|
4
|
3.25%
|
$3,435
|
United Fidelity Funding Corp.
|
4
|
5.31%
|
$5,558
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
4
|
5.22%
|
$4,841
|
SUCCESS MORTGAGE PARTNERS, INC.
|
4
|
5.16%
|
$7,128
|
BOKF
|
3
|
3.75%
|
$4,552
|
First State Bank of St. Charles, Missouri
|
3
|
3.75%
|
$5,349
|
GENEVA FINANCIAL, LLC
|
3
|
5.04%
|
$5,661
|
S1L, Inc.
|
3
|
4.63%
|
$4,893
|
RCB Bank
|
3
|
4.67%
|
$3,921
|
MORTGAGE SOLUTIONS OF COLORADO, LLC
|
3
|
6.08%
|
$5,169
|
Citizens Bank
|
3
|
3.92%
|
$4,073
|
Servion, Inc.
|
2
|
4.88%
|
$4,568
|
AMERICAN FINANCING CORPORATION
|
2
|
4.00%
|
$5,452
|
EVERETT FINANCIAL, INC.
|
2
|
3.56%
|
$3,347
|
Chickasaw Community Bank
|
2
|
4.00%
|
$4,101
|
INLANTA MORTGAGE, INC.
|
2
|
4.13%
|
$5,265
|
Prosperity Home Mortgage, LLC
|
2
|
5.62%
|
$5,091
|
BAYSHORE MORTGAGE FUNDING, LLC
|
2
|
5.81%
|
$11,537
|
PENNYMAC LOAN SERVICES, LLC
|
2
|
2.94%
|
$8,263
|
Wells Fargo Bank
|
2
|
5.13%
|
$3,342
|
Arvest Bank
|
2
|
4.69%
|
$4,607
|
MEGASTAR FINANCIAL CORP.
|
2
|
5.50%
|
$7,252
|
Adams Bank & Trust
|
2
|
4.00%
|
$4,195
|
Carrington Mortgage Services, LLC
|
2
|
5.38%
|
$4,658
|
Springfield First Community Bank
|
2
|
3.13%
|
$3,373
|
Great Southern Bank
|
2
|
5.38%
|
$4,132
|
Mortgage Research Center, LLC
|
2
|
6.44%
|
$1,898
|
MORIA DEVELOPMENT, INC.
|
1
|
5.13%
|
$6,340
|
American Mortgage & Equity Consultants, Inc.
|
1
|
5.88%
|
$5,270
|
AMERISAVE MORTGAGE CORPORATION
|
1
|
5.25%
|
$6,810
|
ASSEMBLIES OF GOD Credit Union
|
1
|
4.75%
|
$3,690
|
BNC National Bank
|
1
|
3.25%
|
$4,057
|
BROKER SOLUTIONS, INC.
|
1
|
6.50%
|
$4,953
|
CARDINAL FINANCIAL
|
1
|
6.75%
|
$4,636
|
Community First National Bank
|
1
|
3.00%
|
$5,009
|
COMMUNITY MORTGAGE, LLC
|
1
|
3.25%
|
$3,769
|
Community National Bank & Trust
|
1
|
7.13%
|
$3,607
|
CORNERSTONE HOME LENDING, INC.
|
1
|
3.75%
|
$4,984
|
CREDIT UNION OF AMERICA
|
1
|
3.50%
|
$1,414
|
FBC MORTGAGE, LLC
|
1
|
6.25%
|
$5,357
|
First Guaranty Mortgage Corporation
|
1
|
3.50%
|
$5,765
|
First National Bank of Omaha
|
1
|
5.63%
|
$5,187
|
First Savings Bank
|
1
|
7.25%
|
$4,259
|
GERSHMAN INVESTMENT CORP.
|
1
|
7.38%
|
$3,651
|
HOMESIDE FINANCIAL, LLC
|
1
|
7.25%
|
$5,240
|
LIBERTY HOME MORTGAGE CORPORATION
|
1
|
7.00%
|
$1,835
|
LOANDEPOT.COM, LLC
|
1
|
4.38%
|
$3,917
|
Academy Bank
|
1
|
6.50%
|
$5,444
|
NEWREZ LLC
|
1
|
5.00%
|
$3,256
|
NFM, INC.
|
1
|
5.50%
|
$5,738
|
NORTHERN MORTGAGE SERVICES, LLC
|
1
|
5.50%
|
$4,020
|
Paramount Residential Mortgage Group, Inc.
|
1
|
6.25%
|
$4,546
|
Pinnacle Bank
|
1
|
3.25%
|
$4,134
|
Regent Financial Group, Inc.
|
1
|
5.00%
|
$3,256
|
RESIDENTIAL BANCORP
|
1
|
5.00%
|
$9,149
|
SUMMIT FUNDING, INC.
|
1
|
5.13%
|
$8,988
|
U.S. Bank
|
1
|
5.25%
|
$4,425
|
US MORTGAGE CORPORATION
|
1
|
4.50%
|
$6,083
|
The top Kansas USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with
145 USDA loans originated. Their average total fees are
$4,414, which is $2,144
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 ($2,270), Gateway First Bank ($2,851), GOLDEN PLAINS ($3,423), Landmark National Bank ($3,686) and FLAT BRANCH MORTGAGE, INC. ($4,414).
The lowest rate Kansas USDA lenders (with over 10 loans originated) are
Flagstar Bank, FSB (3.88%), CMG MORTGAGE, INC. (4.34%), GOLDEN PLAINS (4.42%), Gateway First Bank (4.48%) and Landmark National Bank (4.72%).