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 6.52% for the week of 2024-05-24, compared to the national average (all USDA variants) of 6.738% for the same period.

Kansas's average USDA mortgage closing costs are $4,005.

The average rate for the prior week (2024-05-17) was 6.9% and one month ago for the week of 2024-04-19, the average rate was 6.74%.

The average rate one year ago was 6.46%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.51%.

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%).