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%).