Kansas USDA Loan Rates, Closing Costs & Stats

Kansas

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    • 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 6.65% for the week of 2024-04-19, compared to the national average (all USDA variants) of 6.863% for the same period.

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

    The average rate for the prior week (2024-04-12) was 6.9% and one month ago for the week of 2024-03-15, the average rate was 6.68%.

    The average rate one year ago was 6.12%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.93%.

    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%).