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 6.85% 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%).