First Federal Bank Of Kansas City Mortgage Rates, Fees & Info
Kansas City, MOLEI: 549300W5A6PQ1VJG3497
Tax ID: 44-0246815
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Mortgage Data
Review & Overview
First Federal Bank Of Kansas City is a smaller bank specializing in Home Purchase loans. First Federal Bank Of Kansas City has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Kansas City, Lawrence, Warrensburg, Chicago, and St. Louis among others. We have data for 29 markets. (Some data included below & more in-depth data is available with an active subscription.)First Federal Bank Of Kansas City has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Federal Bank Of Kansas City is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 4.55% | 4/5/25 |
| 30 Year Conventional Purchase | 6.99% | 4/5/25 |
| 30 Year Conventional Refi | 6.57% | 4/5/25 |
| 30 Year Cash-out Refi | 6.54% | 4/5/25 |
| 30 Year FHA Purchase | 7.10% | 4/5/25 |
| 30 Year VA Purchase | 6.55% | 4/5/25 |
| 15 Year Conventional Purchase | 6.24% | 4/5/25 |
| 15 Year Conventional Refi | 8.84% | 4/5/25 |
| 15 Year Cash-out Refi | 8.84% | 4/5/25 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
First Federal Bank Of Kansas City Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
383Origination Dollar Volume (All Markets)
$100,535,000Awards
First Federal Bank of Kansas City - 2024
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For 2024, less than of lenders were eligible for this award.
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Relative Rate
First Federal Bank Of Kansas City's average 30 year fixed mortgage rate was
6.75%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of 0.2%.
Relative Fees (Closing Costs)
First Federal Bank Of Kansas City's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,198.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $8,356.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 336 | $86,590,000 | $257,708 | $5,324 | 6.40% |
| Outside of Metro Areas | 6 | $1,920,000 | $320,000 | $2,685 | 6.04% |
| LAWRENCE, KS (FHA|USDA|VA) | 4 | $1,710,000 | $427,500 | $5,820 | 7.28% |
| Warrensburg, MO (FHA|USDA|VA) | 4 | $1,620,000 | $405,000 | $5,755 | 6.41% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $1,540,000 | $770,000 | $7,336 | 5.37% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 4 | $1,270,000 | $317,500 | $9,947 | 5.87% |
| ST. JOSEPH, MO-KS (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $2,750 | 6.25% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $7,325 | 7.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $5,798 | 7.00% |
| HARRISONBURG, VA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,668 | 6.62% |
| DAYTON-KETTERING, OH (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $14,518 | 5.88% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $9,883 | 6.50% |
| BATON ROUGE, LA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,164 | 7.38% |
| COLUMBIA, MO (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $2,278 | 7.13% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $0 | 5.24% |
| FLINT, MI (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $12,709 | 6.50% |
| YUMA, AZ (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $4,276 | 6.38% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,437 | 6.63% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 7.63% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,101 | 7.38% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 10.50% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 2 | $130,000 | $65,000 | $0 | 3.99% |
| JOPLIN, MO (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $2,564 | 6.00% |
| MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $0 | 3.99% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.99% |
| GREELEY, CO (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 6.49% |
| YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 6.49% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 3.99% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 3.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Federal Bank of Kansas City based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2024, First Federal Bank Of Kansas City's most frequently originated type of loan was Conventional, with 218 originations. Their 2nd most popular type was HELOC, with 151 originations.
Loan Reason
For 2024, First Federal Bank Of Kansas City's most frequently cited loan purpose was Home Purchase, with 217 originations. The 2nd most popular reason was Home Improvement, with 87 originations.
Loan Duration/Length
For 2024, First Federal Bank Of Kansas City's most frequently cited loan duration was 20 Year, with 209 originations. The 2nd most popular length was 30 Year, with 134 originations.
Origination Fees/Closing Costs
First Federal Bank Of Kansas City's average total fees were $4,198, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 103 originations.
Interest Rates
During 2024, First Federal Bank Of Kansas City's average interest rate for loans was 6.75%, while their most frequently originated rate bucket for loans was 6-7%, with 174 originations.
Loan Sizing
2024 saw First Federal Bank Of Kansas City place emphasis on $100,000 or less loans with 116 originations, totaling $6,190,000 in origination value.
Applicant Income
First Federal Bank Of Kansas City lent most frequently to those with incomes in the $150k-250k range, with 85 originations. The second most popular income band? $100k-150k, with 83 originations.
Applicant Debt to Income Ratio
First Federal Bank Of Kansas City lent most frequently to those with DTI ratios of 20-30%, with 85 originations. The next most common DTI ratio? 30-36%, with 65 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications87.50%
First Federal Bank Of Kansas City has an average approval rate.
Pick Rate
Approvals leading to origination84.33%
First Federal Bank Of Kansas City has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 383 | $100,535,000 | $262,493 |