First Federal Bank Of Kansas City Mortgage Rates, Fees & Info

Kansas City, MO

LEI: 549300W5A6PQ1VJG3497

Tax ID: 44-0246815

5 stars - Updated: 5/27/24 - out of 5 stars, based on 21 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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, Las Vegas, Topeka, Fort Collins, and Boise City among others. We have data for 64 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 relatively high 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.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.52% 5/27/24
30 Year Conventional Refi 6.35% 5/27/24
30 Year Cash-out Refi 6.69% 5/27/24
30 Year FHA Purchase 7.37% 5/27/24
30 Year VA Purchase 6.15% 5/27/24
30 Year VA Refi 5.70% 5/27/24
15 Year Conventional Purchase 6.07% 5/27/24
15 Year Conventional Refi 6.03% 5/27/24
15 Year Cash-out Refi 6.03% 5/27/24
15 Year VA Purchase 5.98% 5/27/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from First Federal Bank Of Kansas City. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

451

Origination Dollar Volume (All Markets)

$105,045,000

Awards

First Federal Bank of Kansas City FHA Loans gold First Federal Bank of Kansas City FHA Loans gold First Federal Bank of Kansas City VA Loans silver
Show all (3) awards

Relative Rate

First Federal Bank Of Kansas City's average 30 year fixed mortgage rate was 6.68%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.19%.

Relative Fees (Closing Costs)

First Federal Bank Of Kansas City's average total fees/closing costs for a 30 year fixed rate mortgage were $4,518.

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 $9,089.

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) 360 $80,200,000 $222,778 $4,979 5.29%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 10 $2,960,000 $296,000 $4,534 6.04%
TOPEKA, KS (FHA|USDA|VA) 3 $1,565,000 $521,667 $3,006 7.00%
FORT COLLINS, CO (FHA|USDA|VA) 1 $1,325,000 $1,325,000 $800 5.50%
Outside of Metro Areas 5 $875,000 $175,000 $2,497 3.19%
BOISE CITY, ID (FHA|USDA|VA) 2 $750,000 $375,000 $7,255 5.31%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $725,000 $725,000 $7,721 6.50%
Rexburg, ID (FHA|USDA|VA) 1 $705,000 $705,000 $9,531 5.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $670,000 $335,000 $8,174 7.13%
LAWRENCE, KS (FHA|USDA|VA) 3 $625,000 $208,333 $2,713 5.41%
Warrensburg, MO (FHA|USDA|VA) 2 $610,000 $305,000 $9,177 5.31%
JOPLIN, MO (FHA|USDA|VA) 1 $605,000 $605,000 $4,154 6.50%
Breckenridge, CO (FHA|USDA|VA) 1 $545,000 $545,000 $4,159 7.63%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $515,000 $515,000 $15,193 5.75%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $505,000 $505,000 $0 3.99%
Ottawa, KS (FHA|USDA|VA) 1 $485,000 $485,000 $6,844 7.13%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $465,000 $465,000 $5,935 6.50%
ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $465,000 $465,000 $3,753 6.50%
MEDFORD, OR (FHA|USDA|VA) 2 $460,000 $230,000 $825 4.31%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $455,000 $455,000 $6,425 6.63%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $425,000 $425,000 $10,181 7.13%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $425,000 $425,000 $9,507 7.75%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $385,000 $385,000 $11,145 6.13%
McPherson, KS (FHA|USDA|VA) 1 $365,000 $365,000 $3,233 7.13%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $355,000 $355,000 $12,771 5.50%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $355,000 $355,000 $8,436 6.25%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 1 $355,000 $355,000 $0 3.99%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $345,000 $345,000 $9,879 6.25%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $335,000 $335,000 $5,753 6.75%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $330,000 $165,000 $3,589 5.50%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $325,000 $325,000 $2,703 8.13%
BLOOMSBURG-BERWICK, PA (FHA|USDA|VA) 1 $325,000 $325,000 $0 6.00%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 2 $320,000 $160,000 $0 1.99%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 1 $315,000 $315,000 $3,038 6.88%
Sedalia, MO (FHA|USDA|VA) 1 $315,000 $315,000 $4,007 8.00%
VISALIA, CA (FHA|USDA|VA) 1 $315,000 $315,000 $2,942 7.25%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $310,000 $155,000 $5,242 7.38%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $275,000 $275,000 $0 3.99%
WILLIAMSPORT, PA (FHA|USDA|VA) 1 $265,000 $265,000 $690 7.63%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,574 6.25%
WICHITA, KS (FHA|USDA|VA) 2 $240,000 $120,000 $3,802 5.37%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $225,000 $225,000 $0 7.25%
TULSA, OK (FHA|USDA|VA) 1 $225,000 $225,000 $3,833 6.88%
Alexander City, AL (FHA|USDA|VA) 1 $215,000 $215,000 $0 2.99%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $215,000 $215,000 $3,286 7.38%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $195,000 $195,000 $0 3.99%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 2 $190,000 $95,000 $3,878 4.50%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $175,000 $175,000 $4,647 7.25%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 2 $170,000 $85,000 $0 2.99%
ERIE, PA (FHA|USDA|VA) 1 $135,000 $135,000 $4,692 7.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 2 $110,000 $55,000 $0 2.99%
Oxford, MS (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.99%
HAMMOND, LA (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.63%
TUCSON, AZ (FHA|USDA|VA) 1 $75,000 $75,000 $0 1.99%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 1 $75,000 $75,000 $0 1.99%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 1 $65,000 $65,000 $0 1.99%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $65,000 $65,000 $0 1.99%
MONTGOMERY, AL (FHA|USDA|VA) 1 $55,000 $55,000 $0 1.99%
GREELEY, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.99%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.99%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $45,000 $45,000 $0 2.99%
RALEIGH-CARY, NC (FHA|USDA|VA) 1 $35,000 $35,000 $0 1.99%
Dodge City, KS (FHA|USDA|VA) 1 $25,000 $25,000 $0 1.99%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 1 $15,000 $15,000 $0 1.99%
First Federal Bank Of Kansas City's top markets include Kansas City, Las Vegas, Topeka, Fort Collins, and Boise City among others.

Their top states include:
  • Missouri (FHA|USDA|VA)
  • Kansas (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • 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.

    Republic Bank
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 239 $75,285,000 $315,000 $4,725 6.80%
    HELOC 173 $16,275,000 $94,075 n/a 2.89%
    VA 23 $10,245,000 $445,435 $6,667 6.54%
    FHA 16 $3,240,000 $202,500 $7,075 6.76%

    For 2023, First Federal Bank Of Kansas City's most frequently originated type of loan was Conventional, with 239 originations. Their 2nd most popular type was HELOC, with 173 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 278 $86,520,000 $311,223 $5,122 6.60%
    Home Improvement 71 $4,675,000 $65,845 $2,554 2.90%
    Refi 50 $8,180,000 $163,600 $2,383 3.14%
    Other 43 $3,145,000 $73,140 $2,940 2.88%
    Cash Out Refi 9 $2,525,000 $280,556 $4,471 7.04%

    For 2023, First Federal Bank Of Kansas City's most frequently cited loan purpose was Home Purchase, with 278 originations. The 2nd most popular reason was Home Improvement, with 71 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 240 $28,750,000 $119,792 $4,640 4.07%
    30 Year 178 $58,000,000 $325,843 $4,518 6.68%
    30+ year 21 $12,955,000 $616,905 $9,661 7.07%
    15 Year 9 $3,175,000 $352,778 $7,410 6.13%
    Other 2 $1,880,000 $940,000 $10,375 7.00%
    10 Year 1 $285,000 $285,000 $1,526 2.75%

    For 2023, First Federal Bank Of Kansas City's most frequently cited loan duration was 20 Year, with 240 originations. The 2nd most popular length was 30 Year, with 178 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 110 $31,860,000 $289,636
    $2k-3k 57 $9,695,000 $170,088
    $5k+ 36 $23,530,000 $653,611
    $3k-4k 33 $9,315,000 $282,273
    $<1k 26 $9,680,000 $372,308
    $4k-5k 8 $3,120,000 $390,000

    First Federal Bank Of Kansas City's average total fees were $4,518, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 110 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 134 $42,920,000 $320,299
    7-8% 89 $27,515,000 $309,157
    <2.5% 86 $7,670,000 $89,186
    3-4% 71 $7,335,000 $103,310
    5-6% 36 $14,520,000 $403,333
    2.5-3% 22 $2,780,000 $126,364
    Over 8% 13 $2,305,000 $177,308

    During 2023, First Federal Bank Of Kansas City's average interest rate for loans was 6.68%, while their most frequently originated rate bucket for loans was 6-7%, with 134 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 141 $20,455,000 $145,071 $4,103 5.78%
    $100,000 or less 122 $6,150,000 $50,410 $2,981 3.14%
    $200k-400k 117 $33,295,000 $284,573 $4,237 6.25%
    $400k-600k 46 $22,200,000 $482,609 $7,041 6.29%
    $600k-1MM 17 $11,905,000 $700,294 $8,166 6.73%
    $1MM+ 8 $11,040,000 $1,380,000 $11,529 6.56%

    2023 saw First Federal Bank Of Kansas City place emphasis on $100k-200k loans with 141 originations, totaling $20,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 98 $14,800,000 $151,020 $4,498 5.87%
    $100k-150k 88 $22,400,000 $254,545 $5,031 5.34%
    $150k-250k 84 $25,910,000 $308,452 $6,651 5.11%
    $75k-100k 69 $11,925,000 $172,826 $4,591 5.34%
    $250k+ 56 $22,430,000 $400,536 $6,797 4.40%
    $50k or less 44 $5,170,000 $117,500 $4,217 5.90%

    First Federal Bank Of Kansas City lent most frequently to those with incomes in the $50k-75k range, with 98 originations. The second most popular income band? $100k-150k, with 88 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 107 $19,555,000 $182,757 $4,070 4.79%
    30-36% 65 $17,395,000 $267,615 $5,270 5.33%
    44% 43 $6,275,000 $145,930 $4,453 4.39%
    <20% 27 $4,595,000 $170,185 $3,384 4.40%
    37% 23 $4,295,000 $186,739 $3,988 4.61%
    50-60% 19 $11,345,000 $597,105 $7,500 6.16%
    42% 18 $2,630,000 $146,111 $4,465 4.92%
    38% 18 $3,390,000 $188,333 $6,204 5.69%
    43% 18 $3,570,000 $198,333 $4,624 5.67%
    40% 17 $2,825,000 $166,176 $3,957 5.91%
    39% 16 $4,370,000 $273,125 $5,231 5.15%
    36% 15 $2,495,000 $166,333 $4,420 5.46%
    41% 13 $3,125,000 $240,385 $4,508 5.84%
    45% 12 $3,300,000 $275,000 $4,433 6.56%
    46% 10 $3,720,000 $372,000 $5,839 7.16%
    >60% 9 $5,065,000 $562,778 $9,380 6.80%
    49% 8 $2,850,000 $356,250 $7,015 6.97%
    47% 7 $2,185,000 $312,143 $6,084 7.07%
    48% 6 $2,060,000 $343,333 $4,790 7.42%

    First Federal Bank Of Kansas City lent most frequently to those with DTI ratios of 20-30%, with 107 originations. The next most common DTI ratio? 30-36%, with 65 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 373 $87,495,000 $234,571 $4,861 5.27%
    Not provided 45 $11,635,000 $258,556 $6,070 5.51%
    Black 16 $2,490,000 $155,625 $5,483 5.42%
    Asian 9 $2,475,000 $275,000 $6,050 5.08%
    American Indian 5 $775,000 $155,000 $4,002 6.07%
    Native Hawaiian or Islander 1 $95,000 $95,000 $0 2.99%
    Filipino 1 $55,000 $55,000 $0 3.99%
    Other Pacific Islander 1 $25,000 $25,000 $0 1.99%

    Approval Rates

    Total approvals of all applications
    88.08%

    First Federal Bank Of Kansas City has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.83%

    First Federal Bank Of Kansas City has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 451 $105,045,000 $232,916

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    451 $105,045,000 $232,916

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 58 $8,140,000 $140,345 $4,470 3.65%
    40-60% 34 $11,270,000 $331,471 $5,959 5.71%
    60-80% 83 $33,915,000 $408,614 $5,703 6.58%
    80-100% 160 $42,840,000 $267,750 $4,419 6.75%
    Over 100% 4 $1,740,000 $435,000 $13,376 6.50%
    Under 20% 112 $7,140,000 $63,750 $0 2.91%