Kansas City FHA Loan Rates, Closing Costs & Stats

KANSAS CITY, MO-KS

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Kansas City's 185 lenders originated 6,110 FHA loans during 2022. The total origination value was $1,335,990,000, with an average FHA loan value of $218,656.

Kansas City FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Kansas City averaged 6.05% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

Kansas City's average FHA mortgage closing costs are $6,250.

The average rate for the prior week (2023-05-19) was 5.92% and one month ago for the week of 2023-04-21, the average rate was 6.06%.

The average rate one year ago was 4.98%.

For refis of the same type during the week of 2023-05-26, the average rate was 5.34%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Kansas City FHA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Kansas City level.

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 534 4.49% $8,724
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 413 5.29% $7,506
LEADERONE FINANCIAL CORPORATION 270 5.23% $7,830
FLAT BRANCH MORTGAGE, INC. 240 5.12% $7,030
PRIMELENDING, A PLAINSCAPITAL COMPANY 207 5.01% $8,155
UNITED WHOLESALE MORTGAGE, LLC 200 5.04% $8,224
COMMUNITY MORTGAGE, LLC 148 4.90% $7,338
LOANDEPOT.COM, LLC 143 4.98% $9,640
JLB CORPORATION 129 4.85% $8,935
FREEDOM MORTGAGE CORPORATION 125 5.04% $8,858
Prosperity Home Mortgage, LLC 111 5.15% $8,059
GUILD MORTGAGE COMPANY 109 5.24% $8,022
Mr. Cooper ( Nationstar Mortgage ) 103 4.56% $11,033
First State Bank of St. Charles, Missouri 103 4.70% $7,257
BROKER SOLUTIONS, INC. 102 5.20% $9,109
LAKEVIEW LOAN SERVICING, LLC 95 4.14% $6,485
PENNYMAC LOAN SERVICES, LLC 94 4.31% $8,239
AMERISAVE MORTGAGE CORPORATION 91 4.54% $9,577
CALIBER HOME LOANS, INC. 88 4.68% $7,753
SUMMIT FUNDING, INC. 79 5.65% $9,492
COMMUNITYAMERICA 77 4.81% $7,231
EVERETT FINANCIAL, INC. 73 5.51% $5,337
DAS Acquisition Company, LLC 72 5.55% $8,256
CARDINAL FINANCIAL 58 4.59% $8,459
OPEN MORTGAGE, LLC 56 5.13% $9,171
Plains Commerce Bank 54 5.17% $9,457
MOVEMENT MORTGAGE, LLC 50 5.53% $7,694
HOME POINT FINANCIAL CORPORATION 50 4.69% $8,127
HOMEBRIDGE FINANCIAL SERVICES, INC. 49 5.25% $9,184
North American Savings Bank, F.S.B. 49 4.72% $7,464
ENDEAVOR CAPITAL, LLC. 48 5.40% $8,197
BNC National Bank 43 4.95% $7,670
NBH Bank 42 4.85% $6,723
United Fidelity Funding Corp. 42 5.24% $11,240
MID AMERICA MORTGAGE, INC. 42 4.92% $3,709
Carrington Mortgage Services, LLC 41 5.11% $9,149
First Bank 40 4.72% $7,567
CROSSCOUNTRY MORTGAGE, LLC 40 5.08% $9,381
Flagstar Bank, FSB 39 4.79% $7,454
ACADEMY MORTGAGE CORPORATION 38 5.10% $7,555
UNION HOME MORTGAGE CORP. 37 4.83% $7,901
CMG MORTGAGE, INC. 37 4.78% $9,378
S1L, Inc. 35 5.34% $8,223
Arvest Bank 35 5.53% $7,375
Neighborhood Loans, Inc. 32 5.44% $8,784
NEWREZ LLC 31 4.79% $7,480
American Mortgage & Equity Consultants, Inc. 29 5.30% $7,210
MEGASTAR FINANCIAL CORP. 28 4.96% $7,813
INLANTA MORTGAGE, INC. 27 5.08% $7,754
BAY EQUITY LLC 27 5.13% $10,539
BOKF 27 5.11% $7,722
The Central Trust Bank 26 5.00% $7,206
JAMES B. NUTTER & COMPANY 26 4.81% $7,107
Mazuma Credit Union 25 5.23% $7,383
Bell Bank 25 5.23% $7,843
MUTUAL OF OMAHA MORTGAGE, INC. 24 4.70% $10,810
GUARANTEED RATE, INC. 23 5.15% $9,015
PLANET HOME LENDING, LLC 21 4.50% $7,255
Equity Prime Mortgage LLC 21 5.69% $9,024
SUN WEST MORTGAGE COMPANY, INC. 21 5.99% $10,374
U.S. Bank 20 5.12% $6,396
NBKC BANK 20 4.72% $7,409
The Home Loan Expert LLC 19 4.91% $8,157
PANORAMA MORTGAGE GROUP, LLC 19 5.70% $11,525
FINANCE OF AMERICA MORTGAGE LLC 19 5.37% $9,382
Mortgage Research Center, LLC 18 5.09% $7,605
Commerce Bank 18 4.88% $5,727
LOANPAL, LLC 17 4.53% $9,653
VANDERBILT MORTGAGE AND FINANCE, INC. 17 4.82% $12,073
Bank of America 17 3.91% $3,639
AMERICAN PACIFIC MORTGAGE CORPORATION 17 5.46% $9,209
Paramount Residential Mortgage Group, Inc. 16 5.36% $9,946
DELMAR FINANCIAL COMPANY 15 5.46% $7,250
PREMIER MORTGAGE RESOURCES, L.L.C. 15 5.12% $8,332
First Federal Bank of Kansas City 15 5.12% $7,383
Nations Lending Corporation 15 4.93% $8,315
TOP FLITE FINANCIAL, INC. 13 5.40% $13,179
American Mortgage Bank, LLC 13 5.68% $12,506
GENEVA FINANCIAL, LLC 12 5.24% $8,069
GERSHMAN INVESTMENT CORP. 12 5.24% $7,868
Sunflower Bank 11 4.94% $7,127
First National Bank of Omaha 11 4.53% $7,095
Gateway First Bank 11 5.68% $7,815
Ixonia Bank 10 5.10% $9,461
HOMESIDE FINANCIAL, LLC 10 5.20% $7,511
AMERICAN FINANCING CORPORATION 10 4.48% $7,845
VILLAGE CAPITAL MORTGAGE 9 3.97% $5,816
TruHome Solutions, LLC 9 4.94% $8,879
Bank of England 9 4.22% $8,354
CHURCHILL MORTGAGE CORPORATION 8 4.75% $8,381
ZILLOW HOME LOANS, LLC 8 5.14% $7,610
PLAZA HOME MORTGAGE, INC. 8 5.47% $6,529
Central National Bank 8 5.34% $5,908
Fidelity Bank 7 4.55% $8,428
M&T Bank 7 5.18% $8,548
Waterstone Mortgage Corporation 7 6.16% $8,137
The Federal Savings Bank 7 5.34% $15,615
First Guaranty Mortgage Corporation 7 3.75% $6,480
Mortgage Investment Services Corporation 6 4.94% $5,515
Wyndham Capital Mortgage, Inc. 6 5.08% $7,721
Amerifirst Financial, Inc. 6 5.94% $9,117
Academy Bank 6 5.46% $7,143
First Home Bank 5 4.93% $10,017
Citizens Bank 5 4.60% $6,483
Community First National Bank 5 4.70% $8,515
NORTHERN MORTGAGE SERVICES, LLC 5 4.85% $7,078
Enterprise Bank & Trust 5 5.55% $6,077
MORTGAGE SOLUTIONS OF COLORADO, LLC 5 5.45% $14,559
US MORTGAGE CORPORATION 5 5.95% $6,087
JPMorgan Chase Bank 5 4.73% $5,142
Wells Fargo Bank 5 5.30% $11,241
Landmark National Bank 4 5.34% $9,741
Hawthorn Bank 4 5.94% $5,620
Midwest Mortgage Associates Corporation 4 4.63% $6,808
Northpointe Bank 4 5.00% $12,273
PHH Mortgage Corporation 4 4.69% $10,294
Servion, Inc. 4 6.06% $7,383
Sierra Pacific Mortgage Company, Inc. 4 5.50% $10,188
THRIVE MORTGAGE, LLC 4 5.41% $8,180
AmeriHome Mortgage Company, LLC 4 5.25% $9,817
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 5.29% $6,435
ON Q FINANCIAL, INC. 3 6.46% $7,542
Texana Bank 3 5.08% $10,858
ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 5.75% $11,233
LIBERTY HOME MORTGAGE CORPORATION 3 5.79% $14,413
HOMESPIRE MORTGAGE CORPORATION 3 5.46% $9,396
EMBRACE HOME LOANS, INC. 3 4.08% $8,109
UNITED MORTGAGE CORP. 3 5.54% $10,732
MORIA DEVELOPMENT, INC. 3 5.79% $7,427
Paramount Bank 3 4.88% $6,904
MYCUMORTGAGE, LLC 3 5.96% $4,373
First Mortgage Solutions, LLC 3 3.46% $9,383
NEW DAY FINANCIAL, LLC 3 5.54% $7,634
RESIDENTIAL BANCORP. 3 4.91% $10,801
Flanagan State Bank 3 5.96% $9,277
KELLER MORTGAGE, LLC 3 5.08% $7,411
SECURITYNATIONAL MORTGAGE COMPANY 3 4.88% $6,633
SUCCESS MORTGAGE PARTNERS, INC. 3 4.71% $10,377
GSF Mortgage Corporation 3 5.04% $10,554
Armed Forces Bank 3 5.04% $6,890
Simmons Bank 2 5.94% $6,819
Great Southern Bank 2 5.63% $5,292
CASTLE & COOKE MORTGAGE, LLC 2 5.50% $7,978
NP, Inc. 2 4.13% $5,912
GUARANTEED RATE AFFINITY, LLC 2 5.19% $9,461
FIRST INTEGRITY MORTGAGE SERVICES, INC. 2 5.38% $4,504
Regions Bank 2 5.00% $6,767
BETTER MORTGAGE CORPORATION 2 4.94% $12,260
BAYSHORE MORTGAGE FUNDING, LLC 2 7.13% $12,559
Magnolia Bank 2 5.50% $9,902
The Union Bank Company 2 5.56% $8,541
PNC Bank 2 5.13% $5,191
Members Mortgage Services, L.L.C. 2 4.63% $4,786
Peoples Bank 2 6.06% $11,805
UMB Bank 2 5.94% $7,618
NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $8,859
ENVOY MORTGAGE, LTD 1 6.75% $6,253
NFM, INC. 1 6.13% $10,739
FirstTrust Home Loans, Inc. 1 5.13% $8,799
VERITAS FUNDING, LLC 1 6.88% $14,759
Oakstar Bank 1 5.25% $7,267
Origin Bank 1 3.00% $10,073
First United Bank 1 2.75% $8,065
Century Mortgage Company DBA Century Lending Company 1 2.38% $10,602
PREMIA MORTGAGE, LLC 1 3.50% $5,911
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.25% $6,511
BMO Harris Bank 1 5.00% $5,995
RED DIAMOND HOME LOANS, LLC 1 4.63% $8,885
RELIANCE FIRST CAPITAL, LLC 1 5.75% $10,061
ROYAL UNITED MORTGAGE LLC 1 5.63% $8,069
RUOFF MORTGAGE COMPANY, INC. 1 4.63% $8,609
Barrington Bank & Trust Company, N.A. 1 4.63% $4,281
Hometown Lenders, Inc. 1 3.50% $4,941
South State Bank 1 6.25% $8,160
AmRes Corporation 1 7.00% $8,552
Hometown Equity Mortgage, LLC 1 6.25% $6,945
HALLMARK HOME MORTGAGE, LLC 1 6.75% $7,084
HOMESITE MORTGAGE, LLC 1 6.13% $9,116
AMERICAN PORTFOLIO MORTGAGE CORPORATION 1 3.50% $5,729
HAMILTON HOME LOANS, INC. 1 4.75% $7,206
AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $7,359
KeyBank 1 4.88% $12,123
ACCESS CAPITAL FUNDING, L.L.C. 1 5.13% $7,830
First Internet Bank of Indiana 1 4.75% $5,754
Financial Funding Solutions, Inc. 1 6.75% $9,287

The top Kansas City FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 534 FHA loans originated. Their average total fees are $8,724, which is $1,218 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Kansas City FHA lenders (with over 10 loans originated) are Bank of America ($3,639), MID AMERICA MORTGAGE, INC. ($3,709), EVERETT FINANCIAL, INC. ($5,337), Commerce Bank ($5,727) and U.S. Bank ($6,396).

The lowest rate Kansas City FHA lenders (with over 10 loans originated) are Bank of America (3.91%), LAKEVIEW LOAN SERVICING, LLC (4.14%), PENNYMAC LOAN SERVICES, LLC (4.31%), AMERICAN FINANCING CORPORATION (4.48%) and QUICKEN LOANS, LLC (4.49%).

Kansas City FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
KANSAS CITY, MO-KS JOHNSON 2022 $431,250 $552,050 $667,350 $829,350
KANSAS CITY, MO-KS LEAVENWORTH 2022 $431,250 $552,050 $667,350 $829,350
KANSAS CITY, MO-KS LINN 2022 $431,250 $552,050 $667,350 $829,350
KANSAS CITY, MO-KS MIAMI 2022 $431,250 $552,050 $667,350 $829,350
KANSAS CITY, MO-KS WYANDOTTE 2022 $431,250 $552,050 $667,350 $829,350
KANSAS CITY, MO-KS BATES 2022 $431,250 $552,050 $667,350 $829,350
KANSAS CITY, MO-KS CALDWELL 2022 $431,250 $552,050 $667,350 $829,350
KANSAS CITY, MO-KS CASS 2022 $431,250 $552,050 $667,350 $829,350
KANSAS CITY, MO-KS CLAY 2022 $431,250 $552,050 $667,350 $829,350
KANSAS CITY, MO-KS CLINTON 2022 $431,250 $552,050 $667,350 $829,350
KANSAS CITY, MO-KS JACKSON 2022 $431,250 $552,050 $667,350 $829,350
KANSAS CITY, MO-KS LAFAYETTE 2022 $431,250 $552,050 $667,350 $829,350
KANSAS CITY, MO-KS PLATTE 2022 $431,250 $552,050 $667,350 $829,350
KANSAS CITY, MO-KS RAY 2022 $431,250 $552,050 $667,350 $829,350
KANSAS CITY, MO-KS JOHNSON 2023 $472,030 $604,400 $730,525 $907,900
KANSAS CITY, MO-KS LEAVENWORTH 2023 $472,030 $604,400 $730,525 $907,900
KANSAS CITY, MO-KS LINN 2023 $472,030 $604,400 $730,525 $907,900
KANSAS CITY, MO-KS MIAMI 2023 $472,030 $604,400 $730,525 $907,900
KANSAS CITY, MO-KS WYANDOTTE 2023 $472,030 $604,400 $730,525 $907,900
KANSAS CITY, MO-KS BATES 2023 $472,030 $604,400 $730,525 $907,900
KANSAS CITY, MO-KS CALDWELL 2023 $472,030 $604,400 $730,525 $907,900
KANSAS CITY, MO-KS CASS 2023 $472,030 $604,400 $730,525 $907,900
KANSAS CITY, MO-KS CLAY 2023 $472,030 $604,400 $730,525 $907,900
KANSAS CITY, MO-KS CLINTON 2023 $472,030 $604,400 $730,525 $907,900
KANSAS CITY, MO-KS JACKSON 2023 $472,030 $604,400 $730,525 $907,900
KANSAS CITY, MO-KS LAFAYETTE 2023 $472,030 $604,400 $730,525 $907,900
KANSAS CITY, MO-KS PLATTE 2023 $472,030 $604,400 $730,525 $907,900
KANSAS CITY, MO-KS RAY 2023 $472,030 $604,400 $730,525 $907,900

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Kansas City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $280,532 (15.9%) $340,943 (9.9%) 1.04 5,233
2018-02-01 $296,043 (18.4%) $356,342 (13.8%) 1.08 4,858
2018-03-01 $303,750 (13.7%) $364,970 (10.9%) 1.07 5,071
2018-04-01 $306,345 (9.4%) $372,207 (8.1%) 1.04 5,298
2018-05-01 $302,500 (10.0%) $371,705 (7.6%) 1.01 5,768
2018-06-01 $298,500 (8.6%) $366,079 (6.0%) 1.00 6,209
2018-07-01 $293,188 (6.6%) $363,206 (6.4%) 0.98 6,590
2018-08-01 $290,000 (7.4%) $360,932 (6.0%) 0.97 6,874
2018-09-01 $292,200 (8.4%) $361,016 (7.0%) 0.98 7,099
2018-10-01 $289,950 (8.6%) $354,719 (5.9%) 0.98 7,290
2018-11-01 $289,900 (7.4%) $355,147 (6.4%) 0.98 7,167
2018-12-01 $292,925 (10.5%) $355,910 (7.6%) 1.01 6,543
2019-01-01 $299,700 (6.8%) $359,325 (5.4%) 1.04 6,095
2019-02-01 $312,450 (5.5%) $371,630 (4.3%) 1.06 5,790
2019-03-01 $324,950 (7.0%) $383,661 (5.1%) 1.08 5,631
2019-04-01 $322,500 (5.3%) $387,401 (4.1%) 1.02 5,974
2019-05-01 $325,000 (7.4%) $391,732 (5.4%) 1.02 6,176
2019-06-01 $324,825 (8.8%) $389,987 (6.5%) 1.02 6,343
2019-07-01 $309,950 (5.7%) $380,436 (4.7%) 0.97 6,625
2019-08-01 $315,000 (8.6%) $386,312 (7.0%) 0.99 6,531
2019-09-01 $322,400 (10.3%) $391,437 (8.4%) 1.02 6,166
2019-10-01 $309,950 (6.9%) $381,860 (7.7%) 1.00 6,868
2019-11-01 $309,950 (6.9%) $379,824 (7.0%) 1.02 6,550
2019-12-01 $313,824 (7.1%) $383,662 (7.8%) 1.05 5,694
2020-01-01 $324,000 (8.1%) $391,519 (9.0%) 1.08 5,052
2020-02-01 $338,475 (8.3%) $408,264 (9.9%) 1.11 4,712
2020-03-01 $350,000 (7.7%) $428,168 (11.6%) 1.10 4,512
2020-04-01 $351,950 (9.1%) $428,484 (10.6%) 1.10 4,517
2020-05-01 $369,000 (13.5%) $451,884 (15.4%) 1.12 4,335
2020-06-01 $375,000 (15.5%) $473,815 (21.5%) 1.10 3,983
2020-07-01 $372,275 (20.1%) $467,991 (23.0%) 1.08 3,715
2020-08-01 $362,000 (14.9%) $465,548 (20.5%) 1.04 3,556
2020-09-01 $353,775 (9.7%) $1,013,048 (158.8%) 1.01 3,519
2020-10-01 $349,999 (12.9%) $449,552 (17.7%) 1.00 3,603
2020-11-01 $339,250 (9.5%) $432,417 (13.9%) 0.99 3,481
2020-12-01 $324,238 (3.3%) $412,565 (7.5%) 0.96 3,102
2021-01-01 $333,900 (3.1%) $423,056 (8.1%) 1.00 2,609
2021-02-01 $347,450 (2.7%) $451,745 (10.7%) 1.01 2,057
2021-03-01 $347,450 (-0.7%) $455,021 (6.3%) 0.99 1,957
2021-04-01 $340,200 (-3.3%) $448,367 (4.6%) 0.92 2,064
2021-05-01 $340,000 (-7.9%) $442,401 (-2.1%) 0.90 2,205
2021-06-01 $327,694 (-12.6%) $425,023 (-10.3%) 0.86 2,556
2021-07-01 $325,000 (-12.7%) $419,928 (-10.3%) 0.86 3,115
2021-08-01 $317,500 (-12.3%) $409,737 (-12.0%) 0.85 3,282
2021-09-01 $322,450 (-8.9%) $404,916 (-60.0%) 0.86 3,436
2021-10-01 $322,000 (-8.0%) $406,808 (-9.5%) 0.86 3,370
2021-11-01 $329,950 (-2.7%) $408,817 (-5.5%) 0.88 3,145
2021-12-01 $343,450 (5.9%) $413,861 (0.3%) 0.93 2,726
2022-01-01 $365,000 (9.3%) $431,456 (2.0%) 0.99 2,218
2022-02-01 $387,475 (11.5%) $451,258 (-0.1%) 1.01 2,045
2022-03-01 $386,538 (11.3%) $442,717 (-2.7%) 0.97 2,096
2022-04-01 $380,000 (11.7%) $450,707 (0.5%) 0.91 2,265
2022-05-01 $399,900 (17.6%) $463,755 (4.8%) 0.91 2,705
2022-06-01 $399,000 (21.8%) $465,292 (9.5%) 0.89 3,245
2022-07-01 $394,925 (21.5%) $459,142 (9.3%) 0.89 4,017
2022-08-01 $387,444 (22.0%) $454,285 (10.9%) 0.89 4,193
2022-09-01 $388,000 (20.3%) $454,584 (12.3%) 0.91 4,356
2022-10-01 $389,000 (20.8%) $457,724 (12.5%) 0.92 4,724
2022-11-01 $399,900 (21.2%) $470,896 (15.2%) 0.96 4,730
2022-12-01 $410,000 (19.4%) $473,364 (14.4%) 1.01 4,378
2023-01-01 $432,425 (18.5%) $484,419 (12.3%) 1.07 4,049
2023-02-01 $442,450 (14.2%) $495,694 (9.9%) 1.07 3,733
2023-03-01 $454,950 (17.7%) $508,624 (14.9%) 1.07 3,521
2023-04-01 $460,200 (21.1%) $526,217 (16.8%) 1.07 3,402
Kansas City's median listing price for 2023-04-01 was $460,200, a difference of $80,200 (21.1%) versus the prior year and $5,250 versus the prior month.

Kansas City's median listing price comes in at 107% of the national average.

Kansas City's average listing price for 2023-04-01 was $526,217, a difference of $75,510 (16.8%) versus the prior year and $17,593 versus the prior month.

For the 2023-04-01 period, Kansas City had 3,402 MLS listings, a difference of -119 listings (-3%) versus the prior month and 1,137 listings (50%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Kansas City (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 86 days 2,144 sqft
2018-02-01 86 days 2,203 sqft
2018-03-01 57 days 2,268 sqft
2018-04-01 50 days 2,318 sqft
2018-05-01 46 days 2,327 sqft
2018-06-01 47 days 2,314 sqft
2018-07-01 51 days 2,315 sqft
2018-08-01 53 days 2,295 sqft
2018-09-01 57 days 2,312 sqft
2018-10-01 60 days 2,286 sqft
2018-11-01 63 days 2,240 sqft
2018-12-01 78 days 2,210 sqft
2019-01-01 87 days 2,217 sqft
2019-02-01 92 days 2,263 sqft
2019-03-01 68 days 2,304 sqft
2019-04-01 49 days 2,352 sqft
2019-05-01 43 days 2,362 sqft
2019-06-01 49 days 2,363 sqft
2019-07-01 50 days 2,295 sqft
2019-08-01 64 days 2,309 sqft
2019-09-01 66 days 2,310 sqft
2019-10-01 58 days 2,281 sqft
2019-11-01 64 days 2,267 sqft
2019-12-01 79 days 2,245 sqft
2020-01-01 88 days 2,273 sqft
2020-02-01 92 days 2,323 sqft
2020-03-01 62 days 2,400 sqft
2020-04-01 61 days 2,400 sqft
2020-05-01 65 days 2,453 sqft
2020-06-01 55 days 2,490 sqft
2020-07-01 49 days 2,448 sqft
2020-08-01 45 days 2,377 sqft
2020-09-01 43 days 2,345 sqft
2020-10-01 42 days 2,321 sqft
2020-11-01 47 days 2,208 sqft
2020-12-01 57 days 2,142 sqft
2021-01-01 67 days 2,100 sqft
2021-02-01 64 days 2,155 sqft
2021-03-01 46 days 2,163 sqft
2021-04-01 38 days 2,131 sqft
2021-05-01 39 days 2,103 sqft
2021-06-01 39 days 2,084 sqft
2021-07-01 38 days 2,071 sqft
2021-08-01 41 days 2,026 sqft
2021-09-01 45 days 2,018 sqft
2021-10-01 48 days 2,004 sqft
2021-11-01 52 days 2,008 sqft
2021-12-01 59 days 2,030 sqft
2022-01-01 70 days 2,056 sqft
2022-02-01 61 days 2,100 sqft
2022-03-01 45 days 2,071 sqft
2022-04-01 39 days 2,088 sqft
2022-05-01 40 days 2,165 sqft
2022-06-01 40 days 2,170 sqft
2022-07-01 43 days 2,168 sqft
2022-08-01 49 days 2,130 sqft
2022-09-01 53 days 2,145 sqft
2022-10-01 54 days 2,150 sqft
2022-11-01 63 days 2,190 sqft
2022-12-01 76 days 2,200 sqft
2023-01-01 88 days 2,212 sqft
2023-02-01 92 days 2,237 sqft
2023-03-01 82 days 2,300 sqft
2023-04-01 71 days 2,328 sqft
Kansas City's median listing age (time on market) for 2023-04-01 was 71 days. This is 82% longer than the same period one year ago.

Kansas City's median square footage for active listings during the 2023-04-01 period was 2,328 sqft. One year prior, the average listing was 2,088 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).