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 182 lenders originated 9,799 FHA loans during 2021. The total origination value was $2,009,675,000, with an average FHA loan value of $205,090.

Kansas City FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Kansas City averaged 6.27% for the week of 2022-12-02, compared to the national average (all FHA variants) of 6.466% for the same period.

Kansas City's average FHA mortgage closing costs are $5,918.

The average rate for the prior week (2022-11-25) was 6.29% and one month ago for the week of 2022-10-28, the average rate was 6.93%.

The average rate one year ago was 3.26%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.2%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 875 2.74% $5,842
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 484 3.18% $6,349
FREEDOM MORTGAGE CORPORATION 416 2.87% $4,441
FLAT BRANCH MORTGAGE, INC. 409 3.16% $6,269
LEADERONE FINANCIAL CORPORATION 362 3.15% $6,454
LAKEVIEW LOAN SERVICING, LLC 317 3.01% $4,501
PRIMELENDING, A PLAINSCAPITAL COMPANY 314 3.23% $6,894
GUILD MORTGAGE COMPANY 235 3.04% $6,506
COMMUNITY MORTGAGE, LLC 227 2.89% $6,540
Prosperity Home Mortgage, LLC 212 3.30% $6,490
Mr. Cooper ( Nationstar Mortgage ) 209 3.32% $3,968
JLB CORPORATION 202 2.84% $7,102
PENNYMAC LOAN SERVICES, LLC 190 3.11% $4,417
First State Bank of St. Charles, Missouri 168 2.81% $6,637
COMMUNITYAMERICA 158 2.93% $6,193
UNITED WHOLESALE MORTGAGE, LLC 155 2.79% $6,252
HOME POINT FINANCIAL CORPORATION 143 2.93% $6,412
CALIBER HOME LOANS, INC. 139 2.86% $5,322
GUARANTEED RATE, INC. 136 2.93% $6,806
AMERICAN PACIFIC MORTGAGE CORPORATION 119 2.99% $6,999
HOMEBRIDGE FINANCIAL SERVICES, INC. 111 2.94% $6,180
CROSSCOUNTRY MORTGAGE, LLC 106 3.18% $7,270
BROKER SOLUTIONS, INC. 103 3.34% $6,974
LOANDEPOT.COM, LLC 97 3.26% $7,542
ENDEAVOR CAPITAL, LLC. 91 3.19% $5,915
MID AMERICA MORTGAGE, INC. 85 2.83% $2,764
UNION HOME MORTGAGE CORP. 83 3.17% $6,840
North American Savings Bank, F.S.B. 78 2.75% $5,610
OPEN MORTGAGE, LLC 74 2.99% $7,812
NEWREZ LLC 66 2.98% $4,790
First Bank 64 2.76% $6,583
Carrington Mortgage Services, LLC 64 3.47% $6,539
MOVEMENT MORTGAGE, LLC 64 3.23% $6,363
American Mortgage & Equity Consultants, Inc. 64 3.61% $6,447
DAS Acquisition Company, LLC 64 3.31% $6,753
Arvest Bank 62 2.84% $6,432
United Fidelity Funding Corp. 55 2.95% $9,541
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 52 3.34% $7,657
VILLAGE CAPITAL MORTGAGE 52 2.94% $2,131
MEGASTAR FINANCIAL CORP. 51 2.96% $6,570
AMERISAVE MORTGAGE CORPORATION 51 3.05% $7,030
BNC National Bank 50 2.76% $6,130
SUMMIT FUNDING, INC. 49 3.43% $7,919
FINANCE OF AMERICA MORTGAGE LLC 48 3.48% $7,106
NBH Bank 47 3.20% $6,877
BOKF 43 3.20% $6,385
PLANET HOME LENDING, LLC 40 2.82% $5,260
CMG MORTGAGE, INC. 34 3.24% $5,970
Plains Commerce Bank 30 2.69% $5,770
U.S. Bank 30 3.27% $5,880
INLANTA MORTGAGE, INC. 30 3.09% $6,343
Flagstar Bank, FSB 29 2.77% $6,190
EVERETT FINANCIAL, INC. 29 3.44% $5,058
Commerce Bank 28 3.32% $4,960
ACADEMY MORTGAGE CORPORATION 26 3.15% $6,904
The Central Trust Bank 26 3.02% $6,792
Fidelity Bank 25 2.98% $6,530
S1L, Inc. 25 3.24% $6,968
First Federal Bank of Kansas City 24 2.90% $6,480
Ixonia Bank 24 3.72% $9,356
Mazuma Credit Union 24 2.81% $6,372
Nations Lending Corporation 23 3.65% $7,033
GENEVA FINANCIAL, LLC 22 3.21% $7,368
CELEBRITY HOME LOANS, LLC 22 3.14% $7,223
Academy Bank 22 2.91% $6,678
Bank of America 21 2.93% $3,635
DELMAR FINANCIAL COMPANY 20 3.23% $4,233
The Home Loan Expert LLC 20 3.20% $6,222
GERSHMAN INVESTMENT CORP. 19 3.33% $5,799
PREMIER MORTGAGE RESOURCES, L.L.C. 19 3.18% $7,311
First Mortgage Solutions, LLC 19 2.81% $6,090
First National Bank of Omaha 19 2.93% $6,090
Community First National Bank 18 2.68% $6,670
American Mortgage Bank, LLC 18 3.18% $7,005
Sunflower Bank 18 3.10% $7,316
PANORAMA MORTGAGE GROUP, LLC 17 3.40% $7,528
First Guaranty Mortgage Corporation 17 2.96% $6,069
Bank of England 17 3.09% $7,470
Paramount Residential Mortgage Group, Inc. 16 3.43% $7,239
UMB Bank 15 2.93% $6,022
Mortgage Research Center, LLC 15 3.04% $5,262
NBKC BANK 13 3.14% $6,977
Bell Bank 13 2.95% $7,779
AMERICAN FINANCIAL NETWORK, INC. 12 3.56% $15,500
The Federal Savings Bank 12 2.76% $9,136
Mortgage Investment Services Corporation 12 3.08% $5,610
Central National Bank 11 2.66% $4,587
First Home Bank 11 3.22% $6,534
ZILLOW HOME LOANS, LLC 11 3.11% $6,974
Gateway First Bank 11 3.57% $4,610
Neighborhood Loans, Inc. 10 3.01% $6,790
MUTUAL OF OMAHA MORTGAGE, INC. 10 2.96% $8,173
Landmark National Bank 9 2.81% $6,068
HOMESIDE FINANCIAL, LLC 9 3.06% $7,159
TOP FLITE FINANCIAL, INC. 9 3.24% $10,917
SUN WEST MORTGAGE COMPANY, INC. 9 3.39% $6,845
NORTHERN MORTGAGE SERVICES, LLC 8 3.20% $5,860
Sierra Pacific Mortgage Company, Inc. 8 3.06% $5,814
AMERICAN FINANCING CORPORATION 8 2.95% $7,364
M&T Bank 8 3.17% $6,276
Paramount Bank 7 3.16% $4,980
Equity Prime Mortgage LLC 7 3.68% $5,933
CHURCHILL MORTGAGE CORPORATION 7 3.23% $6,277
BAY EQUITY LLC 7 2.95% $6,777
PHH Mortgage Corporation 7 3.30% $5,762
PLAZA HOME MORTGAGE, INC. 7 2.82% $6,675
Members Mortgage Services, L.L.C. 6 2.60% $3,754
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 6 3.31% $8,891
TruHome Solutions, LLC 6 3.33% $5,753
Servion, Inc. 6 2.88% $6,082
Hawthorn Bank 6 2.65% $6,102
PRIMARY RESIDENTIAL MORTGAGE, INC. 6 3.71% $6,116
ARK-LA-TEX FINANCIAL SERVICES, LLC. 6 3.50% $7,258
SENTE MORTGAGE, INC. 6 3.40% $8,467
SUCCESS MORTGAGE PARTNERS, INC. 5 3.22% $7,810
Enterprise Bank & Trust 5 2.98% $6,442
JAMES B. NUTTER & COMPANY 5 2.85% $3,389
THRIVE MORTGAGE, LLC 5 3.50% $7,446
AMERICAN FINANCIAL RESOURCES, INC. 5 3.33% $5,954
KS StateBank 5 2.63% $6,848
Citizens Bank 5 3.03% $5,357
KELLER MORTGAGE, LLC 5 3.00% $5,547
JPMorgan Chase Bank 5 3.20% $4,870
Bank of the West 5 3.58% $6,782
Wyndham Capital Mortgage, Inc. 4 2.91% $5,418
STEARNS LENDING, LLC 4 3.00% $5,569
VANDERBILT MORTGAGE AND FINANCE, INC. 4 3.09% $8,220
Oakstar Bank 4 2.53% $6,557
Midwest Mortgage Associates Corporation 4 2.88% $7,664
LOANPAL, LLC 4 3.03% $10,017
Peoples Bank 4 3.41% $9,209
Magnolia Bank 4 2.97% $6,431
OCEANSIDE MORTGAGE COMPANY 4 2.56% $3,353
RUOFF MORTGAGE COMPANY, INC. 3 3.00% $3,915
Flanagan State Bank 3 4.00% $6,956
Regions Bank 3 2.92% $7,075
AMCAP MORTGAGE, LTD. 3 3.67% $8,222
Armed Forces Bank 3 2.71% $5,266
InterContinental Capital Group, Inc 3 3.21% $7,672
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 2.75% $8,563
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 3 3.46% $5,628
First Savings Bank 2 4.13% $10,572
GSF Mortgage Corporation 2 3.25% $4,285
HAMILTON HOME LOANS, INC. 2 3.62% $7,521
NexBank 2 2.94% $7,161
BAYSHORE MORTGAGE FUNDING, LLC 2 3.13% $5,447
Origin Bank 2 3.06% $7,106
T2 FINANCIAL LLC 2 3.25% $11,291
Union Bank and Trust Company 2 2.75% $6,006
Wells Fargo Bank 2 3.25% $4,170
PNC Bank 1 2.88% $6,203
SECURITYNATIONAL MORTGAGE COMPANY 1 2.75% $6,812
Barrington Bank & Trust Company, N.A. 1 2.63% $9,263
BETTER MORTGAGE CORPORATION 1 3.75% $6,173
Centennial Bank 1 3.25% $5,230
SOUTHWEST FUNDING, LP 1 3.75% $5,265
SpiritBank 1 2.63% $6,678
MYCUMORTGAGE, LLC 1 2.88% $3,851
Chickasaw Community Bank 1 2.63% $9,475
MORIA DEVELOPMENT, INC. 1 3.38% $5,542
Meridian Bank Corporation 1 2.88% $5,604
Colonial Savings, F.A. 1 3.25% $4,231
Great Southern Bank 1 2.63% $3,647
Low VA Rates, LLC 1 2.50% $3,852
Level One Bank 1 2.50% $7,021
DRAPER AND KRAMER MORTGAGE CORP. 1 3.25% $6,049
LAND HOME FINANCIAL SERVICES, INC. 1 3.38% $9,532
TIAA, FSB 1 2.75% $9,778
EMBRACE HOME LOANS, INC. 1 3.25% $6,839
Trinity Oaks Mortgage, LLC 1 3.75% $10,796
FBC MORTGAGE, LLC 1 2.75% $7,638
INLAND BANK & TRUST 1 3.00% $9,732
GUARANTEED RATE AFFINITY, LLC 1 2.75% $6,431
Hometown Equity Mortgage, LLC 1 2.50% $13,988
HOMESPIRE MORTGAGE CORPORATION 1 3.25% $7,876
Financial Funding Solutions, Inc. 1 3.13% $4,943
Guaranty Bank 1 3.63% $5,886
FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 4.25% $3,966
Access Bank 1 2.63% $7,240
Regent Financial Group, Inc. 1 3.25% $3,639
ROYAL UNITED MORTGAGE LLC 1 2.75% $8,388
RED DIAMOND HOME LOANS, LLC 1 2.88% $5,858

The top Kansas City FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 875 FHA loans originated. Their average total fees are $5,842, which is $507 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Kansas City FHA lenders (with over 10 loans originated) are VILLAGE CAPITAL MORTGAGE ($2,131), MID AMERICA MORTGAGE, INC. ($2,764), Bank of America ($3,635), Mr. Cooper ( Nationstar Mortgage ) ($3,968) and DELMAR FINANCIAL COMPANY ($4,233).

The lowest rate Kansas City FHA lenders (with over 10 loans originated) are Central National Bank (2.66%), Community First National Bank (2.68%), Plains Commerce Bank (2.69%), QUICKEN LOANS, LLC (2.74%) and North American Savings Bank, F.S.B. (2.75%).

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

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%) 1.07 4,858
2018-03-01 $303,750 (13.7%) $364,970 (10.9%) 1.07 5,071
2018-04-01 $306,345 (9.4%) $372,213 (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%) 1.03 6,095
2019-02-01 $312,450 (5.5%) $371,630 (4.3%) 1.06 5,790
2019-03-01 $319,921 (5.3%) $380,155 (4.2%) 1.05 5,787
2019-04-01 $322,475 (5.3%) $386,388 (3.8%) 1.02 5,890
2019-05-01 $325,000 (7.4%) $391,595 (5.4%) 1.02 6,185
2019-06-01 $324,000 (8.5%) $389,757 (6.5%) 1.01 6,352
2019-07-01 $309,950 (5.7%) $380,196 (4.7%) 0.97 6,634
2019-08-01 $307,714 (6.1%) $379,102 (5.0%) 0.97 6,721
2019-09-01 $311,784 (6.7%) $382,490 (6.0%) 1.00 6,803
2019-10-01 $311,923 (7.6%) $382,953 (8.0%) 1.01 6,879
2019-11-01 $309,900 (6.9%) $379,584 (6.9%) 1.02 6,560
2019-12-01 $311,948 (6.5%) $383,386 (7.7%) 1.04 5,705
2020-01-01 $323,594 (8.0%) $391,182 (8.9%) 1.08 5,063
2020-02-01 $337,500 (8.0%) $407,863 (9.8%) 1.10 4,723
2020-03-01 $349,975 (9.4%) $427,701 (12.5%) 1.10 4,523
2020-04-01 $350,919 (8.8%) $428,021 (10.8%) 1.10 4,528
2020-05-01 $368,900 (13.5%) $451,341 (15.3%) 1.12 4,347
2020-06-01 $375,000 (15.7%) $473,167 (21.4%) 1.10 3,995
2020-07-01 $372,000 (20.0%) $467,231 (22.9%) 1.08 3,727
2020-08-01 $360,475 (17.2%) $464,829 (22.6%) 1.03 3,567
2020-09-01 $352,088 (12.9%) $1,010,551 (164.2%) 1.01 3,531
2020-10-01 $349,950 (12.2%) $448,812 (17.2%) 1.00 3,615
2020-11-01 $338,000 (9.1%) $431,767 (13.8%) 0.99 3,493
2020-12-01 $322,849 (3.5%) $412,008 (7.5%) 0.96 3,114
2021-01-01 $331,900 (2.6%) $422,339 (8.0%) 0.99 2,621
2021-02-01 $347,375 (2.9%) $450,688 (10.5%) 1.01 2,069
2021-03-01 $347,425 (-0.7%) $453,925 (6.1%) 0.99 1,969
2021-04-01 $339,950 (-3.1%) $447,311 (4.5%) 0.92 2,075
2021-05-01 $339,950 (-7.9%) $441,362 (-2.2%) 0.90 2,215
2021-06-01 $327,500 (-12.7%) $424,092 (-10.4%) 0.86 2,566
2021-07-01 $325,000 (-12.6%) $419,389 (-10.2%) 0.86 3,118
2021-08-01 $317,450 (-11.9%) $409,200 (-12.0%) 0.85 3,287
2021-09-01 $320,500 (-9.0%) $404,392 (-60.0%) 0.85 3,444
2021-10-01 $320,000 (-8.6%) $406,196 (-9.5%) 0.85 3,379
2021-11-01 $329,925 (-2.4%) $408,121 (-5.5%) 0.88 3,153
2021-12-01 $342,500 (6.1%) $413,034 (0.3%) 0.93 2,736
2022-01-01 $365,000 (10.0%) $430,512 (1.9%) 0.99 2,229
2022-02-01 $385,925 (11.1%) $450,168 (-0.1%) 1.00 2,057
2022-03-01 $382,750 (10.2%) $441,708 (-2.7%) 0.96 2,108
2022-04-01 $379,925 (11.8%) $449,756 (0.6%) 0.91 2,277
2022-05-01 $399,250 (17.4%) $462,961 (4.9%) 0.91 2,717
2022-06-01 $399,000 (21.8%) $464,596 (9.6%) 0.89 3,257
2022-07-01 $391,500 (20.5%) $458,560 (9.3%) 0.89 4,029
2022-08-01 $386,975 (21.9%) $453,726 (10.9%) 0.89 4,205
2022-09-01 $387,500 (20.9%) $453,980 (12.3%) 0.91 4,368
2022-10-01 $388,475 (21.4%) $457,089 (12.5%) 0.91 4,736
2022-11-01 $399,900 (21.2%) $470,367 (15.3%) 0.96 4,742
Kansas City's median listing price for 2022-11-01 was $399,900, a difference of $69,975 (21.2%) versus the prior year and $11,425 versus the prior month.

Kansas City's median listing price comes in at 96% of the national average.

Kansas City's average listing price for 2022-11-01 was $470,367, a difference of $62,246 (15.3%) versus the prior year and $13,278 versus the prior month.

For the 2022-11-01 period, Kansas City had 4,742 MLS listings, a difference of 6 listings (0%) versus the prior month and 1,589 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 2,142 sqft
2018-02-01 86 days 2,204 sqft
2018-03-01 57 days 2,270 sqft
2018-04-01 50 days 2,318 sqft
2018-05-01 46 days 2,326 sqft
2018-06-01 47 days 2,303 sqft
2018-07-01 51 days 2,300 sqft
2018-08-01 53 days 2,281 sqft
2018-09-01 57 days 2,300 sqft
2018-10-01 60 days 2,285 sqft
2018-11-01 63 days 2,241 sqft
2018-12-01 78 days 2,208 sqft
2019-01-01 87 days 2,221 sqft
2019-02-01 92 days 2,268 sqft
2019-03-01 74 days 2,313 sqft
2019-04-01 49 days 2,349 sqft
2019-05-01 43 days 2,361 sqft
2019-06-01 50 days 2,364 sqft
2019-07-01 50 days 2,295 sqft
2019-08-01 52 days 2,281 sqft
2019-09-01 55 days 2,286 sqft
2019-10-01 58 days 2,285 sqft
2019-11-01 64 days 2,268 sqft
2019-12-01 79 days 2,244 sqft
2020-01-01 88 days 2,273 sqft
2020-02-01 92 days 2,322 sqft
2020-03-01 62 days 2,400 sqft
2020-04-01 61 days 2,400 sqft
2020-05-01 65 days 2,452 sqft
2020-06-01 55 days 2,488 sqft
2020-07-01 49 days 2,447 sqft
2020-08-01 45 days 2,374 sqft
2020-09-01 43 days 2,340 sqft
2020-10-01 42 days 2,319 sqft
2020-11-01 47 days 2,206 sqft
2020-12-01 57 days 2,140 sqft
2021-01-01 67 days 2,100 sqft
2021-02-01 64 days 2,152 sqft
2021-03-01 46 days 2,160 sqft
2021-04-01 38 days 2,129 sqft
2021-05-01 39 days 2,102 sqft
2021-06-01 39 days 2,084 sqft
2021-07-01 38 days 2,072 sqft
2021-08-01 41 days 2,028 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 2,031 sqft
2022-01-01 71 days 2,056 sqft
2022-02-01 61 days 2,097 sqft
2022-03-01 46 days 2,070 sqft
2022-04-01 39 days 2,089 sqft
2022-05-01 40 days 2,165 sqft
2022-06-01 40 days 2,169 sqft
2022-07-01 43 days 2,168 sqft
2022-08-01 49 days 2,129 sqft
2022-09-01 53 days 2,145 sqft
2022-10-01 55 days 2,150 sqft
2022-11-01 63 days 2,189 sqft
Kansas City's median listing age (time on market) for 2022-11-01 was 63 days. This is 21% longer than the same period one year ago.

Kansas City's median square footage for active listings during the 2022-11-01 period was 2,189 sqft. One year prior, the average listing was 2,008 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).