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 170 lenders originated 5,531 FHA loans during 2023. The total origination value was $1,300,755,000, with an average FHA loan value of $235,175.

Kansas City FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Kansas City averaged 6.67% for the week of 2024-05-24, compared to the national average (all FHA variants) of 6.746% for the same period.

Kansas City's average FHA mortgage closing costs are $6,628.

The average rate for the prior week (2024-05-17) was 6.96% and one month ago for the week of 2024-04-19, the average rate was 6.98%.

The average rate one year ago was 6.61%.

For refis of the same type during the week of 2024-05-24, the average rate was 7.03%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 577 6.28% $10,105
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 360 6.82% $8,432
UNITED WHOLESALE MORTGAGE, LLC 271 6.52% $10,320
LEADERONE FINANCIAL CORPORATION 233 6.67% $9,235
FLAT BRANCH MORTGAGE, INC. 215 6.76% $8,330
COMMUNITYAMERICA 152 6.54% $8,003
PRIMELENDING, A PLAINSCAPITAL COMPANY 146 6.84% $9,483
COMMUNITY MORTGAGE, LLC 135 6.52% $8,343
First State Bank of St. Charles, Missouri 104 6.58% $8,229
GUILD MORTGAGE COMPANY 103 6.66% $9,312
Prosperity Home Mortgage, LLC 97 6.53% $9,016
Mr. Cooper ( Nationstar Mortgage ) 90 6.07% $13,001
FREEDOM MORTGAGE CORPORATION 87 6.95% $12,405
LOANDEPOT.COM, LLC 83 6.33% $11,379
BROKER SOLUTIONS, INC. 74 6.69% $11,236
JLB CORPORATION 73 6.48% $9,782
ENDEAVOR CAPITAL, LLC. 70 6.53% $9,098
DAS Acquisition Company, LLC 69 6.84% $9,703
EVERETT FINANCIAL, INC. 69 6.86% $7,622
SUMMIT FUNDING, INC. 67 6.77% $9,936
CROSSCOUNTRY MORTGAGE, LLC 66 6.78% $10,988
NEWREZ LLC 65 6.54% $9,823
PENNYMAC LOAN SERVICES, LLC 65 6.36% $11,061
First Bank 58 6.50% $8,850
MID AMERICA MORTGAGE, INC. 57 6.62% $3,819
United Fidelity Funding Corp. 55 7.02% $10,676
Waterstone Mortgage Corporation 54 6.70% $9,158
CARDINAL FINANCIAL 53 6.31% $8,585
ARK-LA-TEX FINANCIAL SERVICES, LLC. 46 6.80% $8,873
MUTUAL OF OMAHA MORTGAGE, INC. 43 6.56% $12,773
Neighborhood Loans, Inc. 43 6.96% $9,162
Plains Commerce Bank 42 6.59% $10,164
Arvest Bank 42 6.41% $8,125
AMERISAVE MORTGAGE CORPORATION 41 6.02% $12,562
OPEN MORTGAGE, LLC 40 6.67% $10,467
American Mortgage & Equity Consultants, Inc. 40 6.98% $9,137
Flagstar Bank, FSB 39 6.70% $8,120
MEGASTAR FINANCIAL CORP. 39 6.79% $8,324
The Central Trust Bank 36 6.55% $7,414
NBKC BANK 35 6.26% $8,300
BAYSHORE MORTGAGE FUNDING, LLC 34 6.85% $10,130
ACADEMY MORTGAGE CORPORATION 32 6.65% $8,562
Mazuma Credit Union 31 6.33% $8,239
HALLMARK HOME MORTGAGE, LLC 29 7.08% $9,393
SUN WEST MORTGAGE COMPANY, INC. 29 6.67% $9,661
Carrington Mortgage Services, LLC 29 6.22% $10,093
LAKEVIEW LOAN SERVICING, LLC 28 6.29% $11,451
Bell Bank 25 6.64% $8,832
GUARANTEED RATE, INC. 25 6.65% $9,056
Mortgage Research Center, LLC 24 7.12% $5,412
VANDERBILT MORTGAGE AND FINANCE, INC. 24 6.13% $14,204
UNION HOME MORTGAGE CORP. 24 6.67% $8,852
S1L, Inc. 24 6.63% $10,732
First National Bank of Omaha 23 6.59% $8,693
MORTGAGE SOLUTIONS OF COLORADO, LLC 21 6.92% $11,090
Commerce Bank 21 6.45% $5,683
Equity Prime Mortgage LLC 21 6.98% $10,511
NBH Bank 21 6.63% $6,493
UMB Bank 20 6.46% $7,398
PREMIER MORTGAGE RESOURCES, L.L.C. 20 6.69% $9,277
AMERICAN FINANCIAL NETWORK, INC. 19 7.14% $11,531
LOANPAL, LLC 18 6.17% $12,324
North American Savings Bank, F.S.B. 17 6.26% $8,455
BOKF 17 6.60% $9,010
PANORAMA MORTGAGE GROUP, LLC 16 7.25% $11,741
MOVEMENT MORTGAGE, LLC 16 6.71% $9,644
ZILLOW HOME LOANS, LLC 15 6.60% $10,097
First Federal Bank of Kansas City 15 6.79% $6,888
Hawthorn Bank 15 6.25% $7,296
PLAZA HOME MORTGAGE, INC. 15 6.59% $23,950
U.S. Bank 14 6.79% $6,591
Paramount Residential Mortgage Group, Inc. 14 6.79% $9,950
PLANET HOME LENDING, LLC 14 5.70% $8,262
AMERICAN PACIFIC MORTGAGE CORPORATION 13 6.77% $9,747
Midwest Mortgage Associates Corporation 13 6.78% $6,282
Bank of America 12 5.79% $4,962
First Federal Bank 11 6.86% $10,578
TOP FLITE FINANCIAL, INC. 11 6.93% $11,620
The Federal Savings Bank 11 6.28% $16,095
FIRST COMMUNITY MORTGAGE, INC. 11 6.76% $11,645
GENEVA FINANCIAL, LLC 10 6.86% $9,105
Academy Bank 9 6.63% $7,615
CALIBER HOME LOANS, INC. 9 6.32% $8,162
DELMAR FINANCIAL COMPANY 9 6.56% $7,989
Sierra Pacific Mortgage Company, Inc. 9 6.68% $9,239
Sunflower Bank 9 6.80% $9,435
TruHome Solutions, LLC 8 6.13% $11,834
GERSHMAN INVESTMENT CORP. 8 7.17% $7,767
Bank of England 8 6.20% $11,375
American Mortgage Bank, LLC 7 7.23% $8,623
BAY EQUITY LLC 7 6.00% $13,740
JPMorgan Chase Bank 7 7.11% $5,969
PHH Mortgage Corporation 7 6.83% $8,367
Community First National Bank 7 6.41% $9,334
AMERICAN FINANCING CORPORATION 7 6.23% $8,742
HOMEBRIDGE FINANCIAL SERVICES, INC. 6 5.96% $11,551
ROYAL UNITED MORTGAGE LLC 6 7.19% $8,665
Regions Bank 6 5.75% $7,849
THRIVE MORTGAGE, LLC 6 6.96% $10,563
VILLAGE CAPITAL MORTGAGE 6 5.96% $13,325
PENTAGON FEDERAL CREDIT UNION 5 5.40% $6,831
Flanagan State Bank 5 7.05% $9,300
Mortgage Investment Services Corporation 5 6.58% $7,167
FIRST INTEGRITY MORTGAGE SERVICES, INC. 5 7.00% $7,331
Armed Forces Bank 5 6.45% $7,567
NFM, INC. 5 7.10% $7,745
AMERICAN FINANCIAL RESOURCES, INC. 5 7.13% $8,966
M&T Bank 5 6.80% $8,007
HOMESIDE FINANCIAL, LLC 5 6.50% $9,314
Fidelity Bank 5 6.90% $8,140
RESIDENTIAL BANCORP 5 6.53% $15,165
T2 FINANCIAL LLC 5 7.15% $13,951
ENVOY MORTGAGE, LTD 4 6.47% $7,801
Gateway First Bank 4 6.63% $7,210
First Savings Bank 4 6.31% $10,833
NATIONS RELIABLE LENDING, LLC 4 7.56% $10,412
BNC National Bank 4 5.97% $8,683
Barrington Bank & Trust Company, N.A. 4 6.25% $7,293
Wells Fargo Bank 4 6.75% $7,439
Enterprise Bank & Trust 3 6.38% $7,364
Old National Bank 3 5.63% $7,845
DRAPER AND KRAMER MORTGAGE CORP. 3 6.83% $10,231
BMO Harris Bank 3 6.79% $6,861
Northpointe Bank 3 6.63% $12,657
VERITAS FUNDING, LLC 3 6.91% $14,569
OCMBC, INC. 3 7.63% $8,774
Nations Lending Corporation 3 6.50% $11,455
Truist 3 6.08% $4,657
Landmark National Bank 3 6.75% $6,223
FirstTrust Home Loans, Inc. 3 6.54% $7,647
CHURCHILL MORTGAGE CORPORATION 3 6.54% $10,737
LIBERTY HOME MORTGAGE CORPORATION 3 6.71% $16,278
Equity Bank 3 6.66% $7,779
GSF Mortgage Corporation 2 5.88% $5,662
Central National Bank 2 7.06% $6,068
CMG MORTGAGE, INC. 2 6.13% $12,271
Members Mortgage Services, L.L.C. 2 7.06% $5,904
AXIA FINANCIAL, LLC 2 6.06% $10,736
AmeriHome Mortgage Company, LLC 2 6.19% $10,799
Financial Funding Solutions, Inc. 2 6.87% $3,482
TOWNE MORTGAGE COMPANY 2 7.25% $9,611
Ixonia Bank 2 6.88% $7,451
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 6.62% $12,858
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 2 6.44% $8,688
US MORTGAGE CORPORATION 2 5.94% $14,668
Oakstar Bank 2 5.69% $6,581
Great Southern Bank 2 6.38% $11,826
Magnolia Bank 1 5.63% $12,185
PREMIA MORTGAGE, LLC 1 6.25% $5,985
Citizens Bank 1 7.50% $8,184
Willamette Valley Bank 1 6.25% $13,668
PINNACLE LENDING GROUP, INC. 1 6.13% $20,073
CANOPY MORTGAGE, LLC 1 6.13% $5,983
First-Citizens Bank & Trust Company 1 6.50% $6,128
First International Bank & Trust 1 6.00% $10,738
CENTRAL MISSOURI COMMUNITY CREDIT UNION 1 6.75% $4,274
MYCUMORTGAGE, LLC 1 7.13% $11,032
HOMEXPRESS MORTGAGE CORP. 1 6.75% $20,989
BECKAM FUNDING CORP. 1 7.25% $21,133
BancorpSouth 1 7.13% $4,381
Meridian Bank Corporation 1 7.00% $11,648
HOMESITE MORTGAGE, LLC 1 6.63% $8,262
CORNERSTONE HOME LENDING, INC. 1 5.75% $5,348
AMCAP MORTGAGE, LTD. 1 7.13% $13,474
SECURITYNATIONAL MORTGAGE COMPANY 1 7.50% $14,639
Servion, Inc. 1 5.50% $9,854
BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 7.25% $10,123
Springfield First Community Bank 1 6.25% $17,669
Stride Bank 1 6.75% $11,821
ASSEMBLIES OF GOD Credit Union 1 6.25% $5,284

The top Kansas City FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 577 FHA loans originated. Their average total fees are $10,105, which is $1,673 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Kansas City FHA lenders (with over 10 loans originated) are MID AMERICA MORTGAGE, INC. ($3,819), Bank of America ($4,962), Mortgage Research Center, LLC ($5,412), Commerce Bank ($5,683) and Midwest Mortgage Associates Corporation ($6,282).

The lowest rate Kansas City FHA lenders (with over 10 loans originated) are PLANET HOME LENDING, LLC (5.70%), Bank of America (5.79%), AMERISAVE MORTGAGE CORPORATION (6.02%), Mr. Cooper ( Nationstar Mortgage ) (6.07%) and VANDERBILT MORTGAGE AND FINANCE, INC. (6.13%).

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 $280,741 (16.0%) $340,959 (9.9%) 1.04 5,234
2018-02-01 $296,121 (18.5%) $356,357 (13.8%) 1.08 4,859
2018-03-01 $304,000 (13.8%) $365,019 (10.9%) 1.07 5,072
2018-04-01 $306,410 (9.4%) $372,215 (8.1%) 1.04 5,299
2018-05-01 $302,500 (10.0%) $371,798 (7.6%) 1.01 5,769
2018-06-01 $298,890 (8.7%) $366,169 (6.0%) 1.00 6,211
2018-07-01 $293,343 (6.7%) $363,302 (6.4%) 0.98 6,591
2018-08-01 $290,000 (7.4%) $361,001 (6.0%) 0.97 6,877
2018-09-01 $292,500 (8.5%) $361,044 (7.0%) 0.98 7,104
2018-10-01 $289,950 (8.6%) $354,786 (5.9%) 0.98 7,292
2018-11-01 $289,900 (7.4%) $355,253 (6.4%) 0.98 7,168
2018-12-01 $292,975 (10.6%) $356,019 (7.7%) 1.01 6,543
2019-01-01 $299,700 (6.8%) $359,443 (5.4%) 1.04 6,095
2019-02-01 $312,450 (5.5%) $371,754 (4.3%) 1.06 5,790
2019-03-01 $319,913 (5.2%) $380,222 (4.2%) 1.05 5,786
2019-04-01 $322,465 (5.2%) $386,505 (3.8%) 1.02 5,889
2019-05-01 $325,000 (7.4%) $391,825 (5.4%) 1.02 6,180
2019-06-01 $324,900 (8.7%) $390,092 (6.5%) 1.02 6,346
2019-07-01 $309,950 (5.7%) $380,573 (4.8%) 0.97 6,627
2019-08-01 $307,727 (6.1%) $379,418 (5.1%) 0.97 6,714
2019-09-01 $311,818 (6.6%) $382,769 (6.0%) 1.00 6,794
2019-10-01 $311,995 (7.6%) $383,203 (8.0%) 1.01 6,870
2019-11-01 $309,950 (6.9%) $379,840 (6.9%) 1.02 6,552
2019-12-01 $313,700 (7.1%) $383,645 (7.8%) 1.05 5,695
2020-01-01 $323,975 (8.1%) $391,403 (8.9%) 1.08 5,054
2020-02-01 $338,000 (8.2%) $408,185 (9.8%) 1.11 4,713
2020-03-01 $349,994 (9.4%) $428,050 (12.6%) 1.10 4,513
2020-04-01 $351,920 (9.1%) $428,451 (10.9%) 1.10 4,518
2020-05-01 $369,000 (13.5%) $451,884 (15.3%) 1.12 4,335
2020-06-01 $375,000 (15.4%) $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 (17.6%) $465,548 (22.7%) 1.04 3,556
2020-09-01 $353,775 (13.5%) $1,013,156 (164.7%) 1.01 3,519
2020-10-01 $350,000 (12.2%) $449,618 (17.3%) 1.00 3,602
2020-11-01 $339,250 (9.5%) $432,417 (13.8%) 0.99 3,481
2020-12-01 $324,475 (3.4%) $412,565 (7.5%) 0.97 3,102
2021-01-01 $333,425 (2.9%) $423,007 (8.1%) 1.00 2,610
2021-02-01 $347,450 (2.8%) $451,670 (10.7%) 1.01 2,058
2021-03-01 $347,450 (-0.7%) $454,946 (6.3%) 0.99 1,958
2021-04-01 $339,975 (-3.4%) $448,254 (4.6%) 0.92 2,065
2021-05-01 $340,000 (-7.9%) $442,338 (-2.1%) 0.90 2,206
2021-06-01 $327,500 (-12.7%) $424,982 (-10.3%) 0.86 2,557
2021-07-01 $325,000 (-12.7%) $419,894 (-10.3%) 0.86 3,116
2021-08-01 $317,475 (-12.3%) $409,707 (-12.0%) 0.85 3,283
2021-09-01 $322,450 (-8.9%) $404,851 (-60.0%) 0.86 3,437
2021-10-01 $321,000 (-8.3%) $406,753 (-9.5%) 0.86 3,370
2021-11-01 $329,950 (-2.7%) $408,789 (-5.5%) 0.88 3,146
2021-12-01 $342,900 (5.7%) $413,758 (0.3%) 0.93 2,728
2022-01-01 $365,000 (9.5%) $431,407 (2.0%) 0.99 2,219
2022-02-01 $387,474 (11.5%) $451,196 (-0.1%) 1.01 2,046
2022-03-01 $386,325 (11.2%) $442,664 (-2.7%) 0.97 2,097
2022-04-01 $380,000 (11.8%) $450,662 (0.5%) 0.91 2,266
2022-05-01 $399,900 (17.6%) $463,715 (4.8%) 0.91 2,708
2022-06-01 $399,000 (21.8%) $465,257 (9.5%) 0.89 3,246
2022-07-01 $394,900 (21.5%) $459,114 (9.3%) 0.89 4,018
2022-08-01 $387,397 (22.0%) $454,258 (10.9%) 0.90 4,194
2022-09-01 $387,750 (20.3%) $454,535 (12.3%) 0.91 4,357
2022-10-01 $389,000 (21.2%) $457,654 (12.5%) 0.92 4,725
2022-11-01 $399,900 (21.2%) $470,888 (15.2%) 0.96 4,732
2022-12-01 $410,000 (19.6%) $473,303 (14.4%) 1.01 4,380
2023-01-01 $432,425 (18.5%) $484,347 (12.3%) 1.07 4,051
2023-02-01 $442,362 (14.2%) $495,612 (9.8%) 1.07 3,735
2023-03-01 $454,950 (17.8%) $508,604 (14.9%) 1.07 3,521
2023-04-01 $460,206 (21.1%) $526,223 (16.8%) 1.07 3,402
2023-05-01 $462,500 (15.7%) $531,840 (14.7%) 1.05 3,461
2023-06-01 $452,612 (13.4%) $526,452 (13.2%) 1.02 3,613
2023-07-01 $444,050 (12.5%) $519,700 (13.2%) 1.01 3,847
2023-08-01 $434,950 (12.3%) $515,429 (13.5%) 1.00 4,020
2023-09-01 $425,000 (9.6%) $509,690 (12.1%) 0.99 4,238
2023-10-01 $412,475 (6.0%) $498,612 (9.0%) 0.97 4,599
2023-11-01 $399,925 (0.0%) $488,758 (3.8%) 0.95 4,720
2023-12-01 $399,900 (-2.5%) $482,845 (2.0%) 0.98 4,380
2024-01-01 $417,837 (-3.4%) $496,923 (2.6%) 1.02 3,991
2024-02-01 $420,725 (-4.9%) $502,516 (1.4%) 1.01 3,797
2024-03-01 $425,000 (-6.6%) $511,393 (0.6%) 1.00 3,806
2024-04-01 $422,000 (-8.3%) $518,533 (-1.5%) 0.98 3,989
Kansas City's median listing price for 2024-04-01 was $422,000, a difference of $-38,206 (-8.3%) versus the prior year and $-3,000 versus the prior month.

Kansas City's median listing price comes in at 98% of the national average.

Kansas City's average listing price for 2024-04-01 was $518,533, a difference of $-7,690 (-1.5%) versus the prior year and $7,140 versus the prior month.

For the 2024-04-01 period, Kansas City had 3,989 MLS listings, a difference of 183 listings (5%) versus the prior month and 587 listings (17%) 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 80 days 2,134 sqft
2018-02-01 79 days 2,210 sqft
2018-03-01 51 days 2,249 sqft
2018-04-01 45 days 2,273 sqft
2018-05-01 43 days 2,275 sqft
2018-06-01 45 days 2,240 sqft
2018-07-01 48 days 2,220 sqft
2018-08-01 50 days 2,217 sqft
2018-09-01 54 days 2,276 sqft
2018-10-01 57 days 2,269 sqft
2018-11-01 58 days 2,228 sqft
2018-12-01 72 days 2,203 sqft
2019-01-01 80 days 2,213 sqft
2019-02-01 82 days 2,262 sqft
2019-03-01 64 days 2,303 sqft
2019-04-01 43 days 2,338 sqft
2019-05-01 38 days 2,354 sqft
2019-06-01 44 days 2,359 sqft
2019-07-01 45 days 2,295 sqft
2019-08-01 47 days 2,284 sqft
2019-09-01 50 days 2,289 sqft
2019-10-01 53 days 2,287 sqft
2019-11-01 58 days 2,269 sqft
2019-12-01 72 days 2,249 sqft
2020-01-01 81 days 2,276 sqft
2020-02-01 83 days 2,323 sqft
2020-03-01 53 days 2,400 sqft
2020-04-01 54 days 2,400 sqft
2020-05-01 58 days 2,454 sqft
2020-06-01 48 days 2,491 sqft
2020-07-01 43 days 2,449 sqft
2020-08-01 42 days 2,379 sqft
2020-09-01 38 days 2,345 sqft
2020-10-01 37 days 2,321 sqft
2020-11-01 44 days 2,208 sqft
2020-12-01 54 days 2,140 sqft
2021-01-01 64 days 2,104 sqft
2021-02-01 59 days 2,155 sqft
2021-03-01 43 days 2,160 sqft
2021-04-01 37 days 2,129 sqft
2021-05-01 37 days 2,100 sqft
2021-06-01 38 days 2,082 sqft
2021-07-01 37 days 2,069 sqft
2021-08-01 40 days 2,024 sqft
2021-09-01 44 days 2,017 sqft
2021-10-01 47 days 2,001 sqft
2021-11-01 50 days 2,008 sqft
2021-12-01 57 days 2,030 sqft
2022-01-01 68 days 2,056 sqft
2022-02-01 56 days 2,099 sqft
2022-03-01 43 days 2,071 sqft
2022-04-01 38 days 2,085 sqft
2022-05-01 37 days 2,165 sqft
2022-06-01 38 days 2,170 sqft
2022-07-01 40 days 2,168 sqft
2022-08-01 46 days 2,130 sqft
2022-09-01 51 days 2,145 sqft
2022-10-01 51 days 2,150 sqft
2022-11-01 58 days 2,190 sqft
2022-12-01 71 days 2,200 sqft
2023-01-01 81 days 2,212 sqft
2023-02-01 81 days 2,236 sqft
2023-03-01 71 days 2,299 sqft
2023-04-01 62 days 2,328 sqft
2023-05-01 52 days 2,372 sqft
2023-06-01 50 days 2,352 sqft
2023-07-01 50 days 2,332 sqft
2023-08-01 50 days 2,287 sqft
2023-09-01 50 days 2,265 sqft
2023-10-01 50 days 2,219 sqft
2023-11-01 52 days 2,167 sqft
2023-12-01 64 days 2,158 sqft
2024-01-01 76 days 2,167 sqft
2024-02-01 73 days 2,177 sqft
2024-03-01 51 days 2,190 sqft
2024-04-01 47 days 2,209 sqft
Kansas City's median listing age (time on market) for 2024-04-01 was 47 days. This is -24% shorter than the same period one year ago.

Kansas City's median square footage for active listings during the 2024-04-01 period was 2,209 sqft. One year prior, the average listing was 2,328 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).