Kansas City USDA Loan Rates, Closing Costs & Stats

KANSAS CITY, MO-KS

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Kansas City's 93 lenders originated 617 USDA loans during 2021. The total origination value was $111,515,000, with an average USDA loan value of $180,737.

    Kansas City USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Kansas City averaged 6.33% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

    Kansas City's average USDA mortgage closing costs are $4,139.

    The average rate for the prior week (2022-11-25) was 6.47% and one month ago for the week of 2022-10-28, the average rate was 6.74%.

    The average rate one year ago was 3.13%.

    For refis of the same type during the week of 2022-12-02, the average rate was 6.46%.

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

    Kansas City USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 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
    FLAT BRANCH MORTGAGE, INC. 75 3.25% $4,065
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 53 3.25% $3,961
    HOMEBRIDGE FINANCIAL SERVICES, INC. 31 3.02% $4,848
    PRIMELENDING, A PLAINSCAPITAL COMPANY 28 3.33% $4,725
    INLANTA MORTGAGE, INC. 27 3.06% $4,358
    UNION HOME MORTGAGE CORP. 24 2.89% $4,887
    Flagstar Bank, FSB 24 2.90% $4,147
    LEADERONE FINANCIAL CORPORATION 17 2.92% $4,412
    GUILD MORTGAGE COMPANY 15 2.97% $4,646
    First State Bank of St. Charles, Missouri 14 2.82% $4,970
    GENEVA FINANCIAL, LLC 13 3.00% $4,722
    COMMUNITY MORTGAGE, LLC 13 2.67% $3,940
    HOME POINT FINANCIAL CORPORATION 11 2.93% $4,034
    NBH Bank 10 2.82% $2,856
    PREMIER MORTGAGE RESOURCES, L.L.C. 10 3.10% $5,231
    MOVEMENT MORTGAGE, LLC 9 3.21% $2,145
    Plains Commerce Bank 9 2.83% $4,510
    CROSSCOUNTRY MORTGAGE, LLC 8 3.22% $4,618
    DAS Acquisition Company, LLC 8 3.02% $4,200
    American Mortgage & Equity Consultants, Inc. 8 3.34% $3,898
    S1L, Inc. 7 3.05% $4,685
    GUARANTEED RATE, INC. 6 3.04% $3,925
    Prosperity Home Mortgage, LLC 6 2.81% $4,436
    MEGASTAR FINANCIAL CORP. 6 2.71% $4,759
    PLAZA HOME MORTGAGE, INC. 6 2.71% $4,012
    COMMUNITYAMERICA 6 2.96% $4,458
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 2.75% $4,891
    ACADEMY MORTGAGE CORPORATION 5 3.18% $3,989
    BAY EQUITY LLC 5 2.92% $5,143
    CALIBER HOME LOANS, INC. 5 3.06% $4,205
    CELEBRITY HOME LOANS, LLC 5 2.83% $4,439
    MID AMERICA MORTGAGE, INC. 5 2.48% $2,650
    PRIMARY RESIDENTIAL MORTGAGE, INC. 5 3.20% $6,290
    U.S. Bank 5 3.05% $3,941
    BROKER SOLUTIONS, INC. 4 3.25% $3,927
    Carrington Mortgage Services, LLC 4 4.44% $5,726
    BNC National Bank 4 2.34% $4,200
    PENNYMAC LOAN SERVICES, LLC 4 3.03% $4,507
    Neighborhood Loans, Inc. 4 2.75% $4,587
    SUMMIT FUNDING, INC. 4 3.34% $5,788
    Paramount Residential Mortgage Group, Inc. 4 2.91% $5,947
    Arvest Bank 4 2.91% $4,919
    The Central Trust Bank 3 2.83% $4,378
    LOANDEPOT.COM, LLC 3 2.83% $5,330
    Wells Fargo Bank 3 2.54% $2,987
    OPEN MORTGAGE, LLC 3 2.75% $4,985
    Great Southern Bank 3 2.54% $5,490
    Commerce Bank 2 3.56% $3,374
    First Guaranty Mortgage Corporation 2 3.00% $8,527
    AMERICAN FINANCIAL RESOURCES, INC. 2 3.75% $3,823
    Community Mortgage Banc Corporation 2 2.69% $3,463
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.19% $4,254
    Bell Bank 2 2.63% $4,703
    First Bank 2 2.25% $5,127
    Bank of England 2 2.81% $4,751
    Austin Capital Bank SSB 2 3.06% $6,349
    ENDEAVOR CAPITAL, LLC. 2 3.38% $4,521
    AMERICAN FINANCIAL NETWORK, INC. 2 3.38% $6,035
    FINANCE OF AMERICA MORTGAGE LLC 2 3.25% $3,892
    Midwest Mortgage Associates Corporation 2 2.38% $5,519
    STEARNS LENDING, LLC 2 3.31% $3,026
    Mortgage Investment Services Corporation 2 3.38% $1,722
    American Bank of Missouri 1 2.75% $3,459
    FIRST COMMUNITY MORTGAGE, INC. 1 2.75% $4,619
    FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 2.25% $1,672
    Paramount Bank 1 2.50% $0
    Flanagan State Bank 1 3.13% $6,777
    Fidelity Bank 1 2.75% $5,447
    FREEDOM MORTGAGE CORPORATION 1 2.75% $1,775
    Gateway First Bank 1 3.00% $3,179
    EVERETT FINANCIAL, INC. 1 3.13% $3,124
    GERSHMAN INVESTMENT CORP. 1 3.50% $5,018
    Hawthorn Bank 1 2.50% $5,112
    Community First National Bank 1 2.50% $4,398
    HOMESIDE FINANCIAL, LLC 1 2.63% $6,599
    Ixonia Bank 1 3.25% $7,036
    Landmark National Bank 1 2.75% $2,650
    Members Mortgage Services, L.L.C. 1 3.13% $4,917
    UNITED WHOLESALE MORTGAGE, LLC 1 2.89% $4,106
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 3.25% $5,273
    BOKF 1 2.75% $4,509
    MUTUAL OF OMAHA MORTGAGE, INC. 1 2.50% $4,811
    NEWREZ LLC 1 3.25% $3,402
    Northpointe Bank 1 3.13% $6,286
    Oakstar Bank 1 2.38% $4,067
    Origin Bank 1 2.75% $3,576
    First Midwest Bank 1 3.25% $3,847
    PLANET HOME LENDING, LLC 1 2.75% $2,350
    SENTE MORTGAGE, INC. 1 3.50% $5,940
    Sierra Pacific Mortgage Company, Inc. 1 2.88% $4,278
    SUCCESS MORTGAGE PARTNERS, INC. 1 3.50% $6,749
    The Federal Savings Bank 1 2.88% $3,930
    TruHome Solutions, LLC 1 2.63% $6,319

    The top Kansas City USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 75 USDA loans originated. Their average total fees are $4,065, which is $104 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Kansas City USDA lenders (with over 10 loans originated) are NBH Bank ($2,856), COMMUNITY MORTGAGE, LLC ($3,940), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($3,961), HOME POINT FINANCIAL CORPORATION ($4,034) and FLAT BRANCH MORTGAGE, INC. ($4,065).

    The lowest rate Kansas City USDA lenders (with over 10 loans originated) are COMMUNITY MORTGAGE, LLC (2.67%), First State Bank of St. Charles, Missouri (2.82%), NBH Bank (2.82%), UNION HOME MORTGAGE CORP. (2.89%) and Flagstar Bank, FSB (2.90%).

    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.