Kansas City USDA Loan Rates, Closing Costs & Stats

KANSAS CITY, MO-KS

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 75 lenders originated 305 USDA loans during 2022. The total origination value was $58,095,000, with an average USDA loan value of $190,475.

Kansas City USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Kansas City averaged 6.41% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

Kansas City's average USDA mortgage closing costs are $4,272.

The average rate for the prior week (2024-02-23) was 6.46% and one month ago for the week of 2024-01-26, the average rate was 6.32%.

The average rate one year ago was 6.18%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.3%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
FLAT BRANCH MORTGAGE, INC. 37 5.01% $4,823
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 32 5.14% $5,215
HOME POINT FINANCIAL CORPORATION 15 4.23% $6,144
PRIMELENDING, A PLAINSCAPITAL COMPANY 13 4.91% $6,122
Flagstar Bank, FSB 11 4.23% $4,357
UNION HOME MORTGAGE CORP. 9 5.24% $5,695
UNITED WHOLESALE MORTGAGE, LLC 9 4.95% $6,086
Neighborhood Loans, Inc. 8 5.86% $6,138
GENEVA FINANCIAL, LLC 8 4.84% $6,036
DAS Acquisition Company, LLC 7 5.32% $6,444
GUILD MORTGAGE COMPANY 7 5.39% $5,267
INLANTA MORTGAGE, INC. 7 5.14% $5,437
LEADERONE FINANCIAL CORPORATION 7 5.21% $5,526
S1L, Inc. 6 4.92% $5,007
MOVEMENT MORTGAGE, LLC 6 4.73% $5,677
COMMUNITY MORTGAGE, LLC 6 5.16% $5,154
SUMMIT FUNDING, INC. 5 5.58% $7,905
PREMIER MORTGAGE RESOURCES, L.L.C. 5 5.70% $5,652
Mortgage Investment Services Corporation 5 5.30% $2,448
First State Bank of St. Charles, Missouri 5 3.80% $5,035
The Central Trust Bank 5 5.57% $4,342
HOMEBRIDGE FINANCIAL SERVICES, INC. 4 4.44% $5,869
Gateway First Bank 4 4.94% $5,101
CALIBER HOME LOANS, INC. 4 5.13% $5,162
BAY EQUITY LLC 4 4.78% $8,099
CARDINAL FINANCIAL 4 4.47% $4,077
FINANCE OF AMERICA MORTGAGE LLC 3 4.67% $4,819
CHURCHILL MORTGAGE CORPORATION 3 5.41% $4,704
GERSHMAN INVESTMENT CORP. 3 5.25% $4,977
PENNYMAC LOAN SERVICES, LLC 3 2.75% $8,793
OPEN MORTGAGE, LLC 3 4.38% $5,611
ACADEMY MORTGAGE CORPORATION 3 5.21% $4,690
GUARANTEED RATE, INC. 2 4.86% $6,774
MEGASTAR FINANCIAL CORP. 2 4.88% $6,982
MID AMERICA MORTGAGE, INC. 2 4.63% $2,211
BAYSHORE MORTGAGE FUNDING, LLC 2 5.81% $11,537
AMERISAVE MORTGAGE CORPORATION 2 5.19% $5,862
PLANET HOME LENDING, LLC 2 4.19% $8,668
PLAZA HOME MORTGAGE, INC. 2 3.06% $3,547
Academy Bank 2 5.94% $4,560
Waterstone Mortgage Corporation 1 3.75% $4,585
AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $3,654
American Mortgage & Equity Consultants, Inc. 1 5.13% $4,810
AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.75% $5,350
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.50% $7,926
Arvest Bank 1 5.00% $5,383
Bank of England 1 5.63% $4,843
Bell Bank 1 3.50% $6,451
BROKER SOLUTIONS, INC. 1 3.75% $4,335
CANOPY MORTGAGE, LLC 1 4.63% $6,652
CMG MORTGAGE, INC. 1 6.25% $6,846
COMMUNITYAMERICA 1 4.50% $4,397
Community Mortgage Banc Corporation 1 5.00% $3,314
CROSSCOUNTRY MORTGAGE, LLC 1 5.13% $5,759
DELMAR FINANCIAL COMPANY 1 3.75% $5,676
ENDEAVOR CAPITAL, LLC. 1 5.63% $5,435
Equity Prime Mortgage LLC 1 6.00% $6,905
EVERETT FINANCIAL, INC. 1 7.13% $3,341
Fidelity Bank 1 6.75% $5,298
FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 4.13% $3,419
First National Bank of Omaha 1 5.63% $5,187
Great Southern Bank 1 5.75% $5,089
Landmark National Bank 1 3.25% $3,701
LIBERTY HOME MORTGAGE CORPORATION 1 7.00% $1,835
NBH Bank 1 4.13% $2,841
NORTHERN MORTGAGE SERVICES, LLC 1 4.13% $2,107
Oakstar Bank 1 2.75% $3,721
Paramount Residential Mortgage Group, Inc. 1 6.25% $4,546
Plains Commerce Bank 1 5.13% $5,339
Prosperity Home Mortgage, LLC 1 4.99% $5,557
Servion, Inc. 1 3.00% $3,551
Sierra Pacific Mortgage Company, Inc. 1 5.38% $5,940
SUCCESS MORTGAGE PARTNERS, INC. 1 3.88% $9,155
United Fidelity Funding Corp. 1 5.50% $7,099
U.S. Bank 1 4.38% $3,692

The top Kansas City USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 37 USDA loans originated. Their average total fees are $4,823, which is $392 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Kansas City USDA lenders (with over 10 loans originated) are Flagstar Bank, FSB ($4,357), FLAT BRANCH MORTGAGE, INC. ($4,823), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($5,215), PRIMELENDING, A PLAINSCAPITAL COMPANY ($6,122) and HOME POINT FINANCIAL CORPORATION ($6,144).

The lowest rate Kansas City USDA lenders (with over 10 loans originated) are HOME POINT FINANCIAL CORPORATION (4.23%), Flagstar Bank, FSB (4.23%), PRIMELENDING, A PLAINSCAPITAL COMPANY (4.91%), FLAT BRANCH MORTGAGE, INC. (5.01%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (5.14%).


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
Kansas City's median listing price for 2024-01-01 was $417,837, a difference of $-14,588 (-3.4%) versus the prior year and $17,937 versus the prior month.

Kansas City's median listing price comes in at 102% of the national average.

Kansas City's average listing price for 2024-01-01 was $496,923, a difference of $12,576 (2.6%) versus the prior year and $14,078 versus the prior month.

For the 2024-01-01 period, Kansas City had 3,991 MLS listings, a difference of -389 listings (-9%) versus the prior month and -60 listings (-1%) 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 2,268 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
Kansas City's median listing age (time on market) for 2024-01-01 was 76 days. This is -7% shorter than the same period one year ago.

Kansas City's median square footage for active listings during the 2024-01-01 period was 2,167 sqft. One year prior, the average listing was 2,212 sqft.