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 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 6.11% for the week of 2023-05-26, compared to the national average (all USDA variants) of 6.63% for the same period.

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

    The average rate for the prior week (2023-05-19) was 6.25% and one month ago for the week of 2023-04-21, the average rate was 5.96%.

    The average rate one year ago was 4.88%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.2%.

    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 $280,532 (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.