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 6.11% 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.