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 56 lenders originated 203 USDA loans during 2023. The total origination value was $38,595,000, with an average USDA loan value of $190,123.

    Kansas City USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Kansas City averaged -0.2% for the week of 2024-11-15, compared to the national average (all USDA variants) of 0% for the same period.

    Kansas City's average USDA mortgage closing costs are $4,368.

    The average rate for the prior week (2024-11-08) was 6.36% and one month ago for the week of 2024-10-11, the average rate was 6.12%.

    The average rate one year ago was 7.25%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.16%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FLAT BRANCH MORTGAGE, INC. 24 6.88% $5,255
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 22 6.81% $4,918
    UNITED WHOLESALE MORTGAGE, LLC 12 6.18% $6,459
    PRIMELENDING, A PLAINSCAPITAL COMPANY 8 6.23% $6,448
    Neighborhood Loans, Inc. 7 6.89% $6,408
    COMMUNITY MORTGAGE, LLC 7 6.73% $5,139
    GUILD MORTGAGE COMPANY 6 6.75% $6,034
    UNION HOME MORTGAGE CORP. 6 6.85% $7,154
    GENEVA FINANCIAL, LLC 6 6.46% $8,434
    Paramount Residential Mortgage Group, Inc. 6 6.31% $6,029
    ENDEAVOR CAPITAL, LLC. 5 6.38% $7,965
    LEADERONE FINANCIAL CORPORATION 5 6.48% $6,508
    SUN WEST MORTGAGE COMPANY, INC. 5 6.60% $8,458
    Prosperity Home Mortgage, LLC 4 6.81% $4,950
    SUMMIT FUNDING, INC. 4 6.84% $6,813
    DAS Acquisition Company, LLC 4 6.75% $6,597
    MID AMERICA MORTGAGE, INC. 4 6.50% $2,974
    GUARANTEED RATE, INC. 4 6.63% $4,309
    Flagstar Bank, FSB 4 6.91% $4,048
    CARDINAL FINANCIAL 4 6.38% $6,330
    PLAZA HOME MORTGAGE, INC. 3 6.38% $4,257
    Hawthorn Bank 3 6.54% $4,101
    The Central Trust Bank 3 7.00% $4,034
    CHURCHILL MORTGAGE CORPORATION 2 6.81% $5,599
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.63% $5,498
    Mortgage Research Center, LLC 2 7.38% $2,617
    BAY EQUITY LLC 2 5.94% $11,854
    HALLMARK HOME MORTGAGE, LLC 2 6.75% $5,020
    NBH Bank 2 6.31% $7,342
    U.S. Bank 2 6.63% $4,867
    NEWREZ LLC 2 7.19% $4,507
    OPEN MORTGAGE, LLC 2 6.81% $5,405
    COMMUNITYAMERICA 2 6.38% $4,013
    Midwest Mortgage Associates Corporation 2 6.50% $1,507
    First National Bank of Omaha 2 7.06% $4,750
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.69% $4,871
    TOWNE MORTGAGE COMPANY 1 5.63% $8,160
    UMB Bank 1 5.13% $7,217
    American Mortgage & Equity Consultants, Inc. 1 6.75% $7,008
    United Fidelity Funding Corp. 1 7.13% $9,958
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.75% $6,252
    Gateway First Bank 1 5.75% $4,364
    Great Southern Bank 1 7.13% $4,893
    GERSHMAN INVESTMENT CORP. 1 6.63% $4,928
    FIRST COMMUNITY MORTGAGE, INC. 1 7.63% $4,681
    First Bank 1 6.88% $6,973
    MEGASTAR FINANCIAL CORP. 1 6.63% $6,246
    Financial Funding Solutions, Inc. 1 7.25% $2,145
    Mortgage Investment Services Corporation 1 8.25% $2,261
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 8.63% $7,007
    CROSSCOUNTRY MORTGAGE, LLC 1 5.75% $7,285
    Plains Commerce Bank 1 6.75% $6,853
    Academy Bank 1 6.38% $5,012
    S1L, Inc. 1 7.25% $6,106
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $6,635
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 6.63% $6,055

    The top Kansas City USDA lender as defined by loan originations is FLAT BRANCH MORTGAGE, INC., with 24 USDA loans originated. Their average total fees are $5,255, which is $337 higher than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

    The lowest fee Kansas City USDA lenders (with over 10 loans originated) are FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,918), FLAT BRANCH MORTGAGE, INC. ($5,255), UNITED WHOLESALE MORTGAGE, LLC ($6,459), .

    The lowest rate Kansas City USDA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.18%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.81%), FLAT BRANCH MORTGAGE, INC. (6.88%), .

    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
    2024-05-01 $439,925 (-4.9%) $542,618 (2.0%) 0.99 4,149
    2024-06-01 $429,000 (-5.2%) $531,701 (1.0%) 0.96 4,477
    2024-07-01 $397,000 (-10.6%) $507,743 (-2.3%) 0.91 4,824
    2024-08-01 $398,050 (-8.5%) $504,921 (-2.0%) 0.93 4,931
    2024-09-01 $389,500 (-8.4%) $495,346 (-2.8%) 0.92 5,312
    2024-10-01 $377,000 (-8.6%) $487,919 (-2.1%) 0.89 5,435
    Kansas City's median listing price for 2024-10-01 was $377,000, a difference of $-35,475 (-8.6%) versus the prior year and $-12,500 versus the prior month.

    Kansas City's median listing price comes in at 89% of the national average.

    Kansas City's average listing price for 2024-10-01 was $487,919, a difference of $-10,693 (-2.1%) versus the prior year and $-7,427 versus the prior month.

    For the 2024-10-01 period, Kansas City had 5,435 MLS listings, a difference of 123 listings (2%) versus the prior month and 836 listings (18%) 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
    2024-05-01 44 days 2,250 sqft
    2024-06-01 44 days 2,254 sqft
    2024-07-01 51 days 2,184 sqft
    2024-08-01 52 days 2,147 sqft
    2024-09-01 52 days 2,126 sqft
    2024-10-01 51 days 2,088 sqft
    Kansas City's median listing age (time on market) for 2024-10-01 was 51 days. This is 3% longer than the same period one year ago.

    Kansas City's median square footage for active listings during the 2024-10-01 period was 2,088 sqft. One year prior, the average listing was 2,219 sqft.