Kansas City USDA Loans

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 5.49% for the week of 2022-05-13, compared to the national average (all USDA variants) of 5.294% for the same period.

    The average rate for the prior week (2022-05-06) was 5.22% and one month ago for the week of 2022-04-08, the average rate was 5.08%.

    The average rate one year ago was 2.9%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.22%.

    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 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. Total Fees
    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 $278,750 (15.8%) $341,616 (10.4%) 1.03 5,265
    2018-02-01 $293,000 (17.5%) $356,320 (14.1%) 1.06 4,909
    2018-03-01 $300,000 (13.2%) $364,264 (11.1%) 1.04 5,120
    2018-04-01 $304,975 (9.0%) $372,997 (8.8%) 1.02 5,353
    2018-05-01 $300,750 (9.5%) $371,509 (8.0%) 1.00 5,829
    2018-06-01 $297,950 (8.4%) $366,497 (6.4%) 0.99 6,278
    2018-07-01 $294,500 (7.1%) $364,884 (7.0%) 0.98 6,640
    2018-08-01 $290,000 (7.5%) $362,085 (6.1%) 0.97 6,931
    2018-09-01 $290,000 (7.8%) $361,563 (6.8%) 0.97 7,145
    2018-10-01 $289,950 (8.7%) $355,402 (5.8%) 0.97 7,335
    2018-11-01 $289,900 (7.7%) $355,120 (6.2%) 0.97 7,208
    2018-12-01 $291,065 (9.8%) $355,802 (7.5%) 1.00 6,581
    2019-01-01 $299,000 (7.3%) $359,247 (5.2%) 1.03 6,140
    2019-02-01 $311,225 (6.2%) $371,414 (4.2%) 1.04 5,835
    2019-03-01 $316,714 (5.6%) $378,354 (3.9%) 1.03 5,797
    2019-04-01 $322,000 (5.6%) $385,048 (3.2%) 1.01 5,840
    2019-05-01 $324,450 (7.9%) $388,804 (4.7%) 1.00 6,172
    2019-06-01 $320,000 (7.4%) $388,467 (6.0%) 0.98 6,353
    2019-07-01 $309,500 (5.1%) $380,132 (4.2%) 0.96 6,626
    2019-08-01 $300,693 (3.7%) $372,567 (2.9%) 0.95 6,665
    2019-09-01 $295,668 (2.0%) $367,183 (1.6%) 0.94 6,700
    2019-10-01 $311,000 (7.3%) $383,531 (7.9%) 0.99 6,865
    2019-11-01 $310,900 (7.2%) $382,678 (7.8%) 1.00 6,540
    2019-12-01 $314,950 (8.2%) $385,063 (8.2%) 1.05 5,701
    2020-01-01 $324,425 (8.5%) $392,819 (9.4%) 1.08 5,044
    2020-02-01 $339,000 (8.9%) $410,751 (10.6%) 1.09 4,654
    2020-03-01 $350,058 (10.5%) $431,160 (14.0%) 1.09 4,441
    2020-04-01 $353,950 (9.9%) $431,722 (12.1%) 1.10 4,464
    2020-05-01 $370,270 (14.1%) $456,496 (17.4%) 1.12 4,260
    2020-06-01 $379,900 (18.7%) $480,776 (23.8%) 1.11 3,912
    2020-07-01 $377,400 (21.9%) $474,960 (25.0%) 1.08 3,629
    2020-08-01 $365,000 (21.4%) $471,991 (26.7%) 1.04 3,460
    2020-09-01 $359,450 (21.6%) $466,828 (27.1%) 1.03 3,422
    2020-10-01 $350,000 (12.5%) $453,788 (18.3%) 1.00 3,523
    2020-11-01 $340,475 (9.5%) $435,678 (13.9%) 0.97 3,421
    2020-12-01 $325,000 (3.2%) $415,488 (7.9%) 0.95 3,064
    2021-01-01 $334,200 (3.0%) $425,607 (8.4%) 0.98 2,573
    2021-02-01 $349,925 (3.2%) $456,968 (11.3%) 1.01 2,002
    2021-03-01 $349,875 (-0.1%) $460,245 (6.8%) 0.98 1,895
    2021-04-01 $344,500 (-2.7%) $453,598 (5.1%) 0.93 1,988
    2021-05-01 $343,750 (-7.2%) $445,355 (-2.4%) 0.90 2,150
    2021-06-01 $331,975 (-12.6%) $428,075 (-11.0%) 0.86 2,480
    2021-07-01 $330,000 (-12.6%) $425,386 (-10.4%) 0.86 2,918
    2021-08-01 $322,248 (-11.7%) $411,634 (-12.8%) 0.85 3,211
    2021-09-01 $324,925 (-9.6%) $405,683 (-13.1%) 0.86 3,362
    2021-10-01 $325,000 (-7.1%) $409,075 (-9.9%) 0.86 3,309
    2021-11-01 $332,488 (-2.4%) $410,907 (-5.7%) 0.88 3,079
    2021-12-01 $347,450 (6.9%) $416,257 (0.2%) 0.93 2,695
    2022-01-01 $369,000 (10.4%) $434,628 (2.1%) 0.98 2,182
    2022-02-01 $387,500 (10.7%) $453,421 (-0.8%) 0.99 1,991
    2022-03-01 $389,900 (11.4%) $445,296 (-3.3%) 0.96 2,022
    2022-04-01 $389,000 (12.9%) $453,289 (-0.1%) 0.92 2,173
    Kansas City's median listing price for 2022-04-01 was $389,000, a difference of $44,500 (12.9%) versus the prior year and $-900 versus the prior month.

    Kansas City's median listing price comes in at 92% of the national average.

    Kansas City's average listing price for 2022-04-01 was $453,289, a difference of $-309 (-0.1%) versus the prior year and $7,993 versus the prior month.

    For the 2022-04-01 period, Kansas City had 2,173 MLS listings, a difference of 151 listings (7%) versus the prior month and 185 listings (9%) 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 2,211 sqft
    2018-02-01 86 days 2,272 sqft
    2018-03-01 58 days 2,320 sqft
    2018-04-01 50 days 2,374 sqft
    2018-05-01 47 days 2,399 sqft
    2018-06-01 47 days 2,372 sqft
    2018-07-01 51 days 2,395 sqft
    2018-08-01 53 days 2,372 sqft
    2018-09-01 58 days 2,351 sqft
    2018-10-01 61 days 2,300 sqft
    2018-11-01 63 days 2,243 sqft
    2018-12-01 78 days 2,205 sqft
    2019-01-01 86 days 2,206 sqft
    2019-02-01 91 days 2,249 sqft
    2019-03-01 67 days 2,299 sqft
    2019-04-01 50 days 2,348 sqft
    2019-05-01 43 days 2,354 sqft
    2019-06-01 50 days 2,359 sqft
    2019-07-01 51 days 2,289 sqft
    2019-08-01 51 days 2,247 sqft
    2019-09-01 51 days 2,213 sqft
    2019-10-01 57 days 2,288 sqft
    2019-11-01 63 days 2,280 sqft
    2019-12-01 78 days 2,243 sqft
    2020-01-01 90 days 2,274 sqft
    2020-02-01 94 days 2,323 sqft
    2020-03-01 65 days 2,401 sqft
    2020-04-01 63 days 2,403 sqft
    2020-05-01 69 days 2,458 sqft
    2020-06-01 61 days 2,510 sqft
    2020-07-01 52 days 2,469 sqft
    2020-08-01 51 days 2,386 sqft
    2020-09-01 48 days 2,351 sqft
    2020-10-01 44 days 2,321 sqft
    2020-11-01 49 days 2,216 sqft
    2020-12-01 58 days 2,141 sqft
    2021-01-01 70 days 2,105 sqft
    2021-02-01 69 days 2,156 sqft
    2021-03-01 51 days 2,173 sqft
    2021-04-01 41 days 2,139 sqft
    2021-05-01 40 days 2,112 sqft
    2021-06-01 38 days 2,082 sqft
    2021-07-01 38 days 2,074 sqft
    2021-08-01 39 days 2,030 sqft
    2021-09-01 43 days 2,018 sqft
    2021-10-01 46 days 2,000 sqft
    2021-11-01 49 days 2,010 sqft
    2021-12-01 57 days 2,036 sqft
    2022-01-01 69 days 2,061 sqft
    2022-02-01 66 days 2,112 sqft
    2022-03-01 48 days 2,084 sqft
    2022-04-01 39 days 2,092 sqft
    Kansas City's median listing age (time on market) for 2022-04-01 was 39 days. This is -4% shorter than the same period one year ago.

    Kansas City's median square footage for active listings during the 2022-04-01 period was 2,092 sqft. One year prior, the average listing was 2,139 sqft.