Kansas City USDA Loans

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 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.