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 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 6.33% for the week of 2022-12-02, compared to the national average (all USDA variants) of 6.437% for the same period.

Kansas City's average USDA mortgage closing costs are $4,139.

The average rate for the prior week (2022-11-25) was 6.47% and one month ago for the week of 2022-10-28, the average rate was 6.74%.

The average rate one year ago was 3.13%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.46%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 $280,532 (15.9%) $340,943 (9.9%) 1.04 5,233
2018-02-01 $296,043 (18.4%) $356,342 (13.8%) 1.07 4,858
2018-03-01 $303,750 (13.7%) $364,970 (10.9%) 1.07 5,071
2018-04-01 $306,345 (9.4%) $372,213 (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%) 1.03 6,095
2019-02-01 $312,450 (5.5%) $371,630 (4.3%) 1.06 5,790
2019-03-01 $319,921 (5.3%) $380,155 (4.2%) 1.05 5,787
2019-04-01 $322,475 (5.3%) $386,388 (3.8%) 1.02 5,890
2019-05-01 $325,000 (7.4%) $391,595 (5.4%) 1.02 6,185
2019-06-01 $324,000 (8.5%) $389,757 (6.5%) 1.01 6,352
2019-07-01 $309,950 (5.7%) $380,196 (4.7%) 0.97 6,634
2019-08-01 $307,714 (6.1%) $379,102 (5.0%) 0.97 6,721
2019-09-01 $311,784 (6.7%) $382,490 (6.0%) 1.00 6,803
2019-10-01 $311,923 (7.6%) $382,953 (8.0%) 1.01 6,879
2019-11-01 $309,900 (6.9%) $379,584 (6.9%) 1.02 6,560
2019-12-01 $311,948 (6.5%) $383,386 (7.7%) 1.04 5,705
2020-01-01 $323,594 (8.0%) $391,182 (8.9%) 1.08 5,063
2020-02-01 $337,500 (8.0%) $407,863 (9.8%) 1.10 4,723
2020-03-01 $349,975 (9.4%) $427,701 (12.5%) 1.10 4,523
2020-04-01 $350,919 (8.8%) $428,021 (10.8%) 1.10 4,528
2020-05-01 $368,900 (13.5%) $451,341 (15.3%) 1.12 4,347
2020-06-01 $375,000 (15.7%) $473,167 (21.4%) 1.10 3,995
2020-07-01 $372,000 (20.0%) $467,231 (22.9%) 1.08 3,727
2020-08-01 $360,475 (17.2%) $464,829 (22.6%) 1.03 3,567
2020-09-01 $352,088 (12.9%) $1,010,551 (164.2%) 1.01 3,531
2020-10-01 $349,950 (12.2%) $448,812 (17.2%) 1.00 3,615
2020-11-01 $338,000 (9.1%) $431,767 (13.8%) 0.99 3,493
2020-12-01 $322,849 (3.5%) $412,008 (7.5%) 0.96 3,114
2021-01-01 $331,900 (2.6%) $422,339 (8.0%) 0.99 2,621
2021-02-01 $347,375 (2.9%) $450,688 (10.5%) 1.01 2,069
2021-03-01 $347,425 (-0.7%) $453,925 (6.1%) 0.99 1,969
2021-04-01 $339,950 (-3.1%) $447,311 (4.5%) 0.92 2,075
2021-05-01 $339,950 (-7.9%) $441,362 (-2.2%) 0.90 2,215
2021-06-01 $327,500 (-12.7%) $424,092 (-10.4%) 0.86 2,566
2021-07-01 $325,000 (-12.6%) $419,389 (-10.2%) 0.86 3,118
2021-08-01 $317,450 (-11.9%) $409,200 (-12.0%) 0.85 3,287
2021-09-01 $320,500 (-9.0%) $404,392 (-60.0%) 0.85 3,444
2021-10-01 $320,000 (-8.6%) $406,196 (-9.5%) 0.85 3,379
2021-11-01 $329,925 (-2.4%) $408,121 (-5.5%) 0.88 3,153
2021-12-01 $342,500 (6.1%) $413,034 (0.3%) 0.93 2,736
2022-01-01 $365,000 (10.0%) $430,512 (1.9%) 0.99 2,229
2022-02-01 $385,925 (11.1%) $450,168 (-0.1%) 1.00 2,057
2022-03-01 $382,750 (10.2%) $441,708 (-2.7%) 0.96 2,108
2022-04-01 $379,925 (11.8%) $449,756 (0.6%) 0.91 2,277
2022-05-01 $399,250 (17.4%) $462,961 (4.9%) 0.91 2,717
2022-06-01 $399,000 (21.8%) $464,596 (9.6%) 0.89 3,257
2022-07-01 $391,500 (20.5%) $458,560 (9.3%) 0.89 4,029
2022-08-01 $386,975 (21.9%) $453,726 (10.9%) 0.89 4,205
2022-09-01 $387,500 (20.9%) $453,980 (12.3%) 0.91 4,368
2022-10-01 $388,475 (21.4%) $457,089 (12.5%) 0.91 4,736
2022-11-01 $399,900 (21.2%) $470,367 (15.3%) 0.96 4,742
Kansas City's median listing price for 2022-11-01 was $399,900, a difference of $69,975 (21.2%) versus the prior year and $11,425 versus the prior month.

Kansas City's median listing price comes in at 96% of the national average.

Kansas City's average listing price for 2022-11-01 was $470,367, a difference of $62,246 (15.3%) versus the prior year and $13,278 versus the prior month.

For the 2022-11-01 period, Kansas City had 4,742 MLS listings, a difference of 6 listings (0%) versus the prior month and 1,589 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 2,142 sqft
2018-02-01 86 days 2,204 sqft
2018-03-01 57 days 2,270 sqft
2018-04-01 50 days 2,318 sqft
2018-05-01 46 days 2,326 sqft
2018-06-01 47 days 2,303 sqft
2018-07-01 51 days 2,300 sqft
2018-08-01 53 days 2,281 sqft
2018-09-01 57 days 2,300 sqft
2018-10-01 60 days 2,285 sqft
2018-11-01 63 days 2,241 sqft
2018-12-01 78 days 2,208 sqft
2019-01-01 87 days 2,221 sqft
2019-02-01 92 days 2,268 sqft
2019-03-01 74 days 2,313 sqft
2019-04-01 49 days 2,349 sqft
2019-05-01 43 days 2,361 sqft
2019-06-01 50 days 2,364 sqft
2019-07-01 50 days 2,295 sqft
2019-08-01 52 days 2,281 sqft
2019-09-01 55 days 2,286 sqft
2019-10-01 58 days 2,285 sqft
2019-11-01 64 days 2,268 sqft
2019-12-01 79 days 2,244 sqft
2020-01-01 88 days 2,273 sqft
2020-02-01 92 days 2,322 sqft
2020-03-01 62 days 2,400 sqft
2020-04-01 61 days 2,400 sqft
2020-05-01 65 days 2,452 sqft
2020-06-01 55 days 2,488 sqft
2020-07-01 49 days 2,447 sqft
2020-08-01 45 days 2,374 sqft
2020-09-01 43 days 2,340 sqft
2020-10-01 42 days 2,319 sqft
2020-11-01 47 days 2,206 sqft
2020-12-01 57 days 2,140 sqft
2021-01-01 67 days 2,100 sqft
2021-02-01 64 days 2,152 sqft
2021-03-01 46 days 2,160 sqft
2021-04-01 38 days 2,129 sqft
2021-05-01 39 days 2,102 sqft
2021-06-01 39 days 2,084 sqft
2021-07-01 38 days 2,072 sqft
2021-08-01 41 days 2,028 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 2,031 sqft
2022-01-01 71 days 2,056 sqft
2022-02-01 61 days 2,097 sqft
2022-03-01 46 days 2,070 sqft
2022-04-01 39 days 2,089 sqft
2022-05-01 40 days 2,165 sqft
2022-06-01 40 days 2,169 sqft
2022-07-01 43 days 2,168 sqft
2022-08-01 49 days 2,129 sqft
2022-09-01 53 days 2,145 sqft
2022-10-01 55 days 2,150 sqft
2022-11-01 63 days 2,189 sqft
Kansas City's median listing age (time on market) for 2022-11-01 was 63 days. This is 21% longer than the same period one year ago.

Kansas City's median square footage for active listings during the 2022-11-01 period was 2,189 sqft. One year prior, the average listing was 2,008 sqft.