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%.
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.
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. LouisDate | 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 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. LouisDate | 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 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.