Kansas City VA Loan Rates, Closing Costs & Stats

KANSAS CITY, MO-KS

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

For additional benefits of VA loans, click here.

Kansas City's 148 lenders originated 2,606 VA loans during 2023. The total origination value was $840,330,000, with an average VA loan value of $322,460.

Kansas City VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Kansas City averaged 6.73% for the week of 2024-05-10, compared to the national average (all VA variants) of 6.593% for the same period.

Kansas City's average VA mortgage closing costs are $5,401.

The average rate for the prior week (2024-05-03) was 6.76% and one month ago for the week of 2024-04-05, the average rate was 6.55%.

The average rate one year ago was 6.32%.

For refis of the same type during the week of 2024-05-10, the average rate was 6.88%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Kansas City VA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for VA 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
Mortgage Research Center, LLC 451 6.80% $6,142
QUICKEN LOANS, LLC 123 6.26% $10,184
NAVY FEDERAL CREDIT UNION 113 5.85% $5,824
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 111 6.69% $6,940
UNITED WHOLESALE MORTGAGE, LLC 103 6.40% $7,652
FLAT BRANCH MORTGAGE, INC. 81 6.62% $7,985
USAA Federal Savings Bank 75 6.38% $7,892
Prosperity Home Mortgage, LLC 69 6.42% $6,855
PENNYMAC LOAN SERVICES, LLC 68 5.68% $7,727
FREEDOM MORTGAGE CORPORATION 65 6.56% $15,562
LEADERONE FINANCIAL CORPORATION 51 6.67% $9,345
PRIMELENDING, A PLAINSCAPITAL COMPANY 48 6.64% $7,319
NEW DAY FINANCIAL, LLC 47 7.53% $12,851
NBKC BANK 47 5.85% $7,042
COMMUNITYAMERICA 42 6.46% $5,864
GUILD MORTGAGE COMPANY 40 6.56% $9,137
First State Bank of St. Charles, Missouri 39 6.34% $6,868
COMMUNITY MORTGAGE, LLC 35 6.64% $5,985
Mr. Cooper ( Nationstar Mortgage ) 32 6.18% $12,112
The Federal Savings Bank 30 6.37% $15,191
CROSSCOUNTRY MORTGAGE, LLC 28 6.34% $8,835
MORTGAGE SOLUTIONS OF COLORADO, LLC 28 7.49% $3,591
LOANDEPOT.COM, LLC 27 6.23% $13,287
PENTAGON FEDERAL CREDIT UNION 26 5.68% $7,070
GUARANTEED RATE, INC. 23 6.18% $6,691
VANDERBILT MORTGAGE AND FINANCE, INC. 22 5.76% $8,449
Armed Forces Bank 22 6.18% $7,439
ENDEAVOR CAPITAL, LLC. 21 6.40% $6,314
Bell Bank 20 6.37% $7,750
United Fidelity Funding Corp. 20 6.92% $11,294
SUMMIT FUNDING, INC. 20 6.70% $7,521
AMERISAVE MORTGAGE CORPORATION 19 5.66% $17,993
BAYSHORE MORTGAGE FUNDING, LLC 17 6.57% $8,745
HALLMARK HOME MORTGAGE, LLC 17 6.76% $10,674
BROKER SOLUTIONS, INC. 17 6.49% $9,454
The Central Trust Bank 17 6.35% $9,270
First Bank 17 6.54% $5,036
MEGASTAR FINANCIAL CORP. 17 6.51% $6,925
Plains Commerce Bank 16 6.38% $7,812
North American Savings Bank, F.S.B. 16 5.60% $9,698
Arvest Bank 15 6.45% $2,201
EVERETT FINANCIAL, INC. 13 6.83% $9,453
NEWREZ LLC 12 6.67% $7,950
NBH Bank 12 6.12% $9,267
OPEN MORTGAGE, LLC 11 6.06% $10,429
Neighborhood Loans, Inc. 11 6.84% $7,951
Academy Bank 11 6.60% $9,243
UNION HOME MORTGAGE CORP. 10 6.80% $7,789
First National Bank of Omaha 10 6.44% $6,598
DAS Acquisition Company, LLC 10 6.68% $7,770
MUTUAL OF OMAHA MORTGAGE, INC. 10 6.07% $10,617
Waterstone Mortgage Corporation 9 6.24% $8,764
U.S. Bank 9 6.58% $7,443
ARK-LA-TEX FINANCIAL SERVICES, LLC. 9 6.53% $12,132
PLANET HOME LENDING, LLC 8 6.36% $7,874
Magnolia Bank 8 6.36% $13,388
Flagstar Bank, FSB 8 6.96% $12,385
VILLAGE CAPITAL MORTGAGE 8 5.78% $8,037
JPMorgan Chase Bank 8 6.29% $3,155
First Federal Bank of Kansas City 8 6.55% $7,075
Midwest Mortgage Associates Corporation 7 6.84% $5,434
BAY EQUITY LLC 7 6.11% $11,427
Barrington Bank & Trust Company, N.A. 7 6.82% $8,158
UMB Bank 7 6.27% $2,999
MID AMERICA MORTGAGE, INC. 7 6.52% $5,335
Mid-Continent Funding, Inc. 7 6.34% $8,161
BNC National Bank 6 5.71% $3,715
AMERICAN PACIFIC MORTGAGE CORPORATION 6 7.19% $10,093
CARDINAL FINANCIAL 6 6.66% $12,775
ACADEMY MORTGAGE CORPORATION 6 6.31% $9,322
Mazuma Credit Union 5 6.08% $7,393
Sierra Pacific Mortgage Company, Inc. 5 6.48% $6,700
S1L, Inc. 5 6.93% $14,558
LAKEVIEW LOAN SERVICING, LLC 5 6.12% $18,171
CMG MORTGAGE, INC. 5 6.03% $10,450
American Mortgage & Equity Consultants, Inc. 4 6.97% $7,028
Equity Prime Mortgage LLC 4 7.59% $7,796
PREMIER MORTGAGE RESOURCES, L.L.C. 4 6.56% $9,536
Fidelity Bank 4 6.94% $8,285
First Federal Bank 4 6.50% $4,775
AMERICAN FINANCIAL NETWORK, INC. 3 6.96% $14,055
Farmers Bank & Trust 3 6.42% $5,374
Landmark National Bank 3 6.54% $5,505
SIRVA MORTGAGE, INC. 3 6.21% $10,235
SUN WEST MORTGAGE COMPANY, INC. 3 6.79% $9,005
LOANPAL, LLC 3 6.49% $13,269
Wells Fargo Bank 3 5.08% $1,686
CALIBER HOME LOANS, INC. 3 6.50% $7,396
MOVEMENT MORTGAGE, LLC 2 6.50% $4,357
GERSHMAN INVESTMENT CORP. 2 7.50% $5,638
BOKF 2 6.88% $15,517
Nations Lending Corporation 2 6.75% $12,514
Paramount Residential Mortgage Group, Inc. 2 5.69% $14,244
AMERICAN FINANCIAL RESOURCES, INC. 2 7.19% $4,766
Gateway First Bank 2 6.25% $1,330
Central National Bank 2 6.81% $4,773
ROYAL UNITED MORTGAGE LLC 2 7.00% $19,219
Community National Bank & Trust 2 6.31% $7,993
PREMIA MORTGAGE, LLC 2 6.00% $2,586
PLAZA HOME MORTGAGE, INC. 2 6.94% $6,369
NexBank 2 6.44% $6,382
Citizens Bank 2 5.94% $10,893
CHURCHILL MORTGAGE CORPORATION 2 6.50% $12,807
Oakstar Bank 2 6.63% $3,482
Hawthorn Bank 2 6.56% $3,101
Old National Bank 2 5.56% $10,909
PHH Mortgage Corporation 2 6.56% $7,220
Equity Bank 1 6.75% $41,055
ENVOY MORTGAGE, LTD 1 7.25% $17,677
Fifth Third Bank 1 7.63% $2,402
DELMAR FINANCIAL COMPANY 1 7.63% $8,844
FIRST COMMUNITY MORTGAGE, INC. 1 6.88% $5,500
First Savings Bank 1 6.25% $23,107
FIRST STATE MORTGAGE SERVICES, LLC 1 5.75% $10,286
Community First National Bank 1 5.75% $17,080
GENEVA FINANCIAL, LLC 1 7.75% $5,726
GREENSTATE CREDIT UNION 1 5.99% $5,975
GSF Mortgage Corporation 1 5.63% $5,836
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.25% $663
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.38% $4,917
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.25% $2,375
HOMESIDE FINANCIAL, LLC 1 7.25% $9,817
Ixonia Bank 1 8.25% $3,501
Carrington Mortgage Services, LLC 1 5.88% $0
MAINSTREET FEDERAL CREDIT UNION 1 6.50% $2,496
Mortgage Investment Services Corporation 1 6.75% $2,791
M&T Bank 1 6.75% $6,394
NATIONS RELIABLE LENDING, LLC 1 7.13% $11,556
BLACK HILLS FEDERAL CREDIT UNION 1 5.88% $4,481
NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $9,248
NFM, INC. 1 6.13% $6,861
ZILLOW HOME LOANS, LLC 1 6.25% $7,042
OCMBC, INC. 1 7.13% $3,397
Bank of England 1 6.75% $10,353
Bank of America 1 6.63% $8,389
PNC Bank 1 6.13% $14,915
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.25% $6,361
AXIA FINANCIAL, LLC 1 5.50% $6,614
Regions Bank 1 5.25% $2,768
RELIANCE FIRST CAPITAL, LLC 1 6.50% $9,165
R-G Federal Credit Union 1 5.85% $10,276
SUCCESS MORTGAGE PARTNERS, INC. 1 7.13% $7,352
Sunflower Bank 1 6.49% $11,776
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.75% $1,576
THRIVE MORTGAGE, LLC 1 6.13% $14,356
TOP FLITE FINANCIAL, INC. 1 7.25% $19,221
Truist 1 5.75% $1,154
AMCAP MORTGAGE, LTD. 1 5.75% $10,442

The top Kansas City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 451 VA loans originated. Their average total fees are $6,142, which is $4,042 lower than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Kansas City VA lenders (with over 10 loans originated) are Arvest Bank ($2,201), MORTGAGE SOLUTIONS OF COLORADO, LLC ($3,591), First Bank ($5,036), NAVY FEDERAL CREDIT UNION ($5,824) and COMMUNITYAMERICA ($5,864).

The lowest rate Kansas City VA lenders (with over 10 loans originated) are North American Savings Bank, F.S.B. (5.60%), AMERISAVE MORTGAGE CORPORATION (5.66%), PENNYMAC LOAN SERVICES, LLC (5.68%), PENTAGON FEDERAL CREDIT UNION (5.68%) and VANDERBILT MORTGAGE AND FINANCE, INC. (5.76%).


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
Kansas City's median listing price for 2024-04-01 was $422,000, a difference of $-38,206 (-8.3%) versus the prior year and $-3,000 versus the prior month.

Kansas City's median listing price comes in at 98% of the national average.

Kansas City's average listing price for 2024-04-01 was $518,533, a difference of $-7,690 (-1.5%) versus the prior year and $7,140 versus the prior month.

For the 2024-04-01 period, Kansas City had 3,989 MLS listings, a difference of 183 listings (5%) versus the prior month and 587 listings (17%) 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
Kansas City's median listing age (time on market) for 2024-04-01 was 47 days. This is -24% shorter than the same period one year ago.

Kansas City's median square footage for active listings during the 2024-04-01 period was 2,209 sqft. One year prior, the average listing was 2,328 sqft.

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.