Kansas City VA Loans

KANSAS CITY, MO-KS

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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 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 187 lenders originated 8,209 VA loans during 2021. The total origination value was $2,177,705,000, with an average VA loan value of $265,283.

    Kansas City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Kansas City averaged 5.48% for the week of 2022-05-13, compared to the national average (all VA variants) of 5.158% for the same period.

    The average rate for the prior week (2022-05-06) was 5.41% and one month ago for the week of 2022-04-08, the average rate was 5.23%.

    The average rate one year ago was 2.95%.

    For refis of the same type during the week of 2022-05-13, the average rate was 5.31%.

    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 and rates for VA 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
    Mortgage Research Center, LLC 786 2.87% $5,270
    QUICKEN LOANS, LLC 575 2.50% $4,913
    FREEDOM MORTGAGE CORPORATION 479 2.49% $2,610
    PENNYMAC LOAN SERVICES, LLC 364 2.49% $4,925
    USAA Federal Savings Bank 215 2.86% $4,354
    PRIMELENDING, A PLAINSCAPITAL COMPANY 209 2.86% $5,809
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 185 2.85% $5,234
    NAVY FEDERAL CREDIT UNION 184 2.49% $5,004
    NEW DAY FINANCIAL, LLC 161 2.79% $6,930
    LOANDEPOT.COM, LLC 161 2.63% $4,491
    North American Savings Bank, F.S.B. 157 2.49% $4,946
    COMMUNITYAMERICA 144 2.59% $4,638
    LAKEVIEW LOAN SERVICING, LLC 142 2.47% $2,706
    CALIBER HOME LOANS, INC. 140 2.60% $3,552
    NBKC BANK 138 2.55% $4,630
    FLAT BRANCH MORTGAGE, INC. 123 2.93% $6,670
    First State Bank of St. Charles, Missouri 121 2.60% $5,748
    Prosperity Home Mortgage, LLC 120 2.75% $6,086
    UNITED WHOLESALE MORTGAGE, LLC 102 2.53% $4,672
    GUILD MORTGAGE COMPANY 100 2.80% $5,499
    HOME POINT FINANCIAL CORPORATION 97 2.49% $4,603
    The Federal Savings Bank 96 2.59% $6,549
    Mr. Cooper ( Nationstar Mortgage ) 94 2.84% $3,743
    LEADERONE FINANCIAL CORPORATION 92 2.76% $5,600
    GUARANTEED RATE, INC. 78 2.69% $5,025
    COMMUNITY MORTGAGE, LLC 69 2.59% $4,815
    Wells Fargo Bank 67 2.52% $3,450
    UNION HOME MORTGAGE CORP. 57 2.71% $5,315
    VILLAGE CAPITAL & INVESTMENT LLC 56 2.46% $3,126
    Low VA Rates, LLC 56 2.34% $4,382
    CROSSCOUNTRY MORTGAGE, LLC 53 2.86% $5,183
    Arvest Bank 49 2.73% $5,135
    ENDEAVOR CAPITAL, LLC. 44 2.97% $5,225
    PENTAGON FEDERAL CREDIT UNION 41 2.34% $2,363
    First Federal Bank of Kansas City 41 2.54% $4,665
    Armed Forces Bank 38 2.51% $3,902
    MID AMERICA MORTGAGE, INC. 38 2.62% $2,381
    AMERICAN PACIFIC MORTGAGE CORPORATION 38 2.93% $5,991
    PLANET HOME LENDING, LLC 38 2.63% $3,076
    Carrington Mortgage Services, LLC 36 3.11% $5,295
    BNC National Bank 35 2.38% $3,843
    Barrington Bank & Trust Company, N.A. 34 2.79% $4,137
    BROKER SOLUTIONS, INC. 34 2.77% $5,588
    Community First National Bank 33 2.51% $6,782
    NEWREZ LLC 32 2.75% $3,569
    AMERISAVE MORTGAGE CORPORATION 32 2.70% $5,199
    Flagstar Bank, FSB 30 2.58% $5,154
    Bell Bank 29 2.80% $6,408
    FINANCE OF AMERICA MORTGAGE LLC 28 2.71% $6,186
    HOMEBRIDGE FINANCIAL SERVICES, INC. 25 2.70% $6,027
    Magnolia Bank 25 2.41% $5,576
    First National Bank of Omaha 24 2.81% $4,666
    MOVEMENT MORTGAGE, LLC 24 2.85% $4,760
    Mid-Continent Funding, Inc. 24 2.77% $5,749
    MEGASTAR FINANCIAL CORP. 24 2.64% $5,049
    Academy Bank 24 2.38% $3,206
    KS StateBank 24 2.62% $4,717
    First Bank 24 2.58% $5,729
    DAS Acquisition Company, LLC 23 2.91% $4,885
    First Guaranty Mortgage Corporation 23 2.63% $6,419
    SUMMIT FUNDING, INC. 22 3.07% $6,659
    MUTUAL OF OMAHA MORTGAGE, INC. 21 2.59% $6,360
    The Central Trust Bank 20 2.83% $6,772
    FIRST COMMUNITY MORTGAGE, INC. 20 2.52% $3,716
    ACADEMY MORTGAGE CORPORATION 18 2.87% $4,555
    Wyndham Capital Mortgage, Inc. 18 2.49% $3,400
    OPEN MORTGAGE, LLC 16 2.91% $4,655
    DELMAR FINANCIAL COMPANY 15 2.92% $2,033
    U.S. Bank 15 2.86% $8,122
    First Mortgage Solutions, LLC 14 2.48% $6,179
    Mazuma Credit Union 14 2.72% $3,852
    Fidelity Bank 14 2.80% $4,689
    AMERICAN FINANCIAL NETWORK, INC. 14 2.38% $9,247
    MORTGAGE SOLUTIONS OF COLORADO, LLC 13 2.92% $4,986
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 2.62% $5,849
    Plains Commerce Bank 13 2.55% $4,277
    Mortgage Investment Services Corporation 13 2.79% $4,733
    BOKF 13 2.81% $7,598
    Capital Bank 12 2.37% $5,150
    ACCELERATE MORTGAGE, LLC 12 2.19% $5,115
    NBH Bank 12 2.61% $2,863
    Nations Lending Corporation 12 3.21% $9,372
    LOANPAL, LLC 11 2.48% $6,554
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 11 2.91% $5,247
    First Home Bank 11 2.58% $4,565
    INLANTA MORTGAGE, INC. 11 2.81% $7,800
    CELEBRITY HOME LOANS, LLC 10 2.95% $5,857
    Oakstar Bank 10 2.43% $4,859
    SUN WEST MORTGAGE COMPANY, INC. 10 2.61% $2,343
    United Fidelity Funding Corp. 10 2.80% $7,302
    Paramount Bank 9 2.68% $4,454
    Paramount Residential Mortgage Group, Inc. 9 3.38% $6,209
    Landmark National Bank 9 2.54% $3,981
    Sunflower Bank 8 2.84% $4,093
    BAY EQUITY LLC 8 2.87% $11,361
    PREMIER MORTGAGE RESOURCES, L.L.C. 8 2.83% $6,769
    First Federal Bank 8 2.81% $4,900
    JAMES B. NUTTER & COMPANY 8 2.69% $3,313
    UMB Bank 8 2.67% $3,119
    American Mortgage & Equity Consultants, Inc. 7 2.66% $3,827
    Ixonia Bank 7 3.25% $10,045
    GENEVA FINANCIAL, LLC 6 2.71% $3,713
    S1L, Inc. 6 2.94% $10,295
    HOMESIDE FINANCIAL, LLC 6 2.50% $9,065
    Bank of England 6 2.52% $5,544
    KELLER MORTGAGE, LLC 6 2.63% $3,123
    ZILLOW HOME LOANS, LLC 5 2.58% $5,794
    MAINSTREET FEDERAL CREDIT UNION 5 2.95% $2,494
    NP, Inc. 5 2.30% $5,165
    Commerce Bank 5 3.18% $5,334
    Gateway First Bank 5 2.95% $2,411
    TJC Mortgage, Inc. 5 2.33% $6,526
    EVERETT FINANCIAL, INC. 5 3.38% $8,353
    GERSHMAN INVESTMENT CORP. 4 3.19% $5,926
    Midwest Mortgage Associates Corporation 4 3.38% $10,481
    Citizens Bank 4 2.63% $4,882
    First Midwest Bank 4 2.47% $6,200
    Neighborhood Loans, Inc. 4 2.75% $2,490
    AMERICAN FINANCING CORPORATION 4 2.50% $2,736
    PREMIA MORTGAGE, LLC 4 2.44% $5,776
    RELIANCE FIRST CAPITAL, LLC 3 2.54% $13,424
    Sierra Pacific Mortgage Company, Inc. 3 3.29% $8,081
    Hawthorn Bank 3 2.29% $3,645
    Truist Bank 3 2.70% $3,698
    Manufacturers and Traders Trust Company 3 3.13% $3,546
    CHURCHILL MORTGAGE CORPORATION 3 3.21% $2,621
    Bank of America 3 2.67% $1,408
    Northpointe Bank 2 2.63% $7,501
    Central National Bank 2 3.00% $10,879
    Meridian Bank Corporation 2 2.31% $5,275
    Members Mortgage Services, L.L.C. 2 2.50% $3,229
    Community Mortgage Banc Corporation 2 3.06% $2,295
    VANDERBILT MORTGAGE AND FINANCE, INC. 2 2.94% $3,496
    American Mortgage Bank, LLC 2 3.06% $5,682
    EMBRACE HOME LOANS, INC. 2 2.75% $4,164
    InterContinental Capital Group, Inc 2 2.56% $3,406
    PHH Mortgage Corporation 2 3.13% $2,882
    TOP FLITE FINANCIAL, INC. 2 3.13% $9,933
    THRIVE MORTGAGE, LLC 2 2.75% $8,404
    BAYSHORE MORTGAGE FUNDING, LLC 2 2.31% $2,213
    PLAZA HOME MORTGAGE, INC. 2 2.56% $12,981
    The Home Loan Expert LLC 2 2.94% $11,461
    Texana Bank 2 2.31% $8,426
    SUCCESS MORTGAGE PARTNERS, INC. 2 2.93% $2,049
    SIRVA MORTGAGE, INC. 2 3.13% $3,721
    SENTE MORTGAGE, INC. 2 2.94% $7,394
    FAMILY FINANCE MORTGAGE, LLC 2 3.00% $9,372
    Republic Bank & Trust Company 2 2.38% $913
    RCB Bank 2 3.13% $7,654
    Regions Bank 2 2.69% $1,578
    NexBank 2 2.50% $12,346
    First Savings Bank 1 2.25% $4,738
    Florida Capital Bank 1 2.50% $2,353
    First Internet Bank of Indiana 1 2.25% $2,821
    Goldwater Bank, N.A. 1 2.38% $2,268
    GSF Mortgage Corporation 1 2.25% $1,761
    FirstBank 1 2.50% $995
    INB 1 2.25% $2,443
    INLAND BANK & TRUST 1 2.50% $2,000
    INTERCAP LENDING INC. 1 2.25% $4,334
    FEDEX EMPLOYEES CREDIT ASSOCIATION 1 2.50% $7,710
    LENOX FINANCIAL MORTGAGE CORPORATION 1 3.25% $13,723
    Equity Prime Mortgage LLC 1 3.75% $2,702
    Core Bank 1 2.00% $2,416
    Colonial Savings, F.A. 1 3.13% $4,456
    CMG MORTGAGE, INC. 1 2.75% $10,067
    Citizens National Bank of Greater St. Louis 1 3.25% $9,675
    CHERRY CREEK MORTGAGE, LLC 1 2.25% $768
    CHARTER WEST BANK 1 2.25% $4,172
    NORTHERN MORTGAGE SERVICES, LLC 1 2.62% $10,172
    Northwest Federal Credit Union 1 3.00% $10,141
    BLACK HILLS FEDERAL CREDIT UNION 1 2.38% $6,147
    Pinnacle Bank 1 2.25% $1,795
    PNC Bank 1 2.38% $2,624
    Progress Bank and Trust 1 2.38% $16,184
    ROYAL UNITED MORTGAGE LLC 1 2.75% $10,746
    SECURITYNATIONAL MORTGAGE COMPANY 1 2.63% $2,486
    SIWELL, INC. 1 2.75% $1,729
    Stride Bank 1 2.75% $2,764
    Strong Home Mortgage, LLC 1 2.50% $2,216
    Atlantic Union Bank 1 2.75% $9,958
    Arbor Bank 1 2.50% $6,467
    Triumph Bank 1 2.75% $2,118
    TruHome Solutions, LLC 1 2.75% $14,024
    UNITED SECURITY FINANCIAL CORP 1 2.25% $4,994
    AMERICAN FINANCIAL RESOURCES, INC. 1 3.75% $4,490
    First National Bank Texas 1 3.38% $2,694

    The top Kansas City VA lender as defined by loan originations is Mortgage Research Center, LLC, with 786 VA loans originated. Their average total fees are $5,270, which is $357 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Kansas City VA lenders (with over 10 loans originated) are DELMAR FINANCIAL COMPANY ($2,033), SUN WEST MORTGAGE COMPANY, INC. ($2,343), PENTAGON FEDERAL CREDIT UNION ($2,363), MID AMERICA MORTGAGE, INC. ($2,381) and FREEDOM MORTGAGE CORPORATION ($2,610).

    The lowest rate Kansas City VA lenders (with over 10 loans originated) are ACCELERATE MORTGAGE, LLC (2.19%), Low VA Rates, LLC (2.34%), PENTAGON FEDERAL CREDIT UNION (2.34%), Capital Bank (2.37%) and AMERICAN FINANCIAL NETWORK, INC. (2.38%).

    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.

    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.