Kansas City VA Loans

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 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.