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 174 lenders originated 3,785 VA loans during 2022. The total origination value was $1,138,475,000, with an average VA loan value of $300,786.
Kansas City VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Kansas City
averaged
0.06%
for the week of 2023-11-24, compared to the national average (all VA variants) of
0% for the same period.
Kansas City's average VA mortgage closing costs are $5,157.
The average rate for the prior week (2023-11-17) was
6.91% and
one month ago for the week of 2023-10-20, the
average rate was 7.34%.
The average rate one year ago was 6.25%.
For refis of the same type during the week of 2023-11-24, the average rate
was -1.05%.
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.
The top Kansas City VA lender as defined by loan originations is Mortgage Research Center, LLC, with
543 VA loans originated. Their average total fees are
$7,163, which is $3,399
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Kansas City VA lenders (with over 10 loans originated) are
MID AMERICA MORTGAGE, INC. ($3,371), NBH Bank ($4,851), EVERETT FINANCIAL, INC. ($5,238), MOVEMENT MORTGAGE, LLC ($5,340) and VILLAGE CAPITAL MORTGAGE ($5,628).
The lowest rate Kansas City VA lenders (with over 10 loans originated) are
VILLAGE CAPITAL MORTGAGE (3.21%), PENNYMAC LOAN SERVICES, LLC (3.64%), LAKEVIEW LOAN SERVICING, LLC (3.76%), CARDINAL FINANCIAL (3.81%) and The Central Trust Bank (3.83%).
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 | $280,532 (15.9%) | $340,943 (9.9%) | 1.04 | 5,233 |
2018-02-01 | $296,043 (18.4%) | $356,342 (13.8%) | 1.08 | 4,858 |
2018-03-01 | $303,750 (13.7%) | $364,970 (10.9%) | 1.07 | 5,071 |
2018-04-01 | $306,345 (9.4%) | $372,207 (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%) | 1.04 | 6,095 |
2019-02-01 | $312,450 (5.5%) | $371,630 (4.3%) | 1.06 | 5,790 |
2019-03-01 | $319,906 (5.3%) | $380,115 (4.2%) | 1.05 | 5,785 |
2019-04-01 | $322,458 (5.3%) | $386,433 (3.8%) | 1.02 | 5,888 |
2019-05-01 | $325,000 (7.4%) | $391,732 (5.4%) | 1.02 | 6,176 |
2019-06-01 | $324,825 (8.8%) | $389,987 (6.5%) | 1.02 | 6,343 |
2019-07-01 | $309,950 (5.7%) | $380,436 (4.7%) | 0.97 | 6,625 |
2019-08-01 | $307,727 (6.1%) | $379,341 (5.1%) | 0.97 | 6,711 |
2019-09-01 | $311,818 (6.7%) | $382,736 (6.0%) | 1.00 | 6,792 |
2019-10-01 | $311,995 (7.6%) | $383,198 (8.0%) | 1.01 | 6,868 |
2019-11-01 | $309,950 (6.9%) | $379,824 (7.0%) | 1.02 | 6,550 |
2019-12-01 | $313,824 (7.1%) | $383,662 (7.8%) | 1.05 | 5,694 |
2020-01-01 | $324,000 (8.1%) | $391,519 (9.0%) | 1.08 | 5,052 |
2020-02-01 | $338,475 (8.3%) | $408,264 (9.9%) | 1.11 | 4,712 |
2020-03-01 | $350,000 (9.4%) | $428,167 (12.6%) | 1.10 | 4,512 |
2020-04-01 | $351,950 (9.2%) | $428,484 (10.9%) | 1.10 | 4,517 |
2020-05-01 | $369,000 (13.5%) | $451,884 (15.4%) | 1.12 | 4,335 |
2020-06-01 | $375,000 (15.5%) | $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%) | $1,013,048 (164.7%) | 1.01 | 3,519 |
2020-10-01 | $349,999 (12.2%) | $449,552 (17.3%) | 1.00 | 3,603 |
2020-11-01 | $339,250 (9.5%) | $432,417 (13.9%) | 0.99 | 3,481 |
2020-12-01 | $324,475 (3.4%) | $412,565 (7.5%) | 0.97 | 3,102 |
2021-01-01 | $333,900 (3.1%) | $423,056 (8.1%) | 1.00 | 2,609 |
2021-02-01 | $347,450 (2.7%) | $451,745 (10.7%) | 1.01 | 2,057 |
2021-03-01 | $347,450 (-0.7%) | $455,021 (6.3%) | 0.99 | 1,957 |
2021-04-01 | $340,200 (-3.3%) | $448,367 (4.6%) | 0.92 | 2,064 |
2021-05-01 | $340,000 (-7.9%) | $442,401 (-2.1%) | 0.90 | 2,205 |
2021-06-01 | $327,694 (-12.6%) | $425,023 (-10.3%) | 0.86 | 2,556 |
2021-07-01 | $325,000 (-12.7%) | $419,928 (-10.3%) | 0.86 | 3,115 |
2021-08-01 | $317,500 (-12.3%) | $409,737 (-12.0%) | 0.85 | 3,282 |
2021-09-01 | $322,450 (-8.9%) | $404,916 (-60.0%) | 0.86 | 3,436 |
2021-10-01 | $322,000 (-8.0%) | $406,808 (-9.5%) | 0.86 | 3,370 |
2021-11-01 | $329,950 (-2.7%) | $408,817 (-5.5%) | 0.88 | 3,145 |
2021-12-01 | $343,450 (5.9%) | $413,861 (0.3%) | 0.93 | 2,726 |
2022-01-01 | $365,000 (9.3%) | $431,456 (2.0%) | 0.99 | 2,218 |
2022-02-01 | $387,475 (11.5%) | $451,258 (-0.1%) | 1.01 | 2,045 |
2022-03-01 | $386,538 (11.3%) | $442,717 (-2.7%) | 0.97 | 2,096 |
2022-04-01 | $380,000 (11.7%) | $450,707 (0.5%) | 0.91 | 2,265 |
2022-05-01 | $399,900 (17.6%) | $463,755 (4.8%) | 0.91 | 2,705 |
2022-06-01 | $399,000 (21.8%) | $465,292 (9.5%) | 0.89 | 3,245 |
2022-07-01 | $394,925 (21.5%) | $459,142 (9.3%) | 0.89 | 4,017 |
2022-08-01 | $387,444 (22.0%) | $454,285 (10.9%) | 0.90 | 4,193 |
2022-09-01 | $387,875 (20.3%) | $454,561 (12.3%) | 0.91 | 4,356 |
2022-10-01 | $389,000 (20.8%) | $457,680 (12.5%) | 0.92 | 4,723 |
2022-11-01 | $399,900 (21.2%) | $470,864 (15.2%) | 0.96 | 4,729 |
2022-12-01 | $410,000 (19.4%) | $473,329 (14.4%) | 1.01 | 4,377 |
2023-01-01 | $432,425 (18.5%) | $484,383 (12.3%) | 1.07 | 4,048 |
2023-02-01 | $442,412 (14.2%) | $495,659 (9.8%) | 1.07 | 3,732 |
2023-03-01 | $454,950 (17.7%) | $508,590 (14.9%) | 1.07 | 3,520 |
2023-04-01 | $460,200 (21.1%) | $526,217 (16.8%) | 1.07 | 3,402 |
2023-05-01 | $462,500 (15.7%) | $532,355 (14.8%) | 1.05 | 3,453 |
2023-06-01 | $453,363 (13.6%) | $526,964 (13.3%) | 1.02 | 3,606 |
2023-07-01 | $442,925 (12.2%) | $519,647 (13.2%) | 1.01 | 3,849 |
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 (8.9%) | 0.97 | 4,599 |
Kansas City's median listing price comes in at 97% of the national average.
Kansas City's average listing price for 2023-10-01 was $498,612, a difference of $40,932 (8.9%) versus the prior year and $-11,078 versus the prior month.
For the 2023-10-01 period, Kansas City had 4,599 MLS listings, a difference of 361 listings (9%) versus the prior month and -124 listings (-3%) 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 | 80 days | 2,143 sqft |
2018-02-01 | 79 days | 2,202 sqft |
2018-03-01 | 51 days | 2,274 sqft |
2018-04-01 | 45 days | 2,325 sqft |
2018-05-01 | 43 days | 2,347 sqft |
2018-06-01 | 45 days | 2,326 sqft |
2018-07-01 | 48 days | 2,321 sqft |
2018-08-01 | 50 days | 2,307 sqft |
2018-09-01 | 54 days | 2,310 sqft |
2018-10-01 | 57 days | 2,286 sqft |
2018-11-01 | 58 days | 2,240 sqft |
2018-12-01 | 72 days | 2,209 sqft |
2019-01-01 | 80 days | 2,217 sqft |
2019-02-01 | 82 days | 2,263 sqft |
2019-03-01 | 64 days | 2,313 sqft |
2019-04-01 | 43 days | 2,350 sqft |
2019-05-01 | 38 days | 2,366 sqft |
2019-06-01 | 44 days | 2,365 sqft |
2019-07-01 | 45 days | 2,295 sqft |
2019-08-01 | 47 days | 2,281 sqft |
2019-09-01 | 50 days | 2,286 sqft |
2019-10-01 | 53 days | 2,285 sqft |
2019-11-01 | 58 days | 2,265 sqft |
2019-12-01 | 72 days | 2,243 sqft |
2020-01-01 | 81 days | 2,273 sqft |
2020-02-01 | 83 days | 2,322 sqft |
2020-03-01 | 53 days | 2,400 sqft |
2020-04-01 | 54 days | 2,399 sqft |
2020-05-01 | 58 days | 2,452 sqft |
2020-06-01 | 48 days | 2,490 sqft |
2020-07-01 | 43 days | 2,448 sqft |
2020-08-01 | 42 days | 2,377 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 | 2,142 sqft |
2021-01-01 | 64 days | 2,102 sqft |
2021-02-01 | 59 days | 2,155 sqft |
2021-03-01 | 43 days | 2,163 sqft |
2021-04-01 | 37 days | 2,130 sqft |
2021-05-01 | 37 days | 2,102 sqft |
2021-06-01 | 38 days | 2,084 sqft |
2021-07-01 | 37 days | 2,071 sqft |
2021-08-01 | 40 days | 2,026 sqft |
2021-09-01 | 44 days | 2,018 sqft |
2021-10-01 | 47 days | 2,004 sqft |
2021-11-01 | 50 days | 2,009 sqft |
2021-12-01 | 57 days | 2,031 sqft |
2022-01-01 | 68 days | 2,056 sqft |
2022-02-01 | 56 days | 2,100 sqft |
2022-03-01 | 43 days | 2,070 sqft |
2022-04-01 | 38 days | 2,086 sqft |
2022-05-01 | 37 days | 2,165 sqft |
2022-06-01 | 38 days | 2,169 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 | 2,189 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 | 70 days | 2,299 sqft |
2023-04-01 | 62 days | 2,327 sqft |
2023-05-01 | 52 days | 2,373 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 |
Kansas City's median square footage for active listings during the 2023-10-01 period was 2,219 sqft. One year prior, the average listing was 2,150 sqft.