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 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
0.22%
for the week of 2022-11-25, compared to the national average (all VA variants) of
0% for the same period.
Kansas City's average VA mortgage closing costs are $4,703.
The average rate for the prior week (2022-11-18) was
6.91% and
one month ago for the week of 2022-10-21, the
average rate was 6.95%.
The average rate one year ago was 3.24%.
For refis of the same type during the week of 2022-11-25, the average rate
was 0.05%.
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
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 | $280,532 (15.9%) | $340,943 (9.9%) | 1.04 | 5,233 |
| 2018-02-01 | $296,043 (18.4%) | $356,342 (13.8%) | 1.07 | 4,858 |
| 2018-03-01 | $303,750 (13.7%) | $364,970 (10.9%) | 1.07 | 5,071 |
| 2018-04-01 | $306,345 (9.4%) | $372,213 (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%) | 1.03 | 6,095 |
| 2019-02-01 | $312,450 (5.5%) | $371,630 (4.3%) | 1.06 | 5,790 |
| 2019-03-01 | $319,921 (5.3%) | $380,155 (4.2%) | 1.05 | 5,787 |
| 2019-04-01 | $322,475 (5.3%) | $386,388 (3.8%) | 1.02 | 5,890 |
| 2019-05-01 | $325,000 (7.4%) | $391,595 (5.4%) | 1.02 | 6,185 |
| 2019-06-01 | $324,000 (8.5%) | $389,757 (6.5%) | 1.01 | 6,352 |
| 2019-07-01 | $309,950 (5.7%) | $380,196 (4.7%) | 0.97 | 6,634 |
| 2019-08-01 | $307,714 (6.1%) | $379,102 (5.0%) | 0.97 | 6,721 |
| 2019-09-01 | $311,784 (6.7%) | $382,490 (6.0%) | 1.00 | 6,803 |
| 2019-10-01 | $311,923 (7.6%) | $382,953 (8.0%) | 1.01 | 6,879 |
| 2019-11-01 | $309,900 (6.9%) | $379,584 (6.9%) | 1.02 | 6,560 |
| 2019-12-01 | $311,948 (6.5%) | $383,386 (7.7%) | 1.04 | 5,705 |
| 2020-01-01 | $323,594 (8.0%) | $391,182 (8.9%) | 1.08 | 5,063 |
| 2020-02-01 | $337,500 (8.0%) | $407,863 (9.8%) | 1.10 | 4,723 |
| 2020-03-01 | $349,975 (9.4%) | $427,701 (12.5%) | 1.10 | 4,523 |
| 2020-04-01 | $350,919 (8.8%) | $428,021 (10.8%) | 1.10 | 4,528 |
| 2020-05-01 | $368,900 (13.5%) | $451,341 (15.3%) | 1.12 | 4,347 |
| 2020-06-01 | $375,000 (15.7%) | $473,167 (21.4%) | 1.10 | 3,995 |
| 2020-07-01 | $372,000 (20.0%) | $467,231 (22.9%) | 1.08 | 3,727 |
| 2020-08-01 | $360,475 (17.2%) | $464,829 (22.6%) | 1.03 | 3,567 |
| 2020-09-01 | $352,088 (12.9%) | $1,010,551 (164.2%) | 1.01 | 3,531 |
| 2020-10-01 | $349,950 (12.2%) | $448,812 (17.2%) | 1.00 | 3,615 |
| 2020-11-01 | $338,000 (9.1%) | $431,767 (13.8%) | 0.99 | 3,493 |
| 2020-12-01 | $322,849 (3.5%) | $412,008 (7.5%) | 0.96 | 3,114 |
| 2021-01-01 | $331,900 (2.6%) | $422,339 (8.0%) | 0.99 | 2,621 |
| 2021-02-01 | $347,375 (2.9%) | $450,688 (10.5%) | 1.01 | 2,069 |
| 2021-03-01 | $347,425 (-0.7%) | $453,925 (6.1%) | 0.99 | 1,969 |
| 2021-04-01 | $339,950 (-3.1%) | $447,311 (4.5%) | 0.92 | 2,075 |
| 2021-05-01 | $339,950 (-7.9%) | $441,362 (-2.2%) | 0.90 | 2,215 |
| 2021-06-01 | $327,500 (-12.7%) | $424,092 (-10.4%) | 0.86 | 2,566 |
| 2021-07-01 | $325,000 (-12.6%) | $419,389 (-10.2%) | 0.86 | 3,118 |
| 2021-08-01 | $317,450 (-11.9%) | $409,200 (-12.0%) | 0.85 | 3,287 |
| 2021-09-01 | $320,500 (-9.0%) | $404,392 (-60.0%) | 0.85 | 3,444 |
| 2021-10-01 | $320,000 (-8.6%) | $406,196 (-9.5%) | 0.85 | 3,379 |
| 2021-11-01 | $329,925 (-2.4%) | $408,121 (-5.5%) | 0.88 | 3,153 |
| 2021-12-01 | $342,500 (6.1%) | $413,034 (0.3%) | 0.93 | 2,736 |
| 2022-01-01 | $365,000 (10.0%) | $430,512 (1.9%) | 0.99 | 2,229 |
| 2022-02-01 | $385,925 (11.1%) | $450,168 (-0.1%) | 1.00 | 2,057 |
| 2022-03-01 | $382,750 (10.2%) | $441,708 (-2.7%) | 0.96 | 2,108 |
| 2022-04-01 | $379,925 (11.8%) | $449,756 (0.6%) | 0.91 | 2,277 |
| 2022-05-01 | $399,250 (17.4%) | $462,961 (4.9%) | 0.91 | 2,717 |
| 2022-06-01 | $399,000 (21.8%) | $464,596 (9.6%) | 0.89 | 3,257 |
| 2022-07-01 | $391,500 (20.5%) | $458,560 (9.3%) | 0.89 | 4,029 |
| 2022-08-01 | $386,975 (21.9%) | $453,726 (10.9%) | 0.89 | 4,205 |
| 2022-09-01 | $387,500 (20.9%) | $453,980 (12.3%) | 0.91 | 4,368 |
| 2022-10-01 | $388,475 (21.4%) | $457,089 (12.5%) | 0.91 | 4,736 |
Kansas City's median listing price comes in at 91% of the national average.
Kansas City's average listing price for 2022-10-01 was $457,089, a difference of $50,893 (12.5%) versus the prior year and $3,109 versus the prior month.
For the 2022-10-01 period, Kansas City had 4,736 MLS listings, a difference of 368 listings (8%) versus the prior month and 1,357 listings (40%) 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 | 2,142 sqft |
| 2018-02-01 | 86 days | 2,204 sqft |
| 2018-03-01 | 57 days | 2,270 sqft |
| 2018-04-01 | 50 days | 2,318 sqft |
| 2018-05-01 | 46 days | 2,326 sqft |
| 2018-06-01 | 47 days | 2,303 sqft |
| 2018-07-01 | 51 days | 2,300 sqft |
| 2018-08-01 | 53 days | 2,281 sqft |
| 2018-09-01 | 57 days | 2,300 sqft |
| 2018-10-01 | 60 days | 2,285 sqft |
| 2018-11-01 | 63 days | 2,241 sqft |
| 2018-12-01 | 78 days | 2,208 sqft |
| 2019-01-01 | 87 days | 2,221 sqft |
| 2019-02-01 | 92 days | 2,268 sqft |
| 2019-03-01 | 74 days | 2,313 sqft |
| 2019-04-01 | 49 days | 2,349 sqft |
| 2019-05-01 | 43 days | 2,361 sqft |
| 2019-06-01 | 50 days | 2,364 sqft |
| 2019-07-01 | 50 days | 2,295 sqft |
| 2019-08-01 | 52 days | 2,281 sqft |
| 2019-09-01 | 55 days | 2,286 sqft |
| 2019-10-01 | 58 days | 2,285 sqft |
| 2019-11-01 | 64 days | 2,268 sqft |
| 2019-12-01 | 79 days | 2,244 sqft |
| 2020-01-01 | 88 days | 2,273 sqft |
| 2020-02-01 | 92 days | 2,322 sqft |
| 2020-03-01 | 62 days | 2,400 sqft |
| 2020-04-01 | 61 days | 2,400 sqft |
| 2020-05-01 | 65 days | 2,452 sqft |
| 2020-06-01 | 55 days | 2,488 sqft |
| 2020-07-01 | 49 days | 2,447 sqft |
| 2020-08-01 | 45 days | 2,374 sqft |
| 2020-09-01 | 43 days | 2,340 sqft |
| 2020-10-01 | 42 days | 2,319 sqft |
| 2020-11-01 | 47 days | 2,206 sqft |
| 2020-12-01 | 57 days | 2,140 sqft |
| 2021-01-01 | 67 days | 2,100 sqft |
| 2021-02-01 | 64 days | 2,152 sqft |
| 2021-03-01 | 46 days | 2,160 sqft |
| 2021-04-01 | 38 days | 2,129 sqft |
| 2021-05-01 | 39 days | 2,102 sqft |
| 2021-06-01 | 39 days | 2,084 sqft |
| 2021-07-01 | 38 days | 2,072 sqft |
| 2021-08-01 | 41 days | 2,028 sqft |
| 2021-09-01 | 45 days | 2,018 sqft |
| 2021-10-01 | 48 days | 2,004 sqft |
| 2021-11-01 | 52 days | 2,008 sqft |
| 2021-12-01 | 59 days | 2,031 sqft |
| 2022-01-01 | 71 days | 2,056 sqft |
| 2022-02-01 | 61 days | 2,097 sqft |
| 2022-03-01 | 46 days | 2,070 sqft |
| 2022-04-01 | 39 days | 2,089 sqft |
| 2022-05-01 | 40 days | 2,165 sqft |
| 2022-06-01 | 40 days | 2,169 sqft |
| 2022-07-01 | 43 days | 2,168 sqft |
| 2022-08-01 | 49 days | 2,129 sqft |
| 2022-09-01 | 53 days | 2,145 sqft |
| 2022-10-01 | 55 days | 2,150 sqft |
Kansas City's median square footage for active listings during the 2022-10-01 period was 2,150 sqft. One year prior, the average listing was 2,004 sqft.
