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%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
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 MORTGAGE 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
Mazuma Credit Union 14 2.72% $3,852
First Mortgage Solutions, LLC 14 2.48% $6,179
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
Plains Commerce Bank 13 2.55% $4,277
Mortgage Investment Services Corporation 13 2.79% $4,733
BOKF 13 2.81% $7,598
ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 2.62% $5,849
NBH Bank 12 2.61% $2,863
ACCELERATE MORTGAGE, LLC 12 2.19% $5,115
Nations Lending Corporation 12 3.21% $9,372
Capital Bank 12 2.37% $5,150
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
LOANPAL, LLC 11 2.48% $6,554
CELEBRITY HOME LOANS, LLC 10 2.95% $5,857
SUN WEST MORTGAGE COMPANY, INC. 10 2.61% $2,343
Oakstar Bank 10 2.43% $4,859
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
PREMIER MORTGAGE RESOURCES, L.L.C. 8 2.83% $6,769
BAY EQUITY LLC 8 2.87% $11,361
Sunflower Bank 8 2.84% $4,093
JAMES B. NUTTER & COMPANY 8 2.69% $3,313
First Federal Bank 8 2.81% $4,900
UMB Bank 8 2.67% $3,119
American Mortgage & Equity Consultants, Inc. 7 2.66% $3,827
Ixonia Bank 7 3.25% $10,045
KELLER MORTGAGE, LLC 6 2.63% $3,123
Bank of England 6 2.52% $5,544
HOMESIDE FINANCIAL, LLC 6 2.50% $9,065
S1L, Inc. 6 2.94% $10,295
GENEVA FINANCIAL, LLC 6 2.71% $3,713
TJC Mortgage, Inc. 5 2.33% $6,526
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
EVERETT FINANCIAL, INC. 5 3.38% $8,353
Midwest Mortgage Associates Corporation 4 3.38% $10,481
Citizens Bank 4 2.63% $4,882
GERSHMAN INVESTMENT CORP. 4 3.19% $5,926
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 3 2.70% $3,698
M&T Bank 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 $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 for 2022-10-01 was $388,475, a difference of $68,475 (21.4%) versus the prior year and $975 versus the prior month.

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 listing age (time on market) for 2022-10-01 was 55 days. This is 15% longer than the same period one year ago.

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.

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.