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 2023-06-02, 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 (2023-05-26) was 6.09% and one month ago for the week of 2023-04-28, the average rate was 6.15%.

The average rate one year ago was 4.9%.

For refis of the same type during the week of 2023-06-02, the average rate was -1.25%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
Mortgage Research Center, LLC 543 5.17% $7,163
QUICKEN LOANS, LLC 243 4.15% $10,561
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 152 5.04% $7,985
UNITED WHOLESALE MORTGAGE, LLC 148 4.71% $7,236
NAVY FEDERAL CREDIT UNION 147 3.91% $6,255
FREEDOM MORTGAGE CORPORATION 141 4.45% $10,898
PENNYMAC LOAN SERVICES, LLC 113 3.64% $7,559
USAA Federal Savings Bank 107 4.64% $7,163
PRIMELENDING, A PLAINSCAPITAL COMPANY 91 4.92% $5,900
NEW DAY FINANCIAL, LLC 78 5.43% $10,344
Prosperity Home Mortgage, LLC 76 4.72% $9,042
FLAT BRANCH MORTGAGE, INC. 75 4.94% $6,080
LEADERONE FINANCIAL CORPORATION 65 4.95% $9,032
GUILD MORTGAGE COMPANY 65 4.93% $8,290
North American Savings Bank, F.S.B. 64 4.42% $7,319
LOANDEPOT.COM, LLC 55 4.55% $9,685
The Federal Savings Bank 52 4.93% $13,990
First State Bank of St. Charles, Missouri 52 4.48% $8,111
NBKC BANK 52 4.19% $7,214
Mr. Cooper ( Nationstar Mortgage ) 45 4.74% $10,864
Armed Forces Bank 43 4.44% $5,776
COMMUNITYAMERICA 42 4.52% $6,741
SUMMIT FUNDING, INC. 42 5.55% $8,599
AMERISAVE MORTGAGE CORPORATION 37 4.32% $11,035
CROSSCOUNTRY MORTGAGE, LLC 33 5.00% $7,400
GUARANTEED RATE, INC. 32 4.84% $6,915
COMMUNITY MORTGAGE, LLC 31 5.00% $7,510
Bell Bank 30 4.80% $7,308
Wells Fargo Bank 29 4.20% $6,928
HOME POINT FINANCIAL CORPORATION 28 4.34% $9,420
MORTGAGE SOLUTIONS OF COLORADO, LLC 27 5.69% $9,467
Flagstar Bank, FSB 26 4.21% $9,176
ENDEAVOR CAPITAL, LLC. 26 4.97% $7,906
LAKEVIEW LOAN SERVICING, LLC 25 3.76% $7,587
NEWREZ LLC 25 4.03% $6,461
CALIBER HOME LOANS, INC. 23 4.73% $7,913
DAS Acquisition Company, LLC 23 5.16% $8,763
Arvest Bank 20 4.51% $8,426
BROKER SOLUTIONS, INC. 20 4.60% $9,156
FINANCE OF AMERICA MORTGAGE LLC 17 4.51% $7,863
OPEN MORTGAGE, LLC 17 5.09% $6,735
MOVEMENT MORTGAGE, LLC 15 4.76% $5,340
UNION HOME MORTGAGE CORP. 15 4.38% $9,398
Plains Commerce Bank 15 5.00% $10,480
VANDERBILT MORTGAGE AND FINANCE, INC. 14 4.24% $10,283
PENTAGON FEDERAL CREDIT UNION 13 3.95% $6,501
Carrington Mortgage Services, LLC 13 4.93% $10,670
Magnolia Bank 13 4.29% $13,139
NBH Bank 13 4.64% $4,851
PLANET HOME LENDING, LLC 13 4.15% $9,052
EVERETT FINANCIAL, INC. 13 5.64% $5,238
HOMEBRIDGE FINANCIAL SERVICES, INC. 13 5.09% $12,743
The Central Trust Bank 12 3.83% $8,656
Barrington Bank & Trust Company, N.A. 12 4.56% $9,327
CARDINAL FINANCIAL 12 3.81% $8,094
Community First National Bank 12 4.31% $7,841
First Federal Bank of Kansas City 12 4.28% $8,596
Mid-Continent Funding, Inc. 12 4.73% $11,628
U.S. Bank 12 4.78% $7,241
VILLAGE CAPITAL MORTGAGE 12 3.21% $5,628
United Fidelity Funding Corp. 11 5.97% $11,128
BNC National Bank 11 4.31% $9,043
CMG MORTGAGE, INC. 10 4.74% $8,462
First Bank 10 4.93% $6,151
MID AMERICA MORTGAGE, INC. 10 4.36% $3,371
AMERICAN PACIFIC MORTGAGE CORPORATION 9 5.15% $7,660
SUN WEST MORTGAGE COMPANY, INC. 8 5.04% $7,588
AMERICAN FINANCING CORPORATION 8 3.86% $9,191
ACADEMY MORTGAGE CORPORATION 8 4.59% $2,053
ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 4.88% $7,049
MUTUAL OF OMAHA MORTGAGE, INC. 8 4.63% $10,508
MEGASTAR FINANCIAL CORP. 8 4.34% $5,317
First National Bank of Omaha 7 4.89% $11,104
Wyndham Capital Mortgage, Inc. 7 3.95% $8,350
Mazuma Credit Union 6 4.21% $6,665
FIRST COMMUNITY MORTGAGE, INC. 6 4.00% $6,077
Paramount Residential Mortgage Group, Inc. 6 4.04% $7,331
JAMES B. NUTTER & COMPANY 6 5.04% $5,216
Sunflower Bank 6 4.64% $10,290
Low VA Rates, LLC 6 4.15% $16,679
PREMIER MORTGAGE RESOURCES, L.L.C. 6 5.65% $4,310
INLANTA MORTGAGE, INC. 6 4.10% $6,379
BOKF 6 4.79% $6,225
DELMAR FINANCIAL COMPANY 5 5.38% $1,937
Amerifirst Financial, Inc. 5 5.35% $7,131
Equity Prime Mortgage LLC 5 5.83% $6,357
THRIVE MORTGAGE, LLC 5 4.55% $5,179
Nations Lending Corporation 4 5.38% $10,917
JPMorgan Chase Bank 4 5.50% $12,571
S1L, Inc. 4 5.53% $6,716
LOANPAL, LLC 4 3.66% $19,346
American Mortgage & Equity Consultants, Inc. 4 5.28% $5,858
Gateway First Bank 4 5.63% $7,973
Commerce Bank 4 5.03% $2,983
Oakstar Bank 4 4.66% $3,744
Regions Bank 4 4.41% $8,185
FirstBank 4 3.47% $6,058
PREMIA MORTGAGE, LLC 4 4.38% $6,520
Bank of England 3 5.33% $15,171
Landmark National Bank 3 3.54% $1,958
EMBRACE HOME LOANS, INC. 3 6.00% $14,593
GENEVA FINANCIAL, LLC 3 5.50% $9,036
Texana Bank 3 4.25% $14,267
GERSHMAN INVESTMENT CORP. 3 5.58% $7,633
Truist 3 2.80% $3,444
UMB Bank 3 5.50% $11,073
Midwest Mortgage Associates Corporation 3 6.04% $3,057
Mortgage Investment Services Corporation 3 4.79% $2,367
First Mortgage Solutions, LLC 3 3.04% $11,118
CHURCHILL MORTGAGE CORPORATION 3 5.08% $7,390
M&T Bank 3 4.63% $7,925
Central National Bank 3 4.08% $1,299
Neighborhood Loans, Inc. 3 5.00% $9,696
Fidelity Bank 3 5.29% $3,060
BAYSHORE MORTGAGE FUNDING, LLC 3 6.75% $9,620
Ixonia Bank 3 5.38% $15,748
PHH Mortgage Corporation 3 4.75% $16,986
JLB CORPORATION 3 3.17% $3,058
Financial Funding Solutions, Inc. 2 6.31% $7,899
ZILLOW HOME LOANS, LLC 2 4.06% $5,138
First Federal Bank 2 3.75% $10,884
The Home Loan Expert LLC 2 4.13% $10,599
BancorpSouth Bank 2 5.13% $2,649
Academy Bank 2 4.31% $8,769
Sierra Pacific Mortgage Company, Inc. 2 4.13% $8,620
BAY EQUITY LLC 2 4.94% $2,945
First Guaranty Mortgage Corporation 2 3.19% $3,144
Hawthorn Bank 2 3.81% $2,579
NexBank 2 3.25% $1,494
First Savings Bank 2 6.25% $14,532
PLAZA HOME MORTGAGE, INC. 2 6.00% $6,804
First Internet Bank of Indiana 1 2.50% $6,475
Goldwater Bank, N.A. 1 7.25% $24,119
HALLMARK HOME MORTGAGE, LLC 1 6.63% $12,350
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.63% $7,794
HOMESIDE FINANCIAL, LLC 1 4.63% $16,284
Hometown Lenders, Inc. 1 6.63% $4,443
ENVOY MORTGAGE, LTD 1 6.13% $3,094
DRAPER AND KRAMER MORTGAGE CORP. 1 5.25% $8,794
MAINSTREET FEDERAL CREDIT UNION 1 6.13% $1,781
Members Mortgage Services, L.L.C. 1 2.75% $2,980
Cornerstone First Mortgage, Inc 1 5.50% $39,795
Mutual Federal Bank 1 4.75% $6,596
CHERRY CREEK MORTGAGE, LLC 1 4.38% $789
CASTLE & COOKE MORTGAGE, LLC 1 5.25% $7,131
NETWORK CAPITAL FUNDING CORPORATION 1 4.50% $5,410
Capital Bank 1 4.50% $11,096
Northpointe Bank 1 2.75% $10,355
NP, Inc. 1 2.75% $2,796
Old National Bank 1 2.38% $8,572
ON Q FINANCIAL, INC. 1 6.00% $10,961
Paramount Bank 1 4.38% $9,025
BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 4.75% $9,718
Peoples Bank 1 4.99% $5,918
Pinnacle Bank 1 5.25% $2,980
Bank of America 1 3.88% $2,615
PNC Bank 1 4.63% $8,803
ASSEMBLIES OF GOD Credit Union 1 4.63% $12,649
Red River Bank 1 4.50% $9,713
R-G Federal Credit Union 1 3.95% $7,179
RUOFF MORTGAGE COMPANY, INC. 1 4.75% $2,377
SENTE MORTGAGE, INC. 1 5.25% $16,687
Servion, Inc. 1 4.88% $3,592
SUCCESS MORTGAGE PARTNERS, INC. 1 3.50% $18,030
The First National Bank of Middle Tennessee 1 5.75% $8,062
TOP FLITE FINANCIAL, INC. 1 5.75% $21,300
TOWNE MORTGAGE COMPANY 1 3.25% $28,982
Union Bank and Trust Company 1 3.00% $8,797
American Mortgage Bank, LLC 1 6.75% $19,421
US MORTGAGE CORPORATION 1 4.75% $11,752
AMERICAN FINANCIAL RESOURCES, INC. 1 5.88% $5,255
VERITAS FUNDING, LLC 1 5.13% $12,912
First Home Bank 1 3.75% $1,935
FIRST INTEGRITY MORTGAGE SERVICES, INC. 1 3.25% $2,166

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. 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%) 1.08 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
Kansas City's median listing price for 2023-05-01 was $462,500, a difference of $62,600 (15.7%) versus the prior year and $2,300 versus the prior month.

Kansas City's median listing price comes in at 105% of the national average.

Kansas City's average listing price for 2023-05-01 was $532,355, a difference of $68,600 (14.8%) versus the prior year and $6,138 versus the prior month.

For the 2023-05-01 period, Kansas City had 3,453 MLS listings, a difference of 51 listings (1%) versus the prior month and 748 listings (28%) 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 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
Kansas City's median listing age (time on market) for 2023-05-01 was 52 days. This is 39% longer than the same period one year ago.

Kansas City's median square footage for active listings during the 2023-05-01 period was 2,373 sqft. One year prior, the average listing was 2,165 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.