Kansas VA Loan Rates, Closing Costs & Stats

Kansas

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 VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Kansas averaged 6.79% for the week of 2024-04-12, compared to the national average (all VA variants) of 6.574% for the same period.

Kansas's average VA mortgage closing costs are $5,255.

The average rate for the prior week (2024-04-05) was 6.44% and one month ago for the week of 2024-03-08, the average rate was 6.57%.

The average rate one year ago was 5.86%.

For refis of the same type during the week of 2024-04-12, the average rate was 6.97%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Kansas 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 level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
Mortgage Research Center, LLC 866 6.78% $5,546
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 209 6.60% $5,882
QUICKEN LOANS, LLC 186 6.26% $8,952
NAVY FEDERAL CREDIT UNION 180 5.89% $5,370
USAA Federal Savings Bank 131 6.21% $6,836
UNITED WHOLESALE MORTGAGE, LLC 123 6.44% $8,240
FLAT BRANCH MORTGAGE, INC. 103 6.60% $7,750
PENNYMAC LOAN SERVICES, LLC 81 5.92% $6,990
Exchange Bank 78 6.18% $6,638
PENTAGON FEDERAL CREDIT UNION 76 5.82% $8,000
NEW DAY FINANCIAL, LLC 68 7.45% $10,222
FREEDOM MORTGAGE CORPORATION 63 6.59% $14,487
LOANDEPOT.COM, LLC 53 6.42% $9,590
CROSSCOUNTRY MORTGAGE, LLC 53 6.80% $7,499
Landmark National Bank 51 6.63% $4,961
NBKC BANK 48 5.98% $5,583
Gateway First Bank 37 6.37% $5,853
Fidelity Bank 37 6.55% $7,539
Armed Forces Bank 36 6.27% $6,992
Mr. Cooper ( Nationstar Mortgage ) 35 6.17% $11,982
NBH Bank 34 6.19% $5,921
Sierra Pacific Mortgage Company, Inc. 33 6.47% $8,044
MORTGAGE SOLUTIONS OF COLORADO, LLC 32 7.50% $2,653
OPEN MORTGAGE, LLC 30 6.56% $6,549
Plains Commerce Bank 30 6.34% $6,957
The Federal Savings Bank 28 6.51% $13,039
PLANET HOME LENDING, LLC 28 6.61% $7,919
Prosperity Home Mortgage, LLC 28 6.45% $7,671
PRIMELENDING, A PLAINSCAPITAL COMPANY 27 6.78% $6,894
Barrington Bank & Trust Company, N.A. 26 6.50% $6,293
NEWREZ LLC 26 6.68% $10,373
AMERISAVE MORTGAGE CORPORATION 26 5.96% $14,318
First State Bank of St. Charles, Missouri 26 6.38% $7,100
Flagstar Bank, FSB 26 6.50% $8,069
ARK-LA-TEX FINANCIAL SERVICES, LLC. 25 6.51% $9,134
Neighborhood Loans, Inc. 23 6.88% $10,031
LEADERONE FINANCIAL CORPORATION 21 6.72% $10,225
Sunflower Bank 20 5.85% $6,794
BROKER SOLUTIONS, INC. 20 6.71% $10,421
Central National Bank 20 6.52% $2,394
GUILD MORTGAGE COMPANY 20 6.48% $9,800
GUARANTEED RATE, INC. 19 6.29% $8,231
ENDEAVOR CAPITAL, LLC. 19 6.36% $6,460
COMMUNITYAMERICA 18 6.33% $6,993
Community First National Bank 18 6.71% $6,096
Equity Prime Mortgage LLC 18 7.06% $7,013
PRIMARY RESIDENTIAL MORTGAGE, INC. 16 6.91% $8,191
MOVEMENT MORTGAGE, LLC 15 6.72% $4,471
ACADEMY MORTGAGE CORPORATION 15 6.78% $6,880
Intrust Bank 14 6.02% $3,309
Regent Financial Group, Inc. 14 6.66% $11,772
The Central Trust Bank 14 6.26% $9,389
Mortgage Investment Services Corporation 14 6.88% $5,029
Bell Bank 13 6.33% $8,177
US MORTGAGE CORPORATION 13 6.75% $7,849
BAYSHORE MORTGAGE FUNDING, LLC 12 6.54% $8,511
Wells Fargo Bank 12 5.92% $4,495
Arvest Bank 10 6.39% $4,072
MUTUAL OF OMAHA MORTGAGE, INC. 10 6.31% $12,960
U.S. Bank 10 6.71% $6,765
Old National Bank 10 6.10% $8,790
First Bank 10 6.53% $5,697
HOMESIDE FINANCIAL, LLC 9 6.39% $8,400
CMG MORTGAGE, INC. 9 5.97% $12,559
DAS Acquisition Company, LLC 8 7.11% $4,330
Community National Bank & Trust 8 6.91% $8,178
Academy Bank 8 6.52% $8,386
LAKEVIEW LOAN SERVICING, LLC 7 6.52% $14,505
North American Savings Bank, F.S.B. 7 6.14% $4,595
VANDERBILT MORTGAGE AND FINANCE, INC. 6 6.17% $4,148
Paramount Residential Mortgage Group, Inc. 6 6.48% $6,743
United Fidelity Funding Corp. 6 6.92% $15,738
The Loan Store, Inc. 6 6.94% $10,295
American Mortgage & Equity Consultants, Inc. 6 6.17% $8,850
CREDIT UNION OF AMERICA 6 6.77% $6,052
Magnolia Bank 6 6.21% $14,935
Members Mortgage Services, L.L.C. 6 6.29% $8,479
MID AMERICA MORTGAGE, INC. 6 6.98% $3,506
COMMUNITY MORTGAGE, LLC 6 6.04% $3,723
CARDINAL FINANCIAL 5 6.20% $11,680
Mid-Continent Funding, Inc. 5 6.40% $5,985
SUMMIT FUNDING, INC. 5 6.48% $4,777
SUN WEST MORTGAGE COMPANY, INC. 5 6.38% $12,364
BAY EQUITY LLC 4 6.59% $6,668
First National Bank of Omaha 4 6.44% $5,881
UNION HOME MORTGAGE CORP. 4 6.59% $7,278
BOKF 4 7.25% $13,130
PREMIA MORTGAGE, LLC 4 5.78% $7,753
MEGASTAR FINANCIAL CORP. 4 6.78% $8,234
LOANPAL, LLC 4 6.56% $9,309
EVERETT FINANCIAL, INC. 4 6.81% $11,037
CALIBER HOME LOANS, INC. 3 5.83% $7,309
Nations Lending Corporation 3 6.54% $12,611
CORNERSTONE HOME LENDING, INC. 3 6.00% $12,966
SIRVA MORTGAGE, INC. 3 6.50% $3,734
BNC National Bank 3 5.83% $5,555
Farmers Bank & Trust 3 6.21% $8,143
VILLAGE CAPITAL MORTGAGE 3 6.50% $10,837
West Gate Bank 3 6.79% $8,636
Citizens Bank 3 6.04% $12,410
AMERICAN FINANCIAL NETWORK, INC. 3 7.17% $2,446
THRIVE MORTGAGE, LLC 3 6.58% $15,267
Waterstone Mortgage Corporation 3 6.63% $6,307
PLAZA HOME MORTGAGE, INC. 2 5.50% $6,995
FIRST COMMUNITY MORTGAGE, INC. 2 6.00% $9,104
First United Bank and Trust Company 2 5.94% $5,928
Fifth Third Bank 2 7.25% $3,107
GREENSTATE CREDIT UNION 2 6.25% $7,117
DELMAR FINANCIAL COMPANY 2 7.00% $6,682
HALLMARK HOME MORTGAGE, LLC 2 6.25% $11,713
Midwest Mortgage Associates Corporation 2 6.88% $4,168
CHURCHILL MORTGAGE CORPORATION 2 6.50% $12,807
M&T Bank 2 5.69% $6,318
Capitol Federal Savings Bank 2 7.19% $3,905
NexBank 2 6.44% $6,382
NFM, INC. 2 6.13% $6,781
Northpointe Bank 2 5.63% $12,058
Oakstar Bank 2 5.94% $4,802
PHH Mortgage Corporation 2 6.56% $7,220
PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.50% $10,106
RCB Bank 2 6.38% $6,443
ROYAL UNITED MORTGAGE LLC 2 6.94% $17,345
Servion, Inc. 2 6.63% $5,559
SUCCESS MORTGAGE PARTNERS, INC. 2 7.31% $5,460
UMB Bank 2 6.62% $4,652
AMERICAN FINANCIAL RESOURCES, INC. 2 7.19% $7,844
Bank of America 1 6.13% $2,326
Azura Credit Union 1 7.63% $650
OCMBC, INC. 1 7.13% $3,397
Hawthorn Bank 1 6.75% $2,831
AmeriHome Mortgage Company, LLC 1 4.99% $13,964
RELIANCE FIRST CAPITAL, LLC 1 6.50% $9,165
Renasant Bank 1 5.75% $10,071
Encompass Lending Group, LP 1 7.13% $4,545
S1L, Inc. 1 7.25% $19,328
SeaTrust Mortgage Company 1 6.63% $6,729
Great Southern Bank 1 6.25% $2,249
AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $15,519
Carrington Mortgage Services, LLC 1 5.13% $1,705
Fortress Bank 1 7.25% $4,837
Citibank 1 6.50% $6,543
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 5.75% $1,576
Mazuma Credit Union 1 6.38% $6,561
T2 FINANCIAL LLC 1 6.75% $13,576
LAND HOME FINANCIAL SERVICES, INC. 1 7.00% $7,905
AMERICAN FINANCING CORPORATION 1 5.25% $10,808
KANSAS STATE UNIVERSITY Federal Credit Union 1 7.50% $5,613
JPMorgan Chase Bank 1 6.63% $6,990
FirstTrust Home Loans, Inc. 1 6.75% $16,885
Ixonia Bank 1 6.75% $7,220
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 7.25% $2,375
First Federal Bank 1 6.63% $7,608
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.50% $5,494
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.25% $9,996
Pinnacle Bank 1 5.63% $15,314
Bank of the West 1 6.38% $10,461
Peak Financial 1 6.50% $10,037
PNC Bank 1 6.13% $14,915
BLACK HILLS FEDERAL CREDIT UNION 1 5.88% $4,481
ZILLOW HOME LOANS, LLC 1 6.25% $10,600
BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 6.25% $5,919

The top Kansas VA lender as defined by loan originations is Mortgage Research Center, LLC, with 866 VA loans originated. Their average total fees are $5,546, which is $336 lower than the next largest lender, FAIRWAY INDEPENDENT MORTGAGE CORPORATION.

The lowest fee Kansas VA lenders (with over 10 loans originated) are Central National Bank ($2,394), MORTGAGE SOLUTIONS OF COLORADO, LLC ($2,653), Intrust Bank ($3,309), Arvest Bank ($4,072) and MOVEMENT MORTGAGE, LLC ($4,471).

The lowest rate Kansas VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION (5.82%), Sunflower Bank (5.85%), NAVY FEDERAL CREDIT UNION (5.89%), Wells Fargo Bank (5.92%) and PENNYMAC LOAN SERVICES, LLC (5.92%).

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.