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Top Kansas City Lenders
We've partnered with trusted local and national lenders to bring you the most competitive mortgage rates and terms
First State Bank Mortgage
Established local bank with deep Kansas City roots, offering personalized service and competitive rates for all loan types.
Midtown Equity Mortgage, LLC.
Specialized mortgage lender focused on helping Kansas City families achieve homeownership with flexible loan options.
National Mortgage Center
National lender with local Kansas City presence, offering comprehensive mortgage solutions and competitive rates.
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Rates
Data provided by 3rd party RateUpdate.com
30-year fixed average:
6.765%
A home loan with a repayment term of 30 years and an interest rate that remains the same throughout the life of the loan.
Location
Purchase price
Down payment (20%)
Los Angeles, CA
$1,250,000
$250,000
Information based on recent search activity. Purchase price and down payment are averages for the location.
30-year fixed
NMLS 2578474
APR
6.458%
Payment
$6,239/mo
Rate
6.375%
Fees
$8,750
Includes 0.875 points ($8,750)
30-year fixed
NMLS 1025894
APR
6.462%
Payment
$6,239/mo
Rate
6.375%
Fees
$9,160
Includes 0.846 points ($8,460)
30-year fixed
NMLS 409631
APR
6.592%
Payment
$6,321/mo
Rate
6.500%
Fees
$9,600
Includes 0.960 points ($9,600)
15-year fixed
NMLS 2578474
APR
5.702%
Payment
$8,238/mo
Rate
5.625%
Fees
$5,000
Includes 0.500 points ($5,000)
15-year fixed
NMLS 1025894
APR
6.363%
Payment
$8,575/mo
Rate
6.250%
Fees
$7,190
Includes 0.649 points ($6,490)
15-year fixed
NMLS 401822
APR
6.543%
Payment
$8,575/mo
Rate
6.250%
Fees
$18,750
Includes 0.875 points ($8,750)
Shop around for providers based on your financial criteria
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.
Find a lender who can offer you competitive mortgage rates.
Home loan options
Loan type
Income requirements
Down payment
Credit score
Assumable mortage
30-year fixed
Conventional loan income requirements vary by lender.
Min. 3%
650+
FHA 30-year fixed
No minimum income is required. Needs proof of steady income for the past two years.
Min. 3.5%
Min. 10%
580+
500 to 579
Requires an income of less than 115% of what's typical for the area.
No down payment required.
No minimum
Can be no minimum but it varies by lender.
Income requirements vary by lender.
No down payment required.
No minimum
5/1 ARM
Fixed rate for the first five years, then adjustable once a year.
Income requirements vary by lender.
Min. 5%
580 to 620
Common terms
Assumable mortgage
Unlike a traditional mortgage, an assumable mortgage is passed directly from seller to buyer, bringing its remaining balance and interest rate with it. Only FHA, VA, and USDA mortgages can be assumed. Some eligibility requirements may apply, and down payments can often exceed 20% if a property has appreciated in value since the start of its mortgage.
Bi-weekly mortgage
A bi-weekly mortgage is a mortgage in which the borrower makes half of their monthly mortgage payment every two weeks, rather than paying the full payment amount once every month. So if you paid monthly and your monthly mortgage payment was $1,000, then for a year you would make 12 payments of $1,000 each, for a total of $12,000. But with a bi-weekly mortgage, you would make 26 payments of $500 each, for a total of $13,000 for the year. This can help the borrower pay off their mortgage loan sooner and reduces the total amount of interest paid over the life of the loan.).
Borrower
A borrower is a person who takes out a loan from a lender. For a mortgage loan, the borrower often is also referred to as the mortgagor (and the bank or lender the mortgagee).
Conventional loan
A conventional loan is a type of mortgage that is not insured or guaranteed by the government.
Debt-to-income ratio
A debt-to-income ratio is a factor looked at by lenders when qualifying a borrower for a mortgage loan. The DTI is a number that lenders use to determine how well a borrower can handle their monthly debts. Your debt-to-income ratio is the number you get when you divide your monthly debt payments by your monthly gross income. Many lenders will want to see that your DTI is 36% or lower.
Down payment
A down payment is that portion of the purchase price of a home that the buyer pays upfront; usually the balance of the purchase price that is needed to buy the home is borrowed from a lender by way of a mortgage loan.
Homeowners insurance
Homeowners insurance is a type of property insurance. It protects you from damage (for example, from fire) to your home or possessions. Homeowners insurance also provides liability insurance against claims by people who might be injured due to accidents in your home or on the property.
Interest-only mortgage
An interest-only mortgage is a type of loan in which the borrower only pays interest on the principal balance for a set time, usually five to seven years. At the end of the interest-only period, the borrower must either pay the principal back entirely or begin making payments of both principal and interest.
Loan, and Mortgage Loan
A loan is money that is borrowed by one person or company from another, under an agreement whereby the borrower promises to re-pay the loan amount to the lender, usually plus interest. A mortgage loan is a type of loan for buying or financing real estate, where the borrower agrees that if they fail to repay the loan as promised then the lender may sell the real estate in order to recover the un-paid loan amount(s) out of the sale proceeds (in a process called foreclosure).
Loan-to-value ratio (LTV)
The loan-to-value ratio (or. LTV) is a factor looked at by lenders when qualifying a borrower for a mortgage loan. The LTV compares the amount of a loan to the value of the asset being financed: the amount you are borrowing divided by the price of the property being purchased or financed. So the LTV is 66.66% on a $300,000 house where the amount being borrowed to purchase it is $200,000 (meaning the down payment is $100,000). The lower your LTV the easier it will be to qualify for a mortgage loan. For example, many conventional loans require that your LTV be no higher than 80%. Of course, the greater your down payment amount, the better/higher your LTV will be.
Payment
A payment is an action that transfers money from one person or entity to another. Payments can be made in various ways, such as with physical currency, such as coins or bills, with a check (personal, cahiers, or otherwise) or with electronic forms of payment, such as debit or credit cards or electronic funds transfers (a transfer effected digitally, from one bank account to another).
Real estate
Real estate is land, or a parcel of land, either vacant (un-improved) or improved with structures such as a house, apartment building, commercial building, etc. Real estate, especially once it is thus “improved,” can serve as a place of business or residence and can be used to produce income, such as through renting or leasing. Real estate also can refer to a particular kind of legal interest in a land parcel (whether or not improved), such as ownership or entitlement to occupancy under a lease.
Reverse mortgage
A reverse mortgage is a type of loan that allows seniors to borrow against the value of their homes. The loan does not have to be repaid until the borrower moves, sells, or dies.
Step-by-step Guide
A step-by-step guide is a guide that takes you through the process of doing something, usually in a series of easy-to-follow, sequential steps.
The Federal Housing Administration (FHA), FHA Loan
The Federal Housing Administration (FHA) is an agency of the U.S. government. An FHA loan is a mortgage loan that is issued by banks and other commercial lenders but guaranteed by the FHA against a borrower’s default. FHA loans make home ownership more possible for borrowers than it otherwise would be through conventional mortgage loans, because an FHA loan permits relatively low down payments, limits closing costs the borrower pays, and is accessible to borrowers who have a relatively lower credit score. These features make an FHA loan particularly useful for many first-time homebuyers who have not yet saved enough for the amount of down payments that commercial lenders usually require for a conventional loan.
Veterans Affairs Department (VA), VA loan
The Veterans Affairs Department (VA) is an agency of the U.S. government. A VA loan is a mortgage loan that is available to current and former members of the military (and select military spouses), issued by banks and other commercial lenders, but guaranteed by the VA against a borrower’s default. VA loans make home ownership more possible for borrowers than it otherwise would be through conventional mortgage loans, primarily because a VA loan does not require any down payment. Additionally, interest rates offered for VA loans often turn out to be lower than those offered for conventional loans.
Looking for the best mortgage? Let realtor.com® help you successfully navigate the world of home finance. Our mortgage center offers several financial calculators, free tools, and lending products to help you through the mortgage process. Use our home affordability calculator to help you figure out how much home you can afford. With our mortgage calculator, you can estimate your monthly payments. Is it better to rent or buy? Realtor.com® can help you make the best home finance decision with our useful rent vs. buy calculator, which helps you estimate the difference between renting a property or buying a home over time. Before you start searching for the perfect home loan, find the best mortgage rates and loans at realtor.com®. For additional resources and advice, browse our extensive library of finance articles and get the information needed about mortgage rates, mortgage lenders, credit scores, home insurance and refinance.