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Kansas Mortgage Rates

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Use SmartAsset's mortgage rate comparison tool to compare mortgage rates from the top lenders and find the one that best suits your needs.

Overview of Kansas Mortgages

This true heartland state has plenty to offer, from wide, open prairie and wheat fields to Hutchinson’s Cosmosphere and Space Center, along with Wichita’s aviation past. When it comes to real estate, you will find that Kansas mortgage rates are above the national average, though they've historically been lower than it.

Today's Mortgage Rates in Kansas

Product Today Last Week Change
30 year fixed 3.13% 3.17% -0.04
15 year fixed 2.25% 2.28% -0.03
5/1 ARM 3.00% 3.00% 0.00
30 yr fixed mtg refi 2.98% 2.98% 0.00
15 yr fixed mtg refi 2.16% 2.16% +0.00
7/1 ARM refi 3.63% 3.63% 0.00
15 yr jumbo fixed mtg refi 2.46% 2.46% -0.01

National Mortgage Rates

Source: Freddie Mac Primary Mortgage Market Survey, SmartAsset Research
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Historical Mortgage Rates in Kansas

Photo Credit: ©iStock.com/Ricardo Reitmeyer

Kansas Mortgage Rates Quick Facts

  • Median Home Value: $163,200 (U.S. Census Bureau)
  • Loan Funding Rate: 58.82% (CFPB)
  • Homeownership Rate: 69.2% (St. Louis Fed)
  • Median Monthly Homeownership Costs: $1,378 (U.S. Census Bureau)

Kansas mortgage rates have been historically lower than the national average, a trend that has changed slightly recently.

A financial advisor in Kansas can help you plan for the homebuying process. Financial advisors can also help with investing and financial plans, including tax, retirement and estate planning, to make sure you are preparing for the future.

Kansas Historic Mortgage Rates*

YearKansas RateU.S. Rate
20007.907.86
20016.946.94
20026.546.44
20035.695.67
20045.725.68
20055.785.85
20066.276.54
20076.146.42
20085.836.06
20095.035.05
20104.774.81
20114.284.56
20123.583.65
20133.783.84
20144.114.13
20153.773.88
20163.683.73
20174.024.03
20184.644.56

*The FHFA stopped reporting new data in 2018.

Kansas Mortgages Overview

It’s typical to see lower home prices in the Midwest, and Kansas is no exception. The median home value is $163,200, while the national median is $240,500.

All Kansas counties have standard conforming loan limits of $548,250, but a handful have FHA loan limits that are just slightly higher than the standard $356,362. Those counties are Johnson, Leavenworth, Linn, Miami and Wyandotte with an FHA loan limit of $389,850.

Conforming and FHA Loan Limits by County

CountyConforming LimitFHA Limit
Allen$548,250$356,362
Anderson$548,250$356,362
Atchison$548,250$356,362
Barber$548,250$356,362
Barton$548,250$356,362
Bourbon$548,250$356,362
Brown$548,250$356,362
Butler$548,250$356,362
Chase$548,250$356,362
Chautauqua$548,250$356,362
Cherokee$548,250$356,362
Cheyenne$548,250$356,362
Clark$548,250$356,362
Clay$548,250$356,362
Cloud$548,250$356,362
Coffey$548,250$356,362
Comanche$548,250$356,362
Cowley$548,250$356,362
Crawford$548,250$356,362
Decatur$548,250$356,362
Dickinson$548,250$356,362
Doniphan$548,250$356,362
Douglas$548,250$356,362
Edwards$548,250$356,362
Elk$548,250$356,362
Ellis$548,250$356,362
Ellsworth$548,250$356,362
Finney$548,250$356,362
Ford$548,250$356,362
Franklin$548,250$356,362
Geary$548,250$356,362
Gove$548,250$356,362
Graham$548,250$356,362
Grant$548,250$356,362
Gray$548,250$356,362
Greeley$548,250$356,362
Greenwood$548,250$356,362
Hamilton$548,250$356,362
Harper$548,250$356,362
Harvey$548,250$356,362
Haskell$548,250$356,362
Hodgeman$548,250$356,362
Jackson$548,250$356,362
Jefferson$548,250$356,362
Jewell$548,250$356,362
Johnson$548,250$389,850
Kearny$548,250$356,362
Kingman$548,250$356,362
Kiowa$548,250$356,362
Labette$548,250$356,362
Lane$548,250$356,362
Leavenworth$548,250$389,850
Lincoln$548,250$356,362
Linn$548,250$389,850
Logan$548,250$356,362
Lyon$548,250$356,362
Mcpherson$548,250$356,362
Marion$548,250$356,362
Marshall$548,250$356,362
Meade$548,250$356,362
Miami$548,250$389,850
Mitchell$548,250$356,362
Montgomery$548,250$356,362
Morris$548,250$356,362
Morton$548,250$356,362
Nemaha$548,250$356,362
Neosho$548,250$356,362
Ness$548,250$356,362
Norton$548,250$356,362
Osage$548,250$356,362
Osborne$548,250$356,362
Ottawa$548,250$356,362
Pawnee$548,250$356,362
Phillips$548,250$356,362
Pottawatomie$548,250$356,362
Pratt$548,250$356,362
Rawlins$548,250$356,362
Reno$548,250$356,362
Republic$548,250$356,362
Rice$548,250$356,362
Riley$548,250$356,362
Rooks$548,250$356,362
Rush$548,250$356,362
Russell$548,250$356,362
Saline$548,250$356,362
Scott$548,250$356,362
Sedgwick$548,250$356,362
Seward$548,250$356,362
Shawnee$548,250$356,362
Sheridan$548,250$356,362
Sherman$548,250$356,362
Smith$548,250$356,362
Stafford$548,250$356,362
Stanton$548,250$356,362
Stevens$548,250$356,362
Sumner$548,250$356,362
Thomas$548,250$356,362
Trego$548,250$356,362
Wabaunsee$548,250$356,362
Wallace$548,250$356,362
Washington$548,250$356,362
Wichita$548,250$356,362
Wilson$548,250$356,362
Woodson$548,250$356,362
Wyandotte$548,250$389,850

Kansas has lenient disclosure laws for sellers compared to the rest of the nation. If you’re shopping for a home in Kansas, it’s critical that buyers be vigilant when considering a property purchase. The best course of action is to arrange a property inspection with a well-trusted inspector or company. This will protect you from purchasing a home that has devastating defects.

30-Year Fixed Mortgage Rates in Kansas

Fixed-rate mortgages are the most common type of home loans. Interest rates that remain the same for the duration of the loan make it easier to budget for monthly payments. That means you know exactly what you are getting into when you sign the loan and your monthly payments will stay steady over the years. The most popular are 30-year fixed-rate mortgages which tend to have higher interest rates but lower monthly payments. Another option is a 15-year loan. These generally have lower interest rates but higher payments.

The average Kansas rate for a fixed 30-year mortgage is 2.75% (Zillow, Jan. 2021).

Kansas Jumbo Loan Rates

Homes in the nation’s bread basket are generally more affordable than the average American home, so the conforming loan limit is the standard $484,350 across all counties. If you need to take out a bigger loan that than for the house you have your eye on, you will have what is considered a jumbo loan. Keep in mind that jumbo loans have higher interest rates. Issuing a loan that is bigger than the conforming loan limit presents a bigger risk for lenders. Banks attach higher interest rates to jumbo loans in an effort to compensate for the additional risk. However, jumbo loan average in Kansas are actually lower right now.

The average jumbo loan rate in Kansas is 2.60% (Zillow, Jan. 2021).

Kansas ARM Loan Rates

An adjustable-rate mortgage (ARM) is a loan that typically offers a lower interest rate up front than a fixed-rate mortgage. The lower rate is available for a period of one, three, five, seven or 10 years. Once that period is over, the interest rate will usually go up once a year. There are certain checks in place, however, to prevent buyers who choose ARMs from suddenly waking up to an exorbitant interest rate. The loan’s terms will specify how often the rate can go up and the maximum possible height that it can reach. It is crucial to check that interest rate cap and make sure that it is one you can afford to pay before you decide that an ARM is the best choice for you. Strangely enough, ARM rates are currently higher than their fixed counterparts.

The average rate for a 5/1 ARM in Kansas is 3.07% (Zillow, Jan. 2021).

Kansas Mortgage Resources

If you need assistance buying a house in the Sunflower State, the Kansas Housing Resources Corporation has forgivable loans for first-time homebuyers to reduce out-of-pocket expenses associated with buying a home. If you’re a homeowner, you can also weatherize your home for more efficient heating and cooling with the weatherization assistance program. For buyers who don’t qualify for federal housing assistance, the Moderate Income Housing program can help you access loans and grants.

First-time homeowners can also receive assistance from the Kansas Housing Assistance Program. When you buy a house, purchasing costs can add up fast. But if you’re buying your first home and you’re eligible, you can get up to 4% borrower cash for a down payment and closing costs with this program. They also offer unlimited funding and 30-year fixed-rate loans with high loan-to-value loans, so no matter where in Kansas you’re looking, this is a great resource for those just starting out.

Available Resources

ResourceProblem or IssueWho Qualifies
Kansas Housing Resources CorporationForgivable loans for first-time homebuyers; weatherization help; moderate income solutions.First-time homebuyers, homeowners who meet eligibility requirements for weatherization updates, moderate-income families who don't qualify for federal housing assistance; minimum credit score of 660.
Kansas Housing Assistance ProgramLowering costs for first-time homebuyers; down payment and closing cost assistance.First-time homebuyers who meet eligibility and income requirements.
USDA Rural Development - Single family loansOffers payment assistance to increase an applicant’s repayment ability.Applicants must be without decent, safe and sanitary housing; Be unable to obtain a loan from other resources on terms and conditions that can reasonably be expected to meet; Agree to occupy the property as your primary residence; Have the legal capacity to incur a loan obligation; Meet citizenship or eligible noncitizen requirements; Not be suspended or debarred from participation in federal programs.

The United States Department of Agriculture Rural Development program also offers loan help and mortgage grants throughout the entire country. The program aims to help develop more rural areas of a state while offering safe, affordable housing for residents. Kansas has grants and loans available for home repairs as well as loan assistance programs for those who qualify.

Kansas Mortgage Taxes

Homeowners are allowed to deduct the mortgage interest they pay when they file their federal income taxes. This applies for Kansas state income taxes as well. You can double up on your deductions for the qualifying mortgage interest payments you have made in the tax year by including them on both state and federal filings. Kansas generally follows federal guidelines for itemized deductions.

In previous years, Kansas charged a 0.26% mortgage fee on real estate transactions, but that's no longer the case as of Jan. 1, 2019. A bonus for Kansas buyers and sellers, this state doesn’t charge taxes on real estate property title transfers, so you won’t have to pay a fee for that.

Kansas Mortgage Refinance

If it’s time to refinance, you have a couple of options. The Home Affordable Refinance Program (HARP) is no longer available, but Fannie Mae currently offers its own alternative, providing qualifying applicants access to interest and principal payment reductions as well as low closing costs.

If you don’t qualify for either of these, remember you always have the option of working with the lender who issued your current mortgage and comparing refinance rates with other lenders to ensure that you land on a solution that really works for your situation.

Best Places To Get A Mortgage

SmartAsset’s interactive map highlights the best counties in the U.S. (and in each state) for securing a home mortgage. Hover over states and counties to see rankings and data points for each region, or use the map’s tabs to view the top counties for each of the factors included in our analysis.

Worst
Better
Rank County Loan Funding Rate 5 Year Borrowing Costs Property Tax Annual Mortgage Payment

Methodology In order to determine the best places in the country to get a mortgage, our study compared four factors, including overall borrowing costs, likelihood of securing a mortgage, property taxes and annual mortgage payments.

To calculate the overall borrowing costs, we analyzed the expected costs throughout the first five years for a $200,000 mortgage with a 20% down payment, including closing costs. We calculated the ease of getting a mortgage as the ratio of mortgage applications to mortgage originations (secured mortgages) in each county. Annual mortgage payments are a measure of the annual principal and interest payments for a $200,000 loan in that location using average mortgage rates in each county.

Finally, we ranked locations based on these four factors, giving equal weight to each factor. The areas with the lowest average rankings are the best places to get a mortgage.

Sources: Mortgage Bankers Association, US Census Bureau 2018 5-Year American Community Survey, Informa, Bankrate, government websites, SmartAsset