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Kansas Mortgage Rates

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Use SmartAsset's mortgage comparison tool to compare mortgage rates from the top banks 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 and Wichita’s aviation past. When it comes to real estate, you will find that Kansas mortgage rates are usually below the national average.

Today's Mortgage Rates in Kansas

Product Today Last Week Change
30 year fixed 4.75% 4.66% +0.09
15 year fixed 4.25% 4.31% -0.06
5/1 ARM 4.48% 4.40% +0.08
30 yr fixed mtg refi 4.70% 4.66% +0.04
15 yr fixed mtg refi 4.31% 4.31% 0.00
7/1 ARM refi 4.60% 4.56% +0.04
15 yr jumbo fixed mtg refi 4.49% 4.39% +0.10

National Mortgage Rates

Source: Freddie Mac Primary Mortgage Market Survey, SmartAsset Research
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Kansas Mortgage Rates Quick Facts
  • Median Home Value: $133,200 (Zillow)
  • Loan Funding Rate: 67.6% (CFPB)
  • Average Mortgage Rate: 4.00% (Freddie Mac)
  • Homeownership Rate: 66.3% (St. Louis Fed)
  • Median Monthly Homeownership Costs: $1,284 (U.S. Census Bureau)

Historical Mortgage Rates in Kansas

Kansas mortgage rates have been historically lower than the national average, a trend that continues.

Kansas Historic Mortgage Rates

YearKansas RateU.S. Rate
198213.9414.73
198312.1712.26
198412.0611.99
198510.8311.17
19869.799.79
19878.998.95
19889.088.98
19899.769.81
19909.939.74
19919.289.07
19927.887.83
19936.696.93
19947.287.31
19957.777.69
19967.637.58
19977.527.52
19986.956.97
19997.037.14
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

Kansas Mortgages Overview

It’s typical to see lower home prices in the Midwest, and Kansas is no exception. The median home is valued at $135,200 while the national median is $213,100 according to Zillow.

All Kansas counties have standard conforming loan limits of $453,100, but a handful have FHA loan limits that are just slightly higher than the average $294,515. Those counties are Johnson, Leavenworth, Linn, Miami and Wyandotte with an FHA loan limit of $318,550.

Conforming and FHA Loan Limits by County

CountyConforming LimitFHA Limit
Allen$453,100$294,515
Anderson$453,100$294,515
Atchison$453,100$294,515
Barber$453,100$294,515
Barton$453,100$294,515
Bourbon$453,100$294,515
Brown$453,100$294,515
Butler$453,100$294,515
Chase$453,100$294,515
Chautauqua$453,100$294,515
Cherokee$453,100$294,515
Cheyenne$453,100$294,515
Clark$453,100$294,515
Clay$453,100$294,515
Cloud$453,100$294,515
Coffey$453,100$294,515
Comanche$453,100$294,515
Cowley$453,100$294,515
Crawford$453,100$294,515
Decatur$453,100$294,515
Dickinson$453,100$294,515
Doniphan$453,100$294,515
Douglas$453,100$294,515
Edwards$453,100$294,515
Elk$453,100$294,515
Ellis$453,100$294,515
Ellsworth$453,100$294,515
Finney$453,100$294,515
Ford$453,100$294,515
Franklin$453,100$294,515
Geary$453,100$294,515
Gove$453,100$294,515
Graham$453,100$294,515
Grant$453,100$294,515
Gray$453,100$294,515
Greeley$453,100$294,515
Greenwood$453,100$294,515
Hamilton$453,100$294,515
Harper$453,100$294,515
Harvey$453,100$294,515
Haskell$453,100$294,515
Hodgeman$453,100$294,515
Jackson$453,100$294,515
Jefferson$453,100$294,515
Jewell$453,100$294,515
Johnson$453,100$318,550
Kearny$453,100$294,515
Kingman$453,100$294,515
Kiowa$453,100$294,515
Labette$453,100$294,515
Lane$453,100$294,515
Leavenworth$453,100$318,550
Lincoln$453,100$294,515
Linn$453,100$318,550
Logan$453,100$294,515
Lyon$453,100$294,515
Mcpherson$453,100$294,515
Marion$453,100$294,515
Marshall$453,100$294,515
Meade$453,100$294,515
Miami$453,100$318,550
Mitchell$453,100$294,515
Montgomery$453,100$294,515
Morris$453,100$294,515
Morton$453,100$294,515
Nemaha$453,100$294,515
Neosho$453,100$294,515
Ness$453,100$294,515
Norton$453,100$294,515
Osage$453,100$294,515
Osborne$453,100$294,515
Ottawa$453,100$294,515
Pawnee$453,100$294,515
Phillips$453,100$294,515
Pottawatomie$453,100$294,515
Pratt$453,100$294,515
Rawlins$453,100$294,515
Reno$453,100$294,515
Republic$453,100$294,515
Rice$453,100$294,515
Riley$453,100$294,515
Rooks$453,100$294,515
Rush$453,100$294,515
Russell$453,100$294,515
Saline$453,100$294,515
Scott$453,100$294,515
Sedgwick$453,100$294,515
Seward$453,100$294,515
Shawnee$453,100$294,515
Sheridan$453,100$294,515
Sherman$453,100$294,515
Smith$453,100$294,515
Stafford$453,100$294,515
Stanton$453,100$294,515
Stevens$453,100$294,515
Sumner$453,100$294,515
Thomas$453,100$294,515
Trego$453,100$294,515
Wabaunsee$453,100$294,515
Wallace$453,100$294,515
Washington$453,100$294,515
Wichita$453,100$294,515
Wilson$453,100$294,515
Woodson$453,100$294,515
Wyandotte$453,100$318,550

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 mortgage rate for fixed-rate 30-year mortgages is 4.8%.

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 $453,100 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.

The average jumbo loan rate in Kansas is 4.5%.

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.

The average rate for an ARM in Kansas is 4.5%.

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

Resource Problem or Issue Who Qualifies Website
Kansas Housing Resources Corporation Forgivable 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. http://www.kshousingcorp.org/1new-page.aspx
Kansas Housing Assistance Program Lowering costs for first-time homebuyers; down payment and closing cost assistance. First-time homebuyers who meet eligibility and income requirements. http://kshap.org/
USDA Rural Development - Single family loans Offers 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. http://www.rd.usda.gov/programs-services/all-programs/single-family-housing-programs
Home Affordable Refinance Program Refinancing. Single-family homes and condos that fit within lending loan limits. http://www.harp.gov/

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.

Also note that Kansas charges a 0.26% mortgage fee on real estate transactions. 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 can start with the Home Affordable Refinance Program of Kansas. Eligible homeowners can receive low closing costs plus a reduction in monthly principal and interest payments. HARP accepts single family homes and condos for refinance assistance.

If you don’t qualify for a program, remember you always have the option of working with the lender who issued your current mortgage and comparing 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 mortgage map highlights the best counties in the country (and in each state) for securing a mortgage. Hover over counties and states to see data points for each region, or use the map’s tabs to view the top counties for each of the factors driving our analysis.

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

Methodology For many people buying a house means securing a mortgage. To determine the best places in the country to get a mortgage we looked at four factors: overall borrowing costs, ease of securing a mortgage, cheap property taxes and cheap annual mortgage payments.

To calculate the overall borrowing costs, we looked at the expected costs over the first five years of 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 actual mortgage originations (secured mortgages) in each county. We based annual mortgage payments on 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, and then averaged those rankings, 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 2016 5-Year American Community Survey, Informa, Bankrate, government websites, SmartAsset