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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 3.75% 3.75% 0.00
15 year fixed 3.08% 3.08% 0.00
5/1 ARM 3.00% 3.00% 0.00
30 yr fixed mtg refi 3.50% 3.50% 0.00
15 yr fixed mtg refi 3.08% 3.08% 0.00
7/1 ARM refi 3.63% 3.63% 0.00
15 yr jumbo fixed mtg refi 3.29% 3.25% +0.04

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: $139,200 (U.S. Census Bureau)
  • Loan Funding Rate: 56.89% (CFPB)
  • Average Mortgage Rate: 4.64% (FHFA)
  • Homeownership Rate: 67.3% (St. Louis Fed)
  • Median Monthly Homeownership Costs: $1,349 (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
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
20174.024.03
20184.644.56

Kansas Mortgages Overview

It’s typical to see lower home prices in the Midwest, and Kansas is no exception. The median home is listed at $190,000, while the national median is $289,000, according to Zillow data.

All Kansas counties have standard conforming loan limits of $510,400, but a handful have FHA loan limits that are just slightly higher than the average $331,760. Those counties are Johnson, Leavenworth, Linn, Miami and Wyandotte with an FHA loan limit of $351,900.

Conforming and FHA Loan Limits by County

CountyConforming LimitFHA Limit
Allen$510,400$331,760
Anderson$510,400$331,760
Atchison$510,400$331,760
Barber$510,400$331,760
Barton$510,400$331,760
Bourbon$510,400$331,760
Brown$510,400$331,760
Butler$510,400$331,760
Chase$510,400$331,760
Chautauqua$510,400$331,760
Cherokee$510,400$331,760
Cheyenne$510,400$331,760
Clark$510,400$331,760
Clay$510,400$331,760
Cloud$510,400$331,760
Coffey$510,400$331,760
Comanche$510,400$331,760
Cowley$510,400$331,760
Crawford$510,400$331,760
Decatur$510,400$331,760
Dickinson$510,400$331,760
Doniphan$510,400$331,760
Douglas$510,400$331,760
Edwards$510,400$331,760
Elk$510,400$331,760
Ellis$510,400$331,760
Ellsworth$510,400$331,760
Finney$510,400$331,760
Ford$510,400$331,760
Franklin$510,400$331,760
Geary$510,400$331,760
Gove$510,400$331,760
Graham$510,400$331,760
Grant$510,400$331,760
Gray$510,400$331,760
Greeley$510,400$331,760
Greenwood$510,400$331,760
Hamilton$510,400$331,760
Harper$510,400$331,760
Harvey$510,400$331,760
Haskell$510,400$331,760
Hodgeman$510,400$331,760
Jackson$510,400$331,760
Jefferson$510,400$331,760
Jewell$510,400$331,760
Johnson$510,400$351,900
Kearny$510,400$331,760
Kingman$510,400$331,760
Kiowa$510,400$331,760
Labette$510,400$331,760
Lane$510,400$331,760
Leavenworth$510,400$351,900
Lincoln$510,400$331,760
Linn$510,400$351,900
Logan$510,400$331,760
Lyon$510,400$331,760
Mcpherson$510,400$331,760
Marion$510,400$331,760
Marshall$510,400$331,760
Meade$510,400$331,760
Miami$510,400$351,900
Mitchell$510,400$331,760
Montgomery$510,400$331,760
Morris$510,400$331,760
Morton$510,400$331,760
Nemaha$510,400$331,760
Neosho$510,400$331,760
Ness$510,400$331,760
Norton$510,400$331,760
Osage$510,400$331,760
Osborne$510,400$331,760
Ottawa$510,400$331,760
Pawnee$510,400$331,760
Phillips$510,400$331,760
Pottawatomie$510,400$331,760
Pratt$510,400$331,760
Rawlins$510,400$331,760
Reno$510,400$331,760
Republic$510,400$331,760
Rice$510,400$331,760
Riley$510,400$331,760
Rooks$510,400$331,760
Rush$510,400$331,760
Russell$510,400$331,760
Saline$510,400$331,760
Scott$510,400$331,760
Sedgwick$510,400$331,760
Seward$510,400$331,760
Shawnee$510,400$331,760
Sheridan$510,400$331,760
Sherman$510,400$331,760
Smith$510,400$331,760
Stafford$510,400$331,760
Stanton$510,400$331,760
Stevens$510,400$331,760
Sumner$510,400$331,760
Thomas$510,400$331,760
Trego$510,400$331,760
Wabaunsee$510,400$331,760
Wallace$510,400$331,760
Washington$510,400$331,760
Wichita$510,400$331,760
Wilson$510,400$331,760
Woodson$510,400$331,760
Wyandotte$510,400$351,900

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 3.75%.

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.

The average jumbo loan rate in Kansas is 3.91%.

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 a 5/1 ARM in Kansas is 3.63%.

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 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 2017 5-Year American Community Survey, Informa, Bankrate, government websites, SmartAsset