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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 4.88% 4.50% +0.38
15 year fixed 4.00% 3.63% +0.38
5/1 ARM 4.63% 3.00% +1.63
30 yr fixed mtg refi 7.49% 7.49% 0.00
15 yr fixed mtg refi 5.13% 5.00% +0.13
7/1 ARM refi 5.25% 5.13% +0.13
15 yr jumbo fixed mtg refi 3.08% 3.12% -0.03

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: 60.39% (CFPB)
  • Homeownership Rate: 69.5% (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 $647,200, but a handful have FHA loan limits that are just slightly higher than the standard $420,680. Those counties are Clark, Johnson, Leavenworth, Linn, Miami and Wyandotte with an FHA loan limit of $431,250.

Conforming and FHA Loan Limits by County

CountyConforming LimitFHA Limit
Allen$647,200$420,680
Anderson$647,200$420,680
Atchison$647,200$420,680
Barber$647,200$420,680
Barton$647,200$420,680
Bourbon$647,200$420,680
Brown$647,200$420,680
Butler$647,200$420,680
Chase$647,200$420,680
Chautauqua$647,200$420,680
Cherokee$647,200$420,680
Cheyenne$647,200$420,680
Clark$647,200$431,250
Clay$647,200$420,680
Cloud$647,200$420,680
Coffey$647,200$420,680
Comanche$647,200$420,680
Cowley$647,200$420,680
Crawford$647,200$420,680
Decatur$647,200$420,680
Dickinson$647,200$420,680
Doniphan$647,200$420,680
Douglas$647,200$420,680
Edwards$647,200$420,680
Elk$647,200$420,680
Ellis$647,200$420,680
Ellsworth$647,200$420,680
Finney$647,200$420,680
Ford$647,200$420,680
Franklin$647,200$420,680
Geary$647,200$420,680
Gove$647,200$420,680
Graham$647,200$420,680
Grant$647,200$420,680
Gray$647,200$420,680
Greeley$647,200$420,680
Greenwood$647,200$420,680
Hamilton$647,200$420,680
Harper$647,200$420,680
Harvey$647,200$420,680
Haskell$647,200$420,680
Hodgeman$647,200$420,680
Jackson$647,200$420,680
Jefferson$647,200$420,680
Jewell$647,200$420,680
Johnson$647,200$431,250
Kearny$647,200$420,680
Kingman$647,200$420,680
Kiowa$647,200$420,680
Labette$647,200$420,680
Lane$647,200$420,680
Leavenworth$647,200$431,250
Lincoln$647,200$420,680
Linn$647,200$431,250
Logan$647,200$420,680
Lyon$647,200$420,680
Mcpherson$647,200$420,680
Marion$647,200$420,680
Marshall$647,200$420,680
Meade$647,200$420,680
Miami$647,200$431,250
Mitchell$647,200$420,680
Montgomery$647,200$420,680
Morris$647,200$420,680
Morton$647,200$420,680
Nemaha$647,200$420,680
Neosho$647,200$420,680
Ness$647,200$420,680
Norton$647,200$420,680
Osage$647,200$420,680
Osborne$647,200$420,680
Ottawa$647,200$420,680
Pawnee$647,200$420,680
Phillips$647,200$420,680
Pottawatomie$647,200$420,680
Pratt$647,200$420,680
Rawlins$647,200$420,680
Reno$647,200$420,680
Republic$647,200$420,680
Rice$647,200$420,680
Riley$647,200$420,680
Rooks$647,200$420,680
Rush$647,200$420,680
Russell$647,200$420,680
Saline$647,200$420,680
Scott$647,200$420,680
Sedgwick$647,200$420,680
Seward$647,200$420,680
Shawnee$647,200$420,680
Sheridan$647,200$420,680
Sherman$647,200$420,680
Smith$647,200$420,680
Stafford$647,200$420,680
Stanton$647,200$420,680
Stevens$647,200$420,680
Sumner$647,200$420,680
Thomas$647,200$420,680
Trego$647,200$420,680
Wabaunsee$647,200$420,680
Wallace$647,200$420,680
Washington$647,200$420,680
Wichita$647,200$420,680
Wilson$647,200$420,680
Woodson$647,200$420,680
Wyandotte$647,200$431,250

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 3.43% (Zillow, Feb. 2022).

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 $647,200 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 3.28% (Zillow, Feb. 2022).

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 2.67% (Zillow, Feb. 2022).

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.