Kansas Mortgage Rates Today
Compare current Kansas mortgage rates, APRs, points and P&I payments for Conventional, Jumbo, FHA, VA and USDA home loans. Review purchase and refinance options for homes in Overland Park, Olathe, Wichita, Topeka, Lawrence, Manhattan and communities throughout Kansas.
Metropolitan Mortgage Corporation has helped homebuyers and homeowners since 1997. Our Kansas mortgage team provides Conventional, FHA, VA, USDA, Jumbo and refinance financing with local guidance for borrowers across the state.
Initial rate estimates are available without obligation. A mortgage rate is not secured until the lender confirms the loan details and issues a valid rate-lock agreement.
Current Kansas Purchase Mortgage Rates
Compare the interest rate, APR, points and P&I payment for each mortgage option. The lowest advertised rate is not always the least expensive choice because discount points, lender credits, mortgage insurance and closing costs can materially affect the total cost.
Conventional Mortgage Rates in Kansas
| TERM | Example Payment* | |||
|---|---|---|---|---|
| 30-Year Fixed | 360 payments of $1,847 at 6.250% | |||
| 20-Year Fixed | 240 payments of $2,171 at 6.125% | |||
| 15-Year Fixed | 180 payments of $2,471 at 5.625% | |||
| 7 Yr ARM | Initial: $1,775 (adjusts after 7 years) | |||
| 5 Yr ARM | Initial: $1,727 (adjusts after 5 years) |
Conventional rate assumptions
Sample payments are based on a $300,000 purchase loan for an owner-occupied, single-family residence, a 780 credit score and a 75% loan-to-value ratio. The example assumes a $400,000 purchase price and a $100,000 down payment. Payments include principal and interest only.
Conventional financing may be used for a primary residence, qualifying second home or investment property, although pricing and down-payment requirements can differ. Adjustable-rate mortgage payments and rates may change after the initial fixed period.
Jumbo Mortgage Rates in Kansas
| TERM | Example Payment* | |||
|---|---|---|---|---|
| 30-Year Jumbo | 360 payments of $6,076 at 6.125% (for $1,000,000 loan) | |||
| 15-Year Jumbo | 180 payments of $8,506 at 6.125% (for $1,000,000 loan) | |||
| 7 Yr ARM | Initial: $5,915 (adjusts after 7 years) | |||
| 5 Yr ARM | Initial: $5,836 (adjusts after 5 years) |
Jumbo rate assumptions
Sample payments are based on a $1,000,000 purchase loan for an owner-occupied, single-family residence, a 780 credit score and a 75% loan-to-value ratio. Payments include principal and interest only.
Jumbo underwriting may require more extensive income, asset and reserve documentation. The best structure can depend on the property, loan amount, liquidity, relationship pricing and whether the borrower prefers a fixed or adjustable rate.
FHA Mortgage Rates in Kansas
| TERM | Example Payment* | |||
|---|---|---|---|---|
| 30-year fixed | 360 payments of $1,775 at 5.875% | |||
| 20-year fixed | 240 payments of $2,106 at 5.750% | |||
| 15-year fixed | 180 payments of $2,431 at 5.375% |
FHA rate assumptions
Sample pricing is based on a $300,000 purchase loan for an owner-occupied, single-family residence with a 3.5% down payment. FHA upfront and annual mortgage insurance apply.
FHA financing may help borrowers who need a lower down payment or more flexible qualification standards. Compare the interest rate together with mortgage insurance, closing costs and the long-term cost of the loan.
VA Mortgage Rates in Kansas
| TERM | Example Payment* | |||
|---|---|---|---|---|
| 30-year fixed | 360 payments of $1,797 at 5.990% | |||
| 20-year fixed | 240 payments of $2,128 at 5.875% | |||
| 15-year fixed | 180 payments of $2,451 at 5.500% |
VA rate assumptions
Sample pricing is based on a $300,000 purchase loan for an eligible veteran purchasing an owner-occupied, single-family residence. The P&I payment includes principal and interest only unless otherwise stated.
A VA funding fee may apply and may be financed, although some borrowers qualify for an exemption. Eligibility, entitlement, residual-income, credit and underwriting requirements apply.
USDA Mortgage Rates in Kansas
| TERM | Example Payment* | |||
|---|---|---|---|---|
| 30-year fixed | 360 payments of $1,847 at 6.250% |
USDA rate assumptions
Sample pricing is based on an eligible owner-occupied property, zero down payment and financing of the applicable upfront guarantee fee. Household-income and property-location eligibility requirements apply.
USDA eligibility is property-specific and can extend beyond remote rural areas. Some smaller Kansas cities, towns and outer suburban communities may qualify. Confirm the property address and household income before relying on USDA financing.
Why Kansas Mortgage Rates Change Daily
Kansas mortgage rates respond primarily to national financial markets. Inflation reports, employment data, Treasury yields, investor demand for mortgage-backed securities and expectations about Federal Reserve policy can cause lenders to revise rate sheets during the day.
Treasury Yields
Mortgage rates do not move exactly with Treasury yields, but the bond market provides an important benchmark for long-term borrowing costs.
Mortgage-Backed Securities
Investor demand for mortgage-backed securities directly affects the pricing lenders can offer on many fixed-rate mortgages.
Inflation and Employment
Stronger inflation or economic data can pressure rates higher, while softer reports may support improved mortgage pricing.
Learn when and why a mortgage rate can change before closing.
Compare Kansas Refinance Rates and Equity Options
Refinance rates can differ from purchase rates because pricing depends on loan purpose, available equity, occupancy, property type, loan amount and whether the borrower is taking cash out. Compare the new payment, closing costs, break-even period, loan term and total interest—not merely the new rate.
| TERM | Example Payment* | |||
|---|---|---|---|---|
| Conventional Rate-and-Term | 360 payments of $1,847 at 6.250% | |||
| Conventional Cash-Out | 240 payments of $2,171 at 6.125% | |||
| FHA Streamline | 180 payments of $2,471 at 5.625% | |||
| VA IRRRL | 360 payments of $1,775 at 5.875% | |||
| USDA Streamlined Assist | 360 payments of $1,751 at 5.750% |
Refinance rate assumptions and limitations
Refinance pricing may vary based on credit score, loan-to-value ratio, cash-out status, occupancy, property type, loan amount, subordinate financing and lock period. Government streamline programs have separate eligibility, seasoning and net-tangible-benefit requirements.
Home equity loans and HELOCs are second-lien products. They should not be compared with first-mortgage pricing solely by interest rate because the loan amount, repayment term, lien position and treatment of the existing first mortgage differ.
Rate-and-Term Refinance
Change the interest rate, monthly payment, loan term or loan type without taking substantial cash from the property.
Cash-Out or Home Equity
Compare replacing the first mortgage with using a home equity loan or HELOC while leaving the current first mortgage in place.
Government Streamline
Existing FHA, VA and USDA borrowers may have streamlined options with program-specific documentation and benefit requirements.
Mortgage Interest Rate vs. APR
The interest rate is used to calculate principal and interest. The annual percentage rate, or APR, is designed to reflect the broader yearly cost by incorporating the interest rate and certain finance charges.
APR can help compare loans with different rates and fees, but it does not replace a detailed review of the Loan Estimate. Compare the interest rate, APR, discount points, lender credits, lender charges and third-party closing costs.
Why the Lowest Rate May Cost More
A lender can offer a lower rate in exchange for discount points paid at closing. That tradeoff can make sense when the monthly savings recover the upfront cost within the time you expect to keep the loan.
Kansas Mortgage Payment Calculator
Enter the home price, down payment, mortgage term and estimated rate to calculate principal and interest. For a more complete Kansas housing budget, include estimated property taxes, homeowners insurance, mortgage insurance and HOA dues.
Mortgage Payment Calculator
If you're thinking about buying or refinancing a home, we can help you estimate your monthly payment. All fields are required.
An average down payment is about 5% of the home price.
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Estimate a purchase range based on income, debts, down payment and expected housing expenses.
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Review common lender, title, appraisal, recording, prepaid and escrow expenses before requesting a formal Loan Estimate.
Compare Loan Payments
Test different rates, down payments and loan terms before choosing a mortgage structure.
What Kansas Mortgage Rate Can I Qualify For?
Statewide averages and advertised rates provide a benchmark, but they do not determine your individual quote. Lenders price a mortgage using the complete borrower, property and loan profile.
- Credit profile: Credit score, payment history, account balances and recent inquiries.
- Down payment: The amount invested and resulting loan-to-value ratio.
- Loan amount: Whether the mortgage falls within conforming or jumbo guidelines.
- Property type: Single-family home, condominium, multi-unit property or manufactured home.
- Occupancy: Primary residence, second home or investment property.
- Loan purpose: Purchase, rate-and-term refinance or cash-out refinance.
- Lock period: The time required between locking and closing.
- Pricing choice: Discount points, zero-point pricing or lender credits.
Two Kansas buyers purchasing similarly priced homes can receive different rates because their credit, down payment, property, loan structure and closing timelines differ.
Mortgage Rates Across Kansas Housing Markets
A base mortgage rate does not automatically change because the property is in Overland Park, Wichita, Topeka or another Kansas community. However, home values, property taxes, homeowners insurance, loan size, housing supply and common property types can affect the monthly payment, cash needed to close and available financing.
Johnson County
Overland Park, Olathe, Leawood, Lenexa, Shawnee and surrounding communities include entry-level homes, established neighborhoods, new construction and higher-priced properties. Conventional and Jumbo comparisons are often important.
Wichita and Sedgwick County
Wichita offers a broad range of housing prices, property ages and neighborhood types. Buyers should include property-specific taxes, insurance and condition in the payment analysis.
Topeka and Shawnee County
Topeka buyers may compare established city neighborhoods, suburban properties and surrounding rural communities. USDA eligibility may become relevant outside the urban core.
Lawrence and Douglas County
University-related demand, first-time buyers, established neighborhoods and nearby rural properties create varied financing needs. Occupancy should be clearly identified for second homes and investment properties.
Manhattan and Riley County
Military relocation, university employment and investment demand can create different timelines and documentation needs. VA eligibility and occupancy requirements should be reviewed early.
Rural and Western Kansas
Smaller communities may offer USDA-eligible properties, acreage and homes with private utilities. Confirm property eligibility, appraisal standards, access and utility requirements before relying on a specific program.
Kansas Home-Buying Costs That Affect Your Payment
Property Taxes
Property-tax bills vary by county, city, school district and other taxing authorities. Use a property-specific estimate instead of one statewide percentage.
Homeowners Insurance
Premiums depend on the home, location, construction, roof, claims history, coverage limits and deductible. Obtain an insurance quote before finalizing the payment.
Mortgage Insurance
Conventional PMI, FHA mortgage insurance and USDA annual fees affect payments differently. VA loans do not have monthly mortgage insurance, although a funding fee may apply.
Closing Costs
Lender charges, appraisal, title services, settlement costs and recording fees should be separated from prepaid interest, insurance premiums and escrow deposits.
Discount Points
Paying points can lower the rate, but the upfront cost should be compared with the monthly savings and expected ownership period.
HOA and Property Costs
HOA dues, maintenance, utilities and repairs are not included in principal-and-interest rate tables but still affect affordability.
Kansas Mortgage Programs
Conventional Loans
Flexible fixed and adjustable-rate options for primary residences, eligible second homes and investment properties.
FHA Loans
Government-insured financing that may provide lower down-payment options and flexible qualification standards.
VA Loans
Purchase and refinance benefits for eligible veterans, service members and qualifying surviving spouses.
USDA Loans
Zero-down financing for eligible households purchasing an eligible property in an approved location.
Jumbo Loans
Financing for higher loan amounts with program-specific credit, reserve, income and asset requirements.
First-Time Buyer Options
Compare low-down-payment loans and the preparation needed before making an offer.
How to Get a Lower Mortgage Rate in Kansas
Review Credit Early
Checking credit before making an offer creates time to correct errors, reduce balances and avoid unnecessary new debt.
Compare Rate and APR
A lower rate with expensive points may cost more than a slightly higher rate with lower upfront charges.
Choose the Right Program
Conventional, FHA, VA, USDA and Jumbo loans have different pricing, insurance and qualification structures.
Strengthen the Down Payment
A lower loan-to-value ratio can improve conventional pricing and may reduce or eliminate mortgage insurance.
Keep the Lock Period Efficient
Longer locks may cost more. Coordinate underwriting, appraisal and closing timelines before selecting the lock period.
Request a Side-by-Side Comparison
Compare the same loan amount, term, lock period and assumptions so rate quotes are truly comparable.
When Should You Lock a Kansas Mortgage Rate?
A mortgage rate lock can protect approved pricing for a specified period while the loan moves toward closing. The appropriate time to lock depends on the contract closing date, loan approval, appraisal timing and your tolerance for market movement.
A longer lock may cost more than a shorter lock. Confirm the interest rate, APR, points or credits, expiration date and any extension or float-down provisions.
Can a Rate Change Before Closing?
Yes. An unlocked rate can change as financial markets and lender pricing change. A locked rate may also require adjustment if important loan details change, including the loan amount, credit profile, property type, occupancy or closing timeline.
Kansas Mortgage Rate Outlook
Mortgage-rate forecasts are uncertain because future pricing depends on inflation, employment, economic growth, Treasury markets and demand for mortgage-backed securities. Even an accurate prediction about Federal Reserve policy does not guarantee the direction or timing of mortgage-rate changes.
Rates Could Decline
Softer inflation, weaker economic growth or stronger investor demand for bonds could support lower mortgage rates.
Rates Could Remain Uneven
Mixed economic data can produce a range-bound market with frequent short-term movements in both directions.
Rates Could Increase
Persistent inflation, stronger growth or reduced demand for mortgage-backed securities could place upward pressure on pricing.
Kansas First-Time Home Buyer Mortgage Options
First-time buyers are not limited to one special mortgage. Depending on credit, income, military eligibility, property location and available funds, a Kansas buyer may compare Conventional, FHA, VA and USDA financing. Separate state or local assistance programs may have additional lender, income, purchase-price and property requirements.
Low-Down-Payment Conventional
Some qualified buyers can use a conventional mortgage with a smaller down payment. Private mortgage insurance may apply and can sometimes be removed later when requirements are met.
FHA Financing
FHA loans may help buyers who need flexible credit or down-payment guidelines. Compare the interest rate with upfront and annual mortgage insurance.
VA and USDA Eligibility
Qualified VA and USDA borrowers may purchase without a down payment, subject to program, property and underwriting requirements.
Compare first-time home buyer programs and preparation steps.
Compare Kansas Home Loan Programs
| Program | Primary Advantage | Important Cost or Rule | Often Considered By |
|---|---|---|---|
| Conventional | Flexible property and occupancy options. | PMI may apply with less than 20% down. | Qualified buyers with stable credit and income. |
| FHA | Flexible credit and lower down-payment guidelines. | Upfront and annual mortgage insurance apply. | Buyers who value flexible qualification. |
| VA | Qualified borrowers may purchase with no down payment. | A funding fee may apply unless exempt. | Eligible veterans, service members and surviving spouses. |
| USDA | Eligible borrowers may finance an eligible property with no down payment. | Household-income and property-location rules apply. | Qualified buyers in eligible Kansas communities. |
| Jumbo | Financing above applicable conforming loan limits. | May require stronger credit, reserves and documentation. | Buyers purchasing higher-priced properties. |
| ARM | May offer a lower initial rate. | The rate and payment may change after the fixed period. | Borrowers with a defined shorter financing horizon. |
This matrix is a general comparison, not a credit decision or program commitment. Availability and eligibility depend on current guidelines and the complete application.
Frequently Asked Questions
What are current mortgage rates in Kansas?
Current sample Kansas mortgage rates are displayed in the live program tables near the top of this page. Rates can change daily and may change more than once during volatile markets. Your personalized quote depends on your credit, down payment, property, loan amount, occupancy and lock period.
Are Kansas mortgage rates different from national mortgage rates?
Kansas borrowers are influenced by the same national mortgage and bond markets as borrowers in other states. Individual lender pricing and the borrower’s loan profile usually create more meaningful differences than the state itself.
Do mortgage rates differ between Overland Park, Wichita and Topeka?
The base rate does not automatically change because a property is in a different Kansas city. However, loan amount, property type, taxes, insurance, closing charges and program eligibility may affect the payment and total cost.
How often do Kansas mortgage rates change?
Mortgage rates may change each business day and can move more than once during periods of market volatility. The review timestamp shows when the displayed sample pricing was last reviewed.
What credit score is needed for the best mortgage rate?
Higher credit scores generally receive more favorable conventional pricing, but no single score guarantees the best rate. Down payment, property type, occupancy, loan amount and selected program also matter.
Are FHA mortgage rates lower than conventional rates?
FHA rates may appear lower in some markets, but FHA mortgage insurance affects the payment and total cost. Compare the complete FHA structure with conventional financing rather than comparing rates alone.
Do VA loans have lower mortgage rates?
VA loans can offer competitive pricing for eligible borrowers. The final comparison should include the rate, APR, funding fee, closing costs and payment. Some eligible borrowers qualify for a funding-fee exemption.
Can I get a USDA loan in Kansas with no down payment?
Qualified borrowers may be able to finance an eligible Kansas property with no down payment through USDA. Household-income, property-location, occupancy, credit and underwriting requirements apply.
What is the difference between interest rate and APR?
The interest rate is used to calculate principal and interest. APR reflects the rate plus certain finance charges and is intended to help compare broader borrowing costs.
Should I pay discount points?
Paying points may make sense when the monthly savings recover the upfront cost within the time you expect to keep the mortgage. Calculate the break-even period before deciding.
When should I lock my Kansas mortgage rate?
The timing depends on the contract closing date, loan approval, appraisal timeline and tolerance for market changes. Confirm the lock expiration date and any extension or float-down terms.
Can my mortgage rate change after I lock it?
A valid lock generally protects the agreed pricing through its expiration, but changes to the loan amount, credit profile, property, occupancy, program or closing date can require repricing.
Are refinance rates higher than purchase rates?
They can be. Refinance pricing depends on loan purpose, equity, occupancy, property type and whether cash is taken out. Compare the complete refinance structure and break-even period.
How much down payment is needed to buy a home in Kansas?
The requirement depends on the program. Some conventional options permit low down payments, FHA commonly allows 3.5% for qualified borrowers, and eligible VA or USDA borrowers may qualify for zero-down financing.
Can a first-time buyer get a conventional mortgage?
Yes. First-time buyers may use Conventional, FHA, VA or USDA financing when eligible. The best option depends on credit, income, savings, property and long-term goals.
How quickly can a Kansas mortgage close?
The timeline depends on documentation, appraisal, title work, underwriting and contract terms. A complete application and prompt responses can help avoid unnecessary delays.
Does Metropolitan Mortgage serve all of Kansas?
Metropolitan Mortgage Corporation assists eligible borrowers with home financing across Kansas, subject to program, property and licensing requirements.
Why Kansas Borrowers Choose Metropolitan Mortgage
Local Experience
Mortgage guidance for Kansas buyers and homeowners backed by experience serving the region since 1997.
Multiple Loan Programs
Compare Conventional, FHA, VA, USDA, Jumbo, refinance and home-equity structures through one experienced team.
Personalized Comparisons
Review the rate, APR, points, P&I payment and cash to close instead of relying on a generic national average.
Rick Woodruff
Rick Woodruff is a Kansas City-area mortgage professional with Metropolitan Mortgage Corporation. He helps homebuyers and homeowners compare purchase, refinance and home-equity options throughout Kansas and Missouri.
NMLS #248984 | Professional profile | LinkedIn
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