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Today’s Mortgage Rates

Today’s mortgage rates below assume you have very good credit (a middle FICO score of 740+) and you’re buying a single-family home as your primary residence. Lower mortgage rates are available should you wish to buy down the rate.

Review today’s mortgage rates and terms below, then Apply Online or contact a Loan Officer at (913) 642-8300 about our products and services. We have the best mortgage terms and mortgage rates in Kansas City and have helped thousands of homeowners since 1997.

FHA Mortgage

Term
Rates
APR
Points
30yr Fixed Rate
4.375%
4.717%
0
15yr Fixed Rate
4.125%
4.309%
0
5 Yr ARM
4.375%
4.802%
1

Conventional Mortgage

Term
Rates
APR
Points
30yr Fixed Rate
4.625%
4.659%
0
20yr Fixed Rate
4.625%
4.672%
0
15yr Fixed Rate
4.375%
4.434%
0
7 Yr ARM
4.250%
4.523%
1
5 Yr ARM
4.125%
4.390%
1

VA Mortgage

Term
Rates
APR
Points
30yr Fixed Rate
4.500%
4.842%
0
15yr Fixed Rate
4.250%
4.434%
0
5 Yr ARM
4.250%
4.677%
1

USDA Mortgage

Term
Rates
APR
Points
30yr Fixed Rate
4.875%
4.911%
0

Jumbo Mortgage

Term
Rates
APR
Points
30yr Fixed
4.875%
4.960%
0
15yr Fixed
4.625%
4.685%
0
7 Yr ARM
4.750%
4.871%
0
5 Yr ARM
4.625%
4.746%
0
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Mortgage Assumptions

  • Today’s mortgage rates and terms can change without notice
  • Actual monthly payments will vary based on your individual situation
  • Some products may not be available in all states
  • Jumbo financing may not be available to first time home buyers
    Lending services may not be available in all areas
  • Restrictions may apply
  • Based on the purchase/refinance of a primary residence with no cash out at closing
  • We assumed (unless otherwise noted) that: costs are paid out of pocket; this is your primary home and is a single-family home; debt-to-income ratio (credit cards, auto loans, etc.) is less than 40%; and credit score is over 720, or in the case of certain Jumbo products we assume a score over 740; and an escrow account for the payment of taxes and insurance
  • Mortgage Rates above assume a lock term of 30 days
  • Assumed Loan Amount of $250,000
  • The loan-to-value (LTV) ratio is 75%. If the LTV ratio on your home is greater than 80%, PMI will be added to your monthly mortgage payment, with the exception of Military/VA home loans. These home loans do not require Private Mortgage Insurance
  • The fixed term available: 30-year term, 20-year term, 15yr fixed, and a 10-year term
  • Interest Only mortgages not available
  • Adjustable Rate Mortgage (ARM) terms: 7/1 adjustable rate and 5/1 adjustable rate
  • FHA, VA and USDA mortgages are insured by the Government
  • Please remember that we don’t have your personal information. Therefore, the above terms may not reflect your actual situation. We offer a wide variety of options you may still qualify for a mortgage even if your situation doesn’t match our assumptions. To get a personalized quote, please call us at (913) 642-8300 to speak with one of our Loan Officers.

Mortgage Terms –

What are Points?

Points allow you to make a trade-off between your upfront costs and your monthly payment. By paying points, you pay more upfront, but you receive a lower mortgage interest rate. Therefore, paying less over time. This can be a good choice for someone who knows they will keep the home loan for a long time.

Points are calculated in relation to the mortgage amount. Each point equals one percent of the loan amount. For example, one point on a $100,000 mortgage would be $1,000. This fee is paid at closing and increase your closing costs as reflected on your Loan Estimate (LE) and on your Closing Disclosure (CD) on page 2, Section A.

What are Lender Credits?

Lender credits work the same way as points but in reverse. You pay a higher rate and receive a credit to offset your closing costs. When you receive credits, you pay less upfront, but you pay more over time with the higher rate. Credits can be a good choice for someone who knows they will keep the mortgage for a shorter time.

Lender credits are calculated the same way as points. For example, a credit of $1,000 on a $100,000 mortgage might be described as negative one point (because $1,000 is one percent of $100,000).

That $1,000 will appear as a negative number as part of the Lender Credits line item on page 2, Section J of your Loan Estimate (LE) or Closing Disclosure (CD). The credit offsets your closing costs and reduces the amount of closing costs.

In exchange for the credit, you will pay a higher rate than what you would have received, for the same kind of home loan, without credits. The more credits you receive, the higher your rate will be.

The exact increase in your rate depends on the kind of home loan and the overall market conditions. Sometimes, you may receive a relatively large credit for each 0.125% increase in your interest rate paid. Other times, the credit you receive per 0.125% increase in your interest rate may be smaller.

What is an Annual Percentage Rate (APR)?

The APR reflects the mortgage interest rate plus other charges. There are many costs associated with taking out a mortgage. These include; The interest rate, Point(s), Fees, Other Charges.

The interest rate is the cost you will pay each year to borrow the money, expressed as a percentage rate. It does not reflect fees or any other charges you may have to pay for the mortgage.

An APR is a broader measure of the cost to you of borrowing money, also expressed as a percentage rate. In general, the APR reflects not only the interest rate but also any point(s), broker fees, and other charges that you pay to get the mortgage. For that reason, your APR is usually higher than your interest rate.

If you have applied for a home mortgage and received an LE from one or more lenders, you can find the interest rate on page 1, under Loan Terms, and the APR on page 3 under Comparisons.

Best Mortgage Rates Overland Park KS

For the best mortgage rates Overland Park KS, Call us at (913) 642-8300 our Apply Online

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