Mortgage Refinance Options in Kansas City, MO

Explore mortgage refinance options with Metropolitan Mortgage Corporation in Kansas City, Missouri. Whether you’re aiming to lower your interest rate, shorten your loan term, or access home equity, our local experts offer tailored solutions. With 25+ years serving Kansas City, Overland Park, Brookside, and Lee’s Summit, we provide fast closings (15–21 days) and competitive rates (e.g., 30-Year Fixed APR as low as 6.429%). Learn how refinancing works and find the best option for you.

Why Choose Mortgage Refinancing in Kansas City?

Refinancing replaces your existing mortgage with a new loan, often with better terms to meet your financial goals. In Kansas City’s stable 2025 housing market (median home value ~$244,100 in Jackson County), refinancing can save you money or unlock equity. Key reasons to refinance include:

Our Kansas City team tailors solutions to local market trends, ensuring maximum savings.

Kansas City Refinance Rates (August 2025)

View current refinance rates for Kansas City homeowners. Rates vary by credit, loan amount, and market conditions. Get a free rate quote today.

Term

Rate

APR

Point(s)

30-Year Fixed

 6.250% 6.429 0

20-Year Fixed

 5.875% 6.993 0

15-Year Fixed

 5.625% 5.772 0

7 Yr ARM

 6.250% 7.137 1

5 Yr ARM

 6.125% 7.015 1

Source: Metropolitan Mortgage, August 2025. Contact us for personalized rates.

Types of Refinance Options

Choose the right refinance type for your needs:

  • Fixed-Rate Loans: Stable payments for 15, 20, or 30 years. Ideal for long-term planning.

  • Adjustable-Rate Mortgages (ARMs): Lower initial rates (e.g., 5 or 7 years). Great for short-term savings.

  • FHA/VA Loans: Lower credit requirements; explore streamline refinance for faster processing.

Am I Eligible to Refinance in Kansas City?

To qualify for refinancing, consider:

  • Credit Score: 620+ for conventional loans; 700+ for best rates.

  • Home Equity: At least 20% for conventional; FHA/VA may allow less.

  • Debt-to-Income (DTI): Below 43% for optimal approval.

  • Loan Seasoning: Wait 6–12 months post-purchase to refinance.

Pitfalls to Avoid:

  • Refinancing too early, risking fees outweighing savings.

  • Overlooking closing costs (2–5% of loan; consider no-cost refinance).

  • Not locking rates—our team monitors Kansas City trends for you.

Our Refinance Process

  1. Consultation: Discuss goals with our Kansas City experts.

  2. Rate Comparison: We shop top lenders for the best rates.

  3. Application: Apply online or at our offices (7280 NW 87th Terrace, Suite 200, Kansas City, MO 64153).

  4. Closing: Close in 15–21 days with no hidden fees.

Use our Refinance Calculator or contact us.

Frequently Asked Questions

How much can I save by refinancing in Kansas City?

Savings vary by loan. Dropping from 7.5% to 6.25% on a $300,000 loan saves ~$150/month. Use our Refinance Calculator.

What are refinancing costs in Kansas City?

Closing costs range from 2–5% of the loan. Explore no-cost refinance to save.

Is 2025 a good time to refinance in Kansas City?

With rates as low as 5.625% and stable home values, refinancing is ideal. Get a free quote.

What Kansas City Homeowners Say

“Metropolitan Mortgage refinanced our Brookside home, saving us $175/month on a 15-year loan!”
– Emily and Mark S., Kansas City, MO

“Fast and easy process in Overland Park with a great rate.”
– David L., Overland Park, KS

Read more testimonials.

Explore Other Refinancing Options

Discover specialized refinance strategies for Kansas City homeowners:

  • Cash-Out Refinance: Use home equity for renovations or debt.

  • No-Cost Refinance: Save without upfront fees.

  • Streamline Refinance: Fast FHA/VA refinancing.

  • Debt Consolidation Mortgage: Combine debts into one payment.

  • All Refinancing Options: See our full refinance solutions.

Ready to Refinance in Kansas City?

Save with Metropolitan Mortgage’s expert refinance options. Visit us in Kansas City (7280 NW 87th Terrace, Suite 200) or Overland Park (7381 W 133rd St #200).

Get Your Free Rate Quote | Schedule a Call | Call (913) 642-8300

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