Today’s Mortgage Rates in Kansas

Kansas living

Kansas most populated cities in the state of Kansas include Wichita, Overland Park, and Kansas City. The state has plenty of parks and forests, as well as miles of trails for hiking and biking. There are several rivers and lakes where you can go fishing, swimming, or boating. If you’re not into outdoor activities, Kansas has plenty of museums, theaters, and other attractions to keep you busy. The cost of living is also very affordable in Kansas.

Kansas first-time home buyer programs

First-time home buyer assistance programs in Kansas and across the U.S. offer loans, grants, down payment assistance, and tax credits. But availability and qualification requirements can vary. Contact a Metropolitan Mortgage loan officer for more information about programs available in Kansas.

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Our local mortgage loan officers understand the specifics of the Kansas real estate market. We can help you navigate the home-buying process so you can focus on finding your new home.

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Loan approval is subject to meeting underwriting guidelines and approval. Loan programs are available in the states of Kansas and Missouri. Mortgage rates and loan program terms are subject to change without notice.

1. Conforming fixed-rate APR and estimated monthly payment: A $300,000 loan amount with a 30-year term at an interest rate of 5.875% with a 20% down payment with no discount points results in an estimated monthly payment (principal and interest) of $1,774.61 and an Annual Percentage Rate (APR) of 5.919%.

Estimated APR and monthly payment is based on a 20% down payment and borrower-paid finance charges of 0% of the base loan amount, plus origination (points if applicable). For down payments of less than 20%, mortgage insurance is required, likely increasing the APR and monthly payment. The estimated monthly payment does not include escrows (taxes and insurance premiums), and the actual payment will be greater.

2. ARM APR and estimated monthly payment: A $300,000 loan amount with a 30-year term at an interest rate of 4.75% with a 20% down payment with no discount points results in an estimated monthly payment (principal and interest) of $1,564.94 and an Annual Percentage Rate (APR) of 5.64%.

Estimated APR and monthly payment is based on an initial fixed-rate period of 5 years, for which the interest rate can change each subsequent year for the remaining 25 years, a 20% down payment and borrower-paid finance charges of 0.% of the base loan amount, plus origination points (if applicable). After the initial 5-year period: the APR is variable and adjusts based on the filly indexed rate or index plus a margin. The APR will vary based on the SOFR index. Mortgage insurance is required if the down payment is less than 20% which will likely increase the monthly payment and APR. The estimated monthly payment does not include escrows (taxes and insurance premiums). With adjustable-rate loans, rates are subject to change over the loan term, and that change can raise or lower your monthly payment.

3. FHA APR and estimated monthly payment: A $300,000 base loan amount with a 30-year term at an interest rate of 5.750% with a 3.5% down payment with no discount points results in an estimated monthly payment (principal and interest) of $1,750.72 and an Annual Percentage Rate (APR) of 7.020%.

Estimated APR and monthly payment is based on a 3.5% down payment and borrower-paid finance charges of 0% of the base loan amount, plus origination points (if applicable). The APR and estimated monthly payment include the upfront mortgage insurance premium financed into the loan amount. The estimated monthly payment does not include the required FHA monthly mortgage insurance premium and escrows (taxes and insurance premiums), making the actual payment higher.

4. VA APR and estimated monthly payment: A $300,000 base loan amount with a 30-year term at an interest rate of 5.625% with no down payment with no discount points results in an estimated monthly payment (principal and interest) of $1,726.97 and an Annual Percentage Rate (APR) of 5.882%.

Estimated APR and monthly payment is based on a 0% down payment and borrower-paid finance charges of 0.% of the base loan amount, plus origination points (if applicable). The APR and estimated monthly payment include the VA funding fee being financed into the loan amount. The estimated monthly payment does not include escrows (taxes and insurance premiums), and the actual payment will be greater.

5. USDA APR and estimated monthly payment: A $300,000 base loan amount with a 30-year term at an interest rate of 6.250% with no down payment with no discount points results in an estimated monthly payment (principal and interest) of $1,847.15 and an Annual Percentage Rate (APR) of 6.611%.

Estimated APR and monthly payment is based on a 0% down payment and borrower-paid finance charges of 0% of the base loan amount, plus origination points (if applicable). The APR estimated monthly payment includes the upfront funding fee being financed into the loan amount. The estimated monthly payment does not include the required USDA monthly mortgage insurance premium, escrows (taxes and insurance premiums), and the actual payment will be greater.

6. Jumbo APR and estimated monthly payment: A $700,000 loan amount with a 30-year term at an interest rate of 7.375% with a 20% down payment with no discount points results in an estimated monthly payment (principal and interest) of $4,834.73 and an Annual Percentage Rate (APR) of 7.734%.

Estimated APR and monthly payment is based on a 20% down payment and borrower-paid finance charges of 0.% of the loan amount, plus origination points (if applicable). A down payment of less than 20% requires mortgage insurance, which could increase the monthly payment and the APR. The estimated monthly payment does not include escrows (taxes and insurance premiums), and the actual payment will be greater.

The rates shown above are for purchasing a single-family home that is a primary residence based on a 30-day lock-in period. The rates are subject to change and are not guaranteed. This is not a commitment to lend or a credit decision. Your rate will depend on various factors, including loan size, loan product, credit profile, geographic location, property value, and occupancy.

To lock in a rate, you must apply for Metropolitan Mortgage and receive written confirmation from a mortgage loan officer that your rate is locked. You can make an application by calling 913-642-8300, starting your application online, or meeting with a mortgage loan officer.

Conforming Fixed-Rate Loans – Conforming rates are available for loan amounts not exceeding $726,200. The Annual Percentage Rate (APR) is based on the table above with borrower-paid finance charges of 0.% of the loan amount, plus origination fees (if applicable). Mortgage insurance may be required if the down payment is less than 20%, which could increase the APR and monthly payment.

Non-Conforming ARM Loans – ARM rates represent a non-conforming loan amount exceeding $726,200. Adjustable-rate (ARM) loans and rates are variable and are subject to change during the loan term. That change can raise or lower your monthly payment. The Annual Percentage Rate (APR) calculation is based on estimates included in the table above with borrower-paid finance charges of 0.% of the base loan amount, plus origination fees if applicable. Down payments of less than 20% require mortgage insurance, which could increase the APR and monthly payment.

Jumbo Loans – The Annual Percentage Rate (APR) calculation assumes a $940,000 loan amount with a 20% down payment and borrower-paid finance charges of 0.% of the loan amount, plus origination fees (if applicable). If the down payment is less than 20%, mortgage insurance may be required, increasing the monthly payment and the APR. Jumbo rates are for loan amounts exceeding $726,200.

FHA Loan Kansas – The Annual Percentage Rate (APR) calculation assumes a $270,019 loan amount ($265,375 base amount plus $4,644 upfront mortgage insurance premium) with a 3.5% down payment, $191.30 monthly mortgage insurance premium, and borrower-paid finance charges of 0.% of the base loan amount, plus origination fees if applicable.