Finding the perfect home is difficult enough, but finding a good mortgage lender shouldn't be. Our partners at ConsumerAffairs researched top mortgage companies in Kansas City and found that the best mortgage lenders offer online, state-of-the-art technology to efficiently help settle your homebuyer finances and nerves.
Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. KSHB may receive compensation from our partners. Learn more.
Compared to national averages, Kansas and Missouri mortgage rates are lower—meaning homebuyers in KC can expect to spend less in the long run. Find comparisons on Bankrate, which conducts weekly national surveys of lenders to give homeowners a glimpse of what to expect from the market. Rates vary among companies, so comparing estimates from a variety of lenders can be just as important as negotiating home price.
A jumbo mortgage is a large home loan that exceeds federal conforming loan limits, which, in Kansas City, top out at $453,100. Rates for these loans are often a few percentage points higher than 30-year fixed rates and come with a more difficult qualifying process. If you are looking to buy a home that exceeds this price, expect to pay a higher down payment and have better credit.
The Kansas City real estate market
For the past three years, Kansas City’s employment growth has outpaced national rates, leading to an influx of residents. The housing market is booming and competitive—leading to a surplus of buyers and a shortage of inventory. The Kansas City Regional Association of Realtors predicts a continued rise in housing demand and encourages buyers to make offers quickly.
The average sales price for KC homes in 2018 is $234,821, close to the average home cost in U.S. of $216,000, according to Zillow. More affordable neighborhoods like up-and-coming Waldo average home prices below $200,000. For nicer areas like Ward Estates, which ranks 92nd of the nation’s wealthiest neighborhoods, homebuyers can expect to pay an average of $364,000 per home.
For homebuyers looking for a great deal on good homes in lesser neighborhoods, Kansas City, Kansas, just minutes from downtown but across state lines, averages $92,1000 in price. Exciting growth in KC makes this a smart place for homebuyers who want to invest their money and futures in a great city.
As a national leader in mortgage financing, AmeriSave is a trusted name in real estate. The online company, offers transparent, low pricing and great customer service. In fact, more than 93% of customers say they would recommend AmeriSave to friends and family.
KC Mortgage Guy
KC Mortgage Guy is a hard-working, well-established lender in the Kansas City area. Loans can be filled out quickly online, and the team is always on hand to answer questions throughout the process. The company's goal is to exceed expectations, which they've accomplished if reviews are any indication. KC homebuyers call KC Mortgage guy “fantastic,” “outstanding” and “transparent.”
As the No. 1 Lender in KC, PrimeLending has been known for its performance for nearly three decades in Kansas City. With multiple branch locations and a wide variety of customizable loan products and programs, PrimeLending is ready to solve any problem—and they promise to do it quickly and correctly.
Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.
Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.