Kansas City, MO-KS metro: mortgages and home buyers
2025 home-purchase and refinance statistics for the 14-county Kansas City, MO-KS area (OMB code 28140), from official HMDA records.
In 2025, lenders reported 25,238 home-purchase mortgages for owner-occupied, single-family homes in the Kansas City, MO-KS metro area. The median buyer borrowed $295,000 on a home valued at $355,000 and reported a household income of $110,000.
Buyers financed a median 90.5% of the home's value (roughly 9.5% down), paid a median 6.625% on 30-year fixed conventional loans and faced median conventional loan costs of $3,360.
Lenders denied 4.7% of completed home-purchase applications.
Key facts
- Median conventional loan costs ($3,360) were 40% lower than the U.S. median ($5,570).
- The most common age bracket among borrowers was 25–34 (34.9% of purchase loans).
- 50.7% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (32.7% of denials with a stated reason).
Counties in the metro area
| County | Purchase loans | Median loan | Buyer income | 30-yr rate | Loan costs | Conforming limit | FHA limit |
|---|---|---|---|---|---|---|---|
| Jackson County, MO | 7,789 | $255,000 | $92,000 | 6.625% | $3,380 | $832,750 | $541,287 |
| Johnson County, KS | 7,318 | $385,000 | $144,000 | 6.625% | $3,290 | $832,750 | $541,287 |
| Clay County, MO | 3,316 | $285,000 | $106,000 | 6.625% | $3,480 | $832,750 | $541,287 |
| Cass County, MO | 1,487 | $305,000 | $103,000 | 6.625% | $3,350 | $832,750 | $541,287 |
| Wyandotte County, KS | 1,359 | $225,000 | $79,000 | 6.625% | $3,260 | $832,750 | $541,287 |
| Platte County, MO | 1,348 | $325,000 | $125,000 | 6.625% | $3,480 | $832,750 | $541,287 |
| Leavenworth County, KS | 979 | $305,000 | $116,000 | 6.625% | $3,500 | $832,750 | $541,287 |
| Miami County, KS | 399 | $305,000 | $112,000 | 6.625% | $3,380 | $832,750 | $541,287 |
| Lafayette County, MO | 364 | $215,000 | $84,000 | 6.625% | $3,150 | $832,750 | $541,287 |
| Clinton County, MO | 303 | $265,000 | $98,000 | 6.625% | $3,370 | $832,750 | $541,287 |
| Ray County, MO | 267 | $215,000 | $88,000 | 6.625% | $3,480 | $832,750 | $541,287 |
| Bates County, MO | 149 | $195,000 | $81,000 | 6.625% | $3,400 | $832,750 | $541,287 |
| Caldwell County, MO | 93 | $195,000 | $87,000 | — | $3,170 | $832,750 | $541,287 |
| Linn County, KS | 67 | $195,000 | $95,000 | 6.625% | $3,420 | $832,750 | $541,287 |
Who bought homes in Kansas City
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in Kansas City
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | Kansas City | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.625% | 6.625% |
| 30-year fixed rate · FHA | 6.375% | 6.250% |
| 30-year fixed rate · VA | 6.250% | 6.125% |
| 15-year fixed rate · conventional | 5.875% | 5.875% |
| Rate spread vs. APOR · conventional | +0.19 pts | +0.13 pts |
| Total loan costs · conventional | $3,360 | $5,570 |
| Total loan costs · FHA | $8,600 | $11,310 |
| Total loan costs · VA | $4,820 | $6,490 |
| Origination charges (all loan types) | $1,490 | $1,860 |
| Borrowers paying discount points | 39.9% | 51.3% |
| Points paid, when paid (% of loan) | 0.47% | 0.87% |
| Borrowers receiving lender credits | 30.4% | 33.1% |
| Adjustable-rate mortgages | 7.6% | 7.4% |
| Jumbo loans (above conforming limit) | 2.3% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
Kansas City: 1,274 of 26,876 completed home-purchase applications were denied (4.7%).
Denial rate
| Application | Kansas City | U.S. |
|---|---|---|
| Home purchase | 4.7% | 8.5% |
| Conventional | 3.9% | 7.1% |
| FHA | 7.6% | 12.5% |
| VA | 5.9% | 8.0% |
| USDA | 10.5% | 12.5% |
| Refinance | 14.0% | 17.9% |
| Cash-out refinance | 30.2% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in Kansas City
Source: FFIEC/CFPB HMDA 2025 public LAR (derived MSA/MD); OMB July 2023 delineations via the U.S. Census Bureau. Methodology