Kansas Mortgage and Refinance Rates

Current mortgage rates in Kansas

As of Monday, September 15, 2025, current mortgage interest rates in Kansas are 6.25% for a 30-year fixed mortgage and 5.44% for a 15-year fixed mortgage. Mortgage rates in Kansas and nationwide have held below 7 percent for much of 2025 so far, and many experts don't expect significant rate movement for the remainder of the year. However, factors to watch that could impact rates include potential rate cuts by the Federal Reserve and further economic uncertainty surrounding inflation and President Trump's tariff policies.

Refinance rates in Kansas

As with purchase rates, refinance rates in Kansas are likely to hover within the same 6.5 to 7 percent range for the foreseeable future. That means refinancing might not be too appealing if you've been waiting for rates to drop significantly. 

 If you’re considering refinancing, use Bankrate’s mortgage refinance calculator to figure out what the monthly payments would be and determine how much you may save by resetting your mortgage.

National mortgage rates by loan type

Kansas mortgage rate housing market statistics and trends

Kansas is a relatively affordable place to call home compared to national housing prices, but the state's housing market isn't easy for buyers right now. With only one month's worth of supply available in June, the Kansas housing market is tipped in the seller's favor. Whether you're house shopping in a city like Wichita or Kansas City, or you're hoping to purchase a prairie home far from the urban setting, use these statistics to inform the process:

• Median sale price (June 2025): $312,500
• Median days on market (June 2025): 18 (down by 3 days from year prior)
• Median down payment (May 2025): $62,500
• Kansas metros with fastest-growing sale price (June 2025): Lenexa, Salina, Derby, Andover, and Wichita
• Homes with price drops (June 2025): 35% (up 4.6 percentage points from year prior)

Sources: Redfin, ATTOM

Mortgage options in Kansas

Whether you’re buying your first home or trading up in Kansas, explore these loan options:

• Kansas conventional mortgages: To qualify for a conventional mortgage, you’ll need a minimum credit score of 620 and a debt-to-income (DTI) ratio of no more than 45 percent. With a down payment of less than 20 percent, you’ll need to pay private mortgage insurance (PMI), as well.
• Kansas FHA loans: If your credit history disqualifies you from a conventional mortgage, you might be able to obtain a loan insured by the Federal Housing Administration (FHA). If you have a down payment of at least 3.5 percent, you could qualify for this type of loan with a credit score as low as 580. 
• Kansas VA loans: If you’re a veteran or active-duty member of the military, you might qualify for a mortgage guaranteed by the U.S. Department of Veterans Affairs (VA). A VA loan doesn’t require a down payment or mortgage insurance, but you do need to pay a funding fee, which ranges from 1.25 percent to 3.3 percent.
• Kansas USDA loans: If you’re buying a rural property in Kansas, you might be eligible for a mortgage guaranteed by the U.S. Department of Agriculture (USDA). These loans don’t require a down payment, but you’ll need to purchase in a designated rural area and meet the area’s income limits.

First-time homebuyer programs in Kansas

In Kansas, qualifying individuals have access to a variety of national programs and locally administered educational opportunities to help them through the buying process. There’s also one Kansas-specific first-time homebuyer program and some city- and county-specific programs. Here’s an overview:

• Kansas Housing’s First Time Homebuyer Program: Kansas Housing, the state’s housing finance agency, offers the First Time Homebuyer Program to help you with your down payment, providing up to $40,000. To be eligible, you must be a first-time homebuyer (or haven’t owned a home in the past three years) obtaining a 30-year fixed-rate conventional, FHA, VA or USDA loan. In addition, your income can’t exceed 80 percent of the area median income you’re buying in. It's an interest-free second mortgage, but the loan is forgiven after 10 years, assuming you don't sell or refinance. Note: This program isn’t open to buyers in Topeka, Lawrence, Wichita, Kansas City or Johnson County, which have their own assistance programs.
• City of Leavenworth Home Ownership Program: The Leavenworth Home Ownership Program offers up to $8,000 in grant funding to low- to moderate-income first-time buyers purchasing within Leavenworth city limits. You won’t have to repay this grant if you stay in the home for at least five years.
• Topeka Opportunity To Own (TOTO) Program: The Topeka Opportunity To Own Program offers income-eligible homebuyers up to $5,000 in down payment assistance and up to $30,000 for home repairs. The maximum sales price is $75,000, and you'll need to be able to contribute at least $500 to the down payment.

How to find the best mortgage rate in Kansas

Additional Kansas mortgage resources

• Kansas loan limits by county: Learn the conforming loan limit for your city or town.
• Kansas mortgage lenders: Explore mortgage lenders in your state.
• Homeowners insurance in Kansas: Compare policies from a variety of providers.