Compare Current Mortgage Rates in Kansas
If you are comparing home purchase or refinance rate options in Wichita, Overland Park, Kansas City, Olathe, Topeka, or nearby areas, start by reviewing today’s mortgage rates. With a variety of loan types available, you can find the right monthly payment and loan terms to help make your homeownership goals possible.
Get a quoteThe listed rates, APRs, points, and estimated monthly payments are current as of today and may change anytime. These examples assume a FICO® Score of 780 or higher, and a specific down payment based on each loan product. They also assume the home is a single-family primary residence, and that up to one mortgage discount point may be purchased to lower the interest rate. Speak with a qualified mortgage loan officer to learn more about mortgage discount points.
Today’s Mortgage Rates for Kansas from a Top-Rated Mortgage Broker
Purchase rates
Conventional Fixed Rate Loans
A conventional fixed-rate loan gives borrowers a steady interest rate and predictable monthly payments for 15, 20, or 30 years. Most borrowers need a down payment between 3% and 20%, and private mortgage insurance may apply if equity is low. Credit score, closing funds, and property appraisal results are key factors in loan approval.
Conforming Adjustable Rate Mortgage (ARM) Loans
Adjustable-rate mortgages (ARMs) start with lower interest rates compared to fixed loans, resulting in smaller initial payments. However, rates can adjust over time based on market conditions. ARMs are best suited for borrowers who plan shorter stays or are prepared for possible payment changes.
Federal Housing Administration (FHA) Loans
FHA loans, insured by the Federal Housing Administration, make homeownership accessible for borrowers with moderate credit or limited savings. They require as little as 3.5% down, along with upfront and annual mortgage insurance premiums. FHA loans are especially popular among first-time homebuyers.
Veteran Affairs (VA) Loans
VA loans, backed by the U.S. Department of Veterans Affairs, provide qualified veterans, active-duty service members, and surviving spouses the ability to buy a home with no down payment and no mortgage insurance. They typically offer lower rates and easier qualification standards compared to conventional mortgages.
Jumbo Loans
Jumbo loans are used for properties that exceed conforming loan limits. These loans allow borrowers to finance higher-value homes but come with stricter requirements, such as larger down payments and strong credit scores. Interest rates are often slightly higher than conventional loans.
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Refinance rates
Conventional Fixed rate loans
Refinancing into a conventional fixed-rate mortgage offers stable monthly payments and a consistent interest rate. Borrowers usually need 20% equity to avoid private mortgage insurance. Credit history, property appraisal, and closing funds play key roles in loan approval.
Conforming Adjustable Rate Mortgage (ARM) Loans
ARM refinance loans provide initially lower interest rates that may change after the introductory period. They are best for homeowners planning to sell or refinance again soon, or those comfortable with possible payment fluctuations.
Federal Housing Administration (FHA) Loans
FHA refinancing is ideal for borrowers with lower credit or less equity. With flexible terms and government insurance, these loans offer accessible refinance options. Mortgage insurance remains for the life of the loan but helps expand refinancing opportunities.
Veteran Affairs (VA) Loans
VA refinance programs help eligible veterans and service members lower their monthly payments, consolidate debt, or move from adjustable to fixed rates. VA loans require no down payment and no mortgage insurance, making them an affordable refinancing choice.
Jumbo Loans
Jumbo refinance loans are meant for high-value properties that exceed conventional limits. These loans let homeowners tap into significant equity or adjust loan terms. While credit and income standards are stricter, they offer flexibility for luxury or high-value homes.
Frequently asked questions about mortgage rates
What is the difference between a fixed-rate and an adjustable-rate mortgage (ARM)?
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What are the main advantages of FHA loans?
How do VA loans benefit veterans and service members?
When is a jumbo loan necessary?
Can I refinance an ARM loan into a fixed-rate mortgage?
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