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10 Best Kansas City Mortgage Lenders of 2020

NerdWalletJanuary 2, 2020

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Locating a mortgage lender in Kansas City is easy, but finding the right one can be overwhelming. NerdWallet did the research to recommend some of the best.

You’ll find a strong stable of mortgage companies in the Kansas City area, regardless of which side of State Line Road you look. The challenge? Sifting through the plethora of options.

To make the process easier, NerdWallet researched the local market to find some of the best national and regional mortgage lenders for a variety of borrowers. These companies do business throughout the area and are good places to start your search.

Summary of Best Kansas City Mortgage Lenders of 2020

LenderNerdWallet Rating Minimum Credit Score Minimum Down PaymentLearn More

Quicken Loans: NMLS#3030

at Quicken Loans

Best for first-time home buyers

620

3%

at Quicken Loans

Vylla: NMLS#2600

Best for first-time home buyers

620

3%

Read review

NBKC: NMLS#409631

at NBKC Bank

Best for online convenience

620

3%

at NBKC Bank

Bank of America: NMLS#399802

Best for online convenience

620

3%

Read review

Guaranteed Rate: NMLS#2611

Best for nonbank option

620

3%

Read review

Fairway Independent Mortgage: NMLS#2289

at Fairway

Best for nonbank option

620

3%

at Fairway

PrimeLending: NMLS#13649

Best for niche loan products

620

3%

Read review

Flagstar: NMLS#417490

Best for niche loan products

620

3%

Read review

USAA: NMLS#8722

Best for veterans

620

3%

Read review

Navy Federal: NMLS#399807

Best for veterans

N/A

0%

Read review
Logo

at Quicken Loans

Quicken Loans: NMLS#3030

Logo

Min. Credit Score

620

Min. Down Payment

3%

at Quicken Loans


Why we like it

Ideal choice for convenience and quick-response customer service. Quicken Loans provides just about all the services your neighborhood lender does — with online convenience.

Pros

  • Quicken Loans couples a fully online application with available mortgage advisors for those who want a human touch.

  • Instantly verifies employment and income for more than 60% of working Americans.

  • Offers custom fixed-rate loan terms that are between eight and 30 years.

  • Provides FHA-backed loans, USDA loans as well as products offered by Freddie Mac and Fannie Mae that require down payments as low as 3%.

Cons

  • Quicken Loans doesn't offer home equity loans or HELOCs.

  • If you’re a “look me in the eye” type of customer, you’re out of luck.

  • Doesn’t consider alternative credit data. It just looks at credit scores and debt-to-income ratios, the way most mortgage lenders always have.

Read Full Review

Vylla: NMLS#2600

Logo

Min. Credit Score

620

Min. Down Payment

3%


Why we like it

Ideal for first-time home buyers or credit-challenged borrowers who may have trouble qualifying for a mortgage.

Pros

  • Low minimum credit score.

  • Online application, loan tracking and document upload.

  • Free rate locks.

Cons

  • No online preapproval.

  • No presence in Massachusetts or North Dakota.

Read Full Review
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at NBKC Bank

NBKC: NMLS#409631

Great for first-time home buyers | digital convenience | customer service

Logo

Min. Credit Score

620

Min. Down Payment

3%

at NBKC Bank


Why we like it

Good for borrowers with solid credit who want to pay low fees and get an online experience with phone support. VA loans are an emphasis.

Pros

  • Offers low rates and fees when compared with other lenders.

  • Extends full online capabilities, from application to loan tracking.

  • Displays customized rates, with fee estimates, without requiring contact information.

Cons

  • Equity lines and construction loans are available only in the Kansas City metro area.

  • Doesn’t offer renovation loans.

Read Full Review

Bank of America: NMLS#399802

Logo

Min. Credit Score

620

Min. Down Payment

3%


Why we like it

Ideal for borrowers who prefer a traditional bank. Bank of America offers a wide array of mortgages and online account management tools. It also has first-time home buyer loans with low down payments and no mandatory mortgage insurance.

Pros

  • Allows borrowers to apply entirely online.

  • Offers down payment and closing cost assistance programs.

  • May give existing customers a discount on mortgage lender origination fees.

Cons

  • Does not offer renovation loans.

Read Full Review

Guaranteed Rate: NMLS#2611

Logo

Min. Credit Score

620

Min. Down Payment

3%


Why we like it

Ideal for borrowers who are looking to apply for a mortgage and manage the process through online tools, whether buying or refinancing. Guaranteed Rate offers FHA, VA and USDA loans for borrowers who meet robust guidelines.

Pros

  • Works with most borrowers as long as they have good credit scores and incomes.

  • Provides a user-friendly digital platform that’s thorough in covering all types of borrowing scenarios.

  • Has a 95% customer satisfaction rate, according to company data.

Cons

  • Charges some fees, such as a $1,290 lender fee, which includes a $150 application fee.

  • Offers many products, which might confuse or overwhelm borrowers.

  • Several click-throughs required for personalized rates.

Read Full Review
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at Fairway

Fairway Independent Mortgage: NMLS#2289

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Min. Credit Score

620

Min. Down Payment

3%

at Fairway


Why we like it

Ideal for borrowers who want lots of options and a quick turn time. Fairway Independent Mortgage offers a full selection of home loans along with a comprehensive mobile app for a fast and easy application process.

Pros

  • A robust suite of loan products.

  • Licensed in all 50 states.

  • Close in as little as 10 days using the Fairway app.

Cons

  • Limited branch locations.

  • Mortgage rates not posted on website.

Read Full Review

PrimeLending: NMLS#13649

Logo

Min. Credit Score

620

Min. Down Payment

3%


Why we like it

Good for: borrowers looking for closing cost assistance, as well as those seeking to renovate or to build a new home.

Pros

  • Full online application includes document uploads and automated loan updates.

  • Offers a "float-down" interest rate lock.

  • Offers a proprietary closing-cost assistance program.

Cons

  • No online mortgage rates — you have to contact the lender for info.

  • Doesn't offer home equity products.

Read Full Review

Flagstar: NMLS#417490

Logo

Min. Credit Score

620

Min. Down Payment

3%


Why we like it

Good for borrowers who want a wide range of choices — not only among mortgage products, but also in the channel they prefer, whether a branch, online or on the phone.

Pros

  • Offers a wide range of loan types and products, including FHA, VA and USDA.

  • Has a full suite of online conveniences.

  • Does well with rate transparency, and monthly payment estimates add mortgage insurance, when applicable.

Cons

  • Doesn’t offer renovation loans at this time.

  • Home equity lending is geographically limited.

Read Full Review

USAA: NMLS#8722

Logo

Min. Credit Score

620

Min. Down Payment

3%


Why we like it

Ideal for military members and their relatives who are interested in a VA loan.

Pros

  • VA loans are the bulk of USAA’s business, so it knows the ins and outs of eligibility.

  • Lots of experience assisting first-time home buyers.

  • Offers online pre-qualification.

Cons

  • Doesn’t offer FHA or USDA loans.

  • Alternative credit is not considered.

Read Full Review

Navy Federal: NMLS#399807

Logo

National / Regional

National

Min. Down Payment

0%


Why we like it

Ideal for military members and their families. Navy Federal Credit Union offers a wide range of mortgage products, an online application and considers alternative credit data for certain loan types.

Pros

  • Wide range of affordable mortgage products designed for military members.

  • Willing to look at nontraditional credit data, such as rent payments, as part of its credit evaluation for certain products.

  • Online application for preapproval with quick decision.

Cons

  • Website does not provide customized mortgage rates based on credit score or other factors before you apply.

Read Full Review

Local mortgage lenders in Kansas City

The following companies haven’t been reviewed by NerdWallet, but they do a lot of business in the Kansas City metropolitan area. They’re worth investigating if you’re looking for more options.

  • Good for borrowers looking for a homegrown credit union.

  • Offers membership to Kansas City area residents, workers and employees of select companies outside the area.

  • Has an adjustable-rate loan available with no down payment for first-time home buyers.

  • Offers FHA, USDA and VA mortgages, as well as fixed-rate home equity lines of credit.

  • Has two mortgage-lending locations in the Kansas City area.

  • Has an online application available.

  • Makes its lending decisions locally.

  • Good for borrowers looking for a full suite of fixed- and adjustable-rate mortgage options.

  • Allows you to start an application online.

  • Offers FHA, USDA and VA mortgages.

  • Offers no and low down payment options, including a special program for physicians.

  • Good for borrowers looking for online conveniences.

  • Has an online application and displays mortgage rates on its website.

  • Has programs available for low- and moderate-income home buyers.

  • Offers construction loans and combined purchase and renovation loans.

More from NerdWallet

Last updated on January 2, 2020

Methodology

NerdWallet's selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.

To recap our selections...

NerdWallet's Best Kansas City Mortgage Lenders of 2020