Home Loans

Home Loans In Overland Park & Kansas City

There are a number of ways to finance the purchase of a home, most of which require securing a mortgage loan. Here are a few examples of mortgage loans available in the Kansas City area:

Conventional Loans

  • Traditionally require a 20% down payment
  • Best rates are usually available because buyers have more money invested in the property and lenders have less exposure
  • Less than 20% down mortgage loans available with Private mortgage Insurance but this increases the cost of the loan

FHA Loans

  • Lower credit score requirements
  • Down payment requirement as low as 3.5%
  • Government backed loans
  • Easier to qualify for than conventional loans

FHA 203K Loans

  • Easy to qualify for a mortgage loan as a traditional FHA loan
  • Provides money to buy the home and to fix it up
  • Allows you to buy homes that are in rough shape and fix them up the way you would like

VA LOANS

  • Available to Armed Forces veterans and veteran's spouses
  • No down payment necessary
  • Lower credit score requirements
  • No monthly Mortgage insurance gives you a lower monthly payment

NACA Loans

  • Interest Rates can be bought down by the seller all the way down to 2%
  • No minimum credit score requirement
  • No down payment necessary
  • Buyer is required to attend Homebuyer Counseling Workshop