Kansas City FHA Loans

If you are thinking about relocating to Kansas City, right now is the ideal time to apply for an FHA home loan to buy your new house. The FHA has been helping people afford new homes since 1934, and today the home loan program is bigger and better than ever. The FHA and US Department of Housing and Urban Development (HUD) have made the home buying process as affordable and simple as possible for everyone who qualifies.

What are the benefits of FHA loans?

One of the biggest benefits of FHA loans is the low down payment feature. Right now you can get a new mortgage in Kansas City by only paying 3.5% down on the property. The overall cost of the loan will also be much lower because you will be able to take advantage of low interest rates and won’t have to pay any private monthly mortgage insurance.

Who qualifies for FHA loans?

Everyone is encouraged to apply for FHA loans in Kansas City. Your approval will be based on your financial history and current situation. You’ll need to provide your credit scores, bank balances, debt-to-income ratio and employment history in order to be approved.

What if I have less than perfect credit?

The standards for FHA loans are much more lenient than for conventional loans. Even if you have a blemish on your credit score, there’s a good chance you’ll still be able to qualify.

What properties are eligible for an FHA loan?

For a standard FHA loan in Kansas City, you’ll be able to buy a one to four-unit property as long as the price is below the county’s loan limits. There is also a mortgage designed for houses that need to be rehabilitated and houses that need energy efficiency upgrades. Be sure to go over each type of loan to find one that fits your needs best.

What refinance options are available?

If you already have an FHA loan and want to take advantage of lower interest rates, you can apply for a streamline refinance. With a streamline refinance, you can get a new mortgage without having to supply any additional paperwork or incur any out-of-pocket expenses.

Get Started Today!

Getting pre-approved for an FHA loan is incredibly easy when you fill out our online form. The process only takes a minute, is free and has no obligation.

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