Conventional loans are a type of mortgage that is not insured or guaranteed by the government, such as the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA). Instead, conventional loans are offered by private lenders, including banks, credit unions, and mortgage companies. These loans typically have stricter eligibility requirements compared to government-backed loans, including higher credit score standards and larger down payment amounts. Conventional loans offer flexibility in terms of loan amounts, repayment terms, and interest rates, allowing borrowers to choose from various options to suit their financial needs and goals. Borrowers who can meet the stringent qualification criteria often benefit from competitive interest rates and terms, making conventional loans an attractive option for many homebuyers. Additionally, conventional loans do not require mortgage insurance once the borrower has built sufficient equity in the property, further reducing the overall cost of homeownership.
Are you a prospective home buyer in Kansas or Missouri? If so, understanding the different types of home loans available to you is crucial. In this comprehensive guide: conventional loan may be the ideal option for you. Whether you are…
Find the 2025 Missouri conforming loan limits by county below. Metropolitan Mortgage Corporation compiled the conforming loan limits data from Federal Housing Finance Agency Missouri conforming loan limits by county County NameStateOne-UnitLimitTwo-UnitLimitThree-UnitLimitFour-UnitLimitADAIR COUNTYMO$806,500$1,032,650$1,248,150$1,551,250ANDREW COUNTYMO$806,500$1,032,650$1,248,150$1,551,250ATCHISON COUNTYMO$806,500$1,032,650$1,248,150$1,551,250AUDRAIN COUNTYMO$806,500$1,032,650$1,248,150$1,551,250BARRY COUNTYMO$806,500$1,032,650$1,248,150$1,551,250BARTON COUNTYMO$806,500$1,032,650$1,248,150$1,551,250BATES COUNTYMO$806,500$1,032,650$1,248,150$1,551,250BENTON COUNTYMO$806,500$1,032,650$1,248,150$1,551,250BOLLINGER COUNTYMO$806,500$1,032,650$1,248,150$1,551,250BOONE…
Find the 2025 Kansas conforming loan limits by county below. Metropolitan Mortgage Corporation compiled the conforming loan limits data from Federal Housing Finance Agency Kansas conforming loan limits by county County NameStateOne-UnitLimitTwo-UnitLimitThree-UnitLimitFour-UnitLimitALLEN COUNTYKS$806,500$1,032,650$1,248,150$1,551,250ANDERSON COUNTYKS$806,500$1,032,650$1,248,150$1,551,250ATCHISON COUNTYKS$806,500$1,032,650$1,248,150$1,551,250BARBER COUNTYKS$806,500$1,032,650$1,248,150$1,551,250BARTON COUNTYKS$806,500$1,032,650$1,248,150$1,551,250BOURBON COUNTYKS$806,500$1,032,650$1,248,150$1,551,250BROWN COUNTYKS$806,500$1,032,650$1,248,150$1,551,250BUTLER COUNTYKS$806,500$1,032,650$1,248,150$1,551,250CHASE…
In this article, we’ll compare FHA vs conventional loans in Kansas City and discuss the benefits and drawbacks of each option. If you’re thinking about buying a home in Kansas City, you may be wondering which type of loan is…
When it comes to financing a home, borrowers often have to decide between jumbo and conventional loans. Both options have their merits, but understanding the key differences can help borrowers make an informed decision that aligns with their financial goals…
