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Exploring Home Loan Options in Kansas and Missouri

Looking to buy a new home in Kansas or Missouri? Figuring out the best mortgage can be overwhelming. Luckily, Metropolitan Mortgage Corporation is here to help!

We specialize in connecting homebuyers across Kansas and Missouri with the perfect loan program for their needs. Here’s a breakdown of some popular options:

Conventional Loans:

These are the most common mortgages, offered by banks and lenders. They can be fixed-rate (interest rate stays the same) or adjustable-rate (interest rate fluctuates). You can use them for primary residences, second homes, or investments. Typically, a minimum credit score of 620 and a down payment of 3-5% are required.

FHA Loans:

Backed by the government, FHA loans are ideal for those who might not qualify for conventional financing. With a lower down payment (just 3.5%) and more flexible credit score requirements, they’re a great option for many buyers. You can use FHA loans for primary residences, multi-unit properties, and refinancing.

VA Loans:

Exclusively for active military personnel and veterans, VA loans are backed by the Department of Veterans Affairs. They offer significant benefits like no down payment, no private mortgage insurance (PMI), and relaxed credit score requirements. Use VA loans for primary residences, multi-unit properties, or refinancing.

USDA Loans:

Backed by the US Department of Agriculture, USDA loans are designed for purchasing homes in rural areas. They offer advantages like no down payment, low interest rates, and more flexible credit score requirements. Use USDA loans for primary residences, multi-unit properties, or refinancing.

Jumbo Loans:

Needed for high-value properties exceeding conforming loan limits ($726,200 for single-family homes in Kansas and Missouri), jumbo loans come with larger down payments and stricter credit score requirements than conventional loans.

Vacation/Second Homes:

Consider a conventional loan for your vacation home purchase. These loans can be used for secondary residences and offer competitive rates and terms.

Renovation Loans:

We understand that your dream home might need some TLC. Explore renovation loan options to cover both the purchase price and the cost of renovations.

Metropolitan Mortgage Corporation: Your Kansas and Missouri Mortgage Partner

At Metropolitan Mortgage Corporation, we understand that every borrower has unique needs. That’s why we offer a diverse range of loan programs to fit your situation, whether you’re a first-time buyer or a seasoned investor. We pride ourselves on competitive rates, flexible terms, and exceptional customer service.

Ready to find your dream home?

Contact Metropolitan Mortgage Corporation today to explore your loan options and get started on your homeownership journey!

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