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Overland Park Kansas Mortgage Lender

Home Loans In Overland Park, Kansas 

Overland Park is the second-most populous city in the state of Kansas. The city’s vibrant economy is driven by the service sector in health care, retail trade, professional, technical, finance, insurance, and information technology.

The housing market in Overland Park remains hot, but it’s not without its ups and downs, especially in light of recent events. Are you looking to buy a house in Overland Park? You’ll likely require financing unless you’ve got hundreds of thousands of dollars ready to spend. Luckily, the federal government helps people obtain the funding. 

Let’s talk about government-backed home loans and how they can help you become a homeowner in Overland Park. 

Government-Backed Mortgage Loans In Overland Park

The U.S. government helps Americans become bonafide homeowners. While the government doesn’t issue the loans, they provide the necessary security so that lenders can extend financing to eligible borrowers. 

In other words, the government assumes the risk of default —  it assures the lender that you, the borrower, will pay back your loan as outlined in the agreement terms. That’s why they are called ‘government-backed’ or ‘government-insured’ loans. 

These home loans are typically ideal for borrowers with lower credit scores or people who can not make a significant down payment. The three most popular types of government-backed home loans in Overland Park include: 

  • FHA Loans

The Federal Housing Administration (FHA) is the government agency that insures this type of loan. It operates under the U.S. Department of Housing and Urban Development.

FHA home loans provide easy access to financing to Americans with low credit scores or income. Under this setup, borrowers with credit scores as low as 500 can get a mortgage loan provided that they can pay at least a 10% down payment.

Borrowers with credit scores of 580 can get a loan with down payments that can go as low as 3.5%. However, mortgage insurance is one of the downsides of FHA loans. But as soon as you build enough equity on your home, you can remove mortgage insurance.

  • USDA Loans

People living in rural and suburban areas in the U.S. can get a loan guaranteed by the U.S. Department of Agriculture. USDA guaranteed home loans have lesser mortgage requirements that can even allow you to have zero down payment. 

However, the strictest requirement of a USDA loan is the income requirement. To be qualified for a USDA loan, your household income must be less than the average household income in the area where you want to buy a house.

  • VA Loans

A VA home loan is a particular loan for retired or active U.S. military service members. VA loans have zero down payment, but they have strict qualification service requirements. 

However, qualified members or spouses can quickly get a VA loan without worrying about credit score requirements and down payment.

Overland Park, Kansas Mortgage Lender

Capital Home Mortgage offers FHA, USDA, and VA loans for Overland Park homebuyers. We are direct mortgage lenders, so we handle every aspect of the loan process, including funding your loan. 

This puts us in a position to offer competitive interest rates, low processing fees, and flexible underwriting policies that won’t delay closing. 

Apply For A Home Loan In Overland Park

At Capital Home Mortgage, we are committed to providing you with excellent customer service and a stress-free home buying experience in Overland Park. 

Our mortgage experts are standing by to provide all the assistance you need to access the right home loan program for your needs. Get started on your Overland Park mortgage loan application now by calling (316) 261-5400 or using the tools on this website to apply online

Why Overland Park is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Overland Park Rates / Low Fees

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Overland Park Customer Service

7  Day a Week Support from Application to Final Mortgage Payment. 

Overland Park Mortgage Rates

Capital Home Mortgage Overland Park is dedicated to offering Great Overland Park Mortgage Rates. 

Call now to speak with a Loan Officer or request a no obligation custom rate quote.

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

Overland Park Kansas Mortgage Loans

Overland Park Home Purchases

Buying an Overland Park Home?

  • Primary, 2nd, Investment
  • Low Rates & Low Fees
  • Conventional, FHA, VA, USDA
  • Jumbo, Reno, Manufactured

Overland Park Renovation Home Loans

Overland Park Rehab Loans

  • Remodel, Renovate, Repair
  • FHA 203K Streamline or Full
  • Fannie Mae Homestyle Reno
  • Freddie Mac Choice Reno

Overland Park FHA Home Loans

1st Time Overland Park Homebuyers

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores Allowed

Overland Park VA Home Loans

100% Loans for Overland Park Veterans

  • Simply Qualifying
  • No Down Payments 
  • Lower Credit Scores Allowed
  • Manual Underwriting Allowed

Overland Park Conventional Home Loans

Flexibility for Overland Park Buyers

  • Primary, 2nd, Investment
  • Great Rates & Low Fees 
  • Single and Multi-Family
  • Renovation Loan Programs

Overland Park Jumbo Home Loans

Great Overland Park Rates

  • Primary & 2nd Homes
  • Higher Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Overland Park USDA Home Loans

Overland Park Rural Properties

  • Rural Properties Only
  • Primary Residence Only
  • New Manufactured Homes
  • Closing Costs Can Be Rolled In

Overland Park Native American Loans

Overland Park HUD 184 Loans

  • Primary Residence Only
  • Manual Underwrite All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Overland Park Manufactured Home Loans

Overland Park Home Loans

  • Purchase or Refinance
  • New Home Purchase
  • OTC Combo Land & Home
  • FHA, VA, USDA, & HUD 184

Overland Park Reverse Mortgages

Your Overland Park Home at Work

  • Primary Residence Only
  • Simple Qualifying
  • Credit Scores Not Applicable
  • Minimum Age 62

Overland Park Cash-Out Refinance

Overland Park Equity Refinance

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Overland Park Mortgage Refinance

Overland Park Rate & Term Refinance

  • Purchase, Refi & Cash-out
  • Primary, 2nd & Investment
  • Full Doc & Alt Doc Programs
  • Corporations OK

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