About Wichita

Wichita is a city in south-central Kansas. Exploration Place features hands-on science exhibits and Kansas in Miniature, a display of animated models depicting 1950s Kansas. Old Cowtown Museum recreates 19th-century life with old buildings and costumed guides. Themed gardens at Botanica Wichita include a wildflower meadow and a Chinese garden. The Museum of World Treasures has Egyptian mummies and a T. rex skeleton.

Wichita is known as the "Air Capital of the World." Wichita is the birthplace of Pizza Hut and White Castle fast-food chains. A.A. Hyde discovered Mentholatum in 1894 in the current The Spice Merchant & Company building.

There are many reasons to visit Wichita, Kansas, a great Midwest city, but world-class museums, art, food, and Keeper of the Plains are a few. The first time I visited Wichita, I was in love instantly. If you picture Wichita full of conservative families who are unbelievably nice, you would be right. Sure there are exceptions to every rule, but overall Wichita is just as Midwestern as you'd expect it to be.

Wichita Real Estate Market Trends - The median list price of homes in Wichita, KS was $248,290 in April 2022, compared to $247,900 in 2021. Wichita, KS was a seller's market April 2022, which means that there are more people looking to buy than there are homes available. Based on the most recent reports from Wichita Realtors, the answer is a resounding "Yes!" with tight inventory keeping housing prices high in the state high. It's true that Wichita has one of the hottest real estate markets in the country, and for good reason. We are serving most of the Wichita zipcodes including 67202, 67203, 67209, 67211, 67212, 67213, 67214, 67215, 67218, 67228, 67235, 67260.

Credit score requirements are lower compared to other loans.
Your lender can accept a lower down payment.
You could still qualify for an FHA loan if you have a bankruptcy or other financial issues in your history.
Closing costs can often be rolled into your loan.

Get approved to refinance. See expert-recommended refinance options and customize them to fit your budget.

Types of Loans in Wichita we are offering

All loans are not created equal, personal loan has become a great option for people to use.

First Time Home Buyer Wichita

When it comes to purchasing a home, you can get in with a little as 3.5% down if you have a median FICO® Score of 580. It's worth noting that if you have a score that low, you'll need to keep an equally low DTI. We require a ratio of no more than 38% before your mortgage payment is included, and no more than 45% after the inclusion of your payment.

Apply First Time Home Buyer Loan

FHA Loan Wichita

If you find yourself in a situation where you're in some other type of mortgage and you want to take advantage of lower rates, but your credit has taken a hit, you may want to look into an FHA rate/term refinance.

Apply FHA Loan

Hard Money Loan Wichita

An FHA Streamline allows those with existing FHA loans to do a rate/term refinance with a few special benefits. To begin with, you may be able to refinance into a lower rate even if you owe more on your home than it's worth.

Apply Hard Money loan

VA Loan Wichita

A VA loan is a mortgage loan available through the U.S. Department of Veterans Affairs for service members, veterans, and their surviving spouses. VA loans typically have lower interest rates than conventional loans and require no down payment. They also come without mortgage insurance costs, which limit your buying power.

Apply VA loan

Wichita State Loan Eligibility

There are certain requirements borrowers must meet to qualify for an FHA loan (may differ case to case and lender to lender basis), including:

Home

• The home you consider must be appraised by an FHA-approved appraiser.
• You must occupy the property within 60 days of closing.
• You can only get a new FHA loan if the home you consider will be your primary residence, which means that it can't be an investment property or second home.
• An inspection must occur, and the inspection must report whether the property meets minimum property standards.

Credit Score

• The type of credit you have (whether you have credit cards, loans, etc.)
• Credit utilization, which is simply how much credit you use
• Whether you pay your bills on time
• The amount you owe on your credit cards
• How much new and recent credit you've taken on

FHA Loan Limits

• According to the Department of Housing and Urban Development, the maximum FHA lending amount for high-cost areas (such as large metropolitan areas) is up to $970,800 for 2022.
• The policies of lenders regarding Alaska and Hawaii do differ in terms of loan limits.
• In lower-cost areas, the FHA limit can dip as low as $420,680.
• Loan limits are set based on county property values.
• These are the limits for one-unit properties. If you have multiple units, limits may be higher.

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

Can I pay off my FHA loan early?

Yes, you can pay off your FHA loan without a penalty for early pay off. HUD explains that a borrower may pre-pay an FHA mortgage in whole or in part and that the mortgage lender can't charge a penalty if you decide to do this.

Do you offer refinancing ?

A refinance occurs when the terms of an existing loan, such as interest rates, payment schedules, or other terms, are revised. Borrowers tend to refinance when interest rates fall. Refinancing involves the re-evaluation of a person or business's credit and repayment status.

We offer Refinance loan programs for those who want to leverage their existing real estate investment portfolio's equity to acquire additional assets in order to generate more recurring monthly cash flows without the hassle of providing income documentation that traditional mortgages may require. These loan options are for Professional Investors as well as First Time Investors that are looking to explore opportunities in real estate investment.

When should I apply?

If you apply before you are ready, you risk loan approval. How? Borrowers should be prepared to come to the home loan process with no fewer than 12 consecutive months of on-time payments on all financial obligations.

The debt-to-income ratio is a tool the lender will use to determine if you are able to afford the home loan under FHA requirements and lender standards. Your income, minus your monthly financial obligations, are the basic debt ratio calculation.
HUD 4000.1, the FHA loan handbook, states that FICO scores will be an important factor in setting the DTI. For example, borrowers with FICO scores that fall into the FHA maximum financing range for the lowest down payment (580 or above according to FHA standards) would qualify for a debt ratio maximum of 43% (with mortgage expenses included in the ratio) with no compensating factors required.
Potential FHA borrowers with high debt ratios and other credit issues should work on those issues first before starting the FHA loan paperwork process or house hunting. The attention you give your credit and debt ratios today can get you much closer to FHA loan approval tomorrow.

Where are you located?

We are conveniently located in Tampa, Wichita with offering our loan services nationwide

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