Government Loan Options

Federal Housing Administration (FHA) 203B Loan

For first-time homebuyers or those with recently repaired credit.

• 3.5% down payment.
• Flexible credit requirements.
• Sellers may pay up to 6% closing costs.
• Available for metro-area properties, including Kansas City, Wichita, and Topeka.

VA Home Loan

For Active Duty and Honorably Discharged veterans.

• No down payment or mortgage interest required (provided the veteran is income and credit-qualified and the purchase price is less than or equal to the reasonable value of the property).
• Negotiable interest rate. 
• No mortgage insurance required
• Buyer informed of property’s reasonable value.
• Comparable closing costs with other financing types. 
• Gifts and seller contributions accepted toward closing costs.
• Right to prepay without penalty.
• Assistance to veteran home buyers in default due to temporary financial difficulty.

USDA Rural Housing

For low-income home buyers.

• 100% financing.
• Competitive fixed rates.
• Sellers may pay up to 6% closing costs.
• No application fee.