fbpx
Skip to main content

Kansas City, MO Conventional Loans

At USA Mortgage, we are committed to helping our customers find the right home loan for their needs. We offer a variety of conventional loans, including fixed-rate and adjustable-rate mortgages. Down payment assistance programs are also offered to help make home ownership more attainable. If you’re looking for a conventional loan in Kansas City, get started below! We’ll work with you to find the perfect loan for your new home.

What is a Conventional Loan?

A conventional loan is a mortgage that is not backed by a government agency. Conventional loans are available through private lenders, such as banks and credit unions. They typically offer lower interest rates than government-backed loans and may have more flexible terms. It’s the most common mortgage type hence why it is often referred to as a traditional mortgage. 

Exterior of blue, two-story house.
Who is eligible for a Conventional Loan in Kansas City?

Conventional loans are great for borrowers with strong credit who can make a down payment between 3% and 5%. Buyers must have at least a 620 credit score to qualify for a conventional loan. However, having a credit score above 740 can help you secure the best rates. Finally, it’s ideal to have a debt-to-income ratio of 43% or less. This will give you the highest chance of qualifying and a much better interest rate on this type of mortgage.

Why Conventional Loans?
  1. 01.
  2. 02.
  3. 03.

What our clients have said

They worked very diligently to get things taken care of and when it came down to knowing exactly what I needed to get me approved for my loan they were on top of it every time. I would have to say USA Mortgage made financing my home one of the easiest parts of the home buying process…
Nakea M. 6/18/2021
Read More Reviews

Your Next Home in Kansas City Starts Here.
Apply today to learn more about our Conventional Loans.

Ready to apply for a conventional loan in Kansas City, MO? Our Mortgage Loan Originators at USA Mortgage are here to make buying your dream home become a reality. We make the conventional loan process easy so you can move into your Kansas City as soon as possible. Apply now and see what rates you qualify for!