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?
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What our clients have said

I just appreciated being walked through the whole process. This was my first home and I had no clue on what to do and her whole team was very informative
Vera N 8/16/2021
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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!