Kansas City Real Estate Network

Letter to Kansas City Home Buyers: National banks are losing local Kansas City mortgage  business to local mortgage lenders and banksI feel compelled to advise local homebuyers to think carefully whom they select when applying for a home loan. If you don't think who you choose to get your mortgage loan, read on . . .Over the years I have ...

Question: I currently live in Des Moines, IA and will be relocating to Kansas City this summer. I have a mortgage company that I have used in Des Moines, but they don't do mortgages in Kansas City. How do I find a mortgage company in Kansas City? Clayton R. from Des Moines, IA Answer: Great question, Clayton. A few years ago I would probably say ...

Mortgage Bank Financing Programs Available Luxury Home Financing                                           Friday, May 04, 2012 90% Jumbo Mortgage Loan10/1 ARM3.75% 30/15 ...

Our Physician's Loan Program recognizes the special financial needs of our clients in the medical field. Benefits of this Loan Program include: 100% LoansNo Private Mortgage Insurance (PMI)Fixed or Adjustable Rates15 or 30 year amortizationSpecial consideration given on student loansAvailable to medical doctors, medical residents, full time ...

Luxury Home Financing                                            Wednesday, April 25, 2012 90% Jumbo Mortgage Rates10/1 ARM3.875% 30/15 ...

My banker from Bank of Kansas City just shared some great mortgage interest rates with me, including the 0 Down Physician Mortgage Loan. Luxury Real Estate Home Financing 90% Jumbo10/1 ARM3.875% 30/15 Balloon4.375% 7/1 ARM3.500% 15 Yr Fixed4.000% 5/1 ARM3.250% 80% Jumbo30 Yr Fixed4.625% 15 Yr Fixed3.875% Physician 100%7/1 ...

I went out to lunch with one of my banker friends yesterday. We discussed what was new in the banking world and his new move to his new bank. He was excited about zero down physician mortgage loan that his bank is offering to medical doctors. His bank is licensed in many states and offers the physician mortgage loan to many of the ...

Question: When I graduated from medical school I got a physician mortgage loan to buy my first home. I'm now moving to Overland Park or Leawood, Kansas to work with a medical group. The PR department told me that Kansas does not have any physician loans. Do you know of any physician loans in Kansas? Dr. Harry K. from Dallas ...

Question:  Can I secure a Jumbo mortgage loan to buy a luxury home in Kansas City with 20% down and a credit score of 690? Kenny D. from Kansas City Answer: Yes, Kenny, you can qualify for a jumbo mortgage loan to buy a home in Kansas City with 20% down and a credit score of 690. I would contact a mortgage company of bank. Most credit ...

Question: I am looking at buying a short sale in Overland Park. The problem is I want to borrow more than what I'm paying for the home and my real estate agent and mortgage lender say that is impossible. They said I would have to get a separate home improvement loan. Is this correct?–Jackie from Overland Park, Kansas Answer: Not sure ...

Question: I had a friend buy a home with the USDA Rural Development mortgage loan in Gardner, Kansas. They really liked the process and the zero down aspect. I'm in the process of buying a home and wander if I could use the USDA Rural Development mortgage loan to buy a home in Liberty, Missouri? Janice from North Kansas City Answer: The USDA ...

New FHA Change may affect nearly 35% of the Kansas City Home Buyers who Obtain a FHA Mortgage A little known change that took affect this April with approving a FHA mortgage may affect home buyers buying a home in Kansas City The change is FHA says it will no longer approve a mortgage loan application for borrowers who have an outstanding or ...

Question: My fiancee and I have been planning on buying a home this spring before we get married this summer. Both of us are professionals and make good money. The problem is that although my fiancee has avoided a bankruptcy when he closed a business 2 years ago, his credit is poor. Should I see if I could qualify on my own so we could buy a home ...

Question: My boyfriend and I are looking to purchase a home in the Johnson County, Kansas this spring. We have a small down payment and will probably need down payment help for a conventional home loan. We need to stay in the area because of our jobs and would like to put our hard working money into a home. As first time home buyers, are ...

Question: I just filed for divorce. Can I use my VA eligibility to buy a home in Shawnee, Kansas. Joe L. from Shawnee, Kansas. Answer: Great question, Joe. You can use your VA  eligibility  to buy a home in Shawnee, Kansas when you have determined that you have full VA  eligibility,(meaning that you are currently ...

Question: I was recently contacted by mail from the Litigation Law Group out of California offering to reduce my house payment and lock in a low interest rate. I am currently not behind on my mortgage. I called them and after answering a few questions about our finances a representative called me back in less than an hour and said they could ...

Question: Can a Kansas City Realtor help my family find a house to rent to own. We are desperate and do not know the best way to find a home in Kansas City. Last year was an unfortunate year with a sudden illness, my husband lost his job and a bankruptcy. I have a stable fulltime job for over 14 years as a Physical Therapist with a very good ...

A few weeks ago the Justice department reached a settlement with five leading banks that provided residential mortgages. The settlement was $25 billion in restitution for abusive practices that pushed millions of homeowners into foreclosure. The five banks who agreed to the settlement were Ally Fiancial (formerly GMAC), Bank of America, ...

Question: My Chapter 13 has been discharged for six months and I have a 704 credit score (avg.) with a debt to income ratio of 28%. As such, can I qualify for a Mortgage to buy a home in Kansas City? If so, where should I look for a mortgage? Thanks. Charlene, Kansas City Answer: Unfortunately, Charlene, I'm going to be the bearer of ...

USDA Rural Development Loan Limits for 2012 have increased. This means that home buyers looking in USDA elegible areas and using a USDA RD loan can purchase a slightly more expensive home. Eligible cities in Kansas City on the Kansas side of the state line are: Spring Hill, Gardner, Edgerton, Baldwin City, Wellsville, Paola, ...