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Your Path to the Perfect Home Starts Here with a Trusted Mortgage Broker

Want to make your dream home a reality? Mortgage Squad is here to help. With mortgage brokers serving Wichita and Topeka Kansas, Randy Pitts and David Chittwood bring extensive expertise to make buying, refinancing, or investing in a home easy and straightforward. Randy, based in Wichita, Kansas, and David, based in Topeka, Kansas, work together to find the perfect loan solutions for clients in Kansas and beyond.

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Find the Best Mortgage Options in Wichita, Kansas & Topeka, Kansas

Home Loans

Made Easy With Mortgage Squad

Finding the perfect home is important, and choosing the right loan is essential. Mortgage Squad makes the process simple, providing expert mortgage brokerage services in Wichita, Kansas, with Randy Pitts based locally and David Chittwood in Topeka, Kansas. Whether you’re buying a new home, refinancing, or investing, our team brings local knowledge and a commitment to finding you the ideal loan.

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Your Home, Your Loan.

Looking for a home loan? Mortgage Squad offers a wide range of mortgage options tailored to fit your needs and budget, including conventional, FHA, VA, and USDA loans. Our mortgage brokers, Randy Pitts in Wichita, Kansas, and David Chittwood, based in Topeka, Kansas, bring local expertise and personalized service to help you find the perfect loan solution.

Construction Loans

Looking to build your dream home? Mortgage Squad offers construction loans, a short-term financing option tailored specifically for new home construction.

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Reverse Mortgages

A reverse mortgage is a unique loan product designed specifically for homeowners aged 62 and above. It allows you to access a portion of the equity you’ve built up in your home without having to sell or make monthly payments. 

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Down Payment Assistance

At Mortgage Squad, we’re here to help make homeownership accessible. Our mortgage brokers, provide valuable information and assistance on a variety of down payment assistance programs. These programs are designed to make buying a home achievable for a broader range of clients. 

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Non-QM Loans

Mortgage Squad is committed to making homeownership accessible, even for those with non-traditional income sources or credit challenges. Our experienced mortgage brokers specialize in offering tailored loan options to meet the unique needs of every borrower. 

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Loan Programs for Investors

For real estate investors, Mortgage Squad provides specialized financing solutions tailored to investment properties, including rental and resale ventures. With expert mortgage brokers we understand the unique needs of property investors. 

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Home Purchase Loans

At Mortgage Squad, we offer a variety of loan options to help make homeownership accessible to everyone. Our offerings include conventional, FHA, VA, and USDA loans, each tailored to meet unique borrower needs and financial situations. 

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Refinancing Solutions

Mortgage Squad offers refinancing options to help homeowners optimize their current mortgages. Whether you’re looking to adjust your interest rate, change loan terms, or tap into your home’s equity with cash-out refinancing, our team is here to guide you. We provide expert support to help you find the best refinancing solution for your financial goals. 

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First-Time Homebuyer Programs

At Mortgage Squad, we’re dedicated to making the home-buying journey easier for first-time buyers.  Our experienced mortgage brokers are here to ensure that your path to homeownership is accessible, manageable, and stress-free.

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FAQ

Frequently Asked Questions

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First Time Home Buyers
What are the requirements for first-time home buyers to qualify for a loan?
To qualify, you typically need a credit score of at least 620, a stable income, and a debt-to-income ratio lower than 43%. Some programs allow lower credit scores or DTIs.
What programs are available specifically for first-time home buyers?
Programs include FHA loans with lower down payments, USDA loans for rural homes, VA loans for veterans, and local first-time buyer assistance programs offering grants or down payment assistance.
How much down payment is typically required for first-time home buyers?
Down payments can range from 0% (VA and USDA loans) to 3.5% (FHA loans) and up to 20% for conventional loans, depending on the loan type and your credit situation.
What are the advantages of being a first-time home buyer?
Advantages include access to special loan programs, lower down payments, potential tax benefits, and various state or local grants and programs designed to help first-time buyers.
What should I know about the home buying process as a first-time buyer?
Understand your budget, get pre-approved for a mortgage, research neighborhoods, hire a real estate agent, and be prepared for closing costs and other expenses beyond the down payment.
Loan Types and Options
What are the differences between fixed-rate and adjustable-rate mortgages?
Fixed-rate mortgages have the same interest rate and monthly payment for the life of the loan. Adjustable-rate mortgages (ARMs) have a rate that may change periodically, affecting your monthly payment.
Can you explain the benefits and drawbacks of FHA loans?
Benefits include lower down payments and easier credit qualifications. Drawbacks include mandatory mortgage insurance premiums (MIP) and limits on loan amounts.
What is a VA loan and who qualifies for it?
VA loans are for veterans, active-duty military, and some surviving spouses. They offer no down payment options and no private mortgage insurance (PMI). Eligibility is based on service requirements.
What are the differences between conventional loans and government-backed loans?
Conventional loans are not insured by the government and typically require higher credit scores and down payments. Government-backed loans (like FHA, VA, and USDA) offer lower down payments and are easier to qualify for but may have other requirements or fees.
How do I decide which type of mortgage is best for me?
Consider your credit score, down payment capability, long-term financial goals, and whether you qualify for any government-backed loans. Consulting with a mortgage advisor can help determine the best fit for your situation.
Mortgage Glossary
What is APR and how does it affect my loan?
APR (Annual Percentage Rate) represents the total cost of borrowing, including the interest rate and other loan fees, expressed as a yearly rate. It helps you compare the total cost of different loans.
Can you define what a mortgage refinance is and when it might be beneficial?
Refinancing is replacing your existing mortgage with a new one, often to lower the interest rate, reduce monthly payments, or tap into home equity. It’s beneficial when interest rates drop or your financial situation improves.
What does LTV (Loan to Value) mean?
LTV ratio measures the relationship between the loan amount and the value of the property. It’s calculated by dividing the loan amount by the home’s value. Lower LTV ratios can lead to better loan terms.
Explain the difference between pre-qualification and pre-approval.
Pre-qualification is an initial assessment of your lending power based on self-reported financial information. Pre-approval is a more rigorous process that involves a credit check and verification of your finances.
What is PMI (Private Mortgage Insurance) and when is it required?
PMI is insurance that protects the lender if you default on your loan. It’s typically required on conventional loans when your down payment is less than 20% of the home’s value.
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Mortgage Squad

149 S Andover Rd, Andover, KS 67002, United States

+1 316-448-6947

info@mortagesquad.com

NMLS ID #192521
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NMLS ID 12007

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CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE ATWWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEB SITE AT WWW.SML.TEXAS.GOV.

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