First-Time Homebuyer Tips: Your Guide to Getting a Mortgage in Wichita, KS
Buying your first home is exciting—but it can also feel overwhelming. From understanding loan options to getting pre-approved, there’s a lot to learn. At Randy Pitts – The Mortgage Squad, we specialize in guiding first-time buyers through every step of the mortgage process in Wichita, KS.
Whether you’re house hunting in Riverside, Delano, or College Hill, this guide will help you feel confident and prepared.
What First-Time Buyers Need to Know in 2025
The housing market in Wichita remains active, especially in the spring and summer months. That means buyers need to move quickly, but also smartly. Working with an experienced mortgage banker in Wichita, KS can make a major difference in securing the right loan and interest rate.
Top Tips for First-Time Homebuyers
1. Get Pre-Approved Before You Start Shopping
Pre-approval gives you a realistic idea of what you can afford—and shows sellers you’re a serious buyer. As a local mortgage lender in Wichita, we help you gather the right documents, check your credit, and explore your best options.
2. Understand the Types of Loans Available
There’s no one-size-fits-all mortgage. Some popular loan types include:
- Conventional Loans – Ideal for buyers with solid credit and savings
- FHA Loans – Great for buyers with lower down payments
- VA Loans – Available for eligible veterans and active-duty service members
We help you compare programs to find the right fit for your budget and lifestyle.
3. Budget Beyond the Mortgage
Don’t forget about:
- Property taxes
- Homeowner’s insurance
- Closing costs
- Maintenance and repairs
Wichita homes tend to be more affordable than national averages, but unexpected expenses can still pop up. Build in some cushion.
4. Work With a Local Team
Online calculators and national lenders can only get you so far. At The Mortgage Squad, we live and work in Wichita. We know the neighborhoods, the market trends, and the local requirements—and we’re here to help you every step of the way.
5. Ask Questions and Stay Informed
It’s okay to not know everything. That’s why we focus on education and transparency. From explaining your credit score to breaking down closing costs, we’re here to help.
Common First-Time Buyer Questions
How much down payment do I need?
Most loans require 3–20%. We can help you explore low down payment options.
What credit score do I need?
Generally, a score of 620 or higher is preferred, but other factors also play a role.
Can I qualify with student loan debt?
Yes—many buyers still qualify with student loans. We’ll assess your full financial picture.
Ready to Start Your Homebuying Journey?
Let Randy Pitts – The Mortgage Squad help you buy your first home with confidence.
👉 Schedule a Free Consultation Now
Legal Disclaimer: This content is for informational purposes only and does not constitute financial advice. Mortgage loan approvals are subject to lender review and applicable regulations.
