Ranked #1 Loan Center in Kansas
The mortgage company you choose for your Wichita, Kansas or Topeka, Kansas home loan can significantly impact your financial future for years to come. Your home is likely the largest purchase you’ll make in your lifetime, and selecting the right mortgage loan is the first step in achieving your homeownership goals. At Mortgage Squad, we are committed to helping you navigate this important decision with expert advice and personalized service. Let Randy Pitts in Wichita and David Chittwood in Topeka guide you to the best mortgage solution for your needs.
Excellent 4.9 out of 5
Choosing the Right Mortgage Loan for You
Selecting the right mortgage loan for your needs is the first step toward realizing your homeownership goals.
Construction Loans
A construction loan is a short-term loan for building a new home, disbursed in phases based on construction milestones. Unlike traditional mortgages, funds are allocated as needed throughout the process.
At Mortgage Squad, serving Wichita, Kansas through Randy Pitts and Topeka, Kansas through David Chittwood, we help clients secure construction loans tailored to their needs, ensuring your project stays on track and within budget.
Reverse Mortgages
A reverse mortgage is a loan option for homeowners aged 62 and older, allowing you to access the equity in your home without selling or making monthly payments. Unlike traditional mortgages, the loan balance increases over time as you receive funds, instead of decreasing with each payment. At Mortgage Squad, we help you understand and secure the right reverse mortgage option for your needs in Wichita, Kansas and Topeka, Kansas.
Down Payment Assistance
We provide information and support for various down payment assistance programs, making homeownership more accessible to a broader range of clients. Let us help you find the right program to make your homeownership dreams a reality.
Non-QM Loans
We specialize in offering loan options for borrowers with non-traditional income sources or credit challenges, ensuring more people have access to home financing. Let us help you find the right solution for your unique situation.
Loan Programs for Investors
We offer specialized financing solutions for real estate investors, including loans for rental and resale properties. Our programs are designed to support your investment goals and help you grow your real estate portfolio.
Home Purchase Loans
We offer a variety of loan options for buying a home, including conventional, FHA, VA, and USDA loans. Each option is tailored to meet the unique needs and financial situations of different borrowers, helping you find the perfect fit for your home purchase.
Refinancing Solutions
We offer refinancing options to help homeowners adjust their interest rates and terms, or access equity through cash-out refinancing. Let us guide you in finding the best solution to meet your financial goals.
First-Time Homebuyer Programs
We offer specialized services for first-time homebuyers, including educational resources and down payment assistance, to make the home buying process more accessible and manageable. Let us help you take the first step toward homeownership
First Time Home Buyers
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.
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.
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.
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.
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
Mortgage Glossary
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NMLS ID #192521