You can find many different types of home loans for homebuyers in Kansas City. Each home loan product has different requirements the borrower must meet. Fortunately, you don’t have to know all the details. Ed Baldwin will evaluate your financial situation and find the best mortgage option for you.
We offer a variety of loan products:
- Conventional
- Jumbo / Non-Conforming
- FHA
- VA
- USDA
- Missouri MHDC and Kansas Housing Assistance Program
- Home equity lines of credit (HELOC)
- Fixed-rate and term home equity loans
- Home improvement loans
- ARMs – Fixed/adjustable rate mortgages
Conventional Mortgages
While conventional mortgages tend to require good credit scores, with qualifying credit and a decent income you can get into a home with as little as 3% to 5% in down payment. What is even better is that most of Ed’s conventional loan clients pay no monthly PMI and no upfront mortgage insurance either. Whether it is a purchase or refinance loan, Ed can help homebuyers or existing homeowners with 3% to 5% equity or more avoid PMI from the very get-go. That most often makes the loan payment more affordable than a FHA loan. The sooner you call Ed to find out how he does it, the sooner he can get you qualified for a NO PMI loan and save you money!
Loans Backed by the Federal Government
If you can qualify for a FHA or VA home loan, you can become a homeowner with a very small down payment or even a zero-down payment. Both FHA and VA home loans are backed by the government, which allows the lender to be more lenient towards your credit score. USDA home loans are also backed by the federal government. Just like VA home loans, USDA home loans allow you to purchase a home with 100% financing. Not all lenders are qualified to offer Government backed home loans.
Home Improvement Loans
Home Improvements can be expensive. If you don’t have the money to pay for a home remodel, a Home Improvement Loan from Ed Baldwin Home Loans can give you the money you need. Typically, at a significantly lower interest rate than you would receive from other sources of financing. We will find you the best loan and keep your mortgage payments affordable.
What Makes Us Different
Ed Baldwin works to eliminate up-front mortgage insurance premiums on FHA loans, VA funding fees on VA purchases and refinances, monthly PMI from conventional loans, and closing costs associated with all loan types for his borrowers.