FHA loans are home loans insured by the FHA (Federal Housing Administration) which give Kansas borrowers the opportunity to secure a mortgage when they don't quality for other conventional loans. For example, potential homeowners with little credit history or poor credit are sometimes able to qualify for Kansas FHA loans.

Kansas FHA Loans for First-Time Homeowners

FHA loans are ideal for first-time Kansas homeowners due to low down-payment requirements and flexible qualifying guidelines.

Refinancing with FHA Loans in Kansas

FHA also offers a refinancing option where it's possible to refinance up to 97.5% of your home’s value. Additionally, there’s also an option for FHA cash-out refinance of up to 85%.

FHA Loan Requirements - Kansas

  1. No income limit
  2. Borrower credit score flexibility
  3. 3.5% down payment on Purchase Loans
  4. Bankruptcy: KS FHA loans can be obtained as soon as 2 years after Chapter 7 discharge (assuming good credit history since)
  5. Foreclosures: An FHA loan can be obtained as early as 3 years after the final date of foreclosure (assuming good credit history since)

Kansas FHA Loan Limits

FHA loan limits vary based on a number of criteria, including the specific location (county), number of units in the property (up to 4-unit properties), etc. Please contact Home Point Financial's loan experts for details on FHA loan limits in Kansas.