The best way to get an FHA Loan in Lee's Summit

Mortgage and Lending with Leader One Financial 164545

If your buying a home & considering Lee's Summit Missouri as an option, I'd like to share with you The best way to get an FHA Loan in Lee's Summit.  While we could spend hours and hours discussing what a great place Lee's Summit MO is to live; with its great schools and amenties that rival any place around the metro, we can't blame you for looking for a home there.

Rather than talk about all the things that are great about Lee's Summit, we'd reather talk to you about The best way to get an FHA Loan in Lee's Summit, because frankly, deciding where to live is not always as easy as deciding how to pay for where to live.  This is were our mortgage expert Darren Copeland comes into the conversation, Darren has been doing home loans for over 10 years and knows the best way to get you into your home, from VA loans to conventional and USDA or FHA mortgages. Darren knows what's best for you when you're wanting to buy a home and here's what Darren says is the best way to get an FHA home loan in this great city.

  1. Figure out your Down Payment
    • The greatest thing about the FHA Home Loan is that it only requires a 3.5% down payment!  That's a lot less than the 20% required by a conventional loan.  The other great option about this is that even if you don't have 3.5%, that's okay too, you can get it as a gift from a family member or a bunch of other options are available to you when you go with an FHA mortgage. 
  2. Know Your Credit Issues
    • One of the easiest ways to get a loan denied right away is to have a bad credit score.  While the FHA home loan has a great benefit that you can qualify with a lower score, it still has to be decent.  That's why it pays to have a good idea of what your score is before you go searching for a home loan.  Your mortgage lender is going to run your credit, but it's nice to be able to let them know what they might see when they pull it during the pre-approval process. Speaking of Pre-Approval:
  3. Get Pre-approved
    • This first step is simple and just requires you to spend about 10-15 minutes filling out an application (found here) that tells us how much money you make, your job history and current employment and some other personal information.  It's totally free and doesn't obligate you to use us for your financing (but we're pretty sure you're going to want to work with us when you find out how cool we are and how good we are at our job!)

That's the first few steps of getting your FHA Home loan.  If you'd like to hear more call us at 816-268-4025 or connect with us on social media and thanks for letting us tell you The best way to get an FHA Loan in Lee's Summit.

Posted by

Darren Copeland | Home Loans | Lee's Summit MODarren Copeland, Vice President LeaderOne Financial

4967-B NE Goodview Circle, Lees Summit, MO 64064

(816) 268-4025

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Comments (3)

Jane Peters
Home Jane Realty - Los Angeles, CA
Los Angeles real estate concierge services

This is excellent advice about getting your finances in order before starting your home search whether or not you are applying for an FHA loan. 

Aug 21, 2015 08:44 AM
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Darren Copeland - FHA is still the best option for those who cannot put much down! 

Aug 23, 2015 02:13 PM
Darren Copeland
Leader One Financial - Lee's Summit, MO
Darren Copeland

Jane Peters - You're right, this information works for any home loan! Praful Thakkar - it's the best, unless you want 0% down with USDA or VA loans!

Aug 24, 2015 12:13 AM