Your Derby Mortgage Lender
Get your home loan needs under control with our experienced Mortgage Lender in Derby, KS you can depend on for all of your residential loan needs? Call us today at (316) 683-4700 and Apply Now on your next loan!
One of your responsibilities as a homeowner is to ensure that you get the best mortgage loan for your home. This means enlisting in professional help with our expert Derby mortgage lender at The Brackeen Team focuses on many different types of loans like USDA Loan, VA Loan, Conventional Mortgages and more throughout Derby Kansas.
The City of Derby began in the early springs of 1869 by the Garrett family on the bank of Spring Creek. With about 300 people it was formally incorporated on June 1, 1903 as a city of the third class with a mayor-council form of government by the Board of Sedgwick County Commissioners, but still named El Paso. In 1956 that the name was officially changed from El Paso to Derby.
When looking to purchase your home in Derby, Kansas know that it is a town of about 22,158 as of the 2010 census. With the Rock River Rapids located at James St. and Rock Road and opened July 2004 giving kids and adults the fun of their life. Also built in 2004 the Derby Golf and Country Club, built by Lindsay Communities, is located in north Derby between Patriot Avenue and Meadowlark Boulevard.
Types Of Different Home Loans For Derby Kansas
Conventional Loan – These loans are normally given to buyers who have a good income, above average credit, and a good amount for a down payment. These factors reduce the risk to the lender that a borrower won’t pay back the loan, and less risk means lower interest rates.
FHA Loan – An FHA mortgage is a mortgage that is secured by the federal government, called the Federal Housing Administration. FHA loans require as little as 3.5 percent down. Making this loan one of the lowest down payments of any loan product available at this time. Conventional products typically require between 10 and 20 percent down, so this is a huge benefit to those with a little less cash in the bank.
VA Loan – Are you a veteran, service member or even eligible surviving spouse? Then A VA mortgage is a mortgage available to you. One of its benefits and Probably the best benefit to a VA mortgage is that it is a 100% financed, no down payment loan. For many first time home buyers, being able to finance the entire purchase price of your home is fantastic news.
Jumbo Loan – These mortgages are defined by a loan amount that exceeds the maximum amount that Fannie Mae and Freddie Mac will loan, otherwise called the conforming loan limit. That conforming limit is at $417,000.
We have many more options for you and your family to choose from. But the most important is to get you into a loan that will make you happy and comfortable for the next 10-30 years.