Starting the homebuying journey can be a daunting task — but you’re never alone with nbkc. See how we can help you turn a dream home into a reality.
Getting a pre-approval letter from nbkc lets sellers know you’re a serious buyer. It’s a crucial step in the homebuying journey because the letter proves that you have a lender supporting you, can afford the offer you made and will have a smooth closing.
Pre-qualification is the first step in getting pre-approved. It gives us a high-level overview of your financial situation — including your income, assets and any debts. Pre-qualification gives us a good idea of your creditworthiness and an estimate of how much you can borrow.
Pre-approval is a much more in-depth process that involves an extensive review of your financial background and credit rating after you complete an official mortgage application. We’ll pre-approve you up to a specific loan amount, which gives you a good idea of the interest rate once you borrow.
Our $5k Close-On-Time Guarantee pays both the seller and the buyer $2,500 if we don’t close the loan on time. We get down to business. Fast.
nbkc offers fixed mortgage rates for 10, 15, 20, 25 and 30-year terms.
The most common mortgage type is a 30-year fixed-rate mortgage. Many buyers choose the mortgage because it provides a lower monthly payment and potential savings on interest over time.
The 30-year fixed-rate mortgage is a great choice if you plan to stay in your home for many years.
We also offer adjustable-rate mortgage loans. Our most popular ARM loans have a fixed-interest rate of five years. An ARM loan may be the right choice for you if you plan on moving prior to the date that your fixed-rate ends. Consider the following.
An FHA loan is federally insured by the US Housing Administration. It’s a good option if you have a fair-to-good credit score, want to use less out-of-pocket cash than most conventional loans or do not qualify for conventional financing.
Generally speaking, FHA standards are not as strict as other loans when it comes to mortgage insurance. Our FHA loan specialists are fully trained in the HUD-insured loan industry — so they can help you find information on guidelines to determine if you qualify for an FHA loan.