Conventional Loans are mortgage loans that are not insured by the government (like FHA, VA, USDA Loans), but they typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Typically, conventional loans have better rates, terms and/or lower fees than other types of loans. However, conventional loans typically require a borrower to have good-to-excellent credit, reasonable amounts of monthly debt obligations, a down payment of 5-20% and reliable monthly income. Conventional loans are ideal for borrowers with excellent credit and at least a 5% down payment.
Fixed Rate Mortgages: Your rate and payment never change.
Adjustable Rate Mortgages: After the initial period your interest rate can change once a year.
For Purchase transactions Conventional Loans require the home-buyer to put down at least 5% - 20% of the purchase price of the home. For a Refinance transaction, most mortgage lenders require at least 10% equity in the property.
Most conventional loan programs allow you to purchase single-family homes, warrantable condos, planned unit developments, and 1-4 family residences. A conventional loan can also be used to finance a primary residence, second home and investment property.
We help first-time buyers, move-up buyers, and investors across Missouri with conventional, FHA, VA, USDA, and jumbo options.
Secure high-value home financing with competitive jumbo loan rates tailored for luxury property purchases.
Comprehensive commercial real estate financing designed to help businesses and investors purchase or refinance.
Eligible veterans and active-duty service members can use VA financing with no down payment in many cases.
USDA rural housing loans offer zero down payment for eligible properties around the KC metro.
Investors can qualify on rental income with DSCR loans across multiple lenders.
Alternative non-QM loan programs offering flexible qualification guidelines for self-employed and unique buyers.
Tailored home financing solutions allowing non-U.S. residents to invest in and purchase U.S. real estate smoothly.
Tap into your accumulated home equity to access cash for renovations, debt consolidation, or major expenses.
Compare refinance options across our lender network. We walk you through break-even timing before you commit.
FHA loans can work for buyers with smaller down payments or shorter credit histories.
Self-employed buyers and 1099 earners often qualify using bank deposits instead of tax returns.
Convert built-up equity into cash without monthly mortgage payments, designed specifically for seniors aged 62+.
Atlas Mortgage Group delivers custom home loans in Kansas City, offering access to 20+ wholesale lenders for low rates, fast pre-approvals, and seamless closings.
Top-rated Lee's Summit mortgage broker offering personalized financing, low rates, and streamlined home loans or refinancing options tailored to your needs.
Atlas Mortgage Group provides home purchase and refinance options in Overland Park, KS with competitive rates, fast approvals, and personalized local support.
Trusted Liberty, MO mortgage broker offering tailored financing, fast pre-approvals, and competitive rates across Conventional, FHA, VA, and USDA home loan programs.
Local mortgage broker in Blue Springs, MO providing expert guidance, fast approvals, and competitive home purchase or refinance solutions for Jackson County buyers.
Premier mortgage broker in Olathe, KS helping home buyers and real estate investors secure competitive loan rates, fast approvals, and smooth closings.
You need a credit score of at least 620 to get a conventional loan. A higher score gets you the best rates. Use our mortgage calculators to estimate your monthly Kansas City payments.
You can put as little as 3% down if you are a first-time home buyer. Repeat buyers usually need 5% down. Contact Atlas Mortgage to see which down payment option fits your exact budget.
Yes, PMI is required if your down payment is less than 20%. However, this fee drops off once you build enough equity. Apply now to see how much home you can afford today.
The standard conventional loan limit for most Missouri areas is $766,550. If you need to borrow more money, explore our Jumbo loan programs to finance your luxury dream home.
Yes, you can use a conventional loan to buy a vacation home or a rental property. If you want to build a portfolio, check out our DSCR loans designed strictly for real estate investors.