Loan Programs for Homebuyers

Mortgage options are nearly as varied as the wants of homebuyers themselves. The expansive, diverse history represented by our team members enables us to provide the most expert partnerships for homebuyers navigating any loan type.

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Loan Programs

First Time Homebuyer

These loans are great when you’re first starting out because of the options for low down payments that may allow for gifts from family members. Homeowner education helps you understand and manage the financial commitments of home ownership. Often, special options to partner with State and local housing authorities are available as well.

Home Refinance

Refinancing gives you a new mortgage to replace your original mortgage. Often the new loan provides you with a better interest rate to lower monthly payments, remove mortgage insurance or take equity out of your home, also known as “cash out refinance”.

VA Loans

This specialty loan provides flexible qualifying guidelines for eligible veterans and other eligible borrowers. VA loans may include financing the VA funding fee and obtaining the loan with no down payment. Mortgage insurance is not required with a VA loan.

FHA Loans

FHA Loans allow lower down payments, lower rates and more lenient underwriting qualifications because they are insured by the Department of Housing and Urban Development (HUD). An FHA loan requires up front mortgage insurance as well as monthly mortgage insurance, but can be a great product for first time home buyers.

Jumbo Loans

The perfect loan if you need a mortgage amount that exceeds the conforming (conventional) loan limits set by Fannie Mae and Freddie Mac. Similar to conventional loans, Jumbo loans offer terms of 15, 20 or 30 years with mortgage insurance options for less than 20% down.

Conventional

Conventional loans work well if you are looking to purchase or refinance a home loan and have at least a 5% down payment that is not guaranteed or insured by the federal government. Conventional loans come with the choice of 15, 20 or 30 year terms. If you have less than a 20% down payment, you will need mortgage insurance.

Reverse Mortgage

A reverse mortgage can be used to purchase a new home, or to help the borrowers pay for increased or unexpected life costs by giving the borrower access to a portion of their home equity. It is a non-recourse loan in which the borrowers always retain the title. Click on the button to learn more.

From The Blog

June 14, 2022

CrossFirst Bankshares, Inc. to Enter Colorado and New Mexico Markets with Acquisition of Farmers & Stockmens Bank / Central Bank & Trust

LEAWOOD Kan., June 13, 2022 – CrossFirst Bankshares, Inc. (Nasdaq: CFB, “ CrossFirst”) and Central Bancorp, Inc. (“ Central”) today announced that they have entered into a definitive merger agreement under which CrossFirst’s bank subsidiary, CrossFirst Bank (“ CFB Bank”), will acquire Central’s bank subsidiary, Farmers & Stockmens Bank (“ F&S Bank” ), in an all-cash transaction. F&S Bank currently has Central Bank & Trust branches in Denver and Colorado Springs and Farmers & Stockmens Bank branches in New Mexico. Central will retain its wealth management subsidiaries, The Corundum Group and Corundum Trust Company. The combination will bring together complementary banking platforms with management teams that share a commitment to the clients and businesses they serve. When completed, the transaction is expected to widen the scope of the CrossFirst franchise, providing an enlarged footprint with further expansion opportunities in the Colorado and New Mexico markets. Based on current estimates, the …

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