Home Loans & Mortgages
Core Bank’s knowledgeable mortgage experts make the pre-qualification process quick and simple for future homeowners. With benefits like tax-deductible interest rates and affordable financing available, we’ve got mortgage options to suit every budget!
We Find the Right Option for You
Core Bank is as passionate about our customers as we are about the home loan products and services we offer. Our mortgage experts work hard to make the home loan process as easy as possible by walking future homeowners through the process. When you work with Core Bank, we’ll be with you at every step of the mortgage process to make sure things go smoothly.
Helping You Buy Your Home
Whether you’re a first-time home buyer or looking to downsize as you get older, finding the right home loan and mortgage options can be tough. You’re often left wondering, which option is best for my needs? How much money do I need to put down up front? Do I need a traditional mortgage or something else?
The questions can feel difficult to figure out, but with Core Bank, we make the process simple. We work with each client on an individual level, determining what’s right for your needs and not someone else’s. If you need an FHA Loan, a VA Loan, or you’re looking for a more typical fixed-rate mortgage, Core Bank is here to help!
With experience in a variety of home mortgage products, including loans for first-time homebuyers, zero-down options, and more, Core Bank’s team of mortgage specialists is well equipped to guide future homeowners toward the home loan that’s right for them and their goals.
Home Loan & Mortgage FAQs
How do I qualify for a loan?
The first step in qualifying for a loan is to get pre-qualified. To do so, you will need to meet a series of requirements and also provide a number of documents to your lender. The majority of loans will require the borrower to have a credit score of at least 620, a debt-to-income ratio (DTI) of 50% or less, and at least two years of employment history.
That said, there are home mortgage options available for borrowers who don’t meet these requirements. Reach out to one of our mortgage specialists for more information on different options.
What Do I Need for Pre-Qualification?
Pre-qualification is a quick, informal process in which the borrower describes their credit, finances, employment history, and other information to their lender. The lender then uses this information to estimate what amount and type of home loan the borrower will qualify for. Within a couple of days, the borrower receives a letter for how much they qualify for.
How much home can I afford?
The amount you’ll be able to borrow for your mortgage depends on your debt-to-income ratio, your assets, your employment history, your credit score, and the type of home loan you qualify for, among other factors. Our mortgage experts will be happy to discuss your options, so reach out today.
How much should I save for a down payment?
If you put down less than 20%, your monthly mortgage payments will likely include private mortgage insurance. That said, certain loans allow borrowers 5%, 3.5%, or even zero money down. The amount you save toward a down payment will ultimately depend on the home loan product you qualify for. You may be eligible for the First Time Home Buyers Federal Home Loan Bank Grant to receive up to $7,500 in grant money to cover down payment and closing costs through Core Bank. Learn more.
Find a Core Bank Near You
Core Bank proudly offers personal and business banking solutions made for you. With banking centers in Omaha, Overland Park, and Mesa, we’re here to help you borrow and save confidently. Discover your nearest Core Bank today!
Ready to apply for a loan from Core Bank? Get pre-qualified now! Simplify the entire loan process online, without having to stop into a local Core Bank Branch.
Don’t wait until tomorrow to apply for the loan you need today. Get started on the application process now!