Loan Options
Homebuying isn’t a one-mortgage-fits-all experience. That’s why, at Sunflower Bank we have a variety of home loan options to match your financial needs. From initial inquiry to closing, our experienced loan originators are here to guide you through the home financing process and provide service for the life of your loan. Let our experienced mortgage professionals help you choose the loan that’s right for you.
Mortgage Loan Solutions to Fit Your Needs
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Conventional Loan
This loan type is not backed by a government agency, but instead by private lenders.
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Government Loan
These loans are insured or guaranteed by a federal agency such as Veteran Affairs (VA), the Federal Housing Administration (FHA), or the US Department of Agriculture (USDA).
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Jumbo Loan
These loans are typically used to finance more expensive properties, like luxury homes or those in high-cost areas.
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Construction Loan
This loan type is typically a short-term loan used to finance the building or renovation of a property.
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Down Payment Assistance
These programs vary by state and can help first-time homebuyers cover the upfront costs of purchasing a home.
Learn More in Down Payment Assistance -
Refinance
Refinancing is the process of replacing your existing mortgage with a new mortgage that has more favorable terms.
Learn More in Refinance
Conventional Loans
Whether you are a first-time homebuyer or an experienced real estate investor, conventional loans are an appealing option for many reasons. If you have a good credit score, a low debt-to-income ratio and seek maximum flexibility, ask your loan originator about conventional loans.
Fixed-Rate Mortgage
Most homeowners prefer fixed-rate mortgages because they offer the financial comfort of stable and predictable monthly payment.
Adjustable-Rate Mortgage (ARM)
Your interest rate changes according to a preset schedule with an ARM. ARMs may offer lower-rate options than fixed-rate loans.
Interest-Only Mortgage
Free up your cash flow with an interest-only mortgage. Take advantage of the low monthly payments right off the bat to afford a more expensive home and invest your income
Government Loans
Government-backed loans are insured by the federal government as a way to offer the opportunity of home ownership to people who wouldn't meet the requirement of traditional or conventional lending. There are a few different government-backed mortgage options with different standards for qualification.
Federal Housing Administration (FHA) Loan
Popular with first-time buyers, FHA loans offer low down payments and low interest rates.
Veteran Affairs (VA) Loan
The VA home loan program provides incredible benefits to service members, veterans and eligible surviving spouses. VA loans have features that aren’t available to the general public, such as zero-down payment options and lower closing costs.
US Department of Agriculture (USDA) Loan
USDA Rural Development Loans can help those with low-to-moderate incomes purchase eligible homes in certain rural and suburban areas.
Jumbo Loans
Jumbo loans are the perfect option for large home purchases that may exceed the statutory size limit eligible for purchase by federal agencies.
Construction
A construction loan pays out to the builder or contractor in phases as the project progresses rather than paying funds directly to the borrower. This phased disbursement helps ensure financing and construction are moving forward as planned. After completion, your loan can be converted to a mortgage of your choosing.
Refinance
Home Equity Line of Credit (HELOC)
A HELOC is a line of credit secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans such as credit cards.
Home Equity Loan
Home equity loans are one-time, non-renewable loans where funds are supplied upfront in a lump sum. This is ideal for home renovations where you know the total cost and want the stability of a fixed interest rate and fixed monthly payments.
Down Payment Assistance
Down Payment Assistance (DPA) programs help prospective homeowners purchase a home without needing to save as much for their down payment. These can come in the form of a grant or a low interest loan.
Bank Exclusive Mortgage Programs
HOME Program1
Our HOME (Homeownership Made Easy) program is exclusively designed to open more doors. With just 3% down, flexible credit requirements and options available for FICO scores as low as 620, HOME is built to support limited-income borrowers who may not qualify through traditional channels.
Hero Saver Plus Program2
The Hero Saver Plus program is our way of honoring those who serve in our local communities. Eligible HEROs include educators, EMS, firefighters, military members, clergy, medical professionals, dental specialists, sports coaches and law enforcement. These individuals can receive up to $1500 in lender credit which can be used to reduce interest rates or closing costs on qualifying loans.
Builder One Program3
Our Builder One Program helps support borrowers' dreams of building their own home by rewarding them with 1% of their loan amount being issued back as a lender credit. This exclusive offer is available for primary and secondary residences and can be used to cover closing costs, interest rate buydowns, or other prepaid expenses. In addition, the program includes flexible fixed and extended rate lock options, providing peace of mind in a fluctuating market.
Seller's Max Advantage Program4
With the Seller’s Max Advantage program, we offer up to 1% in lender credit which can be used to reduce the interest rate or lower out-of-pocket costs at closing. This credit is up to $5,000 and can be applied on conventional, FHA, VA, USDA and Jumbo loans. The program is designed to support a wide range of property types including primary residences, second homes, and investment properties.
Saver 85 Program5
Our Saver 85 program is an exclusive offering that empowers borrowers with the benefits of a conventional loan without the burden of monthly mortgage insurance. This program is designed with real savings in mind, delivering lower monthly payments and competitive interest rates. With financing available up to 85% Loan-to-Value (LTV) borrowers can secure their dream home with confidence and ease. What sets Saver 85 apart is its lender-paid mortgage insurance, which means borrowers never have to worry about an extra monthly insurance cost because we’ll cover it for them.
Additional Loan Options
Second Lien
A second lien or a second mortgage is a home loan secured by a house that will be – or already is – secured by a first mortgage.
Bridge Loan
A short-term loan that helps you buy a new home before selling your current one is known as a bridge loan.
Portfolio Loan
While most lenders sell the mortgages they offer to investors, some choose to keep them in their loan portfolio — “on the books” so to speak. Because the lender holds onto these loans, they do not have to adhere to the Federal Housing Finance Agency (FHFA) standards, or other standards, and so might have more lenient qualifying requirements. However, these flexible loan programs may also carry higher fees.
Buydown Loan
With a buydown loans you pay an upfront fee to lower your interest rate for a specific period to ensure lower payments for a set time span.
Get Started
Take the next step! Whether you're buying your first home, refinancing, or exploring investment opportunities, our experienced mortgage team is here to guide you every step of the way. Start your application or connect with a local Sunflower Bank expert today.
Together, we’ll make your homeownership dreams a reality.
13% down payment on a $400,000 loan would equal to $12,000. Program only available in eligible counties
2$1500 lender credit can be applied toward closing costs, rate reduction, and/or prepaids. Limitations apply to the credit amount based on loan amount. This offer cannot be combined with any other incentive. Primary residences only.
31% lender credit can be applied toward closing costs, rate reduction, and/or prepaids. Up to $5,000 if over the conforming limit. New construction only. Program cannot be combined with any other incentive. Limitations apply to the credit amount based on loan amount.
41% lender credit can be applied toward closing costs, rate reduction, and/or prepaids. Cannot be used for downpayment. Listing Incentive Agreement must be dated, signed, and returned prior to signing contact. Program cannot be used in conjunction with the Hero Saver Plus Program or combined with any other Affinity incentives. Loans are subject to credit review and approval. This is a temporary offer, and the lender credit is not tied to the interest rate. Limitations apply to the credit amount based on loan amount.
5On a $400,000 loan amount, 85% LTV would be $340,000. Only available in eligible areas. Primary residence only. Pricing or other incentives may not be stacked or combined with other offers.
Consult your mortgage loan originator for details. Certain terms and restrictions apply. Program available only to qualified borrowers. Program subject to change without notice. Underwriting terms and conditions apply. Loan subject to credit review and approval. This is not an offer for extension of credit or a commitment to lend.
Sunflower Bank is not affiliated with or endorsed by any government agency.