Feel at home finding a home loan.
Why nbkc?
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.
- We're upfront and honest about fees and costs
- We do all of our processing in-house to make the process super smooth
- Our all-online applications are easy to fill out, saves you from collecting stacks of bank documents and gives you more time house hunting
- You'll get real help from a real person every step of the way
Pre-approval gets you movin'
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
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
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.
$5K Close-On-Time Guarantee
Our $5k Close-On-Time Guarantee pays both the seller and the buyer $2,500.00 if we don't close the loan on time. We get down to business. Fast.
Types of home loans
nbkc offers fixed mortgage rates for 10, 15, 20, 25 and 30-year terms.
- Interest rate remains the same throughout the loan
- Allows for easier budgeting - the payment is the same each month
- Loan payments are not affected by inflation or fluctuating interest rates
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.
- Are you planning on selling your home before the fixed-rate term expires?
- Do you plan on incurring more debt? If so, will you be able to afford the ARM loan payments if your interest rate increases?
- Do you anticipate an increase in your annual income that could cover any increase in your ARM loan payment?
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.
- FHA loans are a smart choice for first-time home buyers
- Down payments can be as low as 3.5% of the purchase price
- Loan options for those with low-to-moderate income
- Available for refinance of fixed and adjustable-rate mortgages
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.