It’s simple to begin your journey to homeownership. All you need to do is contact us and we’ll take the first steps together.

Call us at 1.888.255.1929, email us at Hello@railtrustmortgage.com, or apply today. One of our expert mortgage specialists will be in touch with you immediately to see how we can best help you.

The most important documents will be the basics that verify your employment and income as well as any assets you hold. Expect to need at least two months of paystubs and two years of federal tax returns as well as two to three months of bank statements and any information on your current debt (credit cars, car loans, student loans, etc.) Click to view our Kansas Mortgage Checklist. 

An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). First-time homebuyers often take a close look at FHA loans because the requirements are less strict than other conventional mortgage loans.

The interest rate is the monthly fee your lender asses on the unpaid balance of the loan based upon a percentage you agree to when you take on the loan.

An Annual Percentage Rate (APR) is the total yearly cost of the loan. It includes both your interest rate and any additional costs. These additional costs could include origination and processing fees, underwriting, and insurance.

The APR helps give you a more accurate comparison of mortgage loans costs offered by different lenders.

A reverse mortgage is a home loan that could allow older homeowners over 62 to use their home equity now in a lump sum or over time with monthly draws or a growing line of credit.

The process basically works in reverse. At the conclusion of a reverse mortgage, the borrower must repay the loan. The loan balance grows over the course of the loan and interest is charged on the outstanding balance. Interest on a reverse mortgage can’t be deducted on your taxes until the borrower begins making payments.