At Union State Bank, we are happy to assist you with any financing or general banking questions that you may have as you work through the Home buying and selling process.
With multiple branches throughout the South Central Kansas and Central Oklahoma region, our team of experienced mortgage lenders have been helping people achieve their home ownership goals for decades.
It only takes a few minutes!
Home Mortgage Disclosure Act Notice: The HMDA data about our residential mortgage lending is available online for review. the data shows geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information visit the Consumer Financial Protection Bureau's website www.consumerfinance.gov/hmda.
Fannie Mae / HomeReady®
- 97% Loan to Value
- Gifts, grants and cash permitted as a source of funds for down payment
- Not required to be a first time home buyer
- Reduced mortgage insurance coverage
Rural Housing Loan
- Property must be located in an USDA eligible area
- 0% down payment
- Minimum credit score 580
- Borrower can move in with no money out-of-pocket
- Borrowers with no credit score may be eligible
FHA / FHA 203K Loan
- 3.5% down payment
- Manufactured homes allowed
- Seller can pay 6% of buyer's closing/prepaid costs
- Minimum credit score 530
- Borrowers with no credit score may be eligible
FHA 203K Loan
- 3.5% down payment
- Manufactured homes allowed
- Seller can pay 6% of buyer's closing/prepaid costs
- Rehab loan to include most items except structural
HUD 184 / Native American Loan
- Manufacture homes allowed
- 2.25% down payment
- Seller can pay 6% of buyer's closing/prepaid costs
- No minimum credit score requirements
- Borrowers with no credit score may be eligible
- Low monthly private mortgage insurance
- Must be Native American
VA Loan
- Manufacture homes allowed
- 0% down payment
- Seller can pay 6% of buyer's closing/prepaid costs
- Borrower can move in with no money out-of-pocket
- Minimum credit score 580
- Borrowers with no credit score may be eligible
- No monthly private mortgage insurance
- Must be a veteran or receive VA benefits
TurnKey Homeownership Possibilities Expanded (HOPE)
The Homeownership Possibilities Expanded (HOPE) Program is closed for 2025 and not accepting grant applications at this time. Contact us for questions regarding this or other mortgage programs.
HOPE grant funds may be used for down payment, closing cost and repair assistance to low to moderate income homebuyers earning at or below 150% of the area median income for households purchasing or constructing homes in Colorado, Kansas, Nebraska and Oklahoma.
TurnKey Homeownership Set-aside Program (HSP)
The Homeownership Set-aside Program is closed for 2025 and not accepting grant applications at this time. Contact us for questions regarding this or other mortgage programs.
Union State Bank partners with Federal Home Loan Bank (FHLBank) Topeka to offer grant opportunities for qualified first-time home buyers.
HSP grant funds may be used for down payment, closing cost and repair assistance to first-time homebuyers earning at or below 80% of the area median income for households purchasing or constructing homes in Colorado, Kansas, Nebraska and Oklahoma.
Grant funds are limited and are available to qualified buyers on a first-come, first-serve basis. Union State Bank is a Equal Housing Lender, NMLS # 412388, Member FDIC.
Visit our First Time Home Buyers Grant page to see if you qualify!
Mortgage Calculators
The first step in buying a house is determining your budget. The mortgage qualifier calculator steps you through the process of finding out how much you can borrow. You can calculate your mortgage qualification based on income, purchase price or total monthly payment.
Use our free credit assessment tool to evaluate your credit status. Your credit is calculated as 'Good', 'Fair' or 'Needs Improvement'. A good credit assessment means you should be able to qualify, within the limits of your income, for most loans. You are also much more likely to receive the best interest rates available. If your credit is fair, you will probably not have trouble qualifying for a loan, but you may not receive the best available interest rate. If your credit rating needs improvement, you may have issues that could limit your ability to qualify for many loans.
Use this mortgage calculator to determine your monthly payment and generate an estimated amortization schedule. Quickly see how much interest you could pay and your estimated principal balances. Enter prepayment amounts to calculate their impact on your mortgage.
Determining which mortgage term is right for you can be a challenge. With a shorter 15 year mortgage, you will pay significantly less interest than a 30 year mortgage - but only if you can afford the higher monthly payment. Use the mortgage comparison calculator for a comparison of a 15 vs. 30 year mortgage.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.