First Federal Bank of Kansas City
Principal and interest. That’s what a mortgage is really all about, right? Well, at First Federal Bank of Kansas City, we deliver home loan solutions with principle and interest – as in our principles and your best interests. We’re a rock-solid, mutually-owned community bank – with nationwide lending reach. And since 1934, the financial success and well-being of our customers and communities has been our mission. Visit us today and find out why. And, of course, we’re an FHA-VA and USDA-approved lender, with an A+ Rating from the Better Business Bureau.
Ryan made sure we were comfortable with the complex process and was alway available to answer any questions.
By: David P
Rob did a great job keeping us informed throughout the process. He never hesitated in answering any questions that we had. The process went very quickly.
By: Susan J
My experience dealing with Nick was really a walk in the park. Every question I had was answered right away, no BS just straight forward answer. This loan process had been the easiest one for me I must say. Thanks Nick!
By: Leonor M
Ryan was exceptionally organized and on top of everything from start to finish. He communicated with me every step of the way. Five star Service with a Five star experience.
By: Kevin M
Tom is a well knowledgeable associate. He was very prompt in returning emails regarding questions about our loan. We will continue to work with him and his team on any future mortgage dealings.
By: Thomas S
Founded in 1934 and headquartered in Kansas City, Mo., First Federal Bank of Kansas City is one of the largest community banks in the Midwest. In 2018, the bank originated $355 million in mortgage loans, according to John McKim, vice president of mortgage operations at the bank.
First Federal Bank of Kansas City is licensed in all 50 states and Washington, D.C. Its 11 branch locations are all in Kansas or Missouri, in the Kansas City area. “We are — at our heart — a community bank,” McKim said.
“Buying a home — particularly if it’s your first or second home — can be a stressful time,” he added. “Our job is to help you deal with that stress, understand the process [and] help you feel comfortable with the decision you’re making.”
Borrowers do not need to have a bank account at First Federal to qualify for a mortgage, but existing customers may be eligible for discounts on some products.
The bank issues loans for the following types of properties:
First Federal is willing to work with buyers with less-than-ideal credit scores, depending on the loan product, and they can do manual underwriting. “We don’t hang our hat solely on credit score,” McKim said. “We will look at each individual buyer based on their merit.”
First Federal offers additional mortgage products to Kansas City borrowers.
First Federal offers additional home equity products to Kansas City borrowers.
In all three methods of applying, a loan officer will review your application with you and help you understand your loan options. Your loan officer then submits your information and will provide you with a verbal preapproval as well as a list of documentation needed.
Borrowers who do not wish to submit or receive information electronically can choose alternative options.
During the process, and once you have a signed purchase and sales agreement, you will have the option of locking in your interest rate. You and your loan officer will discuss your options.
Your initial and primary contact throughout the process will be your loan officer. They will help see your loan through to closing. As your loan progresses through the various stages, you will also communicate with the underwriter and processor.
The bank’s digital mortgage will also keep you updated along the way by providing you updates and messages or alerts for next steps.
Although the company embraces technology as a part of its process, McKim said personal communication between borrowers and their mortgage team remains the bank’s priority. “We want our loan officers and processors to own the relationship with the borrower,” he said. “We want to be a lender for life for everybody.”
Editorial Note: Parts of this article were reviewed by a lender to ensure accuracy prior to publication. The overall conclusions, recommendations and opinions are the author’s alone.
The information in this article is accurate as of the date of publishing.