Making Homeownership Accessible in Kansas City and Across 40 States

At McGowan Mortgages, we are dedicated to making the dream of homeownership a reality for more people. Our 0% Down Conventional loan program, available through United Wholesale Mortgage (UWM), is designed to help qualified borrowers secure a home with minimal upfront costs. This page provides all the details you need to understand how this program works and how you can qualify.

How Does the 0% Down Conventional Loan Work?

Our 0% Down Conventional loan option offers a unique solution for those who might struggle with the traditional down payment requirements. Here’s how it works:

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First Lien Mortgage: Your primary mortgage must meet the loan-to-value (LTV) requirements.
Second Lien Mortgage: McGowan Mortgages provides a second lien mortgage for 3% of the purchase price, up to $15,000.
No Monthly Payments or Interest on Second Lien: The second lien has no monthly payment requirements and accrues no interest.
Repayment of Second Lien: The balance of the second lien is due when the first lien loan is refinanced or paid off, whichever occurs first. While payments on the second lien can be made throughout the loan term, they are not required.

For more information, watch our informative video and download the flyer. Discover how our 0% Down Conventional loan can make your dream of homeownership a reality.

0% Down Conventional Loan in Kansas City MO

Qualifying for the 0% Down Conventional Loan

To be eligible for our 0% Down Conventional loan, borrowers must meet specific criteria:

Income Requirements:
- Borrowers must be at or below 80% of the Area Median Income (AMI) for the property address and meet Home Possible guideline requirements.
- OR:
- At least one borrower must be a first-time homebuyer and meet HomeOne and UWM’s guideline requirements.
First-Time Homebuyer Definition: A first-time homebuyer is defined as someone who has not had ownership interest in a home in the last three years.
Credit Score: Borrowers must have a minimum FICO score of 700.

Why Choose McGowan Mortgages?

Local Expertise and National Reach: Based in Kansas City, we serve clients in 40 different states, providing personalized service and extensive knowledge of local markets.
Commitment to Your Success: Our team is dedicated to helping you navigate the home buying process, ensuring you understand your options and find the best solution for your needs.
Innovative Loan Options: We offer a variety of loan programs designed to meet the diverse needs of our clients, including the 0% Down Conventional loan.

Contact McGowan Mortgages Today

Ready to take the next step towards homeownership? McGowan Mortgages is here to help. Contact us today at (816) 631-9687 to learn more about our 0% Down Conventional loan program and how we can assist you in achieving your homeownership goals.

Do you know how much home you can afford?

Most people don’t... Find out in 10 minutes.

Today's Mortgage Rates

See What Our Clients Are Saying About Us!

McGowan Mortgages

4.9

Based on 145 reviews

Write a review

Jeff Turner

23:16 10 Sep 24

Derek & team were great to work with! They were very responsive, answered my off-the-wall questions at any time of day, and helped me close faster than anticipated. I would definitely recommend others to work with Derek's team when looking for a house in the future!

matt oakley

13:39 26 Aug 24

Fast, efficient, informative and always professional!

Jamie Lynam

13:10 26 Aug 24

McGowan Mortgages worked very hard to get the job done. The communication is excellent and all the staff were so very nice and efficient. I cant say enough about how grateful I am for this company.

Reginaldo Garcia

20:24 21 Aug 24

Excelente Servicio y Atención. Gracias

Katie Brashears

22:54 16 Aug 24

They are a great company to work with. As a First time home buyer with all the questions they answered all of them and were available anytime I needed.

Denise jane Apostol

01:23 15 Aug 24

The best Mortgage company

Adam Stafford

18:21 11 Aug 24

Buying my first home was terrifying enough but Derek and his team got me through it anxiety attacks and all. He made the impossible happen and I can't thank him enough.

Mel Clark

16:26 08 Aug 24

I recently had the pleasure of working with McGowan Mortgages for my home, and I couldn't be happier with the experience. From start to finish, their team was professional, knowledgeable, and incredibly responsive.They guided me through the entire process with ease, explaining every step in detail and answering all my questions patiently. They were always available to address any concerns I had, which made me feel confident and supported throughout the process.McGowan Mortgages secured a fantastic interest rate for me, saving me a significant amount of money each month. Their dedication to finding the best possible deal for their clients is truly commendable.I highly recommend McGowan Mortgages to anyone looking for a mortgage or refinance. Their exceptional service, expertise, and commitment to their clients make them stand out from the rest. I am grateful for their assistance in making my refinance a smooth and successful experience.

Homer Simpson

16:37 06 Aug 24

Stephen Colberg

15:30 01 Aug 24

As a wholesale Account Executive for The Loan Store - I've had the privilege of working with Derek McGowan and his team on several transactions - The McGowan team are absolute professionals and tops in our industry - they are always working to get their clients the best possible rates and never miss a closing date - if you want the best rates and service you can't go wrong with the McGowan Team!

Tammy Sheaffer

20:33 29 Jul 24

Derek and his Team were a Breeze to work with. Being on the listing side, it's always so nice to have a lending team that cares not just about their client but about making sure all parties are working on the same goal - get to the closing table! Great communication and responds to emails - Thank you!Tammy~Transaction Coordinator for The Crossroads Real Estate Group of Keller Williams Diamond Partners Inc (Olathe)

Giselle Cintron

23:52 21 Jul 24

Derek and his team are amazing! They made sure this process ran smoothly from beginning to end. I am truly grateful for them and honestly never thought owning a home was going to be so easy. I will recommend McGowan Mortgages to anyone looking to purchase their home. 🏠

Paul Nsubisi Mwankusye

22:50 21 Jul 24

Very organized and professional which makes the process easy and smooth. I recommend

Keith Cooper II

20:15 21 Jul 24

Taylor Miranda

19:09 15 Jul 24

Derek is the best ever!!

Christina Cooper

14:03 05 Jul 24

tamikanicole

20:08 12 Jun 24

I love, working with them. This team works with you the whole way through. They even did follow up’s after the closing. I would recommend them to anyone who is looking to buy a home.

Andrea R

22:55 10 Jun 24

I don’t even know where to start. My husband and I have been trying to years and thankfully McGowen mortgages was recommended to us, we took a chance and gave it a try and they walked us through the entire process, kept constant communication and made sure to follow up with us after our approval.Thank you so much we really can’t thank you enough however we will telling anyone with ears how amazing our experience has been.God bless.

Dianne Hubbard

14:45 27 May 24

If I was to get another house I will surely come back to y'all y'all did the great job for me best job ever y'all went above and beyond for me thank you all so much and I will refer other people like my family members which I already have keep up the good work thank you so much

Elizabeth Bade

02:12 10 May 24

Nothing but great things to say. Michael did great!!!

Camren Veach

14:17 07 May 24

Super smart, super good at communication

Dee ohrt

00:11 07 May 24

Its been a pleasure working with attentive lenders. They have reached out several times trying to show they want me comfortable in the process. Though I'm still in the works with the loan, I am quite confident in the manner McGowan is handling my loan and I am thankful that my Veterans advocate have sent me to them.

Chelsey Kessler

20:40 06 May 24

The McGowan Mortgage team provides top-tier customer service and they're ALWAYS willing to dive in and help! Their attentiveness coupled with the robust variety of loan programs they offer makes them some of the best in the business. If you give them a shot at earning your business, I'm certain you'll be glad you did!

Adam Canote

02:29 05 May 24

Highly recommend! Michael Corujo is the best in the business. Always quick to reply and super knowledgeable.

Joe Schuster

13:50 04 May 24

Jeff Nguyen

13:03 04 May 24

Kimberly Roberts

22:55 03 May 24

Michael has been wonderful to work with! Extremely knowledgeable and easy to work with!

Brad Parks

21:53 03 May 24

We have done numerous transaction with Derrick, Michael, Jess, and the rest of their team . I can't say enough good things about these guys!!! They really go the extra mile for their clients to ensure a smooth closing process. 🍻🍻 to many more successful transactions!!! 😃😃😃

Thu Phan

21:46 03 May 24

McGowen Mortgage is super easy to work with! Michael is amazing! We literally got our Heloc in less than 2 weeks! Thanks guys!

Jeremyah Grigery

20:45 03 May 24

I'm not one to leave reviews on things, but I felt compelled to leave this one. Our experience with Michael was fantastic. Honestly, I'd leave 6 stars if they let me. Michael was very communicative throughout the entire process to the point of actually anticipating questions that we would have even before we got a chance to ask. Never dealt with someone who actually felt like a true "expert" in the field. I won't use anyone else in the future.

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0% Down Conventional

How Does the 0% Down Conventional Loan Work?

Qualifying for the 0% Down Conventional Loan

Why Choose McGowan Mortgages?

Contact McGowan Mortgages Today

See What Our Clients Are Saying About Us!

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