$155,000
Median Home Price
$131,000
Avg. Loan Amount
127K
Population
6+
Licensed Lenders
Key Topeka Neighborhoods
Explore popular neighborhoods and their median home prices. Click on map markers for details.
Map Legend
Southwest Topeka
$215KGrowing area
Downtown
$145KState capital, revitalizing
Washburn
$185KUniversity area
Topeka Real Estate Market
Why Non-QM loans are popular in Topeka
Growing demand for flexible mortgage solutions in Topeka
Self-employed professionals benefit from bank statement loan programs
Real estate investors use DSCR loans for rental property financing
Non-QM loans available for borrowers with recent credit events
Frequently Asked Questions
Common questions about Non-QM loans in Topeka
What is the minimum credit score for Non-QM loans in Topeka?
Most Non-QM lenders serving Topeka require a minimum credit score of 620-660, though some programs accept scores as low as 580 with compensating factors like larger down payments.
Can I get a bank statement loan in Topeka, Kansas?
Yes, bank statement loans are available in Topeka. Self-employed borrowers can qualify using 12 or 24 months of personal or business bank statements instead of tax returns.
What are DSCR loan requirements in Topeka?
DSCR loans in Topeka typically require a debt service coverage ratio of 1.0 or higher, meaning the property's rental income must cover the mortgage payment. No personal income verification is needed.
How much can I borrow with a Non-QM loan in Topeka?
Non-QM loan amounts in Topeka typically range from $100,000 to $3 million or more. With a median home price of $155,000, many borrowers find Non-QM loans essential for their purchase.
What Non-QM programs are most popular in Topeka?
The most popular Non-QM programs in Topeka include bank statement loans for self-employed borrowers, DSCR loans for real estate investors, and asset depletion loans for high-net-worth individuals.