Can You Sell a Home with a Mortgage in Wichita?

"Can You Sell a Home with a Mortgage in Wichita?"

By The Stanton Group, LLC – Real Broker | Wichita, Kansas

One of the most common concerns we hear from Wichita homeowners is:

“I still have a mortgage—can I sell my house?”

The answer is yes—and it happens all the time. In fact, the vast majority of homeowners in Wichita still have a mortgage balance when they decide to sell. The key is knowing how the process works and what steps to take to ensure a smooth, profitable transaction.

At The Stanton Group, we guide sellers through this process every day. Here’s what you need to know if you’re planning to sell your Wichita home while still paying on a mortgage.

🏡 Yes, You Can Sell with a Mortgage—Here’s How

Selling a mortgaged home in Wichita is a routine part of real estate. When you sell, your existing mortgage is paid off at closing using the proceeds from the sale.

That means:

• You don’t have to pay it off before listing

• You don’t need special permission from your lender to sell (unless you're underwater)

• You can still make a profit if your home is worth more than you owe

🧾 What Happens to My Loan at Closing?

At closing, your title company will:

1. Order a mortgage payoff directly from your lender

2. Use the buyer’s funds to pay off your loan

3. Send any remaining money (your equity!) to you as net proceeds

💡 You’ll receive a closing statement showing exactly where every dollar went.

💸 What If You Don’t Have a Lot of Equity?

If your home’s value is equal to or less than your loan balance, it’s still possible to sell—but you’ll need a clear plan.

Options include:

• Bringing cash to closing to cover the difference (if it’s small)

• Requesting short sale approval from your lender (only in hardship cases)

• Renting the home until equity builds (if selling isn’t ideal now)

✅ We offer honest, no-pressure advice if you're in this situation.

📊 Quick Equity Check Example:

• Home is worth: $250,000

• Mortgage balance: $185,000

• Seller closing costs (commissions, title fees, etc.): ~$17,500

• Estimated profit: ~$47,500 before moving costs or taxes

*This is why understanding your equity matters—*you could walk away with a sizeable check.

📞 How We Help Wichita Sellers with Mortgages

At The Stanton Group, we:

• Contact your lender to verify payoff

• Create a custom net sheet to show exactly how much you’ll make

• Time your sale so you’re not paying two mortgages (if you’re buying another home)

• Help coordinate same-day closings or bridge strategies

🧠 Our goal: Make the numbers work so you can move forward confidently.

🏁 Thinking About Selling?

If you’re wondering whether now’s the right time to sell—and still have a mortgage—we’ll walk you through the numbers, timeline, and next steps.

📩 Schedule your free consultation with The Stanton Group today.
You don’t need to be mortgage-free to make your next move.

The Stanton Group, LLC
Real Broker | Wichita, KS
🗺 Serving Wichita, Andover, Derby, Maize, Eastborough, College Hill & more