The Best Mortgage Lenders in Kansas, IL
Compare verified mortgage lenders serving Kansas, Illinois. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Kansas
Featured Mortgage Lenders
Mortgage Services
First National Bank of Kansas
First National Bank of Kansas is the premier local community bank serving Kansas and surrounding areas with deep roots in the community since 1891. They offer personalized mortgage services with local decision-making, competitive rates, and exceptional customer service. Their experienced loan officers provide one-on-one guidance through the entire mortgage process, specializing in both purchase and refinance loans with various government-backed options. The bank's strong local presence and commitment to the community make them a top choice for homeowners seeking reliable, face-to-face mortgage services.
Loan Types:
Mortgage Department
Heartland Bank and Trust Company
Heartland Bank and Trust Company is a highly-regarded regional bank serving central Illinois, including the Kansas area, with exceptional mortgage services. With over 30 years of experience, they offer competitive rates and a wide range of loan products tailored to individual needs. Their mortgage team provides personalized service with local underwriting and decision-making, ensuring smooth transactions from application to closing. The bank's strong community focus and extensive experience with Illinois rural and small-town properties make them an excellent choice for Kansas area homebuyers.
Loan Types:
Mortgage Center
Illinois Credit Union
Illinois Credit Union serves members throughout central Illinois, including the Kansas area, with competitive mortgage products and exceptional member service. As a not-for-profit financial cooperative, they often offer lower rates and fewer fees than traditional banks. Their experienced mortgage specialists provide comprehensive guidance on various loan programs, including special first-time homebuyer options and competitive refinancing solutions. The credit union's member-focused approach and commitment to financial education make them a trusted partner for home financing in the Kansas, Illinois region.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Kansas, IL
What are the current mortgage rates like in Kansas, IL, and how do they compare to state averages?
Mortgage rates in Kansas, IL, are typically very competitive and often slightly below the Illinois state average due to the area's rural nature and lower cost of living. As of late 2023, you can generally find rates 0.125% to 0.25% lower than in major metro areas like Chicago. It's best to check with local credit unions and community banks in Edgar County for the most accurate, personalized rates.
Are there any down payment assistance programs available for homebuyers in Kansas, IL?
Yes, homebuyers in Kansas can utilize the Illinois Housing Development Authority's (IHDA) programs, such as the 1stHomeIllinois loan, which offers up to $7,500 in down payment assistance as a forgivable loan. Additionally, some local lenders may offer special programs for first-time buyers in Edgar County. These programs are particularly valuable in Kansas' affordable housing market.
How does Kansas' rural location affect the mortgage approval process?
Kansas' rural classification can sometimes mean more stringent property appraisal requirements, as comparable home sales may be limited in the immediate area. Lenders may require appraisers to look at properties within a wider geographic radius. However, USDA loans are particularly well-suited for this area and offer 100% financing for qualified buyers in designated rural areas.
What types of properties are most common in Kansas, IL, and how does this impact mortgage options?
Kansas features primarily single-family homes, many with larger lots and some agricultural properties on the outskirts. This makes conventional loans and FHA loans the most common mortgage types. If you're considering a property with acreage (typically over 10 acres), you may need a specialized rural property loan rather than a standard residential mortgage.
Are there any local property tax considerations I should know about when getting a mortgage in Kansas?
Edgar County, where Kansas is located, has relatively low property tax rates compared to many Illinois counties, typically ranging from 1.5% to 2.0% of assessed value. When calculating your mortgage payment, expect property taxes to add $150-$300 monthly to your payment for a typical Kansas home. Your lender will help you estimate the exact amount during the pre-approval process.
Why Choose a Mortgage Lender in Kansas?
Local Market Knowledge
Lenders who understand Kansas's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Illinois.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Kansas and get competitive rates on your home loan.