The Best Mortgage Lenders in Allen, KS
Compare verified mortgage lenders serving Allen, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Allen
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly rated for its exceptional customer service and efficient loan processing, with a strong presence in Kansas. They are known for their competitive rates and a wide range of loan options, including specialized programs for first-time homebuyers. Their local loan officers in Wichita serve the Allen area, providing personalized support and quick closings, backed by numerous positive reviews highlighting their reliability and community involvement.
Loan Types:
New American Funding
New American Funding
New American Funding offers a diverse portfolio of mortgage products with a focus on inclusive lending and competitive rates. They have a robust local presence in Overland Park, serving rural areas like Allen, KS, and are praised for their knowledgeable staff and streamlined application process. Customers frequently commend their responsiveness and ability to handle complex loan scenarios, making them a top choice for homebuyers in the region.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is renowned for its high customer satisfaction ratings and extensive experience in the mortgage industry. They provide a comprehensive suite of loan options and are celebrated for their competitive rates and dedicated local service in the Kansas City metro area, which includes Allen, KS. Their team is known for going above and beyond to ensure a smooth mortgage experience, with many reviews highlighting their professionalism and expertise.
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Frequently Asked Questions
Common questions about mortgage lending in Allen, KS
What are the current average mortgage rates for homebuyers in Allen, KS?
Mortgage rates in Allen typically align with national averages but can be slightly lower due to the rural nature of the area and lower cost of living. As of recent data, 30-year fixed rates in Allen generally range between 6.5% and 7%, but it's best to check with local lenders like Community National Bank or Emprise Bank for the most current Allen-specific rates.
Are there any first-time homebuyer programs specifically available in Allen, KS?
Yes, Allen homebuyers can access Kansas Housing Resources Corporation programs like First Time Homebuyer Program and Homeowner Rehab Program, which offer competitive interest rates and down payment assistance. These state programs are particularly valuable in Allen where median home prices are below state averages, making homeownership more accessible.
How does Allen's rural location affect the mortgage approval process?
Allen's rural classification can work to your advantage through USDA Rural Development loans, which offer 100% financing with no down payment required. However, appraisals might take slightly longer as appraisers often need to travel from larger nearby cities like Topeka or Emporia to complete property evaluations.
What types of properties are most common in Allen's mortgage market?
Allen's mortgage market primarily consists of single-family homes and manufactured homes on permanent foundations. Given the town's small size and agricultural surroundings, rural properties with acreage are common, which may require specialized appraisals and sometimes different lending criteria compared to urban properties.
Are there any local property tax considerations I should know about when getting a mortgage in Allen?
Allen homeowners benefit from relatively low property tax rates compared to larger Kansas cities, with Allen County rates typically around 1.2-1.4% of assessed value. However, it's important to factor in potential special assessments for rural infrastructure improvements, which some lenders may require to be escrowed with your mortgage payment.
Why Choose a Mortgage Lender in Allen?
Local Market Knowledge
Lenders who understand Allen'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 Kansas.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Allen and get competitive rates on your home loan.