The Best Mortgage Lenders in Arcadia, KS
Compare verified mortgage lenders serving Arcadia, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Arcadia
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates, serving Arcadia and surrounding Kansas communities. With over 28 years of experience, they specialize in a wide range of loan products, including government-backed and jumbo loans, and have a strong reputation for smooth, efficient closings. Their high ratings and numerous positive reviews highlight their reliability and dedication to homeowner satisfaction, making them a preferred choice for both purchase and refinance mortgages in the region.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender with a strong presence in Kansas, offering personalized service and diverse loan options tailored to Arcadia residents. Founded in 2003, they have built a reputation for inclusivity and competitive pricing, with expertise in first-time homebuyer programs and refinancing. Their high customer satisfaction scores and extensive review count reflect their commitment to transparency and community support, ensuring clients receive reliable guidance throughout the mortgage process.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender known for its fast processing and community-focused approach, effectively serving Arcadia and the broader Kansas area. With 16 years of experience, they offer a comprehensive suite of mortgage products and emphasize local engagement through charitable initiatives. Their high ratings and substantial review count underscore their efficiency and customer-centric model, making them a trusted option for homebuyers seeking responsive service and competitive loan terms.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Arcadia, KS
What are current mortgage rates like for homebuyers in Arcadia, KS?
Mortgage rates in Arcadia typically align with national averages but can vary based on local lender competition and property types. As of recent trends, 30-year fixed rates in this area generally range from 6.5% to 7.5%, though rural properties might see slightly higher rates. Working with local lenders familiar with Crawford County's market can often secure more competitive terms.
Are there any first-time homebuyer programs specifically available in Arcadia?
Yes, Arcadia homebuyers can access Kansas Housing Resources Corporation programs like First Time Homebuyer Program and Homeownership Set-Aside Program, which offer competitive interest rates and down payment assistance. Additionally, Crawford County may have local assistance programs for moderate-income buyers. These programs are particularly valuable given Arcadia's affordable housing market.
How does Arcadia's rural location affect mortgage lending requirements?
Arcadia's rural classification can work to borrowers' advantage through USDA Rural Development loans, which offer 100% financing with no down payment required. However, some conventional lenders may require more stringent property inspections due to the area's older housing stock and limited comparable sales data. Appraisals might take longer than in urban areas.
What special considerations should I know about when getting a mortgage for a farm or acreage property near Arcadia?
Financing rural properties with acreage in the Arcadia area often requires agricultural or rural property loans rather than standard residential mortgages. Lenders typically require larger down payments (20-30%) and may restrict the amount of income-producing land. You'll need to work with lenders experienced in rural Kansas properties who understand local land values.
How does Arcadia's proximity to Pittsburg and Frontenac affect mortgage options?
Arcadia's location within the Pittsburg metropolitan statistical area provides access to more lender options while maintaining rural program eligibility. Many Arcadia residents work in Pittsburg, which can strengthen employment verification for mortgage applications. However, some lenders may consider commute distances when evaluating debt-to-income ratios for employment stability.
Why Choose a Mortgage Lender in Arcadia?
Local Market Knowledge
Lenders who understand Arcadia'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 Arcadia and get competitive rates on your home loan.