The Best Mortgage Lenders in Ashland, KS
Compare verified mortgage lenders serving Ashland, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ashland
Featured Mortgage Lenders
Ashland State Bank
Ashland State Bank
As the primary local banking institution in Ashland itself, Ashland State Bank offers deeply personalized mortgage services with community-focused lending. With over a century of continuous operation, they provide exceptional local knowledge of Clark County real estate markets and offer competitive rates with flexible underwriting. Their small-town approach means customers work directly with decision-makers who understand rural property values and agricultural considerations unique to southwest Kansas.
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Fidelity Bank
Fidelity Bank
With strong regional presence across Kansas, Fidelity Bank serves Ashland and surrounding rural communities with comprehensive mortgage solutions. They combine the stability of a 130+ year institution with modern digital mortgage tools while maintaining personalized service. Their expertise in rural Kansas properties and USDA loans makes them particularly well-suited for Ashland area homebuyers. They offer competitive rates and have earned high customer satisfaction ratings for their responsive service and local underwriting expertise.
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Academy Bank
Academy Bank, N.A.
Serving western Kansas communities including Ashland, Academy Bank provides accessible mortgage services with multiple branch locations throughout the region. They offer specialized programs for first-time homebuyers and competitive government-backed loans ideal for the Ashland market. With over 55 years of banking experience in Kansas, they understand the unique aspects of rural property financing and provide personalized service through local loan officers who know the southwest Kansas real estate landscape.
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Frequently Asked Questions
Common questions about mortgage lending in Ashland, KS
What are the current average mortgage rates in Ashland, KS, and how do they compare to state averages?
Mortgage rates in Ashland typically align closely with Kansas state averages, often ranging between 6.5% and 7.5% for 30-year fixed loans as of 2024. However, local lenders like Ashland State Bank may offer competitive rates specific to the community. It's wise to compare both local and national lenders, as rural markets can sometimes have slightly higher rates due to smaller lending pools.
Are there any first-time homebuyer programs specifically available for Ashland residents?
Yes, Ashland homebuyers can access statewide programs like the Kansas Housing Resources Corporation's "First Time Homebuyer Program," which offers down payment assistance and affordable fixed-rate mortgages. Additionally, some local lenders may provide special incentives for teachers, healthcare workers, or agricultural employees who are essential to the Ashland community. These programs can make homeownership more accessible in Ashland's affordable housing market.
How does Ashland's rural location affect the mortgage approval process?
Ashland's rural setting can impact appraisals, as comparable home sales may be limited in the area, potentially requiring appraisers to look at properties in broader Clark County. Lenders might also consider employment stability in Ashland's main sectors—agriculture, education, and healthcare—when evaluating income. Working with a lender familiar with rural Kansas markets can streamline this process.
What types of properties in Ashland are eligible for USDA loans, and how can I qualify?
Most of Ashland and surrounding Clark County qualify for USDA Rural Development loans due to their rural designation. These loans offer 100% financing for single-family homes that meet USDA property standards. To qualify, borrowers must meet income limits (which are generous for the area) and use the home as their primary residence, making it an excellent option for Ashland's moderate-income buyers.
Are property taxes in Ashland typically included in mortgage escrow accounts, and how do they affect affordability?
Yes, most lenders in Ashland will include property taxes in your monthly escrow payment. Clark County's property taxes are relatively low compared to urban Kansas areas, averaging about 1.1% of home value annually. This helps keep overall housing costs affordable, but it's important to verify exact tax amounts with the Clark County Treasurer's Office during your home search.
Why Choose a Mortgage Lender in Ashland?
Local Market Knowledge
Lenders who understand Ashland'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 Ashland and get competitive rates on your home loan.