The Best Mortgage Lenders in Atchison, KS
Compare verified mortgage lenders serving Atchison, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Atchison
Featured Mortgage Lenders
Exchange Bank of Missouri
Exchange Bank of Missouri
Exchange Bank of Missouri is a highly-rated local community bank with deep roots in Atchison, serving the community since 1887. They offer personalized mortgage services with local decision-making, competitive rates, and a wide range of loan products. Their experienced loan officers provide one-on-one guidance through the entire mortgage process, making them a top choice for Atchison residents seeking reliable, community-focused lending with the convenience of local service and quick turnaround times.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a nationally recognized mortgage lender with strong presence throughout Kansas, including Atchison. With exceptional customer satisfaction ratings and thousands of positive reviews, they offer competitive rates and innovative loan products. Their local Kansas team understands the regional market dynamics and provides personalized service with digital convenience. They're particularly noted for their efficient processing, excellent communication, and expertise in various loan programs including first-time homebuyer assistance.
Loan Types:
Union Bank & Trust Company
Union Bank & Trust Company
Union Bank & Trust is a well-established regional bank serving communities throughout eastern Kansas, including Atchison. With over a century of experience, they offer comprehensive mortgage solutions with competitive rates and personalized service. Their local loan officers provide expert guidance on various loan programs and they're known for their straightforward application process and reliable customer service. As a community-focused institution, they understand the specific needs of Kansas homeowners and offer both purchase and refinance options with local underwriting.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Atchison, KS
What are the current mortgage rates like in Atchison, KS?
Mortgage rates in Atchison typically align with national averages but can vary slightly based on local lender competition. Currently, rates range from the mid-6% to low-7% for 30-year fixed mortgages, with local credit unions like Atchison Hospital Employees Credit Union often offering competitive rates. It's wise to compare offers from both local and national lenders to secure the best rate.
Are there any first-time homebuyer programs specific to Atchison?
Yes, Atchison homebuyers can access Kansas Housing Resources Corporation programs like First Time Homebuyer Program and Homeowner Rehab & Purchase Program, which offer down payment assistance and affordable fixed-rate mortgages. Additionally, local lenders may have special programs for first-time buyers, particularly those working in essential services like education or healthcare within the community.
How does Atchison's historic district affect mortgage lending?
Purchasing in Atchison's historic districts may require special considerations, as some lenders might require additional inspections for older homes. However, this shouldn't significantly impact loan approval if the property meets standard lending criteria. Some historic homes may even qualify for specific rehabilitation loans or tax incentives that can make financing more attractive.
What are the typical down payment requirements for homes in Atchison?
Down payments in Atchison typically range from 3-5% for conventional loans, with FHA loans requiring 3.5% down. Given Atchison's median home price around $150,000, this makes homeownership relatively accessible. Local lenders often work with buyers who have limited savings but stable income, given the area's affordable housing market.
How does Atchison's rural location impact mortgage options?
Atchison's designation as a rural area makes some buyers eligible for USDA loans, which offer 100% financing with no down payment requirement. This can be particularly beneficial for moderate-income buyers looking at properties in the surrounding agricultural areas. Local lenders are familiar with these programs and can guide buyers through the specific eligibility requirements for Atchison County.
Why Choose a Mortgage Lender in Atchison?
Local Market Knowledge
Lenders who understand Atchison'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 Atchison and get competitive rates on your home loan.