The Best Mortgage Lenders in Auburn, KS
Compare verified mortgage lenders serving Auburn, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Auburn
Featured Mortgage Lenders
American Mortgage & Financial Services
American Mortgage & Financial Services
American Mortgage & Financial Services is a highly-rated Topeka-based mortgage broker serving the Auburn area with exceptional customer satisfaction. With over two decades of experience, they specialize in personalized service and competitive rates across all loan types. Their team of local experts provides comprehensive guidance through the entire mortgage process, earning numerous positive reviews for their responsiveness, transparency, and ability to secure favorable terms for clients throughout northeast Kansas.
Loan Types:
Capitol Federal
Capitol Federal Savings Bank
As one of Kansas' most established financial institutions, Capitol Federal has served the Auburn community for generations. This Topeka-based savings bank maintains an outstanding reputation for mortgage lending with competitive rates and local decision-making. Their experienced loan officers provide personalized service with the stability of a century-old institution. Capitol Federal offers a complete range of mortgage products and is particularly noted for their construction lending expertise and commitment to the communities they serve.
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Summit Mortgage Corporation
Summit Mortgage Corporation
Summit Mortgage Corporation has built an exceptional reputation over three decades serving the Topeka region including Auburn. As a locally-owned mortgage lender, they combine the personal service of a small company with the resources and product diversity of larger institutions. They're particularly praised for their efficient processing, competitive rates, and expert guidance through complex loan scenarios. Their team of seasoned professionals focuses on building long-term relationships with clients and real estate professionals throughout northeast Kansas.
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Frequently Asked Questions
Common questions about mortgage lending in Auburn, KS
What are the current average mortgage rates for homebuyers in Auburn, KS?
Mortgage rates in Auburn typically align with national averages but can be slightly lower due to the area's rural classification and lower cost of living. As of late 2024, 30-year fixed rates in Auburn generally range from 6.5% to 7.2%, though these vary by lender, loan type, and borrower qualifications. Local credit unions like Credit Union of America often offer competitive rates for Auburn residents.
Are there any first-time homebuyer programs specifically available in Auburn, KS?
Yes, Auburn homebuyers can access Kansas Housing Resources Corporation's "First Time Home Buyer" program, which offers competitive interest rates and down payment assistance. Additionally, the USDA Rural Development loan is particularly relevant for Auburn since the entire area qualifies for 100% financing with no down payment required, making homeownership more accessible in this rural community.
How does Auburn's rural location affect my mortgage options?
Auburn's rural designation makes you eligible for USDA loans, which require no down payment and offer competitive rates. Many lenders also consider Auburn part of the Topeka metropolitan statistical area, which can provide access to both rural and urban lending programs. However, you may find fewer local bank branches compared to larger cities, so exploring regional lenders who serve rural Kansas is beneficial.
What property types are most common in Auburn's mortgage market?
Auburn's mortgage market primarily consists of single-family homes on larger lots, many with acreage, and manufactured homes on permanent foundations. Traditional mortgages work well for standard homes, while properties with significant land may require specialized rural property appraisal. Manufactured homes typically need to meet HUD certification standards and be on owned land to qualify for most conventional financing.
Are property taxes in Auburn, KS typically included in mortgage escrow accounts?
Yes, most lenders in Auburn include Shawnee County property taxes in escrow accounts, with annual rates approximately 1.25-1.4% of assessed value. Auburn's location in Shawnee County means taxes are generally lower than in more urban areas of Kansas, but lenders still typically require escrow to ensure timely payments to both the county and your homeowner's insurance provider.
Why Choose a Mortgage Lender in Auburn?
Local Market Knowledge
Lenders who understand Auburn'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 Auburn and get competitive rates on your home loan.