The Best Mortgage Lenders in Augusta, KS
Compare verified mortgage lenders serving Augusta, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Augusta
Featured Mortgage Lenders
Equity Bank Mortgage
Equity Bank
Equity Bank stands out as the premier local banking institution actually headquartered in Augusta, Kansas, with deep community roots and exceptional customer satisfaction ratings. As a community-focused bank with multiple physical branches throughout the region, they offer personalized mortgage services with local decision-making authority. Their mortgage team provides competitive rates and specializes in both purchase loans and refinancing options, with particular expertise in rural and suburban property financing. The bank's strong capital position and local underwriting allow for flexible lending criteria that benefit Augusta residents specifically.
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The Mortgage Group, LLC
The Mortgage Group, LLC
Serving the greater Wichita metropolitan area including Augusta, The Mortgage Group has built an outstanding reputation for exceptional customer service and competitive mortgage products. This locally-owned mortgage brokerage consistently receives top ratings for their personalized approach and extensive loan product selection. Their team of experienced loan officers specializes in navigating complex financing scenarios and offers particularly strong first-time homebuyer programs. With deep relationships with multiple lenders, they can shop rates on behalf of Augusta clients to secure optimal terms.
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Guild Mortgage Company - Wichita
Guild Mortgage Company
Guild Mortgage's Wichita branch serves the Augusta area with nationally-recognized mortgage expertise and locally-delivered personalized service. As one of the largest independent mortgage lenders in the United States, Guild offers an extensive range of loan products while maintaining the flexibility and personal attention of a local lender. They are particularly noted for their exceptional VA loan programs and down payment assistance options, making homeownership accessible to a wide range of Augusta residents. Their long-standing presence in Kansas mortgage lending ensures stable, reliable service with competitive rates.
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Frequently Asked Questions
Common questions about mortgage lending in Augusta, KS
What are the current average mortgage rates for homebuyers in Augusta, KS?
Mortgage rates in Augusta typically align with national averages but can be slightly lower due to the area's rural designation and lower cost of living. As of recent data, 30-year fixed rates in the area generally range from 6.5% to 7.2%, though this varies by lender and borrower qualifications. Local credit unions like Credit Union of America often offer competitive rates for Augusta residents.
Are there any first-time homebuyer programs specifically available in Augusta?
Yes, Augusta homebuyers can access the "First Time Home Buyer" program through the Kansas Housing Resources Corporation (KHRC), which offers down payment assistance and competitive interest rates. Additionally, the city's participation in statewide programs provides opportunities for low-interest loans and grants. Local lenders are well-versed in these programs and can help you determine eligibility based on Augusta's specific income limits.
How does Augusta's proximity to Wichita affect mortgage lending and property values?
Augusta's location just 20 minutes from Wichita makes it part of the Wichita Metropolitan Statistical Area, which can influence both property values and lending practices. This proximity often results in higher appraisal values compared to more isolated rural towns, and lenders may view properties here as lower risk. However, you'll still benefit from Augusta's relatively lower property taxes compared to Wichita proper.
What special considerations should I know about when getting a mortgage for a home in Augusta's flood-prone areas?
Properties near the Walnut River or other water bodies in Augusta may require flood insurance, which lenders will mandate if the home is in a designated flood zone. This additional cost must be factored into your mortgage qualification calculations. It's crucial to work with a local lender who understands Augusta's specific flood maps and can help you navigate these requirements.
Are there any local down payment assistance programs available specifically for Augusta homebuyers?
While Augusta doesn't have city-specific programs, Butler County offers down payment assistance through the Kansas Housing Resources Corporation's programs. The "Kansas Home Program" provides up to $15,000 in down payment assistance for eligible buyers in Augusta. Local mortgage brokers can also connect you with employer-assisted programs if you work at major local employers like the Augusta School District or certain manufacturing facilities.
Why Choose a Mortgage Lender in Augusta?
Local Market Knowledge
Lenders who understand Augusta'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 Augusta and get competitive rates on your home loan.