The Best Mortgage Lenders in Benton, KS
Compare verified mortgage lenders serving Benton, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Benton
Featured Mortgage Lenders
CrossFirst Bank Mortgage
CrossFirst Bank
CrossFirst Bank has established itself as a premier regional mortgage lender with strong presence throughout eastern Kansas. With their Ottawa location just 15 miles from Benton, they offer personalized service and competitive rates specifically tailored for rural and small-town Kansas communities. They are particularly known for their expertise in agricultural and rural property financing, making them an excellent choice for Benton residents. Their mortgage team provides local underwriting decisions and maintains high customer satisfaction ratings for both purchase and refinance transactions.
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Sunflower Bank Mortgage
Sunflower Bank, N.A.
As one of the most established financial institutions in the region, Sunflower Bank has deep roots in Kansas communities and extensive experience serving rural markets like Benton. Their mortgage division offers comprehensive lending solutions with local loan officers who understand the unique needs of Franklin County residents. They are particularly strong in USDA rural development loans and first-time homebuyer programs, with a reputation for smooth closings and competitive rate options. Their long history and community-focused approach make them a trusted choice.
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Capitol Federal Mortgage
Capitol Federal Savings Bank
Capitol Federal ("Cap Fed") is a Kansas-based institution with a strong statewide presence and excellent reputation for mortgage lending. While based in Topeka (approximately 45 miles from Benton), they actively serve communities throughout eastern Kansas with competitive rates and exceptional customer service. They are known for their straightforward lending process, local decision-making, and commitment to Kansas communities. Cap Fed offers a wide range of mortgage products and has particular expertise in serving both urban and rural Kansas homebuyers, making them a reliable choice for Benton area residents.
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Frequently Asked Questions
Common questions about mortgage lending in Benton, KS
What are the current average mortgage rates for homebuyers in Benton, KS?
Mortgage rates in Benton typically align with national averages but can be slightly lower due to the area's rural classification and lower cost of living. As of recent data, 30-year fixed rates generally range from 6.5% to 7.2%, but it's essential to get personalized quotes from local lenders like Community National Bank or Equity Bank, as they may offer competitive local promotions.
Are there any first-time homebuyer programs specifically available in Benton, KS?
Yes, Benton homebuyers can access the "First Time Home Buyer Grant" program through the Kansas Housing Resources Corporation (KHRC), which offers down payment assistance and competitive interest rates. Additionally, some local lenders may offer special programs for teachers, healthcare workers, or veterans in the Benton area to support community growth.
How does Benton's rural location affect mortgage lending and property eligibility?
Benton's rural setting makes many homes eligible for USDA loans, which offer 100% financing with no down payment required for qualified buyers. However, properties must meet USDA eligibility criteria for rural areas, and appraisals might take slightly longer due to the need for specialized rural property assessments.
What should I know about property taxes and insurance when getting a mortgage in Benton?
Barton County property taxes in Benton are relatively low compared to urban Kansas areas, averaging about 1.2% of assessed value. Homeowners insurance is also generally affordable, but lenders may require additional flood insurance if the property is near wetlands or the Arkansas River, so factor these into your monthly payment estimates.
Are there local lenders in Benton that understand the unique market conditions here?
Yes, working with local institutions like First Kansas Bank or Sunflower Bank can be advantageous as they have specific knowledge of Benton's stable but slow-growing market. These lenders often offer more flexible underwriting for local properties and can provide insights on neighborhood-specific value trends that national lenders might overlook.
Why Choose a Mortgage Lender in Benton?
Local Market Knowledge
Lenders who understand Benton'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 Benton and get competitive rates on your home loan.