The Best Mortgage Lenders in Berryton, KS
Compare verified mortgage lenders serving Berryton, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Berryton
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in the Kansas City metro area, serving Berryton through its Overland Park office. Known for its competitive rates, innovative digital platform, and exceptional customer service, the company has consistently high ratings for its efficient loan processing and wide range of loan options. With over two decades of experience, it maintains an A+ BBB rating and is praised for its transparency and reliability in the mortgage industry.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly reputable lender with deep roots in the Midwest, including service to Berryton through its Lenexa branch. It excels in customer satisfaction, offering personalized service and competitive rates, particularly for first-time homebuyers and refinancing. With nearly three decades of experience, the company is celebrated for its community involvement, fast closings, and a broad portfolio of loan products, backed by numerous industry awards and strong client reviews.
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New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with a dedicated office in Overland Park that serves the Berryton area. It is praised for its diverse loan options, including programs for low-to-moderate income borrowers, and its commitment to minority communities. With over 20 years in business, the company boasts high customer satisfaction scores for its responsive service, educational resources, and competitive pricing, making it a trusted choice for homebuyers in Kansas.
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Frequently Asked Questions
Common questions about mortgage lending in Berryton, KS
What are the current average mortgage rates for homebuyers in Berryton, KS?
Mortgage rates in Berryton typically align with national averages but can vary based on local lenders. Currently, 30-year fixed rates hover around 6.5-7%, while 15-year fixed rates are approximately 5.75-6.25%. It's best to check with local Berryton lenders like Community National Bank or Kaw Valley State Bank for the most accurate, personalized rates.
Are there any first-time homebuyer programs specifically available in Berryton?
Yes, Berryton homebuyers can access Kansas Housing Resources Corporation programs like First Time Homebuyer Program and Homeownership Set-Aside Program. These offer competitive interest rates, down payment assistance, and closing cost help. Additionally, Shawnee County may have local initiatives for moderate-income buyers purchasing in the Berryton area.
How does Berryton's rural location affect mortgage lending options?
Berryton's rural designation makes some buyers eligible for USDA Rural Development loans, which offer 100% financing with no down payment. This is particularly beneficial given Berryton's location outside Topeka's urban core. However, not all properties qualify, so verify USDA eligibility for your specific property before applying.
What special considerations should I know about property taxes when getting a mortgage in Berryton?
Berryton properties fall under Shawnee County tax jurisdiction, with current rates around 1.25-1.4% of assessed value. Your mortgage lender will typically escrow these payments, adding approximately $200-300 monthly to your payment for a $250,000 home. Recent reassessments have increased values, so budget for potential tax increases.
How competitive is the mortgage pre-approval process in Berryton's housing market?
With Berryton's relatively affordable housing market, pre-approval remains crucial but less competitive than urban areas. Local lenders understand the market dynamics and can typically provide pre-approval within 1-2 business days. Having a pre-approval from a trusted local lender strengthens your offer in this steady but active rural market.
Why Choose a Mortgage Lender in Berryton?
Local Market Knowledge
Lenders who understand Berryton'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 Berryton and get competitive rates on your home loan.