The Best Mortgage Lenders in Byers, KS
Compare verified mortgage lenders serving Byers, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Byers
Featured Mortgage Lenders
Fidelity Bank Mortgage
Fidelity Bank
Fidelity Bank is one of Kansas' most established and highly-rated mortgage lenders with deep roots across the state. While headquartered in Wichita, they serve communities throughout Kansas including rural areas like Byers. They offer competitive rates and a wide variety of loan programs, with particular expertise in agricultural and rural property financing. Their long history and strong community presence make them a trusted choice for Kansas homeowners.
Loan Types:
Home Loan Investment Group
Home Loan Investment Company
This Wichita-based mortgage company has earned exceptional ratings for their personalized service and expertise in Kansas home financing. They specialize in serving both urban and rural Kansas communities, offering competitive rates and flexible loan options. Their team has extensive experience with USDA rural development loans, making them particularly well-suited for Byers residents seeking financing in more rural areas.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corp.
Fairway Independent Mortgage is a nationally recognized lender with a strong local presence in Wichita that serves communities throughout Kansas. They consistently receive top ratings for customer service and offer competitive rates with efficient processing. Their expertise in rural Kansas properties and USDA loan programs makes them an excellent choice for Byers area homebuyers seeking reliable mortgage services with the backing of a national company.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Byers, KS
What are the current average mortgage rates for homes in Byers, KS?
Mortgage rates in Byers typically align with national averages but can vary slightly based on local lenders and property types. As of recent data, 30-year fixed rates in the area generally range from 6.5% to 7.25%, though rural properties might see slightly higher rates. It's best to check with local Kansas lenders like Community National Bank or Equity Bank for the most current Byers-specific rates.
Are there any first-time homebuyer programs specifically available in Byers?
Yes, Byers homebuyers can access Kansas Housing Resources Corporation's first-time homebuyer programs, which offer down payment assistance and competitive interest rates. Additionally, some local lenders may offer special programs for rural home purchases given Byers' location in Reno County. These programs can be particularly helpful given the area's moderate home prices compared to larger Kansas cities.
How does Byers' rural location affect the mortgage approval process?
Byers' rural classification can impact lending through USDA Rural Development loans, which are widely available here and offer 100% financing. However, some conventional lenders may require additional property inspections due to the area's older housing stock and rural infrastructure. Appraisals might also take slightly longer as appraisers often travel from larger nearby cities like Hutchinson.
What types of properties are most common for mortgage lending in Byers?
Byers primarily features single-family homes on larger lots, many dating from the early to mid-20th century, and some agricultural properties with acreage. Mortgage lending for these properties typically involves conventional loans for standard homes and USDA or FHA loans for properties with land. Manufactured homes on permanent foundations are also common and eligible for certain loan programs.
Are there any local property tax considerations that affect mortgage payments in Byers?
Yes, Reno County property taxes in Byers are relatively moderate compared to urban areas, typically ranging from 1.1% to 1.4% of assessed value. These taxes are escrowed into your monthly mortgage payment, and lenders will factor them into your debt-to-income ratio. The stable tax environment makes housing costs more predictable for Byers homeowners compared to rapidly appreciating markets.
Why Choose a Mortgage Lender in Byers?
Local Market Knowledge
Lenders who understand Byers'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 Byers and get competitive rates on your home loan.