The Best Mortgage Lenders in Cambridge, KS
Compare verified mortgage lenders serving Cambridge, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cambridge
Featured Mortgage Lenders
Mortgage Department
Community National Bank & Trust
Community National Bank & Trust is a highly-rated regional bank with deep roots in Southeast Kansas, serving Cambridge and surrounding communities for over 135 years. Their mortgage department receives exceptional reviews for personalized service, local underwriting decisions, and competitive rates. As a community-focused institution, they offer a comprehensive range of loan products with the advantage of local decision-making and relationship-based lending. Their experienced loan officers understand the unique needs of rural Kansas homebuyers and have built a strong reputation for reliability and customer satisfaction throughout the region.
Loan Types:
Mortgage Services
Equity Bank
Equity Bank has established itself as a premier mortgage lender in Southeast Kansas with multiple branches serving the Cambridge area. They receive consistently high marks for their responsive customer service, competitive rates, and streamlined application process. Their mortgage team specializes in rural and small-town lending, offering USDA loans that are particularly beneficial for Cambridge area homebuyers. With local loan officers who understand the regional market and strong digital capabilities, Equity Bank provides both personalized service and modern convenience to mortgage customers throughout their service area.
Loan Types:
Home Loan Center
Emprise Bank
Emprise Bank brings over a century of banking experience to the Cambridge area with their strong regional presence in Southeast Kansas. Their mortgage division is particularly noted for expertise in construction lending and rural property financing, making them an excellent choice for Cambridge residents. Customers consistently praise their knowledgeable loan officers, transparent communication, and efficient closing processes. As a Kansas-based institution, they have deep understanding of local property values and market conditions, providing valuable guidance to homebuyers throughout the mortgage process from application to closing.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Cambridge, KS
What are the current average mortgage rates for homebuyers in Cambridge, KS?
Mortgage rates in Cambridge 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 7.25%, but working with a local lender who understands the Cambridge market can help secure competitive terms. Rates can vary based on property type and loan-to-value ratio.
Are there any first-time homebuyer programs specifically available in Cambridge, KS?
Yes, Cambridge homebuyers can access Kansas Housing Resources Corporation programs like First Time Homebuyer Program and Homeowner Rehab & Repair Program, which offer competitive interest rates and down payment assistance. These programs are particularly valuable in Cambridge where median home prices remain affordable compared to urban areas. Local lenders can also guide buyers toward USDA rural development loans, which are widely available in this region.
How does Cambridge's rural location affect mortgage options and requirements?
Cambridge's designation as a rural community makes many properties eligible for USDA loans, which offer 100% financing with no down payment requirement. This is particularly advantageous given the area's agricultural surroundings and smaller population. Conventional loans may require more stringent property condition requirements since rural appraisals can be more complex than in urban areas.
What unique closing costs should Cambridge homebuyers anticipate?
Cambridge homebuyers should budget for typical Kansas closing costs including title insurance, recording fees, and lender fees, which typically range from 2-5% of the home's price. Unique to the area might be additional well and septic inspections for rural properties, and potentially higher survey costs due to larger land parcels common in the Cambridge area.
How does the Cambridge real estate market affect mortgage approval and home values?
Cambridge's stable but slower-moving real estate market means appraisals can be challenging due to fewer comparable sales, which may require appraisers to look at nearby communities. The area's affordable housing prices (typically $100,000-$200,000 range) mean lower loan amounts, which can sometimes affect lender options but generally make homeownership more accessible to moderate-income buyers.
Why Choose a Mortgage Lender in Cambridge?
Local Market Knowledge
Lenders who understand Cambridge'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 Cambridge and get competitive rates on your home loan.