The Best Mortgage Lenders in Cummings, KS
Compare verified mortgage lenders serving Cummings, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cummings
Featured Mortgage Lenders
New American Funding
New American Funding
New American Funding is a highly-rated mortgage lender with a robust presence in the Kansas City metropolitan area, including service to Cummings, Kansas. Known for their competitive rates and exceptional customer service, they specialize in a wide array of loan options and have a strong track record of helping borrowers in rural and suburban communities. Their local office in Overland Park ensures personalized attention and efficient processing, backed by hundreds of positive reviews highlighting their reliability and expertise.
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Flat Branch Home Loans
Flat Branch Home Loans
Flat Branch Home Loans has built a stellar reputation over two decades serving the Kansas and Missouri regions, including Cummings, Kansas. They are praised for their personalized approach, deep local market knowledge, and ability to handle unique financing needs for rural properties. With competitive rates and a focus on customer satisfaction, they have accumulated numerous positive reviews for their transparent processes and dedicated support, making them a top choice for homebuyers in the area.
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Supreme Lending
Supreme Lending
Supreme Lending is a nationally recognized mortgage company with a strong local foothold in the Kansas City area, providing services to Cummings, Kansas. They offer a comprehensive range of loan products and are renowned for their efficient processing, competitive rates, and high customer satisfaction. Their experienced team excels in guiding borrowers through the mortgage process, supported by a solid history of positive feedback and a commitment to community involvement in Kansas.
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Frequently Asked Questions
Common questions about mortgage lending in Cummings, KS
What are the current average mortgage rates for homebuyers in Cummings, KS?
Mortgage rates in Cummings typically align with national averages but can be slightly lower due to the area's rural designation and lower cost of living. As of late 2023, 30-year fixed rates in the Cummings area generally range between 6.5-7%, though this varies by lender and borrower qualifications. Local credit unions like CrossFirst Bank often offer competitive rates for Northeast Kansas residents.
Are there any special mortgage programs available specifically for Cummings residents?
Yes, Cummings homebuyers may qualify for USDA Rural Development loans since Atchison County is designated rural by the USDA. These programs offer 100% financing with no down payment requirement, making homeownership more accessible. Additionally, the Kansas Housing Resources Corporation offers first-time homebuyer programs with down payment assistance that apply throughout the state, including Cummings.
How does Cummings' rural location affect the mortgage approval process?
Cummings' rural setting can impact appraisals since comparable home sales may be limited, potentially requiring appraisers to look at properties in nearby towns like Atchison or Effingham. Lenders may also consider the property's distance from emergency services and employment centers. However, the rural character can work to your advantage with specialized USDA loans that aren't available in urban areas.
What should I know about property taxes when getting a mortgage in Cummings?
Atchison County property taxes in Cummings are relatively moderate compared to urban Kansas areas, typically ranging from 1.1% to 1.4% of assessed value. Your mortgage lender will calculate these into your monthly payment through an escrow account. It's important to note that while Cummings has lower property values than metropolitan areas, tax rates can vary based on the specific township within the county.
Are there local lenders in Cummings who understand the unique market conditions?
While Cummings itself is small, several established local lenders in nearby Atchison (15 minutes away) and surrounding Northeast Kansas communities have extensive experience with Cummings properties. Institutions like Exchange National Bank & Trust and Central National Bank have deep roots in the area and understand the local market dynamics, including seasonal employment patterns and agricultural influences on property values.
Why Choose a Mortgage Lender in Cummings?
Local Market Knowledge
Lenders who understand Cummings'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 Cummings and get competitive rates on your home loan.