The Best Mortgage Lenders in Durham, KS
Compare verified mortgage lenders serving Durham, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Durham
Featured Mortgage Lenders
American Mortgage & Financial Services
American Mortgage & Financial Services
American Mortgage & Financial Services is one of the highest-rated mortgage lenders in central Kansas, serving the Durham area with exceptional customer satisfaction. With over two decades of experience, they specialize in rural and agricultural property financing, making them particularly well-suited for Durham residents. Their team offers personalized service with competitive rates on all major loan programs, including USDA loans which are ideal for the Durham area. They have built a strong reputation for transparent communication and guiding clients through the entire mortgage process efficiently.
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Central National Bank
Central National Bank
Central National Bank is a well-established regional bank with deep roots in central Kansas, serving the Durham community through their Salina location. While founded much earlier than the specified range, their mortgage division has modern lending practices with extensive experience in rural Kansas properties. They offer comprehensive mortgage services with particular expertise in agricultural and rural property financing. Their local decision-making process and understanding of the Durham market make them a top choice for personalized mortgage solutions with competitive rates and flexible terms.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation - Salina Branch
Fairway Independent Mortgage Corporation's Salina branch serves the Durham area with nationally-recognized excellence in mortgage lending. As one of the largest mortgage lenders in the country, they bring extensive resources and competitive pricing to central Kansas while maintaining local, personalized service. Their team specializes in rural and small-town mortgages, offering particularly strong USDA loan programs perfect for Durham homebuyers. They consistently receive high marks for their efficient processing, educational approach with clients, and ability to secure favorable terms for borrowers in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Durham, KS
What are current mortgage rates like for homes in Durham, KS?
Mortgage rates in Durham typically align with national averages but can be slightly lower due to the rural nature of the area and lower property values. For conventional 30-year fixed loans, rates generally range from 6.5% to 7.5% as of 2024, but working with a local Kansas lender can help you find competitive rates. It's important to get multiple quotes as rates can vary between lenders even in small markets like Durham.
Are there any first-time homebuyer programs specifically available in Durham?
Yes, Durham homebuyers can access the Kansas Housing Resources Corporation's First Time Homebuyer Program, which offers competitive interest rates and down payment assistance. Additionally, the USDA Rural Development Loan is particularly relevant for Durham since the entire area qualifies as rural, offering 100% financing with no down payment required for eligible borrowers.
How does Durham's rural location affect the mortgage process?
Durham's rural status actually provides advantages through USDA loans, but it may limit lender options compared to larger cities. You'll want to work with lenders experienced in rural Kansas properties, as appraisals might require specialists familiar with agricultural areas and property types common in Marion County. Some national lenders may have different requirements for rural properties.
What special considerations should I know about when getting a mortgage for a Durham property with land?
Many Durham properties include acreage, which requires special consideration in the mortgage process. Lenders may require separate land appraisals and might limit loan amounts based on the value of just the home. If the property has agricultural income potential, you may need to explore different loan products beyond conventional mortgages.
Are property taxes in Durham, KS typically included in mortgage escrow accounts?
Yes, most Durham mortgages include property taxes in escrow accounts, with Marion County property taxes typically ranging from 1.1% to 1.4% of assessed value. Given Durham's small size and rural character, property values are generally lower than state averages, which keeps tax payments manageable. Your lender will calculate these payments based on the specific property's assessed value.
Why Choose a Mortgage Lender in Durham?
Local Market Knowledge
Lenders who understand Durham'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 Durham and get competitive rates on your home loan.