The Best Mortgage Lenders in Edson, KS
Compare verified mortgage lenders serving Edson, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Edson
Featured Mortgage Lenders
NBKC Bank
NBKC Bank
NBKC Bank is a highly-rated online lender known for its competitive mortgage rates, transparency, and efficient digital application process. With over two decades of experience, they consistently receive praise for low fees and quick closing times. They serve all of Kansas, including Edson, and are accredited with the Better Business Bureau, making them a top choice for homebuyers seeking reliability and excellent customer service.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a top-rated national lender with a strong regional presence in the Midwest, including Kansas. They are renowned for personalized service, extensive loan options, and competitive rates. With thousands of positive reviews, they have local loan officers who understand the Edson area market, ensuring a smooth and tailored mortgage experience for high customer satisfaction.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a award-winning lender known for exceptional customer service, a wide range of mortgage products, and competitive financing options. With nearly three decades in business, they have high ratings for efficiency and support. They serve Kansas comprehensively, including Edson, and are praised for their dedicated loan officers and community involvement, making them a trusted choice for homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Edson, KS
What are the current average mortgage rates for homebuyers in Edson, KS?
Mortgage rates in Edson typically align with national averages but can be slightly lower due to the rural nature of the area and lower cost of living. As of 2024, you can expect conventional 30-year fixed rates around 6.5-7%, though this varies by lender and credit profile. Local credit unions like First National Bank of Phillips County often offer competitive rates for Edson residents.
Are there any special mortgage programs available for first-time homebuyers in Edson?
Yes, Kansas Housing Resources Corporation offers several first-time homebuyer programs accessible to Edson residents, including down payment assistance and affordable mortgage options. Additionally, some local lenders provide special programs for essential workers like teachers and healthcare professionals in Northwest Kansas. These programs can help with lower down payments and closing cost assistance.
How does Edson's rural location affect the mortgage approval process?
Edson's rural classification can impact mortgage approval through USDA loans, which are widely available here and offer 100% financing with no down payment required. However, some 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.
What types of properties are most common for mortgage financing in Edson?
Most mortgage financing in Edson involves single-family homes, many of which are older properties built before 1980, and agricultural-style homes with larger lots. You'll find that conventional, FHA, and USDA loans are the most common financing options here. Manufactured homes on permanent foundations are also frequently financed, though they may require specific loan programs.
Are there local property tax considerations I should know about when getting a mortgage in Edson?
Sherman County property taxes are relatively low compared to urban areas in Kansas, typically ranging from 1.1% to 1.4% of assessed value. However, properties in Edson may qualify for agricultural valuation reductions if they include farmland. Your mortgage lender will help estimate these taxes for your escrow account, but it's wise to verify with the Sherman County Treasurer's Office for exact figures.
Why Choose a Mortgage Lender in Edson?
Local Market Knowledge
Lenders who understand Edson'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 Edson and get competitive rates on your home loan.