The Best Mortgage Lenders in Erie, KS
Compare verified mortgage lenders serving Erie, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Erie
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender known for its exceptional customer service, competitive rates, and extensive loan options. With a strong presence in Southeast Kansas, they serve Erie and surrounding areas, offering personalized guidance and efficient processing. Their high ratings reflect a commitment to client satisfaction and community support.
Loan Types:
New American Funding
New American Funding
New American Funding is praised for its diverse mortgage products and support for first-time homebuyers, serving clients across Kansas including Erie. They are recognized for competitive rates, streamlined approval processes, and a focus on inclusive lending, with high customer satisfaction ratings.
Loan Types:
Equity Bank
Equity Bank
Equity Bank is a community-focused lender with a strong regional presence in Southeast Kansas, offering personalized mortgage services and local decision-making. They provide competitive rates, flexible loan options, and are known for their reliability and involvement in local communities, making them a trusted choice for Erie residents.
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Frequently Asked Questions
Common questions about mortgage lending in Erie, KS
What are the current average mortgage rates for homebuyers in Erie, Kansas?
Mortgage rates in Erie 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 recent data, 30-year fixed rates in Neosho County generally range from 6.5% to 7.25%, but it's best to check with local lenders like Community National Bank or Equity Bank for the most current Erie-specific rates.
Are there any first-time homebuyer programs specifically available in Erie, KS?
Yes, Erie homebuyers can access the "First Time Home Buyer Program" offered by the Kansas Housing Resources Corporation (KHRC), which provides down payment assistance and competitive interest rates. Additionally, some local lenders may offer special programs for Neosho County residents, particularly for those purchasing in Erie's designated target areas.
How does Erie's rural location affect the mortgage approval process?
Erie's rural classification can sometimes mean stricter appraisal requirements since comparable properties may be limited in the immediate area. Lenders may require appraisers to look at properties within a wider radius, potentially including nearby towns like Chanute or St. Paul, which could slightly extend the mortgage timeline.
What types of properties are most common in Erie's mortgage market?
Erie's mortgage market primarily consists of single-family homes, many of which are older, historic properties built before 1950. This means buyers should be prepared for potential additional inspections and consider renovation loans like the FHA 203(k) if the property needs significant updates, which is common in Erie's housing stock.
Are there any local property tax considerations that affect mortgages in Erie?
Yes, Neosho County property taxes in Erie are relatively affordable compared to urban areas in Kansas, typically ranging from 1.1% to 1.4% of assessed value. However, mortgage lenders will carefully evaluate property tax obligations since Erie homes often have lower values but may have higher tax rates than some surrounding communities, affecting your overall monthly payment calculation.
Why Choose a Mortgage Lender in Erie?
Local Market Knowledge
Lenders who understand Erie'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 Erie and get competitive rates on your home loan.