The Best Mortgage Lenders in Falun, KS
Compare verified mortgage lenders serving Falun, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Falun
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong local presence in Salina, serving the Falun area with exceptional customer service and competitive rates. Known for their personalized approach and efficient loan processing, they have consistently high customer satisfaction ratings and a reputation for closing loans quickly. Their extensive experience and wide range of loan options make them a reliable choice for homebuyers in rural Kansas communities.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly reputable national lender with a strong track record of serving Kansas homebuyers, including those in Falun. They are praised for their competitive rates, diverse loan products, and commitment to customer education. With a focus on underserved communities and excellent online tools, they provide accessible mortgage solutions backed by numerous positive reviews for their responsive service and reliability.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a well-regarded lender known for its fast closings and community-focused approach, with services extending to Falun and surrounding Kansas areas. They offer a streamlined digital experience combined with local loan officer support, ensuring personalized service. High customer ratings highlight their efficiency, transparency, and dedication to making home financing accessible, making them a trusted option for buyers in rural markets.
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Frequently Asked Questions
Common questions about mortgage lending in Falun, KS
What are the current average mortgage rates for homebuyers in Falun, KS?
Mortgage rates in Falun typically align with national averages but can vary based on local lender competition. Currently, 30-year fixed rates range between 6.5-7%, while 15-year fixed rates are around 5.75-6.25%. It's best to compare offers from local Salina or Lindsborg lenders who understand the Falun market specifically.
Are there any first-time homebuyer programs specifically available in Falun?
While Falun itself doesn't offer local programs, Kansas Housing Resources Corporation provides statewide first-time homebuyer programs accessible to Falun residents. These include down payment assistance, competitive interest rates, and homebuyer education. Many local lenders in nearby Salina are well-versed in helping Falun applicants access these resources.
How does Falun's rural location affect the mortgage approval process?
Falun's rural setting can impact appraisals due to fewer comparable home sales, which may require appraisers to look at properties in broader Saline County. Some lenders might have specific requirements for rural properties, so working with local lenders experienced with Falun's market is advantageous for smoother approvals.
What types of properties are most common for mortgage financing in Falun?
Most Falun mortgages finance single-family homes, often including older properties and some acreages given the area's rural character. USDA loans are particularly relevant here since Falun qualifies for rural development loans, offering 100% financing options for eligible borrowers purchasing in this designated rural area.
Are property taxes in Falun typically included in mortgage escrow accounts?
Yes, most Falun mortgages include Saline County property taxes in escrow accounts, with annual taxes typically ranging from $1,200-$2,000 for median-priced homes. Lenders generally require escrow accounts for taxes and insurance to ensure these essential payments are made on time, protecting their investment in the property.
Why Choose a Mortgage Lender in Falun?
Local Market Knowledge
Lenders who understand Falun'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 Falun and get competitive rates on your home loan.