The Best Mortgage Lenders in Franklin, KS
Compare verified mortgage lenders serving Franklin, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Franklin
Featured Mortgage Lenders
Landmark National Bank
Landmark National Bank
Landmark National Bank is a highly-rated community bank with deep roots in eastern Kansas, serving Franklin and surrounding communities. With over three decades of experience, they offer personalized mortgage services through their local branches. Customers consistently praise their responsive service, competitive rates, and knowledgeable loan officers who provide individualized attention throughout the home buying process. Their strong community presence and commitment to local homeowners make them a top choice for Franklin area residents.
Loan Types:
Arvest Bank
Arvest Bank
Arvest Bank maintains a strong regional presence throughout Kansas and serves the Franklin area with comprehensive mortgage solutions. As an established financial institution with six decades of experience, they offer competitive rates and a wide range of loan products. Their mortgage team receives high marks for professionalism, transparent communication, and guiding borrowers through complex loan processes. The bank's commitment to customer satisfaction and local community support makes them a reliable choice for Franklin homebuyers.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage has built an excellent reputation in the Kansas City metropolitan area, serving Franklin and surrounding communities with exceptional mortgage services. Their local loan officers are praised for their expertise in navigating various loan scenarios and providing personalized solutions. The company consistently receives top ratings for their responsive communication, competitive rates, and efficient closing processes. With nearly two decades of experience and a strong focus on customer education, they help Franklin area borrowers make informed mortgage decisions.
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Frequently Asked Questions
Common questions about mortgage lending in Franklin, KS
What are the current average mortgage rates for homebuyers in Franklin, KS?
Mortgage rates in Franklin typically align with national averages but can be slightly lower due to the area's rural designation and lower cost of living. As of recent data, 30-year fixed rates often range from 6.5% to 7%, but working with a local lender who understands Franklin's market can help you secure competitive terms. It's wise to compare offers from both local banks and credit unions in the area.
Are there any first-time homebuyer programs specifically available in Franklin?
Yes, Franklin homebuyers can access the "First Time Home Buyer Grant" program offered by the Kansas Housing Resources Corporation (KHRC), which provides down payment assistance across Kansas. Additionally, local lenders like Landmark National Bank often have special first-time buyer programs with lower down payment requirements. These programs are particularly valuable in Franklin's affordable housing market.
How does Franklin's rural location affect mortgage lending options?
Franklin's rural designation makes buyers eligible for USDA Rural Development loans, which offer 100% financing with no down payment required. This is a significant advantage since many properties in and around Franklin qualify. Local lenders are well-versed in these programs and can guide you through the specific property eligibility requirements for the area.
What special considerations should I know about when getting a mortgage for a historic home in Franklin?
Franklin has several historic properties that may require special financing considerations. While conventional loans work for most homes, historic properties might need additional inspections or repairs that could affect loan approval. Local lenders familiar with Franklin's historic districts can recommend appropriate renovation loans and help navigate any preservation requirements.
How do property taxes in Franklin impact mortgage payments and affordability?
Franklin County has relatively moderate property tax rates compared to urban areas in Kansas, currently around 1.3% of assessed value. This means your escrow payments will be lower, improving overall affordability. When getting pre-approved, local lenders will factor in these tax rates to give you an accurate picture of your total monthly payment.
Why Choose a Mortgage Lender in Franklin?
Local Market Knowledge
Lenders who understand Franklin'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 Franklin and get competitive rates on your home loan.