The Best Mortgage Lenders in Fredonia, KS
Compare verified mortgage lenders serving Fredonia, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fredonia
Featured Mortgage Lenders
Arvest Bank Mortgage
Arvest Bank
Arvest Bank stands out as one of the most established and highly-rated mortgage lenders serving the Fredonia area with their nearby Independence branch. With over 60 years in business and a 4.7-star rating from 215 reviews, they offer comprehensive mortgage services including specialized rural lending programs. Their strong community banking approach combined with competitive rates and personalized service makes them a top choice for Southeast Kansas homebuyers. They have extensive experience with USDA loans which are particularly relevant for rural areas like Fredonia.
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Credit Union of America
Credit Union of America
Credit Union of America brings over 85 years of financial expertise with an exceptional 4.8-star rating from 189 reviews. As a member-owned cooperative, they consistently offer competitive mortgage rates and exceptional customer service throughout Kansas, including the Fredonia area. Their mortgage specialists are known for providing personalized guidance through the entire home buying process, with particular strength in first-time homebuyer programs and rural property financing. Their non-profit structure often results in lower fees and better terms for borrowers.
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Supreme Lending
Supreme Lending
Supreme Lending has built an outstanding reputation across Kansas with a 4.6-star rating from nearly 500 reviews. With over 25 years in the mortgage industry, they specialize in serving diverse communities including rural areas like Fredonia. Their Wichita-based team provides extensive experience with USDA rural development loans and offers streamlined digital mortgage processes alongside personalized service. They're particularly noted for their efficient closing timelines and competitive rate options, making them a popular choice for Southeast Kansas homebuyers seeking both technology-driven convenience and expert guidance.
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Frequently Asked Questions
Common questions about mortgage lending in Fredonia, KS
What are the current average mortgage rates in Fredonia, KS, and how do they compare to state averages?
Mortgage rates in Fredonia typically align closely with Kansas state averages, often ranging from 6.5% to 7.5% for 30-year fixed loans depending on creditworthiness. Local lenders like Community National Bank and Landmark National Bank offer competitive rates that may be slightly better than national averages due to lower operating costs in rural markets. It's always wise to compare rates from multiple local lenders as even small differences can save thousands over the loan term.
Are there any special mortgage programs for first-time homebuyers in Fredonia?
Yes, Fredonia 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 Fredonia properties since Wilson County qualifies for this zero-down-payment program. Local lenders are well-versed in these programs and can help determine which best suits your situation.
How does Fredonia's rural location affect the mortgage approval process?
Fredonia's rural character can impact appraisals since comparable home sales may be limited, potentially requiring appraisers to look at broader geographic areas. USDA loans are especially popular here due to the area's eligibility, offering 100% financing with more flexible credit requirements. Local lenders familiar with Wilson County's property values can navigate these challenges more effectively than national banks.
What are the typical property taxes in Fredonia, and how do they affect mortgage payments?
Wilson County property taxes in Fredonia average approximately 1.2% to 1.5% of assessed value, which is moderate for Kansas. For a $150,000 home, this translates to $1,800-$2,250 annually, adding $150-$190 to your monthly mortgage payment when escrowed. These taxes fund local services including Fredonia's school district and city infrastructure, and your lender will include them in your total monthly payment calculation.
Are there local down payment assistance programs specifically for Fredonia homebuyers?
While no Fredonia-specific programs exist, Wilson County homebuyers can utilize statewide programs like the Kansas Housing's Down Payment Assistance, which provides up to $15,000 in matching funds. Some local employers, including Wilson Medical Center and the school district, may offer housing incentives for employees. Working with a mortgage broker familiar with both state and potential local employer programs is your best approach.
Why Choose a Mortgage Lender in Fredonia?
Local Market Knowledge
Lenders who understand Fredonia'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 Fredonia and get competitive rates on your home loan.