The Best Mortgage Lenders in Garland, KS
Compare verified mortgage lenders serving Garland, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Garland
Featured Mortgage Lenders
Lyon County State Bank
Lyon County State Bank
Lyon County State Bank is a highly-rated community bank serving Garland and surrounding Lyon County areas with deep local roots and exceptional customer service. As a locally-owned institution with over 140 years of service, they offer personalized mortgage solutions with competitive rates and deep understanding of the local real estate market. Their mortgage team provides comprehensive lending options including specialized rural development loans ideal for the Garland area, with decision-making kept local for faster processing and more flexible underwriting.
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Capitol Federal Savings Bank
Capitol Federal Savings Bank
Capitol Federal is a highly-regarded regional savings bank with strong presence throughout Kansas, including service to Garland residents. With an exceptional reputation for competitive mortgage rates and straightforward lending processes, they offer a wide range of loan products with local decision-making. Their long history of stability and customer-focused approach makes them a trusted choice for home financing in eastern Kansas communities, known for transparent pricing and reliable service from application through closing.
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Guild Mortgage Company
Guild Mortgage Company - Emporia Branch
Guild Mortgage's Emporia branch serves the Garland area with comprehensive mortgage services and exceptional customer satisfaction ratings. As a nationwide lender with strong local presence, they offer specialized expertise in rural and small-town financing, including USDA loans perfect for the Garland community. Their local loan officers provide personalized service with access to a wide variety of loan programs, known for their educational approach to home financing and ability to handle complex scenarios with competitive rate options.
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Frequently Asked Questions
Common questions about mortgage lending in Garland, KS
What are the current average mortgage rates for homebuyers in Garland, KS?
Mortgage rates in Garland typically align with national averages but can vary based on local lender competition and property types. As of recent data, 30-year fixed rates in this area generally range from 6.5% to 7.25%, though rural properties might see slightly higher rates. It's best to check with local Kansas lenders like Community National Bank or Sunflower Bank for Garland-specific rate quotes.
Are there any first-time homebuyer programs specifically available in Garland, KS?
Yes, Garland homebuyers can access Kansas Housing Resources Corporation programs including the First Time Homebuyer Program and the Homeownership Set-Aside Program. These offer competitive interest rates, down payment assistance, and closing cost help specifically for Kansas residents. Additionally, some local lenders may offer special programs for Garland's rural community.
How does Garland's rural location affect the mortgage approval process?
Garland's rural classification can impact lending as some properties may require USDA Rural Development loans, which are particularly beneficial here. These loans offer 100% financing with no down payment requirement. However, appraisals might take longer due to fewer comparable properties, and some lenders may have stricter requirements for rural homes.
What types of properties are most common for mortgage lending in Garland, KS?
Garland primarily features single-family homes on larger lots, older farmhouses, and some agricultural properties. Mortgage lending for these properties typically involves conventional loans or USDA loans given the rural setting. Unique to this area, lenders may require additional inspections for older homes and properties with wells or septic systems.
Are property taxes in Garland, KS typically included in mortgage escrow accounts?
Yes, most Garland mortgages include Bourbon County property taxes in escrow accounts, with current rates approximately 1.25% of assessed value. Lenders typically require escrow accounts for rural properties to ensure tax payments are made timely. Homebuyers should budget for this additional monthly cost when calculating their total mortgage payment.
Why Choose a Mortgage Lender in Garland?
Local Market Knowledge
Lenders who understand Garland'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 Garland and get competitive rates on your home loan.