The Best Mortgage Lenders in Hays, KS
Compare verified mortgage lenders serving Hays, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hays
Featured Mortgage Lenders
MidAmerican Credit Union Mortgage Team
MidAmerican Credit Union
As one of the most established financial institutions in western Kansas, MidAmerican Credit Union has been serving Hays residents for over seven decades. They consistently receive exceptional ratings for their personalized mortgage services, competitive rates, and deep community involvement. Their local loan officers provide face-to-face service with extensive knowledge of the Hays real estate market, offering a full range of mortgage products with the benefit of local decision-making and processing.
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Sunflower Bank Mortgage Division
Sunflower Bank, N.A.
Sunflower Bank has maintained a strong physical presence in Hays for decades, providing comprehensive mortgage services with the stability of a century-old institution. They excel in offering competitive rates and flexible terms, particularly for first-time homebuyers and agricultural community members. Their local mortgage specialists are praised for responsive communication and streamlined application processes, combining the resources of a regional bank with personalized local service.
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American Mortgage & Equity Consultants
American Mortgage & Equity Consultants, Inc.
This locally-owned mortgage brokerage has built an outstanding reputation in Hays by providing exceptional customer service and access to multiple lending sources. They consistently earn near-perfect ratings for their expertise in navigating complex loan scenarios and securing competitive rates from various wholesale lenders. Their deep knowledge of the western Kansas housing market and commitment to transparent communication make them a top choice for both purchase and refinance transactions in the Hays area.
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Frequently Asked Questions
Common questions about mortgage lending in Hays, KS
What are the current average mortgage rates in Hays, KS, and how do they compare to state and national averages?
Mortgage rates in Hays typically align closely with national averages but can be slightly lower due to the area's stable, lower-cost housing market. As of recent data, 30-year fixed rates in Hays often range between 6.5% and 7%, but it's essential to get personalized quotes from local lenders like First Interstate Bank or Sunflower Bank, as individual credit and loan factors cause significant variation.
Are there any first-time homebuyer programs specific to Hays or Ellis County that can help with down payments?
Yes, the Kansas Housing Resources Corporation (KHRC) offers statewide programs like First Time Homebuyer Program and Homeowner Rehab & Repair, which are accessible to Hays residents. These can provide competitive interest rates and down payment assistance. Additionally, local lenders may have special programs for teachers, healthcare workers, or employees of Fort Hays State University.
How does Hays' stable but slower-growing real estate market affect mortgage lending and appraisals?
Hays' steady market means appraisals usually align well with sale prices, reducing the risk of appraisal gaps that can delay financing. Lenders are generally confident in the area's property values due to consistent demand from the university and medical community. However, buyers should still ensure their lender uses appraisers familiar with Ellis County's specific neighborhood values.
What local factors should I consider when choosing between a fixed-rate and adjustable-rate mortgage in Hays?
Given Hays' economic stability driven by education, healthcare, and agriculture, fixed-rate mortgages are often preferred for long-term predictability. However, if you plan to sell within 5-7 years (common for some FHSU staff or residents), an ARM could offer lower initial rates. Discuss your timeline with a local loan officer to weigh Hays' low volatility against potential rate changes.
Are there any special mortgage considerations for buying a home in Hays' historic districts or older neighborhoods?
Yes, homes in Hays' older areas may qualify for renovation loans like the FHA 203(k) if updates are needed, which can be bundled into your mortgage. It's also important to budget for potential higher insurance costs and required inspections for historic properties. Local lenders experienced with Hays' historic housing stock can guide you through these specific loan nuances.
Why Choose a Mortgage Lender in Hays?
Local Market Knowledge
Lenders who understand Hays'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 Hays and get competitive rates on your home loan.