The Best Mortgage Lenders in Howard, KS
Compare verified mortgage lenders serving Howard, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Howard
Featured Mortgage Lenders
Howard State Bank Mortgage Department
Howard State Bank & Trust Co.
Howard State Bank is the premier local banking institution serving Howard and surrounding communities for over 120 years. Their mortgage department offers personalized service with deep understanding of local real estate markets and community needs. As a community bank, they provide competitive rates with flexible underwriting and local decision-making. Their experienced loan officers have built strong relationships throughout Elk County and offer specialized knowledge of rural property financing, making them the top choice for Howard area residents seeking mortgage solutions.
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Emprise Bank Mortgage Services
Emprise Bank
Emprise Bank is a well-established regional bank serving communities across Kansas, including Howard and southeast Kansas. With over a century of banking experience, their mortgage team provides comprehensive lending solutions with competitive rates and exceptional customer service. They offer digital mortgage applications combined with personalized guidance from local experts. Emprise has built a strong reputation for smooth closings and reliable service throughout their Kansas footprint, making them a trusted choice for Howard area homebuyers seeking regional banking expertise.
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Mid America Mortgage Services
Mid America Mortgage, Inc.
Mid America Mortgage is one of Kansas's most experienced mortgage lenders with over 80 years serving homebuyers across the state, including rural communities like Howard. They specialize in finding the right mortgage solutions for Kansas residents with a focus on competitive pricing and exceptional service. Their team includes experts in rural and agricultural property financing, which is particularly valuable for Howard area properties. With strong statewide presence and extensive experience with various loan programs, they provide reliable mortgage services with the backing of one of Kansas's most established lending institutions.
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Frequently Asked Questions
Common questions about mortgage lending in Howard, KS
What are the current mortgage rates like in Howard, KS, and how do they compare to state averages?
Mortgage rates in Howard, KS, are typically very competitive and often slightly below the national average due to the rural nature and lower cost of living. As a smaller community, local lenders may offer personalized rates, but it's wise to compare with regional banks in nearby cities like Wichita or Emporia. Currently, Howard's rates align closely with Kansas state averages, often ranging in the mid-6% to low-7% for a 30-year fixed mortgage.
Are there any first-time homebuyer programs specifically available for Howard residents?
Yes, Howard homebuyers can access the "First Time Home Buyer Program" offered by the Kansas Housing Resources Corporation (KHRC), which provides down payment assistance and competitive interest rates. Additionally, some local lenders may offer special programs for Howard residents, such as low down payment options or grants. It's beneficial to consult with a local mortgage advisor who is familiar with both state and any county-specific initiatives in Elk County.
How does Howard's rural location affect the mortgage approval process?
Howard's rural setting can influence appraisals, as comparable home sales may be fewer, potentially requiring appraisers to look at broader areas in Elk County or neighboring communities. Lenders might also consider property types common in Howard, such as homes on larger lots or with acreage, which can affect loan terms. Working with a lender experienced in rural Kansas properties can streamline this process and help address any unique valuation challenges.
What types of properties in Howard might qualify for USDA rural housing loans?
Most properties in Howard and Elk County are eligible for USDA loans, which offer 100% financing with no down payment, thanks to the area's designated rural status. This includes single-family homes, certain condos, and even some modest fixer-uppers, provided they meet USDA property standards. Buyers should confirm eligibility with a USDA-approved lender, as income limits and property location are key factors for this popular program in Howard.
Are property taxes in Howard, KS, a significant factor in my monthly mortgage payment?
Property taxes in Howard are generally lower than in many urban areas of Kansas, which can make monthly mortgage payments more affordable. Elk County's mill levy and Howard's city rates contribute to a combined property tax that is often below the state average. When getting pre-approved, your lender will calculate an escrow estimate based on the specific property's assessed value to ensure your monthly payment accurately includes taxes and insurance.
Why Choose a Mortgage Lender in Howard?
Local Market Knowledge
Lenders who understand Howard'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 Howard and get competitive rates on your home loan.