The Best Mortgage Lenders in Hoxie, KS
Compare verified mortgage lenders serving Hoxie, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hoxie
Featured Mortgage Lenders
American State Bank & Trust Company
American State Bank & Trust Company
American State Bank & Trust Company is a highly-rated regional bank with strong presence in northwest Kansas, serving Hoxie and surrounding communities. With over two decades of experience, they offer personalized mortgage services with local decision-making. Their mortgage team provides competitive rates on various loan types including USDA loans which are particularly relevant for rural areas like Hoxie. Customers praise their responsive service, transparent process, and commitment to the local community.
Loan Types:
First National Bank 1870
First National Bank 1870
First National Bank 1870 has built an excellent reputation for mortgage lending throughout northwest Kansas, including Hoxie. As a community-focused bank, they offer competitive rates and flexible terms with local underwriting. Their mortgage specialists are known for guiding borrowers through the entire process with exceptional customer service. They specialize in agricultural and rural property loans, making them an ideal choice for Hoxie residents. The bank maintains strong relationships with local real estate professionals.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation operates a highly-rated branch in Goodland that serves Hoxie and the entire northwest Kansas region. As one of the nation's top mortgage lenders with strong local presence, they combine national resources with personalized service. Their loan officers have extensive experience with rural property financing and USDA loans. Customers consistently praise their efficiency, communication, and ability to secure competitive rates. The company has received multiple industry awards for customer satisfaction and loan performance.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Hoxie, KS
What are the current average mortgage rates available for homebuyers in Hoxie, KS?
Mortgage rates in Hoxie typically align with national averages but can vary slightly based on local lenders. As of recent data, 30-year fixed rates hover around 6.5-7%, while 15-year fixed rates are approximately 5.75-6.25%. It's best to check with local banks like First National Bank of Hoxie or regional credit unions for the most current rates and potential local discounts.
Are there any first-time homebuyer programs specifically available in Hoxie?
Yes, Hoxie residents can access Kansas Housing Resources Corporation programs like First Time Homebuyer Program and Homeowner Rehab Program. These programs offer competitive interest rates, down payment assistance, and closing cost help. Additionally, local lenders may offer special programs for teachers, healthcare workers, or agricultural workers common in the Hoxie area.
How does Hoxie's rural location affect the mortgage process and requirements?
Hoxie's rural designation can work to your advantage through USDA Rural Development loans, which offer 100% financing with no down payment required. However, appraisals might take longer due to fewer comparable properties, and some lenders may have stricter requirements for older farmhouses or properties outside city limits. Working with lenders experienced in rural Kansas properties is recommended.
What unique property types might affect mortgage lending in Hoxie?
Hoxie has many older homes (pre-1950s) and properties with acreage that can complicate financing. FHA and VA loans may require additional inspections for older homes, while conventional loans for properties with significant land often require larger down payments. Agricultural-related outbuildings might also affect appraisal values and loan eligibility.
How do Hoxie's property taxes impact mortgage affordability?
Sheridan County property taxes are relatively moderate compared to urban Kansas areas, currently averaging about 1.2-1.5% of assessed value. This translates to lower monthly escrow payments, improving overall mortgage affordability. However, properties with agricultural exemptions or recent improvements may see tax adjustments, so it's important to verify tax history during the mortgage process.
Why Choose a Mortgage Lender in Hoxie?
Local Market Knowledge
Lenders who understand Hoxie'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 Hoxie and get competitive rates on your home loan.