The Best Mortgage Lenders in Kansas City, KS
Compare verified mortgage lenders serving Kansas City, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Kansas City
Featured Mortgage Lenders
Michael D. Brown
CrossCountry Mortgage, LLC
Michael Brown at CrossCountry Mortgage is one of Kansas City's highest-rated mortgage professionals with nearly two decades of experience. Specializing in both purchase and refinance loans, he's known for exceptional customer service and competitive rates. The company provides a full range of mortgage products with particular expertise in first-time homebuyer programs and veteran loans. Their local team understands the Kansas City market dynamics and offers personalized guidance throughout the entire loan process.
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CommunityAmerica Credit Union
CommunityAmerica Credit Union
As one of Kansas City's most trusted financial institutions, CommunityAmerica Credit Union has been serving the metro area for over six decades. They offer highly competitive mortgage rates to members and are particularly strong in first-time homebuyer programs and construction loans. Their mortgage team provides personalized service with local decision-making, and they consistently receive high marks for their educational approach to the home financing process and exceptional member service.
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Jason Hogue
Fairway Independent Mortgage Corporation
Jason Hogue with Fairway Independent Mortgage is consistently ranked among Kansas City's top mortgage originators. With nearly two decades of experience, he specializes in making the mortgage process straightforward and stress-free. Fairway offers competitive rates across all loan types and is particularly noted for their efficient processing and closing timelines. The company has strong local presence with multiple offices throughout the Kansas City metro area and maintains an excellent reputation for customer satisfaction.
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Frequently Asked Questions
Common questions about mortgage lending in Kansas City, KS
What are the current mortgage rates in Kansas City, Kansas, and how do they compare to the national average?
Mortgage rates in Kansas City typically run very close to the national average, often just a few basis points lower. As of late 2023, rates for a 30-year fixed mortgage in the area were generally in the mid-6% to low-7% range. It's always wise to compare rates from several local lenders, as credit unions in the KC metro area can sometimes offer very competitive terms.
Are there any first-time homebuyer programs specific to Kansas City, Kansas that I should know about?
Yes, the Kansas Housing Resources Corporation (KHRC) offers the "First Time Homebuyer Program" and the "Kansas Home Program," both available in Kansas City. These programs provide competitive interest rates, down payment assistance, and may allow for lower credit scores than conventional loans. Additionally, some lenders offer city-specific grants for closing costs.
How does the property tax structure in Kansas City, Kansas, affect my monthly mortgage payment?
Wyandotte County, which includes Kansas City, KS, has a consolidated city-county government, and property tax rates are relatively high compared to the national average. This means your escrow payment included in your monthly mortgage will be significant. It's crucial to factor this into your budget, as it can add several hundred dollars to your payment compared to areas with lower mill levies.
What is the typical down payment required for a home in Kansas City, Kansas?
While 20% is ideal to avoid private mortgage insurance (PMI), many buyers in Kansas City, KS, secure conventional loans with down payments as low as 3-5%. For FHA loans, the minimum is 3.5%. With the use of state and local down payment assistance programs, it's possible for eligible buyers to purchase a home with very little money down.
Are there any special mortgage considerations for buying a home in a Kansas City, Kansas historic district?
Yes, if you're purchasing a home in a designated historic district like the Strawberry Hill neighborhood, you may be eligible for specific rehabilitation loans like the FHA 203(k) loan. However, you should also be aware that there may be stricter local guidelines for exterior modifications, which could affect your financing if major repairs are needed, so it's important to work with a lender familiar with these areas.
Why Choose a Mortgage Lender in Kansas City?
Local Market Knowledge
Lenders who understand Kansas City'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 Kansas City and get competitive rates on your home loan.