The Best Mortgage Lenders in Kensington, KS
Compare verified mortgage lenders serving Kensington, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Kensington
Featured Mortgage Lenders
First National Bank of Smith Center
First National Bank of Smith Center
As one of the most established financial institutions in northwest Kansas, First National Bank of Smith Center has been serving the Kensington area for over a century. They offer personalized mortgage services with local decision-making, competitive rates, and deep community roots. Their experienced loan officers provide comprehensive guidance through the entire mortgage process, making them a top choice for rural Kansas home financing with exceptional customer satisfaction ratings.
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New American Funding
New American Funding
While based nationally, New American Funding has strong presence in Kansas with dedicated local loan officers serving the Kensington area. They're particularly noted for their competitive rates, diverse loan portfolio including specialized programs for first-time buyers, and bilingual services. Their digital mortgage platform combined with personalized service makes them accessible to rural Kansas residents, with many customers praising their responsiveness and efficient processing.
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Golden Belt Bank
Golden Belt Bank
Golden Belt Bank has been serving central and northwest Kansas communities for over a century, with expertise in both residential and agricultural property financing. They understand the unique needs of rural Kansas homebuyers and offer competitive local lending with personal service. Their mortgage specialists work closely with clients throughout the entire process, and their community-focused approach has earned them excellent customer satisfaction ratings across their service area including Kensington.
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Frequently Asked Questions
Common questions about mortgage lending in Kensington, KS
What are the current average mortgage rates for homebuyers in Kensington, KS?
Mortgage rates in Kensington typically align with national averages but can be slightly lower due to the rural nature of Smith County. As of late 2023, 30-year fixed rates in the area generally range from 6.5% to 7.25%, though local lenders like First National Bank of Smith County often offer competitive rates. It's best to check with local institutions for the most current pricing.
Are there any first-time homebuyer programs specifically available in Kensington?
Yes, Kensington homebuyers can access the Kansas Housing Resources Corporation's First Time Homebuyer Program, which offers competitive interest rates and down payment assistance. Additionally, some local lenders may offer special programs for Kensington residents, particularly those purchasing within the city limits. These programs can be particularly valuable given Kensington's affordable housing market.
How does Kensington's rural location affect the mortgage approval process?
Kensington's rural classification can sometimes mean more stringent appraisal requirements, as comparable properties may be limited in the immediate area. Lenders may require appraisers with specific knowledge of Smith County's rural market. However, USDA loans are particularly well-suited for Kensington properties and offer 100% financing options for qualified buyers in this designated rural area.
What types of properties in Kensington might qualify for USDA rural housing loans?
Most properties within Kensington's city limits and surrounding Smith County areas qualify for USDA loans, which are ideal for this community. These government-backed loans work well for single-family homes, including many of Kensington's historic properties and newer constructions, provided they meet basic safety standards and are in designated rural areas.
How do property taxes in Kensington compare to other Kansas communities, and how do they affect mortgage payments?
Smith County property taxes are generally lower than state averages, with Kensington's mill levy typically around 150-160 mills. This translates to annual property taxes of approximately $1,200-$1,800 for a $100,000 home. When calculating your mortgage payment, these lower taxes mean your escrow payments will be more affordable compared to many other Kansas communities.
Why Choose a Mortgage Lender in Kensington?
Local Market Knowledge
Lenders who understand Kensington'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 Kensington and get competitive rates on your home loan.