The Best Mortgage Lenders in Long Island, KS
Compare verified mortgage lenders serving Long Island, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Long Island
Featured Mortgage Lenders
Envision Bank
Envision Bank
Envision Bank stands as one of the most highly-rated community banks serving northwest Kansas, including the Long Island area. With deep roots in Phillips County and surrounding communities, they offer personalized mortgage services with local decision-making. Their mortgage team provides competitive rates on various loan programs including USDA loans which are particularly beneficial for rural areas like Long Island. Customers consistently praise their responsive service, transparent process, and commitment to the local community.
Loan Types:
Capitol Federal®
Capitol Federal Savings Bank
Capitol Federal has been serving Kansas communities for over a century and maintains a strong presence across the state, including rural areas like Long Island. They offer a comprehensive range of mortgage products with competitive rates and are particularly known for their USDA rural development loans that benefit homebuyers in smaller communities. Their experienced loan officers provide personalized service and local underwriting, with customers frequently noting their reliability, straightforward process, and excellent customer support throughout the homebuying journey.
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American Mortgage & Financial Services
American Mortgage & Financial Services
American Mortgage & Financial Services is a highly-regarded regional mortgage lender that serves communities throughout Kansas, including rural areas like Long Island. They specialize in providing customized mortgage solutions with a focus on personal service and competitive pricing. Their expertise in USDA loans makes them particularly valuable for homebuyers in rural Phillips County. The company receives consistent praise for their knowledgeable staff, efficient processing, and ability to navigate complex rural property financing scenarios while maintaining excellent communication with clients.
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Frequently Asked Questions
Common questions about mortgage lending in Long Island, KS
What are typical mortgage rates for homebuyers in Long Island, KS?
Mortgage rates in Long Island, KS are generally competitive with national averages, but can be slightly influenced by local market factors and property types common in Phillips County. Currently, rates for 30-year fixed mortgages typically range from the mid-6% to low-7% range, though this varies by lender and borrower qualifications. Working with a local lender familiar with the area can help secure the most favorable terms.
Are there any first-time homebuyer programs specifically available in Long Island, KS?
Yes, Long Island homebuyers can access Kansas Housing Resources Corporation programs like the First Time Homebuyer Program and the Homeowner Rehab & Purchase Program. These programs offer competitive interest rates, down payment assistance, and may have specific benefits for rural areas like Long Island. Additionally, Phillips County may have local assistance programs worth exploring with a mortgage professional familiar with the region.
How does Long Island's rural location affect the mortgage process?
Long Island's rural setting can impact appraisals since comparable properties may be limited, potentially requiring appraisers to look at broader geographic areas. Some lenders may have specific requirements for rural properties, including well and septic inspections. However, USDA loans are particularly advantageous here since most of Phillips County qualifies for these zero-down-payment rural development loans.
What special considerations should I know about when getting a mortgage for a farm or agricultural property in Long Island?
Financing agricultural properties in Long Island requires specialized farm loans rather than conventional residential mortgages. These are typically offered through agricultural lenders, Farm Credit Services, or some local banks that understand farm operations and income. The underwriting process will evaluate both the residential and agricultural components separately, with different requirements for each.
How do property taxes in Phillips County affect mortgage affordability in Long Island?
Phillips County has relatively moderate property tax rates compared to urban areas in Kansas, which can improve overall housing affordability. Current mill levies in the Long Island area typically result in annual property taxes between 1.1% to 1.4% of assessed value. Your lender will factor these taxes into your debt-to-income ratio calculations, and many local lenders are familiar with the specific tax assessment practices in the county.
Nearby Cities
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Why Choose a Mortgage Lender in Long Island?
Local Market Knowledge
Lenders who understand Long Island'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 Long Island and get competitive rates on your home loan.