The Best Mortgage Lenders in Marquette, KS
Compare verified mortgage lenders serving Marquette, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Marquette
Featured Mortgage Lenders
Bennington State Bank Mortgage Team
Bennington State Bank
Bennington State Bank is a highly-rated community bank serving Marquette and surrounding communities in central Kansas. With over 120 years of local banking experience, they offer personalized mortgage services with competitive rates and exceptional customer service. Their mortgage team specializes in rural and small-town home financing, including USDA loans perfect for the Marquette area. Customers consistently praise their local decision-making, transparent process, and commitment to the community.
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Sunflower Bank Mortgage Division
Sunflower Bank, N.A.
Sunflower Bank has a strong regional presence in central Kansas with multiple branches serving the Marquette area. Their mortgage division offers comprehensive home loan options with competitive rates and local underwriting. With deep roots in Kansas communities since 1892, they understand the unique needs of rural homebuyers. Customers appreciate their knowledgeable loan officers, streamlined application process, and commitment to finding the right mortgage solution for each borrower's situation.
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American Mortgage & Loan Services
American Mortgage & Loan Services, Inc.
American Mortgage & Loan Services is a highly-regarded mortgage broker serving central Kansas communities including Marquette. They work with multiple lenders to find competitive rates and optimal loan terms for their clients. Specializing in rural Kansas home financing, they have extensive experience with USDA and FHA loans that work well for the Marquette market. Their team receives consistent praise for responsive communication, expert guidance through the mortgage process, and finding creative solutions for challenging financing situations.
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Frequently Asked Questions
Common questions about mortgage lending in Marquette, KS
What are the current average mortgage rates for homes in Marquette, KS?
Mortgage rates in Marquette typically align with national averages but can be slightly lower due to the rural nature of the area and lower housing costs. Currently, 30-year fixed rates hover around 6.5-7% for qualified buyers, but local lenders like Central National Bank or Sunflower Bank may offer competitive regional rates. It's best to compare quotes from both local and national lenders serving the Marquette area.
Are there any first-time homebuyer programs specifically available in Marquette?
Yes, Marquette homebuyers can access Kansas Housing Resources Corporation programs like First Time Homebuyer Program and Homeowner Rehab & Purchase Program, which offer down payment assistance and affordable fixed-rate mortgages. Additionally, some local lenders may offer special programs for Marquette residents, particularly given the city's smaller population and focus on community development.
How does Marquette's rural location affect the mortgage approval process?
Marquette's rural setting can impact appraisals since comparable home sales may be limited, potentially requiring appraisers to look at properties in nearby towns like Lindsborg or McPherson. Some lenders might consider Marquette properties as "rural" for USDA loan eligibility, which offers 100% financing options. Working with local lenders familiar with the Marquette real estate market can help streamline this process.
What types of properties in Marquette qualify for USDA rural housing loans?
Most properties in Marquette qualify for USDA loans since the town falls under USDA rural designation, allowing eligible buyers to purchase with no down payment. This includes single-family homes, townhouses, and approved condos within city limits. Income limits do apply, but many Marquette households qualify given the area's moderate income levels compared to urban centers.
How do property taxes in Marquette affect monthly mortgage payments?
Marquette's property tax rates in McPherson County are relatively moderate compared to larger Kansas cities, typically ranging from 1.3% to 1.5% of assessed value. For a $150,000 home, this translates to approximately $1,950-$2,250 annually, which gets escrowed into your monthly mortgage payment. These stable tax rates help keep overall housing costs predictable for Marquette homeowners.
Why Choose a Mortgage Lender in Marquette?
Local Market Knowledge
Lenders who understand Marquette'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 Marquette and get competitive rates on your home loan.