The Best Mortgage Lenders in Moline, KS
Compare verified mortgage lenders serving Moline, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Moline
Featured Mortgage Lenders
Mortgage Department
Meritrust Credit Union
Meritrust Credit Union is one of Kansas' highest-rated mortgage lenders with extensive experience serving rural communities across the state. While headquartered in Wichita, they actively serve borrowers throughout Kansas including Moline area residents. They offer competitive rates and specialize in rural housing loans including USDA programs that are particularly beneficial for Moline homebuyers. Their mortgage team receives consistently excellent reviews for personalized service, transparent communication, and helping borrowers navigate the entire home financing process.
Loan Types:
Mortgage Services
Arvest Bank
Arvest Bank has a strong regional presence throughout Kansas and specifically serves southeast Kansas communities including Moline. Their Independence branch location provides convenient access for Moline residents seeking mortgage services. Arvest receives outstanding reviews for their local decision-making capabilities and expertise with rural property financing. They offer specialized programs for first-time homebuyers and have extensive experience with agricultural and rural property loans common in the Moline area.
Loan Types:
Mortgage Division
Guild Mortgage
Guild Mortgage is a nationwide lender with strong Kansas operations and extensive experience serving rural communities. Their Kansas team specializes in helping borrowers in smaller towns like Moline navigate the mortgage process with exceptional customer service ratings. They offer unique programs including down payment assistance and have particular expertise with USDA rural development loans that are ideal for Moline area properties. Customers consistently praise their responsive communication and ability to close loans efficiently.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Moline, KS
What are the typical mortgage rates available for homebuyers in Moline, KS?
Mortgage rates in Moline are generally competitive with national averages, but local lenders may offer slightly different terms based on property types common in the area. For conventional 30-year fixed loans, rates typically range between 6.5% and 7.5% as of current market conditions. It's wise to compare offers from both local Kansas banks and national lenders to secure the best rate for your specific situation.
Are there any first-time homebuyer programs specifically available in Moline?
Yes, Moline homebuyers can access Kansas Housing Resources Corporation programs like the First Time Homebuyer Program, which offers competitive interest rates and down payment assistance. Additionally, some local lenders in the Moline area may offer special programs for first-time buyers with lower credit score requirements. These programs can be particularly helpful given Moline's affordable housing market compared to larger Kansas cities.
How does Moline's rural location affect the mortgage process?
Moline's rural setting can impact appraisals since comparable properties may be limited, potentially requiring appraisers to look at nearby communities like Fredonia or Howard. Some lenders might have specific requirements for rural properties, particularly if the home is on well and septic systems. However, USDA loans are an excellent option here since most of Moline qualifies for these zero-down-payment rural development loans.
What types of properties are most common in Moline's mortgage market?
Moline's mortgage market primarily consists of single-family homes, many of which are older properties with historic character, along with some manufactured homes on owned land. Lenders in the area are experienced with financing these property types, though older homes may require additional inspections. The average home price in Moline is significantly below state averages, making homeownership more accessible.
Are there local property tax considerations I should know about when getting a mortgage in Moline?
Yes, Moline is located in Elk County, which has relatively low property tax rates compared to urban areas in Kansas. Current mill levies average around 150-160 mills, resulting in affordable annual property tax bills. Your mortgage lender will factor these taxes into your escrow calculations, and it's important to note that property taxes are reassessed when ownership changes, which may affect your monthly payment.
Why Choose a Mortgage Lender in Moline?
Local Market Knowledge
Lenders who understand Moline'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 Moline and get competitive rates on your home loan.