The Best Mortgage Lenders in Mound City, KS
Compare verified mortgage lenders serving Mound City, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Mound City
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender known for its exceptional customer service and competitive rates, with a strong presence in Kansas. They have consistently high ratings due to their personalized approach, quick loan processing, and extensive loan options. With over 25 years of experience, they serve Mound City and surrounding areas, offering expertise in both purchase and refinance loans. Their local branch in Overland Park ensures accessible support for rural communities like Mound City, backed by a reputation for reliability and community involvement.
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New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender with a focus on diverse loan programs and excellent customer satisfaction. They boast strong ratings for their competitive rates, efficient online tools, and commitment to serving underserved markets, including rural Kansas. Founded in 2003, they have built a reputation for transparency and support, with a regional presence that covers Mound City. Their expertise in FHA and VA loans makes them a popular choice for veterans and first-time homebuyers in the area.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender known for its fast closing times and community-focused approach, with high customer ratings for responsiveness and ease of process. Serving Mound City and broader Kansas, they offer a wide range of loan types and have a strong local presence through their Overland Park branch. Founded in 2008, they combine modern technology with personalized service, making them a reliable choice for homebuyers in rural areas. Their commitment to customer education and competitive pricing has earned them a loyal following in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Mound City, KS
What are the current average mortgage rates for homebuyers in Mound City, KS?
Mortgage rates in Mound City typically align with national averages but can vary slightly based on local lender competition. As of 2024, you can expect rates around 6.5-7% for 30-year fixed mortgages, though rates may be slightly lower for well-qualified borrowers. It's best to check with local banks like Citizens State Bank or Linn County State Bank for the most current local rate offerings.
Are there any first-time homebuyer programs specifically available in Mound City?
Yes, Mound City homebuyers can access Kansas Housing Resources Corporation programs like First Time Homebuyer Program and Homeowner Rehab Program. These programs offer competitive interest rates, down payment assistance, and may have special provisions for rural areas like Linn County. Additionally, USDA loans are particularly relevant given Mound City's rural designation.
How does Mound City's rural location affect mortgage lending options?
Mound City's rural classification makes USDA loans widely available, offering 100% financing with no down payment required. Many properties in and around Mound City qualify for these USDA Rural Development loans, which can be particularly advantageous given the area's moderate home prices typically ranging from $80,000 to $150,000.
What should I know about property taxes when getting a mortgage in Mound City?
Linn County property taxes in Mound City are relatively moderate compared to urban areas, typically ranging from 1.1% to 1.4% of assessed value. Your mortgage lender will factor these taxes into your monthly payment through an escrow account. It's important to note that property assessments in this rural area may not increase as rapidly as in metropolitan markets.
Are there local lenders in Mound City who understand the specific market conditions?
Yes, several community banks and credit unions serving Mound City have deep knowledge of the local real estate market. Institutions like Citizens State Bank and Community National Bank understand the unique aspects of Linn County properties, including valuation challenges for rural homes and land. These local lenders often provide more personalized service than national banks for Mound City home purchases.
Why Choose a Mortgage Lender in Mound City?
Local Market Knowledge
Lenders who understand Mound 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 Mound City and get competitive rates on your home loan.