The Best Mortgage Lenders in Newton, KS
Compare verified mortgage lenders serving Newton, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Newton
Featured Mortgage Lenders
Emprise Bank Mortgage Department
Emprise Bank
Emprise Bank is a highly respected community bank with deep roots in Newton and throughout Kansas. As a local institution with over a century of service, they offer personalized mortgage solutions with the advantage of local decision-making. Their mortgage team receives exceptional ratings for customer service, competitive rates, and guiding borrowers through the entire process. They specialize in first-time homebuyer programs and have strong relationships with local real estate professionals, making them a top choice for Newton residents seeking a trusted local lender.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established itself as one of the highest-rated mortgage lenders serving the Newton area from their Wichita location. With nearly two decades of experience, they combine national lending power with local expertise. They receive outstanding customer reviews for their responsive communication, competitive rates, and efficient closing processes. Their wide range of loan programs and digital mortgage platform makes them particularly attractive to both first-time and experienced homebuyers in the Newton market.
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Guild Mortgage Company
Guild Mortgage Company
Guild Mortgage brings over six decades of mortgage lending experience to the Newton area through their Wichita branch. As a top-rated national lender with strong local presence, they specialize in various loan programs including specialized options for healthcare professionals and low down payment programs. Their customer reviews consistently praise their knowledgeable loan officers, smooth closing processes, and excellent communication throughout the mortgage journey. Guild's long-standing reputation and comprehensive service make them a reliable choice for Newton homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Newton, KS
What are the current average mortgage rates for homebuyers in Newton, KS?
Mortgage rates in Newton typically align with national averages but can be slightly lower due to the area's stable housing market and lower cost of living. As of recent data, 30-year fixed rates in the Newton area often range between 6.0% and 6.5%, though this varies by lender and borrower qualifications. It's best to check with local Newton banks and credit unions for the most competitive rates.
Are there any first-time homebuyer programs specifically available in Newton?
Yes, Newton homebuyers can access the "Housing Opportunities, Inc." program which offers down payment assistance and favorable loan terms for first-time buyers in Harvey County. Additionally, the Kansas Housing Resources Corporation provides statewide programs like First Time Homebuyer Program with competitive interest rates and down payment assistance that Newton residents qualify for.
How does Newton's property tax rate affect my mortgage payments?
Newton's property tax rate is approximately 1.5% of assessed value, which is relatively moderate for Kansas. This means for a $200,000 home, you'd pay around $3,000 annually in property taxes, adding approximately $250 to your monthly mortgage payment when escrowed. Harvey County's stable tax base helps keep rates predictable for homeowners.
What unique mortgage considerations should I know about buying in Newton's older neighborhoods?
Many homes in Newton's established neighborhoods like those near Athletic Park or downtown were built before 1978, so FHA and VA loans may require lead-based paint inspections. Additionally, lenders might require specialized appraisals for historic properties, and you may want to budget for potential renovation loans if considering older homes that need updates.
How competitive is the mortgage lending environment among Newton's local financial institutions?
Newton has a competitive lending landscape with several local options including Central National Bank, Emprise Bank, and Credit Union of America often offering personalized service and sometimes more flexible underwriting than national lenders. Many local institutions have deep community ties and may offer special programs for teachers, healthcare workers, or other local professionals.
Why Choose a Mortgage Lender in Newton?
Local Market Knowledge
Lenders who understand Newton'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 Newton and get competitive rates on your home loan.