The Best Mortgage Lenders in Ottawa, KS
Compare verified mortgage lenders serving Ottawa, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ottawa
Featured Mortgage Lenders
Mortgage Lenders of America
Mortgage Lenders of America
Mortgage Lenders of America is a highly-rated regional mortgage company based in Overland Park, Kansas, with over two decades of experience serving Ottawa and the greater Kansas City area. They are known for their competitive rates, personalized service, and expertise in various loan programs, including first-time homebuyer options. With strong customer satisfaction ratings and a commitment to local communities, they offer a streamlined process and dedicated support for borrowers in Ottawa.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a nationally recognized lender with a strong local presence in the Kansas City metro area, including Ottawa. Founded in 1996, they have built a reputation for exceptional customer service, competitive pricing, and a wide range of loan products. Their team of experienced loan officers provides personalized guidance, making them a top choice for homebuyers and refinancers in the region, with high ratings reflecting their reliability and community involvement.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a leading digital mortgage lender with a physical office in Kansas City, serving Ottawa and surrounding areas. Since 2000, they have combined technology with personal service to offer fast, efficient loan processes and competitive rates. Known for their transparency and high customer satisfaction, they provide a variety of loan options and have a strong track record of helping borrowers achieve their homeownership goals in the Kansas region.
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Frequently Asked Questions
Common questions about mortgage lending in Ottawa, KS
What are the current average mortgage rates for homebuyers in Ottawa, KS?
Mortgage rates in Ottawa typically align with national averages but can be slightly lower due to the area's stable housing market. As of recent data, 30-year fixed rates generally range from 6.5% to 7.2%, though local lenders like Ottawa's community banks and credit unions may offer competitive rates. It's wise to compare offers from both local and national lenders to secure the best rate for your situation.
Are there any first-time homebuyer programs specifically available in Ottawa, KS?
Yes, Ottawa homebuyers can access Kansas Housing Resources Corporation (KHRC) programs like First Time Homebuyer Program and Home Buyer Downpayment Assistance, which offer competitive interest rates and down payment aid. Additionally, local lenders may have special first-time buyer incentives, so consult with Ottawa-based mortgage advisors who are familiar with these state and local opportunities.
How does Ottawa's property tax rate affect my mortgage payments?
Ottawa's property tax rate in Franklin County is approximately 1.5% to 1.8% of assessed value, which is moderate for Kansas. This means for a $200,000 home, you might pay $3,000-$3,600 annually in property taxes, which will be included in your monthly mortgage escrow payment. Be sure to factor this into your budget when determining how much house you can afford in Ottawa.
What special considerations should I know about getting a mortgage for older homes in Ottawa's historic districts?
Ottawa has several historic neighborhoods with charming older homes that may require special mortgage considerations. Lenders might require additional inspections for older properties, and you may need to budget for potential repairs that could affect loan approval. Some local lenders are experienced with historic properties and can guide you through any unique requirements for these character homes.
Are USDA loans a good option for homebuyers in the Ottawa area?
Yes, USDA loans are an excellent option for many Ottawa homebuyers since much of Franklin County qualifies as rural under USDA guidelines. These loans offer 100% financing with no down payment, making them particularly attractive for moderate-income buyers. Check with local lenders who regularly process USDA loans to determine if the specific property you're considering meets location requirements.
Why Choose a Mortgage Lender in Ottawa?
Local Market Knowledge
Lenders who understand Ottawa'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 Ottawa and get competitive rates on your home loan.