The Best Mortgage Lenders in Prescott, KS
Compare verified mortgage lenders serving Prescott, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Prescott
Featured Mortgage Lenders
NBKC Bank
NBKC Bank
NBKC Bank is a highly-rated online lender based in the Kansas City area, serving Prescott and throughout Kansas with a strong reputation for competitive rates and exceptional customer service. Founded in 1999, it offers a streamlined digital mortgage process, consistently earning high marks for transparency and efficiency. With over 20 years of experience, NBKC provides a wide range of loan options and is known for its responsive support team, making it a top choice for homebuyers in rural and urban areas alike.
Loan Types:
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a nationally recognized lender with a strong local presence in Kansas, including service to Prescott. Established in 1996, it boasts nearly three decades of experience and top-tier customer ratings for its personalized approach and competitive loan products. The company is praised for its expert guidance through the mortgage process, extensive loan options, and commitment to community involvement, ensuring reliable service for homebuyers in smaller communities.
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New American Funding
New American Funding
New American Funding is a reputable mortgage lender with a branch in the Kansas City area, actively serving Prescott and surrounding regions. Founded in 2003, it has built a solid track record for offering diverse loan programs and competitive rates, particularly benefiting first-time and diverse homebuyers. Known for its high customer satisfaction scores and innovative technology, the company provides dedicated local support and flexible financing solutions, making it a trusted option in the Kansas mortgage market.
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Frequently Asked Questions
Common questions about mortgage lending in Prescott, KS
What are current mortgage rates like for homes in Prescott, KS?
Mortgage rates in Prescott, KS, typically align with national averages but can be slightly influenced by the local rural market and property types. As of recent trends, buyers can expect conventional 30-year fixed rates in the mid-6% range, though it's best to check with local Kansas lenders for the most accurate, up-to-date quotes based on your financial profile.
Are there any first-time homebuyer programs available specifically in Prescott, KS?
Yes, first-time homebuyers in Prescott can utilize statewide Kansas programs such as the Kansas Housing Resources Corporation's (KHRC) First Time Homebuyer Program, which offers competitive interest rates and down payment assistance. These programs are accessible to Prescott residents and can make homeownership more affordable in this rural community.
How does the rural nature of Prescott affect the mortgage process?
Prescott's rural setting may mean fewer local lender branches, so many buyers work with regional or online lenders familiar with rural Kansas properties. Appraisals might take slightly longer due to the need for comparable sales from surrounding areas, and some lenders may have specific requirements for properties on well and septic systems.
What types of properties are most common for mortgage lending in Prescott?
In Prescott, you'll primarily find single-family homes, often older properties with more land, and some manufactured homes. Lending for manufactured homes may require them to be permanently affixed and meet certain age criteria, while traditional homes typically qualify for conventional, FHA, or USDA loans given the area's rural designation.
Is USDA loan financing available for homes in Prescott, KS?
Yes, Prescott qualifies for USDA rural development loans due to its population and location. These loans offer 100% financing with no down payment, making them particularly attractive for eligible buyers with moderate incomes. This can be an excellent option given Prescott's designation as a rural community.
Why Choose a Mortgage Lender in Prescott?
Local Market Knowledge
Lenders who understand Prescott'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 Prescott and get competitive rates on your home loan.