The Best Mortgage Lenders in Raymond, KS
Compare verified mortgage lenders serving Raymond, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Raymond
Featured Mortgage Lenders
Central National Bank
Central National Bank
Central National Bank is a highly respected regional bank with deep roots in central Kansas, serving communities throughout the region including Raymond. With over 135 years of banking experience, they offer personalized mortgage services with local decision-making. Their mortgage team provides competitive rates on all major loan types and is known for exceptional customer service and community involvement. As a local institution, they understand the unique needs of rural Kansas homebuyers and offer specialized construction and agricultural property lending expertise.
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Sunflower Bank
Sunflower Bank, N.A.
Sunflower Bank has been serving Kansas communities for over 125 years and maintains a strong presence in central Kansas, including service to Raymond residents. They offer comprehensive mortgage solutions with a focus on personalized service and local underwriting. The bank is particularly noted for their first-time homebuyer programs and competitive USDA rural development loans, making them an excellent choice for Raymond area home purchases. Their experienced loan officers provide guidance through every step of the mortgage process with transparent communication.
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Capitol Federal Savings Bank
Capitol Federal Savings Bank
Capitol Federal Savings Bank has been a trusted mortgage lender throughout Kansas for over 125 years, with a strong Salina branch that serves the Raymond area. Known for their "True Blue" commitment to customers, they offer competitive rates and straightforward mortgage processes. They specialize in both purchase and refinance loans with a reputation for reliability and excellent customer satisfaction. Their long-standing presence in Kansas communities ensures they understand local market conditions and can provide tailored mortgage solutions for rural and suburban properties.
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Frequently Asked Questions
Common questions about mortgage lending in Raymond, KS
What are the current average mortgage rates for homebuyers in Raymond, KS?
Mortgage rates in Raymond typically align with national averages but can be slightly lower due to the rural nature of the area and lower overall risk for lenders. As of late 2024, you can expect 30-year fixed rates around 6.5-7% and 15-year fixed rates around 6-6.5%, though these vary by lender and borrower qualifications. Local credit unions like Credit Union of America often offer competitive rates for Rice County residents.
Are there any first-time homebuyer programs specifically available in Raymond?
Yes, the Kansas Housing Resources Corporation (KHRC) offers first-time homebuyer programs like the First Time Homebuyer Program and Downpayment Assistance Program, which are available throughout Kansas including Raymond. These programs provide competitive interest rates and down payment assistance up to $15,000 for eligible buyers. Additionally, some local lenders may offer special programs for Rice County teachers, healthcare workers, or agricultural employees.
How does Raymond's rural location affect the mortgage approval process?
Raymond's rural classification can impact mortgage approval through USDA loans, which are widely available here and offer 100% financing with no down payment required. However, some lenders may require additional property inspections for rural homes, particularly for well and septic systems. Appraisals might take slightly longer due to fewer comparable properties in the immediate area compared to urban markets.
What types of properties in Raymond might qualify for agricultural or rural development loans?
USDA Rural Development loans are readily available for most properties in Raymond, given the town's population under 2,500. Properties on larger lots (typically 1-10 acres) often qualify, though working farms require specialized agricultural loans. The USDA program is ideal for modest single-family homes in town and surrounding areas, excluding income-producing farm operations which require different financing.
Are property taxes in Raymond typically factored into mortgage escrow accounts?
Yes, most lenders in Raymond will include property taxes in your escrow account, with Rice County property taxes averaging approximately 1.3-1.5% of home value annually. Given Raymond's location within multiple taxing jurisdictions (city, county, school district), lenders carefully calculate these amounts. The modest tax rates compared to urban Kansas areas help keep overall monthly payments more affordable for local homebuyers.
Why Choose a Mortgage Lender in Raymond?
Local Market Knowledge
Lenders who understand Raymond'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 Raymond and get competitive rates on your home loan.