The Best Mortgage Lenders in Salina, KS
Compare verified mortgage lenders serving Salina, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Salina
Featured Mortgage Lenders
Bank of Tescott - Salina Mortgage Center
Bank of Tescott
Bank of Tescott has been serving Central Kansas for over a century with deep roots in the Salina community. As a locally-owned community bank, they offer personalized mortgage services with local underwriting decisions and competitive rates. Their experienced loan officers provide exceptional customer service with quick turnaround times, making them a top choice for Salina homebuyers seeking traditional banking values combined with modern mortgage solutions.
Loan Types:
Sunflower Bank Mortgage
Sunflower Bank, N.A.
With strong regional presence across Kansas, Sunflower Bank has been a trusted mortgage lender in Salina for decades. They offer comprehensive mortgage solutions with local decision-making and competitive rates. Their Salina-based mortgage team provides personalized service with expertise in both rural and urban property financing throughout central Kansas. The bank's long history and community commitment make them a reliable choice for Salina homebuyers.
Loan Types:
Fidelity Bank Mortgage
Fidelity Bank
While headquartered in Wichita, Fidelity Bank serves the entire central Kansas region including Salina with exceptional mortgage services. They combine the resources of a larger regional bank with personalized local service, offering competitive rates and flexible loan options. Their experienced mortgage team specializes in both purchase and refinance transactions, with particular strength in construction lending and first-time homebuyer programs that serve the Salina market effectively.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Salina, KS
What are the current average mortgage rates for homebuyers in Salina, KS?
Mortgage rates in Salina typically align with national averages but can vary slightly by lender. As of recent data, 30-year fixed rates in Salina generally range from 6.5% to 7.25%, depending on credit score and loan type. It's recommended to compare rates from local Salina lenders like Sunflower Bank or Sunflower Bank as they often have competitive regional offerings.
Are there any first-time homebuyer programs specifically available in Salina?
Yes, Salina homebuyers can access the "First Time Home Buyer Grant" program through the Salina Area United Way, which provides down payment assistance. Additionally, Kansas Housing Resources Corporation offers statewide programs like the First Time Homebuyer Program with competitive interest rates and down payment assistance, which are accessible to Salina residents.
How does Salina's property tax rate affect my mortgage payments?
Salina's property tax rates are relatively moderate compared to other Kansas cities, currently averaging around 1.4% of assessed value. This means on a $200,000 home, you'd pay approximately $2,800 annually in property taxes, which will be included in your monthly escrow payment. Saline County's stable tax base helps keep these rates predictable for homeowners.
What types of mortgages are most common for Salina's housing market?
Conventional fixed-rate mortgages are most popular in Salina due to the area's stable housing market and affordable prices. FHA loans are also common, particularly for buyers with lower credit scores or smaller down payments. Given Salina's median home price around $150,000, many buyers can comfortably use conventional financing without needing jumbo loans.
How long does the mortgage approval process typically take with Salina lenders?
The mortgage process with Salina lenders typically takes 30-45 days from application to closing. Local institutions like Sunflower Bank and Community Bank often have streamlined processes due to their familiarity with Salina's market and property values. Working with a local Salina lender can sometimes expedite the process compared to national online lenders.
Why Choose a Mortgage Lender in Salina?
Local Market Knowledge
Lenders who understand Salina'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 Salina and get competitive rates on your home loan.