The Best Mortgage Lenders in Scranton, KS
Compare verified mortgage lenders serving Scranton, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Scranton
Featured Mortgage Lenders
Arvest Bank Mortgage
Arvest Bank
Arvest Bank is one of the most established and highly-rated regional lenders serving Scranton and surrounding areas. With over 60 years in banking and mortgage lending, they maintain exceptional 4.8-star ratings across multiple review platforms. They specialize in rural and agricultural community lending with extensive experience with USDA loans perfect for Scranton residents. Their local loan officers understand the unique needs of Bourbon County homeowners and offer personalized service with competitive rates. Arvest has consistently high customer satisfaction scores and offers a full range of mortgage products with local underwriting and decision-making.
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Central National Bank
Central National Bank
Central National Bank brings over 135 years of community banking experience to serve Scranton and northeast Kansas residents. They maintain outstanding 4.7-star ratings for their mortgage services with particular strength in construction and rural property lending. As a Kansas-based institution, they have deep understanding of local property values and agricultural considerations. Their mortgage team provides personalized guidance through the entire home buying process with local loan servicing. CNB is known for competitive rates, flexible terms, and exceptional customer service that has earned them numerous local awards and high customer satisfaction ratings.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a nationally recognized mortgage lender with strong Kansas presence and exceptional 4.9-star ratings across review platforms. They consistently rank among the top mortgage lenders in customer satisfaction and have won multiple industry awards. Their Topeka-based loan officers regularly serve Scranton area clients and specialize in rural Kansas properties. Fairway offers highly competitive rates, streamlined digital processes, and exceptional communication throughout the loan process. They're particularly praised for their expertise with first-time homebuyer programs and government-backed loans, making them an excellent choice for Scranton residents seeking personalized mortgage solutions.
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Frequently Asked Questions
Common questions about mortgage lending in Scranton, KS
What are the current average mortgage rates for homebuyers in Scranton, KS?
Mortgage rates in Scranton typically align with national averages but can vary based on local lenders. Currently, 30-year fixed rates hover around 6.5-7% in the area, though rural property loans might carry slightly higher rates. It's best to check with local institutions like Citizens State Bank or Central National Bank for the most accurate Scranton-specific rates.
Are there any first-time homebuyer programs specifically available in Scranton?
Yes, Scranton homebuyers can access Kansas Housing Resources Corporation's first-time homebuyer programs, which offer down payment assistance and competitive interest rates. Additionally, some local lenders may offer special programs for Osage County residents. These programs are particularly valuable given Scranton's affordable housing market where median home prices are below state averages.
How does Scranton's rural location affect the mortgage approval process?
Scranton's rural classification can impact appraisals since comparable properties may be limited in the immediate area. Lenders might require additional documentation about property condition and may consider properties outside city limits as "rural" which could affect loan terms. Working with lenders experienced in rural Kansas properties can help streamline this process.
What types of properties typically require special mortgage consideration in Scranton?
Older homes (common in Scranton's historic areas), agricultural properties with acreage, and homes needing significant repairs often require specialized lending approaches. USDA loans are popular for qualifying properties in Scranton's rural areas, while FHA 203(k) loans can help finance both purchase and renovation of fixer-uppers common in the area.
How long does the mortgage process typically take with Scranton's local lenders?
The mortgage process in Scranton generally takes 30-45 days with local lenders, though rural property appraisals might add extra time due to the need for appraisers to travel from larger cities. Building relationships with local banks can sometimes expedite the process, as they're familiar with Osage County's specific market conditions and documentation requirements.
Why Choose a Mortgage Lender in Scranton?
Local Market Knowledge
Lenders who understand Scranton'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 Scranton and get competitive rates on your home loan.