The Best Mortgage Lenders in Severy, KS
Compare verified mortgage lenders serving Severy, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Severy
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly-rated lender renowned for its exceptional customer service, competitive rates, and extensive loan options. With over 28 years in the industry, they have a strong regional presence in Kansas, including serving rural areas like Severy. They are praised for their personalized approach, fast closings, and expertise in government-backed loans, making them a top choice for homebuyers in the region.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a top-rated lender known for its efficient and transparent mortgage process, along with a strong commitment to community engagement. Founded in 2008, they offer a wide range of loan products and have a dedicated team in Kansas that serves Severy and surrounding areas. Customers highlight their responsiveness, competitive rates, and support for first-time homebuyers.
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Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a well-established mortgage lender with a reputation for reliability and customer satisfaction. Operating since 2008, they provide flexible loan options and competitive rates, with a strong presence in Kansas that includes service to Severy. They are noted for their streamlined application process, expert guidance, and ability to handle diverse financial situations, making them a trusted option for regional homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Severy, KS
What are the current mortgage rates like in Severy, Kansas?
Mortgage rates in Severy typically align with national averages but can vary slightly based on local lender competition. As of recent trends, 30-year fixed rates hover around 6.5-7%, while 15-year fixed rates are approximately 5.75-6.25%. It's advisable to check with local Kansas lenders like Community National Bank or credit unions for the most current Severy-specific rates.
Are there any first-time homebuyer programs specifically available in Severy?
Yes, Severy homebuyers can access Kansas Housing Resources Corporation's First Time Home Buyer Program, which offers competitive interest rates and down payment assistance. Additionally, some local lenders may offer special programs for Severy residents, particularly given the area's rural designation which can qualify buyers for USDA rural development loans with zero down payment options.
How does Severy's rural location affect mortgage lending options?
Severy's rural designation opens up USDA loan opportunities that aren't available in urban areas, offering 100% financing with no down payment required. The town's smaller market means fewer local lenders, but digital mortgage options have made statewide Kansas lenders easily accessible. Property types in Severy often include larger lots and agricultural considerations that may require specialized appraisals.
What should I know about property taxes when getting a mortgage in Severy?
Severy property taxes in Greenwood County are relatively affordable compared to urban Kansas areas, typically ranging from 1.1% to 1.4% of assessed value. Your mortgage lender will calculate these taxes into your monthly payment through an escrow account. It's important to note that agricultural land in the Severy area may have different tax classifications that affect overall housing costs.
Are there any local down payment assistance programs for Severy homebuyers?
While Severy itself doesn't offer municipal programs, buyers can utilize Kansas Housing's Down Payment Assistance program, which provides up to $15,000 in a second mortgage. Given Severy's population under 500, some lenders may also offer special consideration for essential workers like teachers, healthcare professionals, or agricultural workers through targeted assistance programs.
Why Choose a Mortgage Lender in Severy?
Local Market Knowledge
Lenders who understand Severy'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 Severy and get competitive rates on your home loan.