The Best Mortgage Lenders in SM, KS
Compare verified mortgage lenders serving SM, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in SM
Featured Mortgage Lenders
Mortgage Department
Sunflower Bank, N.A.
Sunflower Bank has been serving Kansas communities for over 130 years and maintains a strong presence in Salina with their mortgage division. They are highly rated for their personalized service and deep understanding of local real estate markets. As a community-focused bank, they offer competitive rates and have mortgage specialists who provide one-on-one guidance throughout the entire home buying process. Their long-standing reputation and commitment to the Salina area make them a top choice for residential mortgages.
Loan Types:
Mortgage Services
Capitol Federal Savings Bank
Capitol Federal has been a trusted mortgage lender in Kansas for over 125 years, with a strong Salina branch that serves the local community. They are particularly noted for their competitive rates on conventional and government-backed loans, and their mortgage team has extensive experience with Salina's housing market. Customers consistently praise their straightforward process, transparent communication, and reliable service. Their local loan officers provide personalized attention and understand the specific needs of central Kansas homebuyers.
Loan Types:
Mortgage Division
Central National Bank
Central National Bank has deep roots in Kansas with multiple branches serving the Salina area. Their mortgage department is known for offering flexible loan options and competitive terms, particularly for agricultural and rural properties in the surrounding areas. They provide local underwriting and decision-making, which often results in faster closings. The bank has built a strong reputation for reliable service and community involvement in Salina, with mortgage specialists who have extensive knowledge of the local real estate landscape.
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Frequently Asked Questions
Common questions about mortgage lending in SM, KS
What are the current average mortgage rates in Salina, KS, and how do they compare to state averages?
Mortgage rates in Salina typically align closely with Kansas state averages, often ranging from 6.5% to 7.5% for 30-year fixed loans as of 2024. However, local lenders like Sunflower Bank or Sunflower Insurance may offer competitive rates specific to the Salina market. It's wise to compare offers from both local and national lenders to secure the best rate for your situation.
Are there any first-time homebuyer programs specifically available in Salina?
Yes, Salina homebuyers can access programs like the Salina First-Time Homebuyer Program, which may offer down payment assistance or favorable terms through local partnerships. Additionally, statewide programs like the Kansas Housing Resources Corporation's "First Time Homebuyer Program" provide affordable financing options. Consulting with a local mortgage advisor can help you identify the best program for your needs.
How does Salina's property tax rate affect my monthly mortgage payment?
Salina's property tax rate is approximately 1.5% to 1.8% of assessed value, which is relatively moderate for Kansas. This means for a $200,000 home, you might pay $3,000-$3,600 annually in property taxes, impacting your monthly escrow payment. Be sure to factor this into your budget when calculating total housing costs.
What types of loans are most common for Salina's housing market?
Conventional loans and FHA loans are popular in Salina due to the area's affordable housing prices, often ranging from $150,000 to $300,000. VA loans are also common given Salina's proximity to military facilities like Schilling Air Force Base (former). Local lenders are experienced with these loan types and can guide you based on your financial profile.
How does Salina's stable but slow-growing real estate market influence mortgage lending?
Salina's steady market means appraisals usually align with sale prices, reducing lending complications. Lenders may offer flexible terms due to lower risk in this consistent environment. However, you should still get pre-approved early, as desirable homes in neighborhoods like Indian Rock Park or Kenwood Park can attract competitive interest.
Why Choose a Mortgage Lender in SM?
Local Market Knowledge
Lenders who understand SM'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 SM and get competitive rates on your home loan.