The Best Mortgage Lenders in Solomon, KS
Compare verified mortgage lenders serving Solomon, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Solomon
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a strong presence in Kansas, including service to Solomon. Known for competitive rates and exceptional customer service, they have a reputation for streamlining the mortgage process with a wide range of loan options. Their high ratings stem from personalized support, local loan officers, and a commitment to community involvement, making them a reliable choice for homebuyers in rural areas like Solomon.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender serving Solomon and across Kansas, praised for its diverse loan products and focus on underserved communities. With a dedication to customer satisfaction, they offer bilingual support and innovative technology for a smooth application process. Their strong review scores reflect reliability, competitive pricing, and a track record of helping borrowers in small towns achieve homeownership.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender with extensive service in Kansas, including Solomon, known for its fast closings and community-focused approach. They excel in providing personalized mortgage solutions with a emphasis on local relationships and philanthropy. High customer ratings highlight their efficiency, transparent communication, and ability to handle various loan types, making them a trusted option for homebuyers in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Solomon, KS
What are the typical mortgage rates available in Solomon, KS?
Mortgage rates in Solomon are generally competitive with national averages, but local lenders may offer slightly different terms based on rural market conditions. As of 2024, 30-year fixed rates typically range from 6.5% to 7.25% depending on credit score and loan type. It's wise to compare offers from both local Solomon banks and regional lenders serving Dickinson County.
Are there any first-time homebuyer programs specific to Solomon or Dickinson County?
Yes, Solomon homebuyers can access the Kansas Housing Resources Corporation's First Time Homebuyer Program, which offers down payment assistance and competitive rates. Additionally, local lenders like Solomon State Bank may have special programs for first-time buyers in the area. These programs can be particularly helpful given Solomon's affordable housing market.
How does Solomon's rural location affect the mortgage approval process?
Solomon's rural setting can impact appraisals since comparable home sales may be limited in the immediate area. Lenders often need to expand their search radius to include nearby towns like Abilene or Salina for proper valuation. USDA loans are particularly popular here since most of Solomon qualifies for these zero-down-payment rural development loans.
What types of properties in Solomon might present mortgage challenges?
Older homes in Solomon's historic districts or agricultural properties with acreage can sometimes face mortgage hurdles. Lenders may require additional inspections for century-old homes, and properties with significant land may not qualify for conventional loans. Working with a local mortgage broker familiar with Solomon's unique property types is recommended.
How long does the mortgage process typically take in Solomon's real estate market?
The mortgage process in Solomon usually takes 30-45 days, similar to national timelines. However, being in a smaller market can sometimes speed up the process due to less competition and quicker appraisal scheduling. Local lenders with relationships in the community can often streamline the closing process compared to large national banks.
Why Choose a Mortgage Lender in Solomon?
Local Market Knowledge
Lenders who understand Solomon'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 Solomon and get competitive rates on your home loan.