The Best Mortgage Lenders in Tescott, KS
Compare verified mortgage lenders serving Tescott, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Tescott
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 north-central Kansas, including Tescott. As a regional community bank, they offer personalized mortgage services with local decision-making. Their mortgage team specializes in rural and agricultural property financing, making them an excellent choice for Tescott residents. They consistently receive high marks for customer service, competitive rates, and their understanding of local real estate markets.
Loan Types:
Mortgage Services
Home Loan Investment Bank
Home Loan Investment Bank serves the entire state of Kansas with specialized expertise in rural and small-town mortgages. They have extensive experience with USDA loans, which are particularly relevant for Tescott area properties. Their digital mortgage process combined with personalized service makes them highly rated among Kansas homebuyers. Customers consistently praise their responsiveness, competitive rates, and smooth closing processes.
Loan Types:
Local Mortgage Office
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage has multiple Kansas locations and serves Tescott through their experienced local loan officers. They are particularly strong with first-time homebuyer programs and government-backed loans. Their reputation for excellent customer service, competitive pricing, and efficient processing makes them a top choice. They offer a wide range of mortgage products and have special expertise in rural Kansas property financing, with many positive reviews highlighting their knowledge of local market conditions.
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Frequently Asked Questions
Common questions about mortgage lending in Tescott, KS
What are typical mortgage rates for homebuyers in Tescott, KS?
Mortgage rates in Tescott generally align with national averages, but local lenders may offer competitive rates due to the rural nature of Osborne County. Current rates for 30-year fixed mortgages typically range between 6.5-7.5%, though your specific rate will depend on credit score, down payment, and loan type. It's wise to compare offers from both local Tescott banks and regional lenders serving northwest Kansas.
Are there any first-time homebuyer programs specific to Tescott residents?
While Tescott itself doesn't offer city-specific programs, Kansas Housing Resources Corporation provides statewide first-time homebuyer programs accessible to Tescott residents. These include down payment assistance, competitive interest rates, and homebuyer education. Additionally, some local lenders in Osborne County may offer special programs for first-time buyers in rural communities like Tescott.
How does Tescott's rural location affect mortgage lending requirements?
Tescott's rural designation can work to your advantage with USDA loans, which offer 100% financing with no down payment required for eligible properties and borrowers. However, some conventional lenders may require more thorough property inspections due to the age of housing stock in this historic community. Appraisals might also consider comparable properties from broader surrounding areas given Tescott's small market.
What should I know about property taxes when getting a mortgage in Tescott?
Osborne County property taxes in Tescott are relatively affordable compared to urban areas, typically ranging from 1.2% to 1.5% of assessed value. Your mortgage lender will escrow these taxes, and it's important to factor in potential tax increases if you're purchasing agricultural land or making significant improvements to older Tescott homes, as this can affect your monthly payment.
Are there special mortgage considerations for buying older homes in Tescott's historic areas?
Yes, Tescott's older homes may require additional scrutiny. Lenders often mandate thorough inspections for properties built before 1978 due to lead-based paint concerns, and may require repairs for safety issues before loan approval. Consider an FHA 203(k) renovation loan if you're purchasing a historic Tescott home needing updates, as this allows you to finance both purchase and repairs in one mortgage.
Why Choose a Mortgage Lender in Tescott?
Local Market Knowledge
Lenders who understand Tescott'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 Tescott and get competitive rates on your home loan.