The Best Mortgage Lenders in Troy, KS
Compare verified mortgage lenders serving Troy, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Troy
Featured Mortgage Lenders
Capitol Federal Savings Bank
Capitol Federal Savings Bank
As Kansas' oldest and most established financial institution, Capitol Federal has been serving communities across Kansas for over 130 years. They maintain an exceptional 4.8-star rating across multiple review platforms with particular strength in customer service and competitive rates. Their extensive branch network throughout eastern Kansas ensures personalized local service for Troy residents, with specialized expertise in rural and agricultural property financing. Capitol Federal is particularly noted for their USDA loan programs which are ideal for properties in and around Troy.
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Mortgage Lending Solutions
Mortgage Lending Solutions
This highly-rated Lawrence-based mortgage broker has been serving eastern Kansas communities for nearly two decades, with particular expertise in serving smaller towns like Troy. They maintain an outstanding 4.9-star rating across review platforms and are known for exceptional customer service and competitive rate shopping. Their specialization in USDA rural development loans makes them an excellent choice for Troy area properties, and they have extensive experience with both first-time homebuyer programs and agricultural property financing.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation - Kansas City
Fairway Independent Mortgage has built a strong reputation throughout Kansas with local loan officers who specialize in serving rural communities. With a 4.8-star rating and hundreds of positive reviews, they're particularly noted for their efficient processing and excellent communication. Their Kansas City branch actively serves northeast Kansas communities including Troy, with special expertise in USDA loans and programs tailored for rural property buyers. They offer a wide range of loan products and are known for their competitive rates and flexible underwriting.
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Frequently Asked Questions
Common questions about mortgage lending in Troy, KS
What are current mortgage rates like for homes in Troy, KS?
Mortgage rates in Troy typically align with national averages but can be slightly influenced by local market conditions and property types common in Doniphan County. For accurate current rates, it's best to consult with local lenders who understand the rural housing market dynamics in this area. Rates may vary based on property location within the city limits versus more rural surrounding areas.
Are there any first-time homebuyer programs specific to Troy, Kansas?
While Troy doesn't have city-specific programs, homebuyers can access Kansas Housing Resources Corporation programs like First Time Homebuyer Program and Homeownership Set-Aside Program. These programs offer competitive interest rates and down payment assistance that are particularly beneficial in Troy's affordable housing market, where median home prices are below state averages.
How does Troy's rural location affect the mortgage approval process?
Troy's rural classification can impact mortgage approvals as some lenders may have stricter requirements for properties in smaller communities. USDA loans are particularly advantageous here since most of Doniphan County qualifies for USDA rural housing programs, offering 100% financing options that are ideal for Troy's market where many properties are outside traditional suburban areas.
What special considerations should I know about when getting a mortgage for a historic home in Troy?
Troy has several historic properties, particularly in its downtown area, which may require specialized lending approaches. You'll want to work with lenders experienced with historic homes, as these properties might need additional inspections and could qualify for historic preservation incentives. Some lenders may require higher down payments for older homes that need renovations.
How do property taxes in Troy, KS affect mortgage payments?
Doniphan County property taxes are relatively moderate compared to urban areas in Kansas, which helps keep overall mortgage payments affordable. Current rates are approximately 1.2-1.5% of assessed value, and your lender will factor these into your escrow calculations. The stable tax environment in Troy makes long-term mortgage planning more predictable for homeowners.
Why Choose a Mortgage Lender in Troy?
Local Market Knowledge
Lenders who understand Troy'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 Troy and get competitive rates on your home loan.