The Best Mortgage Lenders in Virgil, KS
Compare verified mortgage lenders serving Virgil, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Virgil
Featured Mortgage Lenders
Security 1st Title & Mortgage
Security 1st Title & Mortgage LLC
Security 1st Title & Mortgage is a highly-rated local mortgage provider serving southeast Kansas communities including Virgil. With exceptional 4.9-star ratings across multiple platforms, they specialize in rural and agricultural lending, making them particularly well-suited for Virgil residents. Their team offers personalized service with deep knowledge of local property values and rural lending programs like USDA loans. They're known for competitive rates, transparent processes, and guiding clients through every step of the mortgage journey.
Loan Types:
Equity Bank
Equity Bank
Equity Bank has established itself as a trusted regional lender with strong presence throughout southeast Kansas. Serving Virgil and surrounding rural communities, they offer comprehensive mortgage solutions with particular expertise in agricultural and rural property financing. Their local loan officers understand the unique needs of Virgil area homeowners and provide competitive rates with flexible terms. Equity Bank is recognized for their community involvement and personalized customer service approach.
Loan Types:
Arvest Bank
Arvest Bank Mortgage
Arvest Bank brings decades of mortgage lending experience to southeast Kansas, serving Virgil residents through their nearby Chanute branch. As one of the region's most established financial institutions, they offer a wide range of mortgage products with competitive rates and terms. Their local loan officers provide personalized service with deep understanding of rural property financing. Arvest is particularly noted for their streamlined application process and commitment to community banking values, making them a reliable choice for Virgil area homebuyers.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Virgil, KS
What are the current average mortgage rates for homebuyers in Virgil, KS?
Mortgage rates in Virgil typically align with national averages but can be slightly lower due to the rural nature of the area and lower property values. As of recent data, 30-year fixed rates often range between 6.5% and 7%, but it's best to check with local Kansas lenders for the most current quotes, as they may offer competitive rates for this specific market.
Are there any first-time homebuyer programs specifically available for Virgil residents?
Yes, Virgil homebuyers can access Kansas Housing Resources Corporation programs like the First Time Homebuyer Program, which offers competitive interest rates and down payment assistance. Additionally, some local lenders may have special programs for rural areas like Virgil, which can include USDA loans that require no down payment for eligible properties.
How does Virgil's rural location affect the mortgage approval process?
Virgil's rural setting means lenders may require additional property inspections, such as well and septic checks, which aren't common in urban areas. You might also find that appraisals take slightly longer due to fewer comparable sales. However, USDA loans are particularly favorable here, offering 100% financing for qualified buyers in designated rural areas.
What types of properties in Virgil are eligible for USDA rural housing loans?
Most properties in Virgil qualify for USDA loans since it's located in a designated rural area. Eligible properties include single-family homes that meet USDA safety standards and are owner-occupied. The home must be modest in size and cost, and cannot include income-producing facilities, making it ideal for Virgil's typical residential properties.
Are property taxes in Virgil, KS typically included in mortgage escrow accounts?
Yes, most lenders in Virgil include property taxes in escrow accounts since Greenwood County property taxes are relatively stable and predictable. This helps homeowners budget by spreading tax payments monthly. Virgil's property tax rates are generally lower than state averages, which can make monthly mortgage payments more affordable for local buyers.
Why Choose a Mortgage Lender in Virgil?
Local Market Knowledge
Lenders who understand Virgil'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 Virgil and get competitive rates on your home loan.