The Best Mortgage Lenders in Wallace, KS
Compare verified mortgage lenders serving Wallace, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Wallace
Featured Mortgage Lenders
Supreme Lending
Supreme Lending
Supreme Lending is a highly-rated mortgage lender with a strong presence in Kansas, serving rural areas like Wallace. Founded in 1999, it has built a reputation for competitive rates, exceptional customer service, and a wide range of loan options. With over 25 years of experience, the company is known for its efficient processing, personalized assistance, and high customer satisfaction scores. Its Overland Park office provides accessible support for clients in western Kansas, making it a top choice for homebuyers in the region.
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New American Funding
New American Funding
New American Funding is a reputable mortgage lender that actively serves Kansas communities, including Wallace. Established in 2003, it offers a diverse portfolio of loan products and is praised for its competitive rates, bilingual support, and commitment to minority homeownership. With 21 years of experience, the company has consistently high ratings for its responsive customer service and streamlined online application process. Its Lenexa branch ensures local expertise and reliable service for homebuyers in the area.
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Better.com
Better Holdco, Inc.
Better.com is a leading online mortgage lender that provides services across Kansas, including Wallace. Founded in 2014, it stands out for its fully digital platform, offering competitive rates, fast approvals, and a user-friendly experience. With a decade of experience, Better.com has earned high marks for transparency, no lender fees, and excellent customer support. Although based in New York, its nationwide reach and efficient processes make it a top option for homeowners in rural Kansas seeking convenience and reliability.
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Frequently Asked Questions
Common questions about mortgage lending in Wallace, KS
What are current mortgage rates like in Wallace, KS compared to the national average?
Mortgage rates in Wallace, KS are typically very competitive and often slightly below the national average due to the rural nature of the county and lower cost of living. However, rates can vary based on individual credit profiles and loan types, so it's best to consult with a local lender who understands the specific dynamics of Wallace County's housing market.
Are there any special loan programs for buying a home in rural Wallace, KS?
Yes, Wallace homebuyers frequently qualify for USDA Rural Development loans, which offer 100% financing with no down payment required. Given Wallace's designation as a rural community, many properties in the area are eligible for this program, making homeownership more accessible for moderate-income buyers in this agricultural region.
How does the seasonal agricultural economy affect mortgage lending in Wallace?
Lenders in Wallace are accustomed to working with applicants whose income may be seasonal or tied to agriculture. They typically require two years of tax returns to establish stable income patterns and may consider off-farm income sources. Self-employed agricultural workers should be prepared with thorough documentation of their income history when applying for a mortgage.
What should I know about property taxes when getting a mortgage in Wallace County?
Wallace County has relatively low property tax rates compared to urban areas in Kansas, typically ranging from 1.2% to 1.5% of assessed value. Your mortgage lender will factor these taxes into your monthly payment through an escrow account, and it's important to note that agricultural land may have different assessment methods than residential property.
Are there any local first-time homebuyer programs specific to Wallace?
While Wallace itself doesn't have city-specific programs, Kansas Housing Resources Corporation offers statewide programs that Wallace residents can access, including down payment assistance and competitive first-time homebuyer loans. Additionally, some local lenders may offer special terms for first-time buyers in this small community where they have strong relationships.
Why Choose a Mortgage Lender in Wallace?
Local Market Knowledge
Lenders who understand Wallace'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 Wallace and get competitive rates on your home loan.