The Best Mortgage Lenders in Waterville, KS
Compare verified mortgage lenders serving Waterville, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Waterville
Featured Mortgage Lenders
NBKC Bank
NBKC Bank
NBKC Bank is a highly-rated regional lender based in Kansas, known for its competitive rates and exceptional customer service. With over two decades of experience, they specialize in a wide range of loan products and have a strong presence in rural areas like Waterville, offering online and phone-based services for convenience. Their high ratings on platforms like Zillow and BBB reflect their reliability and customer satisfaction.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a nationally recognized lender with a strong local presence in Kansas, serving Waterville through their Overland Park office. They are praised for their personalized service, fast processing times, and expertise in various loan types, including USDA loans ideal for rural homes. Their high customer ratings and extensive experience make them a top choice for homebuyers in the region.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a reputable lender with deep roots in the Midwest, offering comprehensive mortgage solutions to Waterville residents. They are renowned for their competitive rates, educational approach, and strong community involvement. With nearly three decades of experience, they provide tailored loan options and have consistently high customer satisfaction ratings, making them a trusted partner for home financing.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Waterville, KS
What are typical mortgage rates for homebuyers in Waterville, KS?
Mortgage rates in Waterville generally align with national averages but can vary based on property type and borrower qualifications. For conventional 30-year fixed loans, rates typically range from 6.5% to 7.5% as of current market conditions. Local lenders like Citizens State Bank and Community National Bank often offer competitive rates specifically for Waterville residents.
Are there any first-time homebuyer programs specifically available in Waterville?
Yes, Waterville homebuyers can access Kansas Housing Resources Corporation programs like First Time Homebuyer Program and Homeowner Rehab & Purchase Program. These offer down payment assistance, competitive interest rates, and closing cost help. Additionally, Marshall County may have local initiatives for moderate-income buyers purchasing in Waterville.
How does Waterville's rural location affect mortgage lending requirements?
Waterville's rural designation can work to your advantage through USDA Rural Development loans, which offer 100% financing with no down payment required. However, some lenders may require additional documentation for property assessments due to the rural market. Appraisal processes might take slightly longer than in urban areas.
What unique closing costs should I expect when buying a home in Waterville?
Beyond standard closing costs, Waterville homebuyers should budget for specific local fees including Marshall County recording fees, Waterville city transfer taxes, and potentially well/septic inspections for rural properties. Title insurance costs may vary slightly from statewide averages due to local provider rates.
How do property values in Waterville impact loan-to-value ratios and PMI requirements?
With Waterville's relatively stable but modest property values (typically $80,000-$150,000 for single-family homes), borrowers often need smaller loans but may face tighter LTV requirements. Lenders might be more conservative with appraisals, and PMI is common for down payments below 20% given the smaller local market.
Nearby Cities
Explore mortgage lenders in cities near Waterville, KS
Why Choose a Mortgage Lender in Waterville?
Local Market Knowledge
Lenders who understand Waterville'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 Waterville and get competitive rates on your home loan.