The Best Mortgage Lenders in Yates Center, KS
Compare verified mortgage lenders serving Yates Center, Kansas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Yates Center
Featured Mortgage Lenders
Veterans United Home Loans
Veterans United Home Loans
Veterans United Home Loans is a top-rated mortgage lender specializing in VA loans and serving homebuyers nationwide, including in Yates Center, Kansas. With an A+ BBB rating and numerous industry awards, they are renowned for their exceptional customer service, educational resources, and dedicated support for military families. Their extensive experience and high customer satisfaction scores make them a reliable choice for various loan types, with a strong focus on making homeownership accessible.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender known for its competitive rates, innovative digital tools, and efficient online application process. Serving clients in Yates Center and across Kansas, they offer a wide range of loan products with transparent pricing. Their high customer ratings stem from a commitment to speed and convenience, backed by years of industry expertise and a strong track record in residential lending.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly-rated mortgage lender with a strong presence in Kansas, offering personalized service and a diverse portfolio of loan options. They are praised for their efforts in supporting underserved communities and providing bilingual resources. With competitive rates and a focus on customer satisfaction, they have built a reputation for reliability and flexibility, making them a top choice for homebuyers in Yates Center and surrounding areas.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Yates Center, KS
What are the current average mortgage rates for homebuyers in Yates Center, KS?
Mortgage rates in Yates Center typically align with national averages but can be slightly lower due to the rural nature of Woodson County. As of late 2024, you might expect rates around 6.5-7% for a 30-year fixed mortgage, though this varies by lender and borrower qualifications. Local lenders like Community National Bank often offer competitive rates specifically for Yates Center residents.
Are there any first-time homebuyer programs specifically available in Yates Center?
Yes, Kansas offers the First Time Homebuyer Program through KHousing, which is available to Yates Center residents. This program provides competitive interest rates and down payment assistance. Additionally, some local lenders may offer special programs for teachers, healthcare workers, or other essential service employees in the area.
How does Yates Center's rural location affect the mortgage approval process?
Yates Center's rural designation can actually work in your favor for certain USDA loans, which offer 100% financing with no down payment required. However, appraisals might take slightly longer as appraisers may need to travel from larger nearby cities like Emporia or Chanute. Local lenders familiar with Woodson County properties can help streamline this process.
What types of properties are most common for mortgage lending in Yates Center?
Most mortgage lending in Yates Center involves single-family homes, many of which are historic properties or older farmhouses. You'll find that conventional loans work well for most properties, though older homes (pre-1978) may require additional inspections for lead-based paint. Manufactured homes on permanent foundations are also common and eligible for financing through specific programs.
Are there any local property tax considerations I should know about when getting a mortgage in Yates Center?
Woodson County property taxes are generally lower than state and national averages, which can help with mortgage qualification and affordability. Current rates are approximately 1.2-1.5% of assessed value. Your lender will factor these taxes into your debt-to-income ratio, and the Yates Center city clerk's office can provide exact tax information for specific properties.
Why Choose a Mortgage Lender in Yates Center?
Local Market Knowledge
Lenders who understand Yates Center'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 Yates Center and get competitive rates on your home loan.