The Best Mortgage Lenders in Lees Summit, MO
Compare verified mortgage lenders serving Lees Summit, Missouri. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lees Summit
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a strong local presence in Lee's Summit, known for its exceptional customer service and competitive rates. Founded in 1996, it has built a reputation for reliability and expertise in various loan types, including government-backed and jumbo loans. With hundreds of positive reviews highlighting smooth processes and personalized support, it's a preferred choice for homebuyers in the Kansas City metro area due to its deep community involvement and consistent high satisfaction ratings.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly regarded national mortgage lender with a significant presence in the Kansas City region, serving Lee's Summit homebuyers with innovative digital tools and competitive financing options. Established in 2000, it offers a wide range of loan products and is praised for its transparency, fast closings, and excellent customer service. With a strong track record of high ratings and numerous reviews emphasizing ease of use and professional guidance, it stands out for its technology-driven approach and commitment to client satisfaction.
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New American Funding
New American Funding
New American Funding is a reputable mortgage lender with a dedicated office in Kansas City, providing comprehensive services to Lee's Summit residents. Founded in 2003, it excels in offering diverse loan options, including specialized programs for first-time homebuyers and reverse mortgages, and is recognized for its competitive rates and inclusive lending practices. With a solid reputation for customer care and community support, it has accumulated strong reviews praising its responsive team and efficient loan processing, making it a trusted option in the Missouri market.
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Frequently Asked Questions
Common questions about mortgage lending in Lees Summit, MO
Are there any first-time homebuyer programs specific to Lees Summit, MO that can help with down payment or closing costs?
Yes, Lees Summit homebuyers can utilize Missouri's statewide FIRST Place and Next Home programs, which offer competitive interest rates and down payment assistance. Additionally, the Lee's Summit Housing Authority occasionally offers local homebuyer education and assistance programs. These programs are particularly valuable given Lees Summit's median home prices, which are above the state average.
How do property taxes in Lees Summit affect my mortgage payment and overall affordability?
Jackson County property taxes in Lees Summit typically range from 1.1% to 1.4% of assessed value, which is moderate for the Kansas City metro area. Your lender will calculate these taxes into your monthly escrow payment, adding approximately $200-$400 per month to your mortgage payment for a typical $300,000 home. It's important to factor this into your budget when determining how much house you can afford.
What types of mortgages are most common for Lees Summit's housing market given current prices?
With median home prices around $350,000, conventional loans are most popular in Lees Summit, though FHA loans remain common for buyers with smaller down payments. Jumbo loans are becoming more frequent for properties above $647,200 in certain desirable neighborhoods. Local lenders are particularly familiar with appraising properties in Lees Summit's well-maintained neighborhoods and newer developments.
Does Lees Summit's growth and development impact mortgage lending requirements or opportunities?
Lees Summit's consistent growth has led to more flexible lending for newer construction homes, with many local lenders offering construction-to-permanent loans. The city's strong school system and low crime rates also mean properties often appraise well, which can lead to more favorable loan terms. However, some newer subdivisions may have HOA fees that lenders will factor into your debt-to-income ratio.
Are there any local credit unions or banks in Lees Summit that offer special mortgage programs for residents?
Yes, several local financial institutions including Community America Credit Union and Academy Bank offer special mortgage products for Lees Summit residents, sometimes with reduced fees or rate discounts. These local lenders often have better understanding of Lees Summit's specific neighborhood values and can provide more personalized service throughout the homebuying process.
Nearby Cities
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Why Choose a Mortgage Lender in Lees Summit?
Local Market Knowledge
Lenders who understand Lees Summit'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 Missouri.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Lees Summit and get competitive rates on your home loan.