When it comes to securing a mortgage in Kansas, finding the right lender can make a world of difference in terms of getting the best terms and rates for your home loan. With the mortgage industry in Kansas being highly competitive, it can be overwhelming to navigate through the numerous options available. That's where having a list of the top mortgage lenders in Kansas can streamline your decision-making process.
Whether you're a first-time homebuyer or looking to refinance, working with a reputable lender who understands your needs is crucial. In this article, we will highlight some of the top mortgage lenders in Kansas who have a proven track record of offering excellent customer service and competitive rates, helping you make an informed choice.
The 6 Best Mortgage Companies in Kansas
So you're ready to buy your home in Kansas, but where do you begin? The right mortgage lender can guide you through finding the ideal mortgage program that suits your needs and budget. Here are a few of the best mortgage companies you'll find in Kansas:
1. Best for Bank Statement Loans: Angel Oak Mortgage Solutions
Angel Oak Mortgage Solutions is a full-service mortgage lender in Kansas offering traditional and portfolio mortgage Loans. Among their various customized loan Solutions is their Bank Statement product specifically designed for self-employed borrowers in Kansas. This innovative loan option does not require Tax returns and includes a 1099 Income alternative for 1099 earners.
- Loan amounts up to $3 million
- 12 or 24 months personal or business bank statements
- Two years out of bankruptcy, short sale, foreclosure, or deed-in-lieu
- Owner-occupied, non-owner-occupied, and second homes physically located in Kansas
- 1099 option available
- 40-year fixed interest-only
- Delayed financing available
- Non-warrantable condos allowed
Angel Oak Mortgage Solutions offers a diverse range of loan options, provided all qualification requirements are met. Kansas residents can also refinance into any of these Loans. Their customer service team is easily accessible via email, phone, or the online contact form, allowing you to kickstart your mortgage journey by connecting with a local advisor directly from their website.
Angel Oak is headquartered in Atlanta, Georgia, and holds licenses in various states including AL, AZ, CA, CO, CT, DE, DC, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MI, MN, MS, NV, NH, NJ, NM, NC, OH, OK, OR, PA, SC, TN, TX, UT, VT, VA, WA, and WI.
2. Best Online Lender: Quicken Loans®
Quicken Loans offers a convenient online mortgage process that caters to almost any type of borrower in Kansas. The user-friendly platform allows you to seamlessly kickstart your home buying or refinancing journey. Quicken Loans provides a quick mortgage calculator to help you estimate your monthly Payments accurately, along with an array of customer service support options to address any queries you may have.
3. Best for First-Time Home Buyers: Wells Fargo
For many first-time home buyers in Kansas, navigating through the mortgage landscape can be overwhelming. Wells Fargo stands out as a lender with extensive Experience and accessibility, making it a sought-after choice for many buyers. Their First Mortgage loan program is tailored to assist low-to-moderate income borrowers in achieving their dream of homeownership, offering low down Payment options and help with closing costs.
If you require assistance during the loan process, Wells Fargo's customer service team is reachable via phone, online, or in-person at a branch location.
4. Best for Self-Employed Professionals: Better.com
Self-employed individuals often face unique challenges when navigating the mortgage process. Better.com is an online lender committed to simplifying the mortgage journey for self-employed borrowers in Kansas. They offer transparent guidance on the required documentation and enable you to complete the entire mortgage process seamlessly on their Digital platform.
Whether you're a first-time homebuyer or looking to refinance, working with a reputable lender who understands your needs is crucial.
5. Best for FHA Loans in Kansas: Freedom Mortgage
Freedom Mortgage is an excellent choice for those interested in FHA Loans in Kansas. Their loan officers specialize in assisting homebuyers to find suitable homebuyer programs and offer personalized loan offers. With the Purchase Promise feature, Freedom Mortgage guarantees a low-rate offer, an on-time closing promise, concierge service, and post-loan closing follow-ups to potentially reduce monthly Payments.
6. Best for VA Loans: Veterans United
For individuals considering VA Loans, Veterans United is a top choice. This lender specializes in helping qualified service members and veterans with tailored mortgage programs. Veterans United boasts a dedicated customer service team available 24/7, along with valuable resources on their website to guide you through the VA loan process.
Mortgages Explained
Mortgages come in various types tailored to meet the diverse needs of borrowers. Your mortgage type and term Play a crucial role in determining your repayment schedule and overall mortgage Experience.
Mortgage Types
Common mortgage types include:
Mortgage Terms
Popular mortgage terms include:
- 30-year fixed
- 15-year fixed
- 5/1 ARM
Which Mortgage Lender is Best for You?
When selecting a mortgage lender in Kansas, consider factors such as transparency regarding fees and available programs to identify the lender that best suits your needs.
Lender Credit Score Minimums in Kansas
Credit scores Play a vital role in determining your eligibility for a mortgage. Different lenders have varying Credit score requirements, so it's essential to be aware of the minimum Credit score needed for approval.
Current Mortgage Rates in Kansas
Mortgage rates are influenced by Market conditions, Credit scores, and loan types. While specific rates may vary, tracking current Market trends can help you estimate your potential mortgage rate.
Average Days to Close on a Loan
The closing process entails various steps, including documentation verification, Payments, and proof of insurance. Understanding the average timeline to close on a loan can help you prepare for this final stage in the home buying process.
