Editorial Note: The editorial content on this page is not provided or commissioned by any financial institution. Any opinions, analyses, reviews, statements or recommendations expressed in this article are those of the author alone, and may not have been reviewed, approved or otherwise endorsed by any of these entities prior to publication.
|Recommended For||Lender||Min. Credit Score||Highlights|
|First-Time Home Buyers||Capitol Federal Savings Bank||620|
|Online Loans||Guaranteed Rate||620|
|Poor Credit||Fairway Independent Mortgage Corporation||580|
Finding the best mortgage lender in Kansas means finding the right mix of low APRs, timely loan processing and knowledgeable customer service. Read our lender reviews to find out more about our top picks in the Sunflower State.
Best Mortgage Lender for First-Time Home Buyers: Capitol Federal Savings Bank
Capitol Federal Savings Bank was our top pick for first-time home buyers in Kansas. Not only does it offer some of the lowest conventional mortgage rates around, but it also boasts the second largest branch network in the state, making it easy to access whether you live near Shawnee or Dodge City.
|Good For …||Bad For …|
Capitol Federal Savings Bank has everything you need as a first-time homebuyer, from ease-of-access to competitive rates. The lender boasts the second largest branch network in Kansas, and the rates on its 30- and 15-year conventional mortgage loans are some of the lowest on the market. Capitol Federal is the most popular mortgage lender in Kansas for good reason, having sold over 18,000 residential mortgage loans over the past five years.
Capital Federal is also a Kansas Housing Resources Corporation-approved lender, which allows it to offer you first-time homebuyer assistance, drastically reducing your closing costs. If eligible, you can qualify for a loan of up to 20% of your home’s purchase price, which is forgiven over time. This makes it an excellent choice if you’re a couple that’s looking to settle down and make the jump from renting to owning.
Best Mortgage Lender for Refinancing: Quicken Loans
Quicken Loans is our top choice for refinancing existing home loans, thanks to its rock-bottom refinancing rates. It's seen the fastest growth in refinancing loans among Kansas' top mortgage companies.
|Good For …||Bad For …|
If you’re worried about working with an online lender, you can relax, as Quicken snagged J.D. Power's highest rating in customer satisfaction for eight years in a row. Over the past five years, Quicken Loans increased its volume of refinancing loans by over 22% in Kansas, thanks to its competitive rates and lightning-fast closing process. With over 7,400 refinances closed since 2013, Quicken is king in Kansas.
Many borrowers found that Quicken closed loans over a week earlier than some of its brick-and-mortar competitors, thanks to its streamlined electronic underwriting process. Customer reviews reported that the lender’s experienced loan officers kept them up-to-date every step of the way. If you’re someone who wants to get your refinancing done quickly and efficiently, it’s worth checking with Quicken for a rate quote.
Best Online Mortgage Lender: Guaranteed Rate
We picked Guaranteed Rate as our best online mortgage lender for its intuitive web interface and outstanding reputation for customer service. The lender also maintains a branch in Overland Park if you want to apply in person, but the entire process can be completed online.
|Good For …||Bad For …|
If you’re looking for a reputable online lender, look no further, as Guaranteed Rate achieved top marks in customer satisfaction in a 2017 study conducted by J.D. Power. Whereas most brick-and-mortar lenders might take days to review your application, Guaranteed Rate cuts that time down to minutes. With its pioneering Digital Mortgage, you’ll be able to complete your application and get approved in minutes, all within the comforts of your own home.
If you’re a tech-savvy shopper, you’ll find that Guaranteed Rate’s Loan Finder interface is head and shoulders above its competitors. You can review and compare multiple loans and terms simultaneously, while adjusting your settings on the fly. This beats having to wait for a loan officer to refresh your rates while comparison shopping. If you have excellent credit and a low debt-to-income ratio, you can find some of the lowest rates in Kansas by applying with Guaranteed Rate.
Best Mortgage Lender for VA Loans: USAA
USAA is our No. 1 lender for veterans and active-duty military personnel in Kansas, due to its low down-payment requirements and strong military focus. It's also the most popular VA lender in Kansas, making it a solid choice if you’re stationed near Fort Riley.
|Good For …||Bad For …|
If you’re a veteran or current servicemember, you’ll feel right at home with USAA, as the lender has been serving military personnel and their families since 1922. USAA underwrote over 1,900 VA loans in Kansas over the past five years, making it the most popular VA lender in the state. It also managed to achieve one of J.D. Power’s highest ratings for customer satisfaction.
Most borrowers find USAA's VA rates to be on the lower end of the spectrum when compared to most major banks. A lot of the lender's value comes from using multiple USAA products in tandem, as the lender offers cash-back rewards of up to $24,000 if you buy a home using its real estate network. It’s also an excellent choice if you’re looking to simplify your finances and keep everything in one place, as USAA provides attractive banking and insurance services as well.
Best Mortgage Lender for Poor Credit: Fairway Independent Mortgage Corporation
Fairway Independent is our top lender for low-to-moderate-income borrowers and applicants with bad credit. The lender has branches strewn across Northeastern Kansas, in Topeka, Manhattan, Lawrence and much of Kansas City.
|Good For …||Bad For …|
Fairway Independent has seen its market share grow steadily over the past five years and is currently the fastest growing FHA lender in Kansas, having grown its volume of originations by 33% over that period. If you’re having trouble qualifying for a mortgage, due to bad credit or low-income, it might be worth applying for an FHA loan with Fairway Independent; FHA loans are low down-payment, reduced credit requirement mortgages sponsored by the Federal Housing Administration. In some cases, you might be able to obtain an FHA mortgage with a down payment of as low as 3.5% and a credit score of 580.
While the lender doesn't make its rates publicly available on its website, applicants will typically find average FHA rates to be close to or slightly below conventional mortgage rates. Your monthly payments will be higher due to PMI requirements on FHA loans, but it'll be easier to qualify for than a conventional mortgage. For rural and veteran home buyers, Fairway Independent also offers USDA and VA loans, which allow for low or no down payment.
Most Popular Home Loan Companies in Kansas
Home buyers shopping for mortgages in Kansas should review quotes from at least three lenders to get a sense of where average mortgage rates are. We've included the five most popular mortgage lenders in Kansas below, based on the number of residential home loans originated over the past five years.
Top 5 Biggest Kansas Residential Mortgage Lenders, 2013–2019
|Rank||Company||Mortgage originations||Average mortgage amount|
|1||Capitol Federal Savings Bank||18,437||$165,198|
|4||Community America Credit Union||9,755||$162,389|
When comparing lenders, it's a good idea to compare each company's record for customer service in addition to its rates. Things like accessibility and complaints should be factored in when getting pre-approved with multiple lenders.
How We Chose the Best Mortgage Lenders in Kansas
We reviewed each lender's unique terms and conditions when choosing the best lenders. We found that lenders who offered the same interest rates often ended up thousands of dollars apart after factoring in fees. As a result, in addition to interest rates, we chose to weigh the following categories:
- Total cost: interest rates and fees
- Product: terms, loan types and specialty
- Servicing: transparency, complaint rates and branch network
We chose to highlight any terms a lender offered that weren't common. For example, while almost every mortgage lender offers conventional fixed-rate home loans, a smaller minority focuses on unique financing programs like those offered by the USDA or State Financing Authorities. We honed in on these offerings when available.
We checked complaints logged through the Consumer Financial Protection Bureau to forecast the likelihood of issues arising during the origination and servicing process. Lenders who logged sizable numbers of complaints were penalized relative to lenders who registered minor infractions. We also assessed the accessibility of each lender in addition to the user interface of its online platform.
Mortgage Brokers Near Me in Kansas
Mortgage brokers can compare loans from multiple lenders on your behalf and can be a useful guide for first-time home buyers and anyone who has trouble qualifying for a mortgage on their own. With any luck, a mortgage broker can find the home loan that's right for you, and at the best rates on the market. Use the table below to find a licensed mortgage broker near you.
|Focus Lending Solutions||12022 Blue Valley Pkwy, Overland Park, KS 66213||(913) 210-0775|
|Churchill Mortgage||2300 Main St ste 900, Kansas City, MO 64108||(913) 214-4477|
|Finance of America Mortgage||11300 Tomahawk Creek Parkway, Leawood, KS 66211||(215) 591-0222|
|First Assured Mortgage||4830 Bob Billings Pkwy #100a, Lawrence, KS 66049||(785) 856-5626|
|First Equity Mortgage Services, Inc.||10011 W 21st St, Wichita, KS 67205||(316) 721-7744|
|Elite Mortgage Group, LLC||7301 Mission Rd suite 254b, Prairie Village, KS 66208||(816) 875-0074|
|Caffrey & Co LLC||11225 College Blvd #125, Overland Park, KS 66210||(913) 402-7077|
|Tallgrass Financial LLC||305 N Cedar St, Abilene, KS 67410||(785) 200-6960|