New Century Bank

New Century Bank was founded on Christian principles and was chartered in 1905 in Munden Kansas. The bank would eventually move a century later to Belleville and expand business operations in 2015, with operations opening in Manhattan, Kansas.

How Does New Century Bank’s Pole Barn Financing Process Work?

New Century Bank prides itself on being a specialist in the post and beam barn and post frame building industry. The lender offers mortgage and lease options to help the fast-growing post and beam industry offer the best solutions for their consumers.

Borrowers can apply for a loan using the online form found here.

The lender will finance residential buildings with a lot of key benefits:

  • 10% down payment options, not including closing costs
  • Fixed-rate mortgages
  • Clients are allowed to do part or all of their own work as a general contractor
  • Properties can have 5 to 160 acres; land equity is the same as cash
  • All expenses in the construction process can be rolled into the loan
  • Short-term loan options available for building and land

The financing application is about five pages long and will require a lot of standard information to be provided:

  • Property data
  • Personal data
  • Employment history
  • Assets
  • Declaration
  • Information for government monitoring purposes
  • E-sign disclosure and consent
  • Borrow certification
  • Borrower authorization to release information

One application will be used for the pre-qualification request as well as the home construction request.

New Century Bank Service Area

New Century Bank provides their services at two main locations:

  • 1211 28th Street Belleville, KS 66935
  • 2815 Anderson Avenue Manhattan, KS 66502

The lender does not list a specific service area, so anyone is free to apply for a loan. Rates and terms are often superior to other lenders due to the offering more of a traditional mortgage option for pole barn constructions rather than a high-rate, short-term financing option.

Post & Beam Homes Finance Rates and Terms

  • 30-year fixed rate mortgages; conventional rates
  • Down payment can be as low as 10%, not including closing
  • Land equity can be used for the loan’s down payment

Advantages of Using New Century Bank for Your Pole Barn

New Century Bank has a long reputation for offering lending that is fair, consistent and meets the needs of today’s growing markets. The advantages of working with New Century Bank are:

  • Multiple lending options
  • Conventional rate mortgages
  • Lower costs and only 10% down payment required
  • Land can be used as equity to cover down payment and closing costs
  • Lender that has been in business for over 100 years

Visit for more information.