The Best Mortgage Lenders in Felt, ID
Compare verified mortgage lenders serving Felt, Idaho. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Felt
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is highly rated for its exceptional customer service, competitive rates, and deep local expertise in Idaho markets. With over 27 years in business, they specialize in a wide range of loan products, including USDA loans ideal for rural areas like Felt. Their Idaho Falls office serves Teton County with personalized attention, strong community ties, and a reputation for smooth, efficient closings. Customers consistently praise their responsiveness and ability to handle unique financing needs in Idaho's rural communities.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national lender with a strong local presence in eastern Idaho, serving Felt and surrounding areas. Founded in 2000, they are known for their innovative online tools, fast loan processing, and competitive rates. With 23 years of experience, they offer a comprehensive suite of loan options, including specialized programs for rural properties. Their Idaho Falls-based loan officers provide personalized service, and high customer satisfaction scores reflect their reliability and expertise in navigating Idaho's mortgage landscape.
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New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender with a focus on community lending and diverse loan programs, making them an excellent choice for serving Felt, Idaho. With 20 years of experience, they offer competitive rates and specialize in loans suited for rural areas, including USDA and FHA options. Their Idaho Falls office provides local support with a commitment to customer education and satisfaction. Reviews highlight their responsiveness, flexibility, and strong performance in helping borrowers in Idaho's unique market conditions.
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Frequently Asked Questions
Common questions about mortgage lending in Felt, ID
What are the current mortgage rates like in Felt, Idaho, and how do they compare to the national average?
Mortgage rates in Felt, ID, are generally very competitive and often slightly below the national average due to the area's rural nature and stable housing market. As of late 2023, rates for a 30-year fixed mortgage in Felt typically range from 6.5% to 7%, but it's best to check with local lenders like those in nearby Driggs or Rexburg for the most current quotes. Local credit unions often offer particularly favorable terms for residents in Teton County.
Are there any special mortgage programs for first-time homebuyers in Felt?
Yes, Idaho Housing and Finance Association (IHFA) offers several first-time homebuyer programs that are accessible to Felt residents, including down payment assistance and competitive rate loans. Additionally, because Felt is located in a rural area, you may qualify for USDA loans which require no down payment. These programs can be particularly beneficial given Felt's modest inventory and the need for financial help to enter the market.
How does Felt's rural location impact my mortgage options and process?
Felt's rural designation opens up valuable opportunities like USDA loans, which offer 100% financing with no down payment—a significant advantage. However, you may find fewer local lender branches, so be prepared to work with lenders in nearby towns like Driggs or Victor, or use online lenders familiar with Idaho's rural markets. Appraisals might also take slightly longer due to the need for appraisers to travel from larger areas.
What should I know about property taxes and insurance when getting a mortgage in Felt?
Property taxes in Felt and Teton County are relatively moderate compared to more urban Idaho areas, which can help with overall mortgage affordability. However, you should budget for higher homeowners insurance premiums due to Felt's exposure to weather risks like heavy snowfall and potential wildfire zones in surrounding areas. Your lender will help you estimate these costs to ensure your total monthly payment is manageable.
Are there any local or state programs for energy-efficient homes in Felt?
Yes, the IHFA sometimes offers incentives for energy-efficient upgrades through programs like the Energy Loan Program, which can be bundled into your mortgage. Given Felt's cold winters, investing in energy-efficient features can also lower your long-term costs, and some local lenders may provide guidance on financing these improvements. Be sure to ask your mortgage advisor about "green" loan add-ons or rebates available in Idaho.
Why Choose a Mortgage Lender in Felt?
Local Market Knowledge
Lenders who understand Felt'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 Idaho.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Felt and get competitive rates on your home loan.