The Best Mortgage Lenders in Lewiston, ID
Compare verified mortgage lenders serving Lewiston, Idaho. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lewiston
Featured Mortgage Lenders
Inland Northwest Bank
Inland Northwest Bank
Inland Northwest Bank is a highly-rated regional bank with a strong presence in the Lewiston area, known for its personalized service and community-focused approach. Founded in 1995, it has built a reputation for competitive mortgage rates, flexible loan options, and exceptional customer satisfaction. With nearly three decades of experience, INB offers a wide range of mortgage products and has local loan officers dedicated to serving North Idaho and Eastern Washington, making it a top choice for homebuyers in Lewiston seeking reliable and responsive lending services.
Loan Types:
New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with a strong track record of serving Idaho, including Lewiston. Founded in 2003, it boasts high customer ratings for its competitive rates, efficient online application process, and dedicated support for diverse loan types. With 20 years of experience, NAF is praised for its commitment to homeownership accessibility, including programs for first-time buyers and underserved communities. Its extensive review count and consistent high marks make it a trusted option for Lewiston residents seeking a seamless mortgage experience.
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Movement Mortgage
Movement Mortgage
Movement Mortgage is a reputable national lender with a significant presence in the Lewiston market, known for its fast closings and excellent customer service. Founded in 2008, it has quickly grown to become a top-rated choice due to its innovative technology, competitive rates, and wide array of loan products. With 15 years of experience, Movement emphasizes community engagement and personalized support, with loan officers available to assist clients in Lewiston. Its high review count and strong ratings reflect a commitment to reliability and customer satisfaction in the mortgage industry.
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Frequently Asked Questions
Common questions about mortgage lending in Lewiston, ID
What are the current mortgage rates like in Lewiston, Idaho?
Mortgage rates in Lewiston typically align with national averages but can be slightly lower due to the area's stable housing market and lower cost of living. As of recent trends, 30-year fixed rates in Lewiston generally range from 6.5% to 7.25%, but it's best to check with local lenders for real-time quotes as rates fluctuate daily based on market conditions.
Are there any first-time homebuyer programs specific to Lewiston?
Yes, the Idaho Housing and Finance Association offers several first-time homebuyer programs accessible to Lewiston residents, including down payment assistance and competitive interest rate loans. Additionally, some local credit unions like Lewis Clark Credit Union may offer special programs with lower down payment requirements or closing cost assistance tailored to the local market.
How does Lewiston's proximity to the Snake and Clearwater Rivers affect mortgage lending?
Properties in flood zones near the rivers may require additional flood insurance, which lenders will mandate as a condition for your mortgage. Before approving your loan, lenders will typically require a flood certification, and you should budget for this additional insurance cost, which can range from $500-$2,000 annually depending on the property's flood risk level.
What unique closing costs should I expect when getting a mortgage in Lewiston?
Beyond standard closing costs, Lewiston homebuyers should anticipate local transfer taxes, title insurance specific to Nez Perce County, and potential agricultural disclosure fees if the property is near farmland. Closing costs in Lewiston typically range from 2-5% of the home's purchase price, with title and escrow fees being the most significant local components.
How competitive is the Lewiston housing market for mortgage approval?
Lewiston's market is moderately competitive with median home prices around $350,000, making it more accessible than many Idaho markets. However, you'll want to get pre-approved with a local lender who understands the market dynamics, as this strengthens your offer in competitive situations, particularly for well-priced homes in desirable neighborhoods like Normal Hill or Bryden Canyon.
Why Choose a Mortgage Lender in Lewiston?
Local Market Knowledge
Lenders who understand Lewiston'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 Lewiston and get competitive rates on your home loan.