The Best Mortgage Lenders in Peck, ID
Compare verified mortgage lenders serving Peck, Idaho. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Peck
Featured Mortgage Lenders
SELCO Community Credit Union
SELCO Community Credit Union
SELCO Community Credit Union is one of the highest-rated mortgage lenders serving the Peck area through their nearby Lewiston branch. With over 85 years of financial service experience in the region, they offer personalized mortgage solutions with competitive rates. Their strong local presence and community-focused approach make them a top choice for rural Idaho home financing. They specialize in USDA loans which are particularly beneficial for properties in rural areas like Peck, and their mortgage advisors have extensive knowledge of the local real estate market.
Loan Types:
Pioneer Credit Union
Pioneer Federal Credit Union
Pioneer Federal Credit Union has been serving the Lewis-Clark Valley region for over 70 years and is well-established in providing mortgage services to rural communities like Peck. They offer competitive rates and flexible terms with a strong emphasis on personalized service. Their mortgage team has deep knowledge of the local market conditions in Nez Perce County and surrounding areas. Customers consistently praise their responsive service, transparent process, and ability to handle complex rural property financing scenarios effectively.
Loan Types:
Guild Mortgage
Guild Mortgage Company
Guild Mortgage maintains a strong local presence in the Lewiston area with dedicated loan officers who regularly serve clients in rural communities like Peck. As a national lender with deep local roots, they combine the resources of a large mortgage company with personalized service. They are particularly noted for their expertise in government-backed loans including USDA rural development loans, which are ideal for the Peck area. Their streamlined digital process combined with local underwriting expertise makes them a reliable choice for Idaho homebuyers seeking competitive rates and efficient service.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Peck, ID
What are the current mortgage rates like for homes in Peck, Idaho?
Mortgage rates in Peck are generally competitive with national averages, but can be slightly influenced by the rural nature of the area and property types. It's wise to compare rates from both local Idaho lenders and larger national institutions, as local lenders may have more familiarity with properties in Gem County. Rates for rural properties can sometimes vary from those for standard suburban homes.
Are there any first-time homebuyer programs available specifically for Peck residents?
Yes, the Idaho Housing and Finance Association (IHFA) offers several first-time homebuyer programs, such as the First Loan and Second Loan programs, which are accessible to Peck residents. These programs can provide competitive interest rates, down payment assistance, and tax credits, which are particularly helpful in a lower-cost market like Peck. A local mortgage lender can help you determine your eligibility for these state-wide programs.
How does the rural location of Peck, ID affect the mortgage process?
Peck's rural designation can impact the mortgage process, as some lenders may require additional property inspections or have specific requirements for well and septic systems, which are common in the area. Additionally, you may qualify for a USDA loan, which offers 100% financing and is designed for rural areas like Peck, making homeownership more accessible with no down payment.
What types of properties are common in Peck, and how does that influence loan options?
Peck features a mix of single-family homes, manufactured homes, and land parcels. For traditional site-built homes, conventional and FHA loans are common. If you're considering a manufactured home, you'll need to ensure it meets FHA or VA requirements (if applicable), such as being on a permanent foundation. For vacant land or rural acreage, financing options may be more limited and could require a specialized land loan or a construction-to-permanent loan.
Are property taxes in Peck, Idaho a significant factor in my mortgage payment?
Property taxes in Gem County, where Peck is located, are relatively low compared to national averages, which can help keep your total monthly mortgage payment affordable. However, it's important to get an accurate estimate of property taxes for your specific home, as they will be included in your escrow payment. Your lender can help you calculate this based on the home's assessed value and current county tax rates.
Why Choose a Mortgage Lender in Peck?
Local Market Knowledge
Lenders who understand Peck'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 Peck and get competitive rates on your home loan.