The Best Mortgage Lenders in Andrews, IN
Compare verified mortgage lenders serving Andrews, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Andrews
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in Indiana, serving Andrews and surrounding areas. Known for its digital-first approach and competitive rates, it has earned high customer satisfaction for its efficient online application process and personalized service. With numerous awards for innovation and service, it offers a wide range of loan products and has local offices in Fort Wayne, ensuring accessible support for homebuyers in the region.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly regarded lender with a focus on community engagement and customer service, serving Andrews and broader Indiana markets. It stands out for its fast closing times and commitment to local relationships, with loan officers dedicated to guiding clients through the mortgage process. The company has a reputation for transparency and competitive pricing, backed by strong reviews for its responsive support and variety of loan options tailored to individual needs.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a premier lender with a robust regional presence in Indiana, including service to Andrews. It is celebrated for its exceptional customer service, low rates, and extensive loan programs, often earning top rankings in customer satisfaction surveys. With a network of local loan officers, Fairway provides personalized attention and expertise, making it a trusted choice for homebuyers seeking reliable and flexible mortgage solutions in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Andrews, IN
What are the current mortgage rates like in Andrews, IN?
Mortgage rates in Andrews typically align with national averages, but local lenders may offer competitive rates due to the area's lower cost of living. As of late 2024, you can expect conventional 30-year fixed rates around 6.5-7% in Andrews, though rates vary by lender, credit score, and loan type. It's best to compare offers from both local banks and credit unions in nearby communities like Huntington.
Are there any first-time homebuyer programs specific to Andrews?
While Andrews itself doesn't offer city-specific programs, homebuyers can access statewide Indiana programs like the Indiana Housing and Community Development Authority's (IHCDA) Next Home program, which provides down payment assistance. Huntington County also offers some resources, and local lenders are familiar with these programs that can be used for Andrews properties.
How does Andrews' rural location affect the mortgage process?
Andrews' rural character means some lenders may require additional property inspections for wells and septic systems, which are common in the area. USDA loans are particularly relevant here since Huntington County qualifies for USDA rural housing programs, offering 100% financing options that are ideal for Andrews' market.
What types of properties are most common in Andrews' mortgage market?
Andrews features primarily single-family homes, many older properties built before 1980, and some manufactured homes. This affects mortgage options as some lenders have specific requirements for older homes and manufactured housing. FHA loans are popular here as they accommodate both property types with reasonable down payments.
How long does the mortgage approval process typically take in Andrews?
The mortgage process in Andrews generally takes 30-45 days, similar to national timelines. However, being a smaller community can sometimes streamline certain aspects like property appraisals since appraisers familiar with the local market are readily available. Working with local lenders who understand Andrews' specific market conditions can help ensure a smooth timeline.
Why Choose a Mortgage Lender in Andrews?
Local Market Knowledge
Lenders who understand Andrews'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 Indiana.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Andrews and get competitive rates on your home loan.