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Ashley, IN

The Best Mortgage Lenders in Ashley, IN

Compare verified mortgage lenders serving Ashley, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
475+
Reviews
10
Loan Types

Available Loan Programs in Ashley

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
First-time Homebuyer
First Mortgage
Home Equity

Featured Mortgage Lenders

1

Farmers State Bank Mortgage Team

Farmers State Bank

★★★★☆
4.8/5

Farmers State Bank has been serving the Ashley community for over 120 years, making them the most established local mortgage lender in the area. They maintain exceptional 4.8-star ratings across multiple review platforms due to their personalized service, deep understanding of local property markets, and competitive rate offerings. As a community bank, they offer the advantage of local underwriting and decision-making, often providing more flexible solutions than larger institutions. Their mortgage team has extensive experience with rural properties, agricultural lending, and first-time homebuyer programs specific to Indiana.

Experience:25 years
Reviews:85 customer reviews
109 E Main St, Ashley, IN 46705

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

Horizon Bank Mortgage Division

Horizon Bank

★★★★☆
4.6/5

Horizon Bank is a well-established regional bank with strong presence throughout northeast Indiana, including dedicated service to Ashley residents. With over 150 years in banking, they bring substantial mortgage expertise and financial stability. Their 4.6-star rating reflects consistent customer satisfaction with their mortgage process, particularly noted for clear communication and competitive rates. They offer specialized first-time homebuyer programs and have extensive experience with rural property financing. The Fort Wayne location provides convenient access for Ashley residents while maintaining local market knowledge.

Experience:20 years
Reviews:210 customer reviews
100 E Dupont Rd, Fort Wayne, IN 46825

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerConstructionRefinance
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3

Three Rivers Federal Credit Union Mortgage Department

Three Rivers Federal Credit Union

★★★★☆
4.7/5

Three Rivers Federal Credit Union serves members throughout northeast Indiana, including Ashley residents, and maintains excellent 4.7-star ratings for their mortgage services. As a not-for-profit financial cooperative, they often offer more competitive rates and lower fees than traditional banks. Their mortgage team is particularly praised for educational approach with first-time homebuyers and streamlined digital application process. With deep roots in the community since 1935, they understand local housing markets and offer personalized service. They provide special member benefits including rate discounts and flexible underwriting for credit union members.

Experience:15 years
Reviews:180 customer reviews
2222 Lake Ave, Fort Wayne, IN 46805

Loan Types:

ConventionalFHAVAUSDAFirst MortgageHome EquityRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Ashley, IN

What are the current average mortgage rates for homebuyers in Ashley, IN?

Mortgage rates in Ashley typically align with national averages but can be slightly lower due to the area's rural classification and lower cost of living. As of recent data, 30-year fixed rates generally range from 6.5% to 7%, but it's essential to check with local lenders like those in nearby Auburn or Kendallville for the most accurate, personalized rates based on your credit profile and loan type.

Are there any first-time homebuyer programs specific to Ashley or DeKalb County?

Yes, the Indiana Housing and Community Development Authority (IHCDA) offers programs like the Next Home and My Home mortgages, which provide down payment assistance and competitive interest rates for eligible buyers in Ashley. Additionally, some local lenders may offer special first-time buyer incentives, so it's worth consulting with a mortgage advisor familiar with DeKalb County's housing market.

How does Ashley's rural location affect mortgage lending and property eligibility?

Ashley's rural setting may qualify certain properties for USDA loans, which offer 100% financing with no down payment for eligible borrowers and homes in designated rural areas. This can be a significant advantage, but it's important to verify property eligibility through the USDA eligibility map and work with a lender experienced in rural Indiana mortgages to navigate specific requirements.

What should I know about property taxes in Ashley when applying for a mortgage?

Property taxes in Ashley and DeKalb County are relatively moderate compared to urban areas in Indiana, currently averaging around 0.85% to 1.1% of assessed home value. Lenders will include these taxes in your monthly mortgage payment via an escrow account, so it's crucial to factor this into your budget and confirm the exact tax rate for the specific property you're considering.

Are there local down payment assistance programs available for Ashley homebuyers?

While Ashley itself doesn't have city-specific programs, DeKalb County and the state of Indiana offer down payment assistance through IHCDA, such as the First Home program, which provides up to 3.5% in down payment help for qualified buyers. Partnering with a local lender who understands these regional resources can help you access the best assistance options for your situation.

Nearby Cities

Explore mortgage lenders in cities near Ashley, IN

Why Choose a Mortgage Lender in Ashley?

Local Market Knowledge

Lenders who understand Ashley'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 Ashley and get competitive rates on your home loan.