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Burlington, IN

The Best Mortgage Lenders in Burlington, IN

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

3
Top Lenders
4.8
Avg Rating
750+
Reviews
8
Loan Types

Available Loan Programs in Burlington

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-time Homebuyer
Construction

Featured Mortgage Lenders

1

Financial Plus Credit Union

Financial Plus Federal Credit Union

★★★★☆
4.8/5

Financial Plus Credit Union is a highly-rated regional financial institution serving the Burlington area with exceptional mortgage services. As a member-owned credit union, they offer competitive rates and personalized service that consistently earns top customer satisfaction ratings. Their mortgage team provides comprehensive guidance through the entire home buying process, with special expertise in first-time homebuyer programs and government-backed loans. With deep roots in central Indiana since 1939, they understand local market conditions and offer flexible underwriting that benefits borrowers in the Burlington region.

Experience:85 years
Reviews:150 customer reviews
1701 E Lincoln Rd, Kokomo, IN 46902

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceFirst-time Homebuyer
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2

The Ruoff Mortgage Team

Ruoff Mortgage

★★★★☆
4.9/5

Ruoff Mortgage is one of Indiana's most respected and highest-rated mortgage lenders, serving the entire state including Burlington. With over six decades of experience, they've built an outstanding reputation for competitive rates, transparent processes, and exceptional customer service. Their dedicated mortgage specialists provide personalized attention throughout the loan process, with particularly strong expertise in VA loans and first-time homebuyer programs. Ruoff consistently receives top marks for their streamlined digital application process and local underwriting team that understands Indiana's unique housing markets.

Experience:65 years
Reviews:400 customer reviews
620 Wabash Ave, Fort Wayne, IN 46802

Loan Types:

ConventionalFHAVAUSDAConstructionRefinanceJumbo
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3

Ruoff Mortgage - Westfield

Ruoff Mortgage

★★★★☆
4.8/5

This Westfield branch of Ruoff Mortgage provides excellent service to the Burlington area with their comprehensive mortgage solutions and local expertise. As one of Indiana's largest independent mortgage lenders, they offer the advantage of local decision-making combined with extensive product options. Their team is particularly noted for handling complex financing scenarios and providing educational resources for homebuyers. With multiple offices across Indiana, they maintain strong community connections while offering competitive rates that often beat national lenders. Their commitment to customer satisfaction is reflected in their consistently high ratings and numerous industry awards.

Experience:65 years
Reviews:200 customer reviews
17530 Dartown Rd, Westfield, IN 46074

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Burlington, IN

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

Mortgage rates in Burlington typically align with national averages but can be slightly lower due to the area's rural designation and stable housing market. As of late 2023, 30-year fixed rates in the Kokomo/Burlington area often range between 6.5% and 7.25%, but you should check with local lenders like Horizon Bank or First Farmers Bank for the most current Burlington-specific rates and any special promotions.

Are there any first-time homebuyer programs specifically available in Burlington?

Yes, Burlington homebuyers can access the Indiana Housing and Community Development Authority's (IHCDA) programs, including the Next Home program which offers down payment assistance and competitive interest rates. Additionally, some local credit unions like Financial Center First may offer special first-time buyer loans with flexible credit requirements tailored to Howard County residents.

How does Burlington's rural location affect mortgage lending options?

Burlington's rural designation makes many properties eligible for USDA loans, which offer 100% financing with no down payment requirement. This is particularly beneficial given Burlington's agricultural surroundings and can make homeownership more accessible than in urban areas. Local lenders are well-versed in USDA requirements for this area.

What unique closing costs should Burlington homebuyers expect?

Beyond standard closing costs, Burlington homebuyers should budget for Howard County-specific fees including transfer taxes, title insurance rates that reflect local practices, and potentially well/septic inspections given the rural nature of many properties. Total closing costs typically range from 2-5% of the home's purchase price in the Burlington area.

How competitive is the Burlington mortgage market for investment properties?

While Burlington's rental market serves nearby Kokomo commuters, investment property lending remains conservative with most local lenders requiring 20-25% down payments and higher interest rates. However, several regional banks offer portfolio loans for local investment properties, particularly for single-family homes that appeal to Purdue Polytechnic Institute or Subaru plant employees.

Mortgage Insights

Finding Your Perfect Mortgage Partner in Burlington, IN

Searching for "mortgage loan companies near me" is one of the most crucial steps in your Burlington homebuying journey. It’s not just about finding a lender; it’s about finding a local financial guide who understands our unique market. In a community like Burlington, where you might be considering a historic home near the square, a newer build on the outskirts, or a property with some acreage, your mortgage needs are personal. A local lender gets that.

Why Local Expertise Matters in Burlington

The Boone County housing market has its own rhythm. A lender based in Indianapolis or online might not grasp the subtle value differences between neighborhoods or how the appeal of a quieter, small-town lifestyle impacts property values. Local mortgage professionals often have established relationships with Burlington and Boone County realtors, appraisers, and title companies. This network can streamline your closing process, helping you navigate timelines and potential hurdles more smoothly than a disconnected, national call center ever could. They can look at a property’s address and immediately understand its context.

Your Actionable Plan for Finding a Lender

Start by asking your realtor for recommendations—they see which lenders consistently deliver on time and communicate well. Then, make a shortlist of two or three local options. Don’t just compare interest rates; compare the whole package. Schedule brief consultations and ask pointed questions: "How familiar are you with lending in Boone County?" "What first-time homebuyer programs do you recommend?" "What is your typical timeline to close in this area?" Pay attention to who listens and explains things clearly. This person will be your point of contact for weeks, so trust your gut on the relationship.

Exploring Indiana-Specific Opportunities

As an Indiana homebuyer, you have access to fantastic state-sponsored programs that a knowledgeable local lender can help you unlock. The Indiana Housing and Community Development Authority (IHCDA) offers programs like the Next Home program, which provides competitive 30-year fixed-rate mortgages, often with down payment assistance. For our teachers, police officers, firefighters, and healthcare workers, the Indiana Home program offers similar benefits. These programs have income and purchase price limits, but for many buyers in the Burlington area, they can be a game-changer, making homeownership significantly more affordable. A local mortgage company will be well-versed in these options and can quickly tell you if you qualify.

Your path to a home in Burlington starts with the right local mortgage partner. By choosing someone who knows our market, values personal service, and can navigate Indiana’s special programs, you’re not just getting a loan—you’re gaining a trusted advisor for one of life’s biggest investments. Take the time to find that right fit, and you’ll be one step closer to calling Burlington home.

Nearby Cities

Explore mortgage lenders in cities near Burlington, IN

Why Choose a Mortgage Lender in Burlington?

Local Market Knowledge

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