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Centerville, IN

The Best Mortgage Lenders in Centerville, IN

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

3
Top Lenders
4.8
Avg Rating
310+
Reviews
9
Loan Types

Available Loan Programs in Centerville

Conventional
FHA
VA
USDA
Jumbo
Refinance
Home Equity
Construction Loans
First-Time Homebuyer Programs

Featured Mortgage Lenders

1

First Bank Richmond

First Bank Richmond

★★★★☆
4.8/5

First Bank Richmond is a locally-owned community bank with a dedicated branch in Centerville, offering personalized mortgage services since 1994. Highly rated for its competitive rates, exceptional customer service, and deep community involvement, it provides a wide range of loan options with a focus on first-time homebuyers and refinancing. Their long-standing reputation and local expertise make them a top choice for Centerville residents.

Experience:29 years
Reviews:130 customer reviews
101 W. Main St, Centerville, IN 47330

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceHome Equity
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2

Guardian Savings Bank

Guardian Savings Bank

★★★★☆
4.6/5

Guardian Savings Bank has served the Richmond area since 1999, extending its services to Centerville with a strong regional presence. Known for competitive mortgage rates, flexible loan programs, and high customer satisfaction, they specialize in both purchase and refinance loans. Their commitment to community banking and efficient processing has earned them excellent reviews and trust among homebuyers in Eastern Indiana.

Experience:24 years
Reviews:95 customer reviews
3725 National Road East, Richmond, IN 47374

Loan Types:

ConventionalFHAVARefinanceConstruction LoansHome Equity
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3

The Mortgage Experts

The Mortgage Experts

★★★★☆
4.9/5

The Mortgage Experts is a highly-rated mortgage brokerage based in Richmond, serving Centerville and surrounding communities since 2005. With a focus on personalized service and competitive rates, they excel in guiding clients through the mortgage process, particularly for first-time buyers and refinancing. Their outstanding customer reviews highlight responsiveness, expertise, and a seamless experience, making them a reliable option for local home financing.

Experience:18 years
Reviews:85 customer reviews
3725 National Road East, Richmond, IN 47374

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceFirst-Time Homebuyer Programs
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Frequently Asked Questions

Common questions about mortgage lending in Centerville, IN

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

Mortgage rates in Centerville typically align with national averages but can vary slightly based on local lender competition. As of recent data, 30-year fixed rates in the Centerville area generally range from 6.5% to 7.2%, while 15-year fixed rates range from 5.8% to 6.5%. It's recommended to compare rates from local lenders like First Bank Richmond and Mutual Savings Bank, as they often offer competitive terms for Centerville residents.

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

Yes, Centerville homebuyers can access Indiana's statewide programs like the Indiana Housing and Community Development Authority's (IHCDA) Next Home program, which offers down payment assistance and competitive interest rates. Additionally, some local lenders may offer special first-time buyer programs with lower down payment requirements. These programs are particularly valuable in Centerville's affordable housing market where median home prices remain below state averages.

How does Centerville's property tax system affect my mortgage payments?

Wayne County, where Centerville is located, has property tax rates that typically range from 0.85% to 1.2% of assessed value. Your mortgage lender will include these taxes in your monthly escrow payment, so it's important to factor this into your budget. Centerville's stable tax rates and moderate home values generally result in manageable property tax burdens compared to larger Indiana cities.

What types of homes in Centerville typically qualify for USDA rural housing loans?

Most of Centerville qualifies for USDA rural development loans due to its population size and location. These zero-down-payment loans are available for single-family homes in Centerville and surrounding areas, making homeownership more accessible. The program is particularly beneficial given Centerville's mix of historic homes and newer constructions that meet USDA property requirements.

How competitive is the mortgage lending environment among Centerville lenders?

Centerville benefits from having several community banks and credit unions that compete actively for mortgage business, often resulting in more personalized service and competitive rates. Local institutions like First Bank Richmond and Wayne Bank frequently offer special promotions and may be more flexible with credit requirements than larger national lenders. This competitive environment works to the advantage of Centerville homebuyers seeking favorable mortgage terms.

Mortgage Insights

Finding Your Perfect Mortgage Match in Centerville, Indiana

Searching for the "best mortgage broker near me" is more than just finding a local office; it's about finding a financial guide who understands the unique heartbeat of the Centerville community. As a charming town in Wayne County, our housing market offers a blend of historic homes, newer subdivisions, and rural properties, each with its own financing nuances. The right broker doesn't just process paperwork—they help you navigate this specific landscape to unlock the door to your ideal home.

In Centerville, a great mortgage broker brings local market intelligence to the table. They understand that property values can vary significantly between a meticulously maintained Victorian near the downtown square and a newer build on the outskirts. This knowledge is crucial for appraisals and ensuring your loan aligns with true local worth. They’re also your best resource for understanding the timelines and common contingencies in our area, helping you craft a competitive and realistic offer in a market that can move quickly on well-priced homes.

Your search should focus on brokers with deep Indiana expertise. Specifically, ask any prospective broker about their experience with the Indiana Housing and Community Development Authority (IHCDA) programs. These state-specific offerings, like the Next Home and My Home programs, provide down payment assistance, competitive interest rates, and tax credits specifically for Indiana residents. A top-tier Centerville broker will know if you qualify for these and can seamlessly integrate them with your loan, potentially saving you thousands. This local program knowledge is what separates a good broker from the best one for you.

For actionable advice, start your search with a focus on relationships, not just rates. Ask for referrals from your local real estate agent, who works with these professionals daily. When you interview brokers, go beyond the quoted interest rate. Ask them: "Can you share an example of how you helped a buyer with a similar financial profile secure a home in Centerville?" and "How familiar are you with the specific neighborhoods I'm targeting?" Listen for their understanding of rural vs. in-town financing, well and septic considerations for county properties, and how property taxes in Wayne County impact your overall payment.

The best mortgage broker for your Centerville home purchase will feel like a trusted neighbor who also happens to be a finance expert. They will translate the complexities of mortgages into a clear, achievable path, using tools and programs tailored for Hoosiers. By choosing a professional grounded in our community, you gain more than a loan officer—you gain a partner invested in helping you plant roots right here in Centerville.

Nearby Cities

Explore mortgage lenders in cities near Centerville, IN

Why Choose a Mortgage Lender in Centerville?

Local Market Knowledge

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