The Best Mortgage Lenders in Cross Plains, IN
Compare verified mortgage lenders serving Cross Plains, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cross Plains
Featured Mortgage Lenders
Jim Weiler
Union Savings Bank
Union Savings Bank is a highly-rated community bank with deep roots in southeastern Indiana, serving Cross Plains and surrounding areas for over a century. They consistently receive excellent customer reviews for their personalized service, competitive rates, and local decision-making. As a community bank with mortgage experts like Jim Weiler, they offer the advantage of working with lenders who understand the local Cross Plains real estate market and can provide customized mortgage solutions with quick turnaround times. Their long-standing presence in the region ensures they have strong relationships with local real estate professionals and thorough knowledge of area property values.
Loan Types:
Mike Gunter
MainSource Bank (now part of First Financial Bank)
MainSource Bank, now operating as First Financial Bank, has been serving the Cross Plains area through their Versailles location for decades. They maintain a 4.7-star rating with numerous positive reviews highlighting their responsive service and competitive mortgage products. Mortgage specialist Mike Gunter brings two decades of experience helping Cross Plains residents with home purchases and refinancing. Their local presence ensures personalized attention while offering the resources of a larger regional financial institution. Customers consistently praise their straightforward process, transparency about costs, and ability to close loans efficiently.
Loan Types:
Mortgage Department
Fifth Third Bank
Fifth Third Bank maintains a strong presence throughout Indiana, including the Cross Plains region, with dedicated mortgage specialists who serve the area directly. With a 4.6-star rating from hundreds of reviews, they're recognized for their competitive rates, diverse loan programs, and professional service. Their experienced mortgage team understands the unique aspects of rural Indiana properties and can navigate both conventional and government-backed loans effectively. Fifth Third offers the advantage of a national bank's resources combined with local market knowledge, providing Cross Plains residents with comprehensive mortgage solutions and reliable customer support throughout the loan process.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Cross Plains, IN
What are typical mortgage rates for homebuyers in Cross Plains, IN?
Mortgage rates in Cross Plains are generally competitive with national averages, but can be influenced by local lender competition and property types common in rural Ripley County. As of late 2023, rates for 30-year fixed mortgages typically range from 6.5% to 7.5%, though individual qualifications and property characteristics can affect your specific rate. Working with local lenders familiar with Cross Plains properties often yields the most favorable terms.
Are there any first-time homebuyer programs specifically available in Cross Plains?
Yes, Cross Plains 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 rates. Additionally, some local lenders in Ripley County may offer special programs for first-time buyers purchasing in Cross Plains. These programs are particularly valuable given the area's affordable housing prices compared to larger Indiana cities.
How does Cross Plains' rural location affect the mortgage process?
Cross Plains' rural setting can impact appraisals since comparable properties may be limited, potentially requiring appraisers to look at nearby towns like Versailles or Milan. Some lenders may have specific requirements for rural properties, particularly regarding well and septic systems common in the area. Working with lenders experienced in Ripley County rural properties can help streamline this process.
What types of properties are most common for mortgage financing in Cross Plains?
Most mortgage financing in Cross Plains involves single-family homes on larger lots, often with acreage, and manufactured homes on permanent foundations. Traditional rural properties and older homes are common, which may require additional inspections for FHA or VA loans. Conventional loans are frequently used due to the variety of property types and ages found throughout the community.
Are property taxes in Cross Plains typically included in mortgage escrow accounts?
Yes, most lenders will include Ripley County property taxes in your escrow account, with Cross Plains properties generally having moderate tax rates compared to urban areas. Ripley County's property tax rates typically range from 0.8% to 1.2% of assessed value, which lenders will factor into your monthly payment calculation. This helps ensure taxes are paid on time to the county treasurer.
Nearby Cities
Explore mortgage lenders in cities near Cross Plains, IN
Why Choose a Mortgage Lender in Cross Plains?
Local Market Knowledge
Lenders who understand Cross Plains'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 Cross Plains and get competitive rates on your home loan.