The Best Mortgage Lenders in Elizabethtown, IN
Compare verified mortgage lenders serving Elizabethtown, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Elizabethtown
Featured Mortgage Lenders
Centra Credit Union Mortgage Team
Centra Credit Union
Centra Credit Union stands out as one of southern Indiana's most trusted mortgage lenders with deep roots in the community. While headquartered in Columbus, they actively serve Elizabethtown and surrounding Bartholomew County areas. Their mortgage team receives exceptional praise for personalized service, competitive rates, and guiding first-time homebuyers through the entire process. With 80+ years of financial service experience, they offer the stability of a large institution while maintaining local decision-making and community-focused service.
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Mike Dinwiddie
First Financial Bank Mortgage
First Financial Bank has been serving southern Indiana communities for over 150 years and maintains a strong presence in the Elizabethtown area. Their mortgage division, led by experienced professionals like Mike Dinwiddie, receives consistent high marks for responsive communication and streamlined loan processing. Customers particularly appreciate their local underwriting capabilities and competitive construction loan programs, which are valuable in rural areas like Elizabethtown. The bank's longstanding community commitment ensures personalized service with local decision-making.
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Scott Stultz
Ruoff Mortgage
Ruoff Mortgage has built an exceptional reputation across central and southern Indiana as a premier mortgage lender. While based in Fort Wayne with offices throughout Indiana, they actively serve Elizabethtown and surrounding communities. Their Martinsville office provides convenient local access with the backing of one of Indiana's largest independent mortgage companies. Ruoff receives outstanding reviews for their efficient processing, competitive rates, and expert guidance through complex loan scenarios. Their 60+ years of specialized mortgage experience makes them particularly skilled at navigating rural property financing and first-time buyer programs.
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Frequently Asked Questions
Common questions about mortgage lending in Elizabethtown, IN
What are the current average mortgage rates for homebuyers in Elizabethtown, IN?
Current mortgage rates in Elizabethtown typically range from 6.5% to 7.5% for 30-year fixed loans, depending on credit score and loan type. Local lenders often offer competitive rates compared to national averages due to Elizabethtown's stable housing market. It's best to check with local credit unions like Heritage Federal Credit Union for the most current rates.
Are there any first-time homebuyer programs specifically available in Elizabethtown?
Yes, Elizabethtown homebuyers can access Indiana's Housing and Community Development Authority (IHCDA) programs, including the Next Home and My Home programs. These offer down payment assistance and favorable interest rates for qualifying buyers. Local lenders familiar with these programs can help navigate the application process specific to Bartholomew County requirements.
How does Elizabethtown's rural location affect mortgage lending options?
Elizabethtown's rural setting makes USDA loans an excellent option for many buyers, offering 100% financing with no down payment required. Many properties in the area qualify for USDA rural development loans due to the town's population size and location. Local mortgage brokers are experienced with these rural-specific loan products.
What should I know about property taxes when getting a mortgage in Elizabethtown?
Bartholomew County property taxes average approximately 0.87% of assessed value, which lenders factor into your debt-to-income ratio. Elizabethtown's property taxes are generally lower than larger Indiana cities, making homeownership more affordable. Your lender will include estimated taxes and insurance in your monthly payment through an escrow account.
Are there local lenders in Elizabethtown who understand the specific market conditions?
Yes, several local lenders and credit unions serve Elizabethtown specifically, including Heritage Federal Credit Union and local branches of Jackson County Bank. These institutions understand the local market dynamics, including typical home values ranging from $150,000 to $300,000, and can provide personalized service for Elizabethtown homebuyers.
Why Choose a Mortgage Lender in Elizabethtown?
Local Market Knowledge
Lenders who understand Elizabethtown'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 Elizabethtown and get competitive rates on your home loan.