The Best Mortgage Lenders in Florence, IN
Compare verified mortgage lenders serving Florence, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Florence
Featured Mortgage Lenders
Guardian Savings Bank
Guardian Savings Bank
Guardian Savings Bank is a highly-rated regional lender with a strong presence in the Florence, IN area, known for its personalized service, competitive mortgage rates, and deep community involvement. Founded in 2008, it has built a reputation for reliability and customer satisfaction, offering a wide range of loan products tailored to local homebuyers' needs. With hundreds of positive reviews highlighting its efficient processes and knowledgeable staff, it stands out as a top choice for mortgages in the region.
Loan Types:
New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with excellent ratings and a proven track record of serving the Florence, IN market. Founded in 2003, it excels in providing innovative loan solutions, competitive rates, and outstanding customer service, as evidenced by its high review counts and industry accolades. The company is praised for its diverse loan options and commitment to helping borrowers achieve homeownership efficiently.
Loan Types:
Movement Mortgage
Movement Mortgage
Movement Mortgage is a top-rated lender known for its rapid closing times and community-focused approach, with a strong presence in Indiana, including Florence. Established in 2008, it has garnered hundreds of positive reviews for its customer-centric service, competitive rates, and reliability. The company's dedication to local engagement and streamlined mortgage processes makes it a preferred choice for homebuyers seeking a smooth and efficient experience.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Florence, IN
What are the current average mortgage rates for homebuyers in Florence, IN?
Mortgage rates in Florence typically align with national averages but can vary based on local lenders like Your Hometown Bank or Heritage Bank. As of recent data, 30-year fixed rates in the area generally range from 6.5% to 7%, but it's best to get personalized quotes from multiple local lenders since they may offer competitive terms specific to Boone County's stable housing market.
Are there any first-time homebuyer programs available specifically in Florence, IN?
Yes, Florence 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 credit unions may provide special first-time buyer loans with lower down payment requirements tailored to Boone County residents.
How does Florence's proximity to Cincinnati affect mortgage lending and housing costs?
Florence's location in the Cincinnati metro area means lenders often consider the regional economic strength when underwriting loans, which can be favorable for borrowers. However, housing costs are generally more affordable than in Cincinnati proper, with median home prices around $250,000-$300,000, making mortgages more accessible while still offering easy access to urban amenities.
What unique closing costs should I expect when getting a mortgage in Florence, IN?
Beyond standard fees, Florence homebuyers should budget for Indiana-specific costs like mortgage recording tax (approximately $0.55 per $500 of loan value) and title insurance rates that are regulated by the state. Boone County also has specific transfer taxes and recording fees that typically add 1-2% to the total closing costs compared to other regions.
How do local property taxes in Florence impact mortgage qualification and payments?
Boone County property taxes are relatively moderate for Indiana, currently around 0.85-1.1% of assessed value. Lenders will include these taxes in your debt-to-income ratio calculation, and since Florence taxes are generally lower than nearby Hamilton County, OH, this can help borrowers qualify for slightly higher loan amounts while keeping escrow payments manageable.
Why Choose a Mortgage Lender in Florence?
Local Market Knowledge
Lenders who understand Florence'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 Florence and get competitive rates on your home loan.