The Best Mortgage Lenders in Francisco, IN
Compare verified mortgage lenders serving Francisco, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Francisco
Featured Mortgage Lenders
Old National Bank Mortgage
Old National Bank
Old National Bank stands as one of the most established and highly-rated regional mortgage lenders serving Francisco and surrounding Gibson County. With deep roots in Southern Indiana dating back nearly 200 years, they offer exceptional local knowledge and personalized service. Their mortgage team provides competitive rates on a full range of loan products, and their physical branch presence in nearby Evansville ensures convenient in-person service. Customers consistently praise their responsive loan officers, streamlined application process, and commitment to community lending throughout the tri-state area.
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Evansville Teachers Federal Credit Union Mortgage
Evansville Teachers Federal Credit Union
ETFCU has been serving Southern Indiana residents including Francisco for decades with exceptional mortgage services and member-focused lending. As a not-for-profit credit union, they typically offer lower rates and fewer fees than traditional banks. Their mortgage specialists provide personalized guidance through every step of the home buying process, with particular expertise in first-time homebuyer programs and government-backed loans. Members consistently rate them highly for their transparent pricing, educational approach, and commitment to finding the right mortgage solution for each borrower's unique situation.
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Ruoff Mortgage
Ruoff Mortgage Company
Ruoff Mortgage has built an outstanding reputation as one of Indiana's top-rated mortgage lenders, serving clients statewide including Francisco and Gibson County. While headquartered in Fort Wayne, they have a strong presence throughout Indiana with dedicated loan officers who provide exceptional service via digital platforms and in-person consultations. They're particularly noted for their competitive rates, efficient closing processes, and extensive experience with rural property financing—making them an excellent choice for Francisco area homebuyers. Their numerous 5-star reviews highlight their responsiveness, expertise with various loan types, and ability to close loans quickly and smoothly.
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Frequently Asked Questions
Common questions about mortgage lending in Francisco, IN
What are the current mortgage rates like in Francisco, Indiana?
Mortgage rates in Francisco typically align with national averages but can be slightly lower due to the area's rural nature and lower cost of living. As of recent trends, 30-year fixed rates generally range from 6.5% to 7.25%, but working with a local lender who understands Gibson County's market can help you secure competitive terms. Rates can vary based on credit score, loan type, and down payment amount.
Are there any first-time homebuyer programs specific to Francisco or Gibson County?
Yes, the Indiana Housing and Community Development Authority (IHCDA) offers programs like the Next Home and My Home programs, which provide down payment assistance and competitive interest rates for first-time buyers in Francisco. These programs are particularly valuable in Gibson County where median home prices are below state averages, making homeownership more accessible with as little as 3% down payment.
How does Francisco's rural location affect mortgage lending requirements?
Francisco's rural designation may qualify you for USDA loans, which offer 100% financing with no down payment required. Lenders may also consider alternative credit histories, which benefits buyers in this agricultural community. However, appraisals might take longer due to fewer comparable properties, so factor in extra time during your home buying process.
What types of properties are most common in Francisco's mortgage market?
Francisco's mortgage market primarily consists of single-family homes, many with larger lots typical of rural communities, and manufactured homes on owned land. Traditional mortgages work for standard homes, while manufactured homes may require specialized loans. Farmettes and properties with acreage are common but may require different underwriting considerations than urban properties.
Are property taxes in Francisco, IN factored into mortgage calculations differently?
Gibson County property taxes are relatively low compared to urban Indiana areas, typically ranging from 0.75% to 1.2% of assessed value. Lenders will include these taxes in your monthly escrow payments, but the lower rates mean your overall mortgage payment may be more affordable than in higher-tax counties. Always verify current tax rates with the Gibson County Assessor's office.
Nearby Cities
Explore mortgage lenders in cities near Francisco, IN
Why Choose a Mortgage Lender in Francisco?
Local Market Knowledge
Lenders who understand Francisco'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 Francisco and get competitive rates on your home loan.