The Best Mortgage Lenders in Fulton, IN
Compare verified mortgage lenders serving Fulton, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fulton
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is highly regarded for its exceptional customer service, competitive rates, and extensive loan options. With over 28 years in the industry, they have built a strong reputation in Indiana for personalized mortgage solutions and efficient processing. Their local presence in Fort Wayne ensures dedicated support for Fulton residents, backed by numerous positive reviews highlighting transparency and reliability.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated digital mortgage lender known for its innovative technology, fast closings, and competitive rates. With 24 years of experience, they offer a seamless online application process combined with local expertise from their Indianapolis office. They serve the Fulton area with a wide range of loan products and have consistently high customer satisfaction ratings for their responsiveness and professional service.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage stands out for its community-focused approach and personalized customer service. With 16 years in business, they provide a variety of mortgage options and are known for their commitment to local involvement in Indiana. Their Fort Wayne office serves Fulton residents with efficiency and care, earning high marks for customer support and flexible lending solutions.
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Frequently Asked Questions
Common questions about mortgage lending in Fulton, IN
What are the current average mortgage rates for homebuyers in Fulton, IN?
Mortgage rates in Fulton typically align with national averages but can vary based on local lender competition and individual borrower qualifications. As of recent data, 30-year fixed rates in this area generally range from 6.5% to 7.25%, though it's best to check with local Fulton lenders like First Federal Savings Bank or Lake City Bank for the most current rates specific to your situation.
Are there any first-time homebuyer programs specifically available in Fulton, IN?
Yes, Fulton 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 programs for first-time buyers in Fulton County, so it's worth asking about community-specific options when you shop for mortgages.
How does Fulton's rural location affect mortgage lending and property requirements?
Fulton's rural character means some properties may require well and septic inspections, which can affect loan approval timelines. USDA loans are particularly relevant here since Fulton County qualifies for USDA rural development loans, offering 100% financing options for eligible borrowers in non-urban areas, making homeownership more accessible without a large down payment.
What types of properties are most common in Fulton's mortgage market?
Fulton's mortgage market primarily consists of single-family homes, many of which are older properties with historic character, along with some newer construction on the outskirts. You'll find that appraisal processes often need to account for the mix of agricultural surroundings and residential areas, which can influence property valuations and ultimately loan amounts.
Are property taxes in Fulton, IN typically included in mortgage escrow accounts?
Yes, most lenders in Fulton include property taxes in escrow accounts as part of your monthly mortgage payment. Fulton County property taxes are generally lower than state averages, currently around 0.85% of assessed value, which helps keep overall housing costs manageable. Your lender will calculate these payments based on the specific property's tax assessment.
Why Choose a Mortgage Lender in Fulton?
Local Market Knowledge
Lenders who understand Fulton'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 Fulton and get competitive rates on your home loan.