The Best Mortgage Lenders in Greentown, IN
Compare verified mortgage lenders serving Greentown, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Greentown
Featured Mortgage Lenders
Mortgage Department
First Farmers Bank & Trust
First Farmers Bank & Trust is a highly-rated community bank with deep roots in central Indiana, serving Greentown and surrounding areas for over 135 years. They maintain exceptional 4.8-star ratings across multiple review platforms for their personalized mortgage services and local underwriting decisions. As a community bank, they offer competitive rates and work directly with borrowers throughout the entire loan process. Their mortgage team has extensive experience with first-time homebuyer programs, agricultural properties, and construction loans, making them particularly well-suited for the Greentown market.
Loan Types:
Mortgage Services
Ruoff Mortgage
Ruoff Mortgage is an Indiana-based mortgage lender with legendary status across the state, maintaining near-perfect 4.9-star ratings from thousands of satisfied customers. Founded in Fort Wayne, they serve the entire state including Greentown with their "Yes We Can" approach to mortgage lending. They're particularly renowned for their fast closing times, competitive rates, and exceptional customer service. With over 60 years of experience, they've helped countless Indiana families achieve homeownership through their comprehensive loan programs and dedicated local loan officers who understand the Greentown market.
Loan Types:
Mortgage Center
Teachers Credit Union
Teachers Credit Union is one of Indiana's largest and most trusted credit unions with a strong presence throughout central Indiana, including service to Greentown residents. With over 85 years of experience, TCU maintains excellent 4.7-star ratings for their mortgage services and member-focused approach. They offer competitive rates and fees to members, along with personalized guidance through the entire home buying process. Their local Kokomo branch provides convenient access for Greentown homebuyers, and they're particularly strong with first-time homebuyer programs and member education.
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Frequently Asked Questions
Common questions about mortgage lending in Greentown, IN
What are the current average mortgage rates for homebuyers in Greentown, IN?
Mortgage rates in Greentown typically align with national averages but can be influenced by local lender competition. As of late 2023, you might find 30-year fixed rates around 6.5-7% in the Greentown area. It's best to check with local lenders like First Farmers Bank & Trust or Horizon Bank for their current offerings, as they often have competitive rates for Howard County residents.
Are there any first-time homebuyer programs specifically available in Greentown?
Yes, Greentown homebuyers can access Indiana's Housing and Community Development Authority (IHCDA) programs like the Next Home and My Home programs, which offer down payment assistance and favorable terms. Additionally, some local lenders may offer special first-time buyer programs with reduced fees or lower down payment requirements specifically for Howard County residents purchasing in Greentown.
How does Greentown's rural location affect mortgage lending requirements?
Greentown's rural character can work to your advantage with USDA loans, which offer 100% financing for eligible properties in designated rural areas. However, some lenders may require additional documentation for properties with well and septic systems, which are common in Greentown. It's important to work with lenders experienced with rural property financing in Howard County.
What should I know about property taxes when getting a mortgage in Greentown?
Howard County property taxes in Greentown typically range from 0.8% to 1.2% of assessed value, which is relatively moderate for Indiana. Your lender will factor these taxes into your monthly mortgage payment through an escrow account. Be sure to ask about Indiana's homestead deduction and other property tax exemptions that could lower your monthly payment burden.
Are there any local down payment assistance programs for Greentown homebuyers?
While Greentown itself doesn't offer municipal down payment programs, Howard County occasionally has housing initiatives, and the IHCDA's programs are widely accessible. Some local employers like Chrysler and Haynes International may offer employer-assisted housing programs. Additionally, several Greentown-area credit unions offer special mortgage products with lower down payment requirements for their members.
Why Choose a Mortgage Lender in Greentown?
Local Market Knowledge
Lenders who understand Greentown'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 Greentown and get competitive rates on your home loan.