The Best Mortgage Lenders in Highland, IN
Compare verified mortgage lenders serving Highland, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Highland
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in the Northwest Indiana region, including Highland. Known for its innovative digital platform and competitive rates, the company has built a reputation for excellent customer service and fast loan processing. With over two decades of experience, they offer a wide range of loan products and have consistently high customer satisfaction ratings, making them a reliable choice for homebuyers in the area.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly reputable lender serving Highland and surrounding areas with a focus on personalized service and competitive loan options. Founded in 1996, they have a long track record of reliability and community involvement. Customers praise their responsive loan officers and efficient closing processes, supported by numerous positive reviews highlighting their expertise in various mortgage types and dedication to client satisfaction.
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New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with a strong commitment to serving diverse communities, including Highland, Indiana. With over 20 years in business, they are known for their competitive rates, flexible loan programs, and exceptional customer support. They have received high marks for their efforts in promoting homeownership through educational resources and tailored solutions, backed by a substantial number of positive customer reviews attesting to their reliability and service quality.
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Frequently Asked Questions
Common questions about mortgage lending in Highland, IN
What are the current mortgage rates like for homebuyers in Highland, IN?
Mortgage rates in Highland typically align with national averages but can be influenced by local market competition. Currently, rates for a 30-year fixed mortgage in Northwest Indiana range from the mid-6% to low-7% range, though this varies by lender, credit score, and loan type. It's advisable to compare rates from both local Indiana credit unions and national lenders for the best deal.
Are there any first-time homebuyer programs specifically available in Highland?
Yes, first-time homebuyers in Highland can utilize the Indiana Housing and Community Development Authority's (IHCDA) programs, such as the Next Home program, which offers competitive interest rates and down payment assistance. These programs are available statewide and can be a significant advantage in Highland's market. You must work with an IHCDA-approved lender and meet income and purchase price limits.
How does Highland's property tax rate affect my mortgage payment?
Lake County, where Highland is located, has some of the highest property tax rates in Indiana, which significantly impacts your monthly mortgage payment if escrowed. The effective tax rate in Highland is approximately 1.8% to 2.2% of the home's assessed value. When getting pre-approved, ensure your lender accurately estimates these taxes to avoid payment shock.
What type of home loans are most common for Highland's housing market?
Given Highland's mix of older, established homes and newer constructions, conventional loans are very common. However, for many of the town's homes built before 1978, FHA 203(k) renovation loans are also popular, allowing buyers to finance both the purchase and repairs. VA loans are also frequently used due to the proximity to military facilities like the Gary Army Aviation Support Facility.
Does Highland have any local down payment assistance programs?
While Highland itself does not offer a city-specific program, homebuyers can access the Lake County Community Economic Development Department's down payment assistance program, which provides grants to eligible buyers. Additionally, statewide programs from the IHCDA are widely used by Highland residents. Your mortgage lender can help you identify all local and state resources for which you qualify.
Nearby Cities
Explore mortgage lenders in cities near Highland, IN
Why Choose a Mortgage Lender in Highland?
Local Market Knowledge
Lenders who understand Highland'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 Highland and get competitive rates on your home loan.