The Best Mortgage Lenders in Hudson, IN
Compare verified mortgage lenders serving Hudson, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hudson
Featured Mortgage Lenders
Ryan Schuman
Ruoff Mortgage
Ruoff Mortgage is one of Indiana's most highly-rated mortgage lenders with a strong presence throughout northeastern Indiana. Founded by former NFL player Geoff Ruoff, the company has built an exceptional reputation for competitive rates and outstanding customer service. Their local expertise in the Hudson area market, combined with their comprehensive digital mortgage platform, makes them a top choice for homebuyers. They consistently receive high marks for their streamlined process, transparent communication, and personalized approach to each client's unique financial situation.
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Mike Foster
Three Rivers Federal Credit Union Mortgage
Three Rivers Federal Credit Union has been serving the northeastern Indiana community for decades, including the Hudson area. As a member-owned financial cooperative, they offer highly competitive mortgage rates and personalized service. Their mortgage team specializes in helping first-time homebuyers navigate the process while offering a full range of loan products. Members consistently praise their local decision-making, flexible underwriting, and commitment to finding the right mortgage solution for each borrower's needs.
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Chris Houser
Lake City Bank Mortgage
Lake City Bank has been serving Indiana communities for over 150 years and maintains a strong presence in the Hudson area through their regional banking network. Their mortgage division combines local expertise with the stability of a well-established financial institution. They offer competitive rates and a wide variety of mortgage products, with particular strength in construction and lot loans for rural properties. Customers appreciate their personalized service, local underwriting decisions, and the convenience of having both banking and mortgage services in one trusted institution.
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Frequently Asked Questions
Common questions about mortgage lending in Hudson, IN
What are the current average mortgage rates for homebuyers in Hudson, IN?
Mortgage rates in Hudson typically align with national averages but can be slightly lower due to the area's rural nature and stable housing market. As of late 2024, 30-year fixed rates in the Hudson area generally range from 6.5% to 7.25%, depending on credit score and loan type. Local lenders like First Federal Savings Bank or 3Rivers Federal Credit Union often offer competitive rates specifically for Hudson residents.
Are there any first-time homebuyer programs specifically available in Hudson, IN?
Yes, Hudson 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 favorable interest rates. Some local lenders may also have special programs for first-time buyers in Steuben County. These programs are particularly valuable in Hudson's affordable market where median home prices remain below state averages.
How does Hudson's rural location affect the mortgage process compared to larger Indiana cities?
Hudson's rural classification can impact appraisals since comparable home sales may be limited, potentially requiring appraisers to look at properties in nearby towns like Angola. Some national lenders might have stricter requirements for rural properties, so working with local lenders familiar with Steuben County's market is advantageous. USDA loans are also popular in Hudson due to its rural designation.
What types of properties in Hudson might qualify for USDA rural housing loans?
Most properties within Hudson's town limits and surrounding areas qualify for USDA loans since Steuben County is designated as rural by the USDA. This includes single-family homes, townhomes, and approved condos that meet USDA property standards. These zero-down-payment loans are particularly attractive given Hudson's affordable housing stock and make homeownership accessible for moderate-income buyers.
Are property taxes in Hudson, IN typically escrowed in mortgage payments?
Yes, most lenders in Hudson require escrow accounts for property taxes and homeowners insurance, given Steuben County's specific tax structure. Hudson's property tax rates are generally competitive with surrounding areas, currently around 0.85% to 1.1% of assessed value. Lenders typically calculate these payments based on the previous year's tax bills and adjust annually as needed.
Why Choose a Mortgage Lender in Hudson?
Local Market Knowledge
Lenders who understand Hudson'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 Hudson and get competitive rates on your home loan.