The Best Mortgage Lenders in Lewis, IN
Compare verified mortgage lenders serving Lewis, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lewis
Featured Mortgage Lenders
New American Funding
New American Funding, LLC
New American Funding is a top-rated mortgage lender known for its exceptional customer service and competitive rates, serving Lewis, IN, and surrounding areas. With over 20 years of experience, they specialize in a wide range of loan products, including government-backed and jumbo loans, and have a strong reputation for helping diverse borrowers, including first-time homebuyers. Their high ratings and substantial review count reflect consistent customer satisfaction, and they offer personalized support through local agents and online tools, making them a reliable choice for Indiana residents.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly regarded lender with a strong presence in Indiana, offering efficient and transparent mortgage services to clients in Lewis, IN. Founded in 2008, they have built a reputation for fast closings, competitive rates, and excellent customer care, with a focus on community engagement. Their loan options cater to various needs, including VA and USDA loans, and they provide dedicated local support. With hundreds of positive reviews, Movement Mortgage is praised for its reliability and hassle-free process, making it a top pick for homebuyers in the region.
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Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a trusted national lender with a solid track record in serving Indiana communities, including Lewis, IN. Established in 2008, they offer a comprehensive suite of mortgage products with a focus on flexibility and customer-centric solutions, such as streamlined refinancing and investment loans. Their high rating and review count underscore their commitment to quality service and competitive pricing. Caliber's local presence in Indianapolis ensures accessible support for borrowers, backed by years of industry expertise and a reputation for closing loans efficiently and reliably.
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Frequently Asked Questions
Common questions about mortgage lending in Lewis, IN
What are the current mortgage rates like in Lewis, IN?
Mortgage rates in Lewis are generally competitive with national averages, but local lenders may offer slightly different terms based on the rural nature of the area. As of recent trends, 30-year fixed rates typically range from 6.5% to 7.25%, but it's best to check with local banks and credit unions like First Federal Savings Bank of Lewis for the most current offerings. Your specific rate will depend on credit score, loan amount, and down payment.
Are there any first-time homebuyer programs specific to Lewis, IN?
Yes, Lewis 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 rates. Additionally, some local lenders may have special programs for first-time buyers in Lewis's rural market. These programs can help with lower down payments and closing cost assistance, making homeownership more accessible.
How does Lewis's rural location affect the mortgage process?
Lewis's rural setting can impact appraisals, as comparable home sales may be limited, potentially requiring appraisers to look at properties in broader surrounding areas like Benton County. Some lenders might have specific requirements for rural properties, such as well and septic inspections. However, USDA loans are particularly advantageous here, offering 100% financing for eligible buyers in designated rural areas.
What types of properties are common in Lewis, and how does that influence mortgage options?
Lewis features many single-family homes, farms, and rural properties, which can qualify for various loan types including conventional, FHA, and USDA loans. USDA loans are popular due to Lewis's eligibility for rural development loans, which require no down payment. It's important to discuss property type with your lender, as acreage or unique land features might affect loan approval and terms.
Are property taxes in Lewis, IN favorable for homeowners seeking a mortgage?
Yes, Lewis has relatively low property tax rates compared to urban areas in Indiana, which can make monthly mortgage payments more affordable. Current rates are around 0.85% to 1.1% of assessed value, depending on the specific township. Lenders will factor these taxes into your debt-to-income ratio, so lower taxes can help you qualify for a higher loan amount.
Why Choose a Mortgage Lender in Lewis?
Local Market Knowledge
Lenders who understand Lewis'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 Lewis and get competitive rates on your home loan.