The Best Mortgage Lenders in Lewisville, IN
Compare verified mortgage lenders serving Lewisville, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lewisville
Featured Mortgage Lenders
Bill York
Union Savings Bank
Union Savings Bank is a highly-rated community bank with deep roots in Henry County and surrounding areas, including Lewisville. With over 135 years of service, they offer personalized mortgage solutions with local decision-making. Their mortgage team, led by experienced lenders like Bill York, receives exceptional reviews for their responsive service, competitive rates, and guidance through the entire home financing process. As a local institution, they understand the Lewisville area market and provide flexible loan options with the personal touch of a community bank.
Loan Types:
Mortgage Department
C.U. Mortgage Services
C.U. Mortgage Services is a credit union service organization that serves multiple states including Indiana, with strong presence in the eastern Indiana region. They receive outstanding customer reviews for their competitive rates, transparent process, and exceptional customer service. As a credit union-affiliated lender, they offer member-focused pricing and various special loan programs. They have extensive experience serving homebuyers in rural communities like Lewisville and are known for their educational approach, helping borrowers understand all available options.
Loan Types:
Local Mortgage Team
Ruoff Mortgage
Ruoff Mortgage is an Indiana-based mortgage lender with a stellar reputation across the state, including service to Lewisville and surrounding communities. With over 65 years in business, they've built an exceptional track record for customer satisfaction, competitive rates, and efficient loan processing. They receive consistently high marks for their local expertise, responsive communication, and ability to close loans on time. As one of Indiana's largest independent mortgage companies, they combine the resources of a major lender with the personalized service of a local company, making them an excellent choice for Lewisville homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Lewisville, IN
What are the current average mortgage rates in Lewisville, IN, and how do they compare to the state average?
Mortgage rates in Lewisville typically align closely with Indiana's state average, often slightly lower due to the town's rural nature and lower cost of living. As of late 2023, 30-year fixed rates in the area generally range from 6.5% to 7.25%, but these fluctuate frequently. Working with a local lender who understands Lewisville's market can help you secure the most competitive rate available.
Are there any first-time homebuyer programs specifically available for Lewisville residents?
Yes, Lewisville homebuyers can access Indiana's statewide programs like the Next Home and My Home programs, which offer down payment assistance and competitive interest rates. While Lewisville itself doesn't offer city-specific programs, Henry County residents may qualify for additional rural development loans through USDA programs, which are particularly relevant given Lewisville's location.
How does Lewisville's rural location affect my mortgage options?
Lewisville's rural designation makes many properties eligible for USDA loans, which offer 100% financing with no down payment requirement. This is a significant advantage for buyers with limited savings. Additionally, properties may qualify for rural housing programs through the Indiana Housing and Community Development Authority, providing additional financing options not available in urban areas.
What unique closing costs should I expect when buying a home in Lewisville?
In addition to standard closing costs, Lewisville homebuyers should budget for specific items like well and septic inspections, which are common given the rural nature of many properties. You may also encounter costs related to agricultural land assessments if the property includes acreage. Local lenders familiar with Henry County requirements can provide accurate estimates of these specialized costs.
How do property taxes in Lewisville compare to surrounding areas, and how do they affect mortgage payments?
Lewisville's property taxes are generally lower than many parts of Indiana, with Henry County's rates typically ranging from 0.8% to 1.2% of assessed value. This lower tax burden can significantly reduce your monthly mortgage payment compared to buying in higher-tax counties. Your lender will include these taxes in your escrow calculations, making Lewisville an affordable option for long-term homeownership.
Why Choose a Mortgage Lender in Lewisville?
Local Market Knowledge
Lenders who understand Lewisville'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 Lewisville and get competitive rates on your home loan.