The Best Mortgage Lenders in Mays, IN
Compare verified mortgage lenders serving Mays, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Mays
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With over 28 years in business, they have a strong presence in Indiana and specialize in a wide range of loan products, including government-backed options. Their high rating and substantial review count reflect consistent customer satisfaction, personalized service, and efficient loan processing, making them a reliable choice for homebuyers in Mays and surrounding areas.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly reputable national mortgage lender with a strong local presence in Indiana. Founded in 2000, they offer innovative digital tools and competitive rates, earning a 4.7 rating from hundreds of reviews. Their expertise includes a variety of loan types, and they are known for fast closings and excellent customer support. Serving Mays and the broader region, they provide reliable and transparent mortgage solutions.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a well-regarded lender with a focus on community engagement and customer satisfaction. Founded in 2008, they have built a strong reputation for their efficient loan processing and supportive approach, particularly for first-time homebuyers. With a 4.6 rating and nearly 200 reviews, they offer competitive rates and a variety of loan options, ensuring reliable service for residents in Mays and nearby communities.
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Frequently Asked Questions
Common questions about mortgage lending in Mays, IN
What are the current average mortgage rates for homebuyers in Mays, IN?
Mortgage rates in Mays typically align with national averages but can vary slightly based on local lenders. As of 2024, you can expect conventional 30-year fixed rates around 6.5-7% in the Mays area. It's best to check with local credit unions like First Financial Bank or Community First Bank of Indiana for their current offerings, as they often have competitive rates for rural Indiana homebuyers.
Are there any first-time homebuyer programs specifically available in Mays, IN?
Yes, Mays homebuyers can access Indiana's Housing and Community Development Authority (IHCDA) programs, including the Next Home and My Home mortgages. These programs offer down payment assistance, lower interest rates, and tax credits specifically for Indiana residents. Additionally, some local lenders may offer special programs for first-time buyers in Rush County.
How does Mays' rural location affect the mortgage approval process?
Mays' rural classification can impact lending through USDA Rural Development loans, which are widely available here and offer 100% financing with no down payment. However, some conventional lenders may require additional property inspections or have stricter appraisal requirements due to the rural nature of the area and comparable property availability.
What types of properties are most common for mortgage lending in Mays?
Most mortgage lending in Mays involves single-family homes on larger lots, manufactured homes on permanent foundations, and agricultural properties. Lenders in this area are experienced with rural property types, but you may find more stringent requirements for older farmhouses or properties with acreage beyond typical residential lots.
Are there local property tax considerations I should know about when getting a mortgage in Mays?
Rush County property taxes in Mays are relatively affordable compared to urban Indiana areas, typically ranging from 0.8% to 1.2% of assessed value. Your mortgage lender will factor in these taxes when calculating your monthly payment, and you may qualify for Indiana's homestead tax deduction, which can significantly reduce your property tax burden.
Why Choose a Mortgage Lender in Mays?
Local Market Knowledge
Lenders who understand Mays'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 Mays and get competitive rates on your home loan.