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Rome, IN

The Best Mortgage Lenders in Rome, IN

Compare verified mortgage lenders serving Rome, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
360+
Reviews
11
Loan Types

Available Loan Programs in Rome

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
First-Time Homebuyer
Home Equity
Construction-to-Permanent
Lot Loans

Featured Mortgage Lenders

1

Ryan R. Kincaid

First Financial Bank Mortgage

★★★★☆
4.8/5

First Financial Bank stands out as a top regional mortgage lender with deep roots in Southern Indiana. With over 160 years of operation, they have established exceptional trust and reliability in the Rome area. Their mortgage team, led by experienced professionals like Ryan Kincaid, provides personalized service with competitive rates. Customers consistently praise their responsive communication, smooth closing processes, and extensive knowledge of local real estate markets. As a community-focused institution, they offer a comprehensive range of loan products and have physical branches throughout the region, making them highly accessible for Rome residents.

Experience:15 years
Reviews:150 customer reviews
2225 N National Rd, Columbus, IN 47201

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction
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2

Mortgage Department

Centra Credit Union

★★★★☆
4.7/5

Centra Credit Union has built an outstanding reputation as a member-owned financial cooperative serving the Rome, Indiana area with exceptional mortgage services. With over 80 years of community banking experience, they offer highly competitive rates and personalized mortgage solutions. Their mortgage team receives consistent praise for their educational approach, helping borrowers understand all options while providing exceptional customer service throughout the entire process. Centra's local decision-making capability and deep understanding of Southern Indiana's housing market make them a preferred choice for Rome area homebuyers seeking trusted, reliable mortgage financing.

Experience:12 years
Reviews:120 customer reviews
2315 Central Ave, Columbus, IN 47201

Loan Types:

ConventionalFHAVAUSDAFirst-Time HomebuyerRefinanceHome Equity
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3

Brian R. Smith

Union Savings Bank

★★★★☆
4.6/5

Union Savings Bank brings over a century of mortgage lending expertise to the Rome, Indiana market with their specialized regional focus. While based in Cincinnati, they actively serve Southern Indiana communities with exceptional mortgage products and service. Their experienced loan officers, including Brian Smith who specializes in Indiana mortgages, provide comprehensive guidance through the entire home financing process. Customers consistently highlight their competitive rates, transparent fee structure, and efficient closing processes. With strong ratings and extensive experience in cross-state lending, they offer Rome residents access to sophisticated mortgage products with the personal touch of a community-focused lender.

Experience:18 years
Reviews:90 customer reviews
4550 Lake Forest Dr, Cincinnati, OH 45242

Loan Types:

ConventionalFHAVAUSDAConstruction-to-PermanentLot LoansRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Rome, IN

What are the current average mortgage rates for homebuyers in Rome, IN?

Mortgage rates in Rome, IN, typically align with national averages but can be slightly lower due to the area's rural classification and lower cost of living. As of recent trends, 30-year fixed rates often range between 6.5% and 7%, but working with a local lender who understands the Spencer County market can help you secure competitive terms. It's wise to compare offers from both local banks and credit unions in the region.

Are there any first-time homebuyer programs specifically available in Rome, IN?

Yes, first-time homebuyers in Rome may qualify for the Indiana Housing and Community Development Authority (IHCDA) programs, which offer down payment assistance and favorable loan terms. Additionally, some local lenders in Spencer County provide special first-time buyer mortgages with reduced fees or lower down payment requirements. These programs are designed to make homeownership more accessible in Rome's affordable housing market.

How does Rome's rural location affect the mortgage process and property appraisal?

Rome's rural setting in Spencer County can mean that appraisals may take slightly longer, as appraisers might need to travel from larger nearby cities like Evansville or Jasper. Lenders may also require additional documentation for properties with well water or septic systems, which are common in the area. It's important to work with a mortgage broker experienced in rural Indiana properties to navigate these specifics smoothly.

What types of properties in Rome, IN, might qualify for USDA loans?

Given Rome's designation as a rural area, many properties in and around the town are eligible for USDA loans, which offer 100% financing with no down payment. To qualify, the home must be located within an eligible rural zone as defined by the USDA, and borrowers must meet income limits specific to Spencer County. This can be an excellent option for eligible buyers looking in this region.

How do property taxes in Rome, IN, impact my monthly mortgage payment?

Property taxes in Spencer County, where Rome is located, are generally moderate compared to urban areas in Indiana, which can help keep your total monthly mortgage payment affordable. Taxes are calculated based on the assessed value of the home and typically range between 0.75% and 1% annually. Your lender will include these taxes in your escrow account, so it's important to factor them into your overall budget when considering a home purchase in Rome.

Mortgage Insights

Finding Your Perfect Mortgage Partner: A Guide to Lenders Near You in Rome, IN

Searching for "lenders near me" is one of the most crucial steps in your Rome, Indiana homebuying journey. It’s about more than just proximity; it’s about finding a financial partner who understands the unique character of our local market. Rome, nestled in Perry County along the Ohio River, offers a blend of scenic tranquility and small-town community. The housing market here typically features more affordable price points compared to larger Indiana cities, but it operates at its own pace. A local lender doesn't just see numbers; they see the value in a home on a wooded lot, understand the appeal of river access, and can accurately appraise properties that might not have direct comparisons in a major metro area.

Your first actionable step is to define what "near me" really means. In a close-knit area like ours, a lender with an office in Tell City, Cannelton, or even across the river in Kentucky might be your most knowledgeable option. These professionals are embedded in the regional economy. They know the local builders, the tax assessors, and the nuances of Perry County. Start by asking for recommendations from your real estate agent, who works with lenders daily, and from friends or family who have recently purchased locally. A lender's reputation for clear communication and closing on time is worth its weight in gold.

When you interview potential lenders, go beyond just asking for rates. Ask them specifically about their experience with homes in the Rome area. Have they financed properties with wells and septic systems, which are common here? How do they handle properties with larger parcels of land? Their answers will reveal their local expertise. Also, be sure to discuss down payment assistance programs available statewide. Indiana offers excellent programs like the IHCDA My Home program, which provides a 3-4% grant for down payment and closing costs, and the Next Home program for repeat buyers. A knowledgeable local lender will be your guide to accessing these funds, which can be a game-changer for buyers in our market.

Finally, remember that your choice of lender is a relationship. You want someone who answers your calls, explains the steps in plain English, and helps you navigate the entire process from pre-approval to closing. For Rome homebuyers, this local insight is invaluable. They can help you understand how factors like flood zones (given our river location) might affect your loan and insurance. By choosing a lender who is truly invested in our community, you’re not just getting a loan; you’re gaining a trusted advisor who will help you secure your piece of peaceful Southern Indiana. Start your search locally, ask the right questions, and you’ll find a partner to help you call Rome home.

Nearby Cities

Explore mortgage lenders in cities near Rome, IN

Why Choose a Mortgage Lender in Rome?

Local Market Knowledge

Lenders who understand Rome'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 Rome and get competitive rates on your home loan.