The Best Mortgage Lenders in Sellersburg, IN
Compare verified mortgage lenders serving Sellersburg, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sellersburg
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly reputable national mortgage lender with a strong local presence in the Louisville metropolitan area, directly serving Sellersburg, IN. Founded in 2000, it is celebrated for its competitive interest rates, streamlined digital application process, and exceptional customer service. With over 24 years of experience, the company consistently receives high marks for its reliability, fast loan closings, and wide range of loan options, making it a top choice for homebuyers in Southern Indiana.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a well-regarded mortgage lender known for its community-focused approach and efficient service in the Louisville and Southern Indiana regions, including Sellersburg. Established in 2008, it boasts 16 years of expertise with a emphasis on personalized customer care and competitive loan products. The company has earned high ratings for its transparency, quick processing times, and dedication to supporting first-time and repeat homebuyers alike.
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New American Funding
New American Funding, LLC
New American Funding is a trusted mortgage lender with a significant presence in the Louisville area, actively serving clients in Sellersburg, IN. Founded in 2003, it has over two decades of experience and is praised for its diverse loan offerings, including programs for underserved communities, and its commitment to customer satisfaction. The company maintains high ratings for its responsive service, competitive rates, and ability to handle complex loan scenarios with ease.
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Frequently Asked Questions
Common questions about mortgage lending in Sellersburg, IN
What are the current mortgage rates like for homes in Sellersburg, IN?
Mortgage rates in Sellersburg typically align with national averages but can be slightly lower due to Indiana's competitive lending market. As of 2024, conventional 30-year fixed rates generally range from 6.5% to 7.25%, though local credit unions like River Valley Financial often offer competitive rates. It's wise to compare offers from both local and national lenders to secure the best rate for your Sellersburg home purchase.
Are there any first-time homebuyer programs specifically available in Sellersburg?
Yes, Sellersburg homebuyers can access the Indiana Housing and Community Development Authority's (IHCDA) programs, including the Next Home and My Home programs which offer down payment assistance and favorable interest rates. Additionally, some local lenders may offer special first-time buyer incentives. These programs are particularly valuable given Sellersburg's growing popularity and affordable housing market compared to nearby Louisville.
How does Sellersburg's proximity to Louisville affect mortgage lending and home values?
Sellersburg's location in the Louisville metropolitan area often means higher appraisals and stronger property value retention, which benefits borrowers. Lenders may view Sellersburg properties as lower risk due to consistent demand from commuters. However, you should expect competitive bidding situations, particularly for homes under $300,000, which may require stronger loan pre-approvals.
What local property tax considerations should I know about when getting a mortgage in Sellersburg?
Clark County property taxes in Sellersburg average about 0.87% of assessed value, which is relatively moderate for Indiana. Your lender will factor these taxes into your debt-to-income ratio calculations. Many Sellersburg homeowners benefit from Indiana's property tax caps, and first-time buyers may qualify for additional homestead deductions that can lower their monthly mortgage payments.
Are USDA loans available for homes in Sellersburg, given its semi-rural location?
Yes, most of Sellersburg qualifies for USDA rural development loans, which offer 100% financing with no down payment. This can be particularly advantageous for buyers looking at properties on the outskirts of town or in developing subdivisions. Given Sellersburg's growth pattern, it's important to verify specific property eligibility with lenders who are experienced with USDA loans in Southern Indiana.
Nearby Cities
Explore mortgage lenders in cities near Sellersburg, IN
Why Choose a Mortgage Lender in Sellersburg?
Local Market Knowledge
Lenders who understand Sellersburg'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 Sellersburg and get competitive rates on your home loan.