The Best Mortgage Lenders in Shepardsville, IN
Compare verified mortgage lenders serving Shepardsville, Indiana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Shepardsville
Featured Mortgage Lenders
First Guaranty Mortgage Corporation
First Guaranty Mortgage Corporation
First Guaranty Mortgage Corporation is a highly-rated national lender with strong presence in Indiana, including serving Shepardsville residents. With 30 years of experience and excellent 4.8-star ratings across multiple platforms, FGMC offers competitive rates and a wide range of loan products. They're particularly known for their efficient processing, personalized service, and expertise in both conventional and government-backed loans. Their long track record and A+ BBB rating make them a trusted choice for Indiana homebuyers seeking reliable mortgage solutions with competitive terms.
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Ruoff Mortgage
Ruoff Mortgage Company
Ruoff Mortgage is an Indiana-based lender with exceptional 4.9-star ratings and deep roots in the state. While headquartered in Fort Wayne, they serve customers throughout Indiana including Shepardsville. With over six decades of experience, they've built a reputation for outstanding customer service, local market expertise, and competitive rates. Their loan officers are known for providing personalized guidance through the entire mortgage process. Ruoff consistently receives praise for their transparency, communication, and ability to close loans efficiently, making them a top choice for Indiana residents.
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Stockton Mortgage
Stockton Mortgage Corporation
Stockton Mortgage is an Indiana-based lender with three decades of experience serving homebuyers across the state, including Shepardsville area residents. With strong 4.7-star ratings and deep local market knowledge, they specialize in helping Indiana residents navigate the home financing process. They're particularly recognized for their first-time homebuyer programs and excellent customer service. Stockton offers competitive rates and a streamlined application process, with loan officers who understand the unique aspects of Indiana's housing market. Their long-standing reputation and commitment to community make them a reliable choice for mortgage services.
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Frequently Asked Questions
Common questions about mortgage lending in Shepardsville, IN
What are the current mortgage rates like for homes in Shepardsville, IN?
Mortgage rates in Shepardsville are typically competitive with national averages, but can be influenced by local lenders and property types common in the area, such as rural or single-family homes. It's wise to compare rates from local credit unions like Centra Credit Union, which often have a strong presence in Indiana communities. Rates can also vary based on loan type and your financial profile.
Are there any first-time homebuyer programs available specifically in Shepardsville?
Yes, Indiana Housing and Community Development Authority (IHCDA) offers programs like the Next Home and My Home programs, which provide down payment assistance and affordable fixed-rate mortgages for eligible buyers in Shepardsville. These programs can be especially helpful given the area's modest median home prices. Local lenders can help you determine if you qualify for these or other county-level incentives.
How does Shepardsville’s rural location affect the mortgage process?
Shepardsville’s rural setting may mean some lenders require additional property inspections, such as well and septic checks, which aren’t always needed in urban areas. USDA loans are also a popular option here, offering 100% financing for eligible borrowers in designated rural areas like Bartholomew County. Be sure to work with a lender familiar with rural Indiana properties to streamline the process.
What types of properties are most common for mortgages in Shepardsville?
Shepardsville features primarily single-family homes, often on larger lots, along with some manufactured homes and acreages. Lenders may have specific requirements for manufactured homes, such as age and foundation type, so it’s important to confirm loan eligibility early. Fixed-rate conventional loans are common, but FHA and VA loans are also widely used depending on the property.
Are property taxes in Shepardsville a major factor in mortgage affordability?
Yes, Bartholomew County property taxes are an important consideration and can impact your overall monthly payment. Indiana has property tax caps, which can help keep costs manageable, but it’s still essential to factor these into your budget. Your lender can provide a detailed estimate of taxes and help you understand how they affect your loan approval amount.
Nearby Cities
Explore mortgage lenders in cities near Shepardsville, IN
Why Choose a Mortgage Lender in Shepardsville?
Local Market Knowledge
Lenders who understand Shepardsville'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 Shepardsville and get competitive rates on your home loan.