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Andrew, IA

The Best Mortgage Lenders in Andrew, IA

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

3
Top Lenders
4.6
Avg Rating
530+
Reviews
8
Loan Types

Available Loan Programs in Andrew

Conventional
FHA
VA
USDA
Jumbo
Refinance
ARM
Reverse Mortgages

Featured Mortgage Lenders

1

Fairway Independent Mortgage Corporation

Fairway Independent Mortgage Corporation

★★★★☆
4.8/5

Fairway Independent Mortgage Corporation is a top-rated lender with a strong local presence in Iowa, known for exceptional customer service and competitive rates. They have extensive experience serving rural areas like Andrew, with loan officers dedicated to personalized guidance. Their high ratings reflect reliability, quick processing times, and a wide range of loan options tailored to first-time homebuyers and investors alike.

Experience:27 years
Reviews:150 customer reviews
11535 Douglas Ave, Urbandale, IA 50323

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Guaranteed Rate

Guaranteed Rate, Inc.

★★★★☆
4.5/5

Guaranteed Rate is a nationally recognized mortgage lender with a robust online platform and a reputation for transparency and competitive pricing. They serve Andrew and surrounding Iowa communities efficiently, offering digital tools for easy application and tracking. High customer satisfaction scores stem from their streamlined processes, knowledgeable staff, and flexibility in loan products, making them a reliable choice for various mortgage needs.

Experience:23 years
Reviews:200 customer reviews
3940 N. Ravenswood Ave, Chicago, IL 60613

Loan Types:

ConventionalFHAVAUSDAJumboARMRefinance
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3

New American Funding

New American Funding

★★★★☆
4.6/5

New American Funding is a highly-rated lender with a strong track record in the Midwest, including Iowa. They excel in customer service, offering bilingual support and a diverse portfolio of loan types to fit unique financial situations. Their commitment to community engagement and competitive rates makes them a trusted option for Andrew residents, with positive reviews highlighting responsiveness and expert advice throughout the mortgage process.

Experience:20 years
Reviews:180 customer reviews
14511 Myford Rd, Irvine, CA 92606

Loan Types:

ConventionalFHAVAUSDAJumboReverse Mortgages
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Frequently Asked Questions

Common questions about mortgage lending in Andrew, IA

What are typical mortgage rates for homebuyers in Andrew, Iowa?

Mortgage rates in Andrew are generally competitive with national averages, but can be slightly lower due to Iowa's stable housing market. As of recent data, 30-year fixed rates typically range from 6.5% to 7.25%, though this varies by lender, credit score, and loan type. Working with local Iowa-based lenders often provides the most competitive rates for Andrew homebuyers.

Are there any first-time homebuyer programs specifically available in Andrew, IA?

Yes, Andrew homebuyers can access Iowa Finance Authority programs like the FirstHome Loan, which offers competitive interest rates and down payment assistance. Additionally, the Homes for Iowans program provides mortgage credit certificates that can reduce federal income tax liability. These programs are particularly valuable in Andrew's affordable housing market where median home prices are below state averages.

How does Andrew's rural location affect mortgage lending options?

Andrew's rural designation makes buyers eligible for USDA Rural Development loans, which offer 100% financing with no down payment required. This is especially beneficial given Andrew's agricultural surroundings and can make homeownership more accessible. Many local lenders are experienced with these rural loan products and can guide buyers through the specific requirements.

What should I know about property taxes when getting a mortgage in Andrew?

Jackson County property taxes in Andrew are relatively moderate compared to urban Iowa areas, typically ranging from 1.2% to 1.5% of assessed value. Your mortgage lender will factor these taxes into your monthly escrow payments. It's important to note that agricultural land assessments differ from residential, which helps keep property taxes reasonable for homeowners.

Are there local lenders in Andrew who understand the specific market conditions?

While Andrew itself has limited local banking options, several regional Iowa banks and credit unions in nearby communities like Maquoketa and Clinton have extensive experience with Andrew's stable, rural housing market. These lenders understand the local property values, which typically range from $150,000 to $250,000, and can provide personalized service for Andrew homebuyers.

Mortgage Insights

Finding Your Perfect Mortgage Partner in Andrew, Iowa

Searching for "housing lenders near me" in Andrew, Iowa, is about more than just finding a convenient address. It’s about connecting with a financial partner who understands the unique rhythm of our local market. Andrew offers a special blend of small-town charm and accessible rural living, and your choice of lender can significantly impact how smoothly you navigate the path to homeownership here.

In a tight-knit community like Andrew, local knowledge is invaluable. A lender based in eastern Iowa or familiar with Jackson County will have a realistic grasp of property values for our classic brick homes, cozy ranches, and larger properties with acreage. They understand that an appraisal in a smaller market can be different than in a major city, and they can guide you through that process confidently. Furthermore, building a relationship with a local bank or credit union often means speaking directly with decision-makers, which can streamline communication and potentially offer more flexibility.

For Andrew homebuyers, here are some practical steps to take. First, don’t limit your search to Andrew’s city limits alone. Expand your "near me" search to include trusted lenders in nearby communities like Maquoketa, Bellevue, or even Dubuque. Many offer the same personalized service and are very accustomed to serving clients in our area. Schedule consultations with at least two or three lenders to compare not just interest rates, but also fees, loan product options, and your overall comfort level with the loan officer.

Iowa offers several fantastic programs that a knowledgeable local lender can help you access. The Iowa Finance Authority (IFA) provides first-time homebuyer programs, including down payment assistance and affordable mortgage rates. There’s also the Military Homeownership Assistance Program for qualified veterans. A lender familiar with these state-specific programs can be a huge asset, ensuring you don’t leave any beneficial funds on the table.

Your actionable advice starts today. Before you even start looking at houses, get pre-approved. In Andrew’s market, where inventory can move at a steady pace, a solid pre-approval letter from a respected local lender makes your offer stronger. It shows sellers you are serious and financially prepared. Ask every lender you speak with specifically about their experience with rural properties if that’s your interest, and about the timeline for closing—a local team can often facilitate a quicker, smoother closing.

Ultimately, finding the right "housing lender near me" in Andrew is about partnership. Choose someone who listens to your goals, explains your options in plain English, and demonstrates a genuine understanding of what it means to buy a home right here in our corner of Iowa. That local insight is the key to turning your search into a successful move.

Nearby Cities

Explore mortgage lenders in cities near Andrew, IA

Why Choose a Mortgage Lender in Andrew?

Local Market Knowledge

Lenders who understand Andrew'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 Iowa.

Ready to Find Your Perfect Mortgage Lender?

Connect with top-rated mortgage professionals in Andrew and get competitive rates on your home loan.