The Best Mortgage Lenders in Ankeny, IA
Compare verified mortgage lenders serving Ankeny, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ankeny
Featured Mortgage Lenders
Veridian Credit Union Mortgage Department
Veridian Credit Union
As one of Iowa's largest credit unions with a physical branch in Ankeny, Veridian Credit Union consistently ranks among the top mortgage lenders in the area. They offer highly competitive rates for members and non-members alike, with exceptional customer service ratings. Their mortgage specialists provide personalized guidance through the entire homebuying process, and they're particularly noted for their first-time homebuyer programs and local underwriting expertise that understands the Ankeny market specifically.
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Hills Bank Mortgage Team
Hills Bank and Trust Company
While headquartered in Hills, Iowa, Hills Bank has a strong presence throughout Central Iowa including Ankeny, with multiple mortgage loan officers specifically serving the Des Moines metro area. They're renowned for their local decision-making, competitive construction loan programs, and exceptional customer service. Their long-standing reputation in Iowa banking, combined with their understanding of local market conditions in growing communities like Ankeny, makes them a top choice for both purchase and construction mortgages.
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Mid-America Mortgage Services
Mid-America Mortgage, Inc.
As a dedicated mortgage company serving the entire Des Moines metropolitan area including Ankeny, Mid-America Mortgage brings specialized expertise and highly competitive rates to homebuyers. They excel at navigating complex mortgage scenarios and offer a wide range of loan products with local underwriting. Their team of experienced loan officers provides personalized service with an emphasis on education and transparency throughout the mortgage process, making them particularly popular among both first-time and experienced homebuyers in the Ankeny market.
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Frequently Asked Questions
Common questions about mortgage lending in Ankeny, IA
What are the current average mortgage rates for homebuyers in Ankeny, IA?
Current mortgage rates in Ankeny typically range from 6.5% to 7.5% for 30-year fixed loans, depending on credit score and loan type. Ankeny's strong growth and desirable school districts often make it competitive with national averages, though local lenders may offer special promotions for first-time buyers or specific neighborhoods. It's best to compare rates from multiple Ankeny-based lenders as they may have better understanding of local market conditions.
Are there any first-time homebuyer programs specifically available in Ankeny?
Yes, Ankeny homebuyers can access Iowa Finance Authority programs like the FirstHome program, which offers competitive interest rates and down payment assistance. Additionally, some local lenders partner with the City of Ankeny to provide special financing options for buyers in targeted neighborhoods. These programs are particularly valuable given Ankeny's rapidly appreciating home values, which have increased over 8% annually in recent years.
How does Ankeny's rapid growth affect mortgage lending and home values?
Ankeny's status as one of Iowa's fastest-growing cities means lenders often view local properties favorably, which can lead to more flexible lending terms. However, the competitive market requires buyers to be prepared with strong pre-approvals and quick decision-making. Home values in Ankeny have consistently outperformed the broader Des Moines metro area, making it crucial to work with lenders familiar with local appraisal trends.
What special considerations should I know about property taxes when getting a mortgage in Ankeny?
Ankeny has a combined property tax rate of approximately $33-35 per $1,000 of assessed value, which is higher than many surrounding communities due to extensive school and infrastructure investments. Lenders will factor these taxes into your debt-to-income ratio, so it's important to budget accordingly. Many Ankeny homeowners use escrow accounts to manage these payments through their mortgage.
Are there any local down payment assistance programs unique to Ankeny homebuyers?
While Ankeny doesn't have city-specific down payment programs, buyers can utilize statewide programs through the Iowa Finance Authority, such as the Homes for Iowans program. Some local credit unions and community banks also offer special first-time buyer programs with reduced down payment requirements. Given Ankeny's median home price of around $350,000, these programs can be crucial for making homeownership accessible.
Why Choose a Mortgage Lender in Ankeny?
Local Market Knowledge
Lenders who understand Ankeny'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 Ankeny and get competitive rates on your home loan.