The Best Mortgage Lenders in Bevington, IA
Compare verified mortgage lenders serving Bevington, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bevington
Featured Mortgage Lenders
Veridian Credit Union Mortgage Department
Veridian Credit Union
As one of Iowa's largest and most trusted credit unions, Veridian Credit Union has been serving Iowans for nearly 90 years with exceptional mortgage services. They maintain a 4.8-star rating across multiple review platforms with particular praise for their competitive rates, personalized service, and extensive first-time homebuyer programs. Their mortgage specialists are known for guiding borrowers through the entire process with expertise and care, making them a top choice for Bevington residents seeking local understanding with robust lending capabilities.
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Bank Iowa Mortgage Team
Bank Iowa
With deep roots in Iowa communities spanning over 120 years, Bank Iowa has established itself as a premier mortgage lender for rural and small-town Iowa residents. They consistently earn 4.7-star ratings for their local decision-making, community-focused approach, and expertise with rural property financing including USDA loans. Their mortgage team understands the unique needs of Bevington area homeowners and offers competitive construction and lot loan options that many national lenders don't provide.
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Fairway Independent Mortgage Corporation - Des Moines
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation has built an outstanding reputation in Iowa with a remarkable 4.9-star rating and hundreds of positive reviews highlighting their efficient processing and competitive rates. Founded in 1996, they've become one of the nation's top mortgage lenders while maintaining strong local presence. Their Des Moines branch specifically serves the Bevington area with expertise in rural financing and offers a wide variety of loan products with particularly strong refinance options and first-time homebuyer programs.
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Frequently Asked Questions
Common questions about mortgage lending in Bevington, IA
What are the current mortgage rates like in Bevington, Iowa?
Mortgage rates in Bevington typically align with national averages but can be slightly lower due to Iowa's stable housing market. As of late 2024, conventional 30-year fixed rates hover around 6.5-7% for qualified buyers. Local credit unions like Veridian Credit Union often offer competitive rates that may be more favorable than national lenders.
Are there any first-time homebuyer programs specific to Bevington or Madison County?
Yes, the Iowa Finance Authority offers several statewide programs that Bevington residents can access, including the FirstHome program with below-market interest rates and down payment assistance. Additionally, Madison County may offer local grants or closing cost assistance - check with the Madison County Economic Development office for current availability.
How does Bevington's rural location affect mortgage lending requirements?
Bevington's rural designation can work to your advantage through USDA Rural Development loans, which offer 100% financing with no down payment required. However, some conventional lenders may have stricter appraisal requirements due to the limited number of comparable home sales in this small community, so working with local lenders familiar with the area is beneficial.
What should I know about property taxes when getting a mortgage in Bevington?
Madison County property taxes in Bevington are relatively moderate compared to urban areas, typically ranging from 1.3% to 1.6% of assessed value. Your mortgage lender will factor these into your monthly escrow payments, and it's important to note that agricultural land assessments can affect overall tax rates in this farming community.
Are there any special considerations for buying older homes in Bevington's historic areas?
Yes, many homes in Bevington were built in the early 1900s, so lenders may require additional inspections for structural integrity, electrical systems, and plumbing. FHA 203(k) renovation loans can be particularly useful here, allowing you to finance both purchase and repairs. Local lenders familiar with Bevington's housing stock can guide you through these specific requirements.
Why Choose a Mortgage Lender in Bevington?
Local Market Knowledge
Lenders who understand Bevington'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 Bevington and get competitive rates on your home loan.