The Best Mortgage Lenders in Buckingham, IA
Compare verified mortgage lenders serving Buckingham, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Buckingham
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a strong presence in Iowa, known for its exceptional customer service and competitive rates. With over 28 years in the industry, they specialize in a wide range of loan products and have consistently high customer satisfaction ratings. Their local office in Urbandale serves Buckingham and surrounding areas, providing personalized service and efficient processing, making them a trusted choice for homebuyers in the region.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated lender with a focus on community engagement and streamlined loan processes. Founded in 2008, they have built a reputation for reliability and fast closings, serving Buckingham and central Iowa through their West Des Moines office. Customers praise their responsive team and competitive rates, with numerous reviews highlighting a smooth and stress-free mortgage experience, making them an excellent option for local homebuyers.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a strong local presence in Des Moines, offering innovative digital tools and competitive loan options. With 24 years of experience, they are known for their transparency and efficiency, serving Buckingham residents with a variety of mortgage products. Their high customer ratings and commitment to education and support make them a reliable choice for those seeking a seamless home financing process in the area.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Buckingham, IA
What are the typical mortgage rates available for homebuyers in Buckingham, IA?
Mortgage rates in Buckingham are generally competitive with national averages, but local lenders may offer slightly better terms due to lower operational costs. For conventional 30-year fixed loans, rates typically range from 6.5% to 7.5% as of 2024, though this varies by lender, credit score, and loan type. It's wise to compare offers from both local Buckingham banks and regional lenders for the best rate.
Are there any first-time homebuyer programs specific to Buckingham or Franklin County?
While Buckingham itself doesn't offer city-specific programs, Franklin County participates in statewide Iowa initiatives like the FirstHome and FirstHome Plus programs. These provide competitive interest rates and down payment assistance up to $2,500 or 3% of the purchase price. Local Buckingham lenders are well-versed in these programs and can help you determine eligibility.
How does Buckingham's rural location affect the mortgage process and property requirements?
Buckingham's rural setting means some properties may use well water and septic systems, which require additional inspections that can affect loan approval. USDA loans are particularly popular here since most of the area qualifies for their 0% down payment program. Appraisals might take slightly longer due to fewer comparable sales in this small community.
What types of properties are most common in Buckingham, and how does this impact mortgage choices?
Buckingham primarily features single-family homes, many of which are older properties with agricultural backgrounds. This makes FHA loans popular since they accommodate older homes that might need minor repairs. For those purchasing farmland or properties with acreage, you'll need specialized agricultural loans rather than conventional residential mortgages.
Are property taxes in Buckingham significantly different from surrounding areas, and how does this affect mortgage affordability?
Buckingham's property taxes are relatively moderate compared to larger Iowa cities, with Franklin County's effective tax rate around 1.3-1.5% of assessed value. This translates to lower monthly escrow payments within your mortgage, improving overall affordability. However, taxes can vary between incorporated Buckingham and surrounding rural areas, so verify exact rates during your home search.
Why Choose a Mortgage Lender in Buckingham?
Local Market Knowledge
Lenders who understand Buckingham'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 Buckingham and get competitive rates on your home loan.