The Best Mortgage Lenders in Gilbert, IA
Compare verified mortgage lenders serving Gilbert, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Gilbert
Featured Mortgage Lenders
New American Funding
New American Funding
New American Funding is a highly-rated mortgage lender renowned for its competitive rates and exceptional customer service. Founded in 2003, they have over two decades of experience and offer a comprehensive range of loan products. With a strong local presence in Iowa, including service to Gilbert, they are praised for their personalized approach, fast closings, and dedication to helping borrowers achieve homeownership. Their numerous positive reviews highlight reliability and transparency in the mortgage process.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-tier lender known for its efficient processing, knowledgeable loan officers, and high customer satisfaction. Established in 1996, they have nearly three decades of experience and serve Gilbert and the broader Iowa area with a wide array of mortgage options. Their reputation is built on competitive rates, streamlined applications, and a commitment to community involvement, making them a trusted choice for homebuyers seeking reliable and responsive service.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-regarded lender celebrated for its innovative online tools, local expertise, and fast turnaround times. Founded in 2008, they bring over 15 years of experience to the Gilbert area, offering flexible loan products and competitive rates. Their dedicated Iowa team provides personalized service, and they are known for their strong community ties and commitment to customer satisfaction, as reflected in their extensive positive reviews.
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Frequently Asked Questions
Common questions about mortgage lending in Gilbert, IA
What are the current mortgage rates like for homes in Gilbert, IA?
Mortgage rates in Gilbert are typically competitive with national averages, but local lenders may offer slightly better terms due to the town's stable, low-risk housing market. It's wise to compare rates from both local credit unions like Veridian Credit Union and larger Iowa-based banks, as they often have specific promotions for rural and small-town properties. Rates can be influenced by the property's specific location within the Gilbert area.
Are there any first-time homebuyer programs specific to Gilbert that can help with down payments?
Yes, the Iowa Finance Authority offers statewide programs like the FirstHome Loan and Homes for Iowans program, which are accessible to Gilbert residents and provide competitive interest rates and down payment assistance. Additionally, local lenders may have partnerships or grants specifically for buyers in Story County. These programs are particularly valuable in Gilbert's affordable market, making homeownership more accessible.
How does Gilbert's proximity to Ames and Iowa State University impact mortgage lending?
Lenders often view Gilbert favorably due to its stable economy driven by its connection to Iowa State University and Ames, which can mean easier loan approval and competitive terms. However, if you're purchasing a rental property aimed at students, you may face stricter lending requirements, such as higher down payments. For primary residences, this proximity is a positive factor that supports property values.
What should I know about property taxes in Gilbert when applying for a mortgage?
Gilbert has property taxes that are generally in line with Story County averages, which are moderate compared to national rates. When getting pre-approved for a mortgage, lenders will calculate your debt-to-income ratio including these taxes, so it's important to get an accurate estimate. The local tax rate can affect your overall monthly payment, so factor this into your budget.
Are USDA loans a good option for buying a home in Gilbert, IA?
Yes, Gilbert's location makes many properties eligible for USDA rural development loans, which offer 100% financing with no down payment. This can be an excellent option given the town's classification and the availability of suitable properties. You should check the USDA eligibility map for the specific property, as most of Gilbert qualifies, making homeownership more affordable.
Why Choose a Mortgage Lender in Gilbert?
Local Market Knowledge
Lenders who understand Gilbert'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 Gilbert and get competitive rates on your home loan.