The Best Mortgage Lenders in Greenfield, IA
Compare verified mortgage lenders serving Greenfield, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Greenfield
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With over 28 years in business, they have a strong presence in Iowa and serve Greenfield through their Des Moines office. They excel in providing a wide range of loan options, including government-backed loans, and are praised for their streamlined application process and personalized support. Their high ratings and substantial review count reflect consistent customer satisfaction and reliability in the mortgage industry.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly reputable mortgage lender with a significant footprint in Iowa, including service to Greenfield. Founded in 2000, they offer innovative digital tools for a seamless borrowing experience and are recognized for their competitive rates and efficient closing processes. With a focus on customer education and transparency, they have built a strong reputation for reliability and high customer satisfaction, as evidenced by their numerous positive reviews and industry awards.
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New American Funding
New American Funding
New American Funding is a well-established lender that serves Greenfield and surrounding areas with a commitment to diversity and community inclusion. With over 21 years of experience, they offer a broad spectrum of loan products, including specialized programs for first-time homebuyers and minority communities. They are known for their responsive customer service, flexible underwriting, and efforts to provide educational resources, contributing to their high ratings and loyal customer base in Iowa.
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Frequently Asked Questions
Common questions about mortgage lending in Greenfield, IA
What are the current mortgage rates like for homes in Greenfield, IA?
Mortgage rates in Greenfield typically align with national averages but can be slightly lower due to the area's rural designation and lower cost of living. Local lenders often offer competitive rates for conventional and FHA loans, with current 30-year fixed rates generally ranging between 6.0-7.0% depending on credit score and loan type. It's best to check with Greenfield-based lenders like Greenfield State Bank or First National Bank for the most accurate local rate quotes.
Are there any first-time homebuyer programs specifically available in Greenfield?
Yes, Greenfield homebuyers can access Iowa Finance Authority programs like the FirstHome program, which offers competitive interest rates and down payment assistance. Additionally, the City of Greenfield may occasionally offer local housing incentives for first-time buyers purchasing in designated revitalization areas. USDA Rural Development loans are particularly valuable here since Greenfield qualifies for 100% financing with no down payment required.
How does Greenfield's rural location affect my mortgage options?
Greenfield's rural designation opens up valuable USDA Rural Development loans, which require no down payment and offer below-market interest rates. Many local lenders are well-versed in agricultural property financing and acreage loans, which is important since many Greenfield properties include larger lots. The town's stable but slower-growing market also means appraisals tend to be more predictable than in volatile urban markets.
What special considerations should I know about when getting a mortgage for an older home in Greenfield?
Many Greenfield homes have historical character and were built before 1950, so lenders may require more thorough inspections and potentially escrow for repairs. FHA 203(k) renovation loans are popular here for updating older properties while keeping them affordable. Local appraisers are familiar with valuing historic homes in the town square area, but you should budget for potential lead-based paint or foundation issues common in older Midwest construction.
Are property taxes in Greenfield typically escrowed into mortgages?
Yes, most Greenfield lenders include property taxes in monthly mortgage payments through escrow accounts, which is particularly helpful since Adair County property taxes are relatively stable. Current rates are approximately $12-14 per $1,000 of assessed value. Lenders familiar with Greenfield can accurately estimate these costs upfront, and first-time buyers should know that Iowa offers various property tax credit programs for eligible homeowners.
Why Choose a Mortgage Lender in Greenfield?
Local Market Knowledge
Lenders who understand Greenfield'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 Greenfield and get competitive rates on your home loan.