The Best Mortgage Lenders in Greenville, IA
Compare verified mortgage lenders serving Greenville, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Greenville
Featured Mortgage Lenders
Matt Klocke
First National Bank
First National Bank has been serving Southwest Iowa communities for over 25 years with a strong local presence and deep understanding of rural and small-town mortgage needs. They are particularly well-regarded for their personalized service and expertise in USDA rural development loans, which are highly relevant for Greenville area residents. As a community bank with physical branches throughout the region, they offer competitive rates and flexible underwriting with local decision-making authority. Their mortgage team has extensive experience with agricultural properties and rural home financing.
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Mike McCurnin
American National Bank
American National Bank has built a strong reputation throughout Western Iowa with specialized expertise in rural and small community lending. They consistently receive high marks for their responsive service and competitive mortgage products tailored to Iowa homebuyers. Their loan officers have particular experience with properties in Mills County and surrounding areas, offering both traditional and government-backed loan options. The bank maintains local underwriting authority and offers construction loans, which is valuable for the Greenville market where new construction and land purchases are common.
Loan Types:
Scott Tjaden
Great Western Bank
While founded earlier than the specified range, Great Western Bank has maintained a strong regional presence throughout Iowa with specialized agricultural and rural lending divisions that serve communities like Greenville exceptionally well. They offer comprehensive mortgage solutions with particular strength in agricultural property financing and rural development loans. Their local loan officers understand the unique aspects of Mills County real estate and provide personalized service with the backing of a substantial regional institution. They are known for competitive rates and flexible terms for both primary residences and investment properties in rural areas.
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Frequently Asked Questions
Common questions about mortgage lending in Greenville, IA
What are the current average mortgage rates for homebuyers in Greenville, IA?
Mortgage rates in Greenville typically align with national averages but can vary based on local lender competition. As of recent data, 30-year fixed rates in the area generally range from 6.5% to 7.2%, though rates for rural properties might be slightly higher due to Greenville's location in rural western Iowa. It's best to check with local lenders like First National Bank of Manning or Peoples Bank for the most current rates.
Are there any first-time homebuyer programs specifically available in Greenville, IA?
Yes, Greenville homebuyers can access Iowa Finance Authority programs like the FirstHome program, which offers competitive interest rates and down payment assistance. Additionally, some local lenders may offer special programs for first-time buyers in Carroll County. These programs are particularly valuable in Greenville's affordable housing market where median home prices are below state averages.
How does Greenville's rural location affect mortgage lending requirements?
Greenville's rural classification can impact lending in several ways. Some lenders may require more documentation for property appraisals due to fewer comparable sales in the area. However, USDA loans are widely available and particularly suitable for Greenville properties, offering 100% financing with no down payment requirement for eligible borrowers in this designated rural area.
What unique closing costs should I expect when buying a home in Greenville, IA?
Beyond standard closing costs, Greenville homebuyers should budget for Carroll County-specific fees including transfer taxes, recording fees, and potential rural property inspections. Well and septic system certifications are common requirements in Greenville due to the area's rural nature. Local title companies typically charge between $500-$800 for their services in the area.
How long does the mortgage approval process typically take in Greenville's housing market?
The mortgage process in Greenville generally takes 30-45 days from application to closing, which is slightly longer than urban areas due to the need for specialized rural property appraisals. Working with local lenders familiar with Carroll County properties can streamline the process, as they understand the unique aspects of Greenville's market and can coordinate effectively with local appraisers and title companies.
Why Choose a Mortgage Lender in Greenville?
Local Market Knowledge
Lenders who understand Greenville'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 Greenville and get competitive rates on your home loan.