The Best Mortgage Lenders in Harlan, IA
Compare verified mortgage lenders serving Harlan, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Harlan
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong reputation for competitive rates, exceptional customer service, and a wide range of loan products. They have a dedicated local presence in Iowa, with loan officers serving Harlan and surrounding areas. Known for their personalized approach, fast processing times, and high customer satisfaction, they consistently receive praise for making the mortgage process smooth and transparent. Their long-standing experience and community involvement make them a trusted choice for homebuyers in rural Iowa.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender with a national presence and a focus on serving diverse communities, including those in Iowa. They are praised for their competitive interest rates, flexible loan options, and commitment to customer education. With a team of experienced loan officers accessible remotely, they provide efficient service to clients in Harlan, offering tailored solutions for first-time homebuyers and refinancing. Their strong online tools and responsive support have earned them high ratings and loyalty from borrowers.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender known for its rapid loan processing, community engagement, and customer-centric approach. They serve Iowa residents, including those in Harlan, with a network of local loan officers who provide personalized guidance. Their emphasis on technology and education helps borrowers navigate the mortgage process easily, and they offer a variety of loan programs to suit different needs. With consistently high customer satisfaction ratings, they are a reliable choice for home financing in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Harlan, IA
What are the current mortgage interest rates like for homes in Harlan, IA?
Mortgage rates in Harlan are generally competitive with national averages, but local lenders often offer slightly better terms due to the lower cost of living and stable housing market. As of late 2023, 30-year fixed rates typically range from 6.5% to 7.25% depending on credit score and loan type. It's best to check with local banks like First Whitney Bank & Trust or Shelby County State Bank for their current Harlan-specific rate sheets.
Are there any first-time homebuyer programs specifically available in Harlan?
Yes, Harlan 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 Harlan residents, particularly for homes within city limits. The USDA Rural Development loan program is also popular in Shelby County since Harlan qualifies as a rural area.
How does Harlan's property tax structure affect my mortgage payments?
Shelby County property taxes in Harlan average approximately 1.5% of assessed value, which is moderate for Iowa. This means for a $200,000 home, you'd pay about $3,000 annually in property taxes, which would be included in your monthly mortgage escrow payment. Harlan's stable tax base and consistent assessment practices make property tax projections relatively predictable for budgeting purposes.
What special considerations should I know about getting a mortgage for older homes in Harlan's historic districts?
Many homes in Harlan's older neighborhoods were built before 1940, so lenders may require additional inspections and potentially escrow for repairs. Local lenders are familiar with these properties and can guide you through FHA 203(k) renovation loans if needed. It's important to budget for potential updates to electrical, plumbing, or foundation systems common in Harlan's historic homes.
How long does the mortgage approval process typically take with Harlan-area lenders?
With local Harlan lenders, the mortgage process typically takes 30-45 days from application to closing, which is often faster than larger institutions. Local banks benefit from knowing the Harlan market well and can often expedite appraisals and property assessments. The timeline can vary based on season, with spring being busiest in Harlan's housing market.
Why Choose a Mortgage Lender in Harlan?
Local Market Knowledge
Lenders who understand Harlan'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 Harlan and get competitive rates on your home loan.