The Best Mortgage Lenders in Johnston, IA
Compare verified mortgage lenders serving Johnston, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Johnston
Featured Mortgage Lenders
New American Funding
New American Funding
New American Funding is a top-rated mortgage lender known for its competitive rates and exceptional customer service in the Johnston area. With an A+ BBB rating and high customer satisfaction scores, they specialize in diverse loan options including government-backed programs and jumbo loans. Their local West Des Moines office provides personalized service, making them a trusted choice for homebuyers in the Des Moines metropolitan region, including Johnston.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is highly regarded for its strong local presence and customer-centric approach in serving Johnston and the greater Des Moines area. With nearly three decades of experience, they offer a wide range of loan products and are praised for their fast processing times and knowledgeable staff. Their high ratings and numerous positive reviews highlight their reliability and commitment to helping clients achieve homeownership with competitive financing options.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender with a strong focus on community engagement and efficient service for Johnston residents. Founded in 2008, they have built a solid reputation for their streamlined loan processes and competitive rates, particularly in first-time homebuyer and VA loan segments. Their nearby Ankeny office ensures easy access for local clients, and their high customer review counts reflect consistent satisfaction and trust in the Iowa mortgage market.
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Frequently Asked Questions
Common questions about mortgage lending in Johnston, IA
What are the current mortgage rates like for homebuyers in Johnston, IA?
Mortgage rates in Johnston typically align with national averages but can be influenced by local economic factors like Des Moines metro area growth. As of recent trends, Johnston buyers often find competitive conventional loan rates from local lenders like Bankers Trust and Veridian Credit Union. It's wise to compare rates from both local and national lenders, as local institutions sometimes offer special programs for Iowa residents.
Are there any first-time homebuyer programs specific to Johnston that can help with down payments?
Yes, Johnston homebuyers can access statewide programs like the Iowa Finance Authority's FirstHome program, which offers competitive interest rates and down payment assistance up to $5,000. Additionally, Polk County offers the Home Ownership Assistance Program (HOAP) which provides up to $10,000 in down payment help for eligible buyers in Johnston. These programs are particularly valuable given Johnston's median home prices being slightly above the state average.
How does Johnston's rapid growth affect mortgage lending and home values?
Johnston's status as one of Iowa's fastest-growing suburbs has led to consistent home value appreciation of 4-6% annually in recent years. This growth pattern makes Johnston properties good long-term investments but means lenders may require more thorough appraisals to ensure valuations keep pace with market trends. The strong school district and community amenities continue to drive demand, supporting stable property values that lenders view favorably.
What special considerations should I know about getting a mortgage for a new construction home in Johnston?
Johnston's numerous new developments like The Summit require specific construction loan expertise. Many local lenders offer one-time close construction-to-permanent loans, which is crucial given Johnston's active building market. Be prepared for longer closing timelines (60-90 days typically) and ensure your lender has experience with Johnston's specific builder requirements and municipal inspection processes.
Are there property tax considerations in Johnston that affect mortgage affordability?
Johnston has property tax rates around 1.5% of assessed value, which is moderate for the Des Moines metro area but higher than some surrounding communities. Lenders factor these taxes into your debt-to-income ratio, so it's important to budget accordingly. Johnston's taxes fund excellent schools and services, which contributes to property value stability that lenders appreciate when underwriting mortgages.
Nearby Cities
Explore mortgage lenders in cities near Johnston, IA
Why Choose a Mortgage Lender in Johnston?
Local Market Knowledge
Lenders who understand Johnston'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 Johnston and get competitive rates on your home loan.