The Best Mortgage Lenders in Liscomb, IA
Compare verified mortgage lenders serving Liscomb, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Liscomb
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is highly rated for its exceptional customer service, competitive rates, and extensive experience in the Iowa market. With a strong local presence in West Des Moines, they serve Liscomb and surrounding areas, offering personalized mortgage solutions. Their reputation for reliability and high customer satisfaction makes them a top choice for homebuyers seeking a smooth and transparent lending process.
Loan Types:
New American Funding
New American Funding
New American Funding is renowned for its diverse loan options and commitment to customer satisfaction, with a solid track record in serving Iowa communities like Liscomb. They emphasize educational resources and flexible financing, making them ideal for first-time homebuyers and those with unique financial needs. Their local office in Urbandale ensures accessible, personalized service backed by strong industry ratings.
Loan Types:
Caliber Home Loans
Caliber Home Loans Inc.
Caliber Home Loans offers a wide range of mortgage products with a focus on personalized service and competitive rates, serving Liscomb and central Iowa reliably. Their experienced team provides tailored advice and efficient processing, supported by strong customer reviews and a commitment to community involvement. As an established lender with a Des Moines office, they combine national resources with local expertise for optimal results.
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Frequently Asked Questions
Common questions about mortgage lending in Liscomb, IA
What are the current mortgage rates like in Liscomb, Iowa?
Mortgage rates in Liscomb are generally competitive with national averages, but local lenders may offer slightly better terms due to the rural market. As of late 2023, 30-year fixed rates typically range from 6.5% to 7.25%, though this varies by lender and borrower qualifications. It's wise to compare offers from both local community banks and regional lenders serving Marshall County.
Are there any first-time homebuyer programs specific to Liscomb?
Yes, the Iowa Finance Authority offers statewide programs like the FirstHome and FirstHome Plus programs, which provide affordable mortgage options and down payment assistance. These programs are available to Liscomb residents and can be particularly valuable given the area's moderate home prices. Local lenders like Liscomb Savings Bank are familiar with these programs and can help you apply.
How does Liscomb's rural location affect the mortgage process?
Liscomb's rural setting may require additional property considerations, such as well and septic inspections, which can affect loan approval. USDA loans are particularly relevant here, offering 100% financing for eligible rural properties in and around Liscomb. Appraisals might take slightly longer due to fewer comparable sales in the immediate area.
What types of properties are most common in Liscomb's mortgage market?
Liscomb's mortgage market primarily consists of single-family homes and agricultural properties, with many older, well-maintained houses built in the early to mid-20th century. You'll find that conventional loans work for most properties, but FHA loans can be helpful for older homes that might need minor repairs. Manufactured homes on permanent foundations are also common and eligible for financing through specific programs.
Are property taxes in Liscomb typically included in mortgage payments?
Yes, most lenders in Marshall County, including Liscomb, will include property taxes in your monthly mortgage payment through an escrow account. Liscomb's property taxes are generally lower than national averages, currently around 1.1% of assessed value. Your lender will calculate this based on the specific property's tax assessment and include it in your payment estimate.
Why Choose a Mortgage Lender in Liscomb?
Local Market Knowledge
Lenders who understand Liscomb'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 Liscomb and get competitive rates on your home loan.