The Best Mortgage Lenders in Long Grove, IA
Compare verified mortgage lenders serving Long Grove, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Long Grove
Featured Mortgage Lenders
Scott County Savings Bank
Scott County Savings Bank
Scott County Savings Bank is a highly-rated community bank serving the entire Quad Cities metro area including Long Grove. With over two decades of experience, they've built an exceptional reputation for personalized mortgage services and competitive local rates. Their mortgage team provides comprehensive lending solutions with the personal attention of a community bank, offering everything from first-time homebuyer programs to jumbo loans and construction financing. They're known for their responsive service, local underwriting decisions, and deep understanding of the Eastern Iowa housing market.
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Ascentra Credit Union
Ascentra Credit Union
Ascentra Credit Union serves the entire Quad Cities region including Long Grove with exceptional mortgage services and member-focused lending. As a not-for-profit financial cooperative, they offer highly competitive rates and low fees to their members. Their mortgage specialists are praised for guiding borrowers through the entire process with exceptional customer service. They specialize in first-time homebuyer programs, VA loans, and offer unique benefits like rate matching and flexible credit requirements that make them a top choice for Eastern Iowa homebuyers.
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Quad City Bank & Trust
Quad City Bank & Trust
Quad City Bank & Trust has been serving the regional mortgage market for nearly three decades with a strong focus on personalized service and local decision-making. They offer a comprehensive range of mortgage products with particular expertise in construction loans and jumbo financing for the area's unique housing needs. Their mortgage team has deep roots in the community and is known for providing competitive rates combined with exceptional customer service. They maintain strong relationships with local real estate professionals and have extensive experience with the specific requirements of Iowa mortgage lending.
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Frequently Asked Questions
Common questions about mortgage lending in Long Grove, IA
What are the current mortgage rates like for homes in Long Grove, IA?
Mortgage rates in Long Grove typically align with national averages but can be influenced by local market conditions. Currently, rates for 30-year fixed mortgages in the Cedar Rapids metro area (which includes Long Grove) range from 6.5% to 7.25%, depending on credit score and loan type. It's advisable to compare rates from local Iowa lenders who understand the specific property values in this rural community.
Are there any first-time homebuyer programs specific to Long Grove, IA?
While Long Grove itself doesn't offer local programs, Iowa's FirstHome Program provides down payment assistance and competitive rates for qualified buyers in Scott County. Additionally, the Iowa Finance Authority's programs are accessible to Long Grove residents and can be particularly helpful given the area's moderate home prices compared to larger metro areas.
How does Long Grove's rural location affect the mortgage process?
Long Grove's rural character can impact appraisals since comparable properties might be limited, potentially requiring appraisers familiar with the area. Some lenders may have specific requirements for rural properties, particularly if the home is on well and septic systems. Working with lenders experienced in Scott County rural properties can streamline this process.
What types of properties typically require special mortgage consideration in Long Grove?
Older farmhouses, properties with acreage, and homes with unique historic features common in Long Grove may require specialized appraisals and potentially different lending criteria. USDA loans are particularly relevant here since much of Long Grove qualifies for rural development loans, which offer 100% financing for eligible properties.
How do property taxes in Long Grove affect mortgage qualification?
Scott County property taxes in Long Grove average approximately 1.4% of assessed value, which lenders factor into debt-to-income ratios. These taxes are generally lower than in nearby urban areas but still significant when calculating monthly payments. Your lender will verify exact tax amounts during underwriting since they impact your overall housing payment.
Why Choose a Mortgage Lender in Long Grove?
Local Market Knowledge
Lenders who understand Long Grove'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 Long Grove and get competitive rates on your home loan.