The Best Mortgage Lenders in Nevada, IA
Compare verified mortgage lenders serving Nevada, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Nevada
Featured Mortgage Lenders
Scott L. Miller
First National Bank
First National Bank has been serving the Nevada, Iowa community for over 120 years, making it one of the most established and trusted local financial institutions. With deep roots in Story County, they offer personalized mortgage services with local underwriting and decision-making. Their experienced loan officers like Scott Miller provide competitive rates and guidance through the entire home financing process, from application to closing. The bank is particularly known for its construction and agricultural lending expertise, serving both urban and rural properties in the area.
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Mike Hirst
Greater Iowa Credit Union
Greater Iowa Credit Union serves members throughout Story County, including Nevada residents, with a strong reputation for competitive mortgage rates and exceptional member service. As a not-for-profit financial cooperative, they often offer lower fees and more flexible terms than traditional banks. Their mortgage team provides comprehensive guidance for first-time homebuyers and experienced homeowners alike, with special programs for agricultural and rural properties. The credit union is known for its community involvement and personalized approach to mortgage lending.
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John Knapp
Hills Bank
Hills Bank has been a trusted regional lender serving central Iowa communities including Nevada for over a century. They offer a comprehensive range of mortgage products with the advantage of local decision-making and personalized service. The bank is particularly strong in construction lending and agricultural property financing, understanding the unique needs of Iowa homeowners. Their experienced mortgage team provides competitive rates and guidance through the entire home buying process, with a reputation for reliability and community commitment throughout Story County and surrounding areas.
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Frequently Asked Questions
Common questions about mortgage lending in Nevada, IA
What are the current average mortgage rates for homebuyers in Nevada, IA?
Mortgage rates in Nevada, IA, typically align with national averages but can vary based on local lender competition and property type. As of recent trends, 30-year fixed rates often range between 6.5% to 7%, but it's best to check with local lenders like First National Bank or Iowa State Savings Bank for the most accurate, up-to-date quotes. Your specific rate will depend on your credit score, loan amount, and down payment.
Are there any first-time homebuyer programs available specifically in Nevada, IA?
Yes, Nevada homebuyers can access statewide programs like the Iowa Finance Authority's FirstHome Loan program, which offers competitive interest rates and down payment assistance. Additionally, some local lenders may offer special incentives for first-time buyers purchasing in Story County. It's wise to consult with a mortgage advisor familiar with Iowa's programs to determine your eligibility.
How does Nevada, IA's property tax system affect my mortgage payments?
Nevada, IA, is located in Story County, which has property tax rates that influence your monthly escrow payments. Story County's effective property tax rate is approximately 1.4% to 1.6%, which is relatively moderate for Iowa. Your lender will calculate these taxes into your monthly mortgage payment, so be sure to factor this into your budget when considering homes in the area.
What types of mortgages are most common for homes in Nevada, IA's market?
In Nevada's affordable housing market, conventional fixed-rate mortgages are popular due to stable payments over time. FHA loans are also common, especially for buyers with smaller down payments, given Nevada's median home prices. USDA loans may be an option for eligible buyers looking at properties just outside the city limits in rural Story County areas.
How does the local real estate market in Nevada, IA, impact mortgage lending and appraisals?
Nevada's real estate market has seen steady growth with modest home value increases, which can positively influence appraisal values and loan approvals. Lenders in the area are familiar with local market trends and typically require appraisals that reflect current sales in Story County. It's advisable to work with a lender who understands Nevada's specific neighborhood values to ensure a smooth mortgage process.
Why Choose a Mortgage Lender in Nevada?
Local Market Knowledge
Lenders who understand Nevada'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 Nevada and get competitive rates on your home loan.