The Best Mortgage Lenders in Olds, IA
Compare verified mortgage lenders serving Olds, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Olds
Featured Mortgage Lenders
Mortgage Solutions Team
GreenState Credit Union
GreenState Credit Union (formerly University of Iowa Community Credit Union) is one of Iowa's most highly-rated mortgage lenders with extensive experience serving rural communities throughout eastern Iowa. While based in larger cities, they actively serve smaller towns like Olds with competitive rates and personalized service. Their mortgage team specializes in rural property financing and offers comprehensive guidance through the entire home buying process. Members consistently praise their responsive service, local underwriting decisions, and expertise with USDA rural development loans that are particularly relevant for Olds residents.
Loan Types:
Mortgage Department
Two Rivers Bank & Trust
Two Rivers Bank & Trust has built a strong reputation throughout southeastern Iowa with multiple branches serving rural communities. Their mortgage team has deep experience with agricultural-area properties and understands the unique needs of homebuyers in towns like Olds. They offer local decision-making and maintain long-term relationships with clients, providing both purchase and refinance options. Customers consistently highlight their competitive rates, transparent process, and the bank's commitment to community banking principles that benefit smaller Iowa towns.
Loan Types:
Mortgage Lending Team
Hills Bank and Trust Company
Hills Bank has been serving eastern Iowa communities for over a century and maintains a strong presence in Henry County, where Olds is located. Their Mount Pleasant branch provides convenient local service with expertise in rural mortgage financing. The bank is particularly noted for its agricultural lending expertise and understanding of property types common in the Olds area. Customers consistently praise their knowledgeable loan officers, competitive rural property rates, and the bank's deep community roots. They offer a full range of mortgage products with local underwriting and decision-making.
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Frequently Asked Questions
Common questions about mortgage lending in Olds, IA
What are the current mortgage rates like for homes in Olds, Iowa?
Mortgage rates in Olds typically align with national averages but can vary based on property type and local lender competition. For rural properties common in Olds, some lenders may offer slightly different rates. It's best to check with local Iowa lenders and credit unions for the most accurate current rates.
Are there any special mortgage programs for first-time homebuyers in Olds?
Yes, Iowa offers the FirstHome program through the Iowa Finance Authority, which provides competitive interest rates and down payment assistance. This program is available throughout Iowa, including Olds, and can be particularly helpful given the area's affordable housing market.
How does Olds' rural location affect the mortgage process?
Olds' rural setting may require additional property inspections, particularly for wells and septic systems, which are common in the area. Some lenders might have specific requirements for rural properties, so it's important to work with a lender experienced with rural Iowa mortgages.
What types of properties are most common in Olds and how does this affect financing?
Olds features primarily single-family homes and some agricultural properties. Conventional loans work well for most properties, but if you're considering a home with acreage or agricultural features, you may need to explore rural development loans or agricultural-specific financing options.
Are there local property tax considerations I should know about when getting a mortgage in Olds?
Yes, Henry County property taxes are an important factor in your monthly payment calculation. Olds has relatively low property tax rates compared to urban areas in Iowa, but you should verify current rates with the Henry County Assessor's office as they directly impact your escrow payments.
Why Choose a Mortgage Lender in Olds?
Local Market Knowledge
Lenders who understand Olds'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 Olds and get competitive rates on your home loan.