The Best Mortgage Lenders in Parnell, IA
Compare verified mortgage lenders serving Parnell, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Parnell
Featured Mortgage Lenders
Tom Keninger
Hills Bank
Hills Bank is one of Eastern Iowa's most trusted financial institutions with over a century of service. While headquartered in Iowa City, they have a strong presence throughout Johnson County and serve the Parnell community with personalized mortgage solutions. Their local loan officers understand rural and small-town property financing needs, offering competitive rates on conventional, government-backed, and construction loans. With exceptional customer service ratings and deep community roots, they provide the personal attention smaller communities like Parnell deserve.
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Mike Draper
GreenState Credit Union
GreenState Credit Union, Iowa's largest credit union, has been serving Eastern Iowa communities for over 80 years. They have extensive experience with rural properties and small-town lending throughout Johnson County and surrounding areas. Known for competitive rates and low fees typical of credit unions, they offer specialized programs for first-time homebuyers and flexible underwriting for unique property situations. Their mortgage team receives consistently high marks for responsiveness and guiding members through the entire home financing process.
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Sarah Johnson
U.S. Bank - Iowa City Branch
U.S. Bank brings national lending power with local expertise through their Iowa City branch that serves the Parnell area. They offer a comprehensive range of mortgage products with the stability of one of America's largest banks. Their local loan officers have deep knowledge of Eastern Iowa's real estate market, including rural properties around Parnell. Customers consistently praise their efficient processing, competitive rates for well-qualified buyers, and professional service from application through closing.
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Frequently Asked Questions
Common questions about mortgage lending in Parnell, IA
What are the current average mortgage rates for homebuyers in Parnell, Iowa?
Mortgage rates in Parnell typically align with national averages but can vary slightly based on local lenders. As of recent data, 30-year fixed rates in Iowa range from 6.5% to 7.2%, while 15-year fixed rates are around 5.75% to 6.5%. It's best to check with local Iowa City or Cedar Rapids lenders who serve the Parnell area for the most accurate, personalized rates.
Are there any first-time homebuyer programs specifically available for Parnell residents?
Yes, Parnell homebuyers can access Iowa Finance Authority programs like the FirstHome Loan, which offers competitive interest rates and down payment assistance. Additionally, the Iowa Mortgage Credit Certificate program provides a federal tax credit to reduce your tax liability. These statewide programs are particularly valuable in Parnell's affordable housing market.
How does Parnell's rural location affect the mortgage lending process?
Parnell's rural setting may require additional property considerations, such as well and septic inspections for homes not connected to municipal systems. Some lenders might have specific requirements for rural properties, but USDA loans are an excellent option here since Parnell qualifies for USDA rural development loans that offer 100% financing.
What types of properties are most common in Parnell's mortgage market?
Parnell primarily features single-family homes, many with larger lots and some agricultural acreage. You'll find a mix of older farmhouses and newer construction, with property values typically ranging from $150,000 to $350,000. Lenders in the area are familiar with both standard residential properties and homes with small acreage.
Are there local property tax considerations I should know about when getting a mortgage in Parnell?
Parnell homeowners benefit from Iowa's relatively low property taxes, with Iowa County rates typically around 1.3-1.5% of assessed value. Iowa also offers a homestead tax credit for primary residences, which can significantly reduce your tax burden. Your lender should help you factor these local tax rates into your overall mortgage affordability calculation.
Nearby Cities
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Why Choose a Mortgage Lender in Parnell?
Local Market Knowledge
Lenders who understand Parnell'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 Parnell and get competitive rates on your home loan.