The Best Mortgage Lenders in Paton, IA
Compare verified mortgage lenders serving Paton, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Paton
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender renowned for its exceptional customer service, competitive rates, and extensive loan options. With over 28 years in business, they have a strong Iowa presence and actively serve Paton and rural communities, offering personalized guidance and fast processing times. Their high ratings reflect consistent customer satisfaction and reliability in the mortgage industry.
Loan Types:
Movement Mortgage
Movement Mortgage
Movement Mortgage is highly regarded for its efficient loan processing, community-focused approach, and competitive rates. Founded in 2008, they have built a solid reputation in Iowa, including service to Paton, by emphasizing transparency and customer care. Their strong review scores and years of experience make them a trusted choice for homebuyers in the region.
Loan Types:
Guaranteed Rate
Guaranteed Rate
Guaranteed Rate combines digital innovation with personalized service to offer competitive mortgage solutions. With 24 years in business, they serve Paton and across Iowa, providing a streamlined application process and a wide range of loan products. Their high customer ratings and substantial review count underscore their commitment to excellence and reliability in the mortgage market.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Paton, IA
What are current mortgage rates like for homes in Paton, Iowa?
Mortgage rates in Paton typically align with national averages but can be slightly lower due to the rural nature of the area. As of 2024, you can expect rates around 6.5-7% for 30-year fixed mortgages, though this varies by lender and credit profile. Local lenders familiar with Webster County often offer competitive rates for Paton homebuyers.
Are there any first-time homebuyer programs specifically available in Paton?
Yes, Paton homebuyers can access Iowa Finance Authority programs like the FirstHome program, which offers competitive interest rates and down payment assistance. Additionally, USDA Rural Development loans are particularly relevant for Paton since the entire area qualifies for these zero-down-payment mortgages due to its rural designation.
How does Paton's rural location affect the mortgage process?
Paton's rural status actually provides advantages through USDA loans, but may limit lender options since fewer physical branches operate locally. Many buyers work with regional lenders from Fort Dodge or online lenders. Appraisals might take slightly longer as appraisers often travel from larger nearby cities to evaluate properties.
What are typical property taxes for mortgage payments in Paton?
Property taxes in Paton and Webster County typically range from 1.3% to 1.6% of assessed value, which is moderate for Iowa. For a $150,000 home, expect annual taxes around $2,000-$2,400, which will be included in your monthly mortgage escrow payment. Recent tax assessments have remained relatively stable in the area.
How long does the mortgage approval process typically take in Paton?
The mortgage process in Paton usually takes 30-45 days from application to closing, similar to most rural Iowa communities. Working with lenders experienced in rural properties can streamline the process, though timing can vary based on property inspections and title work from local Webster County providers.
Why Choose a Mortgage Lender in Paton?
Local Market Knowledge
Lenders who understand Paton'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 Paton and get competitive rates on your home loan.