The Best Mortgage Lenders in Perry, IA
Compare verified mortgage lenders serving Perry, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Perry
Featured Mortgage Lenders
LoanDepot
LoanDepot, LLC
LoanDepot is a highly-rated national mortgage lender with a strong local presence in Iowa, serving Perry and surrounding areas. Known for competitive rates and a streamlined online application process, they excel in customer satisfaction with personalized service. Their extensive loan options and efficient closing times make them a top choice for homebuyers in the region.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a premier mortgage lender with a robust Des Moines office that actively serves Perry residents. They are renowned for their technology-driven approach, offering real-time rate tracking and a seamless digital experience. With high customer ratings for transparency and expert guidance, they provide tailored solutions for first-time and repeat homebuyers alike.
Loan Types:
New American Funding
New American Funding
New American Funding is a top-rated lender with a dedicated Iowa team that covers Perry, offering diverse loan programs and a focus on community engagement. They are praised for their inclusive lending practices, including options for low-to-moderate income borrowers, and have a reputation for responsive customer service and competitive rates.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Perry, IA
What are current mortgage rates like for homes in Perry, IA?
Mortgage rates in Perry typically align with national averages but can be slightly lower due to Iowa's stable housing market. As of late 2024, you can expect 30-year fixed rates around 6.5-7% for qualified buyers. Local lenders like First Federal Savings Bank of Perry often offer competitive rates specifically for Perry residents.
Are there any first-time homebuyer programs specifically available in Perry?
Yes, Perry homebuyers can access Iowa Finance Authority programs like the FirstHome program, which offers competitive interest rates and down payment assistance. Additionally, the City of Perry occasionally partners with local lenders to offer special financing for first-time buyers purchasing in designated neighborhoods.
How does Perry's property tax system affect my mortgage payments?
Dallas County property taxes in Perry average approximately 1.5% of assessed value, which is factored into your monthly mortgage escrow payments. The current tax rate means a $200,000 home would have about $3,000 annually in property taxes, adding roughly $250 to your monthly mortgage payment.
What special considerations should I know about getting a mortgage for Perry's older historic homes?
Many homes in Perry's historic districts require special attention during the mortgage process. You'll want to ensure the appraiser has experience with historic properties, and consider an FHA 203(k) loan if renovations are needed. Local lenders familiar with Perry's historic preservation requirements can guide you through this process.
Are there any local down payment assistance programs for Perry homebuyers?
The City of Perry offers a Down Payment Assistance Program that provides up to $5,000 for eligible buyers, particularly those purchasing in target areas. Additionally, the Iowa Association of Realtors partners with local lenders to offer grants and special financing options for Perry residents meeting income guidelines.
Why Choose a Mortgage Lender in Perry?
Local Market Knowledge
Lenders who understand Perry'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 Perry and get competitive rates on your home loan.