The Best Mortgage Lenders in Scranton, IA
Compare verified mortgage lenders serving Scranton, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Scranton
Featured Mortgage Lenders
Fairway Independent Mortgage - West Des Moines
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is consistently top-rated for its exceptional customer service, competitive rates, and efficient loan processing. With over 25 years in business, they have a strong presence in Iowa and serve Scranton through their West Des Moines office. They are known for personalized service, a wide range of loan options, and high customer satisfaction scores, making them a reliable choice for homebuyers in the area.
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Movement Mortgage - Ankeny
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its fast closings, transparent processes, and excellent customer support. Founded in 2008, they have built a strong reputation in Iowa, including service to Scranton, with a focus on community involvement and competitive lending solutions. Their high review counts and consistent ratings reflect their commitment to making the mortgage experience smooth and stress-free.
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Caliber Home Loans - Iowa Region
Caliber Home Loans, Inc.
Caliber Home Loans offers a robust suite of mortgage products with a strong emphasis on customer satisfaction and competitive rates. As a national lender with a significant presence in the Midwest, they serve Scranton and surrounding areas, providing reliable service and expertise. Their years of experience and high customer review counts demonstrate their ability to handle diverse loan needs effectively.
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Frequently Asked Questions
Common questions about mortgage lending in Scranton, IA
What are the current average mortgage rates for homebuyers in Scranton, Iowa?
Mortgage rates in Scranton typically align with national averages but can vary based on local lenders. Currently, 30-year fixed rates range between 6.5-7% in the area, though rural properties might see slightly higher rates. It's best to check with local institutions like Scranton Manufacturing Credit Union or regional banks for the most competitive offers.
Are there any first-time homebuyer programs specifically available in Scranton?
Yes, Scranton homebuyers can access Iowa Finance Authority programs like the FirstHome program, which offers competitive interest rates and down payment assistance. Additionally, Greene County may have local housing initiatives, though options are more limited in smaller communities. Many Scranton residents also qualify for USDA rural development loans given the area's classification.
How does Scranton's rural location affect mortgage lending options?
Scranton's rural designation makes many properties eligible for USDA loans, which offer 100% financing with no down payment required. However, some national lenders may have stricter requirements for rural appraisals. Local lenders familiar with Greene County property values often provide more flexible underwriting for Scranton's unique housing stock.
What special considerations should I know about property taxes when getting a mortgage in Scranton?
Greene County property taxes in Scranton are relatively moderate compared to urban Iowa areas, typically ranging from 1.3-1.6% of assessed value. Your mortgage lender will factor these into your escrow calculations, and first-time buyers should note Iowa's homestead tax credit can reduce tax burdens for primary residences.
Are there local down payment assistance programs for Scranton homebuyers?
While Scranton itself doesn't offer city-specific programs, Greene County residents can access the Iowa Finance Authority's Down Payment Assistance program, which provides up to $5,000 as a 0% interest loan. Some local employers in the agriculture and manufacturing sectors may also offer housing assistance programs for employees buying in the area.
Why Choose a Mortgage Lender in Scranton?
Local Market Knowledge
Lenders who understand Scranton'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 Scranton and get competitive rates on your home loan.