The Best Mortgage Lenders in Solon, IA
Compare verified mortgage lenders serving Solon, Iowa. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Solon
Featured Mortgage Lenders
Hills Bank
Hills Bank and Trust Company
Hills Bank is a highly respected regional institution with deep roots in Eastern Iowa, serving Solon and surrounding communities for over eight decades. They consistently receive exceptional ratings for their personalized service, competitive rates, and local decision-making. As a community-focused bank, they offer the full spectrum of mortgage products with the advantage of working directly with local loan officers who understand the Solon area market. Their strong capital position and longstanding reputation make them a top choice for home financing in Johnson County.
Loan Types:
Collins Community Credit Union
Collins Community Credit Union
Collins Community Credit Union has been serving Eastern Iowa residents including those in Solon for over 70 years, earning outstanding customer satisfaction ratings for their member-focused approach to mortgage lending. They offer competitive rates and flexible terms with particular strength in first-time homebuyer programs and low-down-payment options. Their mortgage specialists are praised for guiding members through the entire process with transparency and expertise. As a not-for-profit financial cooperative, they consistently rank among the top mortgage lenders in the region for customer service and satisfaction.
Loan Types:
Iowa Mortgage Professionals
Iowa Mortgage Professionals, LLC
Iowa Mortgage Professionals is a highly-rated mortgage brokerage firm that serves Solon and throughout Eastern Iowa, earning nearly perfect customer reviews for their exceptional service and expertise. They work with multiple lenders to find the best rates and terms for each client's unique situation. Their team of experienced mortgage advisors is particularly noted for their responsiveness, attention to detail, and ability to navigate complex financing scenarios. While newer than traditional banks, they've built an outstanding reputation for securing competitive mortgage solutions and providing white-glove service throughout the home buying process.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Solon, IA
What are the current mortgage rates like for homes in Solon, IA?
Mortgage rates in Solon are generally competitive with national averages, but local lenders may offer specific promotions. It's wise to compare rates from both local credit unions, like Hills Bank, and national lenders, as Solon's strong community and steady growth can sometimes yield favorable terms for well-qualified buyers.
Are there any first-time homebuyer programs specifically available in Solon?
While Solon itself doesn't offer a city-specific program, Iowa Finance Authority programs like FirstHome and FirstHome Plus are widely accessible to Solon residents. These provide competitive interest rates and down payment assistance, which is especially helpful given the town's proximity to Iowa City and its rising home values.
How does Solon's growth and proximity to Iowa City affect mortgage lending and home values?
Solon's status as a growing community near Iowa City makes it attractive, often leading to quicker home value appreciation. Lenders may view properties here as stable investments, but you should be prepared for a competitive market where pre-approval and strong offers are crucial to securing a mortgage on your desired home.
What should I know about property taxes in Solon when applying for a mortgage?
Johnson County, which includes Solon, has property taxes that are factored into your monthly mortgage payment via an escrow account. Solon's rates are generally moderate for the area, but it's important to get an accurate estimate during the pre-approval process, as taxes can impact your debt-to-income ratio and overall affordability.
Are USDA loans a viable option for homes in Solon, IA?
Yes, USDA loans are an excellent option for Solon homebuyers, as the entire city is eligible for USDA rural housing programs. This means eligible buyers can purchase with no down payment, which is a significant advantage in a market where saving for a down payment can be a hurdle for many.
Why Choose a Mortgage Lender in Solon?
Local Market Knowledge
Lenders who understand Solon'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 Solon and get competitive rates on your home loan.