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Chester, MT

The Best Mortgage Lenders in Chester, MT

Compare verified mortgage lenders serving Chester, Montana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
646+
Reviews
10
Loan Types

Available Loan Programs in Chester

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
First-time Homebuyer
Agricultural
Land Loans

Featured Mortgage Lenders

1

First Interstate Bank

First Interstate Bank

★★★★☆
4.8/5

First Interstate Bank is one of Montana's most established and trusted financial institutions with a strong presence in northeastern Montana. While their nearest branch to Chester is in Glasgow (approximately 40 miles away), they actively serve the entire region including Liberty County. They offer comprehensive mortgage services with competitive rates and have built an excellent reputation for personalized service and local decision-making. Their long history in Montana banking and extensive experience with rural properties makes them particularly well-suited for Chester area homebuyers.

Experience:55 years
Reviews:285 customer reviews
501 2nd Street South, Glasgow, MT 59230

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

Independence Mortgage Company

Independence Mortgage Company

★★★★☆
4.7/5

Independence Mortgage Company is a highly-rated Montana-based mortgage lender that serves clients statewide, including the Chester area. They specialize in helping borrowers in rural communities and have extensive experience with USDA rural development loans, which are particularly relevant for Chester homebuyers. Their team provides personalized service and local expertise that national lenders often lack. With nearly 25 years in business and consistently high customer satisfaction ratings, they're known for their competitive rates and smooth closing process.

Experience:24 years
Reviews:189 customer reviews
124 3rd Street North, Great Falls, MT 59401

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinance
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3

Stockman Bank

Stockman Bank of Montana

★★★★☆
4.6/5

Stockman Bank has deep roots in Montana agriculture and rural communities, making them an excellent choice for Chester residents. Their Havre branch serves Liberty County and they have particular expertise with rural property financing, including agricultural and land loans. As a Montana-owned community bank, they understand the unique needs of rural homebuyers and offer local underwriting and decision-making. Their long history in Montana banking and commitment to community development makes them a trusted partner for mortgage financing in northeastern Montana.

Experience:67 years
Reviews:172 customer reviews
301 3rd Street South, Havre, MT 59501

Loan Types:

ConventionalFHAVAUSDAConstructionAgriculturalLand Loans
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Frequently Asked Questions

Common questions about mortgage lending in Chester, MT

Are mortgage rates in Chester, MT, typically higher or lower than the national average?

Mortgage rates in Chester and rural Liberty County often run slightly higher than national averages due to the smaller, less competitive local lending market and the perceived higher risk in low-population areas. However, working with a Montana-based lender familiar with rural communities can help you secure competitive terms. It's always wise to compare offers from local credit unions, regional banks, and national lenders.

What local or state programs can help with a down payment for a home in Chester?

The Montana Board of Housing (MBOH) offers the *Mortgage Credit Certificate (MCC)* and *Bond Program*, which provide below-market interest rates and a federal tax credit for qualified first-time homebuyers statewide, including in Chester. Additionally, the *MBOH Down Payment Assistance* program can provide a second mortgage to help cover down payment and closing costs for eligible buyers, which is particularly helpful given the limited inventory of affordable homes.

How does the appraisal process work for a rural property or acreage near Chester?

Appraising rural properties in Liberty County can be more complex due to the lack of comparable sales ("comps"). Lenders will require an appraiser familiar with agricultural and rural residential properties who can properly value the land, well, septic system, and any outbuildings. This process may take longer and cost more than a standard urban appraisal, so factor this into your timeline and budget.

Are there specific loan considerations for buying an older home in Chester's historic areas?

Yes, many homes in Chester have older construction dates. Lenders may require specific inspections for older systems like wiring, plumbing, and heating. If you're using an FHA 203(k) renovation loan or a conventional loan, the property must still meet minimum safety and livability standards, which could require repairs before closing. A thorough home inspection is crucial to identify any issues that might affect loan approval.

How do lenders view income from farming or ranching when qualifying for a mortgage in Chester?

Lenders in this agricultural community are generally experienced in evaluating variable and seasonal income common to farming, ranching, and oilfield work. You will typically need to provide two years of complete tax returns (including Schedule F) to demonstrate stable average income. Strong documentation is key, and local lenders who understand these industries can be invaluable in helping structure your loan application appropriately.

Mortgage Insights

Finding Your Perfect Mortgage Match in Chester, MT

Searching for a "mortgage loan mortgage lender near me" is about more than just convenience when you're buying a home in Chester, Montana. It's about finding a financial partner who understands the unique rhythm of our local market and the specific opportunities available in Liberty County. While online lenders are an option, there's distinct value in working with a professional who has boots on the ground in our community.

The Chester housing market presents its own considerations. You might be looking at a historic home on Main Street, a newer build on the outskirts, or acreage with room for animals. A local lender understands the appraisals for these different property types in our area. They have established relationships with local appraisers and title companies, which can streamline your closing process significantly. They also grasp the subtle factors that affect value here, from agricultural influences to the appeal of being near the Rocky Mountain Front.

So, where do you start? First, broaden your search beyond just Chester. Look for established lenders in nearby hubs like Shelby, Conrad, or Great Falls who regularly serve Liberty County. These professionals are still "near you" in terms of market knowledge and can often handle everything electronically or with minimal in-person visits. Ask any local real estate agent you're working with for their trusted recommendations; they see which lenders get deals done smoothly.

Montana offers some fantastic programs that a knowledgeable local lender can help you navigate. The Montana Board of Housing (MBOH) offers first-time homebuyer programs with competitive interest rates and down payment assistance. For our rural community, USDA Rural Development loans are a powerful tool, offering 100% financing for eligible properties in and around Chester. A lender familiar with these programs can quickly tell you if you qualify and integrate them into your home search strategy.

Your actionable advice is this: Interview at least two or three local or regional lenders. Don't just compare interest rates—compare service. Ask them: "How many loans have you closed in Liberty County in the last year?" "Can you walk me through the MBOH or USDA process?" "What’s your typical timeline to close here?" Their answers will reveal their local expertise.

Ultimately, your mortgage is a long-term relationship. Choosing a lender who knows Chester means choosing someone who understands the value of a quiet street, the importance of a good shop building, and the dream of owning a piece of Big Sky country. That local insight is priceless, turning a simple online search into the first step toward successfully financing your Montana home.

Nearby Cities

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Why Choose a Mortgage Lender in Chester?

Local Market Knowledge

Lenders who understand Chester'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 Montana.

Ready to Find Your Perfect Mortgage Lender?

Connect with top-rated mortgage professionals in Chester and get competitive rates on your home loan.