The Best Mortgage Lenders in Gildford, MT
Compare verified mortgage lenders serving Gildford, Montana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Gildford
Featured Mortgage Lenders
First Source Credit Union Mortgage Department
First Source Credit Union
First Source Credit Union stands out as the premier local mortgage lender serving the Gildford area with deep community roots and exceptional member service. As a member-owned financial cooperative, they offer highly competitive rates and personalized mortgage solutions tailored to rural Montana residents. Their mortgage specialists have extensive experience with agricultural properties and rural home financing, including USDA loans which are particularly relevant for the Gildford area. With multiple branches throughout north-central Montana and a reputation for responsive, local decision-making, they provide the combination of competitive pricing and exceptional service that makes them a top choice for Hill County homebuyers.
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Stockman Bank Mortgage Division
Stockman Bank
Stockman Bank has built an outstanding reputation across Montana for understanding the unique needs of rural communities like Gildford. Their mortgage team specializes in agricultural and rural property financing with deep expertise in land loans and construction lending. What sets them apart is their local underwriting and decision-making process, allowing for more flexible consideration of unique property situations common in rural Hill County. They consistently receive high marks for their knowledgeable loan officers who take time to educate borrowers and guide them through the entire mortgage process. Their strong capital base and Montana-focused approach make them a reliable choice for Gildford area home financing.
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Glacier Bank Mortgage Services
Glacier Bank
Glacier Bank brings substantial regional strength and mortgage expertise to the Gildford market through their established Havre branch. They offer a comprehensive range of mortgage products with particularly strong programs for first-time homebuyers and rural property financing. Their mortgage team receives consistent praise for their responsiveness and ability to close loans efficiently while maintaining competitive rates. As a Montana-based community bank with significant presence across the region, they understand the local real estate market dynamics and provide the personalized service that rural borrowers appreciate. Their long-standing commitment to Montana communities and extensive experience with rural property types make them an excellent mortgage partner for Gildford residents.
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Frequently Asked Questions
Common questions about mortgage lending in Gildford, MT
What are the typical down payment requirements for buying a home in Gildford, MT, given its rural setting?
In Gildford and surrounding Hill County, many lenders offer USDA Rural Development loans, which require **0% down payment** for eligible buyers and properties. This is a major advantage for the area. Conventional loans typically still require 3-20% down, but the prevalence of USDA loans makes homeownership more accessible in this qualifying rural community.
Are there any local or state-specific first-time homebuyer programs that can help with purchasing in Gildford?
Yes, the Montana Board of Housing (MBOH) offers the **Mortgage Credit Certificate (MCC)** and down payment assistance programs. These are available statewide, including in Gildford, and can provide a significant federal tax credit and help with closing costs. Working with a lender familiar with these Montana-specific programs is key to accessing these benefits.
How does the appraisal process work for a unique or agricultural property near Gildford?
Appraisals in this rural area can be more complex. Lenders will require an appraiser with specific expertise in valuing rural properties, which may include land valuation, outbuildings, and well/septic systems. This process can take longer and sometimes cost more than a standard urban appraisal, so it's important to factor this into your timeline and budget.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Gildford?
Hill County property taxes are generally moderate, but you must account for **flood insurance** if your property is in a designated flood zone near the Milk River or its tributaries. Additionally, due to the remote fire response, homeowner's insurance premiums can be higher than in urban areas. Your lender will help you escrow for these specific local costs.
Are jumbo loans common in Gildford's real estate market, and what are the local conforming loan limits?
Jumbo loans are exceedingly rare in Gildford's market, where home prices are well below national averages. The conforming loan limit for Hill County, MT, for a single-family home is the standard baseline set by the FHFA ($ in 2024). Most mortgages in the area will be well within this limit, allowing for more competitive conventional, FHA, and VA loan options.
Why Choose a Mortgage Lender in Gildford?
Local Market Knowledge
Lenders who understand Gildford'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 Gildford and get competitive rates on your home loan.