The Best Mortgage Lenders in Glendive, MT
Compare verified mortgage lenders serving Glendive, Montana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Glendive
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a top-rated national lender known for its efficient digital mortgage process and exceptional customer service, with a strong presence in Montana including Glendive. They specialize in various loan types, particularly USDA loans which are beneficial for rural areas like Eastern Montana. Their high ratings stem from quick closings, competitive rates, and dedicated local loan officers who understand the regional market.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly reputable lender with a significant footprint in Montana, including service to Glendive through local branches and online platforms. They are praised for personalized service, competitive rates, and expertise in government-backed loans like VA and USDA, making them ideal for Montana's diverse homebuyer needs. Their long track record and numerous positive reviews highlight reliability and customer satisfaction.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a leading national mortgage lender with a strong reputation for innovation and customer-centric approaches, serving Glendive and surrounding areas in Montana. They offer a user-friendly online application process and have local advisors available for in-person support. High ratings are driven by their competitive rates, transparency, and efficiency in handling various loan types, including options suited for first-time homebuyers and investment properties in Eastern Montana.
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Frequently Asked Questions
Common questions about mortgage lending in Glendive, MT
What are the current mortgage rates like in Glendive, MT, and how do they compare to state or national averages?
Mortgage rates in Glendive are generally competitive with national averages but can be slightly influenced by local lender competition and the rural nature of the market. It's common to see rates for a 30-year fixed mortgage within 0.125% to 0.25% of the national average. Working with a local lender familiar with Dawson County is key, as they may have access to specific programs or relationships that can offer favorable terms.
Are there any down payment assistance or first-time homebuyer programs specifically available for Glendive residents?
Yes, the Montana Board of Housing (MBOH) offers several programs statewide, including the "Mortgage Credit Certificate (MCC)" and "Bond Advantage" program, which are accessible to Glendive homebuyers meeting income and purchase price limits. These programs can provide below-market interest rates and federal tax credits. Additionally, local lenders may have knowledge of community-specific grants or assistance, so it's important to inquire directly.
How does the appraisal process work in Glendive's unique housing market, given the mix of older homes and newer construction?
Appraisals in Glendive can be challenging due to a smaller pool of comparable sales ("comps"), especially for unique or historic properties. Appraisers often need to look at a wider geographic area within Dawson County or consider sales from several months prior. For newer construction, comparisons might be drawn from nearby communities like Sidney. A local lender will work with appraisers experienced in the area to ensure a fair valuation.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Glendive?
Dawson County property taxes are a significant component of your payment and are typically lower than national averages but vary based on the property's assessed value. Homeowners insurance in Glendive is generally affordable, but it's wise to factor in potential for specific riders, such as for sump pumps due to proximity to the Yellowstone River. Your lender will help you estimate these escrow items accurately based on the specific property.
Are USDA Rural Development loans a common and viable option for mortgages in Glendive, Montana?
Absolutely. Glendive is eligible for USDA Rural Development loans, which are a popular and excellent option for many buyers in the area. These loans offer 100% financing (no down payment) for qualified borrowers and properties that meet program guidelines. Given Glendive's population and location, a large portion of homes in and around the city qualify, making this a key program for buyers with moderate incomes.
Why Choose a Mortgage Lender in Glendive?
Local Market Knowledge
Lenders who understand Glendive'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 Glendive and get competitive rates on your home loan.