The Best Mortgage Lenders in Hays, MT
Compare verified mortgage lenders serving Hays, Montana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hays
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates, serving Hays and throughout Montana. With over 28 years of experience, they specialize in a wide range of loan products, including government-backed options ideal for rural areas like Hays. Their high ratings stem from personalized service, fast processing times, and a strong local presence in Billings, making them a trusted choice for homebuyers in Blaine County and surrounding regions.
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Guaranteed Rate
Guaranteed Rate
Guaranteed Rate is a highly reputable mortgage lender with a strong national presence and dedicated service in Montana, including Hays. Founded in 2000, they offer innovative digital tools alongside personalized support, resulting in high customer satisfaction ratings. Their expertise in various loan types, including FHA and USDA loans suited for rural properties, combined with competitive rates and a local office in Great Falls, ensures reliable service for homebuyers in the Hays area.
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Movement Mortgage
Movement Mortgage
Movement Mortgage is a well-regarded lender known for its community-focused approach and efficient loan processing, serving Hays and broader Montana. With 16 years of experience, they provide a variety of mortgage options, including VA and USDA loans that benefit rural homebuyers. Their high customer ratings reflect a commitment to transparency, quick closings, and local support through their Billings office, making them a solid choice for residents in Hays seeking reliable financing.
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Frequently Asked Questions
Common questions about mortgage lending in Hays, MT
What are the unique challenges of getting a mortgage for a property in rural Hays, MT, and how can I prepare?
Lenders may have stricter requirements for rural properties in Hays due to factors like well and septic systems, distance from fire hydrants, and unique property appraisals that can be more complex. To prepare, have thorough inspections of all independent systems and be ready to provide detailed documentation. Working with a local lender familiar with Big Horn County's rural appraisal process is highly advantageous.
Are there any Montana or local first-time homebuyer programs accessible to residents of Hays?
Yes, the Montana Board of Housing (MBOH) offers the "Mortgage Credit Certificate (MCC)" and "Bond Program" which provide competitive interest rates and potential federal tax credits for qualified first-time buyers in Hays. These programs have income and purchase price limits, but they are designed to be accessible for the area's typical household incomes. A local loan officer can help determine your eligibility.
How do property types common in Hays, like land or homes on the Fort Belknap Indian Reservation, affect mortgage options?
Financing for land-only purchases typically requires a higher down payment (often 20-50%) and different loan terms than a traditional mortgage. For properties within the Fort Belknap Indian Reservation, it's crucial to understand the land status (trust land, fee simple, etc.), as this can significantly impact the type of loan available. Consulting with lenders experienced in these specific transactions is essential.
What is a typical down payment expectation for a home in Hays, MT, given the local market?
While 20% down avoids private mortgage insurance (PMI), many buyers in Hays utilize programs like USDA Rural Development loans, which offer 0% down payment options for eligible borrowers and properties. For conventional loans, local lenders often work with down payments as low as 3-5%, but your specific terms will depend on creditworthiness and the property's appraisal.
Why is it important to use a local Montana lender or broker when getting a mortgage in Hays instead of a national online bank?
Local lenders and credit unions, such as those in Havre or nearby communities, have firsthand knowledge of Hays's property values, the challenges of rural appraisals, and the nuances of the local economy. They are also more familiar with state-specific programs like the MBOH offerings and can provide personalized service that national lenders may not be equipped for in a remote location.
Why Choose a Mortgage Lender in Hays?
Local Market Knowledge
Lenders who understand Hays'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 Hays and get competitive rates on your home loan.