The Best Mortgage Lenders in Huntley, MT
Compare verified mortgage lenders serving Huntley, Montana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Huntley
Featured Mortgage Lenders
Summit Mortgage Corporation
Summit Mortgage Corporation
Summit Mortgage Corporation is a highly-rated local lender with deep roots in Montana, known for personalized service and a wide range of loan products. They have consistently high customer satisfaction ratings and are praised for their competitive rates, efficient processing, and expertise in serving rural areas like Huntley. With over two decades of experience, they offer tailored solutions for first-time homebuyers and investors alike, backed by strong community involvement and responsive support.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a nationally recognized lender with a strong local presence in Billings, serving Huntley and surrounding areas. They are renowned for their innovative technology, competitive rates, and exceptional customer service, earning numerous industry awards. Their team provides comprehensive guidance through the mortgage process, specializing in various loan types with a focus on transparency and reliability, making them a top choice for homebuyers in southeastern Montana.
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Caliber Home Loans
Caliber Home Loans
Caliber Home Loans is a leading national mortgage lender with a dedicated team serving the Huntley area through their Billings office. They offer a comprehensive suite of loan options and are praised for their streamlined application process, competitive rates, and responsive customer support. With a focus on digital efficiency and personalized service, Caliber has built a strong reputation for helping clients navigate complex mortgage scenarios, ensuring a smooth experience from application to closing.
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Frequently Asked Questions
Common questions about mortgage lending in Huntley, MT
Are there any special mortgage programs for first-time homebuyers in Huntley, MT?
Yes, the Montana Board of Housing (MBOH) offers the "Home of Your Own" program, which provides competitive interest rates and down payment assistance for eligible first-time buyers in Huntley. This program is particularly valuable given the area's more limited housing inventory, helping local buyers compete. Additionally, some lenders in the region may offer USDA Rural Development loans, which are widely applicable in Huntley due to its rural designation.
How does Huntley's rural location and smaller market affect the mortgage approval and appraisal process?
The rural nature of Huntley can mean fewer comparable home sales ("comps") for appraisers to use, which may require appraisers to look at properties in broader areas like Billings or Shepherd. This can sometimes lead to appraisal challenges or delays. It's advisable to work with a lender experienced in rural Montana properties who understands how to navigate these appraisals effectively.
What are typical down payment requirements for homes in Huntley, and are there low-down-payment options?
While conventional loans often require 5-20% down, many Huntley buyers utilize government-backed loans with lower requirements. USDA loans, for which nearly all of Huntley qualifies, allow for 0% down. FHA loans require only 3.5% down, and VA loans offer 0% down for eligible veterans and service members, which is relevant given Montana's veteran population.
Does the proximity to the Yellowstone River or flood zones in the Huntley area impact mortgage requirements?
Yes, properties in designated Special Flood Hazard Areas (SFHAs) near the Yellowstone River or irrigation canals will require mandatory flood insurance as a condition of the mortgage. Lenders will order a Flood Zone Determination during the process. This is a crucial cost factor to consider when budgeting for a home in certain parts of the Huntley area.
Are mortgage rates in Huntley, MT, different from those in larger cities like Billings?
Mortgage rates are generally set on a national and state level, so rates in Huntley are typically similar to those in Billings. However, your final rate is personalized based on credit, loan type, and down payment. Working with a local Montana lender or credit union, such as those in nearby Billings, can provide access to competitive rates and a better understanding of the local Huntley real estate market.
Why Choose a Mortgage Lender in Huntley?
Local Market Knowledge
Lenders who understand Huntley'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 Huntley and get competitive rates on your home loan.