The Best Mortgage Lenders in Jordan, MT
Compare verified mortgage lenders serving Jordan, Montana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Jordan
Featured Mortgage Lenders
First State Bank of Jordan
First State Bank of Jordan
First State Bank of Jordan is a deeply rooted community bank with over a century of service in Eastern Montana. Known for its personalized approach and strong local presence, it offers tailored mortgage solutions with a focus on rural and agricultural properties. Customers praise its reliability, competitive rates, and exceptional customer service, making it a top choice for residents in Jordan and surrounding areas.
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Stockman Bank
Stockman Bank of Montana
Stockman Bank is a Montana-based institution with a strong reputation for serving rural communities, including Jordan. With decades of experience, it provides a wide range of mortgage products, competitive rates, and dedicated local support. The bank is highly rated for its customer-centric approach, transparency, and commitment to the region's economic growth.
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First Interstate Bank
First Interstate Bank
First Interstate Bank is a regional leader with a significant presence in Montana, offering comprehensive mortgage services to Jordan residents. It combines extensive experience with modern digital tools, ensuring competitive rates and efficient processing. Highly regarded for its reliability and community involvement, it provides personalized service and a broad array of loan options to meet diverse needs.
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Frequently Asked Questions
Common questions about mortgage lending in Jordan, MT
What are typical mortgage rates like in Jordan, MT, and are they different from larger Montana cities?
Mortgage rates in Jordan are generally aligned with national averages, but local lenders may offer slightly different terms due to the rural market. Borrowers in Garfield County might find that limited local lending competition can affect rate shopping, so it's wise to compare offers from both local Montana banks and larger national lenders. Your specific rate will depend heavily on your credit profile and down payment.
Are there any special loan programs for buying a ranch or land with a home in the Jordan area?
Yes, given the agricultural nature of Garfield County, USDA Rural Development loans are a popular and relevant option for eligible properties and borrowers in the Jordan area. These loans often require no down payment. For larger agricultural operations, you would typically work with the Farm Service Agency (FSA) or a lender specializing in agricultural real estate loans, which have different requirements than standard residential mortgages.
How does the appraisal process work for a home in a remote area like Jordan, given the lack of comparable sales?
Appraisals in Jordan can be challenging due to low sales volume and unique properties. Lenders often require appraisers with specific experience in rural Montana markets who may need to use comparable sales from a wider geographic area or make significant adjustments. This process can sometimes take longer and requires an appraiser willing to travel, which may incur an additional fee.
What should first-time homebuyers in Jordan know about available down payment assistance?
First-time homebuyers in Jordan should explore the Montana Board of Housing (MBOH) programs, which offer competitive rates and down payment assistance through initiatives like the *Mortgage Credit Certificate (MCC)* and the *Bond Advantage* program. These state-wide programs are accessible in Garfield County and can provide significant tax credits or assistance with closing costs and down payments for qualifying individuals.
Does the extreme rural location of Jordan affect the type of home insurance required for a mortgage?
Absolutely. Lenders will require adequate homeowners insurance, but in Jordan, you may face higher premiums or specific requirements due to wildfire risk and the distance from a fire hydrant or fire station. You may also need to consider separate policies for specific risks like wind/hail or consider a broader farm-ranch policy if your property includes outbuildings or livestock, which your lender will need to approve.
Why Choose a Mortgage Lender in Jordan?
Local Market Knowledge
Lenders who understand Jordan'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 Jordan and get competitive rates on your home loan.