The Best Mortgage Lenders in Saco, MT
Compare verified mortgage lenders serving Saco, Montana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Saco
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its competitive rates, personalized service, and extensive experience in serving Montana's rural communities, including Saco. With over 28 years in business, they excel in offering a wide range of loan options and have a strong reputation for customer satisfaction, backed by hundreds of positive reviews highlighting their efficiency and support throughout the mortgage process.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its streamlined lending process and commitment to community engagement in Montana. With 16 years of experience, they provide flexible loan products tailored to rural areas like Saco, and their high customer ratings reflect exceptional service, quick closings, and dedicated support from local loan officers.
Loan Types:
New American Funding
New American Funding
New American Funding offers a comprehensive suite of mortgage solutions with a focus on affordability and customer care, serving clients across Montana including Saco. Founded in 2003, they have built a strong reputation for their innovative loan programs, responsive service, and high satisfaction ratings, making them a reliable choice for homebuyers in the region.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Saco, MT
What are typical down payment requirements for homes in Saco, MT, given the lower average home prices?
Due to Saco's more affordable rural market, many conventional loans can be secured with a 5% down payment, and some local lenders may offer portfolio loans with even more flexibility. For a home priced around $150,000, a 3% down FHA loan ($4,500) is also a very common and accessible option for buyers in the area.
Are there any Montana-specific first-time homebuyer programs that are useful in Saco?
Yes, the Montana Board of Housing (MBOH) offers the "Mortgage Credit Certificate (MCC)" and "Bond Advantage" programs, which are available statewide, including in Saco. These programs can provide a federal tax credit or competitive interest rates for eligible first-time buyers, which is particularly helpful for households with moderate incomes in Phillips County.
How does the appraisal process work for a unique or rural property in Saco?
Appraising rural properties in Saco can require a specialist familiar with agricultural land, acreages, and well/septic systems. Lenders will often seek an appraiser from a nearby hub like Glasgow or Malta who understands the local market nuances, as comparable sales ("comps") may be limited and spaced further apart in time.
What should I know about property taxes and insurance when calculating my mortgage payment in Saco?
Phillips County property taxes are generally lower than state and national averages, which helps keep overall housing costs down. However, you should budget for potentially higher homeowners insurance premiums due to the rural location, which can include factors like distance from a fire department and the need for supplemental coverage for outbuildings.
Are USDA Rural Development loans a viable option for mortgages in Saco, MT?
Absolutely. Saco and the surrounding area are almost certainly eligible for USDA RD loans, which offer 100% financing (no down payment). This is one of the most advantageous programs for buyers in Saco, given its designation as a rural community, making homeownership more accessible for low-to-moderate income households.
Why Choose a Mortgage Lender in Saco?
Local Market Knowledge
Lenders who understand Saco'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 Saco and get competitive rates on your home loan.