The Best Mortgage Lenders in Troy, MT
Compare verified mortgage lenders serving Troy, Montana. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Troy
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender known for its exceptional customer service, competitive rates, and extensive loan options. With a strong local presence in Kalispell, they serve Troy and surrounding areas, offering personalized guidance and fast processing. Their high ratings reflect reliability, community involvement, and a commitment to making home financing accessible.
Loan Types:
Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a reputable national lender with a local office in Kalispell, providing tailored mortgage solutions for Troy residents. They excel in customer satisfaction, offering flexible loan programs and efficient service. Their expertise in various loan types and strong track record make them a trusted choice for homebuyers in Montana.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its customer-centric approach and innovative technology, serving Troy through its Kalispell office. They offer competitive rates, a wide range of loan products, and a streamlined application process. Their dedication to community support and high customer ratings underscore their reliability and excellence in mortgage lending.
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Frequently Asked Questions
Common questions about mortgage lending in Troy, MT
What are the typical down payment requirements for homes in Troy, MT, given its rural market?
In Troy's rural market, many lenders offer USDA Rural Development loans, which require **0% down payment** for eligible borrowers and properties. Conventional loans typically require 5-20% down, but local lenders are familiar with the area's lower median home prices, which can make saving for a down payment more achievable. It's wise to explore all government-backed options first.
Are there specific first-time homebuyer programs or grants available for Troy, MT, residents?
Yes, Montana offers the **Bond Advantage program** through the Montana Board of Housing (MBOH), which provides competitive interest rates and down payment assistance for first-time buyers statewide, including in Troy. Additionally, the **NeighborWorks Montana** program offers homebuyer education and may have grants for closing costs, which are valuable resources for navigating the local market.
How does the appraisal process work for a unique or remote property near Troy, given the surrounding forests and mountains?
Appraisals in the Troy area can be more complex due to unique terrain and fewer comparable sales ("comps"). Lenders will work with appraisers familiar with Lincoln County who understand how to value properties with acreage, well water, and septic systems. Be prepared for a potentially longer timeline and ensure your lender has local experience to avoid valuation surprises.
What should I know about mortgage rates and lender options in a small town like Troy?
While Troy has limited local brick-and-mortar lenders, many Montana-based banks and credit unions serve the area and understand its economy, which is tied to timber and outdoor recreation. Rates are influenced by national trends but working with a local or regional lender can provide personalized service and knowledge of state-specific programs you might not find with national online lenders.
Are there special mortgage considerations for buying land or a home with acreage in the Troy area?
Absolutely. Financing a property with significant acreage (often over 10 acres) may require a **rural or agricultural land loan**, which can have different down payment and qualification standards than a standard mortgage. Be upfront with your lender about the property's size and intended use (e.g., hobby farm, residential only), as this will determine the best loan product. USDA loans can also be used for properties with acreage if they meet program guidelines.
Why Choose a Mortgage Lender in Troy?
Local Market Knowledge
Lenders who understand Troy'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 Troy and get competitive rates on your home loan.