The Best Mortgage Lenders in Ellsworth, NE
Compare verified mortgage lenders serving Ellsworth, Nebraska. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ellsworth
Featured Mortgage Lenders
Security First Bank Mortgage Team
Security First Bank
Security First Bank is a highly-rated regional Nebraska bank with strong presence in the western Nebraska region serving Ellsworth and surrounding communities. With over 85 years of banking experience, they offer personalized mortgage services with local decision-making and deep understanding of rural Nebraska property markets. Their mortgage team receives exceptional reviews for responsive service, competitive rates, and expertise with agricultural and rural property financing. As a community bank, they provide the stability of an established institution with the personal attention of local banking.
Loan Types:
Five Star Mortgage
Five Star Mortgage Group
Five Star Mortgage Group is one of western Nebraska's highest-rated mortgage brokers with extensive experience serving rural communities including Ellsworth. They consistently receive 5-star reviews for their exceptional customer service, transparent communication, and ability to secure competitive rates for borrowers throughout the region. Specializing in both purchase and refinance loans, they have particular expertise with USDA rural development loans that benefit Ellsworth area homebuyers. Their team of experienced loan officers provides personalized guidance through the entire mortgage process.
Loan Types:
NP Dodge Mortgage
NP Dodge Mortgage Services
NP Dodge Mortgage Services brings three decades of mortgage lending experience with statewide service coverage including the Ellsworth area. As part of Nebraska's largest real estate and mortgage services company, they offer comprehensive mortgage solutions with competitive rates and efficient processing. They receive excellent reviews for their professional service, extensive loan product options, and smooth closing processes. Their long-standing presence in Nebraska markets provides valuable insight into local property values and financing considerations specific to western Nebraska communities.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Ellsworth, NE
What are typical down payment requirements for homes in Ellsworth, NE, given the local market?
In Ellsworth's more affordable market, many conventional loans can be secured with a 5% down payment, and FHA loans require as little as 3.5%. For a median-priced home in the area, this translates to a significantly lower upfront cash requirement compared to larger cities, making homeownership more accessible for local buyers.
Are there any local or state-specific first-time homebuyer programs beneficial for Ellsworth residents?
Yes, the Nebraska Investment Finance Authority (NIFA) offers several programs, like the Homeownership Loan Program, which provides competitive interest rates and down payment assistance. These state-wide programs are particularly impactful in Ellsworth, where they can cover a substantial percentage of a home's purchase price.
How does the property type common in Ellsworth, like older homes or acreages, affect the mortgage process?
Financing older homes in Ellsworth's historic areas or rural acreages just outside town may require specific appraisals and inspections. Lenders might have stricter requirements for well and septic systems on acreages, and for older homes, you may need to budget for potential repairs that could be flagged during the appraisal.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Ellsworth?
Ellsworth County has a relatively moderate property tax rate compared to national averages, which helps keep escrow payments manageable. However, it's wise to factor in potential for higher homeowners insurance premiums if you're purchasing a property outside city limits, as rural fire protection services can affect insurance costs.
How do local lenders in Ellsworth compare to big national banks for getting a mortgage?
Local lenders, such as community banks or credit unions in Ellsworth or nearby towns, often have a deep understanding of the local property market and can offer more personalized service. They may be more flexible in underwriting for unique properties and can sometimes offer portfolio loan products that national banks do not provide.
Why Choose a Mortgage Lender in Ellsworth?
Local Market Knowledge
Lenders who understand Ellsworth'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 Nebraska.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Ellsworth and get competitive rates on your home loan.