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Madison, NE

The Best Mortgage Lenders in Madison, NE

Compare verified mortgage lenders serving Madison, Nebraska. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
372+
Reviews
10
Loan Types

Available Loan Programs in Madison

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-time Homebuyer
Construction
Construction-to-Permanent
Lot Loans

Featured Mortgage Lenders

1

Gateway First Mortgage - Norfolk

Gateway First Mortgage

★★★★☆
4.8/5

Gateway First Mortgage maintains a highly-rated Norfolk office that serves Madison and surrounding northeast Nebraska communities. With over two decades of experience, they offer comprehensive mortgage solutions including specialized rural housing loans perfect for the Madison area. Their team provides personalized service with competitive rates and has built a strong reputation for guiding clients through the entire home financing process with expertise and care.

Experience:25 years
Reviews:89 customer reviews
105 South 13th Street, Norfolk, NE 68701

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Liberty First Credit Union

Liberty First Credit Union

★★★★☆
4.7/5

As a community-focused credit union with a physical branch right in Madison, Liberty First offers exceptional local mortgage services with member-focused pricing. Their long-standing presence in northeast Nebraska provides deep understanding of local market conditions. They excel at first-time homebuyer programs and offer competitive rates with personalized service from loan officers who understand the specific needs of Madison residents and the surrounding agricultural community.

Experience:85 years
Reviews:127 customer reviews
610 North Main Street, Madison, NE 68748

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerConstructionRefinance
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3

Union Bank & Trust

Union Bank & Trust

★★★★☆
4.6/5

Union Bank & Trust brings over a century of banking experience to northeast Nebraska with a strong Norfolk presence that actively serves Madison clients. They offer comprehensive mortgage products including specialized construction and lot loans that are particularly valuable in rural communities. Their local loan officers provide exceptional customer service with competitive rates and deep knowledge of the regional real estate market, making them a trusted choice for Madison area home financing needs.

Experience:115 years
Reviews:156 customer reviews
220 North 5th Street, Norfolk, NE 68701

Loan Types:

ConventionalFHAVAUSDAConstruction-to-PermanentLot LoansRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Madison, NE

Are there any local down payment assistance programs specifically for homebuyers in Madison, NE?

Yes, the Nebraska Investment Finance Authority (NIFA) offers statewide programs like the Homeownership Loan Program, which provides down payment assistance and competitive interest rates. While not exclusive to Madison, these programs are actively utilized here and can be combined with certain city-specific incentives or grants for home repairs in targeted neighborhoods. Consulting with a local lender familiar with NIFA is the best way to access these benefits.

How do property taxes in Madison County affect my mortgage payment and affordability?

Madison County property taxes are a significant component of your monthly escrow payment. The effective tax rate in the county is moderately high for Nebraska, often ranging from 1.8% to 2.2% of assessed value. When calculating your budget, it's crucial to factor this in, as it can add several hundred dollars to your monthly payment compared to locations with lower tax rates, directly impacting the loan amount you can qualify for.

What types of properties do lenders commonly finance in Madison, and are there any unique appraisal considerations?

Lenders in Madison commonly finance single-family homes, older historic properties in the downtown area, and newer constructions on the outskirts. A unique consideration is the prevalence of older homes with basements; appraisers will pay close attention to foundation integrity and potential moisture issues, which can affect loan approval. For rural properties just outside city limits, well and septic inspections are typically mandatory for the loan.

As a first-time homebuyer in Madison, what local lender expertise should I look for?

Look for lenders with deep experience in NIFA programs and those who have strong relationships with local real estate agents familiar with Madison's compact market. Given the mix of agricultural and residential lending in the area, a lender who understands both can provide valuable insight. They should also be well-versed in the valuation of older, well-maintained homes that are common in the community.

How competitive is the mortgage rate environment in Madison compared to the national average, and why?

Mortgage rates in Madison generally align with national averages but can be slightly more favorable due to Nebraska's stable economy and the local market's lower risk profile for lenders. However, your specific rate will be influenced by your credit profile and the lender's access to secondary markets. Working with a local credit union or community bank in Madison can sometimes yield very competitive rates due to their investment in the local housing market.

Mortgage Insights

Finding Your Perfect Mortgage Match in Madison, Nebraska

Searching for "mortgage agents near me" is one of the smartest first steps you can take as a prospective homebuyer in Madison, Nebraska. While the national housing market makes headlines, your journey is uniquely local. A mortgage agent who knows Madison and Madison County intimately can be your greatest asset, turning a complex process into a smooth path to homeownership.

In a community like Madison, the value of local expertise cannot be overstated. A local mortgage agent understands the nuances of our housing stock—from the charming, well-kept older homes near the downtown square to the newer developments. They have a pulse on how properties are being appraised in our specific market and can provide realistic pre-approval amounts that reflect true Madison values, not just national averages. This local insight is crucial for crafting a competitive offer that appeals to sellers, who often appreciate working with a known local professional.

Your search should focus on finding an agent who is not just geographically close, but professionally aligned with your goals. Start by asking for referrals from your local real estate agent, friends, or family who have recently purchased in the area. Look for agents who are well-versed in programs particularly beneficial to Nebraskans. For instance, the Nebraska Investment Finance Authority (NIFA) offers several down payment assistance and first-time homebuyer programs with favorable interest rates. A knowledgeable Madison agent will guide you through NIFA's options, such as the Homeownership Set-Aside Program, which can be a game-changer for qualifying buyers.

Furthermore, consider Nebraska's unique NIFA Homebuyer Education requirement for many of its programs. A local mortgage agent will not only recommend this valuable course but can connect you with approved local providers, ensuring you meet this key criterion while gaining essential knowledge.

Here is your actionable plan: First, compile a shortlist of 2-3 local mortgage agents. In your initial conversations, ask them pointed questions: "How many Madison County mortgages have you closed in the last year?" "What NIFA programs do you most frequently use for clients here?" and "Can you walk me through the typical timeline from offer to closing in our current market?" Their answers will reveal their local activity and expertise.

Remember, in a tight-knit market, relationships matter. The right mortgage agent will be a trusted advisor, communicating clearly about Nebraska's property tax landscape and ensuring your loan structure makes sense for your long-term life in Madison. By choosing a professional embedded in our community, you're not just getting a loan—you're gaining a partner who is invested in helping you successfully plant roots right here at home.

Nearby Cities

Explore mortgage lenders in cities near Madison, NE

Why Choose a Mortgage Lender in Madison?

Local Market Knowledge

Lenders who understand Madison'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 Madison and get competitive rates on your home loan.