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Ambrose, ND

The Best Mortgage Lenders in Ambrose, ND

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

3
Top Lenders
4.4
Avg Rating
750+
Reviews
6
Loan Types

Available Loan Programs in Ambrose

Conventional
FHA
VA
USDA
Jumbo
Refinance

Featured Mortgage Lenders

1

Alerus Financial

Alerus Financial

★★★★☆
4.5/5

Alerus Financial is a top-rated regional bank headquartered in North Dakota, known for its strong local presence and exceptional customer service in rural areas like Ambrose. With over two decades of experience, they offer a wide range of mortgage products tailored to first-time homebuyers and investors alike. Their high ratings stem from competitive rates, personalized advice, and deep community involvement across the state, making them a trusted choice for Ambrose residents seeking reliable and responsive lending solutions.

Experience:24 years
Reviews:200 customer reviews
401 Demers Ave, Grand Forks, ND 58201

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

loanDepot

loanDepot, LLC

★★★★☆
4.4/5

loanDepot is a nationally recognized mortgage lender with a strong online platform that efficiently serves Ambrose and surrounding North Dakota communities. Praised for its competitive rates and streamlined digital application process, loanDepot has built a reputation for speed and convenience without sacrificing customer care. Their extensive loan options and high customer satisfaction ratings make them an excellent choice for those in Ambrose looking for a modern, efficient mortgage experience with nationwide backing.

Experience:14 years
Reviews:300 customer reviews
26642 Towne Centre Dr, Foothill Ranch, CA 92610

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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3

Caliber Home Loans

Caliber Home Loans, Inc.

★★★★☆
4.3/5

Caliber Home Loans is a highly regarded national lender with a proven track record of serving rural and urban areas alike, including Ambrose, North Dakota. They are celebrated for their flexible loan programs, expert guidance, and commitment to customer satisfaction, often highlighted in reviews for their responsive support and competitive pricing. With over 15 years in the industry, Caliber provides Ambrose homebuyers with reliable mortgage solutions backed by strong industry ratings and a focus on building long-term client relationships.

Experience:16 years
Reviews:250 customer reviews
15000 Surveyor Blvd, Addison, TX 75001

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Ambrose, ND

What are the typical down payment requirements for homes in Ambrose, ND, given the lower average home prices?

Due to Ambrose's affordable housing market, many buyers can utilize conventional loans with a 3% down payment or FHA loans with 3.5% down. For a median-priced home in Ambrose, this can mean a down payment of just a few thousand dollars, making homeownership very accessible. Local lenders are also familiar with USDA Rural Development loans, which offer 0% down options for eligible properties and borrowers in this qualifying rural area.

Are there any North Dakota or local programs to help first-time homebuyers in Ambrose with down payment or closing costs?

Yes, the North Dakota Housing Finance Agency (NDHFA) offers the *FirstHome* program, which provides competitive interest rates and down payment/closing cost assistance in the form of a low-interest second mortgage. This program is available statewide, including in Ambrose, and is a popular tool for first-time buyers to manage upfront costs in the local market.

How does the lack of a local banking branch in a small town like Ambrose affect the mortgage process?

While Ambrose itself has limited financial institutions, the mortgage process is largely handled online and by phone. Many regional lenders and credit unions from nearby cities like Williston or Dickinson are very experienced with rural properties and can efficiently manage appraisals and closings remotely. It's common to use a notary in town for closing documents, which are then shipped to the lender.

What unique appraisal considerations exist for properties in Ambrose, such as older homes or acreages?

Appraisals in Ambrose must account for the rural market, where comparable sales ("comps") may be limited and come from a wider geographic area. For homes on acreages, the value of the land and any outbuildings is carefully assessed. Lenders familiar with the region understand these nuances and work with appraisers who have local knowledge to ensure accurate valuations.

Is homeowner's insurance more expensive or difficult to get for homes in Ambrose, and does that impact my mortgage?

Insurance is generally affordable in Ambrose, but lenders will require specific coverage for properties in a rural area, such as protection for detached structures (like barns or shops) and possibly a higher liability limit. For homes outside city limits, access to a rural fire department and the distance to a fire hydrant can influence premiums, which your lender will need to verify for escrow.

Mortgage Insights

Finding Your Perfect Mortgage Partner in Ambrose, ND

Searching for "housing lenders near me" in Ambrose, North Dakota, is about more than just finding the closest bank. It’s about connecting with a financial partner who understands the unique rhythm of our local market and the specific opportunities available right here in Divide County. For homebuyers in our tight-knit community, the right lender can make all the difference in turning your homeownership dream into a reality.

The Ambrose housing market, like much of rural North Dakota, operates on a different scale than major cities. You might be considering a classic family home, acreage, or a property that supports both living and a small agricultural pursuit. Local lenders—whether they’re based in Ambrose, Crosby, or Williston—have firsthand knowledge of property values here. They understand how to appraise a home with a detached shop or assess the value of land, which is a significant advantage over a big national bank using automated systems. Building a relationship with a local loan officer means you’re working with someone who has likely financed homes in your desired neighborhood and can offer realistic, grounded advice.

When starting your search, think beyond the physical branch. A "local" lender can also be a trusted mortgage professional who serves our region remotely but has deep roots in North Dakota. Ask potential lenders directly: "How many loans have you closed in Divide County in the last year?" Their answer will tell you a lot about their local expertise.

Crucially, don’t overlook state-specific programs that local lenders are best equipped to navigate. The North Dakota Housing Finance Agency (NDHFA) offers fantastic programs like FirstHome and Start for qualifying buyers, which can provide competitive interest rates and down payment assistance. A lender familiar with these programs can seamlessly guide you through the application, ensuring you don’t miss out on valuable support. Additionally, if your work is connected to agriculture or energy, some local institutions have loan products tailored to those volatile income streams, offering more flexibility than standard products.

Your actionable first step? Make a shortlist. Talk to friends, family, and your real estate agent for lender recommendations. Then, pick two or three to interview. Ask each one about their experience with NDHFA programs, their typical timeline for closing, and their familiarity with the specific type of property you want. Compare not just interest rates, but also fees and the personal confidence they inspire.

In Ambrose, your mortgage lender should be a guide who knows the lay of the land—literally. Taking the time to find that right local partner is an investment that will pay off with a smoother process and a loan that truly fits your life on the prairie.

Nearby Cities

Explore mortgage lenders in cities near Ambrose, ND

Why Choose a Mortgage Lender in Ambrose?

Local Market Knowledge

Lenders who understand Ambrose'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 North Dakota.

Ready to Find Your Perfect Mortgage Lender?

Connect with top-rated mortgage professionals in Ambrose and get competitive rates on your home loan.