The Best Mortgage Lenders in Ashley, ND
Compare verified mortgage lenders serving Ashley, North Dakota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ashley
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With over 28 years in business, they have a strong presence in North Dakota and serve Ashley through their Fargo office. They are highly regarded for their efficient loan processing, personalized service, and wide range of loan options, including government-backed loans. Their high customer satisfaction ratings and numerous positive reviews highlight their reliability and expertise in the mortgage industry.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated lender with a strong regional presence in North Dakota, serving Ashley and surrounding areas. Founded in 2008, they are praised for their fast closings, transparent processes, and dedicated local loan officers. They offer a variety of loan products and are known for their community involvement and customer-centric approach. With numerous positive reviews highlighting their responsiveness and competitive rates, they are a trusted choice for homebuyers in the region.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a strong reputation for innovation and customer satisfaction. Founded in 2000, they serve Ashley, ND through their digital platform and local network, offering competitive rates and a streamlined application process. They are known for their user-friendly technology, extensive loan options, and high customer review scores. Their experience and commitment to excellence make them a reliable option for borrowers in North Dakota seeking efficient and transparent mortgage services.
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Frequently Asked Questions
Common questions about mortgage lending in Ashley, ND
What are typical mortgage rates like for homebuyers in Ashley, ND, and how do they compare to state or national averages?
Mortgage rates in Ashley are generally competitive with state averages, which often run slightly below national rates due to North Dakota's stable economy. However, local lenders in smaller communities like Ashley may have slightly different rate offerings than big banks, so it's wise to check with both local credit unions (like Ashley Community Credit Union) and regional lenders. Your specific rate will depend heavily on your credit score and down payment.
Are there any down payment assistance or first-time homebuyer programs specifically available for Ashley residents?
Yes, the North Dakota Housing Finance Agency (NDHFA) offers statewide programs like "Start" and "Home" that are accessible to Ashley homebuyers, providing competitive interest rates and down payment/closing cost assistance. Additionally, some local employers or the city itself may have incentives for professionals like teachers or healthcare workers to move to the community, so it's worth inquiring with city hall or your employer about any local grants or forgivable loans.
How does the appraisal process work in Ashley, given the rural nature and potentially limited comparable home sales?
Appraisals in Ashley can be challenging due to the low volume of home sales, requiring appraisers to often look at comparable properties ("comps") in surrounding towns like Wishek or even farther. This can sometimes lead to more conservative valuations. Working with a local lender who understands the McIntosh County market is crucial, as they can often recommend appraisers familiar with valuing properties in rural North Dakota.
What type of property insurance considerations are unique to getting a mortgage in Ashley, ND?
Lenders will require standard homeowners insurance, but in Ashley's rural setting, you may also need specific coverage for outbuildings, farm equipment if on acreage, or a higher liability limit. Furthermore, if your property is outside city limits and relies on a well and septic system, the lender may require water quality and septic inspections as a condition of the loan, which can add to your closing costs.
Are USDA Rural Development loans a common and good option for buying a home in or around Ashley?
Absolutely. Ashley is located in an area that is almost certainly eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers and properties. This is one of the most popular and advantageous loan programs in the region, especially for first-time buyers or those with moderate incomes looking to purchase a home in this qualifying rural community.
Why Choose a Mortgage Lender in Ashley?
Local Market Knowledge
Lenders who understand Ashley'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 Ashley and get competitive rates on your home loan.