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Bowman, ND

The Best Mortgage Lenders in Bowman, ND

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

3
Top Lenders
4.8
Avg Rating
845+
Reviews
8
Loan Types

Available Loan Programs in Bowman

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
First-time Homebuyer

Featured Mortgage Lenders

1

American State Bank & Trust Company

American State Bank & Trust Company

★★★★☆
4.8/5

As the primary local banking institution in Bowman, American State Bank & Trust Company has served the community for over a century with deep roots in southwestern North Dakota. They offer personalized mortgage services with local decision-making and understanding of rural property values. Their long-standing presence and commitment to the Bowman community make them the top choice for residents seeking traditional banking relationships with mortgage experts who know the local market intimately.

Experience:120 years
Reviews:45 customer reviews
101 Main St, Bowman, ND 58623

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

Gate City Bank

Gate City Bank

★★★★☆
4.9/5

While based in Fargo, Gate City Bank has a strong presence throughout southwestern North Dakota with branches in Dickinson serving the Bowman area. They consistently receive exceptional customer satisfaction ratings and are known for their competitive rates and "No Closing Cost Advantage" program. With nearly a century of experience serving North Dakota communities, they understand rural housing markets and offer specialized programs for agricultural properties common in the Bowman region.

Experience:98 years
Reviews:380 customer reviews
1200 13th Ave W, Dickinson, ND 58601

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinanceConstruction
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3

Wells Fargo Home Mortgage

Wells Fargo Bank, N.A.

★★★★☆
4.7/5

As one of the nation's largest mortgage lenders with a physical branch presence in nearby Dickinson, Wells Fargo offers comprehensive mortgage services to Bowman residents. They provide extensive digital tools and nationwide resources while maintaining local accessibility. Their broad product portfolio includes specialized programs for rural homebuyers and competitive rates backed by their substantial lending capacity. The Dickinson branch provides face-to-face service for Bowman area customers seeking both local support and national lender capabilities.

Experience:170 years
Reviews:420 customer reviews
109 3rd St W, Dickinson, ND 58601

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceFirst-time Homebuyer
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Frequently Asked Questions

Common questions about mortgage lending in Bowman, ND

What are typical down payment requirements for homes in Bowman, ND, given the local market?

In Bowman's relatively affordable market, many conventional loans can be secured with a 5% down payment. For homes well below the national median, local lenders often work with buyers on flexible terms. USDA Rural Development loans are also popular here and offer 0% down options for eligible properties and borrowers in the county.

Are there any North Dakota or local first-time homebuyer programs specifically beneficial in Bowman?

Yes, the North Dakota Housing Finance Agency (NDHFA) offers the *FirstHome* program, which provides competitive interest rates and down payment/closing cost assistance. This is particularly valuable in Bowman as it helps offset costs in a market where new construction or major updates on older homes might be needed. A local lender can help you determine your eligibility.

How does the appraisal process work in Bowman's unique rural market?

Appraisals in Bowman can be challenging due to fewer comparable home sales ("comps"). Lenders often use appraisers familiar with the region who may look at sales in surrounding towns or over a longer time period. Unique property features like acreage, outbuildings, or water access are carefully evaluated, which can impact the final valuation and loan amount.

What type of property insurance considerations are unique to a Bowman, ND, mortgage?

Beyond standard homeowners insurance, lenders in Bowman will often require additional coverage specific to rural areas. This can include increased liability coverage if the property has land, and possibly flood insurance if located in a flood zone, though this is less common. For properties with wells or septic systems, you may need specific endorsements.

Is a USDA Rural Development loan a good option for buying a home in Bowman?

Absolutely. Bowman is located in a county that is almost entirely eligible for USDA RD loans, which offer 100% financing (no down payment). This is one of the most advantageous programs for buyers in the area, especially for those with moderate incomes. It's ideal for the many properties just outside the city limits that are still considered rural.

Nearby Cities

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Why Choose a Mortgage Lender in Bowman?

Local Market Knowledge

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