The Best Mortgage Lenders in Gladstone, ND
Compare verified mortgage lenders serving Gladstone, North Dakota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Gladstone
Featured Mortgage Lenders
Gate City Bank
Gate City Bank
As North Dakota's largest family-owned state-chartered bank, Gate City Bank has served communities across western North Dakota for over a century. They maintain a strong presence in Stark County and serve Gladstone residents with personalized mortgage solutions. Their local decision-making process and community-focused approach make them a top choice, offering competitive rates and exceptional customer service with deep understanding of rural North Dakota property needs.
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American Bank Center
American Bank Center
With multiple locations serving western North Dakota, American Bank Center has established itself as a trusted mortgage provider for rural communities like Gladstone. Their experienced loan officers specialize in agricultural and rural property financing, offering flexible terms and local underwriting. The bank's strong community involvement and understanding of Stark County's unique housing market make them a reliable choice for Gladstone homebuyers.
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Starion Bank
Starion Bank
Starion Bank maintains a strong western North Dakota presence with their Dickinson location conveniently serving Gladstone and surrounding Stark County communities. They offer comprehensive mortgage services with local loan officers who understand the unique aspects of rural North Dakota properties. Their competitive construction and lot loan programs are particularly valuable for Gladstone area buyers, combined with personalized service and local decision-making authority.
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Frequently Asked Questions
Common questions about mortgage lending in Gladstone, ND
What are the typical down payment requirements for homes in Gladstone, ND, given the local market?
For Gladstone's relatively affordable market, many conventional loans require a 5% down payment, though some lenders may offer 3% programs. For a USDA Rural Development loan, which is highly relevant here as Gladstone qualifies, you can purchase with 0% down. Local lenders are familiar with the area's property values and can guide you on the best option for your budget.
Are there any North Dakota or Gladstone-specific first-time homebuyer programs I should know about?
Yes, the North Dakota Housing Finance Agency (NDHFA) offers the *FirstHome* program, which provides competitive interest rates and down payment/closing cost assistance to eligible first-time buyers in Gladstone. Additionally, the *HomeAccess* program is available for qualified veterans, military members, and public service professionals, offering similar benefits that can be combined with other local incentives.
How does Gladstone's rural location affect my mortgage options and lender choice?
Gladstone's rural designation makes USDA loans a prime option, offering 100% financing. While major national lenders are available, working with a regional bank or local credit union in the area, like American State Bank & Trust Company, can be advantageous. They often have more flexibility and a deeper understanding of valuing rural properties and land, which is common here.
What should I budget for closing costs on a mortgage in Gladstone, ND?
Closing costs in Gladstone typically range from 2% to 5% of the loan amount. These include title insurance, recording fees with the Stark County Register of Deeds, and appraisal costs. It's important to note that in North Dakota, the buyer traditionally pays for the title insurance, which is a key component of your closing cost estimate.
Are property taxes in Gladstone, ND, factored into my mortgage payment, and how do they compare?
Yes, lenders will escrow your property taxes as part of your monthly mortgage payment. Stark County property taxes are generally considered moderate for the region. For an accurate estimate, consult the Stark County Treasurer's office for current mill rates, as taxes can vary based on the specific location and property value within the Gladstone area.
Why Choose a Mortgage Lender in Gladstone?
Local Market Knowledge
Lenders who understand Gladstone'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 Gladstone and get competitive rates on your home loan.