The Best Mortgage Lenders in Hazelton, ND
Compare verified mortgage lenders serving Hazelton, North Dakota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hazelton
Featured Mortgage Lenders
Gate City Bank Mortgage Team
Gate City Bank
Gate City Bank is one of North Dakota's most trusted community banks with over a century of service. While headquartered in Fargo, they serve communities across North Dakota including the Hazelton area. They consistently receive exceptional ratings for their personalized mortgage services, competitive rates, and deep understanding of North Dakota's housing market. Their mortgage specialists are known for guiding borrowers through every step of the process with exceptional customer service and local decision-making authority.
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First International Bank & Trust Mortgage Division
First International Bank & Trust
First International Bank & Trust has built a strong reputation across North Dakota with multiple locations serving rural communities like Hazelton. Their mortgage team specializes in both urban and rural property financing, including agricultural properties common in the Hazelton area. They offer competitive rates and are particularly noted for their expertise in construction loans and rural development programs. Customers consistently praise their responsive service and local underwriting capabilities.
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Fairway Independent Mortgage Corporation - Bismarck
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage has a strong Bismarck branch that serves the central North Dakota region including Hazelton. As one of the nation's largest mortgage lenders, they combine national resources with local expertise. Their Bismarck team receives outstanding reviews for their efficiency, competitive rates, and exceptional customer service. They specialize in all major loan types and are particularly noted for their streamlined digital mortgage process while maintaining personalized local service for rural North Dakota communities.
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Frequently Asked Questions
Common questions about mortgage lending in Hazelton, ND
What are the typical down payment requirements for homes in Hazelton, ND, given the local market?
For Hazelton's more affordable housing market, many conventional loans can be secured with a 5% down payment. However, with median home prices well below the national average, some local lenders may offer portfolio loans with even more flexible terms. Utilizing an FHA loan with a 3.5% minimum down payment is also a very common and accessible path for buyers here.
Are there any North Dakota or local programs to help with down payment and closing costs for Hazelton homebuyers?
Yes, the North Dakota Housing Finance Agency (NDHFA) offers the *FirstHome* program, which provides a 30-year fixed-rate mortgage with down payment and closing cost assistance to eligible first-time and repeat buyers in Hazelton. This assistance can be a grant or a second, forgivable loan, making homeownership significantly more attainable in Emmons County.
How does the lack of a formal property appraisal in Hazelton affect the mortgage process?
In a small, rural market like Hazelton with fewer recent comparable sales ("comps"), appraisals can sometimes be challenging. Lenders familiar with the area will work with appraisers who understand rural property valuation, considering factors like land acreage and outbuildings. Being prepared for a potentially more detailed appraisal process is important for a smooth closing.
What should I know about getting a mortgage for an older or historic home in Hazelton?
Hazelton has many charming older homes, but financing them requires planning. FHA 203(k) Rehabilitation loans or conventional renovation loans are key tools to roll repair costs into your mortgage. A thorough inspection is critical, as lenders will require the property to meet specific safety and livability standards before approving a standard loan.
Are USDA Rural Development loans a viable option for mortgages in Hazelton, ND?
Absolutely. Hazelton's location makes most, if not all, of the area eligible for USDA Single Family Housing Guaranteed Loans. This is a premier program for the region, offering 100% financing (no down payment) with competitive rates to moderate-income buyers, making it an excellent option for purchasing a primary residence in or around town.
Why Choose a Mortgage Lender in Hazelton?
Local Market Knowledge
Lenders who understand Hazelton'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 Hazelton and get competitive rates on your home loan.