The Best Mortgage Lenders in Hazen, ND
Compare verified mortgage lenders serving Hazen, North Dakota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hazen
Featured Mortgage Lenders
Mortgage Department
Gate City Bank
Gate City Bank is one of North Dakota's most trusted mortgage lenders with a strong presence throughout central North Dakota, including service to Hazen residents. While headquartered in Fargo, they have multiple Bismarck locations that conveniently serve the Hazen area. They consistently receive exceptional ratings for their personalized service, competitive rates, and deep understanding of rural and agricultural community lending needs. Their mortgage specialists are known for guiding borrowers through the entire process with exceptional customer care and local decision-making authority.
Loan Types:
Mortgage Services
Capital Credit Union
Capital Credit Union serves members across North Dakota, including Hazen residents who can become members through various eligibility options. They have built an outstanding reputation for mortgage lending with highly competitive rates and fees, particularly strong in USDA rural development loans which are ideal for the Hazen area. Their digital mortgage application process receives high praise for convenience, while maintaining personalized service through local loan officers who understand central North Dakota's housing market dynamics and agricultural economy.
Loan Types:
Mortgage Division
First International Bank & Trust
First International Bank & Trust has deep roots in North Dakota communities and maintains a strong mortgage lending presence in central North Dakota, including regular service to Hazen clients. They are particularly respected for their expertise in construction lending and financing for properties in rural areas, making them an excellent choice for Hazen homebuyers. Their local loan processors and underwriters ensure efficient closings, and they receive consistent praise for their responsive communication and ability to handle complex rural property financing situations effectively.
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Frequently Asked Questions
Common questions about mortgage lending in Hazen, ND
Are there any local or state-specific first-time homebuyer programs available in Hazen, ND?
Yes, the North Dakota Housing Finance Agency (NDHFA) offers several programs, including the FirstHome program with competitive interest rates and down payment assistance. These programs are accessible to Hazen residents and are particularly valuable given the area's more moderate income levels. A local lender familiar with NDHFA guidelines can help you navigate the application process.
How does the local economy, driven by agriculture and energy, impact mortgage lending and approval in Hazen?
Lenders in Hazen are accustomed to evaluating income from farming, ranching, and cyclical energy work. You may need to provide additional documentation, such as two years of tax returns, to demonstrate stable income if you're self-employed or work in these sectors. This local expertise ensures your application is assessed fairly within the context of Mercer County's primary industries.
What are typical property taxes like in Hazen, and how do they affect my mortgage payment?
Property taxes in Mercer County, where Hazen is located, are generally moderate compared to national averages but are a key component of your monthly escrow payment. For an accurate estimate, consult the Mercer County Auditor's office for current mill rates. Your lender will calculate this into your Debt-to-Income (DTI) ratio to ensure your total housing payment is affordable.
Is USDA Rural Housing financing a viable option for homes in or near Hazen, ND?
Absolutely. Most of Mercer County, including areas in and around Hazen, is eligible for USDA Rural Development loans, which offer 100% financing with no down payment. This is a highly attractive program for the area, given its rural designation. You'll need to verify the specific property's eligibility, but many homes in the Hazen market will qualify.
How competitive is the Hazen real estate market, and how should I prepare my mortgage pre-approval?
The Hazen market can be competitive for well-priced homes, though not as intense as major cities. A strong, verified pre-approval from a local bank or credit union is crucial to show sellers you are a serious and qualified buyer. Given the smaller pool of listings, being prepared to move quickly with your financing in order is a significant advantage.
Why Choose a Mortgage Lender in Hazen?
Local Market Knowledge
Lenders who understand Hazen'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 Hazen and get competitive rates on your home loan.