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Hillsboro, ND

The Best Mortgage Lenders in Hillsboro, ND

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

3
Top Lenders
4.8
Avg Rating
580+
Reviews
10
Loan Types

Available Loan Programs in Hillsboro

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
First-time Homebuyer
Home Equity
ARM

Featured Mortgage Lenders

1

Alerus Financial Mortgage Team

Alerus Financial

★★★★☆
4.8/5

Alerus Financial is one of North Dakota's premier financial institutions with a strong mortgage division that serves the entire Red River Valley region, including Hillsboro. With over two decades of experience, they offer personalized mortgage solutions and local underwriting expertise. Their high rating reflects exceptional customer service, competitive rates, and deep understanding of rural and agricultural lending needs in eastern North Dakota.

Experience:22 years
Reviews:180 customer reviews
401 2nd Ave N, Fargo, ND 58102

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

Gate City Bank Mortgage Division

Gate City Bank

★★★★☆
4.9/5

Gate City Bank has built an outstanding reputation across eastern North Dakota with their mortgage services consistently receiving top ratings from customers. They specialize in serving rural communities like Hillsboro and offer unique programs including their "Beat Your Rate" guarantee. Their local decision-making process and community-focused approach make them a top choice for Traill County residents seeking mortgage financing.

Experience:25 years
Reviews:250 customer reviews
1201 38th St S, Fargo, ND 58103

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinanceHome Equity
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3

Fairway Independent Mortgage Corporation - Fargo

Fairway Independent Mortgage Corporation

★★★★☆
4.7/5

Fairway Independent Mortgage's Fargo branch serves the Hillsboro area with national lending power combined with local expertise. They consistently rank among the top mortgage lenders in the region for customer satisfaction and competitive rates. Their extensive loan product portfolio and efficient processing make them a preferred choice for homebuyers throughout the Red River Valley, with particular strength in rural and suburban mortgage financing.

Experience:15 years
Reviews:150 customer reviews
4501 23rd Ave S, Suite 101, Fargo, ND 58104

Loan Types:

ConventionalFHAVAUSDAJumboARMRefinanceConstruction
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Frequently Asked Questions

Common questions about mortgage lending in Hillsboro, ND

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

In Hillsboro's relatively affordable market, many conventional loans can be secured with a 5% down payment. For the area's median home price, this often translates to a manageable amount. Local lenders are also familiar with USDA Rural Development loans, which offer 0% down payment options for eligible properties and borrowers in Traill County.

Are there any local or state-specific first-time homebuyer programs available in Hillsboro?

Yes, the North Dakota Housing Finance Agency (NDHFA) offers several programs, like the FirstHome and HomeAccess programs, which provide competitive interest rates and down payment/closing cost assistance. These are accessible to Hillsboro buyers who meet income and purchase price limits, which are generous for the area, making homeownership more attainable.

How does the property tax structure in Hillsboro and Traill County affect my monthly mortgage payment?

Traill County property taxes are a significant component of your escrow payment. While North Dakota has no state income tax, property tax rates are used to fund local services. Your lender will calculate these into your PITI payment, and it's wise to budget for potential annual increases as valuations may change.

Is it difficult to get a mortgage for an older or historic home in Hillsboro?

It can present unique challenges. Many homes in Hillsboro have character but may require updates to meet modern lending standards for plumbing, electrical, or roofing. An FHA 203(k) renovation loan or a conventional loan with a repair escrow can be good solutions, but a thorough inspection is crucial before proceeding.

Do lenders in Hillsboro offer special considerations for agricultural or rural properties just outside city limits?

Absolutely. For properties on acreage in the Hillsboro area, lenders experienced in rural lending are essential. They will understand the nuances of appraising land value and can guide you toward appropriate loan products like the aforementioned USDA loan or a conventional agricultural residential mortgage.

Mortgage Insights

Finding Your Guide: Why a Local Home Loan Agent Makes All the Difference in Hillsboro, ND

Searching for "home loan agents near me" is more than just a convenience when you're buying a home in Hillsboro, North Dakota—it's a strategic move that can unlock your path to homeownership in our unique market. While online lenders are an option, partnering with a local mortgage professional offers distinct advantages that are especially valuable in our close-knit community and the broader Red River Valley region.

The Hillsboro housing market has its own rhythm. You need an agent who understands the value of a well-maintained farmhouse on the outskirts, the appeal of a updated home in our historic neighborhoods, and the pricing trends for new construction. A local agent doesn't just look at numbers; they understand the character of our town and can help you determine a sensible budget that aligns with real local values, not just national averages. They have relationships with community banks, credit unions, and regional lenders who are deeply invested in North Dakota and may offer more flexible criteria for local buyers.

Your search for a local agent should focus on finding a true consultant. Look for professionals who are eager to explain the entire process, from pre-approval to closing. Ask potential agents specific questions: "How familiar are you with lending for properties that might have agricultural acreage in Traill County?" or "What local credit unions do you frequently work with?" Their answers will tell you if they have the grounded expertise you need.

North Dakota offers several programs that a knowledgeable local agent can help you navigate. The North Dakota Housing Finance Agency (NDHFA) provides key resources for first-time homebuyers, including down payment and closing cost assistance programs with favorable terms. A Hillsboro-based loan agent will be your best guide to see if you qualify for these programs and how to seamlessly incorporate them into your mortgage application. They'll also be well-versed in the nuances of rural lending, which can be relevant for properties just outside city limits.

Here is your actionable plan: First, get recommendations. Talk to your local real estate agent, friends, or family members who have recently purchased a home in the area. Names will surface repeatedly—that's a good sign. Next, interview two or three agents. Discuss your timeline, your financial picture, and your home goals. Finally, choose the person who makes you feel most confident and who demonstrates clear, proactive knowledge of the Hillsboro market.

In a town like ours, where people value personal connection and trusted advice, your home loan agent becomes a crucial partner. They help you translate your dream of owning a home in Hillsboro into a solid, achievable financial plan, ensuring your journey is as smooth as our prairie horizons.

Nearby Cities

Explore mortgage lenders in cities near Hillsboro, ND

Why Choose a Mortgage Lender in Hillsboro?

Local Market Knowledge

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