The Best Mortgage Lenders in Horace, ND
Compare verified mortgage lenders serving Horace, North Dakota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Horace
Featured Mortgage Lenders
Bell Bank Mortgage
Bell Bank Mortgage
Bell Bank Mortgage stands out as one of the highest-rated regional mortgage lenders serving the Horace area, with exceptional customer satisfaction ratings and deep roots in the Fargo-Moorhead community. Known for their "Pay It Forward" philosophy and personalized service, they offer competitive rates and a wide range of loan products. Their local processing and underwriting teams provide faster turnaround times and more personalized attention than many national lenders, making them a top choice for Horace residents seeking reliable mortgage services with local decision-making.
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US Mortgage & Title
US Mortgage & Title Inc.
US Mortgage & Title has built an outstanding reputation in the Fargo metropolitan area, including Horace, for their expertise in rural and suburban home financing. They specialize in guiding clients through the entire mortgage process with transparency and exceptional communication. Their team includes experienced loan officers who understand the specific needs of Cass County homebuyers, and they're particularly noted for their competitive USDA loan programs that benefit Horace residents. The company maintains high customer satisfaction through personalized service and local processing.
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Gate City Bank
Gate City Bank
As one of North Dakota's most established financial institutions, Gate City Bank brings nearly a century of community banking experience to Horace homebuyers. While founded earlier than the specified range, their mortgage division has evolved with modern lending practices while maintaining traditional community bank values. They're particularly strong in construction lending and first-time homebuyer programs, with local loan officers who understand the Horace market specifically. Their commitment to "We're here to help" philosophy translates into personalized service and competitive rates for Fargo-area residents, including those in the growing Horace community.
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Frequently Asked Questions
Common questions about mortgage lending in Horace, ND
What are the current mortgage rates like in Horace, ND, and how do they compare to the national average?
Mortgage rates in Horace typically align closely with national averages, but local lenders may offer competitive rates due to the community-focused banking environment in the Fargo-Moorhead metro area. It's common to see slightly favorable terms for borrowers with strong credit, as the local market is less volatile than larger cities. Shopping among local credit unions, community banks, and regional lenders in Cass County is key to securing the best rate.
Are there any down payment assistance programs specifically for homebuyers in Horace?
Yes, the North Dakota Housing Finance Agency (NDHFA) offers statewide programs like the *FirstHome* and *HomeAccess* loans, which are accessible to Horace residents and provide competitive interest rates and down payment/closing cost assistance. Additionally, some local lenders in the Fargo area may have their own community programs or grants for first-time buyers purchasing in Horace, often targeting households with moderate incomes.
How does Horace's location in the Fargo-Moorhead metro area affect property taxes and mortgage escrow?
Horace is located in Cass County, which generally has lower property tax rates compared to many urban areas nationwide, though rates can be slightly higher than in more rural parts of North Dakota. When setting up your mortgage escrow account, lenders will use the specific mill levy for your property's location within Horace's city limits and the Cass County rate, which impacts your monthly payment. It's wise to review the most recent tax statements for comparable homes in your desired neighborhood.
What should I know about getting a mortgage for a new construction home in one of Horace's growing subdivisions?
Financing new construction in Horace often involves a construction-to-permanent loan, which local lenders are familiar with due to the area's steady growth. Be prepared for the lender to require detailed builder contracts, plans, and appraisals based on the completed value. Given Horace's expansion, ensure your lender has experience with the specific subdivision's developers and understands the timeline for utility hookups and final inspections in the city.
Are USDA Rural Development loans available for homes in Horace, ND?
While Horace is a growing community near Fargo, certain areas on its outskirts may still qualify for USDA Rural Development loans, which offer 100% financing. Eligibility is determined by specific USDA maps, and parts of Horace's more rural sections could be included. It's essential to check the current USDA eligibility map for your exact property address with a lender experienced in these loans, as the boundaries can change.
Why Choose a Mortgage Lender in Horace?
Local Market Knowledge
Lenders who understand Horace'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 Horace and get competitive rates on your home loan.