The Best Mortgage Lenders in Keene, ND
Compare verified mortgage lenders serving Keene, North Dakota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Keene
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, Inc.
Movement Mortgage is a highly-rated national lender with a strong local presence in North Dakota, known for its competitive rates and exceptional customer service. They specialize in a wide range of loan products and have a reputation for quick closings and personalized support, making them a top choice for homebuyers in Keene and surrounding areas. Their dedication to community involvement and high customer satisfaction scores contribute to their excellent ratings.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a reputable national mortgage lender with a significant footprint in North Dakota, offering competitive rates and a user-friendly digital experience. They are praised for their transparency, efficient processing, and knowledgeable loan officers, serving Keene residents with a variety of loan options. Their high review counts and consistent performance in customer satisfaction make them a reliable option for mortgages in the region.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with deep roots in North Dakota, known for its personalized service and extensive loan programs. They have a strong local presence, with experienced loan officers who understand the Keene market, and are recognized for their competitive rates and commitment to customer education. Their high number of positive reviews and long track record of reliability make them a standout choice for home financing.
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Frequently Asked Questions
Common questions about mortgage lending in Keene, ND
What are the current mortgage rates like in Keene, ND, and are they different from larger cities in the state?
Mortgage rates in Keene are generally aligned with national and state averages, but local lenders may offer competitive terms due to lower operational costs and strong community relationships. It's common to see slightly more favorable rates for agricultural or rural property loans compared to urban centers like Fargo or Bismarck, reflecting the local economy. Shopping with local credit unions, like Gate City Bank, which has a strong presence in the region, can often yield the best deals.
Are there any special loan programs for first-time homebuyers available specifically in Keene?
Yes, North Dakota Housing Finance Agency (NDHFA) programs like the FirstHome and HomeAccess programs are accessible to Keene homebuyers, offering competitive interest rates and down payment assistance. Additionally, some local lenders may pair these with USDA Rural Development loans, which are highly relevant for Keene given its rural designation, offering 100% financing with no down payment for eligible borrowers and properties.
How does Keene's rural location and agricultural economy affect the mortgage approval process?
Lenders are familiar with income from farming, ranching, and oilfield services common in the area, but they may require more detailed documentation for variable or self-employed income. Appraisals can also be more complex due to the scarcity of comparable home sales ("comps") in a small, rural market, potentially requiring appraisers with specific local knowledge, which might slightly extend the loan timeline.
What should I know about property taxes and insurance when getting a mortgage in Keene?
Property taxes in McKenzie County, where Keene is located, are influenced by the strong oil and gas tax base, which can help keep rates relatively stable but are subject to change with energy market fluctuations. For insurance, lenders will require a policy that covers specific rural risks, such as fire protection from a volunteer department and potential distance from a hydrant, which can affect premiums and must be factored into your monthly escrow payment.
Is a USDA Rural Development loan a good option for buying a home in Keene, and what are the requirements?
A USDA loan is an excellent and very common option for Keene, as the entire area is eligible for USDA's rural housing programs. The primary requirements are that the home must be your primary residence, your household income must not exceed the limit for McKenzie County (which is relatively high due to the local economy), and the property must meet USDA's modest standards. This program is popular for its no-down-payment feature.
Why Choose a Mortgage Lender in Keene?
Local Market Knowledge
Lenders who understand Keene'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 Keene and get competitive rates on your home loan.