The Best Mortgage Lenders in Scranton, ND
Compare verified mortgage lenders serving Scranton, North Dakota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Scranton
Featured Mortgage Lenders
Alerus Financial
Alerus Financial, N.A.
Alerus Financial is a highly-rated regional bank with over two decades of experience serving North Dakota communities, including Scranton. They are renowned for their competitive mortgage rates, extensive loan options, and exceptional customer service. With a strong local presence and community-focused approach, they provide personalized guidance for homebuyers, making them a top choice for reliable and trustworthy mortgage lending in the area.
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First International Bank & Trust
First International Bank & Trust
First International Bank & Trust has built a solid reputation over 25 years as a dependable mortgage lender in North Dakota, with services extending to Scranton. They offer a wide array of loan products, competitive pricing, and a commitment to customer satisfaction. Their deep roots in the region and hands-on lending expertise ensure a smooth and supportive experience for homebuyers seeking financing in rural and urban settings alike.
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Better.com
Better Holdco, Inc.
Better.com is a top-rated online mortgage lender that serves all 50 states, including Scranton, North Dakota. Known for its digital efficiency, transparent processes, and competitive rates, it has earned high marks for customer satisfaction and ease of use. While based nationally, its ability to serve remote areas like Scranton with speed and reliability makes it an excellent option for modern homebuyers seeking convenience and quality service.
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Frequently Asked Questions
Common questions about mortgage lending in Scranton, ND
What are typical mortgage rates like for homebuyers in Scranton, ND?
Mortgage rates in Scranton are generally competitive with national averages, but local lenders may offer slight variations. Given the rural nature and lower population density, working with a regional bank or credit union familiar with the Griggs County market can sometimes secure favorable terms. It's always wise to compare offers from both local and national lenders.
Are there any down payment assistance programs specifically for Scranton or North Dakota homebuyers?
Yes, the North Dakota Housing Finance Agency (NDHFA) offers several programs, like the FirstHome and HomeAccess programs, which are available to eligible buyers in Scranton. These can provide competitive interest rates and down payment/closing cost assistance. Eligibility often depends on income limits and purchasing a home within certain price caps, which are very attainable in Scranton's market.
How does the appraisal process work for a home in a small town like Scranton, given the limited number of recent sales?
Appraisals in Scranton can be challenging due to fewer comparable sales ("comps"). An appraiser may need to look at sales in nearby towns like Cooperstown or even farther, making adjustments for location. Using a local lender who works with appraisers experienced in rural North Dakota properties is crucial to ensure a fair and accurate valuation.
What should I know about property types and financing when buying in Scranton?
Scranton has a mix of older, historic homes and newer constructions. For older homes, be prepared for a thorough home inspection, as lenders may have specific requirements for property condition. If considering a property with acreage or agricultural land, be aware that standard mortgages have limits on non-residential acreage; you may need a specialized agricultural or rural land loan.
As a first-time homebuyer in Scranton, what local resources or lenders should I connect with?
Start with local institutions like Bremer Bank or Gate City Bank, which have a strong presence in the region and understand the local economy. Additionally, contact the Griggs County Economic Development office or the NDHFA for guidance on state and local homebuyer education courses, which are often required for assistance programs and provide valuable insight into the small-town buying process.
Why Choose a Mortgage Lender in Scranton?
Local Market Knowledge
Lenders who understand Scranton'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 Scranton and get competitive rates on your home loan.