The Best Mortgage Lenders in Surrey, ND
Compare verified mortgage lenders serving Surrey, North Dakota. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Surrey
Featured Mortgage Lenders
Gate City Bank Mortgage Team
Gate City Bank
Gate City Bank is one of North Dakota's most trusted and longest-serving financial institutions, consistently earning top ratings for mortgage services. They have deep roots in the Minot region and serve the entire Surrey area with personalized mortgage solutions. Known for their exceptional customer service and competitive rates, they offer specialized programs for rural homebuyers and first-time purchasers. Their local underwriting expertise and community-focused approach make them a top choice for Surrey residents seeking reliable mortgage financing with a personal touch.
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Capital Credit Union Mortgage Department
Capital Credit Union
Capital Credit Union has been serving North Dakota communities for over seven decades with a strong reputation for mortgage lending excellence. They specifically serve Ward County and the Surrey area with tailored home loan programs. Highly rated for their competitive rates, flexible terms, and exceptional member service, they offer specialized USDA rural development loans perfect for the Surrey market. Their local loan officers provide personalized guidance throughout the entire mortgage process, making homeownership accessible and straightforward for area residents.
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CMG Mortgage Services
CMG Financial
CMG Financial has established a strong presence in North Dakota with dedicated local mortgage experts serving the Surrey area. With over 25 years of experience, they're particularly noted for their innovative loan programs and competitive pricing. They excel in rural mortgage financing with specialized USDA loan expertise that benefits Surrey homebuyers. Their digital mortgage platform combined with local personal service provides a streamlined experience. Highly rated for their responsive communication and efficient processing, they've built a reputation for helping borrowers in smaller North Dakota communities achieve their homeownership goals.
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Frequently Asked Questions
Common questions about mortgage lending in Surrey, ND
What are the current mortgage rates like in Surrey, ND, and how do they compare to state or national averages?
Mortgage rates in Surrey typically align closely with North Dakota state averages, which are often slightly below national averages due to the state's stable economy and lower population density. As a rural community, local lenders in Surrey and the surrounding Minot region are competitive, but it's wise to compare offers from both local banks and credit unions as well as larger national lenders to secure the best rate for your specific financial situation.
Are there any down payment assistance or first-time homebuyer programs specifically available for Surrey residents?
Yes, Surrey homebuyers have access to the North Dakota Housing Finance Agency (NDHFA) programs, including the *FirstHome* and *Dakota* loan programs which offer competitive interest rates and down payment/closing cost assistance. These state-wide programs are particularly valuable in Surrey, where they can help bridge the gap for buyers who may have solid income but limited savings for an upfront payment on a modestly priced home.
How does the appraisal process work for a home in a small, rural town like Surrey, and are there any unique challenges?
Appraisals in Surrey can present challenges due to the limited number of recent, comparable home sales ("comps") in the immediate area. Appraisers often need to look at similar properties in nearby towns like Minot or Velva, adjusting for location differences. This process can sometimes lead to valuation discrepancies, so working with a local lender familiar with the Surrey and Ward County market is crucial for a smooth transaction.
What types of properties are most common for mortgages in Surrey, and does property type affect loan options?
The most common mortgaged properties in Surrey are single-family homes on larger lots, often with outbuildings like garages or workshops, reflecting its rural character. Standard conventional, FHA, and USDA loans are all viable options. Notably, many properties just outside the city limits may qualify for USDA Rural Development loans, which offer 100% financing—a significant advantage for eligible buyers in this area.
Are there local lenders in Surrey, or will I need to work with a bank in a larger city like Minot?
While Surrey itself is small, there are strong local lending options through community banks and credit unions based in nearby Minot that actively serve the Surrey market. These local institutions, such as First Western Bank & Trust or Cornerstone Bank, often have a deep understanding of the local real estate market and can offer personalized service, which can be beneficial during the mortgage process in a close-knit community.
Why Choose a Mortgage Lender in Surrey?
Local Market Knowledge
Lenders who understand Surrey'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 Surrey and get competitive rates on your home loan.