The Best Mortgage Lenders in Ames, OK
Compare verified mortgage lenders serving Ames, Oklahoma. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ames
Featured Mortgage Lenders
Gateway First Bank
Gateway First Bank
Gateway First Bank is a highly-rated regional mortgage lender founded in 2000 and headquartered in Jenks, Oklahoma, with a strong presence across the state, including service to Ames. They are renowned for their competitive rates, personalized customer service, and extensive loan options, particularly excelling in USDA and VA loans which benefit rural areas like Ames. With an A+ BBB rating and numerous positive reviews highlighting their efficiency and support, they have built a reputation for reliability and community involvement in Oklahoma over two decades.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation, founded in 1996, is a nationally recognized lender with a robust local presence in Oklahoma, serving Ames and surrounding areas. They consistently receive top ratings for their exceptional customer service, fast loan processing, and competitive rates. Specializing in first-time homebuyer programs and government-backed loans, Fairway has earned numerous industry awards and high customer satisfaction scores, making them a trusted choice for borrowers in rural and urban communities alike.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage, founded in 2008, is a rapidly growing national lender with a dedicated team in Oklahoma that serves Ames and other rural communities. They are praised for their innovative technology, transparent processes, and commitment to local outreach, including support for affordable housing initiatives. With a focus on VA and FHA loans, they offer flexible solutions and have garnered high ratings for their responsive service and competitive pricing, making them a reliable option for homebuyers in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Ames, OK
Are there any down payment assistance programs specifically for homebuyers in Ames, OK?
While Ames itself does not offer a city-specific program, as a resident of Oklahoma County, you have access to the Oklahoma Housing Finance Agency's (OHFA) down payment assistance programs. These can provide eligible first-time and repeat homebuyers with grants or second mortgages to help cover down payment and closing costs when using an OHFA-approved lender and mortgage loan.
How does the rural nature of Ames impact my mortgage options?
Ames's location in a rural part of Oklahoma County may qualify certain properties for USDA Rural Development loans, which offer 100% financing with no down payment required. This is a significant advantage for eligible buyers in the area. It's important to have a lender verify the specific property's eligibility using the USDA's online mapping tool.
What are typical property taxes like in Ames, and how do they affect my mortgage payment?
Property taxes in Ames and surrounding Kingfisher County are generally considered moderate for Oklahoma. The effective tax rate is typically around 0.8% to 1.0% of the home's assessed value. Your lender will calculate an estimated monthly tax payment for escrow, which is a crucial part of your total monthly mortgage payment in this area.
As a first-time homebuyer in a small town like Ames, what type of mortgage should I consider?
For many first-time buyers in Ames, an FHA loan is a popular choice due to its lower minimum down payment requirement (as low as 3.5%) and more flexible credit guidelines. This is especially helpful in a market where home prices are accessible but savings for a large down payment may be limited. Combining this with OHFA assistance can be a powerful strategy.
How do I find a local mortgage lender familiar with the Ames market?
Given Ames's small size, you will likely work with lenders based in nearby larger towns like Kingfisher, Enid, or Oklahoma City. It's important to choose a lender who is actively familiar with rural property appraisals, USDA loan processes, and the nuances of the local Kingfisher County real estate market. Asking local real estate agents for referrals is often the best approach.
Why Choose a Mortgage Lender in Ames?
Local Market Knowledge
Lenders who understand Ames'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 Oklahoma.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Ames and get competitive rates on your home loan.