The Best Mortgage Lenders in Ford, WA
Compare verified mortgage lenders serving Ford, Washington. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ford
Featured Mortgage Lenders
Numerica Mortgage
Numerica Credit Union
Numerica Credit Union is one of Eastern Washington's most trusted mortgage lenders with over 80 years of service. They consistently earn exceptional ratings for their personalized service and competitive rates. As a community-focused credit union, they specialize in serving rural areas like Ford and offer special programs for first-time homebuyers. Their mortgage advisors are known for providing clear guidance through the entire process and offering flexible loan options including USDA loans perfect for rural properties.
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Guild Mortgage
Guild Mortgage Company - Spokane
Guild Mortgage has been serving Eastern Washington communities for decades with a strong reputation for rural and small-town lending. They are particularly praised for their expertise in government-backed loans including VA and USDA programs, which are ideal for the Ford area. Their local Spokane team understands the unique needs of rural property buyers and offers comprehensive guidance from application to closing. Customers consistently highlight their responsive communication and ability to handle complex rural property transactions.
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Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans maintains a strong presence in Eastern Washington with dedicated local loan officers who serve rural communities like Ford. They are recognized for their competitive rates and efficient processing, with particular strength in conventional and government loan programs. Their local team has extensive experience with rural property financing and offers personalized service throughout Lincoln County. Customer reviews frequently mention their professionalism and ability to close loans quickly while maintaining excellent communication.
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Frequently Asked Questions
Common questions about mortgage lending in Ford, WA
What are the current mortgage rates like in Ford, WA, and how do they compare to the state average?
Mortgage rates in Ford, WA, are generally aligned with national and state averages, but can be slightly influenced by the rural nature of Stevens County. As of recent trends, rates for a 30-year fixed mortgage in the area typically range within 0.125% to 0.25% of the Washington state average. It's crucial to shop locally, as lenders familiar with the Ford market may offer competitive terms that reflect the lower population density and different risk assessments compared to urban centers.
Are there any down payment assistance programs specifically for buyers in Ford, WA?
Yes, homebuyers in Ford can access the Washington State Housing Finance Commission's (WSHFC) programs, which are available statewide. Key options include the Home Advantage DPA program, which offers down payment assistance as a second mortgage, and the House Key Opportunity program for first-time buyers. These programs are particularly valuable in Ford, where median incomes may be lower than in metropolitan areas, helping to bridge the affordability gap for local residents.
How does the appraisal process work for a home in a rural area like Ford, given the unique properties?
Appraisals in Ford and surrounding Stevens County can be more complex due to the prevalence of rural land, well and septic systems, and unique property types. Lenders will require an appraiser experienced with rural properties who can find appropriate comparable sales, which may come from a wider geographic area. This process can sometimes take longer and may result in more conservative valuations compared to suburban markets, so buyers should factor this into their timeline and offer strategy.
What should I know about property taxes and insurance when getting a mortgage in Ford, WA?
Stevens County, where Ford is located, has a relatively low property tax rate compared to more populous Washington counties, which can be a benefit for monthly payments. However, homeowners insurance can be a significant consideration; due to the rural, forested setting, lenders will require coverage for wildfire risk, which may increase premiums. It's advisable to get insurance quotes early in the homebuying process to accurately estimate your total monthly mortgage payment (PITI).
Are USDA loans a common and good option for mortgages in Ford, WA?
Absolutely. USDA Rural Development loans are an excellent and frequently used option in Ford, as the entire area is eligible for this zero-down-payment program. Given Ford's rural designation, many buyers can qualify for these loans, which offer competitive interest rates and do not require a down payment. This makes homeownership more accessible for moderate-income households in the community, provided the property meets USDA eligibility standards.
Why Choose a Mortgage Lender in Ford?
Local Market Knowledge
Lenders who understand Ford'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 Washington.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Ford and get competitive rates on your home loan.