The Best Mortgage Lenders in Burlington, WY
Compare verified mortgage lenders serving Burlington, Wyoming. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Burlington
Featured Mortgage Lenders
Big Horn Federal Savings Bank
Big Horn Federal Savings Bank
Big Horn Federal Savings Bank is a highly respected community bank serving northern Wyoming for over 85 years. While based in Greybull, they actively serve the entire Big Horn Basin region including Burlington. They maintain exceptional 4.8-star ratings for their personalized service, competitive rates, and deep understanding of rural Wyoming property financing. As a local institution, they offer the advantage of local underwriting and decision-making, with loan officers who understand the unique aspects of Wyoming real estate. Their longevity and consistent high customer satisfaction make them a top choice for Burlington area homebuyers.
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First Interstate Bank
First Interstate Bank
First Interstate Bank is a prominent regional banking institution with strong roots throughout Wyoming, including service to Burlington residents. With multiple branches throughout the state, they offer comprehensive mortgage services backed by local loan officers who understand Wyoming's unique housing market. They receive consistently high ratings for their competitive rates, efficient processing, and excellent customer service. Their extensive experience with rural properties and agricultural lending makes them particularly well-suited for Burlington area home financing needs. The bank's strong capital position allows for competitive pricing and a wide variety of loan products.
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Rocky Mountain Mortgage
Rocky Mountain Mortgage
Rocky Mountain Mortgage is a highly-rated local mortgage broker serving the Big Horn Basin region including Burlington. With over 25 years of experience, they've built an outstanding reputation for securing competitive rates and providing exceptional personalized service. As mortgage brokers, they have access to multiple lenders and can shop rates on behalf of their clients, often securing better terms than individual banks. Their deep knowledge of Wyoming's rural property market and dedication to customer satisfaction have earned them numerous positive reviews and referrals throughout the region. They specialize in navigating complex rural property financing scenarios common in the Burlington area.
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Frequently Asked Questions
Common questions about mortgage lending in Burlington, WY
What are typical mortgage rates like for homes in Burlington, WY, and how do they compare to national averages?
Mortgage rates in Burlington, WY, are generally very competitive and often align closely with national averages. However, due to the rural nature and lower population density of Big Horn County, some lenders may have slightly different rate offerings. It's advisable to work with a local lender familiar with the area who can often secure favorable terms, especially for properties on larger lots or acreage common in Burlington.
Are there any Wyoming-specific or local first-time homebuyer programs available for buyers in Burlington?
Yes, the Wyoming Community Development Authority (WCDA) offers several valuable programs, including down payment and closing cost assistance, for first-time and repeat buyers in Burlington. These programs often feature below-market interest rates and are accessible for homes within the town's limits and surrounding county. A local mortgage officer can help determine your eligibility for these state-sponsored advantages.
How does appraising a home in a small, rural town like Burlington differ from in a city, and could it affect my mortgage?
Appraisals in Burlington can be challenging due to fewer comparable home sales ("comps") in the immediate area. Appraisers may need to look at sales in nearby towns like Lovell or Greybull, which can sometimes affect the appraised value. To secure financing, it's crucial to work with a lender who uses appraisers experienced in rural Wyoming property valuations.
What special considerations are there for getting a mortgage on a property with land or acreage in Burlington?
Many properties in and around Burlington include significant acreage. For standard mortgages, lenders typically have acreage limits (often 10 acres) for conventional loans. If you're purchasing a home on a larger parcel, you may need a specialized rural or agricultural loan product. Discuss the exact property details with your lender early in the process to ensure you apply for the correct loan type.
Given Burlington's location, are USDA Rural Development loans a common and good option for homebuyers there?
Absolutely. Burlington is located in a USDA-eligible rural area, making USDA loans a popular and excellent option for qualified buyers. These loans offer 100% financing (no down payment), competitive rates, and lower mortgage insurance, which is particularly advantageous for moderate-income households looking to buy in this community. Most properties in the town and surrounding county will qualify.
Why Choose a Mortgage Lender in Burlington?
Local Market Knowledge
Lenders who understand Burlington'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 Wyoming.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Burlington and get competitive rates on your home loan.