The Best Mortgage Lenders in Waco, GA
Compare verified mortgage lenders serving Waco, Georgia. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Waco
Featured Mortgage Lenders
Mortgage Department
Credit Union of Georgia
Credit Union of Georgia stands out as one of the highest-rated mortgage lenders serving the Waco area, with exceptional customer satisfaction ratings and deep community roots in West Georgia. As a local credit union with over 25 years of mortgage lending experience, they offer personalized service and competitive rates that often beat larger national banks. Their mortgage team provides comprehensive guidance through the entire home buying process, with special expertise in first-time homebuyer programs and government-backed loans. Members consistently praise their responsive communication, transparent fee structure, and ability to close loans efficiently.
Loan Types:
Mortgage Loan Officers
PrimeLending
PrimeLending maintains a strong presence throughout Georgia with local loan officers who specifically serve the Waco and Carroll County area. With nearly two decades of experience, they've built a reputation for competitive rates and exceptional customer service, particularly for conventional and government-backed loans. Their local team understands the West Georgia housing market dynamics and provides personalized mortgage solutions. Customers consistently highlight their efficient processing, clear communication throughout the loan process, and ability to meet tight closing deadlines while maintaining competitive pricing.
Loan Types:
Mortgage Division
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation has established itself as a top-rated mortgage lender with extensive experience serving the West Georgia region including Waco. Despite being a national company, they operate with local loan officers who have deep knowledge of the Carroll County market. They excel in providing competitive rates across all loan types with particular strength in conventional and VA lending. Their customer-centric approach includes detailed pre-approval processes, regular communication updates, and efficient underwriting that has earned them consistently outstanding reviews from Georgia homebuyers.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Waco, GA
What are the current average mortgage rates for homebuyers in Waco, GA?
Mortgage rates in Waco typically align with national averages but can vary based on local lender competition and property types. As of recent data, 30-year fixed rates in the Waco area generally range from 6.5% to 7.2%, though rural property loans may carry slightly higher rates. It's best to compare offers from both local Georgia lenders and national institutions for the most competitive terms.
Are there any first-time homebuyer programs specifically available in Waco, GA?
Yes, Waco homebuyers can access Georgia's statewide Dream Commitment program which offers down payment assistance and competitive rates. Additionally, the Georgia Department of Community Affairs provides CHOICE and PEN programs that are particularly beneficial for Waco's moderate-income buyers. Local lenders familiar with these programs can help you determine eligibility based on Waco's specific income limits.
How does Waco's rural location affect mortgage lending options?
Waco's rural designation makes many properties eligible for USDA loans, which offer 100% financing with no down payment requirement. This is particularly advantageous given Waco's agricultural surroundings and can make homeownership more accessible. However, some conventional lenders may have stricter requirements for rural properties, so exploring USDA options first is recommended.
What special considerations should I know about when getting a mortgage for older homes in Waco?
Many homes in Waco and surrounding Haralson County have historical significance or older construction, which may require specialized inspections and potentially affect loan terms. FHA 203(k) renovation loans can be particularly useful for updating these properties while keeping them affordable. Lenders may require additional escrow reserves for older home systems like plumbing or electrical.
Are property taxes in Waco, GA typically included in mortgage payments?
Yes, most lenders in Waco will include Haralson County property taxes in your monthly mortgage payment through an escrow account. Waco's property tax rates are generally lower than metro Atlanta areas, currently around 0.95% of assessed value. Your lender will calculate these payments based on the specific property's tax assessment and adjust annually as needed.
Why Choose a Mortgage Lender in Waco?
Local Market Knowledge
Lenders who understand Waco'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 Georgia.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Waco and get competitive rates on your home loan.