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Abilene, TX

The Best Mortgage Lenders in Abilene, TX

Compare verified mortgage lenders serving Abilene, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.6
Avg Rating
745+
Reviews
10
Loan Types

Available Loan Programs in Abilene

Conventional
FHA
VA
USDA
Jumbo
Refinance
Fixed-rate
Adjustable-rate
Reverse Mortgages
New Construction

Featured Mortgage Lenders

1

Prosperity Bank

Prosperity Bank

★★★★☆
4.4/5

Prosperity Bank is a Texas-based community bank with a strong local presence in Abilene, offering personalized mortgage services and competitive rates. Founded in 1998, it has built a reputation for reliability, excellent customer service, and community involvement. With over two decades of experience, they provide a wide range of loan options and local decision-making, making them a top choice for homebuyers in the area.

Experience:26 years
Reviews:215 customer reviews
1002 N 1st St, Abilene, TX 79601

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

New American Funding

New American Funding

★★★★☆
4.8/5

New American Funding is a highly-rated national lender known for its diverse loan options and efficient online process. Founded in 2003, it excels in customer satisfaction, with a focus on first-time homebuyers and minority communities. They serve Abilene with competitive rates, strong support, and a commitment to transparency, backed by hundreds of positive reviews.

Experience:21 years
Reviews:350 customer reviews
14511 Myford Rd, Irvine, CA 92606 (National headquarters serving Abilene)

Loan Types:

Fixed-rateAdjustable-rateFHAVAUSDAJumboReverse Mortgages
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3

Movement Mortgage

Movement Mortgage

★★★★☆
4.7/5

Movement Mortgage is renowned for its quick loan processing, exceptional customer service, and community-focused approach. Founded in 2008, it offers a wide range of mortgage products and has a dedicated team serving Abilene residents. With high ratings for reliability and competitive rates, it is a trusted choice for both purchase and refinance loans.

Experience:16 years
Reviews:180 customer reviews
2115 Rexford Rd, Charlotte, NC 28211 (National headquarters serving Abilene)

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceNew Construction
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Frequently Asked Questions

Common questions about mortgage lending in Abilene, TX

What are the current mortgage rates like in Abilene, TX, and how do they compare to the national average?

Mortgage rates in Abilene typically align closely with national averages, but local lenders may offer competitive rates due to the stable housing market. As of recent trends, Abilene often sees rates slightly below the national average for conventional loans, partly due to Texas's overall strong economy and lower cost of living. It's wise to compare offers from local credit unions like First Financial or Generations Federal Credit Union alongside national banks.

Are there any down payment assistance programs specifically for Abilene homebuyers?

Yes, Abilene homebuyers can access the Texas Department of Housing and Community Affairs (TDHCA) programs like the My First Texas Home and Texas Mortgage Credit Certificate (MCC). Additionally, the City of Abilene itself occasionally administers local grant programs for low-to-moderate income buyers, often targeting specific neighborhoods for revitalization. Working with a lender familiar with these state and local programs is key to unlocking assistance.

How does Abilene's property tax rate affect my mortgage payment and affordability?

Abilene is located in Taylor County, which has property tax rates that are above the national average, a common trait in Texas due to no state income tax. This significantly impacts your total monthly payment, as lenders will escrow these taxes. When calculating affordability, factor in an effective tax rate of approximately 2.0% to 2.3% of the home's assessed value, which can add hundreds to your monthly mortgage payment.

What type of home appraisal challenges are common in Abilene's diverse housing market?

Appraisals in Abilene can face challenges due to the mix of historic homes in neighborhoods like Sayles Boulevard and newer constructions in the southern parts of the city. Finding comparable sales ("comps") for unique or older properties can sometimes lead to appraisal gaps. Using a local lender with appraisers familiar with Abilene's specific market nuances is crucial to ensure a fair and accurate property valuation.

Are USDA loans a viable option for buying a home in Abilene, given its location?

Absolutely. Much of the area surrounding Abilene's core is eligible for USDA Rural Development loans, which offer 100% financing. While the city center itself may not qualify, many popular suburban and outlying neighborhoods do, making it an excellent zero-down-payment option for eligible buyers. A local mortgage officer can quickly map your desired property address to confirm its USDA eligibility.

Mortgage Insights

Finding Your Perfect Partner: Why Local Mortgage Lenders in Abilene Make All the Difference

Searching for "local mortgage lenders near me" in Abilene is more than just a convenience—it's a strategic move that can give you a significant advantage in your homebuying journey. In a market as unique as ours, partnering with a lender who has their boots on the ground here in the Key City can be the difference between a smooth process and a stressful one.

Abilene's housing market offers incredible value, with a blend of historic charm in neighborhoods like Fairway Oaks and new developments on the south side. A local lender understands these nuances. They don't just see an appraisal value; they know why a home near Dyess Air Force Base might have different considerations, or how the stability of the local economy, anchored by healthcare, education, and the military, impacts lending decisions. They have established relationships with local appraisers, title companies, and real estate agents, which can help streamline your closing, often getting you to the finish line faster than a big, impersonal online bank.

When you sit down with an Abilene-based mortgage professional, you gain access to hyper-local insight. They can provide practical, actionable advice tailored to our market. For instance, they might guide you on how to structure an offer that's competitive in our climate, or explain the specific property tax implications in Taylor County. They live here, shop here, and invest here, so their advice comes with a genuine understanding of your future community.

Furthermore, Texas offers several homebuyer programs that local lenders are experts in navigating. A top-tier Abilene lender will be well-versed in the Texas Department of Housing and Community Affairs (TDHCA) programs, which offer competitive interest rates and down payment assistance for qualified buyers. They can also expertly advise on USDA rural development loans, which are highly relevant for buyers looking at properties just outside the city limits where Abilene's affordability truly shines.

Your actionable first step? Go beyond the online search. Ask your trusted local real estate agent for two or three lender recommendations—they know who performs consistently. Then, schedule in-person consultations. Come prepared with questions about their experience with Abilene closings, their familiarity with Texas-specific programs, and their average timeline to close. Compare not just rates, but also fees, communication style, and the confidence they instill.

Choosing a local mortgage lender in Abilene means choosing a partner who is invested in your success and the success of our community. They are your neighbor, and in a city known for its friendliness, that local connection is a resource you can truly bank on.

Nearby Cities

Explore mortgage lenders in cities near Abilene, TX

Why Choose a Mortgage Lender in Abilene?

Local Market Knowledge

Lenders who understand Abilene'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 Texas.

Ready to Find Your Perfect Mortgage Lender?

Connect with top-rated mortgage professionals in Abilene and get competitive rates on your home loan.