The Best Mortgage Lenders in Alice, TX
Compare verified mortgage lenders serving Alice, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Alice
Featured Mortgage Lenders
First National Bank of South Texas
First National Bank of South Texas
As the only locally headquartered bank in Alice, First National Bank of South Texas has built a strong reputation over a century for personalized service and deep community ties. They offer a wide range of mortgage products with competitive rates and are known for their hands-on, customer-focused approach, with loan officers who provide individualized attention and local market expertise. Their long-standing presence ensures reliability and trust among homebuyers in the area.
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Navy Army Community Credit Union
Navy Army Community Credit Union
With exceptionally high customer satisfaction ratings, Navy Army Community Credit Union is a top-choice for mortgages in the South Texas region, including Alice. They offer member-focused lending with low fees, competitive rates, and a commitment to community support. Their digital tools and local branch accessibility make the mortgage process smooth and efficient, backed by a reputation for transparency and excellent customer service.
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Supreme Lending
Supreme Lending
Supreme Lending is a nationally recognized mortgage company with a strong local presence in Corpus Christi, actively serving Alice residents. They are praised for their streamlined application process, competitive rates, and expertise in various loan types. Their dedicated local team provides personalized service, making them a reliable option for homebuyers seeking efficiency and high customer satisfaction in the South Texas market.
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Frequently Asked Questions
Common questions about mortgage lending in Alice, TX
What are the current mortgage rates like in Alice, TX, and how do they compare to the state average?
Mortgage rates in Alice typically align closely with national and Texas state averages, as they are driven by broader economic factors. However, local lenders in Jim Wells County may offer competitive rates or special promotions, so it's wise to shop around with both local credit unions and national banks. As of recent trends, rates in Alice are generally on par with the Texas average, which can be slightly lower than coastal metropolitan areas.
Are there any down payment assistance programs specifically for homebuyers in Alice?
Yes, homebuyers in Alice can access the Texas Department of Housing and Community Affairs (TDHCA) programs like the My First Texas Home loan, which offers down payment assistance and competitive interest rates. Additionally, the City of Alice may occasionally offer local grants or programs through community development initiatives, so checking with the City Hall or a local HUD-approved housing counselor is recommended for the most current opportunities.
How does the appraisal process work in Alice given its rural South Texas market?
Appraisals in Alice must reflect local market conditions, which can be challenging due to fewer comparable sales than in larger cities. Appraisers familiar with Jim Wells County will evaluate properties based on recent sales of similar homes in Alice and nearby communities like Orange Grove or Ben Bolt. It's important to work with a lender who uses appraisers with local expertise to ensure an accurate valuation that supports your loan.
What types of properties are most common for mortgages in Alice, and does this affect loan options?
The Alice market primarily consists of single-family homes, often on larger lots, with some manufactured homes in the surrounding areas. Conventional, FHA, and VA loans are widely available for site-built homes. For manufactured homes, financing can be more specific, requiring the home to be on a permanent foundation and meeting HUD guidelines; local lenders like Prosperity Bank or community credit unions often have experience with these types of loans.
As a first-time homebuyer in Alice, what should I know about closing costs and property taxes?
Closing costs in Alice typically range from 2% to 5% of the loan amount and include title insurance, origination fees, and escrow deposits. A key local consideration is property taxes; Jim Wells County has no state income tax but property tax rates are relatively significant, often around 2.0% to 2.5% of the appraised value. Your lender will help you set up an escrow account to manage these tax payments as part of your monthly mortgage.
Why Choose a Mortgage Lender in Alice?
Local Market Knowledge
Lenders who understand Alice'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 Alice and get competitive rates on your home loan.