The Best Mortgage Lenders in Buffalo, TX
Compare verified mortgage lenders serving Buffalo, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Buffalo
Featured Mortgage Lenders
Supreme Lending
Supreme Lending
Supreme Lending is a highly-rated mortgage lender with a strong regional presence in East Texas, including service to Buffalo. Founded in 1999, they have built a reputation for excellent customer service, competitive rates, and a wide range of loan options. Their Bryan branch is easily accessible for Buffalo residents, and they are known for personalized service, quick processing times, and high customer satisfaction scores. With numerous positive reviews highlighting their professionalism and efficiency, they are a top choice for homebuyers in the area.
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New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with a strong footprint in Texas, serving Buffalo and surrounding communities. Established in 2003, they offer a diverse portfolio of loan products and are praised for their competitive rates, flexible underwriting, and commitment to minority and first-time homebuyer programs. Their Bryan office provides local support, and they have consistently high ratings for customer service, transparency, and efficient loan closing processes, making them a reliable option for borrowers in the region.
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Caliber Home Loans
Caliber Home Loans
Caliber Home Loans is a well-established mortgage lender with a significant presence in Central Texas, including service to Buffalo. Founded in 2008, they are known for their customer-centric approach, competitive interest rates, and extensive loan options. The Waco branch serves as a regional hub, offering personalized assistance and streamlined processes. With strong reviews emphasizing their reliability, knowledgeable staff, and smooth transaction experiences, Caliber is a trusted choice for home financing in the Buffalo area.
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Frequently Asked Questions
Common questions about mortgage lending in Buffalo, TX
What are typical down payment requirements for homes in Buffalo, TX, given the rural market?
In Buffalo's more affordable market, many conventional loans can be secured with a 5% down payment, and FHA loans with just 3.5% down are common. For rural properties in the surrounding Brazos County area, USDA loans with 0% down are a popular and viable option, making homeownership very accessible here.
Are there any local or state programs to help first-time homebuyers in Buffalo?
Yes, Texas offers the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program, which provides down payment assistance and competitive mortgage rates for eligible first-time buyers in Buffalo. Additionally, the Brazos Valley Council of Governments may have region-specific grants or counseling services for local residents.
How do property taxes in Buffalo, TX, impact my mortgage payment and qualification?
Property tax rates in Buffalo and Brazos County are a significant component of your monthly payment, often adding 2% or more of the home's value annually. Lenders will factor this high escrow cost into your debt-to-income ratio, which can affect how much home you qualify for compared to other regions with lower taxes.
What should I know about getting a mortgage for acreage or a farmette outside the Buffalo city limits?
Financing rural land with a home often requires a specialized agricultural or rural property loan. While a USDA loan is excellent for the home, it has strict acreage limits. For larger parcels, you may need a portfolio loan from a local community bank or credit union familiar with the area's agricultural property values.
How does Buffalo's stable but slower-paced real estate market affect the mortgage process?
The market allows for less rushed decision-making and more thorough inspections, which lenders appreciate. However, appraisals can be challenging for unique rural properties, so using a lender with local appraiser knowledge is key. Closing timelines may be slightly longer than in major metro areas due to fewer high-volume transaction processors.
Why Choose a Mortgage Lender in Buffalo?
Local Market Knowledge
Lenders who understand Buffalo'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 Buffalo and get competitive rates on your home loan.