The Best Mortgage Lenders in Burton, TX
Compare verified mortgage lenders serving Burton, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Burton
Featured Mortgage Lenders
Mortgage Department
First Community Credit Union
First Community Credit Union has been serving Texas communities for over 65 years with a strong reputation for personalized mortgage services. While headquartered in Magnolia, they actively serve the Burton area and surrounding Washington County with competitive rates and local decision-making. Their mortgage team specializes in rural property financing, which is particularly valuable for the Burton agricultural community. Customers consistently praise their responsive service, transparent communication, and expertise with USDA rural development loans that benefit Burton homebuyers.
Loan Types:
Mortgage Services
Texas Trust Credit Union
Texas Trust Credit Union maintains a strong presence in Washington County with their Brenham branch conveniently located just minutes from Burton. With deep roots in the region since 1935, they understand the local real estate market and offer specialized mortgage programs for rural properties. Their mortgage specialists are praised for their knowledge of agricultural lending and ability to work with self-employed borrowers common in the Burton area. The credit union consistently receives high marks for competitive rates, low fees, and personalized service throughout the loan process.
Loan Types:
Local Mortgage Team
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation operates a highly-rated local branch in College Station that actively serves the Burton community. With nearly 25 years in business, this national lender maintains strong local presence through their experienced mortgage advisors who specialize in rural Texas properties. They excel at USDA loans which are particularly relevant for Burton homebuyers, and their streamlined digital process combined with local expertise makes them a top choice. Customers consistently highlight their competitive rates, efficient closing process, and exceptional communication throughout the mortgage journey.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Burton, TX
Are there any special mortgage programs for first-time homebuyers in Burton, TX?
Yes, the Texas Department of Housing and Community Affairs (TDHCA) offers the My First Texas Home program, which provides down payment assistance and competitive fixed-rate mortgages. This is particularly valuable in Burton, where qualifying for a loan on a rural property can sometimes require additional support. Local lenders in the Brenham/Burton area are well-versed in these state programs.
How does Burton's rural location and agricultural economy affect mortgage lending?
Lenders may have specific requirements for properties with acreage or agricultural outbuildings, which are common in the Burton area. Appraisals can be more complex, as comparable sales ("comps") may be farther apart. Your debt-to-income ratio will be closely scrutinized, as lenders understand local income can be seasonal or tied to farming/ranching.
What are typical property taxes for a mortgage in Burton, and how are they handled?
Washington County, where Burton is located, has property tax rates that are a significant part of your monthly mortgage payment, often collected in an escrow account. Rates can vary, but they are generally competitive for rural Texas. It's crucial to get an accurate tax estimate during pre-approval, as taxes on land or historic properties can differ.
Are USDA Rural Development loans a good option for buying a home in Burton, TX?
Absolutely. Burton is classified as a rural area by the USDA, making most homes in and around town eligible for USDA loans. These loans offer 100% financing (no down payment) and often have competitive interest rates, which is a major advantage for buyers looking at Burton's more affordable housing stock compared to larger metro areas.
How does Burton's historic charm and older housing stock impact getting a mortgage?
Many homes in Burton's historic district are older and may require specific inspections (like for foundation or wiring) that a lender will mandate. If a home needs significant repairs, you might need to explore renovation loans like the FHA 203(k). However, well-maintained historic homes are generally financed without issue through conventional loans.
Why Choose a Mortgage Lender in Burton?
Local Market Knowledge
Lenders who understand Burton'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 Burton and get competitive rates on your home loan.