The Best Mortgage Lenders in Cameron, TX
Compare verified mortgage lenders serving Cameron, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cameron
Featured Mortgage Lenders
Ryan DeBorde
Supreme Lending
Supreme Lending is a highly-rated mortgage company with a strong Central Texas presence and excellent customer satisfaction ratings. Their Temple office serves the Cameron area with comprehensive mortgage solutions and personalized service. With over 20 years in business, they offer competitive rates and specialize in first-time homebuyer programs, VA loans, and conventional financing. Their local team understands the Central Texas market and provides efficient processing with strong communication throughout the loan process.
Loan Types:
Mortgage Specialist
Benchmark Mortgage
Benchmark Mortgage's Waco office serves the Cameron area with exceptional mortgage services and strong local market knowledge. As an established lender with nationwide presence, they combine technology with personal service to streamline the lending process. They're particularly noted for their construction loan expertise and government-backed loan programs. Their team maintains high customer satisfaction ratings with responsive communication and competitive rate offerings for Central Texas homebuyers.
Loan Types:
Mortgage Department
First National Bank Texas
First National Bank Texas has deep roots in Central Texas with over a century of serving local communities including Cameron. As a community-focused bank, they offer personalized mortgage services with local decision-making and competitive rates. Their mortgage team provides comprehensive home financing options with particular strength in conventional loans and first-time homebuyer programs. With physical branches throughout the region, they offer convenience and established trust within the Central Texas community.
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Frequently Asked Questions
Common questions about mortgage lending in Cameron, TX
Are there any special first-time homebuyer programs available specifically for Cameron, TX?
Yes, the Texas State Affordable Housing Corporation (TSAHC) offers statewide programs like the Homes for Texas Heroes and Home Sweet Texas Home Loan programs, which provide down payment assistance and competitive rates. These are accessible to Cameron residents who meet income and occupation criteria, and they can be a significant help in Milam County's market.
How do property taxes in Milam County affect my mortgage payments in Cameron?
Milam County property taxes are a major component of your monthly escrow payment, as Texas has no state income tax. The combined tax rate for Cameron is relatively high compared to national averages, so lenders will carefully calculate this into your debt-to-income ratio. It's crucial to budget for this, as it can significantly increase your total monthly housing cost.
What is the typical down payment needed for a home in Cameron's market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many local lenders in Cameron work with buyers using conventional loans with 3-5% down or FHA loans with 3.5% down. Given the area's more affordable home prices compared to major metros, a lower down payment is often feasible, but you should explore down payment assistance programs to improve your terms.
Are USDA loans a viable option for mortgages in Cameron, TX?
Absolutely. Cameron and much of the surrounding Milam County are eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a popular and advantageous program in the area due to its rural designation, making homeownership more accessible for low-to-moderate income buyers purchasing a primary residence.
How does the appraisal process work for older or historic homes in Cameron?
Cameron has many charming older homes, and appraisals for these properties require special attention. Lenders will work with appraisers familiar with the local market who understand the value of historic features and the potential costs of older systems (plumbing, electrical, foundation). It's wise to get a thorough inspection, as appraisal conditions may require repairs to meet lending standards.
Why Choose a Mortgage Lender in Cameron?
Local Market Knowledge
Lenders who understand Cameron'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 Cameron and get competitive rates on your home loan.