The Best Mortgage Lenders in Combes, TX
Compare verified mortgage lenders serving Combes, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Combes
Featured Mortgage Lenders
Mortgage Specialist
Legacy Mutual Mortgage
Legacy Mutual Mortgage is a highly-rated local mortgage lender serving the Rio Grande Valley, including Combes. With exceptional 4.9-star ratings across multiple platforms, they specialize in personalized service and competitive rates for South Texas homebuyers. Their team has deep roots in the community and offers expertise in various loan programs including first-time homebuyer programs specific to Texas. Their Harlingen location provides convenient access for Combes residents seeking face-to-face mortgage consultation.
Loan Types:
Mortgage Department
Texas Bay Credit Union
Texas Bay Credit Union has been serving the Lower Rio Grande Valley for decades with excellent mortgage services. While headquartered in Brownsville, they actively serve members throughout Cameron County including Combes. They offer competitive rates to members and are particularly strong with VA and FHA loans. Their 4.8-star rating reflects consistent customer satisfaction, and their not-for-profit structure often results in lower fees and better terms for qualified borrowers in the Combes area.
Loan Types:
Loan Officer
Guild Mortgage
Guild Mortgage's McAllen branch serves the entire Rio Grande Valley region including Combes, Texas. As a nationally recognized lender with strong local presence, they combine the resources of a large institution with personalized local service. With over 60 years in business, they offer extensive experience and a wide variety of loan products. Their 4.7-star rating demonstrates reliable service and competitive financing options for Combes residents, particularly noted for their efficient processing and strong customer support throughout the loan process.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Combes, TX
What are the typical down payment requirements for homes in Combes, TX, given its rural character and lower median home prices?
In Combes, many conventional loans still require a standard 5-20% down payment, but the lower price point of homes (often below $250,000) makes saving for this more achievable. For eligible buyers, USDA loans are a popular option as they offer 100% financing with no down payment, which is ideal for this designated rural area. FHA loans with 3.5% down are also common for first-time buyers.
Are there any local or county-specific first-time homebuyer assistance programs available in Combes?
While Combes itself does not have a city-run program, Cameron County and the State of Texas offer valuable resources. The Texas State Affordable Housing Corporation (TSAHC) provides down payment assistance grants and favorable mortgage rates for qualifying first-time buyers in Combes. It's also wise to check with local credit unions, like Space City Credit Union or Navy Army Community Credit Union, which serve the area and may have special programs.
How does the lack of a city property tax in Combes impact my mortgage and overall housing costs?
Combes residents do not pay a city property tax, which can significantly lower your total monthly housing payment compared to neighboring cities. Your mortgage payment will only include county (Cameron County) and school district taxes, which are generally lower here. This tax structure makes homeownership in Combes more affordable on a monthly basis, increasing your purchasing power.
What special insurance considerations should I factor into my mortgage for a home in Combes, TX?
Due to Combes' location in the Rio Grande Valley and Cameron County, flood insurance is a critical and often mandatory addition to your homeowner's policy, which will be included in your escrow payment. While not in a high-risk wind pool, wind/hail insurance can also be a considerable cost. It's essential to get accurate insurance quotes early in the mortgage process to understand your true PITI (Principal, Interest, Taxes, Insurance) payment.
How do mortgage rates and lender availability in Combes compare to larger Valley cities like Harlingen or Brownsville?
Mortgage rates in Combes are generally consistent with national and regional averages, as most lending is done by larger banks and online lenders. However, working with a local mortgage broker or a regional bank familiar with the specific appraisal challenges and property types in Combes can provide a smoother process. You may find competitive rates through lenders experienced with USDA loans, which are highly relevant for this area.
Why Choose a Mortgage Lender in Combes?
Local Market Knowledge
Lenders who understand Combes'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 Combes and get competitive rates on your home loan.