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Cumby, TX

The Best Mortgage Lenders in Cumby, TX

Compare verified mortgage lenders serving Cumby, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
530+
Reviews
8
Loan Types

Available Loan Programs in Cumby

Conventional
FHA
VA
USDA
Jumbo
Refinance
Reverse Mortgages
Construction Loans

Featured Mortgage Lenders

1

Movement Mortgage

Movement Mortgage

★★★★☆
4.8/5

Movement Mortgage is a highly-rated national lender with a strong presence in Texas, known for its competitive rates and exceptional customer service. They specialize in a wide range of loan products and have a reputation for quick closings and personalized service. With numerous positive reviews highlighting their efficiency and support, they are a top choice for homebuyers in Cumby and surrounding areas.

Experience:15 years
Reviews:200 customer reviews
5000 Legacy Drive, Plano, TX 75024

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Fairway Independent Mortgage

Fairway Independent Mortgage Corporation

★★★★☆
4.7/5

Fairway Independent Mortgage is a reputable lender with deep roots in Texas, offering comprehensive mortgage solutions and competitive rates. They are praised for their local expertise, transparent process, and high customer satisfaction scores. Serving Cumby through their regional offices, they provide reliable service with a focus on community engagement and tailored loan options.

Experience:27 years
Reviews:180 customer reviews
6800 Weiskopf Avenue, McKinney, TX 75070

Loan Types:

ConventionalFHAVAUSDAJumboReverse Mortgages
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3

Supreme Lending

Supreme Lending

★★★★☆
4.6/5

Supreme Lending, headquartered in Dallas, is a well-established mortgage company with a strong regional presence in North Texas. They are known for their innovative loan programs, responsive customer service, and ability to handle complex financing needs. With consistently high ratings and a commitment to serving rural areas like Cumby, they offer reliable and efficient mortgage processing.

Experience:24 years
Reviews:150 customer reviews
14800 Quorum Drive, Dallas, TX 75254

Loan Types:

ConventionalFHAVAUSDAJumboConstruction Loans
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Frequently Asked Questions

Common questions about mortgage lending in Cumby, TX

Are there any special mortgage considerations for buying a home in Cumby, TX, given its rural location?

Yes, due to Cumby's rural designation in Hopkins County, many properties may be eligible for USDA Rural Development loans, which offer 100% financing with no down payment. It's important to verify the specific property's eligibility, as this can be a significant advantage over conventional loans. Additionally, well and septic inspections are often a critical part of the appraisal process for homes outside city water and sewer lines.

What are typical property tax rates in Cumby, and how do they impact my mortgage payment?

Property tax rates in Cumby and Hopkins County are relatively high compared to national averages, often ranging from 1.8% to 2.2% of the appraised value. Your lender will calculate an escrow payment for taxes as part of your monthly mortgage payment, which can substantially increase your total monthly outlay. It's crucial to factor this into your budget when determining how much house you can afford in the area.

What local or state programs are available for first-time homebuyers in Cumby, Texas?

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. Additionally, the Texas State Affordable Housing Corporation (TSAHC) has similar programs. Working with a local lender familiar with these programs is key, as they can guide you through the income and purchase price limits that apply in Hopkins County.

How does the appraisal process work for Cumby's mix of older homes and new construction?

Appraisals in Cumby can be challenging due to the limited number of recent, comparable sales ("comps") in a small market. For older homes, appraisers will pay close attention to the condition of foundational elements, roofing, and major systems. For new construction, ensure your builder is approved by your lender. In either case, using a local lender with appraiser connections in Northeast Texas can help streamline this process.

Are there specific lenders or credit unions in the Cumby area that offer advantages for local homebuyers?

While national lenders are an option, local community banks and regional credit unions, such as those based in nearby Sulphur Springs or Greenville, often have deeper knowledge of the Cumby market. They may offer more personalized service and sometimes have more flexibility with underwriting for unique properties. They are also typically more familiar with the local contractors and inspectors you'll need during the buying process.

Mortgage Insights

Finding Your Perfect Fit: A Guide to House Lenders in Cumby, Texas

Searching for "house lenders near me" is one of the most crucial steps in your Cumby homebuying journey. It’s not just about finding a name on a map; it’s about connecting with a financial partner who understands our unique local market and your personal goals. In a close-knit community like ours, the right lender can make all the difference between a stressful process and a smooth path to homeownership.

Cumby offers a special blend of small-town charm and growing opportunity, attracting buyers looking for space, community, and value. This local dynamic matters to lenders. A lender familiar with Hopkins County and the surrounding areas will have a better grasp on property valuations in our rural and semi-rural settings, which can differ from appraisals in larger metro areas like Dallas. They understand the appeal of a fixer-upper on a bit of land versus a turn-key home in town, and they can structure loans that make sense for the properties you're likely to find here.

So, how do you find the best local lender for your Cumby home? Start by thinking local, but not limited. A community bank or credit union with a branch in Sulphur Springs or Greenville can offer personalized service and deep regional knowledge. They often have strong relationships with local realtors and title companies, streamlining your closing. Simultaneously, don’t overlook experienced mortgage brokers. A good broker based in Texas has access to a wide network of loan programs and can shop rates on your behalf, which is invaluable.

As a Texas homebuyer, you have access to fantastic state-specific programs that a knowledgeable lender will help you navigate. The Texas Department of Housing and Community Affairs (TDHCA) offers programs like the Texas Homebuyer Program, which provides competitive fixed-rate mortgages, down payment assistance, and closing cost help for eligible buyers. These programs are designed to make homeownership more accessible, especially for first-time buyers, teachers, firefighters, and veterans. A lender who regularly works with these programs can be a game-changer for your budget.

Your actionable plan starts today. First, get your financial documents in order. Then, interview at least three lenders. Ask them directly: "How many loans have you closed in Hopkins County or similar rural Texas markets?" "What TDHCA or other down payment assistance programs do you recommend for my situation?" "Can you provide a pre-approval letter that will make my offer strong in Cumby's competitive market?"

Remember, in Cumby, your lender is more than a service provider; they're a key part of your local homebuying team. By choosing someone who truly knows our area and the opportunities available to Texas buyers, you’re not just finding a loan—you’re investing in a smoother, smarter start to your life in our wonderful community.

Nearby Cities

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Why Choose a Mortgage Lender in Cumby?

Local Market Knowledge

Lenders who understand Cumby'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 Cumby and get competitive rates on your home loan.