The Best Mortgage Lenders in Dunn, TX
Compare verified mortgage lenders serving Dunn, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Dunn
Featured Mortgage Lenders
Prosperity Bank
Prosperity Bank
Prosperity Bank is a highly-rated Texas-based community bank with a strong presence in South Texas, including service to Dunn and surrounding rural areas. Known for its personalized customer service and competitive mortgage rates, the bank has built a reputation for reliability and local expertise over 25 years. They offer a wide range of loan products, including USDA loans ideal for rural properties, and maintain high customer satisfaction through transparent processes and dedicated support. Their deep community ties and commitment to homebuyers in Frio County make them a top choice for mortgages in the region.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a strong local presence in South Texas, serving Dunn and nearby communities through its San Antonio office. With an exceptional 4.7 rating from hundreds of reviews, they are praised for fast processing, competitive rates, and exceptional customer service. Their expertise includes USDA and VA loans, making them a great fit for rural and military homebuyers. Founded in 2008, they combine innovative technology with personal touch, ensuring a smooth mortgage experience and high satisfaction for clients in the Dunn area.
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loanDepot
loanDepot, LLC
loanDepot is a top-rated national mortgage lender with a significant footprint in Texas, offering comprehensive services to Dunn residents through digital and local support channels. Known for competitive rates and a streamlined application process, they have a 4.5 rating based on extensive customer feedback. Their loan options include USDA loans suited for rural areas like Dunn, and they emphasize flexibility and efficiency. With 14 years of experience, loanDepot provides reliable, technology-driven solutions while maintaining high standards for customer care and satisfaction in the Central Texas region.
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Frequently Asked Questions
Common questions about mortgage lending in Dunn, TX
What are the typical down payment requirements for homes in Dunn, TX, given its rural market?
In Dunn's rural and often more affordable market, many conventional loans can be secured with a 5% down payment, while FHA loans require as little as 3.5%. For properties on larger lots or acreage, which are common here, some lenders may require a slightly higher down payment of 10-20% due to the unique appraisal challenges of rural properties.
Are there any Texas-specific first-time homebuyer programs accessible for buyers in Dunn?
Yes, the Texas Department of Housing and Community Affairs (TDHCA) offers the My First Texas Home program, which provides down payment assistance and competitive mortgage rates. This program is particularly valuable in Dunn, as it has income and purchase price limits that align well with the area's generally lower home values compared to major metro areas.
How does the appraisal process differ for a home in a rural area like Dunn compared to a city?
Appraisals in Dunn can be more complex and costly. Appraisers must often travel farther, and finding comparable sales ("comps") for unique rural properties with acreage, wells, or septic systems can be challenging. This may lead to longer closing timelines and sometimes requires an appraiser with specific rural valuation expertise.
What type of mortgage loans are most common for financing land and a home together in Dunn?
For purchasing both land and building a home, a construction-to-permanent loan is the most common solution. USDA Rural Development loans are also a highly attractive option for eligible borrowers in Dunn, as they offer 100% financing (no down payment) for both the land and home construction in designated rural areas, which includes most of the region.
Are property tax rates a major factor in the overall mortgage payment in Dunn, TX?
Yes, property taxes are a significant component. While Dunn itself is unincorporated and falls under Navarro County jurisdiction, Texas has no state income tax, leading to higher-than-average property tax rates. It's crucial to factor the annual county tax rate (combined with any applicable school district taxes) into your total monthly payment estimate, as it can substantially impact affordability.
Why Choose a Mortgage Lender in Dunn?
Local Market Knowledge
Lenders who understand Dunn'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 Dunn and get competitive rates on your home loan.