The Best Mortgage Lenders in Eagle Pass, TX
Compare verified mortgage lenders serving Eagle Pass, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Eagle Pass
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates, serving Eagle Pass and South Texas. With over 28 years in business, they specialize in a wide range of loan products and have a strong local presence through their San Antonio office, ensuring personalized support for homebuyers in the region. Their high ratings reflect a commitment to transparency and efficiency in the mortgage process.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly reputable national mortgage lender with a strong regional footprint in Texas, offering competitive rates and a user-friendly digital experience for Eagle Pass residents. Founded in 2000, they have built a track record of reliability and customer satisfaction, with loan officers dedicated to serving South Texas communities. Their extensive loan options and efficient processing make them a preferred choice for many homebuyers.
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New American Funding
New American Funding
New American Funding is a well-established lender with over two decades of experience, providing tailored mortgage solutions to Eagle Pass and surrounding areas. They are praised for their diverse loan programs, including options for first-time homebuyers and those with unique financial situations, backed by a dedicated local team in San Antonio. Their high customer ratings highlight a focus on community engagement and responsive service.
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Frequently Asked Questions
Common questions about mortgage lending in Eagle Pass, TX
Are there any special mortgage programs for first-time homebuyers in Eagle Pass, 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 interest rates. Eagle Pass homebuyers may also qualify for the Mortgage Credit Certificate (MCC) program, which offers a federal tax credit to reduce your annual tax liability, making homeownership more affordable in the local market.
How do property taxes in Maverick County affect my mortgage payment in Eagle Pass?
Maverick County property taxes are a significant component of your monthly mortgage escrow payment, as Texas has no state income tax and relies heavily on property taxes. While rates can be high, Eagle Pass homeowners benefit from a homestead exemption that can reduce the taxable value of your primary residence. It's crucial to factor these taxes into your budget, as they can add several hundred dollars to your monthly payment.
What is the typical down payment required for a home in Eagle Pass?
While 20% down is ideal to avoid private mortgage insurance (PMI), many Eagle Pass buyers secure conventional loans with as little as 3-5% down, especially with the assistance of first-time buyer programs. For FHA loans, which are popular in the area, the minimum down payment can be as low as 3.5%. Given Eagle Pass's relatively affordable home prices compared to larger Texas cities, saving for a down payment is often more achievable here.
Are USDA loans a viable option for homes in Eagle Pass, TX?
Absolutely. Much of the area surrounding Eagle Pass is eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers and properties. This is a particularly attractive program for Eagle Pass, as it can include homes just outside the city limits, helping buyers purchase more home with less upfront cash while still being close to city amenities.
How does the local Eagle Pass economy, heavily influenced by cross-border trade, impact mortgage lending?
Lenders in Eagle Pass are familiar with income sources related to international trade, logistics, and federal employment (like Customs and Border Protection). If your income is from these sectors, documentation is straightforward. However, if you have income in pesos or from a business heavily dependent on Mexican clientele, you may need to work with a local lender experienced in documenting this type of cross-border financial activity to ensure a smooth mortgage process.
Nearby Cities
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Why Choose a Mortgage Lender in Eagle Pass?
Local Market Knowledge
Lenders who understand Eagle Pass'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 Eagle Pass and get competitive rates on your home loan.