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Edgewood, TX

The Best Mortgage Lenders in Edgewood, TX

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

3
Top Lenders
4.7
Avg Rating
730+
Reviews
10
Loan Types

Available Loan Programs in Edgewood

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-time Homebuyer Programs
Construction Loans
ARM
Down Payment Assistance

Featured Mortgage Lenders

1

Fairway Independent Mortgage

Fairway Independent Mortgage Corporation

★★★★☆
4.8/5

Fairway Independent Mortgage is a top-rated lender renowned for its exceptional customer service, competitive rates, and wide range of loan options. With over 25 years of experience, they have a strong local presence in East Texas, including Edgewood, and are praised for their personalized, efficient mortgage processes and high customer satisfaction scores. Their team offers expert guidance for various home loan types, making them a trusted choice for borrowers in the region.

Experience:27 years
Reviews:250 customer reviews
100 E Ferguson St #500, Tyler, TX 75702

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceFirst-time Homebuyer Programs
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2

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.7/5

Movement Mortgage stands out for its fast, reliable service and commitment to community involvement in East Texas. Founded in 2008, they have built a reputation for transparent lending practices, competitive rates, and a streamlined approval process. Serving Edgewood and surrounding areas, they excel in providing customized mortgage solutions with a focus on customer education and support, earning high marks from borrowers for responsiveness and professionalism.

Experience:15 years
Reviews:180 customer reviews
500 E Loop 323, Tyler, TX 75701

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceFirst-time Homebuyer ProgramsConstruction Loans
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3

New American Funding

New American Funding, LLC

★★★★☆
4.5/5

New American Funding is a highly regarded national lender with a strong regional presence in Texas, serving Edgewood through its Dallas office. Known for innovative loan products and a focus on diversity and inclusion, they offer competitive rates and exceptional customer service. With 20 years of experience, they have a track record of helping borrowers with various financial backgrounds achieve homeownership, supported by positive reviews for their knowledgeable staff and efficient closing processes.

Experience:20 years
Reviews:300 customer reviews
12700 Park Central Dr, Dallas, TX 75251

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceARMFirst-time Homebuyer ProgramsDown Payment Assistance
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Frequently Asked Questions

Common questions about mortgage lending in Edgewood, TX

Are there any down payment assistance programs specifically for Edgewood, TX, homebuyers?

Yes, the Texas Department of Housing and Community Affairs (TDHCA) offers statewide programs like My First Texas Home and Texas Mortgage Credit Certificate, which are accessible to Edgewood buyers. Additionally, the East Texas Council of Governments (ETCOG) region may offer local grants or assistance for income-eligible buyers in Van Zandt County, where Edgewood is located. Consulting with a local lender familiar with these programs is crucial to determine your eligibility.

How do property taxes in Edgewood, TX, impact my monthly mortgage payment?

Van Zandt County property taxes are a significant component of your monthly escrow payment in Edgewood. The combined tax rate for Edgewood ISD, Van Zandt County, and other local entities can be relatively high compared to national averages, which increases your total monthly payment. It's essential to factor this into your budget, as even a moderately priced home can have a substantial tax burden affecting your debt-to-income ratio.

What types of properties are most common for mortgage lending in Edgewood, and does that affect loan options?

Edgewood features many single-family homes on larger, rural lots, as well as some manufactured homes. Conventional, FHA, and VA loans are widely available for site-built homes. For manufactured homes, financing can be more specific; they must be on a permanent foundation and titled as real property to qualify for most standard mortgage programs, which is a key local consideration.

As a first-time homebuyer in Edgewood, should I consider a USDA Rural Development loan?

Absolutely. Edgewood is eligible for USDA Rural Development loans, which offer 100% financing (no down payment) for qualified buyers and properties. This is an excellent option given Edgewood's designation and can make homeownership more accessible. Income limits apply, but for many Edgewood buyers, this program can be more advantageous than FHA or conventional loans with down payment requirements.

How does the appraisal process work for a home in a rural area like Edgewood, TX?

Appraisals in Edgewood can present unique challenges due to the rural setting and potentially fewer comparable recent sales ("comps"). An appraiser may need to look at sales in a wider geographic area or adjust for differences in land size and amenities. This process can sometimes take longer or require a more experienced, local appraiser to ensure an accurate valuation that satisfies the lender.

Mortgage Insights

Finding Your Perfect Home Loan Partner in Edgewood, Texas

Searching for "home loan companies near me" is one of the most crucial steps in your Edgewood homebuying journey. It’s not just about finding a lender; it’s about finding a local financial partner who understands the unique character and market dynamics of our small town. In a community like Edgewood, where word-of-mouth and trusted relationships matter, choosing the right local mortgage expert can make all the difference.

The Edgewood housing market offers a appealing blend of rural charm, space, and accessibility to larger metros like Dallas. This creates specific financing considerations. Local lenders familiar with the area will have a better grasp on property valuations for homes on larger lots or with unique features common here. They understand the nuances of appraising a property with acreage versus a standard suburban plot, which is vital for a smooth loan approval process. A national online lender might not appreciate these local details, potentially causing delays or complications.

Your search should focus on finding companies with strong Texas roots. Look for lenders experienced with the Texas Vet and Texas First Time Homebuyer programs, which offer competitive rates and down payment assistance specifically for our state's residents. These programs can be game-changers, especially for our veterans, teachers, and essential workers looking to plant roots in Edgewood. A local loan officer will be your guide through these opportunities.

Here’s your actionable plan: First, ask for recommendations. Talk to your Edgewood real estate agent, friends, or colleagues who have recently purchased locally. They can provide honest feedback on who was responsive, knowledgeable, and easy to work with. Next, don't just compare interest rates online. Make appointments to speak with loan officers from a few recommended local companies or credit unions. Ask them pointed questions: "How many loans have you closed in Van Zandt County?" "Can you walk me through the Texas Bond Program?" "What is a typical timeline for closing in this area?"

Finally, remember that service matters as much as numbers. In a smaller market, you want a lender who is accessible, communicates clearly about the process, and can proactively solve problems. They should be a steady guide through the appraisal, title work, and closing, often coordinating with local providers you might already know.

Buying a home in Edgewood is about investing in a community. By choosing a home loan company that knows this community inside and out, you’re not just securing a mortgage—you’re gaining a local ally who will help you navigate the path to your new front door with confidence and local insight. Start your search locally, ask the right questions, and partner with someone who is as invested in Texas homeownership as you are.

Nearby Cities

Explore mortgage lenders in cities near Edgewood, TX

Why Choose a Mortgage Lender in Edgewood?

Local Market Knowledge

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