The Best Mortgage Lenders in Encino, TX
Compare verified mortgage lenders serving Encino, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Encino
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. With over 28 years in business, they have a strong presence in South Texas, including serving Encino. They are highly regarded for their extensive loan options, personalized service, and fast processing times. Their high rating and numerous positive reviews highlight their reliability and commitment to client satisfaction, making them a preferred choice for homebuyers in the region.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender with a focus on community engagement and efficient loan processing. Founded in 2008, they have built a strong reputation in Texas for their competitive rates and customer-centric approach. They serve Encino and surrounding areas with a variety of loan products, and their high customer ratings reflect their dedication to transparency and support throughout the mortgage process. Their local presence in Corpus Christi ensures accessible service for rural communities.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a well-established national lender with a strong local presence in South Texas, serving Encino with innovative digital tools and competitive financing options. Founded in 2000, they offer a wide range of loan types and are known for their fast closings and excellent customer service. Their high ratings and substantial review count demonstrate their reliability and ability to handle diverse mortgage needs, making them a trusted option for homebuyers in the area.
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Frequently Asked Questions
Common questions about mortgage lending in Encino, TX
What are typical down payment requirements for homes in Encino, TX, given its rural setting?
For the more affordable homes in Encino, many lenders can offer conventional loans with down payments as low as 3-5%. Given the area's rural character, eligible properties may also qualify for USDA loans, which require **0% down payment** for qualified buyers. It's important to work with a lender familiar with the property types and appraisal process in rural Dimmit County.
Are there any special mortgage considerations for buying land or a ranch property in Encino?
Yes, financing for larger tracts of land or agricultural properties in Encino often requires a specialized "land loan" or a portfolio loan from a local or regional bank familiar with the area. These loans typically have different underwriting standards, higher down payment requirements (often 20-30%), and may have adjustable rates. Standard residential mortgages usually only apply to the house and a limited amount of acreage.
How do property taxes in Dimmit County affect my mortgage qualification and payments?
Dimmit County has a relatively low property tax rate compared to major Texas metros, which can help with debt-to-income ratio qualification. However, Texas has no state income tax, so property taxes are a significant part of your monthly escrow payment. Your lender will use the county's assessed value and current tax rate to accurately calculate this into your total monthly mortgage payment.
What local or state mortgage programs are most beneficial for first-time homebuyers in Encino?
First-time buyers should explore the **Texas Department of Housing and Community Affairs (TDHCA)** programs, which offer competitive interest rates and down payment assistance grants or second liens. Additionally, the **USDA Single Family Housing Guaranteed Loan Program** is highly relevant for Encino, offering 100% financing, low mortgage insurance, and flexible credit guidelines for this designated rural area.
Do lenders in this area account for the local oil and gas or agricultural economy when underwriting loans?
Absolutely. Lenders familiar with Encino and Dimmit County will carefully evaluate income stability for buyers employed in the volatile energy or agricultural sectors. They may require a longer history of employment (often 2+ years) in the industry or more substantial reserves. Self-employed individuals, such as ranchers or independent contractors, will need thorough documentation of their income over multiple years.
Why Choose a Mortgage Lender in Encino?
Local Market Knowledge
Lenders who understand Encino'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 Encino and get competitive rates on your home loan.