The Best Mortgage Lenders in Ennis, TX
Compare verified mortgage lenders serving Ennis, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ennis
Featured Mortgage Lenders
CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly-rated national lender with strong Texas presence, earning exceptional customer reviews for their personalized service and competitive rates. They specialize in serving the Dallas-Fort Worth metroplex including Ennis, with local loan officers who understand the Ellis County market. Their comprehensive loan programs and dedicated processing teams ensure smooth closings, making them a top choice for Ennis homebuyers seeking reliable mortgage services with national resources.
Loan Types:
Texans Credit Union
Texans Credit Union
As one of Texas' most established credit unions, Texans Credit Union has served the DFW area for decades with exceptional mortgage services. They offer competitive rates to members throughout Ellis County, including Ennis residents, with a strong focus on personalized service and community banking values. Their local loan officers provide expert guidance through the entire mortgage process, and their member-owned structure often results in better terms and lower fees than traditional banks.
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Guild Mortgage Company
Guild Mortgage Company
Guild Mortgage brings six decades of mortgage expertise to the Ennis area with a strong reputation for customer satisfaction and reliable service. As a top-rated mortgage lender serving the entire DFW region, they offer specialized programs for first-time homebuyers and veterans, with local processing that ensures efficient closings. Their commitment to community involvement and extensive loan options makes them a trusted choice for Ellis County homeowners seeking competitive rates and professional guidance.
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Frequently Asked Questions
Common questions about mortgage lending in Ennis, TX
Are there any first-time homebuyer assistance programs specific to Ennis, TX?
While there are no city-specific programs, Ennis homebuyers have excellent access to statewide assistance. The Texas Department of Housing and Community Affairs (TDHCA) offers programs like the My First Texas Home loan with competitive rates and down payment assistance, which are widely used by local lenders. It's advisable to work with a mortgage broker in Ellis County who is experienced with these state programs.
How do property taxes in Ennis impact my mortgage payment and qualification?
Ellis County property taxes are a significant factor, with rates typically around 2.3-2.5% of the home's assessed value. This is higher than the national average, so lenders will carefully calculate your debt-to-income ratio including this escrow payment. When getting pre-approved, ensure your lender uses accurate tax estimates for Ennis to avoid payment shock later.
What types of properties in Ennis might require special mortgage considerations?
Ennis has a mix of historic homes in its downtown district and newer constructions. Financing older homes, especially those potentially designated as historic, may require a specialized renovation loan like the FHA 203(k) or a conventional loan with specific inspection requirements. For newer builds in subdivisions, construction-to-permanent loans are common and offered by local lenders.
How does Ennis's location between Dallas and Waco affect mortgage lending and appraisals?
Ennis's proximity to major employment centers makes it attractive, but appraisals can be challenging due to its unique market. Appraisers must find true comparable sales within Ennis or similar small towns, as values differ significantly from Dallas suburbs. A local lender with strong appraiser relationships in Ellis County can help ensure a smooth and accurate valuation process.
Are USDA loans a viable option for homebuyers in Ennis, TX?
Yes, a significant portion of the area around Ennis is eligible for USDA Rural Development loans, which offer 100% financing. The city itself is on the cusp of eligibility zones, so a specific property's address must be checked on the USDA eligibility map. This can be an excellent program for qualified buyers looking at homes on the outskirts of town or in the surrounding county.
Why Choose a Mortgage Lender in Ennis?
Local Market Knowledge
Lenders who understand Ennis'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 Ennis and get competitive rates on your home loan.