The Best Mortgage Lenders in Evant, TX
Compare verified mortgage lenders serving Evant, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Evant
Featured Mortgage Lenders
American Bank of Texas Mortgage Team
American Bank of Texas
American Bank of Texas is a highly-rated regional bank with deep roots in Central Texas, serving Evant and surrounding rural communities. They consistently receive excellent customer reviews for their personalized service and competitive mortgage rates. As a community-focused institution with over 30 years of experience, they specialize in understanding the unique needs of rural Texas homeowners. Their mortgage team provides local underwriting and decision-making, offering various loan programs including USDA loans that are particularly beneficial for Evant area residents.
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First National Bank Texas Mortgage Division
First National Bank Texas
First National Bank Texas brings over a century of banking experience to the Central Texas region, with multiple branches serving the Evant area. They receive outstanding ratings for their mortgage services, particularly praised for transparent communication and competitive rate offerings. As a established regional bank, they understand the Central Texas market dynamics and offer specialized programs for rural properties. Their experienced loan officers provide personalized guidance through the entire mortgage process, with strong emphasis on customer education and satisfaction.
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Fairway Independent Mortgage Corporation - Waco Branch
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a nationally recognized mortgage lender with a highly-rated local branch in Waco that actively serves the Evant area. They maintain exceptional customer satisfaction ratings and are known for their efficient processing and competitive rates. The Waco team has extensive experience with rural Central Texas properties and offers comprehensive mortgage solutions including specialized USDA loans perfect for Evant residents. Their technology-driven approach combined with personalized service ensures a smooth mortgage experience from application to closing.
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Frequently Asked Questions
Common questions about mortgage lending in Evant, TX
What are the typical down payment requirements for buying a home in Evant, TX, given its rural market?
In Evant's rural market, many lenders offer USDA Rural Development loans, which require **0% down payment** for eligible buyers and properties. Conventional loans typically require 3-5% down, while FHA loans require 3.5% down. Due to the lower median home prices in Coryell County compared to urban areas, saving for a down payment can be more achievable for local buyers.
Are there any local or state mortgage assistance programs specifically beneficial for Evant homebuyers?
Yes, the **Texas Department of Housing and Community Affairs (TDHCA)** offers down payment assistance and favorable mortgage rates through programs like the Texas Homebuyer Program. These are particularly valuable in Evant, as they can be combined with USDA loans. Additionally, some lenders serving Central Texas may have special programs for veterans, teachers, or first responders in the area.
How do property taxes in Coryell County impact my mortgage payment in Evant?
Coryell County property taxes are a significant component of your monthly mortgage payment, as they are escrowed by the lender. The county's effective tax rate is competitive but can vary. It's crucial to factor this into your budget, as your principal and interest payment will be supplemented by these taxes and homeowners insurance, which can sometimes equal the cost of the loan payment itself.
What should I know about getting a mortgage for land or a manufactured home in the Evant area?
Financing for land or manufactured homes in rural Evant often requires different loan products. For land purchases, you may need a land loan or a construction-to-permanent loan if building. For manufactured homes, securing a loan can be more complex; you'll need a lender specializing in these loans, and the home must be permanently affixed to a foundation and titled as real estate to qualify for most traditional mortgage programs.
How does Evant's location and limited local lender presence affect my choice of mortgage lender?
While Evant has few, if any, physical bank branches specializing in mortgages, most homebuyers in the area work with regional lenders from nearby cities like Killeen, Gatesville, or Waco, or use national online lenders. It's important to choose a lender with experience in rural Texas properties who understands well and septic system requirements, which are common in the area, to ensure a smooth appraisal and closing process.
Why Choose a Mortgage Lender in Evant?
Local Market Knowledge
Lenders who understand Evant'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 Evant and get competitive rates on your home loan.