The Best Mortgage Lenders in Ferris, TX
Compare verified mortgage lenders serving Ferris, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ferris
Featured Mortgage Lenders
Guild Mortgage Company
Guild Mortgage Company
Guild Mortgage is a highly-rated direct lender with a strong presence in the Dallas-Fort Worth area, serving Ferris and surrounding communities. They offer personalized service with a wide range of loan products and are particularly known for their expertise in first-time homebuyer programs and government-backed loans. Their local team has extensive experience with the North Texas housing market and provides competitive rates with exceptional customer service ratings.
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Texas Trust Credit Union
Texas Trust Credit Union
As one of the largest credit unions in North Texas, Texas Trust Credit Union has been serving the Ferris community and surrounding areas for decades. They offer competitive mortgage rates with lower fees typically associated with credit unions, along with personalized service from local mortgage specialists. Their strong community presence and member-focused approach have earned them excellent customer satisfaction ratings and trust among homebuyers in the region.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established itself as a top-rated mortgage lender in the Dallas-Fort Worth metroplex with excellent service to Ferris residents. They are known for their competitive rates, streamlined digital application process, and dedicated local loan officers who provide personalized guidance throughout the mortgage journey. Their strong reputation is built on transparent communication, quick turnaround times, and a comprehensive range of loan options to meet diverse borrower needs.
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Frequently Asked Questions
Common questions about mortgage lending in Ferris, TX
Are there any down payment assistance programs specifically for buying a home in Ferris, TX?
Yes, homebuyers in Ferris can access statewide programs like the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home and Texas Mortgage Credit Certificate programs. These are excellent for first-time and repeat buyers, offering below-market interest rates, down payment assistance, and a federal tax credit. It's also wise to check with local Ferris lenders who may have knowledge of specific regional or county-level initiatives for Ellis County.
How does Ferris's location within the Dallas-Fort Worth Metroplex affect mortgage rates and home appraisals?
Being part of the DFW metro area generally means competitive mortgage rates from a wide array of lenders, but appraisals are critically influenced by regional comps. Appraisers will look at recent sales in Ferris and comparable nearby communities like Red Oak, Waxahachie, and DeSoto. The city's growth and proximity to major employment centers support property values, but lenders will still scrutinize the specific neighborhood and condition of the home.
What should I know about property taxes in Ferris when calculating my total monthly mortgage payment?
Ellis County property taxes are a significant component of your payment. Ferris's current tax rate is competitive but can vary. Your lender will use an estimated rate to calculate escrow, but it's crucial to get the exact rate from the Ellis County Appraisal District, as taxes can add several hundred dollars to your monthly payment. New constructions or recent purchases may also trigger a reappraisal, potentially increasing the tax burden.
Are there specific loan programs or considerations for buying one of the many older, historic homes in Ferris?
Yes, purchasing an older home in Ferris may involve special loan considerations. A standard FHA 203(k) renovation loan or a conventional HomeStyle loan can be vital if the home needs updates to meet modern lending standards (like roofing, electrical, or plumbing). It's essential to work with a lender experienced in these products and to get a thorough inspection, as appraisals for older homes can be more complex.
As a first-time homebuyer in Ferris, what local resources or homebuyer education courses are recommended?
The TDHCA requires homebuyer education for its assistance programs, and courses are available online through approved providers. Additionally, connecting with a HUD-approved housing counseling agency in the DFW area can provide localized guidance. Local Ferris real estate agents and lenders familiar with the Ellis County market are also invaluable resources for understanding the specific dynamics of buying in a growing but still affordable DFW suburb.
Why Choose a Mortgage Lender in Ferris?
Local Market Knowledge
Lenders who understand Ferris'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 Ferris and get competitive rates on your home loan.