The Best Mortgage Lenders in Follett, TX
Compare verified mortgage lenders serving Follett, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Follett
Featured Mortgage Lenders
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender known for its exceptional customer service and competitive rates, serving the Follett area through its Amarillo branch. With over 28 years in business, they specialize in a wide range of loan products and have built a strong reputation for reliability and personalized service. Their high ratings and substantial review count reflect consistent customer satisfaction and expertise in Texas mortgage markets.
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New American Funding
New American Funding, LLC
New American Funding is a highly regarded mortgage lender with a strong presence in Texas, offering tailored solutions for homebuyers in Follett and surrounding areas. Founded in 2003, they provide diverse loan options and are praised for their responsive customer support and competitive rates. Their extensive experience and positive reviews highlight their commitment to helping clients navigate the mortgage process efficiently.
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Supreme Lending
Supreme Lending, Inc.
Supreme Lending is a reputable mortgage company with over 25 years of experience, serving Follett and the Texas Panhandle region from its Amarillo office. They offer a comprehensive suite of loan products and are known for their competitive rates and expert guidance. With a solid track record and high customer ratings, they excel in providing personalized mortgage solutions and maintaining strong community ties.
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Frequently Asked Questions
Common questions about mortgage lending in Follett, TX
What are the typical down payment requirements for buying a home in Follett, TX, given its rural market?
In Follett's rural and often more affordable market, many conventional loans are available with down payments as low as 3-5%. For eligible buyers, USDA Rural Development loans offer a significant advantage with 0% down payment, as Follett's location qualifies for this program. Local lenders are familiar with these options and can guide you based on your specific property.
Are there any local or state programs for first-time homebuyers in Follett that I should know about?
Yes, the Texas Department of Housing and Community Affairs (TDHCA) offers first-time homebuyer programs like the Texas Homebuyer Program, which provides down payment assistance and competitive fixed-rate mortgages. While not city-specific, these state programs are actively used in Follett. Additionally, checking with local credit unions or banks may reveal specific community-focused lending initiatives.
How does Follett's agricultural economy and property types affect the mortgage process?
If you are purchasing a property with acreage or agricultural potential, lenders will scrutinize it more closely than a standard suburban lot. You may need a specialized agricultural or rural property loan, and the appraisal must accurately reflect the value of both the home and the land. It's crucial to work with a lender experienced in rural Texas properties to navigate these requirements smoothly.
What is the current range for mortgage interest rates in Follett, and are they different from urban areas?
Mortgage rates in Follett are generally aligned with national and state averages, as they are set by larger market forces. However, your specific rate will depend heavily on your credit profile, loan type, and down payment. Sometimes, local community banks may offer competitive rates or relationship discounts, so it's wise to compare offers from both local and national lenders.
What unique closing costs or fees should I anticipate when getting a mortgage in Follett, Texas?
Beyond standard fees, you should budget for a thorough well and septic inspection if the property is not on city utilities, which is common in the area. Title insurance and survey costs are also key in rural areas to ensure clear property boundaries. Your lender will provide a Loan Estimate detailing all costs, but discussing these rural-specific items early is important for an accurate budget.
Why Choose a Mortgage Lender in Follett?
Local Market Knowledge
Lenders who understand Follett'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 Follett and get competitive rates on your home loan.