The Best Mortgage Lenders in Forney, TX
Compare verified mortgage lenders serving Forney, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Forney
Featured Mortgage Lenders
Michael Mills
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Rockwall office, led by Michael Mills, is highly rated for serving the Forney area with exceptional personalized service. With over two decades of experience, they specialize in first-time homebuyer programs and offer competitive rates across all loan types. Their local expertise in the Dallas-Fort Worth metroplex, combined with national lending power, provides clients with streamlined processing and excellent communication throughout the mortgage process.
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PrimeLending
PrimeLending, A PlainsCapital Company
PrimeLending has built an outstanding reputation throughout the Dallas-Fort Worth area, including Forney, with their comprehensive mortgage solutions and exceptional customer service. As a full-service mortgage lender, they offer in-house processing, underwriting, and closing, which streamlines the loan process. Their experienced loan officers are known for providing educational guidance to borrowers and offering competitive rates on conventional, government, and specialty loan products.
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Texas Trust Credit Union
Texas Trust Credit Union
Texas Trust Credit Union brings decades of community banking experience to Forney homebuyers with their member-focused approach to mortgage lending. As one of the largest credit unions in North Texas, they offer competitive rates and personalized service, often with lower fees than traditional banks. Their mortgage specialists provide comprehensive guidance through the entire homebuying process, and they're particularly strong with first-time homebuyer programs and local community knowledge.
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Frequently Asked Questions
Common questions about mortgage lending in Forney, TX
Are there any down payment assistance programs specifically for homebuyers in Forney, TX?
Yes, homebuyers in Forney can access statewide programs like the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program, which offers competitive interest rates and down payment assistance. Additionally, some local lenders may have partnerships with city or county initiatives, so it's wise to ask about any Kaufman County-specific grants or second lien programs that can help with closing costs.
How does Forney's rapid growth and new construction affect my mortgage options?
Forney's significant new construction market means many buyers can utilize builder-affiliated lenders who may offer closing cost incentives or rate buydowns. However, for FHA and VA loans on new builds, ensure the builder is approved with these agencies. Appraisals in new subdivisions can be straightforward, but lenders will closely review the builder's contract and completion timelines.
What are typical property tax rates in Forney, and how do they impact my mortgage payment?
Forney property tax rates are a significant component of your monthly payment, typically combining rates from the city, Kaufman County, and Forney ISD, often totaling between 2.3% and 2.7% of the home's appraised value. Your lender will use this rate to calculate an escrow payment, and it's crucial to budget for this, as Texas has no state income tax but relies heavily on property taxes.
As a first-time homebuyer in Forney, what loan programs should I prioritize?
First-time buyers in Forney should strongly consider the TDHCA programs mentioned, along with conventional loans with 3% down (like Freddie Mac's HomePossible®) if they have moderate incomes. Given the competitive market, getting pre-approved with a local lender familiar with Forney's specific appraisal trends and title processes can give you an edge when making an offer.
Does Forney's location in a DFW floodplain affect the mortgage process?
Yes, if the property is located in a designated Special Flood Hazard Area (SFHA) per FEMA maps, your lender will require flood insurance as a condition of the loan. This is a common consideration for properties near North Forney Creek or other waterways. The mandatory insurance premium will be included in your monthly mortgage payment, adding to your overall housing cost.
Why Choose a Mortgage Lender in Forney?
Local Market Knowledge
Lenders who understand Forney'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 Forney and get competitive rates on your home loan.