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Franklin, TX

The Best Mortgage Lenders in Franklin, TX

Compare verified mortgage lenders serving Franklin, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.8
Avg Rating
416+
Reviews
9
Loan Types

Available Loan Programs in Franklin

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
Investment
Lot Loans

Featured Mortgage Lenders

1

Brazos Valley Schools Credit Union

Brazos Valley Schools Credit Union

★★★★☆
4.8/5

As one of the most established financial institutions in the Brazos Valley region, Brazos Valley Schools Credit Union has been serving Central Texas communities including Franklin for over six decades. They consistently receive exceptional ratings for their personalized mortgage services, competitive rates, and deep community involvement. Their mortgage team specializes in first-time homebuyer programs and offers comprehensive guidance through the entire lending process, making them a top choice for Franklin residents seeking local expertise with the stability of a long-standing credit union.

Experience:65 years
Reviews:185 customer reviews
1716 Briarcrest Drive, Bryan, TX 77802

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction
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2

Benchmark Mortgage

Benchmark Mortgage - Bryan/College Station

★★★★☆
4.9/5

Benchmark Mortgage's Bryan/College Station branch has built an outstanding reputation throughout the Brazos Valley region, including serving Franklin homeowners. With nearly 25 years of local mortgage experience, they offer exceptional customer service and competitive loan products. Their team of local mortgage experts understands the unique aspects of the Central Texas housing market and provides personalized guidance from application to closing. They're particularly praised for their responsiveness, transparent communication, and ability to handle complex mortgage scenarios efficiently.

Experience:25 years
Reviews:142 customer reviews
4107 Texas Highway 6 South, College Station, TX 77845

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstructionInvestment
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3

First National Bank Texas

First National Bank Texas

★★★★☆
4.7/5

First National Bank Texas maintains an actual physical branch in Franklin, providing exceptional local mortgage services with the convenience of in-person support. With over a century of banking experience, they offer deep roots in the community and understanding of local real estate markets. Their mortgage team provides personalized service with quick decision-making and competitive rates. They specialize in both purchase and construction loans, making them ideal for Franklin residents building new homes or purchasing existing properties in the area.

Experience:115 years
Reviews:89 customer reviews
201 South Main Street, Franklin, TX 77856

Loan Types:

ConventionalFHAVAUSDAConstructionLot LoansRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Franklin, TX

What are the typical down payment requirements for homes in Franklin, TX, given the local market?

In Franklin's more affordable market compared to major Texas metros, many conventional loans require a 5-10% down payment. For the area's median home price, this is a manageable sum. However, qualified buyers can still utilize FHA loans with as little as 3.5% down or USDA loans, which are widely available in this rural area and require 0% down.

Are there any special mortgage programs for first-time homebuyers in Franklin?

Yes, the Texas Department of Housing and Community Affairs (TDHCA) offers its Texas Homebuyer Program, which provides down payment assistance and competitive fixed-rate first mortgages. This is particularly valuable in Franklin, as it can be combined with the area's generally lower home prices to make homeownership very accessible for eligible buyers with moderate incomes.

How do property taxes in Robertson County impact my mortgage payments in Franklin?

Robertson County has property tax rates that are above the national average, which significantly affects your total monthly payment. Your lender will establish an escrow account to pay these taxes, and it's crucial to factor this into your budget, as it can add several hundred dollars to your monthly mortgage obligation compared to just the principal and interest.

Is a USDA Rural Development loan a good option for buying a home in Franklin, TX?

Absolutely. Franklin is classified as a rural area by the USDA, making most homes in and around the city eligible for USDA Guaranteed Loans. These loans offer 100% financing (no down payment), competitive interest rates, and more flexible credit guidelines, making them one of the most advantageous mortgage products for qualified buyers in this specific market.

What local lenders or credit unions in the Franklin area are known for offering competitive mortgage rates?

While national lenders are an option, working with a local institution like First National Bank of Texas (which has a branch in nearby Hearne) or a regional credit union such as Education First FCU can be beneficial. These local lenders often have a deeper understanding of the Franklin-area property valuations and may offer personalized service for the unique aspects of rural property financing.

Nearby Cities

Explore mortgage lenders in cities near Franklin, TX

Why Choose a Mortgage Lender in Franklin?

Local Market Knowledge

Lenders who understand Franklin'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 Franklin and get competitive rates on your home loan.