The Best Mortgage Lenders in Frost, TX
Compare verified mortgage lenders serving Frost, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Frost
Featured Mortgage Lenders
Mortgage Department
American Bank of Texas
American Bank of Texas is a highly-rated regional bank with deep roots in North Texas communities, serving Frost and surrounding Navarro County areas. With over two decades of experience, they offer personalized mortgage services through local loan officers who understand the unique needs of rural and small-town Texas homebuyers. Their strong community presence and commitment to competitive rates make them a top choice for Frost residents seeking conventional, government-backed, and construction loans with local decision-making.
Loan Types:
Mortgage Services
Texans Credit Union
Texans Credit Union has been serving North Texas communities for over seven decades, with their mortgage division becoming a trusted resource for Frost area homebuyers. As a member-owned financial cooperative, they offer competitive rates and personalized service that often outperforms larger national lenders. Their local Corsicana branch provides convenient access for Frost residents, and they're particularly noted for their first-time homebuyer programs and exceptional customer service throughout the loan process.
Loan Types:
Local Mortgage Office
Guild Mortgage
Guild Mortgage is a nationally recognized mortgage lender with strong local presence through their Ellis County office serving the Frost area. With six decades of experience, they offer a comprehensive range of loan products and are particularly noted for their expertise in USDA rural development loans, which are ideal for Frost's rural community. Their local loan officers provide personalized service with the backing of a large lender's resources, offering competitive rates and flexible underwriting that benefits buyers in smaller Texas towns.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Frost, TX
What are the typical down payment requirements for buying a home in Frost, TX, given its rural setting?
For most conventional loans in Frost, a 5-20% down payment is standard, but the area's more affordable price points compared to major metros can make saving for this more achievable. Importantly, because Frost is located in Navarro County, which is often designated as a rural area by the USDA, eligible buyers may qualify for a USDA loan with **0% down payment**, a significant advantage for purchasing in this community.
Are there any local or county-specific first-time homebuyer assistance programs available in Frost?
Yes, Frost homebuyers can access the **Texas State Affordable Housing Corporation (TSAHC)** down payment assistance grants, which are available statewide. Additionally, it's worth checking with the Navarro County Community Action Agency for any localized programs or counseling. These programs can provide thousands of dollars in grant or forgivable loan assistance to help with down payments and closing costs.
How do property taxes in Navarro County impact my mortgage payments in Frost?
Navarro County property taxes are a significant component of your monthly mortgage escrow payment, as Texas has no state income tax but relatively high property tax rates. The current combined rate for Frost (including county, city, and school district) is approximately **2.2% - 2.5%** annually. Your lender will calculate this into your monthly payment, so budgeting for this ongoing cost is crucial when determining how much house you can afford.
Does the lack of major city infrastructure in Frost affect the mortgage appraisal process?
It can. Appraisals in smaller, rural communities like Frost often rely on "comparable sales" from a wider geographic area, which can sometimes include properties in Corsicana or other nearby towns. This can lead to more variability in appraised values. It's important to work with a local lender or agent familiar with the Navarro County market to ensure the appraisal accurately reflects the unique value of properties in Frost.
What type of insurance considerations are unique to a Frost, TX, mortgage?
Beyond standard homeowners insurance, lenders in Frost will typically require **flood insurance** if the property is located in a designated Special Flood Hazard Area (SFHA), as determined by FEMA maps. Given the rural and agricultural surroundings, some properties may also have septic systems and wells, so lenders may require specific inspections to ensure these systems are functioning properly before closing.
Why Choose a Mortgage Lender in Frost?
Local Market Knowledge
Lenders who understand Frost'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 Frost and get competitive rates on your home loan.