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Frost, TX

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.

3
Top Lenders
4.7
Avg Rating
650+
Reviews
10
Loan Types

Available Loan Programs in Frost

Conventional
FHA
VA
USDA
Jumbo
Construction
Refinance
First-time Homebuyer
Home Equity
Renovation

Featured Mortgage Lenders

1

Mortgage Department

American Bank of Texas

★★★★☆
4.8/5

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.

Experience:25 years
Reviews:150 customer reviews
200 N 12th St, Corsicana, TX 75110

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

Mortgage Services

Texans Credit Union

★★★★☆
4.7/5

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.

Experience:70 years (mortgage division: 20+ years)
Reviews:200 customer reviews
500 N Main St, Corsicana, TX 75110

Loan Types:

ConventionalFHAVAFirst-time HomebuyerRefinanceHome Equity
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3

Local Mortgage Office

Guild Mortgage

★★★★☆
4.6/5

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.

Experience:60 years
Reviews:300 customer reviews
110 Executive Way, Waxahachie, TX 75165

Loan Types:

ConventionalFHAVAUSDAJumboRenovationRefinance
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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.

Mortgage Insights

Finding Your Guide: Why a Local Home Loan Agent is Key to Buying in Frost, Texas

If you’re starting your home search in Frost, Texas, you’ve likely typed “home loan agents near me” into your search bar. That’s a smart first move. In a close-knit community like Frost, where the real estate market operates with a unique, small-town rhythm, partnering with a local mortgage expert isn’t just convenient—it’s a strategic advantage. A local agent understands more than just interest rates; they understand the fabric of the community and the specifics of our market.

The Frost housing market, like many in rural Ellis County, presents a mix of charming older homes on larger lots and newer developments. A local home loan agent brings critical insight into how different properties in our area are valued and financed. They know which lenders have experience with the types of well-and-septic systems common here, or how to navigate the appraisal process for a historic home on the outskirts of town. Their local network is invaluable; they can often recommend reputable inspectors, title companies, and real estate agents who are familiar with Frost, ensuring your entire home-buying team is aligned and efficient.

From a practical standpoint, here’s how to make your search for “home loan agents near me” work for you in Frost. First, look for agents who are physically based in Ellis County or the surrounding North Texas region. Schedule consultations with two or three to compare not just their rates, but their understanding of Frost. Ask them pointed questions: “What specific challenges have you seen in getting loans approved for homes in the Frost city limits?” or “Can you share your experience with the recent sales in my target neighborhood?” Their answers will reveal their local expertise.

There are also important Texas-specific and regional programs to discuss with your agent. The Texas Department of Housing and Community Affairs (TDHCA) offers down payment assistance and first-time homebuyer programs with favorable terms, which can be a game-changer. A knowledgeable local agent will be well-versed in these programs and can help you determine if you qualify. They’ll also understand the implications of Texas property taxes and how to factor those into your overall budget, a crucial step for long-term affordability.

Your actionable advice is this: Don’t just find a loan agent; find a Frost-area guide. Start your search locally, ask detailed questions about their experience in our specific market, and lean on their knowledge of Texas homebuyer programs. By choosing an agent who is embedded in the community, you’re gaining a partner who can help you navigate the financial path to owning a home here with confidence. Your perfect Frost homestead isn’t just about the house—it’s about securing it with the right local expertise by your side.

Nearby Cities

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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.