The Best Mortgage Lenders in Fulton, TX
Compare verified mortgage lenders serving Fulton, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fulton
Featured Mortgage Lenders
Fulton Federal Credit Union Mortgage Department
Fulton Federal Credit Union
Fulton Federal Credit Union stands out as the premier local mortgage lender serving the Fulton community directly. With deep roots in the Coastal Bend area since 1954, they offer personalized service and competitive rates specifically tailored to local residents. Their mortgage team has extensive experience with coastal property financing and understands the unique needs of Fulton homebuyers. Members consistently praise their responsive service, local decision-making, and commitment to the community. As a not-for-profit institution, they often provide more favorable terms than larger commercial banks.
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Texas Gulf Bank Mortgage Division
Texas Gulf Bank, N.A.
Texas Gulf Bank has been a trusted regional lender serving the Coastal Bend area for over 30 years, with a dedicated Rockport branch conveniently located just minutes from Fulton. They specialize in coastal property financing and have extensive experience with the unique considerations of waterfront and near-water properties common in the Fulton area. Customers consistently rate them highly for their local underwriting expertise, competitive rates, and personalized service. Their construction-to-permanent loan programs are particularly popular among Fulton residents building custom homes.
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Coastal Bend Mortgage
Coastal Bend Mortgage Company
Coastal Bend Mortgage is a highly-rated mortgage brokerage serving the entire Coastal Bend region, including Fulton. With nearly two decades of experience, they leverage relationships with multiple lenders to secure competitive rates and favorable terms for Fulton homebuyers. Their team has specialized knowledge of the local real estate market and excels at navigating the unique challenges of coastal property financing. Customers praise their responsive communication, thorough guidance through the mortgage process, and ability to close loans efficiently. They're particularly recommended for first-time homebuyers and those with unique financial situations.
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Frequently Asked Questions
Common questions about mortgage lending in Fulton, TX
What are the typical down payment requirements for homes in Fulton, TX, given its coastal market?
For the majority of single-family homes in Fulton, conventional loans with a 5-20% down payment are standard. However, due to the prevalence of older homes and potential flood zone considerations, some lenders may require slightly higher down payments or specific inspections. Utilizing USDA loans could allow for 0% down in eligible rural areas just outside the city limits.
Are there specific mortgage considerations for buying a waterfront or canal-access property in Fulton?
Yes, waterfront properties often come with additional requirements. Lenders will typically mandate a separate flood elevation certificate and require flood insurance, which must be escrowed with your mortgage payment. Insurance costs can be significant and directly impact your debt-to-income ratio, so this must be factored in during pre-approval.
What local or state programs are available to help first-time homebuyers in Fulton?
Texas homebuyers can access the Texas Department of Housing and Community Affairs (TDHCA) programs, which offer down payment assistance and competitive mortgage rates for qualifying individuals. Additionally, the City of Rockport (which Fulton is part of) may occasionally offer local incentives; checking with the Rockport-Fulton Area Chamber of Commerce for current programs is recommended.
How do property taxes in Fulton and Aransas County affect my mortgage qualification and payments?
Aransas County property taxes are a significant component of your monthly payment. Lenders will use the current tax rate (which is relatively high compared to national averages) to calculate your escrow requirements. This can reduce the loan amount you qualify for, so it's crucial to get an accurate tax estimate for your specific property during the budgeting process.
Is it difficult to get a mortgage for a vacation or second home in Fulton, given its popularity as a coastal destination?
Financing a second home in Fulton is common but has stricter requirements than a primary residence. You'll typically need a higher credit score (often 720+), a larger down payment (usually 10-20% minimum), and must demonstrate sufficient income to cover both mortgage payments. Interest rates for second homes are also generally 0.25% to 0.5% higher than for primary residences.
Why Choose a Mortgage Lender in Fulton?
Local Market Knowledge
Lenders who understand Fulton'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 Fulton and get competitive rates on your home loan.