The Best Mortgage Lenders in Gallatin, TX
Compare verified mortgage lenders serving Gallatin, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Gallatin
Featured Mortgage Lenders
Texas Bank and Trust Mortgage Department
Texas Bank and Trust
Texas Bank and Trust is one of the most established and highly-rated regional lenders serving East Texas, including the Gallatin area. With over a century of community banking experience, they offer personalized mortgage services with local decision-making. Their mortgage team provides competitive rates on all major loan types and is particularly noted for exceptional customer service and deep understanding of rural and small-town Texas property markets. They maintain strong relationships with local real estate professionals and offer both in-person and digital mortgage solutions.
Loan Types:
Prosperity Bank Mortgage Services
Prosperity Bank
Prosperity Bank has a strong presence throughout East Texas and serves the Gallatin area with comprehensive mortgage solutions. As one of Texas's largest independent banks, they combine the resources of a major financial institution with local, personalized service. Their mortgage specialists are praised for responsiveness, competitive rates, and guiding borrowers through the entire process. They offer special programs for first-time homebuyers and have extensive experience with rural properties common in the Gallatin region.
Loan Types:
Southside Bank Mortgage Division
Southside Bank
Southside Bank is a Tyler-based institution with deep roots in East Texas that actively serves the Gallatin community. Their mortgage team receives high marks for local expertise, particularly with rural properties and acreage loans common in the area. They offer competitive rates and flexible terms, with mortgage officers who understand the unique aspects of East Texas real estate. The bank is known for its community commitment and provides both traditional branch service and modern digital mortgage applications, making them accessible to Gallatin residents.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Gallatin, TX
What are the typical down payment requirements for homes in Gallatin, TX, and are there local programs to assist with this?
In Gallatin, typical down payments range from 3.5% for FHA loans to 20% for conventional loans to avoid PMI. While Gallatin itself doesn't offer a city-specific program, Texas State Affordable Housing Corporation (TSAHC) programs are accessible to qualified buyers in Gallatin, offering down payment assistance grants and favorable mortgage rates for first-time and repeat buyers who meet income and purchase price limits.
How does Gallatin's rural location impact my mortgage options and property eligibility?
Gallatin's designation as a rural area opens up valuable USDA Rural Development loans, which offer 100% financing (no down payment) for eligible borrowers and properties. This is a significant advantage not available in more urban Texas markets. It's crucial to have your chosen property checked for USDA eligibility through their online mapping tool before proceeding.
Are property taxes in Gallatin County a major factor in my mortgage qualification?
Yes, property taxes are a key consideration. While Texas has no state income tax, property tax rates can be significant. Your lender will calculate your debt-to-income ratio using the estimated annual property tax and insurance, which can affect how much home you qualify for. It's wise to get a precise tax estimate for any property you're considering.
What should I know about well and septic systems when getting a mortgage for a Gallatin home?
Many homes in Gallatin use private wells and septic systems. Most lenders will require a potability test for well water and a satisfactory inspection of the septic system as a condition for loan approval. These are additional costs and potential negotiation points if repairs are needed, so factor them into your budget and timeline.
As a first-time homebuyer in Gallatin, what special mortgage programs should I explore?
First-time buyers in Gallatin should prioritize exploring the TSAHC Homes for Texas Heroes and Home Sweet Texas programs, which offer down payment assistance and competitive rates for teachers, firefighters, healthcare workers, and other public servants, as well as general first-time buyers. Additionally, consult with lenders familiar with the USDA loan program, which is particularly relevant for the area.
Nearby Cities
Explore mortgage lenders in cities near Gallatin, TX
Why Choose a Mortgage Lender in Gallatin?
Local Market Knowledge
Lenders who understand Gallatin'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 Gallatin and get competitive rates on your home loan.