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Gary, TX

The Best Mortgage Lenders in Gary, TX

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

3
Top Lenders
4.8
Avg Rating
454+
Reviews
8
Loan Types

Available Loan Programs in Gary

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
First-time Homebuyer

Featured Mortgage Lenders

1

Guild Mortgage Company

Guild Mortgage Company - Longview

★★★★☆
4.8/5

Guild Mortgage has been serving East Texas communities for decades with a strong local presence in Longview, just 30 minutes from Gary. They specialize in rural and suburban home financing with exceptional expertise in USDA loans perfect for Gary's semi-rural setting. Their 4.8-star rating reflects consistent customer satisfaction, personalized service, and competitive rates for first-time homebuyers and experienced homeowners alike.

Experience:15 years
Reviews:185 customer reviews
120 Professional Plaza, Longview, TX 75605

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

Benchmark Mortgage

Benchmark Mortgage - Tyler

★★★★☆
4.7/5

Benchmark Mortgage's Tyler office serves the entire East Texas region including Gary with specialized knowledge of rural property financing. With nearly 30 years in business, they offer extensive experience with USDA rural development loans that are particularly relevant to Gary homeowners. Their 4.7-star rating highlights their commitment to transparent communication and competitive pricing, making them a top choice for Gary area residents.

Experience:12 years
Reviews:142 customer reviews
4101 S Broadway Ave, Tyler, TX 75703

Loan Types:

ConventionalFHAVAUSDAConstructionRefinance
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3

Tyler Mortgage Professionals

Tyler Mortgage Professionals

★★★★☆
4.9/5

This highly-rated local mortgage broker consistently earns 4.9-star reviews for their personalized service and expertise in East Texas rural communities like Gary. They have deep experience with USDA and FHA loans that work well for Gary's housing market. Their team provides hands-on guidance through the entire mortgage process and maintains strong relationships with local real estate professionals throughout the region.

Experience:18 years
Reviews:127 customer reviews
1800 S Broadway Ave, Tyler, TX 75701

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Gary, TX

What are the typical down payment requirements for homes in Gary, TX, given its rural market?

In Gary's rural and more affordable market, many conventional loans are available with down payments as low as 3-5%. For eligible buyers, USDA loans offer a significant advantage with 0% down payment, as much of the area qualifies for this rural development program. Local lenders are familiar with these options and can guide you based on the specific property location.

Are there any local or state-specific first-time homebuyer programs that are particularly useful in Gary?

Yes, the Texas Department of Housing and Community Affairs (TDHCA) offers the My First Texas Home program, which provides competitive interest rates and down payment assistance for qualifying first-time buyers in Gary. Additionally, the Texas State Affordable Housing Corporation (TSAHC) has programs offering grants for down payment and closing costs, which can be very helpful given the area's moderate incomes.

How do property taxes in Panola County affect my mortgage payment and qualification in Gary?

Panola County property taxes are a significant component of your monthly payment, often comparable to or slightly below the Texas state average. Lenders will calculate your debt-to-income ratio including this estimated tax escrow, so it's crucial to get an accurate tax estimate early. Working with a local loan officer ensures they use correct local tax rates for your pre-approval.

What type of property appraisal challenges are common for mortgages on rural land or acreage in Gary?

Appraisals for properties with acreage or unique rural features in Gary can be more complex and sometimes require specialized appraisers familiar with land valuation. This process may take longer and cost more than a standard urban appraisal. It's advisable to work with a lender who has established relationships with appraisers experienced in the Panola County market.

Is homeowner's insurance more expensive for mortgages in Gary due to its rural setting?

Insurance costs can vary, but generally, premiums in rural Gary may be favorable compared to urban areas, though they can be influenced by the distance to a fire hydrant or fire station. For properties on several acres, lenders may also require a separate liability policy. It's wise to get insurance quotes early in the homebuying process to accurately estimate your total monthly mortgage payment.

Mortgage Insights

Finding Your Guide: Why a Local Mortgage Loan Officer is Key to Buying in Gary, Texas

If you're starting the exciting journey to buy a home in Gary, Texas, you might be searching online for a "mortgage loan officer near me." This isn't just about convenience; in a close-knit community and a unique rural market like ours, partnering with a local professional can make all the difference between a stressful process and a smooth path to homeownership.

Gary's real estate market is distinct. We're talking about larger properties, acreage, and a mix of historic homes and newer builds, all set within the beautiful Piney Woods of East Texas. A mortgage loan officer based in or deeply familiar with Panola County understands this context. They don't just see numbers on a screen; they understand the value of a barn, the cost of a well and septic system (common here outside city utilities), and how the appraisal process might work for a property with significant land. Their local expertise ensures your pre-approval amount is realistic for what you can actually find and buy in our specific area.

When looking for your loan officer, go beyond a simple online search. Ask for referrals from your local real estate agent, who works with these professionals daily. Look for someone who is accessible and willing to explain the nuances of Texas-specific programs. For instance, the Texas Department of Housing and Community Affairs (TDHCA) offers down payment assistance and favorable loan options for qualified first-time homebuyers—a fantastic resource that a knowledgeable local officer can help you navigate. They can also advise on how property taxes in Texas, which are notably higher than the national average, will impact your overall monthly budget.

Your first conversation with a potential loan officer is crucial. Come prepared to ask pointed questions: "How familiar are you with the Gary and Panola County market?" "What Texas-specific or USDA rural development loan programs might I qualify for?" (USDA loans can be an excellent fit for many properties here). "Can you walk me through the closing cost expectations in our area?"

The actionable advice is this: Treat finding your mortgage loan officer as the first major step in your homebuying process, even before you fall in love with a house. A local expert will provide a pre-approval letter that carries weight with Gary sellers, knowing it's backed by an understanding of local property values. They can often recommend trusted local inspectors, title companies, and insurance agents, creating a seamless support team.

In a small town, relationships matter. Choosing a mortgage professional who is invested in the Gary community means you're getting a partner who is committed to helping you successfully put down roots here. They have a stake in seeing you happy in your new home, not just closing a transaction. Start local, and build your path to a Gary home on a foundation of expert, community-focused guidance.

Nearby Cities

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Why Choose a Mortgage Lender in Gary?

Local Market Knowledge

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