The Best Mortgage Lenders in Gatesville, TX
Compare verified mortgage lenders serving Gatesville, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Gatesville
Featured Mortgage Lenders
First National Bank Texas
First National Bank Texas
As the only physical bank branch located directly in Gatesville, First National Bank Texas offers exceptional local mortgage services with deep community roots spanning over a century. They provide personalized service with local decision-making authority, making them a top choice for Gatesville residents seeking conventional and government-backed loans. Their long-standing presence in Coryell County ensures they understand local property values and market conditions, offering competitive rates with the convenience of in-person service.
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Supreme Lending
Supreme Lending
With a strong regional presence serving Central Texas including Gatesville, Supreme Lending has built an outstanding reputation for exceptional customer service and competitive mortgage solutions. Their Waco branch specifically serves Coryell County residents with a wide range of loan products and digital mortgage technology. They consistently receive high marks for their responsive communication, streamlined processes, and expertise in both purchase and refinance transactions throughout the region.
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PrimeLending
PrimeLending
PrimeLending's Waco branch serves Gatesville and surrounding Coryell County with comprehensive mortgage services and competitive rates. As a nationwide lender with strong local expertise, they offer the best of both worlds - extensive loan product options combined with personalized service from mortgage professionals who understand the Central Texas market. They're particularly noted for their efficient processing, transparent communication, and flexible underwriting approach that helps borrowers achieve their homeownership goals.
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Frequently Asked Questions
Common questions about mortgage lending in Gatesville, TX
Are there any down payment assistance programs specifically for homebuyers in Gatesville, TX?
Yes, Gatesville and Coryell County homebuyers can access the Texas Department of Housing and Community Affairs (TDHCA) programs like the My First Texas Home and Texas Mortgage Credit Certificate. These statewide programs offer competitive interest rates, down payment assistance, and a federal tax credit, and are particularly valuable in Gatesville's more affordable market to help with upfront costs.
How do property taxes in Coryell County affect my mortgage payment in Gatesville?
Coryell County property taxes are a significant component of your monthly escrow payment. The county's tax rate is relatively moderate for Texas, but it's crucial to factor this into your budget. Your lender will use the county's assessed value and current rate to estimate this cost, which can add several hundred dollars to your monthly mortgage payment.
What is the typical timeline for mortgage approval and closing on a home in Gatesville?
The timeline in Gatesville is often efficient, typically 30-45 days from application to closing. The local market is less frenetic than major metros, allowing for smoother scheduling with appraisers, title companies, and attorneys. Using a local lender familiar with Coryell County's processes can help avoid delays common with out-of-area institutions.
Are USDA Rural Development loans a viable option for buying a home in Gatesville?
Absolutely. Gatesville is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is an excellent program for the area, as many properties just outside the city limits qualify. It's a popular choice for buyers seeking to purchase a home with more land without a large upfront down payment.
How does Gatesville's stable but slower-paced real estate market influence my home appraisal?
The stable market means appraisals are generally straightforward, using comparable sales ("comps") from within Gatesville and surrounding Coryell County. However, with fewer transactions than a major city, finding recent, close comps can sometimes be a challenge. An experienced local appraiser is key to ensuring an accurate valuation that satisfies the lender.
Why Choose a Mortgage Lender in Gatesville?
Local Market Knowledge
Lenders who understand Gatesville'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 Gatesville and get competitive rates on your home loan.