The Best Mortgage Lenders in Gordon, TX
Compare verified mortgage lenders serving Gordon, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Gordon
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong presence in North Texas, serving Gordon and surrounding areas. Known for exceptional customer service, competitive rates, and a wide range of loan options, they have consistently high ratings from borrowers for their streamlined processes and personalized support. Their local office in Weatherford ensures accessible, in-person service for clients in Palo Pinto County.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its fast closings, innovative technology, and commitment to community service. With a robust presence in Texas, they effectively serve Gordon residents through their Fort Worth branch, offering competitive rates and a focus on customer satisfaction. Their extensive loan programs and efficient processes make them a preferred choice for homebuyers in the region.
Loan Types:
New American Funding
New American Funding
New American Funding is a reputable lender with a strong track record in Texas, providing tailored mortgage solutions to clients in Gordon and beyond. They excel in offering diverse loan products, including options for underserved communities, and are praised for their responsive service and competitive rates. Their Irving office supports a wide service area, ensuring reliable assistance for homebuyers in North Texas.
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Frequently Asked Questions
Common questions about mortgage lending in Gordon, TX
What are the typical down payment requirements for buying a home in Gordon, TX, given its rural market?
In Gordon's rural market, many lenders offer USDA Rural Development loans, which require **0% down payment** for eligible borrowers and properties. Conventional loans typically require 3-5% down, but local lenders are familiar with the area's lower median home prices, which can make saving for a down payment more achievable. It's advisable to speak with a lender experienced in Erath County to explore all low-down-payment options.
Are there any local or county-specific first-time homebuyer assistance programs available in Gordon?
While Gordon itself does not have a city-specific program, Texas State Affordable Housing Corporation (TSAHC) offers down payment assistance grants and favorable mortgage rates for first-time buyers statewide, which are accessible in Erath County. Additionally, the USDA Section 502 Direct Loan program can be a powerful tool here, offering subsidized rates and payment assistance for low-income buyers in this designated rural area.
How does the appraisal process work for unique or rural properties in Gordon, like land with a well and septic?
Appraising rural properties in Gordon requires an appraiser with specific competency in non-urban valuations. Lenders will order an appraisal that thoroughly evaluates the well (water quality and yield), septic system, land value, and comparable sales, which may be fewer and farther apart. This process can take longer than in urban areas, so buyers should build extra time into their contract closing timeline.
What type of property insurance considerations are unique to getting a mortgage in Gordon, TX?
Due to Gordon's location in North Texas, lenders will require **wind/hail insurance** as a standard part of your homeowner's policy, which can be more costly than in less exposed areas. For properties on several acres, if you have outbuildings or livestock, you may also need separate farm and ranch or liability coverage, which your lender will need to review and approve.
How do mortgage rates and fees in Gordon compare to those in larger Texas metro areas?
Mortgage interest rates are generally standardized nationwide, but your final rate is based on credit profile and loan specifics. However, some local community banks or credit unions in the Gordon/Stephenville area may offer competitive relationship discounts or slightly lower fees. The key difference is that jumbo loans are rare here due to lower home prices, so most buyers will be seeking conventional, FHA, or USDA loan products.
Why Choose a Mortgage Lender in Gordon?
Local Market Knowledge
Lenders who understand Gordon'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 Gordon and get competitive rates on your home loan.