The Best Mortgage Lenders in Graford, TX
Compare verified mortgage lenders serving Graford, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Graford
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates, with a strong presence in North Texas serving Graford. They specialize in a wide range of loan products and have a reputation for personalized service, making them a preferred choice for homebuyers in rural and suburban areas. Their high ratings stem from efficient processing, transparency, and community involvement.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly regarded mortgage lender with a strong track record in Texas, including service to Graford. They offer diverse loan options and are praised for their competitive rates, digital tools, and commitment to minority and first-time homebuyer programs. Their customer-centric approach and high satisfaction ratings make them a reliable choice for borrowers seeking flexible and efficient financing solutions.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a reputable lender with extensive experience serving Texas communities like Graford. They are known for their personalized service, fast closings, and wide array of loan products. With a focus on building long-term client relationships and offering competitive rates, they have earned high marks for reliability and customer support, making them a solid option for home financing in the region.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Graford, TX
Are there any special mortgage considerations for buying a home on Possum Kingdom Lake near Graford?
Yes, financing a lakefront or lake-access property in the Possum Kingdom area often requires additional steps. Lenders may require a specialized appraisal that considers the value of the waterfront location and may have stricter requirements on the condition of docks or seawalls. It's also common for insurance premiums to be higher, which can affect your debt-to-income ratio calculations.
What are the typical down payment requirements for homes in Graford, TX, given its rural setting?
While standard down payments of 3-5% are available for qualified buyers, many homes in Graford and Palo Pinto County may qualify for USDA Rural Development loans, which offer 0% down payment options. This program is widely applicable in the area due to its rural designation, making homeownership more accessible even with limited savings.
How does Graford's location in Palo Pinto County affect property tax rates and mortgage escrow?
Palo Pinto County has a relatively moderate property tax rate compared to larger Texas metros, but it's crucial to factor this into your payment. Your lender will establish an escrow account for taxes and insurance, and it's wise to research the specific tax rates for the Graford ISD and any applicable MUD or water district taxes, as they can vary.
Are there local or state-assisted first-time homebuyer programs accessible to Graford residents?
Yes, Graford buyers can utilize the Texas Department of Housing and Community Affairs (TDHCA) programs like the My First Texas Home program. These offer competitive interest rates, down payment assistance, and tax credits, and are particularly helpful for qualifying individuals and families in Graford's market. Working with a lender familiar with these state programs is key.
What should I know about getting a mortgage for a manufactured or modular home in Graford?
Financing for manufactured homes in Graford is common but has specific rules. The home must be permanently affixed to a foundation and titled as real property. Lenders will require it to be on owned land (not leased) and may have age restrictions. FHA, VA, and USDA loans can be used for qualified manufactured homes, expanding your options.
Why Choose a Mortgage Lender in Graford?
Local Market Knowledge
Lenders who understand Graford'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 Graford and get competitive rates on your home loan.