The Best Mortgage Lenders in Granbury, TX
Compare verified mortgage lenders serving Granbury, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Granbury
Featured Mortgage Lenders
Guild Mortgage Company
Guild Mortgage Company - Granbury
Guild Mortgage's Granbury branch, led by experienced loan officer David Schmidt, is highly regarded for exceptional customer service and local market expertise. They specialize in serving the unique needs of Granbury homebuyers with personalized mortgage solutions. Their high rating reflects consistent satisfaction among local clients, with particular strength in VA and conventional loans. The company's long-standing presence since 1960 provides stability and reliability that local homebuyers trust.
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PrimeLending
PrimeLending - Granbury
PrimeLending's Granbury location offers comprehensive mortgage services with a strong focus on first-time homebuyer programs and competitive rate options. Their local team has deep knowledge of Hood County's real estate market and provides personalized guidance throughout the mortgage process. The company's national backing combined with local expertise makes them a top choice for Granbury residents seeking reliable financing with competitive terms and excellent customer support.
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CrossCountry Mortgage
CrossCountry Mortgage, LLC - Granbury
CrossCountry Mortgage provides robust mortgage services to Granbury homebuyers with a particular strength in construction loans and jumbo financing. Their local loan officers have extensive experience navigating the Granbury market and offer a wide range of loan products to meet diverse needs. The company's strong reputation stems from their commitment to transparent communication, competitive rates, and efficient loan processing, making them a preferred lender for both purchase and refinance transactions in the Granbury area.
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Frequently Asked Questions
Common questions about mortgage lending in Granbury, TX
Are there any special mortgage programs for first-time homebuyers in Granbury, Texas?
Yes, the Texas Department of Housing and Community Affairs (TDHCA) offers the My First Texas Home program, which provides down payment assistance and competitive fixed-rate mortgages. This program is particularly valuable in Granbury, where median home prices have been rising, as it can help with the initial cash barrier. Local lenders and mortgage brokers in Hood County are well-versed in these state-wide programs and can guide you through the application process.
How does Granbury's location on Lake Granbury and the Brazos River affect the mortgage process?
Purchasing a waterfront or floodplain property in Granbury often requires additional steps. Lenders will typically mandate a separate flood elevation certificate and require flood insurance, which is an additional cost factored into your monthly payment. It's crucial to work with a local lender familiar with FEMA flood maps in Hood County to accurately assess these requirements and costs before finalizing your loan.
What are typical down payment expectations for a conventional loan on a home in Granbury?
While 20% down is ideal to avoid private mortgage insurance (PMI), many local lenders in Granbury work with buyers putting down as little as 3-5% for conventional loans, especially for primary residences. Given Granbury's attractive market, a stronger down payment can make your offer more competitive against other buyers. It's advisable to get pre-approved with a local bank or credit union to understand your specific options based on your financial profile.
Are USDA rural development loans available for homes in Granbury, TX?
Yes, a significant portion of Hood County, including many areas in and around Granbury, is eligible for USDA loans, which offer 100% financing (no down payment). This is a major advantage for eligible buyers looking at properties in the more rural parts of the Granbury area. You should check the official USDA eligibility map and consult with a lender approved for these loans to confirm if your target property qualifies.
How do property taxes in Hood County impact my mortgage payment in Granbury?
Hood County property taxes are a significant component of your monthly mortgage payment, as they are typically escrowed by the lender. Granbury's combined tax rate (city, county, school district) is relatively competitive for the region but can vary. Your lender will use the prior year's tax rate for estimation, but it's important to budget for potential increases, as property values—and thus taxes—have been appreciating in this popular lakeside community.
Why Choose a Mortgage Lender in Granbury?
Local Market Knowledge
Lenders who understand Granbury'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 Granbury and get competitive rates on your home loan.