The Best Mortgage Lenders in Harrold, TX
Compare verified mortgage lenders serving Harrold, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Harrold
Featured Mortgage Lenders
Chris Tullous
Guaranteed Rate
Guaranteed Rate is one of the top-rated digital mortgage lenders in the nation with a strong local presence through Chris Tullous in nearby Wichita Falls. They offer competitive rates, a streamlined online application process, and extensive experience serving rural North Texas communities. With nearly 300 excellent reviews and 15 years of local market expertise, they provide personalized service with the backing of a national lender's resources and technology.
Loan Types:
Mortgage Department
First Command Bank
First Command Bank has built an exceptional reputation serving North Texas communities with a focus on military families and rural homeowners. Their mortgage team brings 18 years of specialized experience with VA loans and rural property financing. With consistently high customer satisfaction ratings and deep understanding of Texas rural markets, they offer personalized guidance through the entire mortgage process and maintain strong relationships with local real estate professionals.
Loan Types:
Mortgage Services
Wichita Falls Teachers Federal Credit Union
Wichita Falls Teachers FCU has been serving the North Texas region for over 70 years with deep roots in the local community. Their mortgage department offers competitive rates and personalized service, particularly strong in rural property financing and construction loans relevant to Harrold area homeowners. With extensive experience in USDA rural development loans and local market knowledge, they provide exceptional member service and community-focused lending solutions.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Harrold, TX
What are the typical down payment requirements for buying a home in Harrold, TX, given its rural nature?
In Harrold and similar rural Texas areas, many lenders offer USDA loans, which require **0% down payment** for eligible borrowers and properties. For conventional loans, a 3-5% down payment is common, but the lower property prices in Wilbarger County compared to urban areas can make saving for a down payment more achievable. It's wise to consult a local lender familiar with rural property financing.
Are there specific mortgage programs or grants for first-time homebuyers in Harrold?
Yes, Texas statewide programs like the **Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home** program are accessible to Harrold buyers, offering competitive interest rates and down payment assistance. Additionally, because Harrold is in a rural area, you may qualify for a USDA Section 502 Direct or Guaranteed loan, which offers favorable terms for low-to-moderate income households.
How does the appraisal process work for a home in a small, rural town like Harrold where comparable sales can be limited?
Appraisals in Harrold can be more complex due to fewer recent sales. Lenders often require appraisers with specific rural market expertise who may look at comparable properties in a wider geographic area, including nearby towns like Vernon or Electra. Be prepared for a potentially longer appraisal process and ensure your lender has experience with rural Texas properties.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Harrold?
Your monthly payment will include an escrow for **Wilbarger County property taxes**, which are a significant factor. Texas has no state income tax but relatively higher property taxes; rates in the county are typically around 1.8-2.2% of assessed value. You'll also need homeowners insurance, and due to the rural location, you may want to inquire about separate wind/hail or flood insurance coverage, which can affect your total payment.
Are mortgage interest rates different in Harrold, TX, compared to larger cities in Texas?
The interest rate itself is primarily based on your credit profile and national markets, not your city. However, your choice of **local lender** matters. A smaller local bank or credit union in the Vernon/Harrold area may offer more personalized service and potentially competitive rates for the community. They may also have more flexibility in underwriting for unique rural properties than large national banks.
Why Choose a Mortgage Lender in Harrold?
Local Market Knowledge
Lenders who understand Harrold'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 Harrold and get competitive rates on your home loan.