The Best Mortgage Lenders in Henrietta, TX
Compare verified mortgage lenders serving Henrietta, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Henrietta
Featured Mortgage Lenders
Chad Baker
Benchmark Mortgage
Benchmark Mortgage is one of the highest-rated mortgage lenders serving the North Texas region, including Henrietta. With over 25 years of experience, Chad Baker's team has earned exceptional reviews for their personalized service, competitive rates, and expertise in rural property financing. They specialize in helping clients throughout Clay County and have extensive experience with USDA loans, which are particularly relevant for Henrietta's rural properties. Their local market knowledge and commitment to customer satisfaction make them a top choice for Henrietta residents.
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Mike Kelsey
Supreme Lending
Supreme Lending has been serving North Texas communities since 1999 and maintains a strong presence in the Wichita Falls area that extends to Henrietta. Mike Kelsey and his team have built an outstanding reputation for providing competitive mortgage rates and exceptional customer service. They offer comprehensive loan options including specialized programs for rural properties and first-time homebuyers. With hundreds of positive reviews highlighting their responsiveness and expertise, they are a trusted mortgage provider for Henrietta residents seeking reliable financing solutions.
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Clay County Credit Union
Clay County Credit Union
As Henrietta's local credit union, Clay County Credit Union has been serving the community since 1956 with deep roots in the area. They offer personalized mortgage services with competitive rates and flexible terms tailored to local residents. Their mortgage officers have extensive knowledge of Clay County property values and rural financing requirements. The credit union consistently receives high marks for their community-focused approach, local decision-making authority, and commitment to member satisfaction. For Henrietta residents preferring to work with a local institution that understands their specific needs, this is an excellent choice.
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Frequently Asked Questions
Common questions about mortgage lending in Henrietta, TX
What are the current mortgage rates like in Henrietta, TX, and how do they compare to state averages?
Mortgage rates in Henrietta are generally competitive with state averages, but can be slightly higher due to its rural classification and smaller lender market. It's common to see rates influenced by regional economic factors, including the local agricultural and energy sectors. Working with a local lender familiar with Clay County can sometimes secure more favorable terms than a national online lender.
Are there any down payment assistance or first-time homebuyer programs specifically for Henrietta residents?
Yes, Henrietta homebuyers can access statewide programs like the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program, which offers competitive interest rates and down payment assistance. Additionally, local lenders may have relationships with regional programs or credit unions that offer special terms for first-time buyers in Clay County, making homeownership more accessible.
How does the appraisal process work for a home in a rural area like Henrietta, and are there any unique challenges?
Appraisals in Henrietta can be more complex due to the scarcity of recent comparable sales ("comps") for rural properties or homes on larger lots. Appraisers may need to look at sales in nearby towns like Wichita Falls or across Clay County, which can affect the valuation timeline and outcome. It's wise to work with a lender experienced in rural appraisals to ensure the process goes smoothly.
What types of properties in Henrietta might qualify for USDA Rural Development loans, and what are the benefits?
Most properties in Henrietta and Clay County qualify for USDA loans, which offer 100% financing with no down payment, as the area is designated rural by the USDA. This is a major advantage for eligible buyers looking at single-family homes on typical residential lots. These loans often feature competitive interest rates and lower mortgage insurance costs compared to conventional loans.
How do property taxes in Clay County impact my mortgage payment and overall affordability in Henrietta?
Clay County property taxes are a significant component of your monthly mortgage payment, as they are typically escrowed. While Texas has no state income tax, property tax rates can be notable, so it's crucial to factor them into your budget. The exact rate depends on specific taxing entities (city, county, school district), so reviewing a home's tax history is an essential step during your home search in Henrietta.
Why Choose a Mortgage Lender in Henrietta?
Local Market Knowledge
Lenders who understand Henrietta'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 Henrietta and get competitive rates on your home loan.