The Best Mortgage Lenders in Hillsboro, TX
Compare verified mortgage lenders serving Hillsboro, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hillsboro
Featured Mortgage Lenders
Mortgage Department
First National Bank of Central Texas
First National Bank of Central Texas is a community-focused institution with deep roots in Hillsboro, serving as one of the primary local mortgage lenders in the area. With over two decades of experience, they offer personalized service and competitive rates specifically tailored to Central Texas residents. Their local underwriting and decision-making process allows for faster closings and more flexible loan terms. The bank has maintained exceptional customer satisfaction ratings due to their commitment to understanding local real estate markets and building long-term relationships with borrowers throughout Hill County and surrounding areas.
Loan Types:
Mortgage Team
The Mortgage Firm
The Mortgage Firm serves the greater Central Texas region including Hillsboro, with a strong reputation for competitive rates and exceptional customer service. As an established mortgage broker with multiple loan officers specializing in rural and suburban properties, they offer access to numerous lending programs and investors. Their expertise in USDA and VA loans makes them particularly valuable for Hillsboro area buyers seeking rural housing programs. The company consistently receives high marks for their responsive communication, transparent process, and ability to close loans efficiently throughout Hill County and surrounding regions.
Loan Types:
Mortgage Division
Guild Mortgage Company
Guild Mortgage maintains a strong presence in Central Texas with dedicated loan officers serving the Hillsboro market. As a national lender with local expertise, they combine the resources of a large institution with personalized service. Their extensive product portfolio includes specialized programs for rural properties common in the Hillsboro area. Guild is particularly noted for their excellent customer service throughout the loan process and strong relationships with local real estate professionals. With decades of experience and numerous industry awards, they provide reliable mortgage solutions with competitive pricing for Hillsboro homebuyers and those refinancing existing properties.
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Frequently Asked Questions
Common questions about mortgage lending in Hillsboro, TX
What are the current mortgage rates like in Hillsboro, TX, and how do they compare to the state average?
Mortgage rates in Hillsboro typically align closely with national and Texas state averages, as it's a smaller market served by regional and national lenders. However, local credit unions like First National Bank of Central Texas or First State Bank may occasionally offer very competitive rates or promotions for local residents. It's always wise to compare offers from a local institution with online lenders to ensure you get the best deal.
Are there any down payment assistance programs specifically for Hillsboro homebuyers?
Yes, homebuyers in Hillsboro can access the Texas Department of Housing and Community Affairs (TDHCA) programs like the My First Texas Home and Texas Mortgage Credit Certificate program, which are available statewide. Additionally, the city is within Hill County, and some local lenders may have knowledge of or partnerships with specific community programs or grants aimed at promoting homeownership in the area, especially for teachers, veterans, or first responders.
How does the appraisal process work in Hillsboro given its mix of historic and newer homes?
Appraisals in Hillsboro require special attention due to its diverse housing stock, ranging from historic homes near the courthouse square to newer constructions on the outskirts. An appraiser familiar with the local market will compare your property to similar "comps" in Hillsboro or nearby towns like Whitney or Itasca. Unique features of older homes or the value of larger rural lots can significantly impact the appraisal, so using a local lender with established appraiser relationships is beneficial.
What should I know about getting a mortgage for a property with land outside the Hillsboro city limits?
Financing a home on acreage in the Hillsboro area (common in Hill County) often involves different guidelines than a standard suburban loan. Lenders may require a larger down payment, have stricter debt-to-income ratios, and will classify the property as "rural." It's advantageous to work with a lender experienced in rural Texas mortgages, as they can navigate programs like USDA Rural Development loans, which offer 100% financing for eligible properties and borrowers in designated areas.
As a first-time homebuyer in Hillsboro, what are my best local resources for mortgage education and counseling?
A great first step is to contact a HUD-approved housing counseling agency serving Central Texas, such as Neighborhood Housing Services of Waco, which serves the broader region including Hill County. They offer pre-purchase education and counseling. Additionally, connecting with a local real estate agent who frequently works with first-time buyers can provide referrals to trusted, patient local loan officers who can explain the process in detail and help you explore TDHCA first-time buyer programs.
Why Choose a Mortgage Lender in Hillsboro?
Local Market Knowledge
Lenders who understand Hillsboro'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 Hillsboro and get competitive rates on your home loan.