The Best Mortgage Lenders in Howe, TX
Compare verified mortgage lenders serving Howe, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Howe
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage
Movement Mortgage is a top-rated national lender founded in 2008, renowned for its competitive rates, efficient processing, and exceptional customer service. They have a strong presence in North Texas and actively serve the Howe area with a wide range of loan options, including specialized programs for first-time homebuyers. Their high customer satisfaction ratings and extensive review count reflect their reliability and commitment to the community.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage has been a trusted lender in Texas since 1996, offering personalized service and a comprehensive suite of mortgage products. With decades of experience, they have built a reputation for transparency and support, particularly in rural areas like Howe. Their high review count and ratings underscore their dedication to client satisfaction and local expertise.
Loan Types:
New American Funding
New American Funding
New American Funding is a diverse and inclusive lender founded in 2003, known for its innovative loan programs and strong community involvement. They serve Howe and surrounding regions with competitive rates, focusing on accessibility for various borrowers, including those with unique financial situations. Their consistent high ratings and substantial review count highlight their reliability and customer-centered approach.
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Frequently Asked Questions
Common questions about mortgage lending in Howe, TX
Are there any down payment assistance programs specifically for homebuyers in Howe, Texas?
Yes, homebuyers in Howe can access statewide programs like the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program, which offers down payment assistance and competitive mortgage rates. Additionally, Grayson County or local lenders may have specific grants or second lien programs for qualifying buyers, especially first-time homebuyers or those in targeted professions like teachers or first responders.
How does Howe's location in the Sherman MSA (Metropolitan Statistical Area) affect mortgage rates and availability?
Being part of the Sherman-Denison MSA means lenders view Howe as part of a stable, small metropolitan area, which can lead to competitive mortgage rates similar to those in nearby Sherman. Lenders are generally familiar with the local market, and loan products are readily available. However, rates may be slightly higher than in major Texas metros due to different market dynamics and potentially fewer direct lender branches.
What should I know about property taxes in Howe when calculating my monthly mortgage payment?
Grayson County property taxes are a significant component of your monthly escrow payment. Howe's combined tax rate (city, county, school district) is typically around 2.3% to 2.5% of the appraised value. It's crucial to factor this into your debt-to-income ratio, as Texas has no state income tax but relies heavily on property taxes, which can add several hundred dollars to your monthly mortgage payment.
Are USDA rural housing loans available for homes in Howe, TX?
Yes, most of Howe qualifies for USDA Rural Development loans due to its population size and location. This is a major advantage for eligible buyers, as USDA loans offer 100% financing (no down payment) and competitive interest rates. You should confirm the specific property's eligibility using the USDA website, but this program makes homeownership very accessible in the Howe area.
How does the appraisal process work in Howe's unique market, which mixes rural properties with suburban-style homes?
Appraisals in Howe require a professional familiar with both rural land value and the suburban comparables from nearby communities like Sherman and Van Alstyne. Lenders will ensure the appraiser uses recent, relevant sales (comps) from within a reasonable distance, which may include neighboring towns. Unique features like larger land parcels common in Howe are carefully evaluated to ensure the loan amount is supported.
Why Choose a Mortgage Lender in Howe?
Local Market Knowledge
Lenders who understand Howe'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 Howe and get competitive rates on your home loan.