The Best Mortgage Lenders in Hubbard, TX
Compare verified mortgage lenders serving Hubbard, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hubbard
Featured Mortgage Lenders
First National Bank of Central Texas - Hubbard Branch
First National Bank of Central Texas
As the primary local banking institution in Hubbard, First National Bank of Central Texas has served the community for over 120 years with deep roots in the area. Their Hubbard branch provides personalized mortgage services with local decision-making authority, offering competitive rates and flexible terms. They specialize in agricultural and rural property financing, making them ideal for Hubbard's community needs. Their loan officers have extensive experience with Central Texas real estate markets and provide exceptional customer service with quick turnaround times.
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Benchmark Mortgage - Waco Office
Benchmark Mortgage
Benchmark Mortgage serves the Hubbard area from their Waco location, approximately 30 miles away, with a strong reputation for competitive rates and excellent customer service. They have extensive experience with rural Texas properties and offer a wide range of loan programs including specialized options for first-time homebuyers. Their local loan officers understand the unique aspects of Central Texas real estate and provide personalized guidance throughout the mortgage process. They consistently receive high marks for communication and efficiency.
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Supreme Lending - Temple Branch
Supreme Lending
Supreme Lending's Temple office serves the Hubbard area with a strong focus on Central Texas communities. With over 20 years in business, they offer comprehensive mortgage solutions and have particular expertise in rural and suburban property financing. Their local team provides personalized service with access to competitive rates and a wide variety of loan products. They are known for their streamlined application process and excellent customer support, making them a top choice for Hubbard residents seeking reliable mortgage services.
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Frequently Asked Questions
Common questions about mortgage lending in Hubbard, TX
Are there any special loan programs for first-time homebuyers in Hubbard, TX?
Yes, the Texas Department of Housing and Community Affairs (TDHCA) offers the My First Texas Home program, which provides down payment assistance and competitive mortgage rates for eligible first-time buyers in Hubbard. Additionally, some local lenders may offer portfolio loans tailored for the area's moderate-income buyers, which can be more flexible than conventional loans.
How do property taxes in Hill County affect my mortgage payment in Hubbard?
Hill County property taxes are a significant component of your monthly mortgage escrow payment in Hubbard. The combined tax rate for the city, county, and school district typically ranges from 1.8% to 2.2% of the home's assessed value. It's crucial to factor this into your budget, as it can add several hundred dollars to your monthly payment compared to principal and interest alone.
What is the typical down payment needed for a home in Hubbard's market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Hubbard successfully purchase homes with down payments as low as 3-5% using conventional loans or 3.5% with an FHA loan. Given the area's relatively affordable home prices compared to major metros, a lower down payment is often more attainable for local buyers.
Are USDA loans a viable option for homes in Hubbard, Texas?
Absolutely. Hubbard is located in a USDA-eligible rural area, making many homes qualify for USDA Section 502 Guaranteed Loans. This is a popular option as it requires no down payment and offers competitive interest rates, which is ideal for buyers looking at properties on the outskirts of town or in the surrounding agricultural areas.
How does Hubbard's slower-paced, rural market influence the mortgage appraisal process?
Appraisals in Hubbard can sometimes be challenging due to fewer recent comparable sales ("comps") than in urban markets. This may require appraisers to look at properties in a wider geographic area or older sales, which could occasionally impact the appraised value. Working with a lender familiar with the Hill County market can help navigate this process smoothly.
Why Choose a Mortgage Lender in Hubbard?
Local Market Knowledge
Lenders who understand Hubbard'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 Hubbard and get competitive rates on your home loan.