The Best Mortgage Lenders in Industry, TX
Compare verified mortgage lenders serving Industry, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Industry
Featured Mortgage Lenders
Ron Schomburg
Schomburg Mortgage
Schomburg Mortgage is a highly-rated local mortgage company serving Industry and surrounding Washington County areas with exceptional personalized service. With over 20 years in business, they've built a strong reputation for competitive rates and guiding clients through the entire mortgage process. Their deep understanding of rural and small-town Texas real estate makes them particularly well-suited for Industry residents. They offer comprehensive loan options including specialized programs for rural properties common in the area.
Loan Types:
Member Services
Altra Federal Credit Union
Altra Federal Credit Union has been serving Texas communities for over 90 years with a strong presence in rural areas including Industry. They offer competitive mortgage rates to members and non-members alike, with particular expertise in rural housing loans suitable for Industry's landscape. Their local loan officers understand the unique needs of smaller Texas communities and provide personalized service with the stability of an established financial institution.
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Texas Branch
Guild Mortgage
Guild Mortgage brings national lending power with local expertise to Industry and surrounding areas. With decades of experience and a strong Texas presence, they specialize in serving diverse housing markets from urban to rural communities. Their extensive loan portfolio includes specialized programs for Texas properties, and they're known for exceptional customer service throughout the loan process. Their digital tools combined with local loan officer support make them a top choice for Industry homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Industry, TX
What are the typical down payment requirements for homes in Industry, TX, given its rural setting?
For most conventional loans in Industry, a minimum down payment of 5-10% is common, but the rural character of the area can open up USDA loans, which offer 0% down payment options for eligible borrowers and properties. It's important to work with a lender familiar with Austin County's specific USDA eligibility maps, as not all parcels may qualify. FHA loans with 3.5% down are also a popular choice for first-time buyers in the area.
Are there any local or county-specific first-time homebuyer assistance programs available in Industry?
While Industry itself does not have a city-run program, homebuyers should explore the Texas State Affordable Housing Corporation (TSAHC) programs, which offer down payment assistance and competitive mortgage rates statewide. Additionally, checking with local credit unions and lenders in nearby Brenham or Sealy may reveal specific grants or favorable loan products for Austin County residents, especially for those contributing to the local agricultural or small-business economy.
How does purchasing acreage or a property with agricultural use in Industry affect mortgage options?
Purchasing land beyond a standard residential lot significantly changes financing. Traditional mortgages may not cover properties with substantial acreage or income-producing agricultural assets. You'll likely need a specialized agricultural or rural land loan from a lender like Farm Credit Bank of Texas or a local bank familiar with the Brazos Valley region. These loans have different underwriting standards focused on the property's use and potential income.
What should I know about property taxes and insurance when calculating my mortgage payment in Industry?
Austin County property taxes are a key component of your monthly payment and can vary. It's crucial to get an accurate estimate from the Austin County Appraisal District, as rates for rural properties with acreage differ from town lots. Furthermore, due to the rural location, you may need to budget for a higher homeowners insurance premium, which often includes coverage for well and septic systems, and potentially flood insurance depending on the specific parcel's topography.
Given Industry's proximity to Brenham and Houston, do lenders consider it a commuter town, and how does that impact appraisals?
Lenders do recognize Industry's appeal to commuters seeking a rural lifestyle with access to Brenham, College Station, and even Houston. This can positively impact appraisals, as comparable sales may draw from a wider area. However, appraisers must still find the most similar properties, which can be challenging for unique rural homes. Using a local lender with appraisers experienced in Austin County's mixed market of farms, estates, and suburban-style homes is highly recommended to ensure a smooth valuation process.
Nearby Cities
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Why Choose a Mortgage Lender in Industry?
Local Market Knowledge
Lenders who understand Industry'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 Industry and get competitive rates on your home loan.