The Best Mortgage Lenders in Kemp, TX
Compare verified mortgage lenders serving Kemp, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Kemp
Featured Mortgage Lenders
Mr. Cooper
Mr. Cooper Group Inc.
Mr. Cooper is a highly reputable mortgage lender headquartered in Texas, with over 30 years of experience serving homeowners across the state, including Kemp. They are known for their competitive rates, extensive loan options, and strong customer service, particularly in mortgage servicing and origination. With a solid track record and high customer satisfaction ratings, they offer both online and phone-based services, making them accessible for residents in smaller communities like Kemp. Their focus on technology and customer support has earned them positive reviews and a reliable presence in the mortgage industry.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong regional presence in North Texas, including service to Kemp. Founded in 1996, they have built a reputation for exceptional customer service, competitive rates, and a wide range of loan products. Their local branch in Rockwall ensures personalized attention for clients in Kaufman County, and they are praised for their efficient processing and community involvement. High review counts and consistent ratings reflect their reliability and commitment to helping homeowners achieve their goals.
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New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with a strong foothold in Texas, offering comprehensive services to Kemp and surrounding areas. Founded in 2003, they are celebrated for their diverse loan options, including programs for first-time homebuyers and underserved communities. Their Dallas office provides local support, and they are known for competitive rates, transparent processes, and high customer satisfaction. With numerous positive reviews, they have established themselves as a trustworthy choice for mortgages in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Kemp, TX
Are there any down payment assistance programs specifically for homebuyers in Kemp, TX?
Yes, homebuyers in Kemp can access statewide programs like the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home and Texas Mortgage Credit Certificate programs. These are particularly beneficial for first-time buyers and can be combined with certain USDA Rural Development loans, as Kaufman County (where Kemp is located) is eligible for USDA financing, which offers 100% financing with no down payment.
How does Kemp's location in Kaufman County affect my mortgage options?
Kemp's designation as a rural area by the USDA makes USDA loans a popular and attractive option, as they require no down payment for eligible borrowers. Additionally, properties in Kemp and Kaufman County may qualify for special appraisal considerations, and lenders familiar with the area will understand the local property types, including homes on larger lots or with septic systems, which can streamline the approval process.
What are typical property taxes like in Kemp, and how do they impact my mortgage payment?
Kaufman County, including Kemp, has property tax rates that are a significant component of your monthly payment. The combined rate can vary but often falls in the range of 2.0% to 2.5% of the home's appraised value. Your lender will carefully calculate this into your debt-to-income ratio, and it's crucial to budget for these taxes, as they are generally higher than the national average and directly affect your required monthly escrow payment.
As a first-time homebuyer in Kemp, what local resources or lenders should I consider?
It's advisable to work with lenders who have direct experience with Kaufman County's market and state programs. Local credit unions and community banks often have deep knowledge of the area. Additionally, you should consult with a HUD-approved housing counseling agency in the North Texas region, which can provide education on the TDHCA programs and guide you through the specific process of buying in a smaller, rural-adjacent community like Kemp.
Does Kemp's proximity to Dallas and the I-20 corridor influence home values and mortgage underwriting?
Absolutely. Kemp's commutable distance to the Dallas metro area (about an hour) supports property values and is viewed favorably by underwriters for loan stability. Appraisers will use comparable sales ("comps") not just from Kemp but also from nearby towns like Kaufman and Forney to justify value. This connectivity can make qualifying for a mortgage easier, as lenders see less risk in areas with stable demand from commuters.
Why Choose a Mortgage Lender in Kemp?
Local Market Knowledge
Lenders who understand Kemp'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 Kemp and get competitive rates on your home loan.