The Best Mortgage Lenders in Kerens, TX
Compare verified mortgage lenders serving Kerens, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Kerens
Featured Mortgage Lenders
First Union Lending
First Union Lending
First Union Lending is a highly-rated mortgage broker located in nearby Corsicana, just 15 minutes from Kerens. They specialize in serving rural communities throughout Navarro County and have built an exceptional reputation for personalized service and competitive rates. With over 15 years of experience, they offer comprehensive mortgage solutions including specialized rural development loans perfect for the Kerens area. Their 4.9-star rating across multiple review platforms reflects their commitment to customer satisfaction and local expertise in East Texas real estate markets.
Loan Types:
Happy State Bank Mortgage
Happy State Bank
Happy State Bank has been serving Texas communities for over a century and maintains a strong presence in rural Texas markets, including the Kerens area. While headquartered in Amarillo, they actively serve customers throughout East Texas with specialized knowledge of rural property financing. Their mortgage division receives consistently high marks for competitive rates, transparent processes, and exceptional customer service. With deep roots in Texas banking and extensive experience with agricultural and rural properties, they understand the unique needs of Kerens homebuyers.
Loan Types:
Supreme Lending
Supreme Lending
Supreme Lending is a nationally recognized mortgage company with strong Texas roots and extensive experience serving communities throughout the state, including rural areas like Kerens. Founded in Dallas, they have grown to become one of Texas' most respected mortgage lenders with a reputation for efficient processing and competitive loan products. Their expertise in USDA and rural development loans makes them particularly well-suited for Kerens homebuyers. With nearly three decades of experience and hundreds of positive reviews, they consistently deliver excellent service and flexible financing options for East Texas properties.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Kerens, TX
What are typical down payment requirements for homes in Kerens, TX, given the local market?
In Kerens, where median home prices are significantly below the national average, many conventional loans require a 5% down payment. For the area's more affordable homes, FHA loans with a 3.5% minimum down payment are very common. Some local lenders may also offer portfolio loans with flexible terms for properties in Navarro County.
Are there any down payment assistance programs specifically for Kerens or Navarro County homebuyers?
Yes, the Texas Department of Housing and Community Affairs (TDHCA) offers statewide programs like My First Texas Home, which are accessible to Kerens buyers. These provide below-market interest rates and down payment assistance in the form of a forgivable loan. Additionally, the USDA Rural Development loan is a popular zero-down option for eligible properties in and around Kerens.
How does Kerens being in a "rural" area affect my mortgage options?
Kerens's rural designation unlocks access to the USDA Single Family Housing Guaranteed Loan Program, a major advantage offering 100% financing with no down payment. This program is specifically designed for eligible rural areas like Kerens and can make homeownership much more accessible. It also often has competitive interest rates compared to conventional loans.
What should I know about property taxes and insurance when calculating my mortgage payment in Kerens?
Navarro County property taxes are a significant component of your monthly payment, typically ranging from 1.8% to 2.2% of the home's appraised value. Homeowners insurance in Kerens is generally affordable, but you should factor in potential for wind/hail coverage. Your lender will use precise local tax rates to calculate an accurate escrow payment.
Are local credit unions or community banks in Kerens a good option for a mortgage?
Absolutely. Local institutions like Prosperity Bank or other regional lenders often have deep knowledge of the Kerens and Navarro County real estate market. They may offer more personalized service and sometimes have more flexible underwriting for unique properties, such as homes on larger lots or with acreage, which are common in the area.
Why Choose a Mortgage Lender in Kerens?
Local Market Knowledge
Lenders who understand Kerens'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 Kerens and get competitive rates on your home loan.