The Best Mortgage Lenders in Killeen, TX
Compare verified mortgage lenders serving Killeen, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Killeen
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a strong local presence in Central Texas, including service to Killeen. Founded in 1996, it has built a reputation for exceptional customer service, competitive rates, and a wide range of loan products. With high ratings on platforms like Zillow and BBB, Fairway is known for its efficient processing, personalized guidance, and community involvement. Their Temple branch conveniently serves the Killeen area, making them a preferred choice for homebuyers and refinancers seeking reliability and expertise.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly regarded national lender with a significant footprint in Texas, including service to Killeen from its Austin office. Founded in 2008, it emphasizes speed and transparency, offering competitive rates and a streamlined digital process. With strong customer satisfaction ratings and a focus on community support, Movement is praised for its responsive loan officers and expertise in VA loans, which is crucial for the military community near Fort Hood. Their commitment to fast closings and personalized service makes them a standout option.
Loan Types:
New American Funding
New American Funding
New American Funding is a reputable lender serving Killeen and across Texas, known for its diverse loan options and strong customer focus. Established in 2003, it has earned high marks for competitive rates, flexibility, and support for underserved communities, including first-time homebuyers. With a robust online platform and local loan officers, they provide personalized service and quick turnaround times. Their extensive experience and positive reviews highlight reliability and a commitment to helping clients achieve homeownership with tailored solutions.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Killeen, TX
Are there any special mortgage programs for military and veteran homebuyers in Killeen, TX?
Yes, due to Killeen's proximity to Fort Cavazos (formerly Fort Hood), many lenders are exceptionally well-versed in VA loans. Beyond the standard VA loan, some local lenders and credit unions offer specialized programs with reduced funding fees or down payment assistance specifically for active-duty, veterans, and their families. It's highly recommended to work with a lender experienced in military relocations.
How does Killeen's relatively affordable housing market affect mortgage lending and down payments?
Killeen's median home price is below the national average, which can make homeownership more accessible. This often means lower minimum down payments are required to purchase a home. For example, a conventional loan with 3% down or an FHA loan with 3.5% down can go further here, allowing buyers to qualify for a comfortable home with less upfront cash.
What are the most important factors for mortgage approval for buyers moving to Killeen for a military assignment?
Lenders in Killeen are accustomed to working with service members who may have unique financial profiles. They will focus heavily on your Basic Allowance for Housing (BAH) as stable income, your remaining service commitment, and your debt-to-income ratio. It's crucial to have your orders and a clear understanding of your BAH rate when applying, as this is a primary qualifying factor.
Are there any first-time homebuyer programs specific to the City of Killeen or Bell County?
While Texas offers statewide programs like the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program, there are no city-specific down payment assistance programs currently funded in Killeen. However, many local lenders actively help buyers access the TDHCA programs, which offer competitive interest rates and down payment assistance for eligible first-time buyers in Bell County.
How do property taxes in Bell County impact my mortgage payment in Killeen?
Bell County property taxes are a significant component of your monthly mortgage payment, as they are typically higher than the national average. Lenders will carefully calculate this into your debt-to-income ratio. It's essential to get an accurate estimate of annual taxes for your specific prospective home, as even a small difference in the tax rate or appraisal can noticeably change your monthly PITI (Principal, Interest, Taxes, Insurance) payment.
Nearby Cities
Explore mortgage lenders in cities near Killeen, TX
Why Choose a Mortgage Lender in Killeen?
Local Market Knowledge
Lenders who understand Killeen'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 Killeen and get competitive rates on your home loan.