The Best Mortgage Lenders in Krum, TX
Compare verified mortgage lenders serving Krum, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Krum
Featured Mortgage Lenders
Texas Republic Bank Mortgage
Texas Republic Bank
Texas Republic Bank is a highly-rated local community bank serving the Denton County area including Krum, known for their personalized mortgage services and competitive rates. They have built an exceptional reputation for customer satisfaction with their local underwriting team that provides quick decisions and personalized attention. As a community-focused institution, they understand the North Texas real estate market deeply and offer flexible loan programs with local servicing.
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TDECU Mortgage Services
Texas Dow Employees Credit Union
TDECU is one of Texas's largest credit unions with a strong presence in North Texas serving Krum residents. They offer competitive mortgage rates to members and have excellent customer satisfaction ratings. Their mortgage team provides comprehensive guidance through the entire home buying process, with special programs for first-time homebuyers and competitive conventional and government-backed loans. Their long-standing reputation and member-focused approach make them a top choice.
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Supreme Lending
Supreme Lending
Supreme Lending is a nationally recognized mortgage company with strong Texas roots and multiple offices serving the DFW metroplex including Krum. They consistently receive top ratings for their exceptional customer service, competitive rates, and efficient loan processing. With extensive experience in Texas real estate markets, they offer a wide variety of loan programs and have built a reputation for closing loans on time while providing superior communication throughout the mortgage process.
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Frequently Asked Questions
Common questions about mortgage lending in Krum, TX
What are the typical down payment requirements for homes in Krum, TX, and are there local programs to help?
In Krum, conventional loans typically require 5-20% down, but many local lenders are familiar with USDA Rural Development loans, which offer 0% down payment options for eligible properties and borrowers in this area. Additionally, the Texas Department of Housing and Community Affairs (TDHCA) offers down payment assistance programs for qualifying first-time homebuyers statewide, which can be a significant help given Krum's growing market.
How does Krum's location in the Dallas-Fort Worth metroplex affect mortgage rates and lender options?
While national rates set the baseline, Krum's proximity to DFW means you have access to a wide variety of both large national lenders and local community banks or credit unions, fostering competitive rates. However, lenders may consider Krum's rapid growth and demand when assessing property appraisals, which can sometimes impact loan-to-value calculations.
Are there specific first-time homebuyer programs or grants popular for Krum residents?
Yes, the TDHCA's My First Texas Home program is widely used, offering competitive interest rates and down payment assistance. Furthermore, the City of Krum itself does not currently run a unique program, but many local mortgage officers are experts in pairing buyers with the best state and federal programs, like FHA or VA loans, which are common in this veteran-friendly community.
What unique property or appraisal considerations should I be aware of when getting a mortgage in Krum?
Due to Krum's mix of newer subdivisions and more rural acreage properties, appraisals must carefully compare similar property types, which can sometimes be challenging in fast-growing areas. For homes on well and septic systems, which are common outside the city core, lenders will require specific inspections to ensure the property meets loan guidelines.
How do property taxes in Denton County impact the mortgage qualification process for a home in Krum?
Denton County property taxes are a significant factor in your total monthly payment. Lenders will calculate your debt-to-income ratio using the estimated monthly tax escrow, which can be higher than national averages. It's crucial to get an accurate tax estimate from your real estate agent or the county appraisal district to avoid qualification surprises.
Why Choose a Mortgage Lender in Krum?
Local Market Knowledge
Lenders who understand Krum'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 Krum and get competitive rates on your home loan.