The Best Mortgage Lenders in Lavon, TX
Compare verified mortgage lenders serving Lavon, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lavon
Featured Mortgage Lenders
Supreme Lending
Supreme Lending
Supreme Lending is a highly-rated mortgage lender headquartered in Dallas with a strong presence in the Lavon area, known for its exceptional customer service and competitive rates. Founded in 1999, they have built a reputation for reliability and expertise in various loan types, including specialized programs for first-time homebuyers. With hundreds of positive reviews highlighting their responsive communication and smooth closing processes, they are a top choice for North Texas residents seeking personalized mortgage solutions.
Loan Types:
New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with a robust local office in Dallas that actively serves Lavon and surrounding communities. Established in 2003, they are praised for their diverse loan options and commitment to minority and underserved communities, earning high marks for customer satisfaction. Their team provides tailored advice and competitive rates, backed by a track record of thousands of successful closings and strong online reviews emphasizing transparency and efficiency.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a well-established lender with a significant footprint in the Dallas-Fort Worth region, including Lavon, offering a wide array of mortgage products with a focus on flexibility and customer care. Founded in 2003, they have garnered strong reviews for their knowledgeable loan officers and streamlined application process. Their local presence ensures personalized service for homebuyers, with expertise in everything from first-time purchases to complex jumbo loans, making them a reliable option in the competitive Texas market.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Lavon, TX
Are there any down payment assistance programs specifically for homebuyers in Lavon, Texas?
Yes, Lavon homebuyers can access statewide programs like the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program, which offers down payment assistance and competitive interest rates. Additionally, some local lenders may offer special programs for the Collin County area, including Lavon, which can be combined with these state resources to make homeownership more accessible.
How does Lavon's rapid growth and new construction impact my mortgage options?
Lavon's significant new construction, particularly in master-planned communities, often means builders have preferred lenders offering incentives like closing cost credits. However, you are not obligated to use the builder's lender. It's wise to get an independent pre-approval to compare rates and terms, as you may find more favorable options, especially for conventional loans on these newer properties.
What are typical property taxes in Lavon, and how do they affect my mortgage payment?
Property taxes in Lavon (Collin County) are relatively high, typically ranging from 2.3% to 2.7% of the home's appraised value. This significantly impacts your total monthly mortgage payment, as lenders will escrow for taxes. When calculating affordability, factor in this tax rate, as a $350,000 home could have annual taxes of $8,000-$9,500, adding $700+ to your monthly payment.
As a first-time homebuyer in Lavon, what local factors should I consider when getting pre-approved?
Beyond standard credit and income checks, Lavon's competitive market requires a strong pre-approval letter to compete with other buyers. Work with a lender familiar with the North Texas market who can provide a quick underwriting turn-around. Also, discuss how MUD (Municipal Utility District) taxes, common in newer Lavon subdivisions, might affect your debt-to-income ratio, as they can be substantial.
Are USDA loans a viable option for mortgage lending in Lavon, Texas?
Yes, most of Lavon is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a major advantage for eligible buyers, as Lavon retains its USDA eligibility despite its growth. To qualify, you must meet income limits for Collin County and purchase a home in an eligible zone, which covers nearly the entire city, making it a popular choice for qualified buyers.
Why Choose a Mortgage Lender in Lavon?
Local Market Knowledge
Lenders who understand Lavon'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 Lavon and get competitive rates on your home loan.