The Best Mortgage Lenders in Leesburg, TX
Compare verified mortgage lenders serving Leesburg, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Leesburg
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with a strong presence in East Texas, including Leesburg. Known for competitive rates and exceptional customer service, they have numerous awards and high satisfaction ratings. Their local Tyler branch ensures personalized service for homebuyers in rural areas, with a reputation for quick closings and a wide range of loan options tailored to first-time and repeat buyers.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly-rated national lender with a dedicated Tyler office serving the Leesburg area. They excel in providing competitive rates and flexible loan programs, including options for diverse credit profiles. With a focus on community engagement and customer education, they have a track record of high satisfaction and efficient processing, making them a reliable choice for East Texas homeowners.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender with a strong regional presence in East Texas, including coverage for Leesburg. They are praised for their streamlined online process and local loan officer support, offering competitive rates and a commitment to fast closings. Their community-focused approach and high customer ratings make them a top choice for buyers seeking reliable and responsive mortgage services.
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Frequently Asked Questions
Common questions about mortgage lending in Leesburg, TX
What are the typical down payment requirements for homes in Leesburg, TX, given its rural market?
In Leesburg's more affordable rural market, many conventional loans can be secured with a 5% down payment, and FHA loans require as little as 3.5% down. For properties that may be classified as rural by USDA standards, eligible buyers could qualify for a USDA loan with 0% down payment, which is a significant advantage in this area.
Are there any local or county-specific first-time homebuyer assistance programs available in Leesburg?
While Leesburg itself does not have a city-run program, homebuyers should explore the Texas State Affordable Housing Corporation (TSAHC) programs, which offer down payment assistance and favorable mortgage rates statewide. Additionally, checking with local credit unions like Peoples Telephone Cooperative or Northeast Texas Credit Union may reveal special member programs for the area.
How does the appraisal process work for a manufactured or modular home in Leesburg, given they are common in the area?
Appraising manufactured homes in Leesburg requires an appraiser specifically certified for these property types. The home must be permanently affixed to a foundation and classified as real estate, not personal property. Lenders will often require a HUD Data Plate and Certification Label to ensure it meets federal construction standards.
What is the impact of Lake Cypress Springs on mortgage lending and insurance in Leesburg?
Properties in close proximity to Lake Cypress Springs may have higher property values but also carry additional insurance requirements. Lenders will mandate flood insurance if the home is in a designated FEMA flood zone, which can affect your total monthly payment. It's crucial to get a flood zone determination early in the process.
Are mortgage rates in Leesburg, TX, typically higher than in larger Texas cities due to its rural location?
Mortgage rates are generally standardized nationally and are not typically higher solely due to Leesburg's rural location. However, some smaller local lenders might have slightly different rates or fees. Your credit score and loan profile are far more significant rate determinants than the city itself.
Why Choose a Mortgage Lender in Leesburg?
Local Market Knowledge
Lenders who understand Leesburg'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 Leesburg and get competitive rates on your home loan.