The Best Mortgage Lenders in London, TX
Compare verified mortgage lenders serving London, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in London
Featured Mortgage Lenders
CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a nationally recognized lender with a strong local presence in South Texas, serving the London area with comprehensive mortgage solutions. They maintain exceptional 4.8-star ratings across multiple platforms due to their personalized service, competitive rates, and extensive loan program options. Their Corpus Christi office specifically serves the rural communities around London, Texas, with expertise in both conventional and government-backed loans, making them particularly well-suited for the London market.
Loan Types:
SWBC Mortgage
SWBC Mortgage Corporation
SWBC Mortgage has been serving Texas communities for over four decades with a strong reputation for reliability and customer satisfaction. As a regional powerhouse with deep roots in South Texas, they specifically serve rural areas like London with specialized USDA and construction loan expertise. Their 4.7-star rating reflects consistent performance in closing loans efficiently while providing educational guidance to borrowers throughout the process, particularly valuable for first-time homebuyers in the London area.
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Broadway Bank
Broadway Bank
Broadway Bank is a well-established Texas-based financial institution with extensive experience serving South Texas communities, including the London area. With an 80-year history and 4.6-star customer rating, they offer the stability of a local bank combined with comprehensive mortgage services. Their expertise in construction and lot loans makes them particularly valuable for the developing London market, while their personalized service approach ensures borrowers receive individual attention throughout the mortgage process.
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Frequently Asked Questions
Common questions about mortgage lending in London, TX
What are typical down payment requirements for homes in London, TX, given its rural setting?
While standard loans often require 3-5% down, many homes in the London area are eligible for USDA Rural Development loans, which offer 0% down payment options. This is a significant advantage for buyers in this specific community, as most of the area qualifies under USDA guidelines. Local lenders are very familiar with this program and can guide you through the property eligibility process.
Are there any local or county-specific first-time homebuyer assistance programs available in London?
While London itself does not have a city-run program, Atascosa County, where London is located, may occasionally offer assistance. More reliably, Texas Statewide programs like the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program are accessible to London buyers. These provide competitive interest rates and down payment assistance for eligible first-time and repeat buyers meeting income and purchase price limits.
How does the appraisal process work for a manufactured or modular home in London, which are common in the area?
Appraising manufactured homes in London requires a specialist familiar with rural Texas properties. The home must be permanently affixed to a foundation and classified as real property, not personal property. Lenders will require a specific manufactured home appraisal report (1004C form), and not all lenders finance them, so it's crucial to work with a local mortgage broker experienced in this niche.
What should I know about property taxes and insurance when calculating my mortgage payment in London, TX?
Atascosa County property taxes are a key component of your monthly escrow payment, with rates typically around 1.8-2.2% of the appraised value. Furthermore, due to the rural location and wildfire risk in South Texas, homeowners insurance can be higher than in urban areas, and some lenders may require additional windstorm or flood insurance depending on the specific parcel. Always get detailed insurance quotes early in the process.
How do mortgage rates and lender options in London compare to those in nearby San Antonio?
While national rates are similar, London buyers often have fewer local brick-and-mortar lender branches, making online lenders and credit unions a common choice. However, working with a regional lender or mortgage broker based in South Texas can be advantageous, as they better understand the local land and well/septic systems that can affect loan approval, potentially streamlining the process compared to a large national bank unfamiliar with the area.
Why Choose a Mortgage Lender in London?
Local Market Knowledge
Lenders who understand London'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 London and get competitive rates on your home loan.