The Best Mortgage Lenders in Loving, TX
Compare verified mortgage lenders serving Loving, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Loving
Featured Mortgage Lenders
Josh Sosebee
Supreme Lending
Supreme Lending is a highly-rated national mortgage company with a strong local presence in North Texas. Josh Sosebee's Wichita Falls branch consistently receives excellent reviews for personalized service and expertise in rural property financing, making them well-equipped to serve Loving residents. With over 20 years in business, they offer competitive rates and specialize in both purchase and refinance loans, including USDA loans that are particularly relevant for rural areas like Loving.
Loan Types:
Ryan Grant
First United Bank Mortgage
First United Bank is a well-established regional bank with deep roots in North Texas and strong community presence. Their mortgage division, led by experienced professionals like Ryan Grant, receives consistently high marks for customer service and local market knowledge. They offer specialized construction and lot loan programs that are valuable for rural properties in areas like Loving, and their long-standing community commitment ensures personalized, reliable service.
Loan Types:
Mortgage Department
Texoma Community Credit Union
Texoma Community Credit Union has served the North Texas region for decades and is highly rated for mortgage lending services. They offer competitive rates and personalized service to members throughout the area, including Loving. Their expertise in USDA and rural housing loans makes them particularly suitable for Loving residents. As a member-owned financial institution, they prioritize customer satisfaction over profit, resulting in excellent service reviews and strong community trust.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Loving, TX
What are the typical mortgage rates for homes in Loving, TX, and how do they compare to the national average?
Mortgage rates in Loving, TX, are generally in line with national averages, but can be slightly influenced by the rural nature of Clay County. Due to the lower population density and property values, some lenders may have slightly different risk assessments. It's best to compare rates from both local Texas lenders and larger national institutions to secure the most competitive offer for your specific financial profile.
Are there any Texas-specific or local first-time homebuyer programs accessible to residents of Loving?
Yes, as a Texas resident, you have access to the Texas Department of Housing and Community Affairs (TDHCA) programs, which offer competitive interest rates, down payment assistance, and mortgage credit certificates for eligible first-time buyers. While Loving itself doesn't have a city-specific program, these state programs are widely used in rural communities and can be facilitated by approved lenders throughout Texas, including those serving Clay County.
How does the appraisal process work for a home in a very small, rural town like Loving, and are there any unique challenges?
Appraisals in Loving can be challenging due to the limited number of recent, comparable home sales ("comps") in the immediate area. Appraisers often need to look at sales in nearby towns like Henrietta or Byers, which may require adjustments. This can sometimes affect the appraised value, so it's important to work with a lender experienced in rural properties who understands how to build a strong case for value.
What type of property insurance considerations should I be aware of when getting a mortgage in Loving, TX?
Given Loving's rural setting in North Texas, standard homeowners insurance is essential, but you should strongly consider additional coverage. Lenders will require insurance, and you may need a separate policy for wind/hail damage (common in the region) or even flood insurance if the property is in a designated flood zone, despite the generally arid climate. Insurance costs can be higher than in urban areas due to distance from fire stations.
Are USDA Rural Development loans a viable option for mortgages in Loving, Texas?
Absolutely. Loving is an ideal candidate for USDA loans, which offer 100% financing (no down payment) for eligible borrowers in designated rural areas. Given Loving's population and location, most properties will qualify. This is a highly advantageous program for buyers in the area, making homeownership more accessible, but income limits and property eligibility must be verified with a USDA-approved lender.
Why Choose a Mortgage Lender in Loving?
Local Market Knowledge
Lenders who understand Loving'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 Loving and get competitive rates on your home loan.