The Best Mortgage Lenders in Marion, TX
Compare verified mortgage lenders serving Marion, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Marion
Featured Mortgage Lenders
Mortgage Specialist Team
Broadway Bank Mortgage
Broadway Bank has been serving South Texas communities for over 80 years and maintains a strong presence throughout the Marion area. Their mortgage team receives exceptional ratings for personalized service and local market expertise. As a community-focused bank with deep regional roots, they offer competitive rates and specialize in both purchase and refinance loans. Their long-standing reputation and commitment to the Central Texas region make them a top choice for Marion homebuyers seeking local underwriting decisions and relationship-based lending.
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Mortgage Services Department
Security Service Federal Credit Union
Security Service FCU is one of the largest credit unions in Texas with extensive experience serving the Marion and Greater San Antonio area. They consistently receive high marks for competitive rates, low fees, and exceptional member service. Their mortgage team specializes in first-time homebuyer programs and offers flexible underwriting standards. As a member-owned institution, they prioritize customer satisfaction over profit, resulting in numerous industry awards and high customer retention rates for mortgage services throughout Central Texas.
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Loan Officer Team
Texas Regional Bank
Texas Regional Bank has built a strong reputation throughout the Central Texas corridor, including dedicated service to Marion residents. Their mortgage division excels in construction lending and rural property financing, which is particularly valuable for the Marion market. With local decision-making and personalized service, they've earned consistent high ratings for responsiveness and expertise in Texas-specific lending scenarios. Their deep understanding of the local real estate market and commitment to community banking principles make them a trusted choice for Marion area home financing.
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Frequently Asked Questions
Common questions about mortgage lending in Marion, TX
What are the current mortgage rates like for homes in Marion, TX, and how do they compare to the state average?
Mortgage rates in Marion are generally aligned with the broader San Antonio MSA and Texas state averages, though they can be slightly influenced by the specific lender's footprint in Guadalupe County. As a smaller community, it's especially important for buyers to shop around with both local credit unions, like Randolph-Brooks Federal Credit Union, and national lenders to find the most competitive rate, as offerings can vary more than in a major metro.
Are there any down payment assistance programs specifically for buyers in Marion, TX?
Yes, Marion homebuyers have access to several Texas-wide programs that are highly relevant. The Texas Department of Housing and Community Affairs (TDHCA) offers the My First Texas Home program with below-market interest rates and down payment assistance for eligible first-time buyers. Additionally, the San Antonio Housing Trust's "Home Ownership Incentive Program" (HOIP) serves Guadalupe County, providing up to $10,000 in down payment and closing cost assistance.
How does Marion's location in a flood zone affect the mortgage process and costs?
Marion's proximity to the Guadalupe River means certain properties may be in a designated flood zone. This will require a separate flood insurance policy as a mandatory condition of your mortgage loan, which adds to your monthly housing cost. Your lender will order a Flood Zone Determination, and it's crucial to factor this insurance premium into your budget when considering homes in affected areas of town.
What should I know about property taxes in Marion when calculating my total mortgage payment?
Guadalupe County property taxes are a significant component of your monthly escrow payment. Marion's rates are typically higher than the national average, which is common in Texas due to the lack of state income tax. It's vital to get an accurate estimate of the annual taxes on your specific prospective home, as this can substantially impact your debt-to-income ratio and overall affordability.
As a first-time homebuyer in Marion, what type of loan is most common and suitable for the local market?
Conventional loans and FHA loans are both very common in Marion's market. For buyers with strong credit, a conventional loan is often preferred, especially for newer construction. FHA loans are popular with first-time buyers due to their lower down payment requirements (3.5%), which is helpful given the competitive entry-level market influenced by nearby San Antonio and New Braunfels. A local lender can advise on the best fit for Marion's specific inventory.
Why Choose a Mortgage Lender in Marion?
Local Market Knowledge
Lenders who understand Marion'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 Marion and get competitive rates on your home loan.