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Oglesby, TX

The Best Mortgage Lenders in Oglesby, TX

Compare verified mortgage lenders serving Oglesby, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
520+
Reviews
8
Loan Types

Available Loan Programs in Oglesby

Conventional
FHA
VA
USDA
Jumbo
Refinance
Reverse Mortgages
Construction Loans

Featured Mortgage Lenders

1

Movement Mortgage

Movement Mortgage, LLC

★★★★☆
4.8/5

Movement Mortgage is highly rated for its exceptional customer service and competitive rates, with a strong local presence in Central Texas. They specialize in a wide range of loan products and have a reputation for fast closings and personalized service. Their Waco office actively serves Oglesby and surrounding areas, backed by numerous positive reviews highlighting their reliability and community involvement.

Experience:16 years
Reviews:220 customer reviews
1105 Wooded Acres Dr, Waco, TX 76710

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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2

New American Funding

New American Funding, LLC

★★★★☆
4.7/5

New American Funding is a top-rated lender known for its diverse loan options and commitment to customer satisfaction. They have a strong track record in Texas, offering competitive rates and educational resources for borrowers. Their extensive experience and high review scores reflect their ability to serve Oglesby residents effectively, with a focus on inclusive lending and community support.

Experience:21 years
Reviews:180 customer reviews
14511 Myford Rd, Irvine, CA 92606 (National Headquarters; serves Oglesby via local Texas operations)

Loan Types:

ConventionalFHAVAUSDAJumboReverse Mortgages
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3

Texas Lending

Texas Lending, Inc.

★★★★☆
4.5/5

Texas Lending is a well-established mortgage company with a strong reputation across Texas, including service to Oglesby. They are praised for their transparent processes, competitive rates, and expertise in various loan types. With decades of experience and high customer ratings, they provide reliable financing solutions and personalized support, making them a trusted choice for homebuyers in the region.

Experience:25 years
Reviews:120 customer reviews
14800 Quorum Dr, Dallas, TX 75254

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction Loans
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Frequently Asked Questions

Common questions about mortgage lending in Oglesby, TX

What are typical down payment requirements for homes in Oglesby, TX, given its rural setting?

In Oglesby's more affordable market, many conventional loans can be secured with a 5% down payment, and FHA loans with 3.5% down are common. For eligible rural properties just outside the city limits, USDA loans offer 0% down payment options, which is a significant advantage for buyers in this area. Local lenders are very familiar with these programs due to the region's classification.

Are there any local or state mortgage assistance programs for first-time homebuyers in Oglesby?

Yes, Texas offers the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program, which provides down payment assistance and competitive mortgage rates for qualifying first-time buyers in Oglesby. Additionally, the city's location within Coryell County may provide access to specific community development grants, so consulting with a local mortgage broker familiar with Central Texas programs is key.

How does Oglesby's property tax rate impact my monthly mortgage payment?

Coryell County, where Oglesby is located, has property tax rates that are generally competitive within Texas, but Texas has no state income tax, so property taxes are a major component. Your lender will calculate an escrow payment based on the specific tax rate for your property, which significantly affects your total PITI (Principal, Interest, Taxes, Insurance) monthly payment, often adding several hundred dollars.

What type of property appraisal challenges might I face when getting a mortgage in a small town like Oglesby?

Appraisals in Oglesley can be challenging due to fewer recent comparable home sales ("comps") in the immediate area. Appraisers often need to look at sales in nearby towns like Gatesville or Evant, which can sometimes lead to valuation discrepancies. Using a lender with strong local connections who works with appraisers familiar with rural Central Texas markets is crucial for a smooth process.

Are construction or land loans common for mortgages in Oglesby, given the available acreage?

Yes, construction-to-permanent loans and land loans are quite common in the Oglesby area, as many buyers purchase larger lots or acreage to build on. Local lenders and regional banks have expertise in these more complex loan products, which are tailored for the rural landscape. It's important to have detailed plans and a vetted builder before applying.

Mortgage Insights

Finding Your Perfect Home Loan Partner in Oglesby, Texas

Searching for "home loan companies near me" is more than just finding a local office; it's about finding a financial partner who understands the unique heartbeat of the Oglesby community. As you dream of owning a piece of this peaceful Central Texas town, with its rolling hills and tight-knit feel, the right mortgage lender can make all the difference in turning that dream into a reality.

In a smaller market like Oglesby, the housing inventory often consists of charming single-family homes, historic properties, and larger rural lots. This diversity requires a lender who doesn't just offer a one-size-fits-all loan but has experience with properties that might not fit a standard suburban mold. A local or regional lender familiar with Coryell County appraisals and the nuances of well and septic systems, common in the area, can navigate these details more smoothly than a large, impersonal online entity. They understand the true value of land and character here.

Your first actionable step is to broaden your search beyond just physical proximity. While having a local branch in Gatesville or even Copperas Cove can be convenient for document drop-off, prioritize lenders who are licensed and actively work in Texas. Look for companies with strong reputations for customer service and local market knowledge. Ask potential lenders directly: "How many loans have you closed in Coryell County in the last year?" Their answer will tell you volumes about their local expertise.

Texas offers several fantastic programs that Oglesby homebuyers should explore. The Texas Department of Housing and Community Affairs (TDHCA) provides down payment assistance and competitive first-lien mortgages through its My First Texas Home and Texas Mortgage Credit Certificate programs. These can be game-changers, especially for teachers, veterans, or first-time buyers. A knowledgeable loan officer will guide you through these options to see if you qualify for grants or tax credits that make homeownership more affordable.

Here is your actionable plan: Start by asking for recommendations from your Oglesby neighbors or local real estate agents—they see which lenders close deals efficiently. Then, interview at least three loan officers. Ask each one not only about rates and fees but also about their experience with rural properties, their preferred appraisers in the region, and their familiarity with TDHCA programs. Compare their Good Faith Estimates line-by-line.

Finally, remember that in a town like Oglesby, your relationship with your lender matters. You want someone who answers the phone, explains the process in plain English, and is invested in helping you settle into the community. By choosing a home loan partner with genuine local insight, you're not just getting a mortgage; you're gaining an ally who understands what it means to buy a home in our special part of Texas.

Nearby Cities

Explore mortgage lenders in cities near Oglesby, TX

Why Choose a Mortgage Lender in Oglesby?

Local Market Knowledge

Lenders who understand Oglesby'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 Oglesby and get competitive rates on your home loan.