The Best Mortgage Lenders in Ore City, TX
Compare verified mortgage lenders serving Ore City, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ore City
Featured Mortgage Lenders
Guild Mortgage - Longview Branch
Guild Mortgage Company
Guild Mortgage's Longview branch serves the Ore City area with exceptional customer satisfaction ratings and extensive experience in East Texas home financing. As a direct lender with in-house underwriting, they offer personalized service and competitive rates for various loan programs including specialized options for veterans and rural homebuyers. Their local team understands the unique East Texas market and provides streamlined processing with quick turnaround times.
Loan Types:
Southside Bank Mortgage Division
Southside Bank
Southside Bank has been a trusted East Texas financial institution for decades, offering comprehensive mortgage services throughout the region including Ore City. Their mortgage division provides competitive local lending with personalized service and deep community roots. Customers praise their responsive communication, transparent process, and expertise in both purchase and construction financing options tailored to East Texas properties.
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PrimeLending Tyler
PrimeLending, A PlainsCapital Company
PrimeLending's Tyler office serves the greater East Texas region including Ore City with a strong reputation for competitive rates and exceptional customer service. As a full-service mortgage lender, they offer a wide range of loan products with local decision-making authority. Their team receives consistent praise for making the mortgage process understandable and stress-free, with particular expertise in first-time homebuyer programs and veteran financing options.
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Frequently Asked Questions
Common questions about mortgage lending in Ore City, TX
What are the typical down payment requirements for homes in Ore City, Texas?
In Ore City, many homes are priced below the national average, making low down payment programs very accessible. You can often secure a conventional loan with just 3% down or an FHA loan with 3.5% down. For eligible buyers, USDA loans offer 0% down, which can be a great fit for this rural area.
Are there any local or county-specific first-time homebuyer assistance programs in Ore City?
While Ore City itself does not have a city-run program, as part of Upshur County, Texas, buyers should explore the Texas State Affordable Housing Corporation (TSAHC) programs. These offer down payment assistance grants and favorable mortgage rates for qualifying first-time buyers and essential workers, which can be combined with other loan types.
How does the rural nature of Ore City affect my mortgage options?
Ore City's rural designation opens up access to USDA Rural Development loans, which are a major advantage. These loans require no down payment and have competitive interest rates, but they do have income limits and require the home to be in an eligible area—which most of Ore City qualifies for.
What should I know about property taxes and insurance when calculating my mortgage payment in Ore City?
Upshur County property taxes are a significant component of your monthly payment, with rates typically around 1.7-2.0% of the home's assessed value. Additionally, due to the heavily wooded area, lenders will require comprehensive homeowners insurance that includes wildfire coverage, which can influence your escrow calculations.
Is it difficult to get a mortgage for a manufactured home in Ore City?
Financing for manufactured homes is common in Ore City but has specific requirements. The home must be permanently affixed to a foundation and titled as real estate. You'll typically use an FHA, VA, or USDA loan, and the home must meet HUD's Manufactured Home Construction and Safety Standards. Working with a local lender familiar with these transactions is key.
Why Choose a Mortgage Lender in Ore City?
Local Market Knowledge
Lenders who understand Ore City'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 Ore City and get competitive rates on your home loan.