The Best Mortgage Lenders in Paris, TX
Compare verified mortgage lenders serving Paris, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Paris
Featured Mortgage Lenders
Paris Federal Credit Union
Paris Federal Credit Union
Paris Federal Credit Union stands as the premier local mortgage lender in Paris, Texas, with deep community roots spanning over seven decades. As a member-owned financial cooperative, they consistently earn exceptional customer satisfaction ratings for their personalized service and competitive mortgage rates. Their mortgage specialists live and work in the Paris community, providing tailored guidance through every step of the home financing process. They excel at helping first-time homebuyers navigate various loan programs while offering comprehensive refinancing options for existing homeowners.
Loan Types:
Southside Bank Mortgage
Southside Bank
Southside Bank brings substantial regional banking expertise to Paris with their comprehensive mortgage lending services. As an established Texas-based community bank, they combine local decision-making with the resources of a larger institution. Their mortgage team receives consistent praise for responsive communication and streamlined loan processes. Southside Bank maintains strong relationships with local real estate professionals and offers specialized construction lending expertise, making them particularly valuable for buyers building new homes in the Paris area.
Loan Types:
Guild Mortgage Company - Tyler Office
Guild Mortgage Company
Guild Mortgage Company, serving the Paris area through their nearby Tyler office, brings national lending power with local service excellence. As an award-winning mortgage lender with six decades of experience, they consistently rank among the top mortgage originators in Texas. Their Paris-area customers benefit from extensive loan program options, including specialized renovation loans and unique first-time buyer programs. Guild receives outstanding reviews for their educational approach to mortgage lending and their ability to close loans efficiently, even for borrowers with complex financial situations.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Paris, TX
Are there any first-time homebuyer assistance programs specific to Paris, TX?
Yes, the Texas Department of Housing and Community Affairs (TDHCA) offers statewide programs like the My First Texas Home program, which provides down payment assistance and competitive mortgage rates. Lamar County and the City of Paris may also have occasional local grants or soft-second loan programs for income-eligible buyers, so it's wise to check with local lenders and the Paris Economic Development Corporation for current offerings.
How do property taxes in Lamar County impact my mortgage payment in Paris?
Lamar County property taxes are a significant component of your monthly mortgage escrow payment, as Texas has no state income tax but higher-than-average property taxes. The current combined tax rate for the City of Paris and Lamar County is approximately 2.2-2.4% of the appraised value annually. Your lender will calculate this into your monthly payment, so budgeting for this expense is crucial when determining how much house you can afford in the area.
What is a typical down payment percentage for a conventional loan on a home in Paris, given the local market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many local lenders in Paris work with buyers who put down as little as 3-5% for conventional loans, especially given the area's relatively affordable home prices compared to major Texas metros. The specific percentage can depend on your credit profile and the property type, with rural properties on larger lots sometimes requiring a slightly higher down payment.
Are USDA rural development loans a viable option for homes in or near Paris, TX?
Absolutely. Much of Lamar County, including areas on the outskirts of Paris, is eligible for USDA loans, which offer 100% financing (no down payment) for qualified buyers and properties. This is a popular and practical option for many Paris homebuyers seeking to purchase in the more rural parts of the county, as it makes homeownership accessible with lower upfront costs.
How does the appraisal process work for older or historic homes in Paris, and does it affect financing?
Paris has many charming older homes, and appraisals for these properties require special attention. Lenders will mandate an appraisal that considers the home's condition, unique features, and comparable sales of similar vintage homes in the area. If the home is designated as a historic landmark, certain renovation restrictions may apply, which can affect loan options. It's essential to work with a lender and appraiser experienced with the local Paris housing stock to ensure a smooth process.
Why Choose a Mortgage Lender in Paris?
Local Market Knowledge
Lenders who understand Paris'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 Paris and get competitive rates on your home loan.