The Best Mortgage Lenders in Plainview, TX
Compare verified mortgage lenders serving Plainview, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Plainview
Featured Mortgage Lenders
First United Bank Mortgage Team
First United Bank
First United Bank stands as Plainview's premier local mortgage lender with deep community roots and over a century of banking experience. Their mortgage team provides personalized service with competitive rates and extensive local market knowledge. As a community-focused institution, they offer comprehensive mortgage solutions including specialized agricultural and rural property financing tailored to the South Plains region. Their long-standing presence and exceptional customer satisfaction ratings make them the top choice for Plainview residents seeking reliable, local mortgage expertise.
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SouthStar Bank Mortgage Division
SouthStar Bank
SouthStar Bank has been serving the South Plains region for decades with a strong mortgage division that specifically serves Plainview and surrounding communities. They are highly rated for their competitive rates, streamlined application process, and exceptional customer service. Their mortgage specialists have extensive experience with West Texas property markets and offer specialized construction and agricultural lending programs. With multiple branches throughout the region, they provide convenient local service combined with the resources of an established regional banking institution.
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PrimeLending Lubbock Team
PrimeLending
PrimeLending's Lubbock branch consistently serves Plainview homebuyers with excellent mortgage services and national lending capabilities. They are particularly noted for their competitive government loan programs and efficient digital mortgage process. Their experienced loan officers have strong knowledge of the Plainview housing market and provide personalized guidance throughout the home financing journey. As a nationally recognized mortgage lender with strong local presence, they offer a wide array of loan products with the flexibility to meet diverse borrower needs across the South Plains region.
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Frequently Asked Questions
Common questions about mortgage lending in Plainview, TX
What are the current mortgage rates like in Plainview, TX, and how do they compare to the national average?
Mortgage rates in Plainview typically align closely with national averages, but local lenders may offer competitive rates due to the community-focused banking environment. As a smaller market, securing a pre-approval from a local credit union or community bank can sometimes yield favorable terms. It's always wise to compare offers from both local and national lenders operating in the area.
Are there any down payment assistance programs specifically for homebuyers in Plainview?
Yes, Plainview homebuyers can access the Texas State Affordable Housing Corporation (TSAHC) programs, which offer down payment assistance and competitive mortgage rates for qualifying individuals. Additionally, the City of Plainview may occasionally partner with local organizations to support housing initiatives, so checking with the Plainview Housing Authority or a local HUD-approved counselor is recommended for the most current opportunities.
How does the appraisal process work in Plainview given its rural market and agricultural influences?
Appraisals in Plainview must account for its unique blend of residential, agricultural, and rural properties. An appraiser familiar with the South Plains region will compare your property to similar homes in Plainview or nearby communities like Lubbock, considering factors like lot size and proximity to local amenities like Wayland Baptist University or the Plainview Country Club. This local expertise ensures a fair market value reflective of the area's specific conditions.
What should I know about property taxes and insurance when budgeting for a mortgage in Plainview?
Property taxes in Plainview (Hale County) are a significant part of your monthly payment, with rates set by multiple entities including the city, county, and school district. Homeowners insurance in this region of the Texas Panhandle should also account for potential wind/hail damage. Your lender will help you set up an escrow account to manage these payments, but it's crucial to budget for these costs upfront, as they directly impact your overall mortgage affordability.
As a first-time homebuyer in Plainview, what local lender resources should I consider?
First-time buyers in Plainview should connect with local lenders like Plainview National Bank or Happy State Bank, which often provide personalized guidance and may have special programs for educators, healthcare workers, or agricultural employees. Many also offer first-time homebuyer seminars that cover the entire process, from credit preparation to closing, tailored to the Plainview real estate market. Utilizing these local resources can simplify your path to homeownership.
Why Choose a Mortgage Lender in Plainview?
Local Market Knowledge
Lenders who understand Plainview'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 Plainview and get competitive rates on your home loan.