The Best Mortgage Lenders in Point, TX
Compare verified mortgage lenders serving Point, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Point
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated national lender with a strong presence in Texas, known for its competitive rates and exceptional customer service. They specialize in a wide range of loan products and have a reputation for quick closings and personalized service. Their local Dallas office actively serves the Point area, with loan officers experienced in rural and suburban Texas markets. Customers consistently praise their transparency, communication, and efficiency throughout the mortgage process.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with deep roots in Texas, including East Texas communities like Point. They are renowned for their competitive rates, extensive loan options, and commitment to customer satisfaction. With a branch in Tyler, they provide localized service and expertise in rural property financing. Their high review scores reflect consistent praise for responsive loan officers, smooth processes, and flexibility in meeting diverse borrower needs.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a strong Texas presence, offering competitive rates and a digital-first approach that simplifies the lending process. Their Dallas office serves the Point area with expertise in both urban and rural Texas markets. They are praised for their innovative technology, which provides real-time rate updates and easy application tracking, combined with personalized service from experienced loan advisors. High customer satisfaction stems from their efficiency, transparency, and wide array of loan products.
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Frequently Asked Questions
Common questions about mortgage lending in Point, TX
What are the current mortgage rates like in Point, TX, and how do they compare to state averages?
Mortgage rates in Point, TX, typically align closely with national and Texas state averages, as it's a smaller market. However, local lenders may offer competitive rates to attract business in the surrounding Hunt County area. It's always wise to compare offers from a local credit union, a regional bank, and online lenders to secure the best rate for your specific financial situation.
Are there any down payment assistance programs specifically for buyers in Point, TX?
Yes, homebuyers in Point may qualify for the Texas Department of Housing and Community Affairs (TDHCA) programs like My First Texas Home, which offers down payment assistance and competitive interest rates. Additionally, the Hunt County Housing Finance Corporation may have local bond programs offering first-time homebuyer mortgages with below-market rates and down payment/closing cost assistance for eligible buyers within the county.
How does the appraisal process work for Point's rural and semi-rural properties?
Appraising properties in and around Point can be challenging due to the mix of rural land and more standard suburban homes. Lenders often require appraisers familiar with Hunt County who can properly value land, well/septic systems, and comparable sales that may be farther apart. This can sometimes lead to longer appraisal times or the need for specialized appraisers compared to urban areas.
What should I know about property taxes and insurance when calculating my mortgage payment in Point?
Hunt County property taxes are a significant component of your monthly escrow payment. While rates vary, they are generally competitive within Texas. Furthermore, due to Point's location, lenders will require homeowners insurance that includes coverage for wind/hail, which is common in North Texas, and may recommend flood insurance depending on the specific property's flood zone designation.
As a first-time homebuyer in Point, what local lender options should I consider?
First-time buyers in Point should explore options with local institutions like Point Bank, which has deep community knowledge and may offer personalized service. Also, consider credit unions such as Texans Credit Union (serving the area) and regional banks with branches in nearby Greenville or Quinlan. These local lenders often have the most experience with the unique aspects of financing homes in Hunt County.
Why Choose a Mortgage Lender in Point?
Local Market Knowledge
Lenders who understand Point'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 Point and get competitive rates on your home loan.