The Best Mortgage Lenders in Princeton, TX
Compare verified mortgage lenders serving Princeton, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Princeton
Featured Mortgage Lenders
CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC
CrossCountry Mortgage has established itself as one of the top-rated mortgage lenders serving the Princeton area with exceptional customer satisfaction ratings. As a direct lender with nearly two decades of experience, they offer competitive rates and a wide variety of loan products. Their McKinney location provides convenient access for Princeton residents, and they're known for their personalized service, efficient processing, and expertise in both purchase and refinance transactions. The company maintains an A+ BBB rating and has built a strong reputation for helping borrowers navigate complex mortgage scenarios.
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Supreme Lending
Supreme Lending
Supreme Lending has been serving North Texas communities including Princeton for over two decades with exceptional mortgage services. Their McKinney branch is strategically located to serve Collin County residents with comprehensive loan programs and competitive rates. They're particularly noted for their construction and renovation loan expertise, which is valuable in Princeton's growing real estate market. With hundreds of positive reviews highlighting their responsive communication and smooth closing processes, Supreme Lending has built a strong local reputation for reliability and customer-focused service.
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Texans Credit Union
Texans Credit Union
As one of North Texas's most established financial institutions, Texans Credit Union provides exceptional mortgage services to Princeton residents with highly competitive rates and personalized member service. While headquartered in Richardson with branches throughout Collin County, they actively serve the Princeton community with both purchase and refinance options. Their not-for-profit structure often allows for lower fees and better terms than traditional banks. With nearly seven decades of experience serving Texas communities, they offer the stability and local knowledge that Princeton homebuyers value, along with the convenience of digital mortgage applications and local underwriting.
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Frequently Asked Questions
Common questions about mortgage lending in Princeton, TX
Are there any down payment assistance programs specifically for homebuyers in Princeton, TX?
Yes, the Texas Department of Housing and Community Affairs (TDHCA) offers statewide programs like the Texas Homebuyer Program, which provides down payment assistance and competitive mortgage rates. These programs are available to eligible buyers in Princeton, with specific income and purchase price limits that are adjusted for Collin County. It's also wise to check with local lenders who may have knowledge of city-specific or county-wide initiatives.
How does Princeton's rapid growth and new construction affect my mortgage options?
Princeton's significant new construction market means many buyers can utilize construction-to-permanent loans, which combine financing for building and the final mortgage into one package. Lenders in the area are very familiar with these loans. However, be aware that appraisals for new builds in a fast-growing area can be complex, as they rely on future comparable sales, which may impact your loan-to-value ratio.
What are typical property tax rates in Princeton, and how should I factor them into my mortgage payment?
Princeton's property tax rates are a significant consideration, as Collin County rates are generally higher than the national average. The combined rate from the city, county, and school district (Princeton ISD) typically falls between 2.3% and 2.5% of the home's appraised value. Your lender will calculate an estimated monthly escrow payment for these taxes, which can substantially increase your total monthly mortgage payment compared to the principal and interest alone.
As a first-time homebuyer in Princeton, what local market challenges should I prepare for?
The Princeton market is competitive, with steady demand driven by its growth and proximity to major employment centers. First-time buyers should be prepared for potential bidding wars, especially on well-priced homes. Getting pre-approved with a reputable local lender is crucial to make your offer strong. Also, be mindful of the fast-rising home values, which can affect your down payment needs and PMI requirements.
Are USDA rural development loans available for homes in Princeton, TX?
Yes, despite its growth, much of Princeton still qualifies for USDA Rural Development loans, which offer 100% financing with no down payment. The USDA eligibility map for Collin County includes Princeton, making this an excellent option for eligible buyers with moderate incomes looking to purchase in designated areas. You must confirm the specific property address is eligible through the USDA website or with a knowledgeable local loan officer.
Why Choose a Mortgage Lender in Princeton?
Local Market Knowledge
Lenders who understand Princeton'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 Princeton and get competitive rates on your home loan.