The Best Mortgage Lenders in Rice, TX
Compare verified mortgage lenders serving Rice, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Rice
Featured Mortgage Lenders
Lisa Barton
Benchmark Mortgage
Benchmark Mortgage is a highly-rated regional lender with strong presence in North Texas communities. Lisa Barton's team serves Rice and surrounding areas with exceptional customer service and competitive rates. They specialize in first-time homebuyer programs, veteran loans, and offer personalized guidance through the entire mortgage process. Their local expertise in Navarro County and commitment to community involvement makes them a top choice for Rice area homebuyers.
Loan Types:
Tyler Credit Union
Tyler Federal Credit Union
Tyler Federal Credit Union serves members throughout East Texas, including Rice residents. As a member-owned financial institution, they offer competitive mortgage rates and personalized service. Their mortgage specialists provide comprehensive guidance on various loan programs with lower fees than many traditional banks. With deep roots in the region and a commitment to community development, they're a trusted choice for Rice area home financing.
Loan Types:
Kevin Stufflebeam
Guild Mortgage
Guild Mortgage is a nationwide lender with strong Texas presence, and Kevin Stufflebeam's team consistently serves clients in the Rice area. They offer a wide range of mortgage products with competitive rates and exceptional customer service. Known for their efficient processing and local market knowledge, they provide personalized solutions for both purchase and refinance transactions. Their extensive experience with rural properties makes them particularly well-suited for the Rice community.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Rice, TX
What are the typical down payment requirements for homes in Rice, TX, given its rural setting?
While standard down payments of 3-5% are common for conventional loans, Rice's rural location may qualify buyers for USDA loans, which offer 0% down payment options. Many local lenders are experienced with these USDA-backed mortgages, which are widely available in the Rice area due to its population and income eligibility.
Are there any special mortgage programs for first-time homebuyers in Rice, Texas?
Yes, first-time homebuyers in Rice should explore the Texas Department of Housing and Community Affairs (TDHCA) programs like the My First Texas Home loan, which offers competitive interest rates and down payment assistance. Additionally, some local credit unions and community banks serving the Rice area may have their own first-time buyer incentives.
How do property taxes in Ellis County, where Rice is located, impact my mortgage payments?
Ellis County property taxes are a significant component of your monthly mortgage escrow payment, as rates are typically higher than the national average. It's crucial to factor this into your budget, as lenders will include estimated annual taxes (often 2.0% to 2.5% of the home's value) when calculating your debt-to-income ratio and total monthly payment.
What should I know about getting a mortgage for a property with land in Rice?
Financing a home on acreage in Rice requires careful lender selection, as not all lenders handle non-standard properties. You'll likely need a lender experienced in rural mortgages; they will often require a more detailed appraisal to assess the value of both the home and the land, which can affect loan-to-value calculations.
How does Rice's proximity to the Dallas-Fort Worth Metroplex influence mortgage rates and availability?
While national trends set the baseline, Rice's location within commuting distance to DFW means you have access to a wide network of metro-based lenders who often compete for business, potentially offering competitive rates. However, lenders will also consider the local Rice market's stability and appreciation trends, which have been positive due to this proximity.
Why Choose a Mortgage Lender in Rice?
Local Market Knowledge
Lenders who understand Rice'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 Rice and get competitive rates on your home loan.