The Best Mortgage Lenders in Roby, TX
Compare verified mortgage lenders serving Roby, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Roby
Featured Mortgage Lenders
Abilene Teachers Federal Credit Union Mortgage Department
Abilene Teachers Federal Credit Union
Abilene Teachers FCU is one of the most highly-rated mortgage lenders serving the West Texas region, including Roby. With exceptional customer satisfaction ratings and deep community roots, they offer personalized service and competitive rates. Their mortgage specialists have extensive experience with rural properties and agricultural loans common in Fisher County. Members consistently praise their transparent process, local decision-making, and commitment to finding the right loan products for each borrower's unique situation.
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PrimeLending Abilene
PrimeLending
PrimeLending's Abilene branch has built an outstanding reputation for serving the rural communities surrounding Abilene, including Roby and Fisher County. They are particularly noted for their expertise in USDA rural development loans, which are highly relevant for Roby area homebuyers. Customers consistently highlight their responsive communication, efficient processing, and ability to secure competitive rates. Their local loan officers understand the unique aspects of West Texas real estate and provide personalized guidance throughout the mortgage process.
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Guild Mortgage - Abilene Branch
Guild Mortgage Company
Guild Mortgage's Abilene location has established itself as a trusted mortgage provider for the West Texas region, including service to Roby residents. They are particularly strong in government-backed loans and first-time homebuyer programs, with specialists who understand the rural housing market. Their reputation for reliable service, competitive pricing, and local expertise makes them a top choice for Fisher County homebuyers. Customers frequently mention their educational approach and willingness to work through complex financing situations.
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Frequently Asked Questions
Common questions about mortgage lending in Roby, TX
What are the current mortgage rates like in Roby, TX, and how do they compare to state averages?
Mortgage rates in Roby are generally aligned with national and state averages, but local lenders may offer competitive terms due to the smaller market. As a rural community, rates can sometimes be slightly higher than in major Texas metros due to different risk assessments, but shopping with local credit unions like First National Bank of Fisher County or regional banks can yield favorable terms. It's always wise to get multiple quotes.
Are there any down payment assistance or first-time homebuyer programs specifically for Roby residents?
Yes, Roby homebuyers can access statewide programs like the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home program, which offers competitive interest rates and down payment assistance. Additionally, the USDA Rural Development loan is a key program for Roby, as the entire area is eligible for 100% financing with no down payment, making homeownership very accessible in this qualified rural location.
How does the appraisal process work in Roby's rural market, where comparable home sales can be limited?
Appraisals in Roby can be challenging due to fewer recent sales. Lenders often use appraisers familiar with Fisher County who may need to expand the geographic range or time frame to find suitable comparables. Unique property features, like acreage or agricultural outbuildings common in the area, require specialized valuation knowledge, so using a lender with local experience is crucial for a smooth process.
What types of properties in Roby might qualify for a USDA Rural Development loan?
Most properties within the Roby city limits and the surrounding Fisher County area qualify for USDA loans, as the entire region is designated rural. This includes single-family homes on modest lots. However, the home must be the borrower's primary residence and meet USDA's modest size and condition standards. Working with a lender experienced in these loans is essential to navigate the property eligibility and inspection requirements.
Are there any local property tax considerations or exemptions in Roby that affect my mortgage payment?
Yes, property taxes in Fisher County are a significant part of your monthly escrow payment. Texas offers a Homestead Exemption that reduces your taxable value, which you must apply for with the Fisher County Appraisal District. Furthermore, Roby homeowners may qualify for additional exemptions, such as those for seniors or disabled persons, which can lower your annual tax burden and, consequently, your monthly mortgage payment.
Why Choose a Mortgage Lender in Roby?
Local Market Knowledge
Lenders who understand Roby'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 Roby and get competitive rates on your home loan.