The Best Mortgage Lenders in San Antonio, TX
Compare verified mortgage lenders serving San Antonio, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in San Antonio
Featured Mortgage Lenders
RBFCU Mortgage Services
Randolph-Brooks Federal Credit Union
As one of Texas's largest credit unions with deep roots in San Antonio, RBFCU Mortgage Services consistently ranks among the top mortgage lenders in the region. They offer highly competitive rates to members, exceptional customer service with local loan officers who understand the San Antonio market, and a comprehensive range of loan products. Their long-standing community presence and member-focused approach have earned them numerous awards and high customer satisfaction ratings, making them a preferred choice for both first-time homebuyers and experienced investors throughout the San Antonio area.
Loan Types:
Legacy Mutual Mortgage
Legacy Mutual Mortgage
Legacy Mutual Mortgage has built an outstanding reputation as a San Antonio-based mortgage lender with deep local expertise. They specialize in providing personalized service with a team of experienced loan officers who have extensive knowledge of the San Antonio real estate market. The company is particularly noted for their competitive rates, efficient closing processes, and exceptional customer communication. Their strong focus on Texas homebuyers and extensive experience with various loan programs makes them a top choice for residents seeking reliable mortgage services with local decision-making authority.
Loan Types:
Guild Mortgage - San Antonio
Guild Mortgage Company
Guild Mortgage brings six decades of national experience with a strong local presence in San Antonio through their dedicated branch office. They are particularly renowned for their extensive down payment assistance programs and specialized loan options that benefit San Antonio's diverse homebuyer population. The local team provides personalized service while leveraging the resources of a major national lender, offering competitive rates and innovative mortgage solutions. Their commitment to community involvement and customer education, combined with their wide range of loan products, makes them a consistently top-rated choice for San Antonio homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in San Antonio, TX
Are there any special first-time homebuyer programs available in San Antonio?
Yes, the City of San Antonio offers the Homeownership Incentive Program (HIP), which provides down payment and closing cost assistance of up to 5% of the loan amount for eligible first-time buyers. This is a forgivable grant that can be paired with Texas State Affordable Housing Corporation (TSAHC) programs, which offer competitive rates and additional assistance for teachers, firefighters, and healthcare workers in the area.
How do property taxes in Bexar County affect my mortgage payment in San Antonio?
Bexar County property taxes are a significant component of your monthly mortgage payment, as Texas has no state income tax but higher-than-average property tax rates. Lenders will calculate your escrow payment based on the specific tax rate for your neighborhood, which can vary. It's crucial to budget for this, as taxes can add several hundred dollars to your monthly payment, even with a homestead exemption applied.
What is a typical down payment requirement for a conventional loan on a home in San Antonio's competitive market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many lenders in San Antonio offer conventional loans with as little as 3-5% down, especially for primary residences. Given the city's relatively affordable market compared to other major Texas cities, a lower down payment is often feasible, but a stronger offer in a competitive situation may require a higher down payment to stand out.
Does San Antonio's climate and soil affect the mortgage process?
Yes, due to the region's expansive clay soil, lenders will require a specific foundation inspection as part of the appraisal process for many homes. This is to identify potential foundation issues common in the area, which could affect the home's value and loan eligibility. Your mortgage lender will ensure this inspection is completed, as it's a standard local underwriting requirement.
Are VA loans commonly used by military families in San Antonio, and are there any local advantages?
Absolutely. With multiple major military bases, VA loans are extremely prevalent in San Antonio. Many local lenders and realtors are highly experienced with the VA process. An advantage is that Bexar County offers a partial property tax exemption for disabled veterans, which can significantly reduce the annual tax burden and, consequently, the monthly escrow payment calculated into your mortgage.
Why Choose a Mortgage Lender in San Antonio?
Local Market Knowledge
Lenders who understand San Antonio'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 San Antonio and get competitive rates on your home loan.