The Best Mortgage Lenders in San Marcos, TX
Compare verified mortgage lenders serving San Marcos, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in San Marcos
Featured Mortgage Lenders
Chris Kauffman
Guaranteed Rate Affinity
Guaranteed Rate Affinity is one of Central Texas' highest-rated mortgage lenders with an exceptional reputation for customer service and competitive rates. While based in Austin, they actively serve the San Marcos market and surrounding Hays County. Chris Kauffman leads their local team with 15 years of mortgage experience and specializes in making the home buying process smooth and efficient. They offer a full range of loan products with particularly strong programs for first-time homebuyers and military families. Their digital mortgage platform provides transparency and faster closings, while maintaining personalized service throughout the process.
Loan Types:
RBFCU Mortgage Services
Randolph-Brooks Federal Credit Union
Randolph-Brooks Federal Credit Union has a strong physical presence in San Marcos with a local branch and mortgage team that serves the entire community. As one of Texas' largest credit unions with over 70 years of operation, they offer exceptional mortgage rates for members and non-members alike. Their mortgage specialists provide personalized service with local decision-making authority, allowing for faster approvals and closings. RBFCU is particularly known for their competitive conventional and VA loan programs, construction lending expertise, and outstanding customer satisfaction ratings across multiple review platforms.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage has built a strong reputation in the Central Texas market with local loan officers who specialize in the San Marcos and Hays County area. They offer a comprehensive range of mortgage products with particularly strong programs for first-time homebuyers and investment properties. Their local team provides personalized service with the backing of a national lender's resources and competitive pricing. Known for their educational approach and transparent communication, they guide borrowers through every step of the mortgage process while offering some of the most competitive rates in the region.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in San Marcos, TX
Are there any special down payment assistance programs for first-time homebuyers in San Marcos, Texas?
Yes, the Texas Department of Housing and Community Affairs (TDHCA) offers the My First Texas Home program, which is widely used in San Marcos. This program provides eligible first-time buyers with competitive interest rates, down payment assistance in the form of a forgivable loan, and mortgage credit certificates for tax savings. Additionally, local lenders often have knowledge of specific grants or programs tailored to the Hays County area.
How does being a college town affect the mortgage and housing market in San Marcos?
The presence of Texas State University creates a strong, consistent rental market, which can make investment property mortgages attractive. However, for primary residences, competition can be stiff from investors and seasonal faculty, potentially leading to quicker sales and multiple-offer situations. Lenders in San Marcos are very familiar with underwriting loans for university employees and navigating the unique ebb and flow of a college town's real estate cycle.
What are typical property tax rates in San Marcos, and how do they impact my mortgage payment?
Property tax rates in San Marcos and Hays County are relatively high compared to the national average, often ranging from 2.0% to 2.4% of the home's appraised value. This significantly impacts your total monthly mortgage payment, as lenders will escrow these taxes. It's crucial to factor this into your budget, as a higher tax burden can reduce the loan amount you qualify for compared to a city with lower rates.
Are USDA rural development loans available in San Marcos, TX, given its growth?
While central San Marcos is likely ineligible, certain outlying areas of Hays County and some newer developments on the city's fringes may still qualify for USDA loans, which offer 100% financing. A local mortgage lender can provide a precise USDA eligibility map for the area. This can be a valuable program for buyers looking at homes just outside the immediate city center.
How do I navigate the appraisal process in San Marcos's fast-moving market?
With rapid home price appreciation and competitive bidding, appraisals can sometimes lag behind sale prices. Using a lender with strong, local appraiser relationships is key. They can ensure the appraiser is fully informed of recent comparable sales in specific neighborhoods, from the historic district to newer subdivisions like Craddock, which helps support the contract value and avoid financing delays.
Why Choose a Mortgage Lender in San Marcos?
Local Market Knowledge
Lenders who understand San Marcos'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 Marcos and get competitive rates on your home loan.