The Best Mortgage Lenders in Shepherd, TX
Compare verified mortgage lenders serving Shepherd, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Shepherd
Featured Mortgage Lenders
John Smith (Example Loan Officer)
Guaranteed Rate
Guaranteed Rate is a nationally recognized mortgage lender with a strong presence in the Houston metropolitan area, serving Shepherd and surrounding East Texas communities. Known for its competitive rates, digital mortgage process, and high customer satisfaction, the company has consistently high ratings for its efficient service and wide range of loan products. With over two decades of experience, they offer personalized support and have a reputation for closing loans quickly, making them a top choice for homebuyers in the region.
Loan Types:
Maria Garcia (Example Loan Officer)
New American Funding
New American Funding is a highly rated mortgage lender that actively serves the Shepherd area through its Houston branch. They are praised for their diverse loan options, including programs for low-to-moderate income borrowers, and have a strong track record of community involvement and customer education. With over 20 years in business, they provide reliable, personable service and competitive rates, backed by numerous positive reviews highlighting their responsiveness and expertise in Texas mortgage markets.
Loan Types:
Robert Johnson (Example Loan Officer)
Movement Mortgage
Movement Mortgage is a reputable lender with a dedicated Houston office that extends services to Shepherd and nearby rural areas. They are known for their fast loan processing, local loan officer support, and commitment to customer satisfaction, often highlighted in reviews for their transparent communication and flexible loan terms. Founded in 2008, they have built a strong regional presence with a focus on making homeownership accessible, offering a variety of loan products tailored to East Texas residents.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Shepherd, TX
What are the typical down payment requirements for homes in Shepherd, TX, given its rural setting?
For most conventional loans in Shepherd, a 5-20% down payment is standard, but the area's more affordable home prices can make saving for this more attainable. Due to the rural designation, many properties may qualify for USDA loans, which offer 0% down payment options for eligible borrowers and income limits. It's important to have a lender verify if a specific property falls within a USDA-eligible zone.
Are there any special mortgage considerations for buying land or a property with acreage in Shepherd?
Yes, purchasing a property with significant acreage (often over 10 acres) or raw land in San Jacinto County can complicate financing. Many conventional loans have restrictions, so you may need to explore a rural land loan, a portfolio loan from a local bank, or an agricultural loan if you plan to farm. Lenders will closely appraise the value of the land separately from any dwelling.
What local or state programs can help first-time homebuyers in Shepherd?
First-time buyers in Shepherd should explore the Texas Department of Housing and Community Affairs (TDHCA) programs, like the Texas Homebuyer Program, which offers down payment assistance and competitive interest rates. Additionally, the USDA Single Family Housing Guaranteed Loan Program is highly relevant for the area and is not exclusively for first-time buyers, making it a powerful tool for many residents.
How do property taxes in San Jacinto County impact my mortgage payment and qualification?
San Jacinto County property taxes are a significant component of your monthly payment and can affect how much home you qualify for. While Texas has no state income tax, property tax rates are relatively high; the current rate is approximately 0.55% of the appraised value. Your lender will calculate these taxes into your debt-to-income ratio, so it's crucial to get an accurate estimate early in the process.
Is homeowner's flood insurance required for a mortgage in Shepherd, and how does it affect costs?
Given Shepherd's proximity to the Trinity River and its history of flooding, many properties are in FEMA-designated Special Flood Hazard Areas (SFHAs). If your desired home is in an SFHA, your lender will require flood insurance as a condition of the mortgage, which can add $500-$2,000 or more annually to your housing costs. Always check the FEMA flood map for a specific property before making an offer.
Why Choose a Mortgage Lender in Shepherd?
Local Market Knowledge
Lenders who understand Shepherd'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 Shepherd and get competitive rates on your home loan.