The Best Mortgage Lenders in Sheppard AFB, TX
Compare verified mortgage lenders serving Sheppard AFB, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sheppard AFB
Featured Mortgage Lenders
Veterans United Home Loans
Veterans United Home Loans
Veterans United Home Loans is a top-rated mortgage lender specializing in VA loans, making it an ideal choice for military personnel at Sheppard AFB. With over two decades of experience, they are renowned for their exceptional customer service, high approval rates, and dedicated support for veterans and active-duty members. They offer a streamlined online process, competitive rates, and have consistently high customer satisfaction ratings, with numerous awards for their reliability and community involvement in military housing.
Loan Types:
Supreme Lending
Supreme Lending
Supreme Lending is a Texas-based mortgage company with a strong regional presence, serving Sheppard AFB and the Wichita Falls area. Founded in 1999, they are known for their personalized service, competitive rates, and expertise in various loan types, including VA and FHA loans. They have a reputation for fast closings and excellent customer support, with many positive reviews highlighting their responsiveness and local knowledge, making them a trusted choice for homebuyers in North Texas.
Loan Types:
Guaranteed Rate
Guaranteed Rate
Guaranteed Rate is a nationally recognized mortgage lender with a strong track record of serving customers in Texas, including those near Sheppard AFB. They are praised for their innovative online tools, competitive interest rates, and efficient application process. With over 20 years in business, they offer a wide range of loan options and have high customer satisfaction scores due to their transparency, speed, and dedicated support for military families and first-time homebuyers.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Sheppard AFB, TX
Are there specific mortgage programs or benefits for military personnel and veterans buying a home near Sheppard AFB?
Yes, active-duty, reserve, National Guard, and veteran homebuyers have excellent options. The VA loan is extremely popular here, offering 0% down payment, no private mortgage insurance (PMI), and competitive interest rates. Many local lenders in Wichita Falls are highly experienced with VA loans and the unique needs of military families, including potential Permanent Change of Station (PCS) considerations.
How does the relatively low cost of living in the Sheppard AFB/Wichita Falls area affect mortgage lending and affordability?
The affordable housing market is a significant advantage. Median home prices are well below state and national averages, meaning your mortgage loan amount and required down payment are often lower. This allows many service members and civilians to qualify for larger or nicer homes than they might elsewhere, and lenders may view debt-to-income ratios more favorably due to lower overall housing costs.
What should I know about property taxes in Wichita County when calculating my total monthly mortgage payment?
Property tax rates in Wichita County are a critical component of your payment. Texas has no state income tax but relies heavily on property taxes, which can be higher than the national average. Your lender will escrow for these taxes, and it's important to factor them in, as they can add a few hundred dollars to your monthly PITI (Principal, Interest, Taxes, Insurance) payment, even on an affordable home.
As a first-time homebuyer stationed at Sheppard, are there any Texas-specific or local down payment assistance programs I should explore?
First-time buyers should definitely look into the Texas Department of Housing and Community Affairs (TDHCA) programs. These include the My First Texas Home and Texas Mortgage Credit Certificate programs, which offer below-market interest rates, down payment assistance, and a federal tax credit. While not exclusive to Sheppard, they are widely used in the area and can be combined with VA or FHA loans for greater benefit.
How do lenders view the stability of income for military borrowers who might receive PCS orders from Sheppard AFB?
Lenders underwriting VA and conventional loans for active-duty personnel are accustomed to this. Your Basic Allowance for Housing (BAH) is counted as stable income for qualification. Furthermore, if you receive PCS orders, you have options like renting out the property, and your VA loan entitlement can be restored for a new purchase at your next duty station, provided the existing loan is assumed or paid off.
Nearby Cities
Explore mortgage lenders in cities near Sheppard AFB, TX
Why Choose a Mortgage Lender in Sheppard AFB?
Local Market Knowledge
Lenders who understand Sheppard AFB'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 Sheppard AFB and get competitive rates on your home loan.