The Best Mortgage Lenders in Silver, TX
Compare verified mortgage lenders serving Silver, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Silver
Featured Mortgage Lenders
Chris Darnell
Supreme Lending
Supreme Lending is a highly-rated national mortgage company with strong Texas roots and extensive experience serving communities throughout North Texas, including smaller towns like Silver. With over two decades in business, they consistently receive exceptional reviews for their personalized service, competitive rates, and efficient loan processing. Their team specializes in helping both urban and rural homebuyers navigate various loan programs, making them an excellent choice for Silver residents seeking reliable mortgage services with a local touch.
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John R. Davis
Guild Mortgage
Guild Mortgage has established itself as a premier mortgage lender in Texas with a strong reputation for exceptional customer service and community involvement. While headquartered in California, their Texas operations have deep roots and they actively serve rural communities throughout the state. They offer specialized programs for rural properties and have expertise with USDA loans that can benefit Silver area homebuyers. Their long track record and high customer satisfaction ratings make them a trusted choice for mortgage financing.
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Mark H. Murphey
PrimeLending
PrimeLending is a nationwide mortgage lender with a significant presence in Texas and proven experience serving rural communities. They offer comprehensive mortgage solutions and have particular expertise with properties in areas like Silver, Texas. Their local loan officers understand the unique aspects of rural property financing and provide personalized guidance throughout the homebuying process. With competitive rates and a commitment to customer education, PrimeLending has built a strong reputation for making the mortgage process straightforward and transparent.
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Frequently Asked Questions
Common questions about mortgage lending in Silver, TX
What are the typical down payment requirements for homes in Silver, TX, given its rural setting?
In Silver, a rural unincorporated community, many properties may qualify for USDA Rural Development loans, which offer 100% financing with no down payment. For conventional loans, down payments typically start at 3-5%, but local lenders familiar with the area's property types can advise on the best options for the specific land and home characteristics common here.
Are there any local or county-specific first-time homebuyer assistance programs available in Medina County for purchasing in Silver?
While Silver itself doesn't have a city-run program, Medina County and the state of Texas offer resources. The Texas Department of Housing and Community Affairs (TDHCA) provides down payment assistance and favorable mortgage rates for eligible first-time buyers, which can be applied to homes in Silver. It's best to consult a mortgage lender who is an approved TDHCA lender.
How does the appraisal process work for a home in a rural area like Silver, TX, and can it affect my mortgage?
Appraisals in rural Silver can be more complex due to fewer comparable sales ("comps"). Lenders will use an appraiser familiar with the Medina County area, but the process may take slightly longer. Unique properties, like those on larger tracts of land, require appraisers with specific expertise, which is a key reason to work with a local lender.
What type of property insurance considerations are unique to getting a mortgage in Silver, TX?
Beyond standard homeowners insurance, lenders will require flood insurance if the property is in a designated flood zone, which is a consideration in parts of Medina County. Additionally, if the home is on a larger lot or has outbuildings, you may need specific coverage for detached structures, which your lender will factor into your total monthly obligation.
Are mortgage rates different in Silver, TX, compared to major Texas cities like San Antonio?
Mortgage rates are primarily set by national markets and your personal credit, not your specific town. However, working with a local lender or credit union based in Medina County may provide access to personalized service and potentially special portfolio loan products suited for rural properties that big-city banks might not offer.
Why Choose a Mortgage Lender in Silver?
Local Market Knowledge
Lenders who understand Silver'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 Silver and get competitive rates on your home loan.