The Best Mortgage Lenders in Stephenville, TX
Compare verified mortgage lenders serving Stephenville, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Stephenville
Featured Mortgage Lenders
CrossCountry Mortgage, LLC - Stephenville
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Stephenville branch is highly rated for its local expertise and personalized service. As a direct lender with in-house underwriting, they offer competitive rates and efficient processing. Their team specializes in rural property financing, which is particularly valuable in the Stephenville area, and they have strong relationships with local real estate professionals. The company maintains an A+ BBB rating and is known for transparent communication throughout the mortgage process.
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First Financial Bank
First Financial Bank, N.A.
First Financial Bank has deep roots in Texas communities including Stephenville, where they maintain a full-service branch. As a established regional bank, they offer the advantage of local decision-making combined with comprehensive banking services. Their mortgage team is praised for understanding the unique needs of Erath County residents, including agricultural and rural property financing. Customers appreciate their competitive rates, personalized service, and the convenience of having both mortgage and banking services in one location.
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Guild Mortgage Company - Granbury
Guild Mortgage Company
Guild Mortgage's Granbury office serves the Stephenville area with excellent reputation for government-backed loans, particularly VA and FHA programs. As a top-10 USDA lender nationally, they're well-equipped for Stephenville's rural housing needs. Their local loan officers have extensive knowledge of the North Texas market and are known for flexible underwriting and competitive rates. Guild maintains high customer satisfaction scores and offers a streamlined digital mortgage experience while maintaining personal service.
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Frequently Asked Questions
Common questions about mortgage lending in Stephenville, TX
What are the current mortgage rates like in Stephenville, TX, compared to the national average?
Mortgage rates in Stephenville typically align closely with national averages, but local lenders may offer competitive rates due to the community-focused banking environment. It's common to find rates slightly below the national average from regional banks and credit unions like First Financial Bank or TexasBank, which have a strong presence here. Always compare offers from both local and national lenders to secure the best deal.
Are there any down payment assistance programs specifically for Stephenville homebuyers?
Yes, Stephenville homebuyers can access the Texas State Affordable Housing Corporation (TSAHC) programs, which offer down payment assistance and competitive mortgage rates for qualifying individuals. Additionally, the city's participation in broader state programs means first-time buyers and those in targeted professions (teachers, firefighters, etc.) may find extra grants. Consulting with a local mortgage broker familiar with Erath County is the best way to navigate these options.
How does the appraisal process work in Stephenville given its mix of rural and college-town properties?
Appraisals in Stephenville require appraisers familiar with both the rural land values outside the city limits and the unique market dynamics influenced by Tarleton State University. Properties near campus may be evaluated for rental potential, while rural acreage will consider well and septic systems. Using a local lender who works with appraisers from the Stephenville area ensures a fair and accurate valuation.
What should I know about property taxes when getting a mortgage in Stephenville, TX?
Erath County property taxes are a significant component of your monthly mortgage payment, as Texas has no state income tax. Rates in Stephenville can vary, but they are generally competitive within the region. Your lender will help estimate these taxes and set up an escrow account, but it's wise to verify the exact tax rate with the Erath County Appraisal District, as agricultural exemptions can affect rural properties.
Are USDA loans a common and good option for buying a home in Stephenville?
USDA loans are an excellent option for many Stephenville homebuyers, as much of the surrounding area qualifies as "rural" under USDA guidelines, allowing for 100% financing. This is particularly advantageous for first-time buyers or those with limited savings for a down payment. A local mortgage lender can confirm if a specific property is eligible and guide you through this program's income and property requirements.
Nearby Cities
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Why Choose a Mortgage Lender in Stephenville?
Local Market Knowledge
Lenders who understand Stephenville'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 Stephenville and get competitive rates on your home loan.