The Best Mortgage Lenders in Strawn, TX
Compare verified mortgage lenders serving Strawn, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Strawn
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates. With over 27 years in business, they have a strong presence in Texas and serve Strawn through their Fort Worth branch. They are highly regarded for their wide range of loan options, including specialized programs for first-time homebuyers and veterans, and have consistently high customer satisfaction ratings due to their personalized approach and efficient processing.
Loan Types:
New American Funding
New American Funding
New American Funding is a highly reputable mortgage lender with a strong regional presence in Texas, including service to Strawn. Founded in 2003, they offer a diverse portfolio of loan products and are praised for their competitive rates and commitment to minority and underserved communities. Their 20 years of experience, coupled with high customer ratings, reflect their reliability and focus on making homeownership accessible through flexible solutions and dedicated support.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a robust local presence in Texas, serving Strawn through their Fort Worth office. Founded in 2008, they are known for their fast closing times, competitive rates, and exceptional customer service. With 15 years of experience, they have built a strong reputation for transparency and community involvement, offering a variety of loan types tailored to meet diverse needs, which contributes to their high customer satisfaction and review scores.
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Frequently Asked Questions
Common questions about mortgage lending in Strawn, TX
What are typical down payment requirements for homes in Strawn, TX, given the lower average home prices?
Due to Strawn's more affordable housing market, many buyers can utilize conventional loans with a 3% down payment or FHA loans with 3.5% down. For a home priced around $150,000, this translates to a down payment of $4,500-$5,250, making homeownership more accessible. Local lenders are familiar with appraising rural properties here to ensure loans meet guidelines.
Are there specific mortgage programs or grants for first-time homebuyers in Palo Pinto County that apply in Strawn?
Yes, the Texas Department of Housing and Community Affairs (TDHCA) offers first-time homebuyer programs like the Texas Homebuyer Program, which provides down payment assistance and competitive fixed-rate mortgages. These programs are available statewide, including in Strawn, and can be particularly helpful given the area's median income levels.
How does Strawn's rural location and smaller market affect mortgage interest rates compared to larger Texas cities?
Your interest rate is primarily based on your credit profile and national markets, not Strawn's size. However, some national lenders may have slightly higher rates or fees for properties they deem "remote," so it's advantageous to work with a local or regional Texas lender familiar with the area who may offer more competitive terms.
What should I know about getting a mortgage for land or a manufactured home in Strawn?
Financing for land or manufactured homes in rural areas like Strawn can be more complex. For land purchases, you'll typically need a larger down payment (20-50%). For manufactured homes, they must be permanently affixed to a foundation and titled as real property to qualify for an FHA, VA, or USDA loan, which are common here.
Is the USDA Rural Development Loan a good option for buying a home in Strawn, TX?
Absolutely. Strawn is in an eligible rural area as defined by the USDA. This program offers 100% financing (no down payment) for qualified buyers with moderate incomes, which can be an excellent fit for the community. It's a popular choice in the area for eligible borrowers looking to minimize upfront costs.
Why Choose a Mortgage Lender in Strawn?
Local Market Knowledge
Lenders who understand Strawn'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 Strawn and get competitive rates on your home loan.