The Best Mortgage Lenders in Sundown, TX
Compare verified mortgage lenders serving Sundown, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sundown
Featured Mortgage Lenders
Texas Capital Bank
Texas Capital Bank, N.A.
Texas Capital Bank is a highly-rated regional lender with a strong presence in West Texas, including service to Sundown. Founded in 1998, it has built a reputation for competitive mortgage rates, personalized customer service, and deep community involvement. With 26 years of experience, the bank offers a wide range of loan products and is known for its efficient processing and local decision-making, making it a top choice for homebuyers in the area. Their Lubbock branch provides convenient access for Sundown residents, and they consistently receive high marks for reliability and customer satisfaction.
Loan Types:
Prosperity Bank
Prosperity Bank
Prosperity Bank is a well-established regional bank founded in 1999, serving Sundown and the broader South Plains region with a focus on customer-centric mortgage solutions. With 25 years in business, it offers competitive rates and a variety of loan types, including specialized programs for first-time homebuyers. The bank is praised for its friendly, knowledgeable staff and streamlined application process, backed by strong local presence and community support. High customer ratings reflect its commitment to transparency and hassle-free home financing, making it a reliable option for Sundown residents.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage, founded in 2008, is a nationally recognized lender with a strong local presence in Lubbock, effectively serving Sundown homebuyers. Known for its innovative technology and fast closing times, Movement combines 16 years of experience with a customer-first approach, earning high ratings for responsiveness and competitive rates. They offer a comprehensive suite of loan options and are particularly noted for their community engagement and dedication to making the mortgage process simple and stress-free. Their extensive review count and consistent high scores highlight their reliability and excellence in customer service.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Sundown, TX
Are there any special mortgage programs for first-time homebuyers in Sundown, Texas?
Yes, the Texas Department of Housing and Community Affairs (TDHCA) offers the My First Texas Home program, which provides down payment assistance and competitive fixed-rate mortgages. This is particularly valuable in Sundown, where local incomes may be modest compared to larger Texas cities. A local lender can help you determine if you meet the income and purchase price limits for Hockley County.
How does Sundown's rural location and economy affect mortgage qualification and property appraisal?
Lenders may view Sundown's economy, which is heavily tied to agriculture and oil/gas, as having unique income stability risks, so consistent employment documentation is key. Appraisals can be more challenging due to fewer comparable home sales ("comps") in the immediate area, sometimes requiring appraisers to look at properties in nearby towns like Levelland, which can impact the final valuation.
What are typical down payment requirements for homes in Sundown, TX?
While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Sundown utilize FHA loans (3.5% down) or USDA Rural Development loans (0% down). Given Sundown's designation as a rural area, USDA loans are a popular and relevant option for eligible borrowers purchasing a primary residence here.
Are property taxes in Hockley County a significant factor in my mortgage payment calculation?
Absolutely. Hockley County property tax rates are a substantial component of your monthly escrow payment. While home prices in Sundown are relatively low, the county's tax rate is something your lender will carefully calculate to ensure your debt-to-income ratio (DTI) is still acceptable, as it significantly affects your total monthly housing cost.
Should I use a local Sundown lender or a national online lender for my mortgage?
For a market like Sundown, a local or regional lender (familiar with West Texas) is often advantageous. They have better knowledge of local property types, appraisal challenges, and can offer more personalized service. A local lender may also have stronger relationships with community banks and be more familiar with state-specific programs like TDHCA's.
Why Choose a Mortgage Lender in Sundown?
Local Market Knowledge
Lenders who understand Sundown'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 Sundown and get competitive rates on your home loan.