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MortgageLenderNearMe
Waco, TX

The Best Mortgage Lenders in Waco, TX

Compare verified mortgage lenders serving Waco, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.8
Avg Rating
570+
Reviews
12
Loan Types

Available Loan Programs in Waco

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
First-time Homebuyer
ARM
Renovation
Construction-to-Permanent
Investment Properties

Featured Mortgage Lenders

1

Baylor Mortgage

Baylor Mortgage

★★★★☆
4.9/5

Baylor Mortgage stands out as Waco's premier local mortgage lender with deep community roots and exceptional customer satisfaction. As a locally owned and operated company, they specialize in personalized service and competitive rates specifically for Central Texas homebuyers. Their team of experienced loan officers provides comprehensive guidance through the entire mortgage process, with particular expertise in first-time homebuyer programs and construction loans. The company maintains a stellar 4.9-star rating across multiple review platforms, with customers consistently praising their responsiveness, transparency, and ability to close loans efficiently. Their local underwriting and decision-making process allows for faster approvals and more flexible solutions tailored to Waco's unique real estate market.

Experience:15 years
Reviews:175 customer reviews
4205 W Waco Dr, Waco, TX 76710

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstructionFirst-time Homebuyer
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2

PrimeLending Waco

PrimeLending

★★★★☆
4.8/5

PrimeLending's Waco branch has established itself as one of the most reliable mortgage providers in Central Texas, combining national resources with local expertise. With over a decade serving the Waco community, their team offers a comprehensive range of loan products including specialized programs for military families, first-time buyers, and renovation projects. The company is particularly noted for their competitive rates and efficient processing, with many customers highlighting their educational approach that helps borrowers understand every aspect of their mortgage. Their 4.8-star rating reflects consistent excellence in customer service, with reviewers frequently mentioning the team's professionalism, attention to detail, and ability to handle complex financing scenarios with ease.

Experience:13 years
Reviews:210 customer reviews
6801 Sanger Ave Suite 140, Waco, TX 76710

Loan Types:

ConventionalFHAVAUSDAJumboARMRefinanceRenovationFirst-time Homebuyer
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3

Benchmark Mortgage Temple-Waco

Benchmark Mortgage

★★★★☆
4.7/5

While based in nearby Temple, Benchmark Mortgage serves the entire Central Texas region including Waco with exceptional mortgage services and has built a strong reputation for reliability and expertise. Their team specializes in construction and renovation loans, making them an excellent choice for custom home projects in the growing Waco market. With a 4.7-star rating across multiple platforms, customers consistently praise their knowledgeable staff, transparent communication, and ability to navigate complex loan scenarios. The company's local loan officers have deep understanding of Central Texas real estate trends and work closely with Waco-area real estate agents and builders. Their construction-to-permanent loan program is particularly noteworthy, providing seamless financing for clients building new homes in the Waco area.

Experience:12 years
Reviews:185 customer reviews
1905 SW HK Dodgen Loop, Temple, TX 76502

Loan Types:

ConventionalFHAVAUSDAConstruction-to-PermanentRenovationRefinanceInvestment Properties
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Frequently Asked Questions

Common questions about mortgage lending in Waco, TX

Are there any special first-time homebuyer programs available in Waco, Texas?

Yes, Waco homebuyers can access the Texas Department of Housing and Community Affairs (TDHCA) programs like the My First Texas Home loan, which offers competitive interest rates and down payment assistance. Additionally, the City of Waco itself occasionally offers grants for down payment and closing cost assistance to income-qualified buyers purchasing within city limits, so checking with local housing nonprofits is highly recommended.

How do property taxes in McLennan County impact my mortgage payments in Waco?

McLennan County property taxes are a significant component of your monthly mortgage escrow payment, as rates are relatively high compared to the national average (often around 2.0-2.3%). Lenders will calculate this into your debt-to-income ratio, so it's crucial to budget for this when determining how much house you can afford in Waco, not just the loan principal and interest.

What is a typical down payment needed for a home in Waco's current market?

While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Waco successfully purchase homes with down payments as low as 3% (conventional) or 3.5% (FHA). Given Waco's median home price, this allows for relatively accessible entry into the market, but a stronger down payment can help you compete in multiple-offer situations, which are common in popular neighborhoods.

Does Waco's growth from shows like "Fixer Upper" affect mortgage lending or appraisals?

Yes, the increased demand and rapid appreciation in certain historic districts like Sanger-Heights or Castle Heights can create appraisal challenges. An appraiser must use recent, comparable sales, and if prices are rising quickly, the appraisal might lag behind the contract price. Your lender will need to be experienced with these local market dynamics to help navigate a potential gap.

Are USDA loans a viable option for mortgages in Waco, Texas?

Absolutely. While much of central Waco is not eligible for USDA's zero-down-payment rural housing loans, many of the surrounding suburbs and communities in McLennan County (like Robinson, Bellmead, or Hewitt) do qualify. This can be an excellent program for eligible buyers looking in those areas to purchase a home with no down payment.

Mortgage Insights

Your Waco Homebuying Guide: Why "Mortgage Loan Officer Near Me" Matters More Than You Think

Searching for a "mortgage loan officer near me" in Waco, Texas, is about far more than just finding a convenient office location. It's about partnering with a local expert who understands the unique heartbeat of our housing market and can navigate the specific opportunities available right here in the Heart of Texas. As you embark on your journey to own a piece of Waco, from a cozy home in Sanger Heights to a newer build in Woodway, the right local mortgage professional is your most valuable ally.

The Waco market has its own rhythm. We've seen steady growth driven by economic development and cultural attractions, but prices remain more accessible than in many Texas metros. A local loan officer knows this landscape intimately. They can interpret what a listing price in North Waco truly means, understand appraisal trends in the Hewitt area, and advise on how the development around the Baylor campus might impact your long-term investment. They have relationships with local appraisers, title companies, and real estate agents, which can streamline your entire process, a crucial advantage in a competitive situation.

When you work with a Texas-based mortgage professional, you gain access to programs specifically designed for our state. One of the most significant is the Texas Veterans Land Board (VLB) loan program, which offers exceptional rates and terms to veterans, active military, and surviving spouses—a meaningful benefit for our many military families connected to Fort Hood and beyond. Additionally, a knowledgeable local officer can guide you through the specifics of Texas home equity laws and property tax nuances, ensuring there are no surprises at closing.

So, how do you turn that "near me" search into actionable success? First, look beyond a simple Google map result. Ask your Waco real estate agent for referrals—they work with loan officers daily and know who is reliable and responsive. Check reviews specifically mentioning the Waco area. When you interview potential officers, ask direct questions: "How many loans have you closed in McLennan County in the last year?" "Can you explain the property tax rate in this specific neighborhood?" "What local down payment assistance programs might I qualify for?" Their answers will reveal their local expertise.

Your mortgage is likely the largest financial commitment you'll make, and the terms will impact your life in Waco for years to come. Don't settle for a faceless online lender or a distant officer who can't tell you about the character of the Brookview area. Invest time in finding a true Waco mortgage partner. The right local loan officer won't just get you a loan; they'll help you craft a smart, sustainable path to homeownership right here in our community. Start your search with a focus on local knowledge, and you'll be sipping coffee in your new Waco kitchen before you know it.

Nearby Cities

Explore mortgage lenders in cities near Waco, TX

Why Choose a Mortgage Lender in Waco?

Local Market Knowledge

Lenders who understand Waco'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 Waco and get competitive rates on your home loan.