The Best Mortgage Lenders in Waskom, TX
Compare verified mortgage lenders serving Waskom, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Waskom
Featured Mortgage Lenders
David White
Supreme Lending
Supreme Lending is a highly-rated mortgage company with a strong presence in the East Texas and Northwest Louisiana region. With over 20 years serving the area, they specialize in providing personalized mortgage solutions for Waskom residents. Their Shreveport branch is conveniently located just 15 minutes from Waskom and offers comprehensive lending services including specialized VA loans, which is particularly valuable given Waskom's proximity to military installations. They maintain exceptional customer satisfaction ratings and are known for their competitive rates and efficient closing processes.
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Mortgage Department
OmniBank
OmniBank is a well-established community bank serving East Texas with a strong mortgage division that has been helping Waskom residents for over two decades. As a local Texas bank, they understand the specific needs of rural and small-town homeowners in the region. They offer personalized service with local decision-making authority, which often results in faster approvals and more flexible underwriting. Their construction loan expertise is particularly valuable for Waskom's growing residential market, and they maintain consistently high customer satisfaction ratings for their attentive service and competitive loan products.
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Mortgage Team
Community Bank of Texas
Community Bank of Texas has built a strong reputation throughout East Texas with specialized mortgage services tailored to communities like Waskom. They offer comprehensive lending programs including USDA rural development loans that are perfectly suited for Waskom's location. Their mortgage team has extensive experience with the unique property types and market conditions in rural East Texas. As a community-focused institution, they prioritize building long-term relationships and providing educational resources for first-time homebuyers. Their competitive rates and local underwriting expertise make them a top choice for Waskom area residents seeking mortgage financing.
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Frequently Asked Questions
Common questions about mortgage lending in Waskom, TX
What are the typical down payment requirements for homes in Waskom, TX, given its market?
For Waskom's relatively affordable market, many conventional loans require a 3-5% down payment. However, with median home prices lower than the national average, even a 20% down payment to avoid PMI is often a more attainable goal for local buyers. USDA loans, which require 0% down, are also a popular option as much of the area qualifies as rural.
Are there any special first-time homebuyer programs or grants available specifically for Waskom residents?
Yes, the Texas State Affordable Housing Corporation (TSAHC) offers down payment assistance grants and favorable mortgage rates for first-time buyers statewide, which Waskom residents can access. Additionally, it's wise to check with local credit unions and community banks, as they sometimes have special programs for buyers in Harrison County.
How does Waskom's location near the Louisiana border affect the mortgage process or property taxes?
Waskom is in Texas, so you'll benefit from the state's lack of personal income tax, but property tax rates in Harrison County are relatively high to compensate. This makes accurately estimating your total monthly payment (PITI) crucial, as the property tax portion can be significant. Your lender will use the local county tax rate for your calculations.
What type of property inspections or considerations are especially important for getting a mortgage on a home in Waskom?
Given the area's older housing stock and humid climate, a thorough inspection for foundation issues (due to expansive clay soils) and wood-destroying insects (like termites) is critical. Mortgage lenders will require a standard appraisal, but these specific inspections, while often not mandatory for the loan, are highly recommended to avoid costly repairs.
Are USDA Rural Development loans a common and good option for mortgages in Waskom, TX?
Absolutely. Waskom's designation as a rural area makes most homes eligible for USDA loans, which are extremely popular here. These loans offer 100% financing (no down payment), competitive interest rates, and more flexible credit guidelines, making homeownership accessible for many buyers in the community.
Why Choose a Mortgage Lender in Waskom?
Local Market Knowledge
Lenders who understand Waskom'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 Waskom and get competitive rates on your home loan.