The Best Mortgage Lenders in Waxahachie, TX
Compare verified mortgage lenders serving Waxahachie, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Waxahachie
Featured Mortgage Lenders
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly-rated national lender with a strong presence in the DFW metroplex, serving Waxahachie residents with exceptional customer service. Known for its competitive rates and efficient processing, the company specializes in a wide range of loan products and has built a reputation for transparency and reliability. Their local team in Grapevine provides personalized service, making them a top choice for homebuyers in Ellis County.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with deep roots in Texas and a commitment to serving the Waxahachie area. With nearly three decades of experience, they offer competitive rates and a vast array of loan options, backed by excellent customer reviews highlighting their responsive service and expertise. Their Dallas office ensures local support for Ellis County clients, making them a trusted partner for mortgages.
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New American Funding
New American Funding
New American Funding stands out for its high customer satisfaction ratings and diverse loan programs, including specialized options for underserved communities. Serving Waxahachie from their Dallas location, they are praised for their competitive rates, knowledgeable staff, and streamlined application process. With over 20 years in business, they have a proven track record of helping Texans achieve homeownership with reliability and care.
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Frequently Asked Questions
Common questions about mortgage lending in Waxahachie, TX
Are there any down payment assistance programs specifically for first-time homebuyers in Waxahachie, TX?
Yes, Waxahachie and Ellis County homebuyers can access the Texas Department of Housing and Community Affairs (TDHCA) programs like the My First Texas Home and Texas Mortgage Credit Certificate. These statewide programs offer competitive interest rates, down payment assistance, and a federal tax credit. It's also wise to check with local lenders about any city-specific or community initiatives that may occasionally be available.
How does Waxahachie's rapid growth and proximity to Dallas affect mortgage lending and home values?
Waxahachie's status as a fast-growing suburb within the Dallas-Fort Worth metroplex generally leads to strong property value appreciation, which lenders view favorably. This growth can mean more competitive bidding situations, so securing a solid mortgage pre-approval from a local lender who understands the market is crucial. It also means appraisals need to carefully consider the pace of rising comparable sales in specific neighborhoods.
What are typical property tax rates in Waxahachie, and how do they impact my mortgage qualification?
Ellis County property taxes are a significant factor, with combined rates (city, county, school district) often ranging from 2.3% to 2.8% of the home's appraised value. This is higher than the national average and directly impacts your debt-to-income ratio (DTI) during qualification, as lenders include the estimated monthly tax escrow payment. It's essential to budget for this when determining how much house you can afford in Waxahachie.
Are USDA rural development loans available for homes in Waxahachie, TX?
While much of Waxahachie's core is not eligible, certain outlying areas and neighborhoods on the city's fringes may still qualify for USDA loans, which offer 100% financing. The USDA eligibility map is very specific, so you must check the current address with a lender. This can be an excellent opportunity for eligible buyers looking in developing subdivisions on the perimeter of the city.
Does Waxahachie's historic downtown district present any unique challenges for getting a mortgage?
Purchasing a home in the historic district may involve special considerations. If the property is designated as historic or is an older home requiring renovations, you might need a renovation loan like the FHA 203(k). Standard appraisals must also account for the unique characteristics and potential restrictions of historic properties, so working with a lender experienced in such transactions is highly recommended.
Why Choose a Mortgage Lender in Waxahachie?
Local Market Knowledge
Lenders who understand Waxahachie'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 Waxahachie and get competitive rates on your home loan.