The Best Mortgage Lenders in Wills Point, TX
Compare verified mortgage lenders serving Wills Point, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Wills Point
Featured Mortgage Lenders
Justin P. Morgan
PrimeLending
PrimeLending is a national mortgage lender with strong Texas presence, and Justin Morgan's team consistently receives exceptional reviews for their personalized service and expertise in rural and suburban Texas markets including Wills Point. They specialize in first-time homebuyer programs, VA loans popular in Texas, and offer competitive rates with local underwriting support. Their deep understanding of East Texas real estate markets and commitment to streamlined closing processes makes them a top choice for Wills Point residents.
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Lisa Peters
Guild Mortgage
Guild Mortgage has served Texas communities for decades, and Lisa Peters' team is particularly noted for their expertise in serving smaller communities like Wills Point while maintaining the resources of a national lender. They offer unique renovation loan programs ideal for older homes common in the area and provide exceptional customer service with bilingual support. Their local processing and underwriting teams ensure smooth transactions for rural properties.
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Tyler S. Harris
Supreme Lending
Supreme Lending, founded in Texas, has built a strong reputation for serving communities throughout the Dallas-Fort Worth metroplex and surrounding rural areas including Wills Point. Tyler Harris specializes in construction and renovation loans, which are particularly valuable in growing communities, and offers competitive conventional loan programs. Their Texas-based operations and understanding of local market conditions make them a reliable choice for Van Zandt County homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Wills Point, TX
What are the current mortgage rates like in Wills Point, TX, and how do they compare to the national average?
Mortgage rates in Wills Point are generally aligned with national averages, but local lenders may offer competitive terms. As a smaller community, rates can sometimes be slightly higher due to a smaller pool of lenders, but shopping around with both local credit unions like Southside Bank and national lenders is key. Factors like your credit score and loan type will have a more significant impact on your specific rate.
Are there any down payment assistance programs specifically for buyers in Wills Point or Van Zandt County?
Yes, homebuyers in Wills Point can access statewide Texas programs like the Texas Department of Housing and Community Affairs (TDHCA) My First Texas Home and Texas Mortgage Credit Certificate programs. These programs offer competitive interest rates, down payment assistance, and federal tax credits for qualifying first-time and repeat buyers, with income and purchase price limits specific to Van Zandt County.
How does the appraisal process work in Wills Point given its mix of rural properties and in-town homes?
Appraisals in Wills Point require appraisers familiar with the local market's diversity. For rural acreage properties, they must compare similar land parcels, which can be less frequent than suburban comps. For in-town homes, they use recent sales in Wills Point or nearby communities like Canton. This variability can sometimes lead to appraisal challenges, so working with a local lender who uses experienced appraisers is advantageous.
What should I know about property taxes and insurance when calculating my mortgage payment in Wills Point?
Van Zandt County property taxes are a significant component of your monthly payment, with rates typically higher than the national average. Additionally, due to Wills Point's location, homeowners insurance often includes coverage for wind/hail and may require a separate policy for flood insurance if outside the city's flood zones. Your lender will help you estimate these escrow costs accurately based on the specific property.
Are USDA Rural Development loans a viable option for homes in Wills Point, TX?
Absolutely. Much of the area surrounding Wills Point qualifies for USDA Rural Development loans, which offer 100% financing (no down payment) for eligible borrowers and properties. This is a popular and advantageous program for buyers looking at homes on the outskirts of town or in the more rural parts of Van Zandt County, making homeownership more accessible.
Why Choose a Mortgage Lender in Wills Point?
Local Market Knowledge
Lenders who understand Wills Point'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 Wills Point and get competitive rates on your home loan.