While there are many home buyers that choose to plunk down cash for their new home in Fredericksburg, quite often a buyer will opt to use the leverage of a loan to finance the purchase. And for some buyers, the only option available to afford a new home is to borrow the funds. Either way, acquiring a loan is a process with several steps and many considerations.
One of the first things to consider is where to obtain the loan. Mortgage companies and banks saturate the media with opportunities to take on debt. Which of these to choose is a challenge, but here is one option that may make sense to you; choosing a local lender.
Much of the real estate in Fredericksburg has unique characteristics. In fact, that is why many people choose to move here. However, this positive aspect of the 'Texas Hill Country' is not always appreciated or understood by large bureaucratized financial organizations. Property values in Fredericksburg are difficult to predict from house to house because of the many variables that contribute to an appraisal. Finding homes similiar enough to use for a Comparable Market Analysis is challenging at best. Whether a home is 'Historic', located near Main Street, has potential for remodeling or perhaps potential commercial use is not easily determined without close examination. Fredericksburg is a small town but there is great diversity in its real estate market.
Here are some local lenders you may wish to contact:
Arrowhead Bank - 502 S. Adams, Fredericksburg, TX - (830) 997-9300
MainStreets of Texas Mortgage - 104 S. Elk, Fredericksburg, TX - (830)9211
Capital Farm Credit Federal Land Bank Association - 1001 Sidney Baker, Kerrville, TX - (830)57-4444
First AG Credit FCS - 810 N. Milam, Fredericksburg, TX - (830) 992-2110
Security State Bank and Trust - 201 W. Main St., Fredericksburg, TX - (830) 997-7575
Most of these lenders offer very competitive rates and excellent customer service. They will give you service with a smile and a friendly welcome to Fredericksburg.
Please feel free to call me with any questions,
Sincerely,
Brett A. Bruster, MBA, e-PRO, SRES, ABR
Realtor Associate
CC Herber Co., Real Estate
145 E. Main St.
Fredericksburg, TX. 78624
Brett@brettbruster.com
(830)997-4323 Office
(830)997-8258 Home
(830)456-6243 Cell
For more information about Fredericksburg and real estate, visit our Frequently Asked Questions or Links page.
