Secure Your Texas Purchase Loan in 76939 Today

Introduction to Purchase Loans in 76939, Texas

The 76939 ZIP code, located in the scenic Tom Green County area near San Angelo, Texas, offers a blend of rural charm and accessible urban amenities, making it an ideal spot for homeownership. If you're considering buying a home here, understanding purchase loans in Tom Green County is essential. These loans provide the financing needed to turn your dream of owning property in this vibrant Texas region into reality.

At Summit Lending, we specialize in a wide array of purchase loans tailored to the unique needs of buyers in 76939. Our experienced mortgage brokers, with over 50 years of combined expertise, guide you through options like conventional loans, FHA loans with low down payments, VA loans for veterans offering zero down, and USDA loans for eligible rural properties in this area. We also support first-time homebuyers through programs like those from the Texas State Affordable Housing Corporation (TSAHC), ensuring you access down payment assistance and competitive rates.

Whether you're eyeing a cozy family home in Knickerbocker or a larger property in the broader Texas 76939 mortgage landscape, Summit Lending excels in securing the best financing solutions. Our team navigates local market dynamics, including steady population growth and affordable housing in San Angelo, to help you find the right fit. For personalized advice, explore our first-time home buyer resources or get started with pre-approval in 76939.

Ready to take the next step? Visit our loan calculator to estimate payments, or contact us via our contact page to connect with a loan officer today. Summit Lending is your trusted partner for seamless home buying in Texas.

Eligibility and Requirements for Home Purchase Loans

When applying for purchase loans in the 76939 ZIP code area of Texas, understanding the key qualifications is essential for a smooth home buying process. At Summit Lending, our experienced mortgage brokers guide residents through these requirements, ensuring compliance with both federal standards and Texas-specific regulations. Below, we outline the primary eligibility criteria, including credit score guidelines, income verification, down payment options, and local considerations for 76939 residents.

Credit Score Guidelines

A strong credit score is a cornerstone of loan approval. For conventional purchase loans, a minimum FICO score of 620 is typically required, though scores above 740 often secure better interest rates. FHA loans, popular among first-time buyers in Texas, accept scores as low as 580 with a 3.5% down payment, or 500-579 with 10% down. VA loans for eligible veterans require no minimum but recommend 620+, while USDA loans for rural areas near 76939 also start at 620. Our team at Summit Lending can help assess your score and explore options like first-time home buyer programs to improve eligibility.

Income Verification

Lenders verify income to ensure you can afford monthly payments, typically reviewing the last two years of tax returns, W-2s, pay stubs, and bank statements. Debt-to-income (DTI) ratios should generally stay below 43-50%, depending on the loan type—FHA allows up to 50%, while conventional caps at 45%. For self-employed borrowers in the 76939 area, profit and loss statements are crucial. Texas regulations emphasize stable income sources, and Summit Lending's brokers assist with documentation to meet these standards, especially for those in local industries like energy or agriculture.

Down Payment Options

Down payment amounts vary by loan program, making homeownership accessible in Texas. Conventional loans require 3-5% down for qualified buyers, FHA offers 3.5%, VA and USDA provide 0% down for eligible applicants. In 76939, Texas State Affordable Housing Corporation (TSAHC) programs can offer up to 5% down payment assistance as grants or forgivable loans for first-time buyers, subject to income limits (often 80-115% of area median income). Use our loan calculator to estimate payments and explore these options. Local programs in Tom Green County may provide additional aid—contact us for personalized guidance.

Texas-Specific Regulations for 76939 Residents

Texas has unique rules for mortgage loans in areas like 76939 (near San Angelo). The conforming loan limit is $766,550 for 2024, with FHA limits at $498,257. Homebuyers must complete education courses for certain assistance programs, and properties must meet Texas property standards, including flood zone disclosures if applicable. For pre-approval, we'll review Texas Department of Housing and Community Affairs (TDHCA) eligibility, ensuring compliance with state income and purchase price caps. Veterans can access the Texas Veterans Land Board program for low-interest loans. Summit Lending serves all Texas jurisdictions, including 76939, with over 50 years of combined expertise to navigate these requirements.

Ready to get started? Visit our contact us page or apply via our secure portal at https://summitlending.my1003app.com/300501 to upload documents and begin your journey toward homeownership in 76939.

Types of Purchase Loan Programs Offered

In the 76939 ZIP code area of Texas, near San Angelo in Tom Green County, Summit Lending provides a variety of purchase loan programs designed to help home buyers navigate the local real estate market. With affordable housing options and steady population growth, this region offers opportunities for first-time buyers, veterans, and rural property seekers. Our experienced loan officers can guide you through these options to find the best fit for your needs. Below, we outline key programs: conventional, FHA, VA, and USDA loans, with a focus on first-time buyer benefits and local conditions.

Conventional Loans

Conventional loans are ideal for buyers with strong credit profiles seeking flexibility in the 76939 market, where median home prices hover around the state average of $354,300. These loans, backed by Fannie Mae or Freddie Mac, typically require a minimum credit score of 620 and down payments of 3-5% for qualified borrowers. For first-time home buyers, this program offers competitive rates and no private mortgage insurance (PMI) if you put down 20% or more. In Texas, the conforming loan limit is $806,500, accommodating most properties in this ZIP code. Pair this with statewide first-time buyer assistance like the Texas State Affordable Housing Corporation (TSAHC) Home Sweet Texas program for up to 5% down payment assistance as a grant or forgivable loan. Learn more about purchase loans or explore our first-time home buyer resources to get started.

FHA Loans

FHA loans are a top choice for first-time buyers in 76939, offering low down payments and lenient credit requirements to make homeownership accessible in San Angelo's revitalizing urban areas. Insured by the Federal Housing Administration, these loans allow down payments as low as 3.5% with credit scores as low as 580 (or 500 with 10% down). The 2025 FHA loan limit in Tom Green County is $524,225, covering many local homes. Gifts from family are permitted for down payments, and there's no income limit, making it suitable for moderate-income households. Local programs like the San Angelo Homebuyer Assistance Program (HAP) can provide up to $15,000 in down payment help for low- to moderate-income buyers who complete homebuyer education. This combination is perfect for tackling housing shortages in the area. Contact our team via our contact page or use our loan calculator to estimate payments.

VA Loans

For veterans, active-duty service members, and eligible spouses in the 76939 ZIP code, VA loans provide zero-down-payment financing with no private mortgage insurance, easing the path to buying in Texas's rural and suburban pockets near San Angelo. Guaranteed by the U.S. Department of Veterans Affairs, these loans require a minimum credit score of around 620 and offer competitive rates with funding fees that can be rolled into the loan. There's no loan limit for full entitlement, and they can be used for primary residences, including manufactured homes common in this region. The Texas Veterans Land Board (VLB) Housing Assistance Program complements VA loans with low-interest options up to $726,200 and no down payment for qualified heroes. This is especially beneficial in areas with job opportunities in energy and healthcare. Visit our testimonials page to see how we've helped veterans, or head to our pre-approval page for next steps.

USDA Loans

USDA loans are tailored for rural home buyers in 76939, which includes eligible areas outside San Angelo's urban core, offering 100% financing with no down payment for low- to moderate-income households earning up to 115% of the area's median income. Backed by the U.S. Department of Agriculture, these loans require a minimum credit score of 640 and are perfect for properties in Tom Green County's countryside, where infrastructure challenges may limit other options. Guarantee fees apply but are lower than PMI, and the program supports first-time buyers through income-based eligibility without strict property size limits. Combine this with TSAHC's Homes for Texas Heroes if you're a teacher, firefighter, or veteran in a rural setting. Our construction loan calculator can help if you're eyeing a build in eligible zones. For personalized advice, check our loan officers or blog for Texas-specific tips.

The Home Buying Process with Summit Lending

Buying a home in the 76939 ZIP code area of Texas is an exciting journey, and Summit Lending is here to guide you every step of the way. As a trusted mortgage broker based in Tremonton, Utah, with services extending to Texas, our experienced loan officers help clients in the 76939 area navigate the purchase loan process seamlessly. With over 50 years of combined experience, we offer personalized assistance for home buying loans tailored to your needs. Below is a step-by-step guide to applying for a purchase loan, from pre-approval to closing.

Step 1: Get Pre-Approved

The first step in the home buying process is obtaining pre-approval, which shows sellers you're a serious buyer. Visit our Pre-Approval page to start. At Summit Lending, we assess your financial situation, including income, credit, and debts, to determine how much you can borrow. For first-time homebuyers in 76939, we can connect you with Texas-specific programs like those from TSAHC or TDHCA for down payment assistance. Our team will explain options such as FHA loans with low down payments or VA loans for veterans. Contact us at 385-200-1470 or via email at [email protected] to begin your pre-approval application.

Step 2: Find Your Home and Make an Offer

Once pre-approved, search for homes in the 76939 area, such as in Knickerbocker or broader Tom Green County. Use our Purchase Loans in Knickerbocker, Texas resources or explore options in Tom Green County. When you find the right property, our loan officers advise on your offer, factoring in current mortgage rates and affordability. We ensure your offer aligns with local market conditions in Texas, where median home prices hover around $354,300.

Step 3: Submit Your Loan Application

After your offer is accepted, submit a full application through our secure portal at https://summitlending.my1003app.com/300501. Upload documents like pay stubs, tax returns, and bank statements here. Summit Lending's brokers handle the paperwork, verifying eligibility for programs like USDA loans for rural areas near 76939 or conventional loans with 3-5% down. We assist with any Texas-specific requirements, ensuring a smooth submission.

Step 4: Underwriting and Appraisal

Our underwriting team reviews your application in detail, checking credit, income, and assets. We'll order a home appraisal to confirm the property's value. If needed, we explore refinance options post-purchase or adjustments for construction elements via our Construction Loans expertise. In the 76939 area, we navigate local regulations to keep things on track.

Step 5: Review Loan Estimates and Closing

Receive a detailed loan estimate outlining costs, rates, and terms—use our Loan Calculator for previews. At closing, sign documents at a title company, often within 30-45 days. Summit Lending coordinates everything, from final approvals to funding. For 76939 clients, we ensure compliance with Texas closing practices. Post-closing, access our Testimonials for success stories or reach out via Contact Us for ongoing support.

Explore more on our Mortgage Loans page or learn about our Loan Officers. Ready to start? Visit our Homepage today.

Current Interest Rates and Loan Estimates for 76939

As of the latest data in late 2025, prevailing mortgage rates for purchase loans in the 76939 ZIP code area of Texas, near San Angelo, align closely with national averages. For a 30-year fixed-rate mortgage, expect rates around 6.35% (APR approximately 6.42%), while 15-year fixed rates are about 5.65% (APR 5.75%). These rates can vary based on factors like credit score, down payment, loan amount, and lender-specific offerings. For adjustable-rate mortgages (ARMs), a 5/1 ARM is typically around 6.39% (APR 6.43%).

In Texas, conforming loan limits for 2025 are up to $806,500, with FHA limits at $524,225, making various home buying options accessible in the 76939 area. Summit Lending specializes in competitive purchase loans tailored to Texas borrowers, including FHA, VA, USDA, and conventional options to fit your needs.

For personalized loan estimates and to calculate your monthly payments based on current rates, visit our Loan Calculator. This tool provides up-to-date estimates for purchase loans without any commitment.

Ready to explore more? Check out our full range of Purchase Loans or learn about First Time Home Buyers programs available in Texas. For pre-approval assistance in 76939, see our Pre-Approval page. Contact us today at Contact Us to get started with one of our experienced loan officers.

Benefits of Choosing Summit Lending for Purchase Loans

When you're ready to buy a home in the 76939 ZIP code area of Texas, partnering with Summit Lending offers unparalleled advantages. Our team of experienced mortgage brokers, with over 50 years of combined expertise, specializes in guiding first-time and seasoned homebuyers through the complexities of securing purchase loans tailored to the Texas market.

One key benefit is our personalized guidance. We understand the unique needs of buyers in Tom Green County and surrounding areas like Knickerbocker. From initial consultation to closing, our loan officers provide one-on-one support, helping you navigate local programs such as TSAHC's Home Sweet Texas or TDHCA's My First Texas Home for down payment assistance. Whether you're exploring first-time homebuyer options or need advice on credit requirements and income limits, we customize solutions to fit your financial profile.

Competitive rates are at the heart of what we offer. As a trusted broker in Texas, we shop multiple lenders to secure the best possible rates for your mortgage loan, often beating national averages for 30-year fixed options. Use our loan calculator to estimate payments and see how our rates can make homeownership more affordable in 76939.

Our comprehensive support extends beyond approval. We assist with pre-approval to strengthen your offers, coordinate document uploads via our secure portal at https://summitlending.my1003app.com/300501, and ensure a smooth process from application to keys in hand. Clients rave about our service in our testimonials, highlighting our availability and commitment to your success.

Choose Summit Lending for purchase loans in 76939 and experience the difference of working with a local expert firm serving Texas with integrity. Contact us today to get started on your home buying journey.

Next Steps and Contact Information

Ready to take the next step toward securing your purchase loan in the 76939 ZIP code, Texas? At Summit Lending, we make the process straightforward and supportive. Here's how to get started:

1. Explore Your Options: Begin by using our loan calculator to estimate your mortgage payments and understand affordability for home buying in Texas.
2. Get Pre-Approved: Visit our pre-approval page for guidance on navigating the pre-approval process, which strengthens your position as a buyer.
3. Submit Your Application: Once you're prepared, start your secure loan application by submitting documents and details through our online portal at https://summitlending.my1003app.com/300501. This platform allows you to upload necessary information safely, including sensitive details like your social security number.
4. Consult Our Experts: If you have questions about mortgage loans in 76939, first-time homebuyer programs, or specific requirements, reach out to our experienced loan officers via the contact us page.

For personalized assistance, contact Summit Lending today:

• Phone: 385-200-1470
• Email: [email protected]
• Address: 305 E Main Street Suite 202, Tremonton, UT 84337

Our team, with over 50 years of combined experience, serves Texas including the 76939 area and is here to help you every step of the way. Learn more about our loan officers or browse all mortgage loans we offer.