Home Loans

Rural Home Loans

 

Rural homes are designed to maximize the natural beauty of their expansive surroundings, making rural Texas an attractive option for many city dwellers each year. At Heritage Land Bank, our lenders specialize in simplifying this transition with rural home loan programs. We offer financing for traditional homes, barndominiums, and manufactured homes, catering to the diverse residential options found in the country. Our lending experts, who live and work in the same rural communities we serve, understand the unique aspects of financing rural home purchases compared to typical city mortgages.

 

Home on Lot

  Rural Home Loan Benefits:

  • Competitive fixed rates
  • Terms up to 30 years
  • No acreage restrictions
  • Both Rural Home Program and Rural Home Jumbo Program
  • Financing for barndominiums and manufactured homes
  • Retain ag exemptions
  • No PMI required

 

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Traditional Mortgages

 

Our Conventional Loan Program is an excellent option for many prospective homeowners, providing straightforward terms that meet common needs without the complexities of rural home loans for unique residences or large acreage. These traditional mortgages are ideal for purchasing or refinancing primary residences, second homes, or investment properties. For those requiring larger loan amounts, our Conventional Jumbo Program may be suitable, and our local lending experts are available to help you determine the best mortgage solution for your needs.

 

Home on Lot

 Traditional Mortgage Benefits:

  • Competitive rates, with some adjustable rates
  • Terms up to 30 years
  • No acreage restrictions
  • Retain ag exemptions
  • Both Conventional Program and Conventional Jumbo Program
  • Offered for homes in both the country and the city
  • Financing for barndominiums and manufactured homes

 

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Mortgage Refinancing

 

Heritage Land Bank is committed to helping you optimize the benefits of homeownership. By refinancing your mortgage with us, you can reduce monthly payments, select a shorter term, or utilize your home equity with a cash-out option. Our refinancing solutions offer competitive rates, terms up to 30 years, no acreage restrictions, and the ability to maintain your agricultural exemption, enabling you to make the most of your investment in rural Texas.

 

Home on Lot

 Benefits of Refinancing:

  • Lower your monthly payments when you refinance to a longer-term
  • Take a shorter term to save money in interest and pay off your home sooner
  • Possibility for lower interest rate than when you first signed your loan, reducing the amount you owe each month
  • Tap into the equity you’ve built in your home and get much-needed cash in hand when you apply for a cash-out refinance
  • Refinance a current property and purchase additional adjoining acreage to the loan (five-acre minimum and must be a second home)

 

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