Your Trusted Mortgage Partner in Lubbock, TX
At Herring Bank, we’re more than just a mortgage lender—we’re your local mortgage specialists in Lubbock, TX. Our dedicated loan officers will walk you through each step of the loan process, offering personalized guidance from start to finish. As a local lender, we provide in-house underwriting for quicker processing times and tailored service. Whether you’re in the market for a new home or exploring refinancing options, we ensure a smooth and efficient experience, all while keeping your unique needs in focus.
Our home loan options in Lubbock are designed to meet the needs of diverse homebuyers. Whether you’re looking for a low down payment, government-backed loans, or simply exploring your refinancing options, we have a solution for you.
Key Benefits of Our Home Loan Services:
- Competitive interest rates on all loan types
- Flexible loan terms to suit your financial situation
- FHA and VA loans tailored for first-time buyers and veterans
- Personalized loan estimates and free consultations
- Fast, hassle-free approval process with local expertise
Comprehensive Home Loan Solutions in Lubbock, TX
Whether you’re purchasing your first home or are a seasoned homeowner, Herring Bank offers a broad range of loan options tailored to your needs. For those entering the housing market for the first time, our FHA loan services deliver a supportive, customer-focused experience. With flexible terms and competitive rates, we also provide conventional loans, VA loans, and other government-backed options to suit every type of borrower. Begin your journey today with a complimentary consultation and a customized loan estimate from our expert team.
Our Home Loan Options
Herring Bank offers a variety of loan programs to suit different financial needs and situations. Whether you’re buying a new home or looking to refinance your existing mortgage, our options ensure that you’ll find the right fit for your budget and goals.
Mortgage Rates in Lubbock, TX:
Our team stays up-to-date with the latest Lubbock mortgage rates to offer you the best terms possible. Call us today to get a customized rate quote and see how much you can save on your next home loan.
Lubbock Real Estate Market
The Lubbock, TX real estate market in 2024 presents a favorable landscape for homebuyers, with the median listing price at approximately $249,000, showing a slight decline from last year. The area remains a buyer’s market, with properties selling on average for about 1.35% below the listing price and homes typically staying on the market for around 66 days. This slowdown in home prices, combined with an increase in active listings, creates an excellent opportunity for buyers to find deals, especially in the mid-range housing sector.
Lubbock offers a wide variety of property types, from affordable single-family homes to higher-end properties, catering to both first-time buyers and those seeking larger homes. The city is also well-known for its affordable housing compared to other Texas markets, making it attractive for families and investors alike. Additionally, the local real estate market has been supported by strong demand for rentals and new construction, reflecting steady population growth and development
