When it comes to buying or refinancing a home, the most important factor is finding a Dallas mortgage lender who will work with you – not against you.
Because of our great relationships with these lenders, we can often negotiate better rates and terms, and deliver a better overall experience for you.
Our streamlined processes ensure that your experience will be easy and convenient from start to finish so you won’t have to worry about any last minute surprises.
Get a Free Mortgage Quote in Dallas, TX
Owning your own home is the cornerstone of the American Dream, but are you getting the best deal on your mortgage?
Interest rates can be wildly variable, so why not take control and shop around? It’s easy to compare mortgage rates online and make sure you’re getting the most bang for your buck.
By taking the time to comparison-shop, you could save hundreds or even thousands of dollars over the life of your loan – and that money could go to building equity in your home or adding extra payments towards principal.
So don’t wait – start comparing mortgage rates today and make sure you’re getting the absolute best deal available!
About the City of Dallas, TX
Dallas, TX is located about 20 miles southeast of Fort Worth. The city was founded in 1841 by John Neely Bryan. The city is a part of the Dallas-Fort Worth Metroplex, one of the most populous metropolitan areas in the country. It is home to the world’s tallest skyscraper, the Willis Tower.
The city of Dallas, TX is located in the center of Texas, about halfway between Houston and San Antonio. The city has a population of 2.7 million people and is known as the “Big D.” The city is home to two major sports teams, the Dallas Cowboys and the Dallas Mavericks. The Cowboys play at the new $1.2 billion AT&T Stadium while the Mavericks play at the American Airlines Center. Both of these stadiums are located in Irving, TX which is part of the Dallas-Fort Worth Metroplex.
Buying a Home in Dallas, TX
Ready to make Dallas, Texas your home?
You should be!
This vibrant city is an ideal place for those seeking a unique mix of culture, entertainment and commerce.
With the thriving job market, top-rated schools, and renowned restaurants, there’s truly something for everyone here.
When it comes to your home loan, there are probably a few questions you want answered:
- How much does a house in Dallas cost?
- Is it a good time to buy a house in Dallas now?
- Is Dallas good place to buy house?
- Are home prices rising or dropping in Dallas?
Homeownership allows you to plan for the future and truly make a home of your very own.
The biggest benefit of owning a home is financial stability. Your mortgage payments stay consistent every month, while rent prices rise and fluctuate.
Plus, you’re building equity in your home with each payment that you make. Owning a home also gives you something tangible to show for your hard work: the house itself is yours, and you don’t need to worry about a landlord giving you notice.
When you own a home, you have the freedom to remodel as you wish, pick out furniture or fixtures that fit your style – allowing you to really put down roots and make a house feel like home. You also have more control over your immediate community because you can influence local laws and regulations through homeowner groups.
With its affordable housing market and high cost of living, you’ll find that it’s easy to get more bang for your buck when buying a home in Dallas.
So don’t wait – take the plunge today and begin your journey towards homeownership in “Big D”!
What Are Mortgage Lenders in Dallas, TX Looking For?
- Recent applications
- Utilization of credit
- Payment history
- Any dispute statements
What Documents Do I Need To Get A Mortgage in Dallas, TX?
- Proof Of Income
- Credit Documentation
- Proof Of Assets And Liabilities
- Two most recent bank statements
- Personal tax returns from the past 2 years
How to Get a Mortgage in Dallas, TX?
Buying a house can be incredibly exciting, but it can also come with a lot of questions.
One of the key questions is likely to be about how you’re going to finance the purchase. That’s where mortgages come in!
A mortgage is a loan that’s secured against the property you want to buy. To get one, you’ll need to show your lender that you have steady income and a good credit score, as well as having enough saved up for a deposit.
Once your application has been approved, your lender will send out an appraiser who will assess the property’s value and make sure it meets certain legal requirements. After this, you can draw up your contract and start communicating with the seller. Finally, on the day that you close, you’ll get the keys to your new home – and begin your journey as an official homeowner!
Types of Loans Available in Dallas, TX
When choosing a home loan, you need to do your research to find an option that’s right for you and we’re here to guide you with the different types of loans, so you’ll know what to expect as far as guidelines go when applying for the loan.
FHA loans are federally insured home loans that allow you to make a down payment as low as 3.5%.
First-time homebuyers can benefit from FHA loans, but you don’t have to be a first-time buyer to qualify. They may also be a good option if you have less-than-perfect credit due to their easier qualifying process.
Learn more about FHA loans in Dallas, TX.
A VA home loan is a special type of mortgage guaranteed by the U.S. Department of Veterans Affairs (VA), and is available only to qualified borrowers as part of their military benefits. VA loans were created to provide veterans with access to credit and help them compete in the housing market by easing credit, down payment and debt-to-income requirements. The closing costs and interest rates are usually lower.
First-time homebuyers, especially those needing assistance in today’s competitive housing market will find them a good option.
Learn more about VA loans in Dallas, TX.
As part of its Rural Development Guaranteed Housing Loan program, USDA offers mortgages backed by the U.S. Department of Agriculture with no down payment and reduced mortgage insurance.
A USDA mortgage is for home buyers who have low-to-average incomes. In addition, you must live in a rural area (defined by the USDA) to qualify for the program.
Learn more about USDA loans in Dallas, TX.
Jumbo loans are loans that exceed the limits set by government-sponsored agencies. They package them for investors such as Fannie Mae and Freddie Mac.
Jumbo loans provide larger loans than usual and can be used for primary residences, investment properties, or vacation properties.
Learn more about Jumbo loans in Dallas, TX.
30-Yr Fixed Mortgage
A 30-year fixed-rate mortgage is a home loan with a repayment term of 30 years and an interest rate that remains the same throughout the life of the loan. With a 30-year fixed-rate home loan, your monthly payment stays the same until you have finished paying it off.
Learn more about 30-Year Fixed Rate mortgages in Dallas, TX.
15-Yr Fixed Mortgage
15-year fixed mortgages have a repayment period of 15 years and a fixed interest rate.
If you’re considering a 15-year mortgage, it’s important to understand how it will affect your monthly payments as well as the amount you’ll pay over time.
Learn more about 15-Year Fixed Rate mortgages in Dallas, TX.
Adjustable Rate Mortgage
Home loans with adjustable interest rates, or ARMs, are loans with variable interest rates. In general, the initial interest rate is lower than that of a comparable fixed-rate mortgage, and the monthly payments can fluctuate as well. Once that period is up, interest rates — and your monthly payments – may change.
Learn more about Adjustable Rate mortgages in Dallas, TX.
Frequently Asked Questions
How do I contact your mortgage company in Dallas, TX?
You can give us a call anytime at 888-670-7550.
Where is your Dallas, TX mortgage office located?
We service the area near the Omni Dallas Hotel. As a fully licensed Texas mortgage lender, we can service all surrounding areas in the DFW area.
Can you get a mortgage without a credit score?
Yes, some mortgage programs don’t require a credit score. Few caveats to this is that only a few lenders can do this. You’ll also need to go through manual underwriting which can be time-consuming when compared to the automated approval process.
How long do you need a salary to get a mortgage?
Lenders generally require at least 2 years of consistent income, preferably within the same field.
How much home can you afford?
For determining how much house you can afford, use the 28/36 rule. According to the rule, you shouldn’t spend more than 28% of your gross monthly income on home-related costs and no more than 36% on total debts, including your mortgage and credit cards.