The Best Mortgage Lenders in Arlington, TX
Compare verified mortgage lenders serving Arlington, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Arlington
Featured Mortgage Lenders
The Mortgage Firm - Arlington Team
The Mortgage Firm
The Mortgage Firm's Arlington location stands out as one of the highest-rated local mortgage brokers in the area with nearly 300 excellent reviews. They specialize in providing personalized mortgage solutions with a focus on competitive rates and exceptional customer service. Their team of experienced loan officers has deep knowledge of the Arlington real estate market and offers a wide range of loan programs including specialized options for military families and first-time homebuyers. Their 25 years of industry experience combined with local market expertise makes them a top choice for Arlington homebuyers.
Loan Types:
Texas Trust Credit Union Mortgage Department
Texas Trust Credit Union
As one of the largest credit unions in the Dallas-Fort Worth area with deep roots in Arlington, Texas Trust Credit Union offers exceptional mortgage services with member-focused benefits. Their not-for-profit structure often translates to lower rates and fewer fees for borrowers. They have maintained an outstanding reputation for over 85 years, providing comprehensive mortgage solutions with local decision-making and personalized service. Their strong community presence and commitment to member satisfaction make them a trusted choice for Arlington residents seeking competitive mortgage options.
Loan Types:
Fairway Independent Mortgage Corporation - Arlington
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation's Arlington branch has built an exceptional reputation for providing competitive rates and outstanding customer service in the local market. As a nationally recognized mortgage lender with strong local presence, they combine the resources of a large company with personalized, local service. Their loan officers are known for their expertise in navigating complex mortgage scenarios and their commitment to streamlining the loan process. With nearly three decades of experience and hundreds of positive reviews specifically for their Arlington location, they consistently rank among the top mortgage lenders serving the area.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Arlington, TX
What are the current mortgage rates like in Arlington, TX, and how do they compare to the national average?
Mortgage rates in Arlington typically align closely with national averages, but local competition among lenders can sometimes lead to slightly better terms. As of recent trends, rates in the Dallas-Fort Worth Metroplex, including Arlington, are often competitive due to the high volume of lending activity. It's advisable to compare offers from both large national banks and strong regional credit unions serving Tarrant County.
Are there any special down payment assistance or first-time homebuyer programs available specifically for Arlington residents?
Yes, Arlington homebuyers can access the Texas Department of Housing and Community Affairs (TDHCA) programs like the My First Texas Home and Texas Mortgage Credit Certificate. Additionally, the Arlington Housing Authority occasionally administers local grants. These programs can provide down payment assistance, lower interest rates, and valuable federal tax credits for qualifying buyers.
How does being in a high-growth area like the Dallas-Fort Worth Metroplex affect the mortgage appraisal process in Arlington?
The rapid appreciation and competitive market in Arlington can lead to appraisal challenges, as appraised values must keep pace with fast-moving sale prices. Lenders often require appraisers with specific local expertise in Tarrant County neighborhoods. It's crucial for buyers to be prepared for potential appraisal gaps and discuss contingencies with their loan officer.
What should I know about property taxes in Arlington when calculating my total monthly mortgage payment?
Arlington has a combined property tax rate (city, county, school district) that is relatively high for Texas, often between 2.3% and 2.7% of the home's appraised value. Your lender will escrow these taxes, significantly impacting your total monthly payment. It's essential to get an accurate tax estimate during pre-approval, as taxes can add hundreds to your monthly obligation.
Are there specific mortgage considerations for buying a home near major employers like the GM plant, Texas Live!, or UT Arlington?
Yes, proximity to these major employment centers can influence loan underwriting positively due to stable employment history. Furthermore, some lenders offer special relationship programs for employees of these large local employers. However, homes in these high-demand corridors may also command premiums, affecting loan-to-value ratios and required down payments.
Why Choose a Mortgage Lender in Arlington?
Local Market Knowledge
Lenders who understand Arlington's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Texas.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Arlington and get competitive rates on your home loan.