The Best Mortgage Lenders in Carrollton, TX
Compare verified mortgage lenders serving Carrollton, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Carrollton
Featured Mortgage Lenders
Matt Duran
Supreme Lending
Supreme Lending is a highly-rated national mortgage company with deep roots in Carrollton, operating from their corporate headquarters located in the city. With over two decades of experience, they've built an exceptional reputation for personalized service and competitive rates. Their local presence allows for face-to-face consultations and streamlined processing. They specialize in first-time homebuyer programs, jumbo loans, and various government-backed loans, with many reviewers praising their efficient closing processes and responsive communication.
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Chris Hollingsworth
Guardian Mortgage Company, Inc.
Guardian Mortgage has been serving Texas homeowners since 1997 with a strong focus on the Dallas-Fort Worth metroplex, including Carrollton. They maintain an A+ rating with the Better Business Bureau and are known for their local underwriting and decision-making capabilities. The company excels in construction lending and renovation loans, while also offering competitive conventional and government loan products. Customers frequently mention their knowledgeable staff and ability to close loans quickly in reviews.
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Michael Ricks
Benchmark Mortgage
Benchmark Mortgage operates a prominent Carrollton branch that serves the entire North Texas region. Founded in 2002, they've established themselves as a reliable lender with particularly strong programs for investment properties and jumbo loans. Their local loan officers have extensive market knowledge of Carrollton and surrounding communities. The company receives consistent praise for their transparent communication throughout the loan process and their ability to handle complex financial situations effectively.
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Frequently Asked Questions
Common questions about mortgage lending in Carrollton, TX
What are the current mortgage rates like for homebuyers in Carrollton, TX?
Mortgage rates in Carrollton are competitive with the broader Dallas-Fort Worth metroplex and are influenced by national trends. As of the latest data, rates for a 30-year fixed mortgage typically range from the mid-6% to low-7% APR, but can vary based on your credit score, loan type, and down payment. It's advisable to compare offers from local lenders, credit unions, and national banks to secure the best rate for your situation.
Are there any down payment assistance programs specifically for Carrollton homebuyers?
While Carrollton itself does not offer a city-specific program, homebuyers can access several Texas-wide and Dallas County programs. Key options include the Texas Department of Housing and Community Affairs (TDHCA) programs like My First Texas Home, which offer down payment assistance and competitive interest rates for eligible buyers. Working with a lender experienced in these state programs is crucial for Carrollton residents.
How does Carrollton's property tax rate affect my mortgage payments?
Carrollton's property tax rate is a significant component of your monthly mortgage payment, as it's escrowed by your lender. The combined rate (City, County, School District) is approximately 2.3% to 2.5% of the home's appraised value. For a $400,000 home, this can mean $9,200-$10,000 annually, adding roughly $767-$833 to your monthly PITI payment, so budgeting for this is essential.
What should I know about getting a mortgage for a home in Carrollton's older neighborhoods versus newer developments?
In established neighborhoods like Trinity Mills or Old Town Carrollton, you may encounter older homes that could require specialized loans like a renovation loan (FHA 203k or Fannie Mae HomeStyle) if updates are needed. For newer developments in areas like the Castle Hills corridor, conventional financing is typically straightforward, but lenders may have specific requirements for newly built homes. An appraisal that considers Carrollton's rising comps is vital in both cases.
As a first-time homebuyer in Carrollton, what local resources or lenders should I consider?
First-time buyers in Carrollton should connect with HUD-approved housing counseling agencies in the DFW area for education. For lending, consider local institutions like Texans Credit Union or LegacyTexas Bank that have deep knowledge of the Carrollton market. Additionally, thoroughly explore the TDHCA programs mentioned earlier, as they are designed to make homeownership in Texas cities like Carrollton more accessible.
Why Choose a Mortgage Lender in Carrollton?
Local Market Knowledge
Lenders who understand Carrollton'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 Carrollton and get competitive rates on your home loan.