The Best Mortgage Lenders in Coppell, TX
Compare verified mortgage lenders serving Coppell, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Coppell
Featured Mortgage Lenders
Mark Murdock
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Coppell location, led by experienced loan officer Mark Murdock, maintains exceptional 4.9-star ratings across multiple review platforms. They specialize in personalized mortgage solutions with competitive rates and have built a strong reputation for their responsive customer service and efficient loan processing. Their local team understands the Coppell real estate market specifically and offers comprehensive guidance through the entire mortgage process, from pre-approval to closing.
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Scott Tarter
Supreme Lending
Supreme Lending, founded in 1999, has established itself as one of the top mortgage lenders in the Dallas-Fort Worth area, serving Coppell with excellent 4.8-star ratings. Scott Tarter's team is particularly noted for their expertise in jumbo loans and construction financing, which are relevant to Coppell's housing market. They're praised for their transparent communication, competitive rates, and ability to handle complex loan scenarios while maintaining efficient closing timelines.
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Kevin Kauffman
Guild Mortgage
Guild Mortgage's Flower Mound office, serving the Coppell area, maintains strong 4.7-star ratings with Kevin Kauffman leading the local team. With over 60 years in business, Guild offers exceptional stability and a wide range of loan products, including their popular renovation loans that appeal to Coppell homeowners looking to upgrade. They're particularly noted for their educational approach, helping clients understand all options, and their efficient digital mortgage process that streamlines the application and approval stages.
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Frequently Asked Questions
Common questions about mortgage lending in Coppell, TX
Are there any down payment assistance programs specifically for Coppell, TX homebuyers?
While Coppell itself does not offer a city-specific program, homebuyers in Coppell are eligible for the statewide Texas Department of Housing and Community Affairs (TDHCA) programs like My First Texas Home and My Choice Texas Home. These offer competitive interest rates and down payment assistance for eligible first-time and repeat buyers, which is crucial in Coppell's higher-than-average price market.
How do Coppell's property taxes impact my mortgage qualification and monthly payment?
Coppell is located within Dallas County, which has relatively high property tax rates, typically around 2.0% to 2.3% of the home's appraised value. Lenders will factor this significant tax burden into your debt-to-income ratio, potentially reducing the loan amount you qualify for. Your monthly mortgage payment (PITI) will have a notably larger "T" (taxes) component compared to many other regions.
What is a typical down payment percentage needed for a home in Coppell's competitive market?
Given Coppell's desirability due to its top-rated school district (Coppell ISD) and family-friendly amenities, the market is competitive with median home prices well above the national average. While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers successfully purchase with 3%-10% down using conventional loans, especially first-time buyers leveraging the strong local job market to qualify.
Does Coppell's location in a flood zone affect the mortgage process?
Parts of Coppell, especially areas near the Elm Fork of the Trinity River, are in designated flood zones. If your desired property is in a Special Flood Hazard Area (SFHA), your lender will require you to purchase flood insurance as a condition of the mortgage. This is a separate, mandatory policy in addition to homeowner's insurance and will add to your monthly housing costs.
Are jumbo loans common in Coppell, and do they have different requirements?
Yes, jumbo loans (which exceed the 2024 conforming loan limit of $766,550 in Dallas County) are very common in Coppell due to its higher-priced housing stock. These loans often require stronger financial profiles, including higher credit scores (typically 700+), larger down payments (often 10%-20% minimum), and more extensive reserve requirements (6-12 months of payments) compared to conventional conforming loans.
Why Choose a Mortgage Lender in Coppell?
Local Market Knowledge
Lenders who understand Coppell'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 Coppell and get competitive rates on your home loan.