The Best Mortgage Lenders in Denton, TX
Compare verified mortgage lenders serving Denton, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Denton
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in the Dallas-Fort Worth metroplex, including Denton. Known for its innovative digital mortgage platform and competitive rates, the company has consistently high customer satisfaction ratings due to its efficient loan processing, transparent communication, and wide range of loan products. With over two decades of experience, they are praised for their reliability and expertise in serving both first-time homebuyers and experienced investors in the North Texas region.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly reputable lender with a robust presence in Texas, including dedicated service to Denton homeowners. Renowned for its exceptional customer service and competitive loan options, Fairway has built a loyal client base through personalized guidance, fast closings, and a commitment to community involvement. Their experienced loan officers specialize in navigating complex mortgage scenarios, making them a trusted choice for buyers seeking reliable and stress-free financing solutions in the DFW area.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a significant footprint in Texas, offering comprehensive mortgage services to Denton residents. They are acclaimed for their streamlined loan process, competitive rates, and strong emphasis on customer care, often achieving quick turnaround times. With a focus on building long-term relationships and supporting local communities, Movement provides tailored loan solutions for diverse needs, including first-time homebuyers and military families, backed by a team of knowledgeable professionals dedicated to exceeding expectations.
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Frequently Asked Questions
Common questions about mortgage lending in Denton, TX
Are there any special first-time homebuyer programs available specifically for Denton, TX?
Yes, the Texas Department of Housing and Community Affairs (TDHCA) offers the My First Texas Home program, which provides down payment assistance and competitive mortgage rates. Denton homebuyers may also benefit from the city's own HOME Investment Partnerships Program, which offers forgivable loans for down payment and closing cost assistance to income-eligible buyers purchasing within city limits.
How do property taxes in Denton County impact my mortgage payments and affordability?
Denton County has property tax rates that are above the national average, typically ranging from 2.0% to 2.5% of the home's appraised value. This significantly affects your total monthly mortgage payment, as lenders will escrow these taxes. When calculating affordability, it's crucial to factor in this high tax burden, which can add hundreds of dollars to your monthly payment compared to lower-tax areas.
What is the typical down payment needed to buy a home in Denton's competitive market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Denton successfully purchase with 3-5% down using conventional loans, especially with the strong presence of major employers like the University of North Texas and Texas Woman's University. For the popular first-time buyer homes in areas like south Denton or near the universities, a down payment of $10,000-$20,000 is often sufficient given the median home price.
Are USDA loans a viable option for homebuyers in Denton, TX?
Yes, but with important geographic limitations. While most of the city of Denton itself is not eligible for USDA's zero-down-payment rural housing loans, several outlying areas within Denton County, including parts of Krum, Sanger, and Ponder, are designated as USDA-eligible. This can be an excellent option for buyers willing to live just outside the city core to access this beneficial program.
How does being a college town affect the mortgage and housing market in Denton?
Denton's status as a home to two major universities creates a strong rental market, which can make investment property mortgages attractive for some buyers. However, it also leads to competitive buying conditions for single-family homes, especially in neighborhoods near UNT and TWU, often requiring strong pre-approvals and quick offers. Lenders in Denton are very familiar with underwriting loans for both faculty/staff and investors looking at the student housing market.
Why Choose a Mortgage Lender in Denton?
Local Market Knowledge
Lenders who understand Denton'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 Denton and get competitive rates on your home loan.