The Best Mortgage Lenders in DFW, TX
Compare verified mortgage lenders serving DFW, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in DFW
Featured Mortgage Lenders
Supreme Lending
Supreme Lending
Supreme Lending is a top-rated mortgage company headquartered in Dallas, TX, with a strong local presence in the DFW area. Known for its exceptional customer service and competitive rates, it has built a reputation for reliability and transparency over 25 years. The company specializes in a wide range of loan products, including first-time homebuyer programs, and has consistently high customer satisfaction ratings due to its personalized approach and efficient processing. Its deep community ties and extensive experience make it a preferred choice for DFW residents.
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Caliber Home Loans
Caliber Home Loans Inc.
Caliber Home Loans is a highly reputable national mortgage lender with a significant presence in DFW, offering tailored solutions and competitive rates. Founded in 2008, it has earned strong customer reviews for its streamlined application process and dedicated local support teams. The company provides a comprehensive suite of loan options, including specialized programs for veterans and rural homes, and is praised for its responsiveness and industry expertise. Its commitment to customer satisfaction and community engagement solidifies its position as a leading lender in the Texas market.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a well-established lender with a robust DFW footprint, renowned for its high customer ratings and innovative loan products. Since 1996, it has provided reliable mortgage services with a focus on personalized care and competitive pricing. The company excels in offering diverse financing options, including first-time homebuyer assistance and refinancing, and is recognized for its fast closings and exceptional support. Its long-standing presence and community involvement in Texas make it a trusted choice for homebuyers in the Dallas-Fort Worth area.
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Frequently Asked Questions
Common questions about mortgage lending in DFW, TX
What are the current mortgage rates like in the DFW area, and how do they compare to the national average?
Mortgage rates in DFW typically align closely with national averages, but can be influenced by the region's strong, competitive housing market. As of recent trends, DFW rates may be slightly more favorable due to the volume of lending activity and a healthy local economy. It's always best to compare rates from multiple local lenders, including credit unions and community banks, to secure the best deal.
Are there any down payment assistance programs specifically for first-time homebuyers in Dallas-Fort Worth?
Yes, several city and county programs exist. The City of Dallas offers the Dallas Homebuyer Assistance Program (DHAP), which provides up to $40,000 in forgivable loans for down payment and closing costs. Tarrant County has similar programs, like the TCHA Homebuyer Assistance Program. These often have income limits and require homebuyer education courses.
How does the competitive DFW real estate market impact the mortgage pre-approval and offer process?
In DFW's fast-paced market, a strong pre-approval from a reputable local lender is not just a suggestion—it's a necessity to have your offer taken seriously. Sellers often favor offers with solid pre-approvals over those with just pre-qualifications. You may also need to be prepared for appraisal gaps due to bidding wars, so discuss strategies like appraisal waivers or gap coverage with your lender.
What should I know about property taxes when getting a mortgage for a home in DFW?
Property taxes in the DFW metroplex are notably high, with no state income tax offsetting them. Lenders will escrow for these taxes, significantly impacting your total monthly payment. Rates vary by county and specific municipality (e.g., Dallas, Tarrant, Collin, Denton), so it's crucial to factor this into your budget, as it can add hundreds to your monthly mortgage payment.
Are there specific loan programs or considerations for buying a home in one of DFW's many new construction developments?
Yes, many national and local builders in DFW (in areas like Frisco, Prosper, or Forney) have preferred lenders who offer incentives like closing cost credits if you use their in-house mortgage company. However, it's wise to get an independent loan estimate to compare. Also, construction-to-permanent loans are common if you're building on your own lot, which differ from standard purchase mortgages.
Why Choose a Mortgage Lender in DFW?
Local Market Knowledge
Lenders who understand DFW'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 DFW and get competitive rates on your home loan.