The Best Mortgage Lenders in Garland, TX
Compare verified mortgage lenders serving Garland, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Garland
Featured Mortgage Lenders
Justin B. Miller
Supreme Lending
Supreme Lending is a Dallas-based mortgage company with a strong presence throughout the Garland area, consistently ranked among the top mortgage lenders in North Texas. With over two decades of experience, they offer personalized service and competitive rates across all loan types. Their high customer satisfaction ratings stem from their efficient processing, transparent communication, and extensive local market expertise. They're particularly noted for their first-time homebuyer programs and veteran-focused VA loans.
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Chris Holland
Guild Mortgage
Guild Mortgage has served the Garland and greater Dallas area for decades with a reputation for exceptional customer service and flexible lending solutions. As a direct lender with in-house underwriting, they offer faster closings and personalized attention. They excel in government-backed loans and have specialized programs for self-employed borrowers. Their local team understands the unique dynamics of the Garland housing market and provides comprehensive guidance throughout the entire mortgage process.
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Mortgage Services
Texans Credit Union
Texans Credit Union has been a trusted financial institution serving Garland and the surrounding communities for over seven decades. As a member-owned cooperative, they offer competitive rates and lower fees than many traditional banks. Their mortgage team provides personalized service with local decision-making authority, ensuring responsive and flexible lending solutions. They're particularly strong in first-time homebuyer programs and offer exclusive member benefits including discounted closing costs and relationship rate discounts.
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Frequently Asked Questions
Common questions about mortgage lending in Garland, TX
Are there any first-time homebuyer assistance programs specific to Garland, TX?
Yes, the Garland Homebuyer Assistance Program (GHAP) offers up to $15,000 in down payment and closing cost assistance for eligible first-time buyers. This is a zero-interest, forgivable loan that is forgiven after five years of occupancy. To qualify, you must meet income limits, complete a homebuyer education course, and purchase a home within Garland city limits.
How does Garland's property tax rate affect my monthly mortgage payment?
Garland's property tax rate is a significant component of your monthly payment, as Texas has no state income tax. The combined rate for Garland (city, county, school district) typically exceeds 2.4%. When calculating your budget, lenders will escrow for these taxes, so a home's appraised value by the Dallas Central Appraisal District directly impacts your PITI (Principal, Interest, Taxes, Insurance) payment.
What are typical mortgage rates offered by local lenders in Garland compared to national averages?
Mortgage rates in Garland are generally aligned with national averages, but local credit unions like Texans Credit Union or Resource One Credit Union often offer competitive rates and special programs for members. It's wise to compare offers from both local institutions and national lenders, as even a slight rate difference can have a major impact in Garland's competitive housing market.
Are there specific loan programs in Garland that are beneficial for buying older homes?
Yes, given Garland's inventory of charming, older homes, an FHA 203(k) Rehabilitation Loan can be particularly useful. This loan allows you to finance both the purchase price and the cost of renovations into a single mortgage. This is practical for updating mid-century homes in established neighborhoods like Duck Creek or Embarcadero, where modernizing kitchens or electrical systems is common.
How does Garland's location in the Dallas-Fort Worth metroplex influence mortgage lending requirements?
Garland's strong position in the robust DFW job market is viewed favorably by lenders, potentially leading to more flexible debt-to-income ratio considerations for stable borrowers. However, due to the region's history of rapid growth and property value increases, lenders may require more stringent appraisals to ensure the sales price aligns with the home's current market value in your chosen neighborhood.
Why Choose a Mortgage Lender in Garland?
Local Market Knowledge
Lenders who understand Garland'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 Garland and get competitive rates on your home loan.