The Best Mortgage Lenders in Grapevine, TX
Compare verified mortgage lenders serving Grapevine, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Grapevine
Featured Mortgage Lenders
CrossCountry Mortgage, LLC - Grapevine
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Grapevine office maintains exceptional local ratings and specializes in personalized mortgage solutions for DFW homebuyers. With two decades of experience, they offer competitive rates across all loan types and are particularly noted for their expertise with VA loans and first-time homebuyer programs. Their local team provides in-person consultations and has deep knowledge of the Grapevine and surrounding Tarrant County markets.
Loan Types:
Supreme Lending
Supreme Lending
Supreme Lending is a highly-rated Texas-based mortgage company with strong presence throughout the DFW metroplex, including Grapevine. Founded in 1999, they've built an outstanding reputation for competitive rates and exceptional customer service. They specialize in construction and renovation loans alongside traditional mortgage products, with many local Realtors recommending them for their reliable closing timelines and professional loan officer team.
Loan Types:
Texans Credit Union
Texans Credit Union
Texans Credit Union serves the entire DFW area including Grapevine residents, offering member-focused mortgage solutions with typically lower rates and fees than traditional banks. As a not-for-profit financial cooperative, they prioritize member satisfaction and have consistently high ratings for their mortgage department. Their experienced loan officers provide personalized service and they're particularly strong with first-time homebuyer programs and competitive refinance options.
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Frequently Asked Questions
Common questions about mortgage lending in Grapevine, TX
Are there any special mortgage programs for first-time homebuyers in Grapevine, TX?
Yes, Grapevine homebuyers can access several Texas-wide programs, such as the Texas Department of Housing and Community Affairs (TDHCA) programs offering down payment assistance and competitive rates. Additionally, some local lenders and credit unions in the DFW area offer specific first-time buyer grants or loans tailored to the area's median income levels. It's wise to consult with a local mortgage broker familiar with these programs to find the best fit for your situation.
How do Grapevine's property taxes impact my mortgage payment and qualification?
Grapevine is located in Tarrant County, which has relatively high property tax rates compared to the national average, often around 2.2-2.4% of the home's appraised value. This significantly affects your total monthly payment (PITI) and the debt-to-income ratio (DTI) lenders use to qualify you. When budgeting, you must account for this, as a higher tax escrow can reduce the loan amount you qualify for compared to a city with lower taxes.
What is the typical down payment needed for a home in Grapevine's competitive market?
While conventional loans with 3-5% down are possible, Grapevine's desirable location and competitive housing market often see multiple offers, making a stronger down payment (10-20%) advantageous to win a bid. For the median home price in Grapevine, a larger down payment demonstrates serious buyer commitment and can improve your offer's appeal to sellers, though FHA and VA loans with low or no down payment are still viable options with the right terms.
Are there specific mortgage considerations for buying a home in a Grapevine historic district or near the lake?
Yes, purchasing in Grapevine's historic districts or in flood-prone areas near Grapevine Lake requires special attention. Lenders may require additional inspections or specific insurance policies, such as flood insurance, which is mandatory in designated flood zones and adds to your monthly cost. For historic homes, some renovation loan programs (like a Fannie Mae HomeStyle® loan) might be necessary if updates are needed, and not all lenders are equally experienced with these property types.
How do interest rates for mortgages in Grapevine compare to the national average, and what local factors influence them?
Rates in Grapevine generally align with national averages but can be influenced by local competition among DFW lenders and the strong Texas economy. Your specific rate will depend heavily on your credit profile, loan type, and the lender you choose. Working with a local lender who understands the Grapevine market can sometimes provide more competitive terms or specialized loan products suited to the area's high property values and tax structure.
Why Choose a Mortgage Lender in Grapevine?
Local Market Knowledge
Lenders who understand Grapevine'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 Grapevine and get competitive rates on your home loan.