The Best Mortgage Lenders in Rowlett, TX
Compare verified mortgage lenders serving Rowlett, Texas. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Rowlett
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender known for its exceptional customer service and competitive rates, serving Rowlett and the broader Dallas-Fort Worth area. With over 28 years of experience, they specialize in a wide range of loan products, including government-backed options, and have a strong local presence through their Plano office. Their high rating and substantial review count reflect consistent customer satisfaction, quick closings, and personalized support from dedicated loan officers.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly reputable lender with a strong focus on community engagement and efficient loan processing, making it a popular choice for Rowlett homebuyers. Founded in 2008, they offer a variety of loan types and are praised for their transparent communication and competitive rates. Their Irving office provides local expertise, and their high customer ratings underscore reliability, with many reviews highlighting smooth experiences and responsive service.
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Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a well-established lender known for its flexible loan options and strong customer support, serving Rowlett from its Addison location. With 16 years in the industry, they excel in providing tailored mortgage solutions and have built a reputation for reliability and competitive pricing. Their high review count and rating are backed by positive feedback on their streamlined application process and knowledgeable staff, making them a trusted option in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Rowlett, TX
Are there any special down payment assistance programs for first-time homebuyers in Rowlett, TX?
Yes, Rowlett homebuyers can access the Texas Department of Housing and Community Affairs (TDHCA) programs like the My First Texas Home loan, which offers below-market interest rates and down payment assistance. Additionally, the City of Rowlett itself may periodically offer local incentive programs, so it's wise to check with a local lender familiar with municipal offerings.
How do property taxes in Rowlett impact my mortgage payment and qualification?
Rowlett is located within Dallas County and has property tax rates that are a significant component of your monthly payment. Lenders will use the local tax rate (combined city, county, and school district) to calculate your escrow, which can affect your debt-to-income ratio. It's crucial to get an accurate tax estimate, as rates can vary slightly by specific neighborhood within the city.
What is a typical down payment percentage needed for a conventional loan in Rowlett's competitive market?
While 20% down is ideal to avoid private mortgage insurance (PMI), many buyers in Rowlett successfully purchase with 3%, 5%, or 10% down using conventional loans, especially with strong credit. Given the market's competitiveness, a higher down payment can make your offer stronger, but local lenders can structure loans effectively with lower amounts.
Are USDA loans a viable option for homebuyers in Rowlett, Texas?
Generally, no. Rowlett is considered a suburban city within the Dallas-Fort Worth metroplex and is classified as "ineligible" for USDA rural development loans due to its population and proximity to urban areas. Buyers should focus on conventional, FHA, or VA (if eligible) loan programs instead.
How does living in a FEMA flood zone affect getting a mortgage in Rowlett, especially near Lake Ray Hubbard?
This is a critical local consideration. Properties in designated Special Flood Hazard Areas (SFHAs) near the lake or creeks will require mandatory flood insurance as a condition of the mortgage. Your lender will order a flood zone determination, and this added annual insurance cost must be factored into your monthly payment and loan qualification.
Why Choose a Mortgage Lender in Rowlett?
Local Market Knowledge
Lenders who understand Rowlett'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 Rowlett and get competitive rates on your home loan.