Without a Texas-sized wad of cash, it will be difficult to purchase a property in the Lone Star State. Your lender doesn't have to be located in Texas just because you're purchasing a house there; in fact, several of the most competitive lenders don't even have a significant presence inside the Lone Star State. Whether you wish to wear leather boots in Amarillo or say "hello" in the Energy hub of the World, where you wish to live will determine how much loan you require. Use our list of top mortgage lenders in Texas as a starting point.
The Best Texas Lenders
Guaranteed Rate
Guaranteed Rate is an American financial services company with headquarters in Chicago and 400 local offices in all corners of the nation. Our research showed that this organization had the best digital experience, the most useful consumer tools, the most reliable customer support, and the widest selection of loan options, including the big three government loans. The company's objective is to have everything in order to close within ten days, and they claim they can deliver a prior authorization letter in approximately fifteen minutes.
Navy Federal Credit Union
Navy Federal Credit Union, with headquarters in Vienna, Virginia, is a nationwide financial institution with 344 branch locations. Navy Federal Credit Union is ranked highly because of the credit union's open pricing policy, easy online loan application procedure, and wide selection of loan options. Its complaint rate with the Consumer Financial Protection Bureau (CFPB) is somewhat higher than average at 2.9 complaints per 1,000 loans. However, one mortgage lender waives the down payment and has lenient credit standards for those in the armed forces and their families who qualify for their mortgage products. Provides a one-of-a-kind relock rate feature, allowing you to lock in your Rate of interest and resynchronize it multiple times if rates increase before closing.
Rapid Home Loans
Rocket Mortgage is the name of Quicken Loans' online lending platform, and it is one of the most significant mortgage lenders in the United States. We found the Detroit-based firm to be among the top mortgage lenders due to its large variety of mortgage loan programs, easy online application procedure, low number of customer complaints, and upfront nature of its rates and fees. Rocket Mortgage distinguishes out due to its excellent reputation among its satisfied customers. Rocket Mortgage was the biggest lender in 2020, with over 1 million loans. Despite its size, the corporation has fewer complaints than typical in the CFPB's database of customer grievances.
Veterans United Home Loans
It is a mortgage company based in Missouri that serves veterans around the United States by providing them with access to VA home loans. Veterans United does a lot of work in the field of VA loans. Veterans United has been ranked as one of the best VA loan lenders in terms of volume for the last five years running, according to the DVA. In addition to its primary concentration on VA loans, the organization also provides standard, jumbo, FHA, & USDA financing options. Veterans United's website is loaded with helpful resources for prospective homeowners, including details on the application process, closing, financing options, credit scores, and underwriting.
North American Savings Bank
North American Savings Bank, based in Kansas, Missouri, is a nationwide financial institution. The mortgage offerings of North American Savings Bank are more comprehensive than those at competing institutions. These include programs catered to veterans, first-time purchasers, the self-employed, and applicants with a less-than-perfect credit score. Since the bank caters to borrowers that don't meet conventional lending requirements, this is the case. Borrowers may easily apply online at NASB, and their prices are shown clearly for them to see as they shop around. People who don't fit the typical mold of a homebuyer, like the self-employed or those with less-than-perfect credit, might turn to NASB for assistance because of the variety of programs available.
Sebonic Financial
Cardinal Financial, located in North Carolina, has a mortgage lending subsidiary known as Sebonic Financial. NextAdvisor gave Sebonic Financial a good rating due to the company's broad mortgage product portfolio, availability in all fifty states, and below-average history of consumer complaints filed with the CFPB. The 2020 data shows that for every 1,000 loans generated by Sebonic, less than one complaint is received. While Sebonic does not publish its mortgage rates and costs on its website, Octane, the company's proprietary online system, makes it simple to get a quotation without the need for a credit check or time-consuming procedure. Borrowers may use Octane for a quick rate quotation, to launch an application, to submit papers, and to sign closing agreements, all while receiving real-time updates.
Money Market Funding Corporation
The name Pennymac Loan Services does not carry much renown. While other mortgage companies may provide similar services, the California-based lender stands out due to its transparent rates and fees, easy online application procedure, and low number of customer complaints filed with the Consumer Financial Protection Bureau (CFPB). The CFPB received less than 0.32 complaints for every 1,000 loans in 2020. Pennymac has 16 physical sites throughout 49 states and provides access to a wide variety of mortgage options, including all three main government lending programs. As a result of their competitive pricing, clear pricing policies, and straightforward application procedure, they have an extremely modest complaint history and provide the greatest overall digital customer experience.
