Mortgage Lenders in Houston Texas – As you shop around for your perfect home in Texas choosing the right mortgage loan is pertinent as its process of selecting a mortgage loan comes with many options, too: the digital process and the face to face interaction with personnel.
Getting loans used to be limited to banks and some other lenders but the internet has made it much easier to facilitate this process and make it efficient. We have the list of the top ten mortgage lenders you could lay your hands on which fits your needs.
What You Know to Know About the Lending Companies
- Quicken Loans
- Guaranteed Rate
- DHI Mortgage
- Bank of America
- Alterra Mortgage
- WellFargo Mortgage
1. Quicken Loans
If you’re purchasing your first home in Texas, Quicken loans may be the best option to consider first. This lender’s active customer service and competitive rates on FHA loans make it an informative and cost-effective option for new homeowners, who needs both qualities in a lender.
Quicken is a huge presence in Texas and the country. Quicken has no trouble taking care of its customers. According to JD Power, it gains one of the highest scores in consumer satisfaction for the mortgage-lending industry.
Quicken’s online mortgage program, called Rocket Mortgage, also delivers reasonable value to aspiring homeowners. Not this online platform accessible at any time and place only, it also quoted an obvious advantage on rates for the newcomer-friendly FHA loan.
This government-backed program reduces down payments, and its mortgages gained through Quicken kept interest rates at manageable levels.
The company also offers conventional choices to the FHA loan, which may create a path to reduce payments for qualifying applicants.
2. Bank of America
Bank of America’s different selection of home loan options makes it a top choice for Texan homeowners looking to refinance their mortgages.
The main aim of any mortgage refinance is either to reduce the loan interest rate or to cash out on existing home equity, and Bank of America’s numerous offerings mean that it has loans fit for either purpose.
As a major national brand, this bank has different branches throughout the state, while its digital application makes it just as comfortable and accessible whether you’re in El Paso or Texarkana.
If you are already a Bank of America customer, it’s likely to experience a discount on your mortgage origination costs depending on the balance of your bank account.
Besides these little benefits, refinancing with your existing bank makes it much simpler to manage your loan balance.
3. Guaranteed Rate
if you’re interested in a quick origination process and don’t mind financing a home online, Guaranteed Loan is a top notch for Texans, thanks to its expedient web interface and breadth of loan options.
Whether a current or aspiring homebuyer, Guaranteed Rate has an important mortgage available. Its rates are comparable to the best offers seen in each category of home loan, from conforming loans to government-backed FHA and VA loans.
This makes Guaranteed Rate an equally suitable choice regardless of the loans you qualify for while improving its value for people who have not settled on which mortgage format will suit their needs best.
USAA is For military families and veterans residing in Texas, the VA loan program rendered through USAA represents the affordable path to owning a home.
While some other lenders participate in VA loan origination, USAA, which focuses on serving the military community, has acquired the greatest success with this loan type,
USAA mortgage products cater is specifically to consumers who have a relationship to the armed forces—and with dozens of military bases such as Fort Hood, Texas is home to more than 1.8 million veterans and efficient duty personnel.
As one of the state’s major VA lenders, USAA quoted a VA loan estimate that balanced the need for a relevant monthly payment with the formidable closing costs of a mortgage.
Although at least one lender rendered a lower interest rate, none were rated higher for buyers satisfaction than USAA.
5. DHI Mortgage
DHI Mortgage As the most active originator of FHA loans in Texas, DHI Mortgage represents the best mortgage lender to sort for if you are struggling to get approved as a result of your low credit score.
The FHA loan is a government-backed home lending program that allows lenders like DHI to offer mortgage financing to borrowers with credit scores as low as 680.
Moreover, another significant benefit if you are thinking about your first home purchase is that FHA loans agree to down payments as small as 3.5%.
While many Texas mortgage lenders take part in the FHA program, DHI is both the most admired option and one of the best when it comes to customer contentment.
Government data was looked at from the Consumer Financial Protection Bureau (CFPB) and found that since 2013, DHI has acquired just 45 recorded complaints from consumers—while creating over 13,000 individual loans at the same period.
DHI’s website makes it very easy and accessible to look up individual loan officers in your immediate area, offering access to a degree of local expertise that most online lenders cannot match.
6. Alterra Mortgage
Alterra’s mortgage offers come in different options. You’ll find the conventional stable of purchase loans for usual fixed- and adjustable-rate mortgages in loan amounts ranging from $40,000 to $1.5 million. Alterra’s mortgage offers services such as
- Offers different loans for borrowers with nontraditional credit, employment, and income sources
- it Has an included mobile app and fully digital online application and loan tracking
- it has a Spanish version of its website and employs hundreds of Spanish-speaking loan officers and employees to serve its customer. Alterra’s mortgage has limited branches for accessibility.
lenda is also a member of the online-only mortgage lending industry. Lenda renders fast and simple pre-qualifications and refinancing from its website, but does not render a customer service exclusively through the Web.
Lenda offers a gatekeeper service to help you all through the lending process from start to finish. The paperless process is clear and will feel comfortable and familiar to digital natives or anyone experienced in browsing the Web.
One of the biggest problems in mortgage borrowing is all of the paperwork and recovering missing documents to the lender.
Lenda’s digital system makes it obvious what you need to send in and gives updates for what is missing, so you do not have your approval or funding withheld up by one form or document.
8. WellFargo Mortgage
Wells Fargo renders the complete list of mortgage products you would expect from a “big box” lender. Beyond usual mortgages, home equity lines of credit and government loans from the Federal Housing Administration, Veterans Affairs and Department of Agriculture, Wells Fargo Mortgage renders:
- Jumbo loans on up to 89.9% of a home’s value, with supports from specialized private mortgage banking team.
- New construction home loans, with options for an unlimited rate lock during the building period.
- A loan program along with special benefits for eligible union members.
Wells Fargo’s your first Mortgage gives down payments as low as 3% on fixed-rate mortgages.
Vylla also renders Flexible Advantage and Flexible Advantage Plus loans for borrowers who cannot use usual or government loans as a result of self-employment, past foreclosure or blemished credit, among other reasons. Vylla offers, with 5/1, 7/1 or 10/1 terms.
Vylla also takes part in down payment assistance programs on a state-by-state basis. Vylla Loan has two tangible locations call centers in Aliso Viejo, California, and Brentwood, Tennesse.
Chase Bank is not just one of the biggest banks in Texas, it is one of the biggest banks in the world. And this bank is also a top mortgage lender.
If you need a traditional bank experience where you a get loan through face-to-face interaction with a human mortgage banker then any Chase branch have you covered.
Chase claims over 5,300 branches and nearly half of all American households as its customers in some form (including banking, credit cards, and other businesses, too.
Local Mortgage Lenders in Houston
If you want to include a local lender or two in your search for the best mortgage, these Houston lenders are among the highest-volume mortgage providers in the city.
- About a dozen offices in the Houston metro area.
- Complete an online form to pre-qualify.
- An app allows you to upload documents, check your loan status and even search for homes.
- Specializes in jumbo loans in the Houston area.
- A large selection of home loans, including construction and agriculture mortgages.
- Offers home equity lines of credit and loans.
- Texas-born in 2002, with headquarters in Houston and offices in more than 30 states.
- Online, you can choose a “Quick Start” option or take about 15 minutes to complete a full pre-qualification.
- A no-credit-score mortgage option is available, as well as bank statement programs and government-backed loans.
- Nearly 20 loan officers in its north Houston office.
- A digital mortgage gateway allows you to complete pre-qual information in as little as 10 minutes.
- The broad selection of loans includes conventional, government-backed, renovation and even reverse mortgages.
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