Best Texas Mortgage Lenders June 2023

Do you want to buy a house in Texas? We are here to help you select the best Texas mortgage lenders. Texas is the second largest state. According to the U.S. Census Bureau Survey, Texas has about 11.3 million house units and a 66.5% homeownership rate. The median housing price in Texas is $289,700 which is lower than the national median housing price of $347,500.

As a mortgage borrower, there are things to consider before selecting a lender;

Check your finances
Determine your budget
Know your mortgage options
Compare rates and terms from many lenders
Have an approval for mortgage
Read the print well

Down here is the list of the best Texas mortgage lenders;

Best Texas Mortgage Lenders June 2023

1.Homefinity;- Homefinity has a minimum down payment of 3% and a minimum credit score which is not disclosed to the public.

2.Caliber Home Loans;- Caliber home loans have a minimum down payment of 3% and a minimum credit score of 620.

3.Carrington Mortgage;- Carrington Mortgage has a minimum down payment of 3% and a minimum credit score of 620.

4.PenFed Credit Union;- PenFed Credit Union has a minimum down payment of 0% for Veterans Affairs loan and a minimum credit score of 620.

5.Truist Bank;- Truist Bank has a minimum down payment of 3% and minimum credit score which is not disclosed to the public.

6.Chase;- Chase has a minimum down payment of 3% and minimum credit score which is not disclosed to the public.

7.Lower.com ;- Lower.com has a minimum down payment of 3% and a minimum credit score of 620.

8.AmeriSave;- AmeriSave has a minimum down payment of 3% and a minimum credit score of 620.

9.Simmons Bank;- Simmons Bank has a minimum down payment of 5% and a minimum credit score which is not disclosed.

10.Veterans United Home Loan;- Veterans United Home Loan has a minimum down payment of 3% and a minimum credit score of 620.

Review of the best Texas mortgage lenders June 2023

1.Homefinity – Best for online application and Approval

2.Caliber Home Loans – Best for online service

3.Carrington Mortgage – Best for borrowers with bad credit

4.PenFe d Credit Union – Best for lender credit and no lender fee

5.Truist Bank – Best for client relations

6.Chase – Best for low costs

7.Lower.com – best for borrowers who prefer digital home lending

8.AmeriSave – Best for mortgage variety

9.Simmons Bank – Best for online prequalification

10.Veterans United Home Loan – Best for Veterans Affairs loans

The mortgage rate in Texas is 2.87% on average for a 30-year fixed rate. Home interest rates range from 2.38% to 5.5% in Texas.

Other Best Texas Mortgage Lenders June 2023

PNC – best for low down payment

PrimeLending – best for digital customer care

Real Genius – best for online application

New American Funding – best for low APR

Guild Mortgage – best for product selection

Sofi – best for online service

CMG Financial – best for first-time borrowers who want to crowd-fund their down payment.

Freedom Mortgage – best for product availability

LoanDepot – best for a digital-first mortgage

Alliant Credit Union – best for no down payment

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